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.
China Daily7d
Garlic coffee creates whiff in rural village
The garlic extract is rich in allicin, which is known for its anti-aging and antioxidant benefits, making garlic coffee a ...
Marketplace4d
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 ...
Zara opens flagship store in China's Nanjing with cafe and content creation studio
Inditex-owned fast-fashion retailer Zara opened what it dubbed a new-style Asia flagship store in the eastern Chinese city of ...
Business Times10d
China’s restaurants race to the bottom in deflation-hit economy
Behind every appliance is the tale of a failed Beijing restaurant, set up by those who often bet their life savings on a V-shaped economic recovery after the Covid-19 pandemic, only to see consumers ...
U.S. News & World Report11d
China's Restaurants Race to the Bottom in Deflation-Hit Economy
A restaurant in China has an average lifespan of just about 500 days, analysts say, falling to as low as a year in Beijing, where municipal data show net restaurant profits plunged 88% in the ...
朝日新聞社10d
China’s restaurants race to the bottom in deflation-hit economy
A restaurant in China has an average lifespan of just about 500 days, analysts say, falling to as low as a year in Beijing, where municipal data show net restaurant profits plunged 88% in the ...