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Hong Kong’s restaurant industry in dire straits as more residents opt for Shenzhen eateries
More than 2,000 restaurants have shut in the city over the past year amid slow economic recovery from the Covid-19 pandemic
Hong Kong’s restaurants have been facing challenges on several fronts, as many long-time and recently established businesses have been forced to close. Industry experts say the Covid-19 pandemic’s economic fallout has pushed many Hong Kong residents to be more conservative about their expenses. A growing number of them are travelling north to mainland China, where dining and entertainment options are much more affordable than they are in Hong Kong.
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