China's restaurants race to the bottom in deflation-hit economy
A record 3 million restaurants went out of business in 2024 as consumers skimped on eating out as China's economy slowed.
Marketplace6d
China’s once-vibrant restaurant scene sees leaner times
Some blame restaurants' decline in profits on China's falling real estate values and the rising costs of payroll taxes for ...
The Straits Times2d
China’s restaurants race to the bottom in deflation-hit economy
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 ...