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.
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China’s restaurants race to the bottom in deflation-hit economy
“For the average person, opening a restaurant is almost a guaranteed failure,” said the 38-year-old, who sells used kitchen equipment. Behind every appliance is a tale of a failed Beijing ...
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China’s Restaurant Meltdown: Price Wars, Closures, and a Struggling Economy
In a rundown warehouse on the outskirts of Beijing, entrepreneur An Dawei surveys rows of used industrial kitchen ...
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China’s restaurants race to the bottom in deflation-hit economy
“For the average person, opening a restaurant is almost a guaranteed failure,” said the 38-year-old who sells used kitchen equipment. Behind every appliance is the tale of a failed Beijing restaurant, ...
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The Manila Times on MSN6d
China's restaurants race to the bottom
In a dilapidated warehouse on the outskirts of the Chinese capital, businessman An Dawei inspected rows of giant fridges, industrial hobs and commercial bread ovens waiting to be resold to dining ...