www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

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: 成人国产一区二区三区 | 男人的天堂精品国产一区 | 国产一区二区在线观看免费 | 免费成年人视频网站 | 最新久久免费视频 | 国内精品久久久久久久影视麻豆 | 四色6677最新永久网站 | 亚洲精品国产精品精 | 欧美最猛性xxxxx亚洲精品 | 亚洲国产欧美目韩成人综合 | 亚洲国产高清视频 | 一级毛片大全 | 欧美顶级毛片在线播放小说 | 欧美日韩精品乱国产538 | 久久香蕉国产线看观看精品yw | 免费高清不卡毛片在线看 | 亚洲男人的天堂网 | 欧美一级特黄视频 | 99久久精品国产一区二区成人 | 国产区香蕉精品系列在线观看不卡 | 久久久久久久性潮 | 成人看片在线观看免费 | 免费人成观看在线网 | 国产人妖xxxx做受视频 | 最新精品国产 | 美女黄网站色一级毛片 | 手机看成人免费大片 | 日本亚欧乱色视频在线网站 | 大伊香蕉精品视频在线观看 | 毛片1级 | 日本毛片免费看 | 91成人在线免费观看 | 国产成人久久精品推最新 | 九九在线观看视频 | 欧美日韩国产亚洲一区二区三区 | 国产精品久久久影院 | 中文字幕免费在线视频 | 一本三道a无线码一区v | 国产一区二区三区久久 | 成年人免费视频网站 | 久草在线免费福利视频 |