Shanghai and Beijing’s Michelin Eateries Shut Down Overnight
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- เผยแพร่เมื่อ 27 ส.ค. 2024
- An anonymous source close to the core Tiago team revealed that the biggest issue for the store was cautious consumer behavior. The high renovation and rental costs of the directly-operated stores pushed up prices which led to a steep decline in customer flow, resulting in gradual losses. They had not recouped their initial investment and later incurred additional losses, totaling about 30 million yuan.
Adding to the regret, both of these decade-old Michelin-recommended restaurants made great efforts to continue operating. They lowered their "fine dining" standards, offered promotional packages, set up bakery stalls, and opened franchises in attempts to save themselves.
Starting last year, Opera opened a delivery channel, frequently participated in Restaurant Week activities, and introduced various discount packages. The customized lunch set for Restaurant Week was priced as low as 398 yuan, including four signature dishes.
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80% of resturants fail in the first 2 years
Yeah, it takes a few years (at least in Australia and apparently many other western countries) to establish a restaurant.
However, this is closures across the board and not happening in a vacuum. There are other factors
Where?
@@mikemondano3624
Restaurants are a naturously fickle business as a general rule, from what I have seen from a few sources. Ramesy and others mention it
"The National Restaurant Association estimates a 20% success rate for all restaurants. About 60% of restaurants fail in their first year of operation, and 80% fail within 5 years of opening."
IN ALL COUNTRIES
Right...its not as easy as it seems
What is the old joke? How do you become a millionaire restaurateur? Start with two million!
Dude. You went ahead with opening a business when you shouldn't. Dude.
That's China's mentality for you.
Sometimes people just have to make their own Mistakes. They see others do stuff and thinks they can do it too. Without understanding how those people actual do it. I have a cousin like that. She can’t be told not to do something. She needs to experience it for herself. Then she would come back and say hey you were right.
@@tamara_diamonds422 Yes.But what an expensive mistake.
Like for real. He needed a broski like you when he was thinking about opening a restaurant. Dude, for real bro ?! You tripping homie.
Fun facdt Chinese out here are NOT in fact very smart with math and business
Chinese Americans are polar opposite to Chinese natives...
This is very normal in actions
No surprise he didn't know the economic situation with the CCP only allowing positives to be talked about...
YOU GOTTA UNDERSTAND CHYNA #theskydontlie
Just like the US 🤷♂️ no country will broadcast negative news about their economy as it creates fear of uncertainty causing bank runs, migration, zero spending etc 🤷♂️
You'd think just walking around the area you're going to service you'd notice something
@@TaintedStaff acting like The US isn’t the same 🤷♂️
@@bGzzzzz America's inflation and homelessness problems are discussed all over the media. Most Americans know about the economic situation (which is still in far better shape than China). Do you have something other than whataboutism?
Micro meals for macro prices only in a highly optimistic economy.
Patriotism of Xinnie PorkPooh #slopaganda #misery #cmilkforpresident
- With stimulus and measures, China's debt will be at 400% to 500% of its GDP in the next decade, according to Reuters.
-Chinese 🇨🇳 property Ponzi sector, which accounts for 30% of GDP, is crashing
-Tofu Exports and Western imports, accounting for 37% GDP, are down.
-Foreign investment is falling over 90% compared to it's peak in 2018.
-Foreign visitors are down 96% compared to the pre-pandemic level in 2019 with less than 200 americans left.
-Consumer prices are experiencing hyperstagdeflation.
-Youth unemployment hits over 21% (in reality 50%+ after eliminating faked numbers), a record.
-It's fast shrinking workforce is 10 years old than neighboring countries.
- During the years 1990-2021, the US printed 6.5 time more money while China printed 147 times.
- It has printed more money than the US and Japan combined, while it's economy is only half of them.
- Current Chinese debt-to-gdp is already highest in the world, at 300%, according to Bloomberg.
- This is a macroeconomic nightmare created by the party going way back in 1994 when they took the Tofu money off the international exchange. Now in 2024, the banks and the average little pink have no idea what is the ACTUAL value of anything within the country. Any stimulus from the Central state. will be meaningless and ineffectual because the Central Bank is a part of the Party. Thereby merging both fiscal Central and monetary private policies into one ongoing disaster. Local province officials were doing stimulus spending for decades in tandem of the "Economic Miracle" which will undermine any Central stimulus during an actual depression/recession or more accurately.. HYPERSTAGDEFLATIONARY NIGHTMARE.
