日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Industries

Catering industry feeling effects of graft crackdown

By LI WOKE | China Daily | Updated: 2013-04-10 23:32

Greatly affected by the government's crackdown on wasting public money on luxury banquets, growth in China's catering industry has plunged to its slowest rate in a decade, the China Cuisine Association said on Wednesday.

In the first two months of this year, which included the Spring Festival holiday, the sales revenue of the country's catering industry reached 403 billion yuan ($65 billion), a year-on-year growth of 8.4 percent, the slowest growth in the past 10 years, according to the association.

"The slump in the industry, especially for luxury restaurants, has occurred since late last year," said Su Qiucheng, head of the China Cuisine Association.

"Restaurants in some big cities even posted negative sales growth, such as Beijing and cities in Jiangsu and Zhejiang provinces."

At the end of last year, the central government unveiled new anti-graft rules, including banning lavish meals and unnecessary overseas trips, as well as over-the-top welcoming ceremonies.

It has not taken long for the catering industry to feel the impact.

According to the association, nearly 60 percent of restaurants dinner reservations were cancelled during Spring Festival, and most of these were at luxury restaurants or five-star hotels.

"Business has been hit greatly at our restaurant," said Ren Xiuqin, general manager of Laolaofu Seafood Hotpot, one of the top hotpot restaurants in Beijing. "Spending has decreased at least 60 to 70 yuan per head."

Chen Junhai, an executive at Wangshunge Restaurant Group, said about 30 percent of its income comes from business customers, hosting luxury banquets to entertain VIP guests. So the move to eradicate publicly funded extravagance had been a big blow for them.

Some leading high-end catering businesses face being plunged into the red as a result.

Beijing Xiangeqing Co Ltd said that its first quarter financial loss may reach 55 million to 70 million yuan, compared with a net profit of 46.23 million yuan during the same period last year.

ShunFung and Jingya restaurants, another two extravagant eateries, withdrew their IPO applications due to the harsh situation, according to the China Securities Journal on Wednesday.

But Bian Jiang, assistant director of China Cuisine Association, said the habit of pleasing business clients with extravagant banquets is deeply rooted in Chinese culture and will not be reversed overnight.

Duan Kaiyun, assistant secretary-general of Beijing Cuisine Association, said: "The difficult period will last for a long time, as it's a key part of the new government's vow to curb corruption."

As a result, luxury restaurants will be forced to enter a new phase of business adjustment, such as lowering prices and introducing more promotions, Duan added.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 婷婷一区二区三区 | 欧美视频在线观看免费 | 国产成人福利在线 | 成人福利午夜 | 国产一区二区视频在线观看 | 欧美一区二区三区四区五区 | 国产成人精品久久二区二区 | 麻豆精品国产传媒 | 日韩在线视频播放 | 怡春院久久 | 成人丁香婷婷 | 国产高清不卡 | 成人免费观看在线视频 | 欧洲精品一区二区 | 久久成人精品 | 丁香六月色婷婷 | 欧美一区二区三区激情视频 | 义姐是不良妈妈在线观看 | 亚洲精品在 | 夜夜摸夜夜操 | 久久黄色片 | 欧美成视频 | 激情噜噜| 亚洲国产精品va在线看黑人 | 久久久久久成人 | 免费成人深夜夜行网站 | 综合五月婷婷 | 亚洲人成在线播放 | 久久久久久久久艹 | 操日韩美女 | www久久久| 久艹视频在线 | 亚洲国产精品久久久久久久 | 久久久久久久久影视 | 日本久热 | 2018狠狠干 | 国产精品一区不卡 | 黄色一级网址 | 国产性生活网站 | 一道本久久 | 人人看av |