McDonald's to Expand in China

McDonald's said it plans to grow its presence in China by 40% next year, opening 200 new stores in the country over the next three years.

The Golden Arches said its investment will include opening new restaurants and updating existing stores. Among the new store openings, about half will be drive-through locations, McDonald's said.
McDonald's shares were flat in early-afternoon trading Wednesday, trading around $77.10.

McDonald's currently operates more than 1,200 restaurants in China. Restaurant sector peers Starbucks (SBUX_) and Yum! Brands (YUM_) have also recently discussed growth of their brands in the emerging market.

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- Posted: 2010-12-15 13:17:40

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