Chinese dining giants transform amid government's frugality campaign
date:Apr 10, 2013
presentative of the sluggish high-end restaurant sector around China.

In the first two months of 2013, China's catering sector reported 403 billion yuan in revenues, up 8.4 percent year on year, National Bureau of Statistics data showed.

But sales at medium- and large-sized restaurants logged a decline in the first two months, down 3.3 percent year on year, partly as a result of the central government's anti-extravagance drive.

To meet the government's call and the changing market, Xiangeqing
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07/13 19:58