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Chinese Dining Chain Shuts Ahead of Lunar New Year, Shares Slump

7 months ago01 mins
Mcdonald's restaurant with traditional chinese architecture
📖
1 min read • 43 words

One of China’s premium Shanghainese dining chains abruptly shut 10 outlets in the city, becoming the latest casualty of the country’s consumption slump and sparking an outcry from diners just days before the Lunar New Year holidays.

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Image: Damon Lam / Unsplash

Source: Bloomberg

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