MacroOther

China's State Council Approves 15th Five-Year Consumption Plan Targeting Catering Sector

Published: Updated: By 24TopNews Editorial Desk

The State Council approved the 15th Five-Year Plan for Expanding Consumption, which calls for improving catering service quality, cultivating regional restaurant brands, and building food districts and specialty snack industry clusters. National Bureau of Statistics data show nationwide catering revenue reached RMB 32,822 billion in the first seven months of 2026, up 2.6% year on year, outpacing growth in total retail sales of consumer goods by 1.4 percentage points over the same period.

The 15th Five-Year Plan for Expanding Consumption, approved by the State Council, calls for improving catering service quality, implementing a program to cultivate regional restaurant brands, and encouraging local governments to build food districts and specialty snack industry clusters. The plan covers improvements to catering service quality, the cultivation of regional restaurant brands, and the development of food districts and specialty snack industry clusters.

Data released by the National Bureau of Statistics show that nationwide catering revenue reached RMB 32,822 billion in the first seven months of 2026, up 2.6% year on year. The growth rate was 1.4 percentage points higher than that of total retail sales of consumer goods over the same period. The figures cover nationwide catering revenue from January to July 2026 and its comparison with the growth rate of total retail sales of consumer goods over the same period.

24TOPNEWS IMPACT INTELLIGENCE

Why this event matters

The event has a measured impact on 5 industrys. The strongest current signal is positive for Restaurants, with intensity 65/100 and 70% confidence over a medium term horizon.

Education, Culture & Travel · 16.7

Restaurants

Direction
positive
Intensity
65
Confidence
70%
Horizon
Medium term
Effective impact +28
Food & Beverages · 5.1

Staple Food Processing

Direction
positive
Intensity
40
Confidence
55%
Horizon
Medium term
Effective impact +14
Food & Beverages · 5.2

Condiments

Direction
positive
Intensity
40
Confidence
55%
Horizon
Medium term
Effective impact +14
Food & Beverages · 5.3

Fresh Produce

Direction
positive
Intensity
35
Confidence
50%
Horizon
Medium term
Effective impact +11
Food & Beverages · 5.6

Beverages & Dairy

Direction
positive
Intensity
35
Confidence
50%
Horizon
Medium term
Effective impact +11

Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.