Covid lockdowns continue to weigh on restaurants, food demand

The restaurant industry in China continues to struggle with the Covid lockdowns which are reducing the overall food consumption. The Shenzhen Culinary Association yesterday issued an appeal for assistance and asked policy makers, property owners, and financial institutions to make accommodations for restaurants during the current lockdown in the city. Xi’an Food and Beverage, a publicly traded restaurant and food company, noted that they would be again limiting operations at their restaurants. T...

 

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