Advances in Economics, Management and Political Sciences
- The Open Access Proceedings Series for Conferences
Proceedings of the 2nd International Conference on Business and Policy Studies
Series Vol. 9 , 13 September 2023
Open
Access | Article
Analysis of the Current Situation of China's Catering Industry under the Background of Covid 19
* Author to whom correspondence should be addressed.
Abstract
Under the attack from Covid-19, there has been a significant drop in Chinese catering industry. This article carefully studied the impact of COVID-19 on China's food business by applying data and literature analysis, in order to properly deal with the shock of COVID-19 and its following effects, as well as to support the stable and healthy growth of the food industry. The new Covid-19 virus has caused a lot of trauma to the Chinese catering industry, causing China's total catering revenue fell below 4 trillion yuan. But at the same time, some companies persisted and even performed better. The aim of this research is to find the reasons for why those companies had operating issues, and find solutions to resolve the problems. Data from different authorized sources is analyzed to find the trend of the changes. Opinions from published articles are also considered and evaluated. As the result of the study, it is concluded that the impact of the new Covid-19 virus on the Chinese catering industry is undoubtedly a big one, but as long as companies have reasonable countermeasures, they can survive the difficulties safely, and even improve the original level. With the development of the epidemic, these enterprises will become more and more mature. Based on this result, the Chinese catering industry should encourage more innovation and technology improvement to survive under such conditions.
Keywords
Covid-19, Chinese catering industry, risks, solution, innovation
References
1. "Seeking Truth" published an article signed by Ning Jizhe: How to comprehensively and dialectically view the economic situation in the first quarter,2020-05-01, http://www.stats.gov.cn/ztjc/zthd/lhfw/2021/lh_hgjj/202102/t20210219_1813621.html
2. Deloitte China and Chinese Cuisine Association,The financial and operational impact of the novel coronavirus outbreak on China's catering industry Impact Research Report, 2020
3. Zhang Min, Statistician, Department of Trade and Foreign Economic Relations, National Bureau of Statistics,Interpretation of the total retail sales of consumer goods in November https://mp.weixin.qq.com/s?__biz=MjM5Njg5MjAwMg==&mid=2651356321&idx=4&sn=18ea22f0c72bc7d742a3376906df9c9b&scene=0
4. Ding Renzhong, Li Yu, Li Biao. A comparative study on the development of catering in China and Japan, Journal of Chifeng University (PHILOSOPHY AND SOCIAL SCIENCES EDITION) , 2019(040)008
5. iiMedia Research Center for New Retail Industry, 2022 Research Report on the Development Trend of China's Prepared Vegetable Industry, 2022, https://www.iimedia.cn/c400/83927.html
6. China Hotel Association, 2020 CHINA RESTAURANT INDUSTRY SURVEY REPORT, 2020.9, http://www.d-long.com/eWebEditor/uploadfile/2020102316043264674049.pdf
Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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- Volume Title
- Proceedings of the 2nd International Conference on Business and Policy Studies
- ISBN (Print)
- 978-1-915371-45-4
- ISBN (Online)
- 978-1-915371-46-1
- Published Date
- 13 September 2023
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/9/20230373
- Copyright
- 13 September 2023
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited