China’s Bakery Sector Doomed: Leading Stock to Delist, Bread Over $2 Unsold
China’s Bakery Sector Doomed: Leading Stock to Delist, Bread Over $2 Unsold
Udumbara
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Amid China’s economic downturn this year, numerous internet-famous bakery brands have collapsed. Also, many traditional bakeries are also struggling under immense pressure to survive. One notable example is Christine, known as the leading brand in baking, which is now at risk of being delisted from the Hong Kong Stock Exchange. The entire baking industry is trapped in a vicious cycle of low-price competition and intense internal rivalry.
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