The state has put forward a policy of reducing luxury consumption, and there is great competition pressure. Qingdao Liangyou is a high-grade catering enterprise established in Qingdao in 1997. The reasons for the closure are as follows:

1. First of all, in recent years, under the background of the "killing luxury" policy advocated by the state to reduce luxury consumption, the middle and high-end catering enterprises in the island city suffered from Waterloo, and their income dropped by nearly 31%.

2. In addition to policy reasons, the high-end catering enterprises clustered and expanded many years ago, and the homogenization competition intensified, which is also one of the reasons for the depression of the high-end catering industry today.