Despite all the negative news about foreign businesses in China recently, McDonald’s shows it’s moving full steam ahead into the China market. From the Wall Street Journal:
McDonald’s outlined its ambitious China plans at a time when relations between foreign businesses and Beijing are souring, with a growing number of Western companies complaining of a deteriorating operating environment in the country.
McDonald’s, which has about 1,100 outlets in China expects to boost that number to a total of 2,000 by the end of 2013, said Tim Fenton, the company’s president of Asia Pacific, Middle East and Africa, in an interview.
The company opened just under 150 outlets in the country last year, and expects to open 150 to 175 outlets in China this year, Mr. Fenton said.
“China is our fastest-growing [market] from the income standpoint and from the revenue standpoint,” he said.
Read also about the opening of a McDonald’s “Hamburger University” in Shanghai.
