Restaurant Owners in Tears! 70% Closure Rate for China’s Restaurants, 1 Million Shut in a Year

Actually, from October this year, the restaurant industry has been facing a nationwide wave of closures. I saw some data, just this year, nearly 1 million restaurant licenses have been revoked or canceled. The restaurant industry in 2023 is really tough. If you want to know how the restaurant industry is doing, just ask the second-hand equipment recyclers, we’re the first to sense it. Today we came to the largest second-hand equipment recycling market in Hangzhou, Zhejiang, to take a look. #chinaeconomy #chinaobserver All rights reserved.