China’s restaurants fight for survival in the price war
In Beijing, profits of catering companies with annual sales of over two million yuan (US$280,750) fell to 180 million yuan (US$25 million) in the first half of the year, a…
Figures show: Shop prices fall in August for the first time in almost three years
As new figures show, retail prices are falling for the first time in almost three years. According to an influential retail group, retailers’ drastic price cuts to get rid of…
