China’s restaurant industry is struggling due to slowing consumer spending and intense price competition. Many who invested in new restaurants after COVID-19 faced closures as customers cut back on dining out. Restaurant closures hit record highs in 2024, with Beijing seeing a monthly closure rate of more than 10 percent.
China’s Restaurants Fail in Deflation-Hit Economy | Business Matters (March 21)
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China’s Restaurants Fail in Deflation-Hit Economy | Business Matters (March 21)
Mar-21-2025