HANGZHOU, China -- Weak consumption has been a major factor in China's slowing economy, and expensive restaurants bearing the brunt of the penny-pinching are slashing prices.
Food & Beverage
Chinese gourmet restaurant resorts to 80% discount to fill seats
Weak consumer consumption spurs price competition among eateries, hotels
People line up to be seated at this gourmet restaurant in Beijing in September. (Photo by Kentaro Shiozaki)
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