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Exploring the Mainstreet of San Nicolas
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December 29, 2023
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Aruba’s ONLY English newspaper
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U.S. companies are picky about investing in China.
The exceptions? Burgers and lattes
By AAMER MADHANI, PAUL WISEMAN and
ELAINE KURTENBACH
Associated Press
WASHINGTON (AP) — There’s been no
shortage of tough news for China’s
economy as some of the world’s biggest
brands consider or take action to shift
manufacturing to friendlier shores at a
time of unease about security controls,
protectionism and wobbly relations be-
tween Beijing and Washington.
Count Adidas, Apple and Samsung among
those looking elsewhere.
But as a tumultuous 2023 for the Chinese
economy comes to a close, there has
been at least one bright spot for Beijing
when it comes to foreign investment:
American fast-food chains have decided
a market of 1.4 billion people is simply
too delicious to pass up.
KFC China’s parent company opened its
10,000th restaurant in China this month
and aims to have stores within reach of
half of China’s population by 2026. Mc-
Donald’s is planning to open 3,500 new
stores in China over the next four years.
A man carries his take way McDonald’s foods as people take order at a machine at a newly opened McDonald’s
Continued on Page 2 restaurant on Sunday, Dec. 24, 2023.
Associated Press