Report Highlights:
Report Highlights: China’s Hotel, Restaurant, and Institutional (HRI) sectors recorded $687 billion in sales revenue in 2019, a 9 percent increase from the previous year. With the onset of COVID-19 in December of 2019, demand patterns for HRI sales underwent significant changes with first quarter sales contracting but rebounding in the second quarter of 2020. On the positive side, China instituted a tariff exclusion process to waive the Section-301 retaliatory tariffs on imports of U.S. agricultural products.