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Nearly 3 million food service businesses in China have closed due to rising costs and bankruptcies.
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.
The closures affect all sectors, from fine dining to fast food, as higher rents and raw material costs strain the industry.
The trend highlights the financial pressures on ordinary Chinese consumers, who are spending less on dining out.
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Casi 3 millones de empresas de servicios alimentarios en China se han cerrado debido al aumento de los costos y las quiebras.