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flag Nearly 3 million food service businesses in China have closed due to rising costs and bankruptcies.

flag Nearly 3 million food service businesses in China have closed in the past year due to bankruptcies and increasing costs, according to Radio Free Asia. flag The closures affect all sectors, from fine dining to fast food, as higher rents and raw material costs strain the industry. flag The trend highlights the financial pressures on ordinary Chinese consumers, who are spending less on dining out.

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