Too many cooks, not enough diners: China’s restaurant boom goes bust

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BEIJING, March 22 — In a dilapidated warehouse on the outskirts of the Chinese capital, businessman An Dawei inspected r...

At a key legislative session this month Chinese officials vowed greater efforts to crack down on “involution”, or excessive competition, but the restaurant industry is one of the areas in which the problem is most visible.

An traced the price war back to 2023, after China lifted pandemic curbs, which he said drove an influx of newcomers into the restaurant industry following mass layoffs in industries such as real estate, education, finance and tech.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaJapan

Topics: Restaurants China economy

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-22 @ 11:41:30 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 759 words

Reading Time: 5 minutes read

Sentences: 25 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Malay Mail

News ID: 27232503

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