-- in the future house prices will drop to 10%, youth unemployment will be over 70%+ without streams, and middle class people over 35 will all be laid off.
How will you do in a country where real estate companies, local governments, and banks across China have crashed or fled? That is your challenge for the future (will you own a trash house with the mortgage?). Pensions will be laundered and your daily pay will be 1-2 dollars while you drink Poop Water and eat gasoline cooking oil while the Party and Porkpooh eat Tegong Special food supplies.
Mengze harvard daughter: lives in US brother: australian green card daughter in law: british green card sister: canadian citizen brother in law: canadian citizen second sister: australian green card second brother in law: australian green card
Arctic Catfish Shenzhen: laughs at how Leeks feed her
WOW SO GOOD AWESOME Organ Leeks #sloprosperity #theskydontlie
No one in china has money for luxury food restaurants
Or the US, either. Americans work to make the rich richer.
only the foreigners who either worked or visited, theyre all gone and not coming back
@@jasonmusic9938China is a great nation , do not worry about Chinese.
@@杨晓渡-j7lPathetic bot
Well, the political elites aren't affected.
Seriously, that first restaurant owner. Is he just incapable of doing some research before spending all that money? That is just pure incompetence. The restaurant business is one of the most competitive in the world, and most restaurants shut down. He didn't do any research at all? Let alone in an economic downturn. What a complete waste of money. Must have very rich parents.
The thing is. These restaurants really did serve Michelin tires to eat.
Not even Michelin - they were knockoff tires that were 25% soy product... so, the tires met CCP standards for "food".
The largest wealth transfer in human history...
😓
From private business to government
@@Al-yu6bq Then from government to private individual
@@Al-yu6bq Naw, government revenue is not ripping higher. Maybe the mix of wealth changes a bit (percent), but no one is making money.
@@HKim0072 thats because all the money has been made already, and belongs to a small group of families
everyone else just has debt
@@paulbarclay4114 Still not a wealth transfer.
A transfer implies the Chinese public had a ton of money. They never have.
None of those meals looked appetising, just pretentious.
They are Michelin stars!
Luxury restaurants in tough economic times is a loosing venture! Pretentious food is the first luxury to go.
How do you make a million in the restaurant business? Start with 10 million.
Dunno
@@iwurisufudhd967 Go on, then.
D ko nga alam lol
The food is small and the price is big that always leads to failure
Some people have to learn the hard way.
What is the easy way, being a civil servant?
@@Al-yu6bq
Yeah, until the government starts going broke and cuts your salary or lays you off
@@Al-yu6bqNo. doing your research and study. Checking the economic data and impact. Talking to restaurant owners to see how they are staying up float. China is on the verge of a collapse, wrong time to open a restaurant. He saw other people doing it and figured he can do it too , he was warned not to do it. And still did it. No one else to blame but himself
@Al-yu6bq following politics would be a starter as taxes can make you or break you. Studying economics, specifically your market. Talk to other businesses owners, studying the tax laws. Also studying the location and for added bonus, human psychology.
@Itouchangels MUCH easier said than done I think.
The site talks like its surprise that “even Michelin star” restaurants are closing… in any downturn economy, the high-end restaurants are the first to suffer losses and close. Everyone is trying to save money and you can see the downfall as the mid range restaurants shutdown
Before opening a high end restaurant, try selling something affordable, from a food stall!
Where did he see others making a fortune? Based on this channel, pretty much every restaurant opening in the past 2 years seems to fail within a few months.
Pre-COVID/Post-COVID are like economic Day versus economic Night.
In China negative news coverage isn't allowed. All they see and hear from the media is how great the economy is. Without a VPN you can't access the outside world so most don't realize the entire country is broke. They think everyone else is doing good and they're the only ones struggling. People are to embarrassed to talk to their friends and families about how hard they're struggling.
CCP Propaganda said otherwise 🤣
@@liselottehildegarde5367this is propaganda as well. Not lies persay ... Just meant to get us to feel a certain way.... If I were to guess I would say that this propaganda is produced by China in hopes and effort that we will underestimate their military might.
I think it's so extremely important to not underestimate China ever never ever ever ever ever ever ever underestimate desperate desperate desperate desperate grab hags!!! But seriously stay vigilant. And thank you for letting me share.
Try to open a 5 star restaurant with not enough fund to stay open for more than 3 months and have no reputation or establish name is a disaster in the making. Most 5 star own the property and have established their brand first. And heck no idea if they are in a good location and if they don't have 3 other 5 star next door.
