A record 3 million restaurants went out of business in 2024 as consumers skimped on eating out as China's economy slowed.

Some blame restaurants' decline in profits on China's falling real estate values and the rising costs of payroll taxes for ...

China's restaurant industry is in crisis, as consumers cut their spending. Millions of restaurants were forced to shut last ...

At a recent press conference on people's livelihood, Lei Haichao, head of China's National Health Commission, announced that ...

Many restaurants went out of business in 2024, slowing revenue growth in China’s food and beverage industry to a paltry 5.3 per cent from the 2023 figure of 20.4 per cent. The survivors had to ...

At restaurants closing across the capital ... equipment from an out-of-business bakery in Beijing A restaurant in China has an average lifespan of just about 500 days, analysts say, falling ...

only to see consumers skimp on eating out as China's economy slowed. In a time of both misinformation and too much information, quality journalism is more crucial than ever. By subscribing ...

Expanding domestic demand is the top priority this year for China’s rulers, looking to offset the impact of US tariffs and a protracted property crisis. But consumer inflation fell in February at the ...

Expanding domestic demand is the top priority this year for China's rulers, looking to offset the impact of U.S. tariffs and a protracted property crisis. But consumer inflation fell in February at ...