20 per cent growth for China take-away

- Last updated on GMT

China's fast food industry had a turnover of more than 200 billion
yuan (26.3 billion euros) last year as Western giants and
home-grown competitors fought for market share, the official China
Daily newspaper said on Friday, Reuters reports.

China's fast food industry had a turnover of more than 200 billion yuan (26.3 billion euros) last year as Western giants and home-grown competitors fought for market share, the official China Daily newspaper said on Friday, Reuters reports. The fast food market has grown more than 20 per cent annually over the last decade, it said, quoting a survey by the State Administration for Industry and Commerce. Kentucky Fried Chicken, owned by Tricon Global Restaurants had a 2.0 billion yuan ($242 million) share of the market last year, the newspaper said. It gave no figure for McDonald's Corp which has around 300 restaurants in China.

Related topics: Market Trends

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