Part 11/15:
A vivid example is the shrinking food street in Guangong, once bustling with activity, now eerily quiet. Takeaway restaurants in areas like Guangshi City have shut down en masse, with 20+ outlets closing overnight—mainly due to plummeting demand and unsustainable business models.
Smaller operators report that most catering businesses have failed, with 90% of restaurants shutting down, and many struggling to cover operational costs like rent and wages. The industry’s contraction has led to a recycling boom in restaurant equipment, as closures increase across cities.