Dip In Spending Kicks off Price War in China’s Fast-Food Industry
Amid a countrywide dip in consumer demand, China’s catering industry has become a battleground for an intense price war. Small restaurants, already grappling with challenging market conditions, are now competing against major fast-food giants, who have aggressively lowered prices to attract budget-conscious customers. Since May, discounted menus and various promotions…
bubmagAugust 1, 2023