Too many cooks; can China's Quanjude get its ducks in a row?
Article Abstract:
The China Beijing Quanjude Roast Duck Corp is the current version of a famed duck restaurant that was founded in 1864 and continued to operate under communist rule. Quanjude is profitable but is burdened with the problems of state ownership, uneven service and growing competition. The company has 50 affiliates across China with rights to the Quanjude name, most of which have poor service and other hallmarks of state ownership. Quanjude has opened a school for training chefs in Beijing and introduced an inspection system to help remedy these problems.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1996
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The reckoning begins
Article Abstract:
The arrest of Zhou Beifang and his father Guanwu's resignation have prompted anxiety and speculation among China-watchers and investors in 'red chips,' or mainland firms listed overseas. The Zhous were among the best-connected business leaders, with close ties to China's leader, Deng Xiaoping. The arrest, with no charges yet announced, could be a move by Vice-Premier Zhu Rongji to strengthen the so-called Shanghai Faction for a coming struggle, or an effort to discredit Capital Iron & Steel, which the Zhous headed.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1995
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Hey, big spender: Hong Kong restaurateur hopes for another feeding frenzy
Article Abstract:
China's two-year-old austerity program has crimped some businesses that thrived on free-wheeling spending, but could bring benefits in safety and stability. Restaurateur Patrick Yuen expanded into mainland China in 1993 and 1994, opening one restaurant each in Beijing, Guangzhou, and Changzhou. After a boom driven by deal-making that thrived in expensive venues, per- table revenue collapsed, closing the Guangzhou operation. Now Yuen and his backers are focusing on flexibility and postponing expansion until 1997.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1995
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