McDonald’s sells off over 2,000 outlets in China, HK
Pre-reading questions: What is your favorite fast food restaurant? Do you like burgers and fries? McDonald’s lets Chinese businessmen control 80% of its business. China’s Citic group and US’s Carlyle group will manage 2,000 McDonald’s outlets in China and Hongkong. After five years, the food company will add more restaurants in China, Hongkong, and South Korea. McDonald’s competitor in Asia, Yum Brands, is also coming up with new business strategies. Yum Brands is the owner of KFC and Pizza Hut. Both McDonald’s and Yum brands are trying to solve food safety problems in Asia, specifically, China. Vocabulary: businessmen – [noun] people in business especially as owners or…
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