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BEIJING Connor McDavid Oilers Jersey , April 30 (Xinhua) -- Major U.S. restaurant chains are paying their price of expanding excessively, as sales data shows that the supply of restaurants seems to surpass demand, the Washington Post reported Friday.


Chipotle Cam Talbot Oilers Jersey , a famous burrito giant, is among the chains that aggressively expanded last year. Even with a food contamination scandal, Chipotle opened 240 locations last fiscal year Boyd Gordon Oilers Jersey , and had opened 57 more in the first quarter of this year.


The report pointed out that restaurant visits declined slightly in 2016, following a 1-percent yearly growth before, according to market research firm NPD Group.


Chains like Chipotle wanted to seize the moment when consumers wished to dine out more often Bill Ranford Oilers Jersey , but they fail to notice a key problem of the industry: the supply of restaurants already appears to exceed demand.


Traffic figures collected from some 22,000 restaurants showed a 3.6 percent decline in the first quarter, following a decline that began last year.


Meanwhile Benoit Pouliot Oilers Jersey , some big-name chains are already making moves to pull back their business. Subway, which has some 27,000 locations Ben Scrivens Oilers Jersey , closed hundreds of stores in 2016. McDonald's closed about 200 stores in two years, reporting 14,155 locations in 2016.


So why do consumers dine out less? One of the possible reasons might just be it makes more financial sense. Prices of food at home dropped 1.3 percent in 2016 -- the first decline since 1967 -- while restaurant prices rose 2.6 percent Andrew Ference Oilers Jersey , according to U.S. Agricultural Department.


Weekly choices of Xinhua photos (April 24 - April 30)


Undersea tunnel of HK-Zhuhai-Macao Bridge to be joined together


Trump's first 100 days in office marked in Pennsylvania


30th summit focuses on promoting ASEAN as model for regional integration, global player


Models present creations at Vietnam Int'l Fashion Week


South Koreans, religious figures protest against THAAD in Seoul


Aerial views of overpasses in north China's Tianjin


Night view of downtown Hangzhou in east China's Zhejiang




HANOI, Dec. 28 (Xinhua) -- Vietnam's gross domestic product (GDP) is expected to expand 6.21 percent year-on-year in 2016 and fail to meet the set target of 6.7 percent, said the General Statistics Office (GSO) head Nguyen Bich Lam on Wednesday.


Lam made the remark at a press conference held in Vietnam's capital Hanoi on Wednesday.


Accordingly, the GDP growth hit 5.48 percent in the first quarter, 5.78 percent in the second quarter, 6.56 percent in the third and 6.68 percent in the fourth quarter of this year.


The GSO chief said this year's GDP growth stays lower than that of 6.68 percent in 2015 and the set target of 6.7 percent.


However, amid unfavorable conditions of the world economy, decreasing global price and trade as well as domestic difficulties in terms of weather and marine environment, the 6.21-percent GDP growth is "a success, affirming the correctness, promptness of measures and solutions issued by the government," said Lam.


Among the 6.21-percent growth of the entire economy, the agro-forestry-fishery is forecast to hike 1.36 percent, the lowest rise since 2011, contributing 0.22 percentage points to the GDP growth.


The construction and industry sector is likely to grow 7.57 percent, lower than that of 9.64 percent of last year, while the services go up 6.98 percent, contributing 2.59 percentage points and 2.67 percentage points to Vietnamese economic growth in 2016, respectively.


Explaining the slight increase of agro-forestry-fishery sector, the GSO said in 2016, the country saw difficulties resulting from climate change and weather extremes including cold spell, drought, saline intrusion, marine environmental incident and flooding.


In late 2015, Vietnam's National Assembly (NA) targeted the country's GDP expansion at 6.7 percent in 2016.

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