Market Chatter: McDonald's Expands to All Provinces in China After Opening Four New Branches

MT Newswires Live12-22 16:06

McDonald's has made a footprint in all of China's provinces after the opening of its first restaurants in the Ningxia Hui Autonomous Region and Qinghai Province this weekend, Xinhua News Agency reported Sunday.

The global fast food chain opened three restaurants in Ningxia's capital, Yinchuan, and one branch in Xining, Qinghai province, China, the report said.

McDonald's first penetrated the mainland Chinese market in 1990, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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