China Daily reports that McDonald's has been ramping up to expand in China. With KFC as its largest competitor (1,000 units), McDonald's intends to increase its presence in China by 400 units by 2008. McDonald's now has just over 600 units in China.
Because China recently made strides to open its borders to franchisors (without requiring corporate partnerships with Chinese companies), more franchise companies have focused their expansion plans on the Far East.
Posted by franchiselawblog at January 13, 2005 03:25 PM