It's like opening a Video tape rental shop TODAY, you missed the opportunity to make money by at least a decade.
Opening a restaurant is ALWAYS risky business in ANY country and today is not the right time (in MANY countries btw) to open a high profile expensive restaurant.
Btw the restaurants that ARE still profitable aim at younger people with simpler/cheaper food and have low costs by hiring students.
Awful analogy. Eating will never be outdated lol. The reason the restaurants are failing is because the economy’s crashing.
@Silks- except in a pandemic as well, but I agree with you
@@SamWilkinsonn The restaurant business has always been hard to break into, even in the US. With the amount of competition and strict guidelines to meet, along with offering a competitive work environment to hire skilled staff, only like a third of restaurants make it longer than a year.
@@dashikashi4734 The same here in the Netherlands, luckily I'm not in that line of work because I see a lot of restaurants failing. Unless you really know what you're doing it's best to AVOID going into the restaurant business. Costs, legal/hygienic and food prices are high and the customer base is very uncertain.
I mean if you think about it :
Restaurants and dining is guaranteed to be the most saturated market possible with the stiffness competition.
It doesn't matter how good your food it ( unless you can ride some kind of trend or cultural phenomenon )
The competition is already the stiffest possible industry because people stick with what they know they like and remain true to old habits.
So you MUST break into the younger market where malleable minds are not stuck in old ruts,
Further, this market has been saturated near since the dawn of time (might as well be ) because restaurants are still around today from centuries ago with long line held family businesses that are successful and remain successful off the strength of their recipes and long held customer base that "keep it in the family".
It's kind of hard to suddenly open 1000 extra restaurants and have the market sustain them :
UNLESS it is fast, cheap food that is cornering the market and shoving out the small mom and pop diners.... and honestly even here if you ask yourself what the silver/golden bullet was ‽
It is capturing the imagination of the youth through advertisement on fresh and popular forms of media.
You can't just set up a restaurant because you think "oh I am a pretty good chef"
Ot
"Oh this relative os a great chef people will love their food as much as I do"
Or
"I will hire an amazing chef who males may palate tingle/ blah, blah, blah".
It is not a market for anyone to easily break into. Best bets are partnering with hotels, airports, near university campuses, etc. Etc. Etc.
The only way to truly succeed is to not need to capture an audience because you already have a captive audience by the very nature of your location.
Reminds me of this one famous entrepreneur/resturauntier who was doing okay in running his own little business empire.
And then one day a friend asked him to come help him with something at an airport one day.
🎼🎵🎶🎵🎼 "He saw the sign, and it opened it up his eyes. He saw the sign" ! 🎼🎵🎶🎵🎼
He dropped all his businesses [ sold them ] liquidated all his assets, and immediately began trying to form relationships with airports.
🫷👌🤘👌🫸 Relationships formed / were already formed , but tenuous until he campaigned 🫷👌🤘👌🫸
He became wildly successful and fabulously wealthy and is still in that same market today.
Notice all those weird no name, off brand restaurants in airports ?¿?
Yes, that's him !
Captive audience is the only surefire way, and even that can't be guaranteed and is just a massive boost to rhe probability of success!!!
We watch enough of these videos an there is to much adulterated food in this country. You don't know what you are eating or drinking.
Because they want MORE food for less money, not LESS food for MORE money
5:47 idk bout you guys, but if i served that huge plate but with only small amount food in the center i'd feel scammed lol
It's usually a 10+ course meal. But yeah, you'll probably feel hungry afterwards. Different type of meal. Although some high end restaurants are a bit different.
If anyone want to enter the market to do business. First they must survey n do reserch in the business they are interested in. Blindly charging in is like jumping into a river W/O knowing the undercurrent.👈😁😁
True, the CCP have locked off that information from the people I bet.
Except CCP will disappear you for gathering economic information you spy.
Gift from CCP
That's funny.
McDonald's still open 😂 the new Chinese fine dinning 🍽 = the Big Mac 🍔 😂
How do you become a Michelin starred eatery in less than a year?
Bribery
You buy it or lie about it
this is not really a chinese problem. In america most new restaurants buisness dont survive their first year. And most of everyone take a lost.
That is a global problem. They usually fail in the first 2 years. The problem in China is the CCP only plays positive news. Chinese are trying to start businesses in a economy that only exists on TV. They don't know how dire the economic situation is because the CCP doesn't allow news that paints a negative picture.
if anyone has watched Kitchen Nightmares they will know that. I bet they had not even worked in a restaurant before.
