McDonald's Plots Major Expansion In China
NEW YORK — McDonald's plans to add 150 to 200 restaurants in China, part of its plan to increase its investment in China by 40 percent next year.
The news was first reported by the Wall Street Journal.
Half of the new stores will be drive-through outlets.
The world's largest burger chain also plans to remodel 80 percent of its stores in China in by 2013 and offer new health-conscious menu items this year.
China has been a strong region for the company, which is based in Oak Brook, Ill. Third-quarter revenue in its restaurants there that have been open at least one year rose 12.7 percent. That compares to 5.3 percent growth in the U.S.
McDonald's Corp. operates 32,000 restaurants in about 100 countries, including about 1,100 in China.