Expected fund shortage among restaurants due to coronavirus in China 2020

Published by Agne Blazyte, Feb 4, 2022
As of March 2020, around 95 percent of the surveyed catering enterprises in China had already experienced or expected a financial shortage in the next twelve months. The lack of cash flow was a reason for the financial shortfall. About 70 percent of the catering enterprises expected a year-on-year decrease of more than 70 percent in the first quarter of 2020.

Predicted risk of financial shortage in the next twelve months after coronavirus COVID-19 among catering enterprises in China as of March 2020

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Release date

March 2020

Region

China

Survey time period

February to March 2020

Special properties

among catering enterprises

Supplementary notes

The survey was conducted among respondents from 26 major cities and provinces. Among all respondents:
74 percent were private-owned, 11 percent were state-owned or state-funded, 5 percent were foreign or Hongkong-Macau-Taiwan funded, 10 percent were owned by other investors.
About 44 percent were sit-down restaurants, about 27 percent were fast-food.
About 58 percent had an annual income scale of fewer than 100 million yuan, 13 percent between 100 million and 250 million yuan, 16 percent more than one billion yuan.

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