McDonald's has invested ¥7 billion ($1 = ¥6.6) in China over the past 20 years and is planning to run 2,000 restaurants in the country by 2013, said Luan Jianghong, vice president of McDonald's China. The fast food giant has established 1,100 stores creating some 60,000 jobs across China, and purchased a total ¥15 billion of raw materials from local markets over the past five years, according to Luan. International fast food companies have helped boost China's agricultural capacity by bringing raw materials and technology which China had lacked in the past, according to experts. McDonald's Chinese suppliers exported ¥370 million worth of materials to its restaurants outside China.



You are currently reading words of total words in this article.
To continue reading this article, you must be a subscriber. Log in now..

Finish this article for free.
@2017 China Economy @ China Perspective.
All Right Reserved.
Server SSL Certificate