Various costs rise A shortage of labor has become a common problem for the capital's restaurants.Walking along Guijie street in Beijing, which is renowned for its many Chinese restaurants, it is common to see recruitment notices for wait staff and chefs on the doors and windows of the restaurants. "(The salary of) 2,chanel sunglasses,500 yuan per month is not high,coach outlet," a woman of around 30 years old who was reading one of the advertisements, told the Global Times Monday.The woman, surnamed Wang, is from Xianyang,chanel bags, Northwest China's Shaanxi Province. She said some of her friends and relatives who came to Beijing two years ago to look for jobs had gone back to their hometowns due to the rising prices of consumer goods and the working pressure in Beijing.Wang said she will probably also leave Beijing in a few months,coach outlet store online, as her hometown has seen fast development in recent years and there are more job opportunities than before.Normally, rent and labor costs account for around 60 to 70 percent of the total gross profits of large restaurant companies that are listed on stock exchanges, Zhao Jingqiao, a catering expert with the Chinese Academy of Social Sciences (CASS), told the Global Times Tuesday. "Labor costs will increase nationwide in the future, not only in Beijing," Zhao noted.Restaurants also face rising prices of food ingredients and high taxes such as turnover tax, Bian Jiang, spokesman for the China Cuisine Association (CCA), told the Global Times Tuesday.A report from the CCA last Month showed that sales revenues at restaurants nationwide increased by 8.4 percent in the first two months year-on-year,toryburchmaindesign.com, 4.9 percentage points less than in the same period of last year. And the sales revenue of large restaurants - with annual sales of over 2 million yuan - dropped 3.3 percent in the same period year-on-year.
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Cairo has so far failed to agree a $4.8 billion loan deal with the International Monetary Fund and has sought help from energy producing countries in the region and beyond.
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