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Latiao: The spicy Chinese snack winning fans worldwide_我的网站

一 |     (ECNS) -- One unexpected Chinese streetfood snack is gathering a huge global following right now.    Known as latiao, these chewy wheatbased strips carry a unique mix of spicy and sweet flavors. AFP reported, the snack is now exported to more than 160 countries worldwide, citing from an industry insider.    On social media platforms like TikTok and Instagram, overseas creators are sharing their firsttime tasting videos. Many viewers say they find its bold flavor surprisingly addictive fueling the grassroots #Chinamaxxing trend sweeping social media.    What makes this story so interesting is that latiao started out as an inexpensive local snack.    More often than not, these small everyday food items, rather than grand landmarks, create the most sincere and accessible cultural connections between cultures.                    。    Colombo, Oct 20 (UNI) The prevailing economic crisis could deal a severe blow to many Sri Lankan business sectors if it deepens or drags for a prolonged period, Fitch Ratings said in remarks published on Thursday.
This is because runaway inflation, elevated interest rates and import restrictions have already pressured their revenues, margins, profits and cash flows, the Daily Mirror quoted Fitch Ratings as saying.
In a brief commentary on the implications the economic crisis would have on Sri Lanka’s listed companies, the rating agency identified consumer goods retail, power generation and home building among the most affected sectors from a prolonged crisis.
While some businesses did not feel the full effects of the crisis as they managed to grow their top and bottom lines and their margins in the second quarter ended in June 2022, Fitch said they would not be able to replicate the same results in the coming quarters as price hikes could come at the cost of further decline in revenues.
The September earnings season, which kicked off this week, would provide analysts and investors the opportunity to assess how these companies representing wider industries have fared on the back of continued rise in costs across the supply chains as well as of their borrowings, it said.
The Sri Lankan economy is projected to be in continuous decline in 2022 and 2023, shedding 9.2 per cent and 4.2 per cent, respectively, according to the World Bank estimates.
“Significant cost inflation affecting demand and profitability, import restrictions disrupting operations and high interest rates are key risks faced by domestic corporations in the next 12-18 months,” Fitch Ratings said.
If these conditions persist in the said time horizon, worsening the economic conditions, Fitch estimates around 50 per cent of its rated issuers to see rating pressure.
UNI MR。

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Published on:06:33:59