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US firms are picky about investing in China. The exceptions? Burgers, lattes

IndiaTimes Thursday, 28 December 2023
KFC China's parent company opened its 10,000th restaurant in China last month. McDonald's is planning to open 3,500 new stores in China over the next four years. And Starbucks invested $220 million in a manufacturing and distribution facility in eastern China. At their annual investors day gathering this month, McDonald's executives noted that 70 million of the 150 million customers active in its customer loyalty program are in China. KFC China says growth in its new outlets has averaged more than 22% over the last five years.
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