Business

McDonald’s to double restaurants in China

interns Contributor

U.S. fast-food giant McDonald’s Corp. plans to nearly double its presence in the world’s fastest developing economy over the next few years, senior officials from the company said Tuesday after they launched the first McDonald’s Hamburger University in China.

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.

Full story: McDonald’s to Double Restaurants in China