A recent article in China News Weekly explored the increasing trend of group discount buying at restaurants and provides some insight into consumer spending habits.
It has been 11 months since China scrapped its Covid restrictions, but demand is still mixed, and CPI went into deflation for October. Some commentary attributes the deflation largely due to the year on year fall in pork prices, which is true, but almost all food products were lower. But part of the reason for the decline in pork pri...