Covid Controls Slice Beijing Restaurants’ Income in Half, Survey Shows
Beijing restaurants saw their income plunge by half this month after the municipality suddenly banned them from welcoming patrons, according to a previously unreported trade group survey.
During the two weeks through May 15, the daily average revenue for surveyed restaurants in Beijing plunged 48% from the same period in January, according to a survey by an industry group seen by Caixin. The survey, which has not been released publicly, didn’t reveal the actual revenue figure.
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