
McDonald's Plans Big Growth in China
NEW YORK (
) -- Fast-food chains are looking fgrowth wherever they can find it -- and for
McDonald's
(MCD) - Get Report
, that growth is in China.
On Friday, McDonald's announced that it plans to boost its capital investment in the country by 25% during the year,
Reuters
reported.
The company expects to open 150 to 175 new stores in China in 2010, according to
Reuters
.
McDonald's in China |
Burger King
(BKC)
is taking a different approach, experimenting with beer. The company will serve beer like Bud, Bud Light and Miller Light at its Whopper Bar in South Florida starting next month.
Starbucks
(SBUX) - Get Report
is selling microbrews and cheese at its 15th Avenue café in Seattle.
-- Reported by Jeanine Poggi in New York.
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