Why even the rich don't want to spend after the pandemic
People in China want value for money and are rethinking the ‘I don't care what it costs’ approach, says restaurateur Michelle Garnaut. But they are also craving human contact.
Michelle Garnaut: "There are human needs you can’t deal with on Zoom."
Michelle Garnaut is the Australian-born, Hong Kong-based owner of Shanghai’s M on the Bund and Glam restaurants. She has owned restaurants in Beijing and Hong Kong and is also the organiser of literary festivals in Shanghai and Beijing, as well as the Shanghai International Chamber Music Competition.
She spoke with The Australian Financial Review China correspondent Michael Smith.
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