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Over 2012 Chengdu retail sales rose by 16.0% to RMB 331.8 billion, reflecting the slowest growth since 2007, but F&B sector maintained a stable growth rate of 18.2%. As year 2013 started, Chengdu retail sales growth slipped further to 13.2% in the first two months, with F&B sector seeing a noticeable slowdown in growth to 7.6% as compared to 16.5% a year earlier. We believe this is due to recent government policies restricting government spending on entertainment and F&B.
Source : Cushman & Wakefield
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