‘McNuggetisation’ is coming for the Chinese diet
The story of the modern Chinese diet is one of scarcity, boom and bust
MANY of the older generation still have memories of desperate penury under Mao Zedong, when history’s greatest famine left tens of millions dead, and tens of millions more surviving on tree bark, leaves and vermin.
Those born in the 1970s and 1980s have a more triumphant tale to tell. In 1990, the first McDonald’s restaurant opened in Shenzhen, across the border from Hong Kong. At about the same time, China became the world’s biggest consumer of meat, buoyed by rising incomes and the efficiency unleashed by allowing private enterprise into farming.
By 2020, the country was consuming half of the world’s pork and a third of all seafood, while Kweichow Moutai – whose baijiu firewater is synonymous with conspicuous consumption at banquets – overtook Coca-Cola to become the world’s biggest beverage company.
TRENDING NOW
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
CDL, Hong Realty outbid 3 other bidders with S$542.4 million offer at S$1,865 psf ppr for Peck Hay plot
Evergrande’s liquidation prompts some PwC partners to shield assets, contemplate divorce
Private equity giant Carlyle can grow bigger but needs to stay on its toes: co-founder David Rubenstein