Comments by "☨St Louis IX opposed paganism, hæresy \x26 debauchery" (@stlouisix3) on "Restaurant Owners in Tears! 70% Closure Rate for China’s Restaurants, 1 Million Shut in a Year" video.

  1. 😔 The downward trend of China's economy is impacting the catering industry, leading to closures and financial struggles for restaurant owners. 00:00 China's catering industry is facing immense challenges with a wave of closures impacting restaurants. Restaurant owners are struggling with financial losses and overwhelming bank debts, leading to closures. The pandemic has resulted in significant financial challenges for the catering industry in China, affecting both well-known chain brands and individual restaurant owners. 😔 The video discusses the decline of popular shops and restaurants in Shanghai, with a man expressing dismay at the changes in the city's commercial district. 03:30 Popular shops and restaurants in Shanghai are closing down, with fewer customers and empty storefronts in the commercial district. The man expresses concern about the difficulty of making money in the restaurant business in the current economic climate. A local driver recommends Sunak Mall in Guang Jadu as a good dining option. 🍽 The restaurant industry is facing a nationwide wave of closures and a surplus of secondhand equipment, leading to a downturn in business. 06:43 Nearly 1 million restaurant licenses have been revoked or canceled this year. The secondhand equipment recycling market has seen a significant increase in closed restaurants and surplus equipment. The industry experienced a promising period after the lockdown was lifted, but took a nosedive in May and June. 🍔 Restaurants in various regions of China are facing closure due to high costs and declining customer volume. 09:47 Bleak market conditions affecting restaurants in Shenzhen, Beijing, Changdu, and Changsha. Small scale restaurants facing high costs and low customer volume, leading to closures. Popular Fried Chicken chain, Jungshin Chicken Steak, experiencing a significant decline with nearly 10,000 stores shutting down. 😔 The catering industry in China is facing challenges with a significant increase in new businesses and closures, leading to intense price wars and predictions of large-scale closures by the end of the year. 13:14 Cumulative number of newly registered catering businesses nationwide increased by 374,000 compared to the same period last year The industry has seen a large influx of entrepreneurs, increasing competitive pressure and leading to intense price wars Predictions of a large scale wave of closures in the catering industry by the end of December this year
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