China’s restaurants on survival mode as African swine fever fuels costs, dents business ahead of Lunar New Year
A doubling in pork prices since the outbreak of deadly African swine fever in August 2018 is pushing the domestic inflation rate to the highest in eight years. For some of the nation’s small entrepreneurs, it’s approaching a breaking point.“We are not able to make a profit due to the higher costs of buying pork meat,” said Wang Xuliang, owner of the Yi Mian Qian restaurant chain in Shanghai. “It is becoming more difficult to sustain our business after having to pay higher rent and labour costs…

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