China is unique in the sense that there has been a massive decrease in consumer spending after decades of hyper-growth.
Fancy fine dining or mom and pop, they all use that under ground tallow the country is infamous for
Gutter oil?
Tallow is another word for oil incase if you didn’t know.
@@mah7961 I thought tallow was the stuff you find inside bones?
You mean bone marrow.?
Tallow is more on the lines of animal oils like fats or mainly lard.
And they’ve been using cooking oil shipped in crude oil truck all these years.
IS that the bank's money or their own money? That's alot of money to throw into a business....
So trendy! Give me barbecue, and keep the high-dollar celebrity food.
get a cashback at ccp
It's so hard to make a profit opening a new restaurant. In the first year expect losses, so you'll need money to pay for workers, lease of property and food.
High end restaurants closing down affect exactly what percentage of diners?
That's not the point...
The original SNL did a great sketch, with John Belushi, about a store in an old shopping mall that was failing. The store sold only adhesive tape, all kinds. No recording tape (remember that stuff). The owner refused to believe he hadn't made any money in weeks, and would soon loose his store.
It's funny, sad, and true.
Cheeseburger cheeseburger, more cow bell
Are these people that are starting these businesses not looking around and seeing everyone else struggle?
They believe there are unlimited ATMs around. 🤗
All of those portion sizes are very small. For such a high price it's no wonder Chinese people decide to spend their money elsewhere.
Why the fck you open a restaurant if you don't know anything about the restaurant business? They just wanted easy money, they went bankrupt in a few months, a story old as time.
noone work in sweat factory in china can afford this restaurant
Trying to transfer a failing business in a shitty economy is wild.
are there more restaurants than people in china?
What!? Do you know how insanely many people live in China?
Just about. 900 million restaurant? 😮ha.
98% of new restaurants fail within two years of opening, and of that 50% fail within 6-12 months of opening.
" its raw... it's farting raw ! " if Gordon Ramsay is in China.
@7:04 Didn't he star is Despicable Me??? 🤔
A reminder to all foodie
Old parents often say, "Willful waste brings woeful wants." Xi Jinping urges everyone to stop wasting food and to take home what they can't eat. Initially, he was ridiculed on Chinese social media, but now, perspectives are shifting, and many may regret the waste they once ignored. I make it a point to bring home what I can't finish because food is precious to both rich and poor.
Yes yes, don’t touch her!😂😂
I don't get the Chinese economy.
In this videos I keep seeing the economy falling down and then I heard they also spend like 120 million on a new released mmo
That's cheap for MMO development.
@@1stCallipostle I meant players already spend 120 million over the first three weeks of the game is live
Only a few are closing, there are thousands of them still running and there are plenty of millionaires and billionaires in Shanghai and Beijing.
Is your channel financed in part or in whole by USA NED?
I’ve had the misfortune of eating (on someone else’s expense account) at some of these stupid Michelin restaurants in NYC (my hometown which I moved away from ASAP).
#1. Everything takes forever. Wine choices are pushed “for the table” at a 400% markup. Same with water. They won’t serve table water, they want you to buy PA (where I now live) or upstate tap water for $27.50 for 750ml bottle.
Anyway, picture the tiny appetizer served on a Giant plate with the food portion just enough for a 4 year old girl to still be hungry. Whisked away to be presented with an even Bigger plate with one butterflied shrimp majestically resting on a pool of “who cares” with 5 string bean’s artfully wrapped in a circular curl of lemon rind. There are assorted “dots” of I don’t know what and since you only have the single shrimp, it’s not like you have the ability to remove it form the puddle and wipe it around the little dots!!
No starch. Order and pay for the privilege of $0.50 in potato for $17.50. Salad? Huge bowl with 2.3 ounces of greens on the bottom of this bowl while some pretentious waiter (they always hire waiters) stands ready with the pepper mill.
Obligatory staff with scrapers for the tablecloth, but there isn’t enough food to create any crumbs!
You are obviously still hungry, dessert? Sure! I’ll take the 3 flavors of restaurant made ice cream. I believe the scoop is the same one I use when making chocolate chip cookies.
Bill for 4? $1285.
Sorry! I just have to laugh. Spending that much money and hitting the fried chicken place on the way home is just ridiculous!
When gen z is trying to open a restaurant lolll😂 ofc they cannot stand even a year!
I enjoy watching the restaurant videos from Japan. People just working hard with fair prices and good quality food. And, get supported by their community.
