By Lori Chen, Tingsho Wang
In a devastated warehouse in the outskirts of the Chinese capital, a businessman, the swimming, the giant refrigerators, commercial bread machines and commercial bread ovens expected to sell to food facilities.
“For ordinary people, the opening of the restaurant is close to a guarantee failure,” the 38-year-old said.
Behind every device, there is a story of a failed Beijing restaurant, which is often designed by people who often bet on their lives on economic recovery after the COVID-19 pandemic, just to see users neglect to neglect to eat outside the economies.
When they released a price war, food suppliers offer coffee suppliers at 9.9 yuan ($1.40) and four sets of sets to 99 yuan ($14).
The expansion of this year’s domestic demand is the priority of Chinese rulers, who are trying to end the impact of US taxes and the long-term property crisis.
But consumer inflation fell rapidly in February 2024, sparking concerns about a cycle of falling oil prices.
Last year, his team canceled 200 restaurants, or 270 percent more than last year, because the number of dissolved mealing companies was about 3 million people in the country, showing the data of the company’s registration.
The monthly size exceeds 10%, sometimes even 15%.
In restaurants where they are closed across the capital, teams of chairs, ovens, storage units and bread storage are collected on them, using Fork Lift to load some of them to cars to be taken, while a buyer took the tables somewhere.
The company’s revenue fell slightly more than fifth in 2024, as if its shops were smaller and lower, such as drinking shops and bakeries, which require smaller expenses on devices.
In an empty mall near Beijing’s Olympic Park, France’s director of bakery, a high rent of 50,000 yuan ($6,900) a month and low feet due to its failure after 14 months.
“There are shops next to them that have similar products that do not have good taste, but 10 yuan are cheaper. ordinary people are basically buying cheaper products,” he said.
“People don’t just don’t have money. Or if they are, they are not willing to spend as before, because it’s very difficult to get.
bad cycle
Analysts say a restaurant in China has only about 500 days, which drops in Beijing a year, showing municipal data that the profits of Pak restaurants in the first half of 2024 fell by 88 percent.