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...In Beijing, meanwhile, Rio Liu has moved towards a “more affordable way of living”....
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...Restaurants were not busy, shops were vacant and there were widespread reports of property prices falling more than the official numbers....
...Before meeting Zhang, Wen worked in Chinese takeaway restaurants and lived in a “relatively modest accommodation”....
...Investors have been hoping for supplementary policies from Beijing to boost the economy and markets....
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...Fast-food chains and high-end restaurants often had lines or required reservations, while mid-level restaurants had no lines at all, even during peak hours....
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...Before meeting Zhang in 2017, Wen had worked in Chinese takeaway restaurants, the court heard. The trial continues....
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...“The restaurants are really worried,” said Wong. “More people might also be cautious about dining out at Japanese restaurants because of all the news surrounding this.”...
...Anti-Israel boycotts: McDonald’s said a drop in demand at its restaurants in the Middle East and predominantly Muslim countries had hurt its sales....
...“We expect Beijing will have to do more to stabilise growth in the near future,” analysts said....
...They also pointed out that property prices in China’s first-tier cities, which include Shanghai, Beijing and Guangzhou, could be benefiting at the expense of smaller municipalities where demand and spending...
...“But in Shenzhen, I can order any food I fancy at a restaurant without batting an eyelid.”...
...It’s a more casual dining option from the founder of upscale restaurant chain Xin Rong Ji – widely considered to serve the most exquisite Chinese cuisine....
...Retail sales at restaurants, by contrast, rose 11 per cent. For some people, prices are still too high relative to their wages....
...Demand has also shifted away from goods like consumer electronics and Pelotons, which propped up its output during the pandemic; in the west, consumers are spending more on restaurants and holidays instead...
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