Branding and community seem to mean nothing in CCP China.
They should have converted it to a ghost kitchen.
Everything is going online, its hard to reach consumers who also dont have money thanks to the economy and inflation to get them to buy from stores (including online if you understand how poor being poor is)
There should be a "deflation and price cuts" at the same time to the philippines to be permenantly in any malls,groceries,markets etc. 😁☺👍🏻✨!
People crying on internet are the wors
China's has to be the country with the most deserted establishments in the world. Restaurants, hotels, condominiums, malls, etc. All empty.
Too pretentious. Im 29, earn $120k, no debt, single, and have a net worth of $150k so far. Id only spend over $100/meal max 3 times a year and only during special occasions. Else im trying to find food value healthier meals or mostly cook at home. I dont like paying huge mark-ups.
Where can I get that Gutter oil Hotpot ?😮
Winnie flu
Winnie flu
Winnie flu
CLAM MAN! CLAM MAN!!
@@sleepinglaffey3886 hahahaha
I never understand "High End Food", it just seems Grand -Standing Snobbery, i eat to stay alive, not to brag about what i ate and how much it cost!
This usually happens when you copy other restaurants or just copy what foods are "fad" today. Good thing they invested a lot, may this be a hard lesson for them. 👍🏼
But only Carinderia and any low end restaurants with low prices of meals will be permenantly remain in it from which it would be good even for in the philippines to be occured😁😊✨!
continue the great work idol
I love karrrrrrma 😊
most of the world has declining populations , and the global economies are not good , so spending is down , inflation and interest rates are high so will take 2027 to ease
The addition "and more" must be the most thoughtless AND meaningless addition that I know. As an expression it gets added by content makers when they, after having started summing up a list of qualities, characteristics, or aspects of the subject at hand, have come to the point where they do not ACTUALLY know any more worthwhile things to say. It is a lot worse to add that 'and more' than just to leave it at the concrete (number of) things you mentioned. Nobody ever EXPECTS you to come up with an ever-ongoing, exhaustive list of whatever specific type of thing it is that could be mentioned about what- or whomever it is that gets bespoken. Mentioning just two or three things that deserve to be mentioned is fine, nobody expects more. Nobody expects there to be more, and nobody expects more from you in that regard! Adding 'and more' whilst you don't mention anything further and do not even seem able to give as much as a hint as what that more would be, is like asking your audience to tell YOU instead of the other way around. In that regard it is the equivalent of admitting you wouldn't be able to tell anything more (cause if you could have, you would have), bit are not satisfied with the (quantity of) things you DID make an effort of mentioning (even though your audience hardly ever would even experience it that way, it is as if you are signaling to them that it is actually so that you fall short of your own expectations) but despite making all this clear in a cryptical manner of sorts at the same time are not willing to admit defeat. To sum it up in one line, with the vague addition 'and more' the listener-viewers are TOLD that 'this limited summing-up of exceptional things just doesn't do, and I will say this to you in a way that makes it sound like I am the one who is to blame (for this, or erm, well anyway, for something) even if you didn't think so and never would have come to that idea!' Ugh. I have spoken. Exhaustively, probably. Blame me for taking up this mucho of your patience. I promise, I will say no more.
Do you guys have the version without any English dub over it?
If I wanted to start a restaurant in China, I’d have opted for a little street cart, selling skewers or desserts. Just a small cart. You start small and gain customers. Sure you’ll have a chance of failing and the profits will be small at first. But then if things go south, you’ll only lose your street cart. Always go for the lower risk option. Don’t sink your family’s inheritance into an unproven business idea.
The thing is, those items are dirt cheap in China. But your cost of ingredients can still be pretty massive. So in order to compete with other street carts, you might resort to using gutter oil and fake meat...
Canton 8 is still open
The great leap backwards
Patriotism of Xinnie PorkPooh #slopaganda #misery #cmilkforpresident
- With stimulus and measures, China's debt will be at 400% to 500% of its GDP in the next decade, according to Reuters.
-Chinese 🇨🇳 property Ponzi sector, which accounts for 30% of GDP, is crashing
-Tofu Exports and Western imports, accounting for 37% GDP, are down.
-Foreign investment is falling over 90% compared to it's peak in 2018.
-Foreign visitors are down 96% compared to the pre-pandemic level in 2019 with less than 200 americans left.
-Consumer prices are experiencing hyperstagdeflation.
-Youth unemployment hits over 21% (in reality 50%+ after eliminating faked numbers), a record.
