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Walkers passes by a South Beauty restaurant in North China's Tianjin municipality on Dec 1, 2012. [Photo / Asianewsphoto]
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BEIJING - The Chinese catering sector grew only 9 percent year on year last year under thegovernment's frugality campaign, the lowest level in 21 years, according to an industry report onSaturday.
High-end dining businesses even reported a drop in revenue, rarely seen in recent years, saidthe China Cuisine Association in a report.
The report showed restaurants across the nation earned a total of 2.54 trillion yuan ($420 billion)in 2013, with the upmarket catering sector suffering big losses.
Under the circumstances, high-end restaurants are seeking a transition to please mass tastes byoffering breakfast, promoting group meals and introducing fair-priced dishes, said the report.
The frugality drive is part of efforts of the Communist Party of China to reject extravagance andbureaucracy and fight corruption.
The tourism and luxury goods markets have also seen a decrease in tours at public expense andshrinking sales of expensive liquor and cigarettes.