America is about to be hit by a 'tsunami' of authentic Chinese restaurants

Sean Dong for BI

The midtown Manhattan building where Jackie Kennedy, Elizabeth Taylor, and Truman Capote once dined, then the legendary French restaurant La Grenouille, is now a nondescript renovation site with wood, metal, and industrial-size garbage bins strewn about. The 60-year home of La Grenouille will soon be turned into the new American home of Quanjude, the most famous Peking duck restaurant brand in China. Quanjude, a publicly listed company controlled by a state-owned entity...