China’s zero-COVID policy has negatively impacted consumer buying habits and severely weakened the food and beverage industry. Companies like Taiwan’s famous Bafang Dumpling chain hint they may withdraw from the Chinese market and divert their operations to the United States. Although Bafang has yet to confirm this, it has activated its stop-loss mechanism, closed poorly…
China’s COVID-19 Restrictions Weakened its Consumer Markets and the Food and Beverage Industry
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