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McDonald's is sticking with expansion plans and aims to have more than 10,000 stores in the country by 2028.

The decision by McDonald's to take greater control of its China business and expand aggressively in the face of a consumer slowdown and geopolitical tensions seems risky - but the potential pay-off is...

The decision by McDonald's to take greater control of its China business and expand aggressively in the face of a consumer slowdown and geopolitical tensions seems risky - but the potential pay-off is great, analysts say. Last month, the U.S.-based burger maker cut a deal to repurchase the 28% stake in its China business Carlyle Group took in 2017, giving it a 48% share in $6 billion worth of operations that include Hong Kong and Macau. One advantage for McDonald’s: its majority partner in the China business, CITIC, provides top-level political cover, said Jason Yu, greater China...

International Business News: McDonald's decision to take greater control of its China business and expand aggressively is seen as risky but potentially rewarding. Its majority par

Mcdonald S: McDonald's has used funds from the Carlyle investment to double its restaurant count since 2017 to 5,500, and the country has become its second-largest market. The business aims to have more than 10,000 stores in China by 2028. Competitors of McDonald's are also expanding their reach in China.