How is China’s catering industry evolving under the impacts of COVID-19?
According to the latest data from China’s National Bureau of Statistics, the total revenue of the catering industry decreased by 44.3 percent to CNY602.6 billion in the first quarter of this 2020. But is the industry showing signs of recovery?Part of Series:
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"1 February 2020 - Our cash flow can only sustain operation for three months at most."
-Chairman of Xibei Oat Noodle Village Restaurant-
"5 April 2020 - Considering the epidemic situation and corresponding costs increase in raw materials and additional sterilisation, we would raise the dish price by 6 percent on average."
-Spokesman from Haidilao-
"6 April 2020 - You (the restaurant) can choose to increase prices, and I can choose not to come."
-Comments from a local citizen-
"10 April 2020 - We apologise for making the wrong decision to increase prices and damage the interests of our customers. We will restore the original prices to those in January 26, 2020 (before the lockdown)."
-spokesman from Haidilao-