New Market Research Report: Full-Service Restaurants in China
Compared with other smaller categories in foodservice in China, the economic slowdown is thought to have had a clearer impact on full-service restaurants in 2012. The growth rate of consumers' purchasing frequency eased and consumers became more sensitive to price. Additionally, the Chinese Government stepped up efforts to crack down on corrupt or wasteful officials, prompting a considerable cut in spending on high-end foodservice, according to industry sources. Some sources even estimated up...
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