-It's fast shrinking workforce is 10 years old than neighboring countries.
- During the years 1990-2021, the US printed 6.5 time more money while China printed 147 times.
- It has printed more money than the US and Japan combined, while it's economy is only half of them.
- Current Chinese debt-to-gdp is already highest in the world, at 300%, according to Bloomberg.
- This is a macroeconomic nightmare created by the party going way back in 1994 when they took the Tofu money off the international exchange. Now in 2024, the banks and the average little pink have no idea what is the ACTUAL value of anything within the country. Any stimulus from the Central state. will be meaningless and ineffectual because the Central Bank is a part of the Party. Thereby merging both fiscal Central and monetary private policies into one ongoing disaster. Local province officials were doing stimulus spending for decades in tandem of the "Economic Miracle" which will undermine any Central stimulus during an actual depression/recession or more accurately.. HYPERSTAGDEFLATIONARY NIGHTMARE.
-- in the future house prices will drop to 10%, youth unemployment will be over 70%+ without streams, and middle class people over 35 will all be laid off.
How will you do in a country where real estate companies, local governments, and banks across China have crashed or fled? That is your challenge for the future (will you own a trash house with the mortgage?). Pensions will be laundered and your daily pay will be 1-2 dollars while you drink Poop Water and eat gasoline cooking oil while the Party and Porkpooh eat Tegong Special food supplies.
Mengze harvard daughter: lives in US brother: australian green card daughter in law: british green card sister: canadian citizen brother in law: canadian citizen second sister: australian green card second brother in law: australian green card
Arctic Catfish Shenzhen: laughs at how Leeks feed her
WOW SO GOOD AWESOME Organ Leeks #sloprosperity #theskydontlie😊
Is it normal to have english text in chinese businesses?
It I recognised as the world language so yeah?
Economy recession or correction in play and it's not permanent
nothing looks Michelin worthy in this video.
Tic Tic Tic
LOL "especially for women" yeah, and men are made of rock.
One fact is, no matter where you go running business in food industry is very hard. Long hours in restaurants is normal. Most restaurants fail eventually. Even in the US.
United States:
First Year: Approximately 17-30% of restaurants fail within the first year. While older studies often cited a higher failure rate, more recent and comprehensive analyses suggest that around 17% of independently owned restaurants close in their first year
Second Year: About 19% of restaurants that survive the first year fail in the second year
Third Year: Approximately 14% of restaurants that make it through the second year will fail by the end of the third year
Overall, this means that the cumulative failure rate over the first three years is around 50-60%.
China:
While specific yearly statistics similar to those in the US are less commonly reported, the failure rates in China tend to be high due to intense market competition and differing business practices. Generally, it is estimated that:
First Year: Around 40% of new restaurants fail within the first year
Three Years: Up to 70% may close within the first three years
You should have explained to the layperson what a “Michelin starred” restaurant is. Many won't know, unless they're wealthy enough to eat at them.
Michelin tire company has a rating for the best restaurants for the elite class, and they publish a list.
This report is 'tough to chew'...Hee-hee-hee.
You tried.
Just like in America
Whoever eats at a restaurant rated by a damn tire company needs to have their mentality put in check
Shame
OOOOOOOOOOOF!
Meanwhile PF Changs and Panada Express are doing record business in America 😂
I’m in China now, touring ancestral province, and I didn’t know it was this bad
doing business, with chinese characteristics.
Why would Japan do this?
80% of Restaurants fail in first year.
Doubt the rent was 25k usd a month
that is not a small shop.
First story: So what? No matter what he does in life with his current approach he will fail. Not a China issue.
Second story: How many story lines in TV restaurant rescue series like Ramsay's Kitchen Nightmares are this exact inexperienced, incompetent operators scenario? Not a China issue.
Not if the clossure number and newly open restaurant are off the scale. Iam sure your weenie brain cant process that kind of information and what it mean
These people need some financial literacy classes
Where they can't just copy the answers off of others.
Lol
🦍🦝🎉😮
Lolpwnt
GOOD😂
Hahahaha
the best food in the world is from mexico
Japanese food's pretty good too, and North Indian/Nepalese
It really isn't the best food in the world, it's edible though at least
@@Judged-Dread i guess you are chinese lolzzzz
Michelin ? 😂
"Homogenous" is not a real word no matter how many times you say it.
homogenous
/həˈmɑdʒɪnəs/
adjective
(biology) Having the same genetic structure; exhibiting homogeny
(proscribed) Alternative form of homogeneous.