China’s Restaurant Industry COLLAPSES: Beijing Restaurant Industry’s Net Profit PLUMMETS 88%. How Bad Is China's Worsening Ec

In recent years, China’s economy has been struggling, and consumer spending continues to drop, which has directly affected the restaurant industry. Last year, nearly 3 million restaurants in China closed down, a new record. Now, cities like Beijing are facing a wave of restaurant closures, and businesses that specialize in shutting down restaurants are doing surprisingly well. It’s like they’re the new “undertakers” of the food world! Today, let’s talk about this issue.