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Crab industry squeezed by corruption campaign  

2014-10-16 11:24:42|  分类: 默认分类 |  标签: |举报 |字号 订阅

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China's gourmet crab industry has become the latest victim of the authorities' crackdown on corruption, following high-end spirits and luxury cars.

The arrival of freshwater "hairy crabs" - a delicacy named for the bristles on the claws - on the market every autumn is eagerly awaited.

But the crabs have lost some of their appeal as anti-graft and austerity campaigns launched by the top leadership show little sign of abating.

China is hailed as the world's largest luxury market, but the corruption crackdown is having unintended consequences across many industries.

Management consultancy Bain & Co predicted on Tuesday that luxury spending in China will fall by 2 percent this year due to greater controls.

Banqueting fare such as crabs and expensive liquor are off the menu, while the number of luxury goods presented as gifts - but typically used for bribes - has plunged.


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