McDonalds to increase the number of restaurants in China

The American fastfood restaurant chain McDonalds is planning to increase the number of restaurants in China, and, it will be approximately doubled by 2021. At the moment, 2500 restaurants are operating. McDonalds concluded a partnership with China’s largest conglomerate CITIC Ltd and Carlyle Group investment fund to expand the business. The partnership will allow McDonalds to acquire the largest market beyond the US.

Within the last few weeks, McDonalds shares rose by 1.9% and is expected to raise even higher. The trade will be available during American session from 13:40 to 20:00 (GMT).

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