China Sees Closure of Nearly 3 Million Food Service Establishments

China’s food service industry is currently facing a significant crisis, with nearly 3 million establishments closing their doors. This alarming trend reflects the broader economic challenges and shifts in consumer behaviour that have intensified over the past year.In 2024 alone, the Chinese restaurant industry saw over 4.21 million closures, significantly outpacing the 4.17 million new
China’s food service industry is currently facing a significant crisis, with nearly 3 million establishments closing their doors. This alarming trend reflects the broader economic challenges and shifts in consumer behaviour that have intensified over the past year.In 2024 alone, the Chinese restaurant industry saw over 4.21 million closures, significantly outpacing the 4.17 million new
Go to Source