SHANGHAI -- An ultrahigh-end French restaurant in Shanghai with three Michelin stars will suspend its business indefinitely, the latest casualty of China's consumer spending slump caused by prolonged property market woes.
Food & Beverage
$900-per-person French restaurant in Shanghai to close
China's property crisis prompts consumers to cut back on luxury spending
With only 10 seats, Ultraviolet was once considered the most difficult reservation in China to get. © Reuters
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