China's restaurant industry is in crisis, as consumers cut their spending. Millions of restaurants were forced to shut last year, with rising costs and deflationary pressure.

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 ...

Record 3 million China restaurants went out of business in 2024 February fall in consumer inflation fastest since January 2024 Restaurants in price war as consumers skimp on dining out BEIJING ...

Workers collect used kitchen 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 to as low as a year in ...

BEIJING (Reuters) - 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 ...

Click the link below to download a spreadsheet with an example Revenue calculation for China Overseas Grand Oceans Group Limited below: The chart above depicts the distribution of Revenue for ...

Two teenagers have been detained for urinating in a hotpot dish at a well-known restaurant chain outlet ... The chain has more than 1,300 branches across China. The eatery in the video reported ...

A video showing two men urinating into the broth of their hotpot while dining in a private room at a Haidilao restaurant started circulating online late last month. Haidilao said on Wednesday the ...

One of China's biggest restaurant chains has promised to refund thousands of customers after footage of a patron urinating into a simmering hotpot went viral online, triggering a public outcry. The ...

China Food and Drug Administration collected samples from the broth and confirmed the soup contained human faeces and urine. Mr Jiang told Haikou Police the father of his restaurant rival Mr Li ...

GRAND RAPIDS, MI —It’s been a busy year for restaurant closures so far. Linus De Paoli opened 3 Gatos Brewery at 1760 44th St. SW in the summer of 2021 to offer a fusion menu inspired by ...

The oyster bar inside iconic Grand Central Terminal has been serving commuters, tourists and diners since 1913. After going bankrupt and falling into disuse in the 1970s, it reopened with a ...