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  1. News - China - CATERING

    Mainland restaurant takings plummet as party order cadres to tighten belts

    Posted Feb 09th 2013, 12:00am by Daniel Ren

    ... spending on meals," said Ken Xia, a restaurant owner in Shanghai. "It's not going to be a temporary business decline, and we are foreseeing further losses in the coming months ... it's difficult to change our tactics to target individual customers," said Xia. "Unlike chain operators like Xiao Nan Guo, we don't have the financial strength and economies ...

    http://www.scmp.com/news/china/article/1146420/mainland-restaurant-takings-plummet-party-order-cadres-tighten-belts

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