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What a Chinese crackdown on corruption meant for Beijing’s high-end restaurant market

  • Written by Rui Du, Assistant Professor of Economics, Oklahoma State University
What a Chinese crackdown on corruption meant for Beijing’s high-end restaurant marketHigh-end restaurants in Beijing saw a drop-off in customers after a corruption crackdown.ullstein bild/Getty Images

Corruption crackdowns are bad for businesses that thrive on their proximity to political power centers. In fact, they can change the physical layout of an entire industry.

That is what my colleagues and I found when we looked at the...

Read more: What a Chinese crackdown on corruption meant for Beijing’s high-end restaurant market

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