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The Business of Burgers in Beijing: What Fast Food Festivals Reveal About China's Economy
Mike Wester launched the first Burger Fest in Beijing 13 years ago as a scrappy response to the collapse of print ad revenue. Today, burger festivals run in third-tier cities across China, subsidized by local governments trying to drive foot traffic into half-empty malls. Hefei alone has four a year. In this episode, Jeremiah talks with Mike Wester, co-founder of True Run Media and publisher of the Beijinger, about how burgers became one of China's fastest-growing new cuisines, what the food festival boom reveals about Chinese commercial real estate, and why a generation raised on McDonald's…
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