The Impacts of COVID-19 on China’s Food-Service Industry

Abstract

As a worldwide disaster, the COVID-19 challenges every aspect of China's economy. Although the situation has got controlled in China currently, it seems that it is still hard for people and companies to recover back to the normal. Since China's food-service industry suffered a huge loss during the pandemic, this paper analyzes how COVID-19 impacts food-service enterprises by analyzing consumer behaviors and conducting case study of Haidilao hot pot from three dimensions: profits, supply-chain and cash flow. This study also offers suggestions based on how Haidilao reacts to the impact. The insight analysis of this case can provide references to other enterprises of food-service industry.

Digital Service Trade and High Quality Development of China's Manufacturing Industry: Mechanism and Path—from the Perspective of Chain Multiple Mesomeric Effect

“…Firstly, digital service trade integrates resource elements through digital network platforms to improve the efficiency of manufacturing resource allocation. Relying on the digital service trade of the digital platform, it can promote the new generation of information technology to gradually penetrate into the production process of the manufacturing industry, efficiently and transparently screen a large amount of data in the manufacturing production process, accurately distribute various production factors to all stages of the manufacturing production process, break the limitations of asset specificity, and produce incremental benefits without boundary restrictions (Zhang Keer, 2021 [18] ). Secondly, digital service trade is forcing the transformation and upgrading of the manufacturing industry by restructuring the industry competition model.…”