McDonald’s Expands in China

McDonald’s plans to nearly double its amount of restaurants in China over the next five years. The company expects to have 4,500 restaurants in China by 2022, up from the current 2,500. As fewer people eat at US locations, the company is banking on China for sales. This announcement comes shortly after McDonald’s decided to sell its most of its China operations. There are currently some 37,000 McDonald’s restaurants worldwide and more than 14,000 in the US alone.