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Low-Priced Food Has Swept China; 5-Yuan Dumplings Are a Hit, but This Hides a High Attrition Rate.
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15 dumplings for 5 yuan, a bowl of noodles for 4 yuan – prices in first-tier cities are reminiscent of the 1990s! Following the viral success of the "5-yuan dumplings, 4-yuan noodles" restaurant in Guangzhou, a nationwide craze for low-priced meals has emerged, with dishes like 6-yuan chicken leg rice and 5-yuan oil-splashed noodles appearing one after another. But can these businesses really make money selling such cheap food? In fact, many who…
·New York, United States
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