McDonald’s sells off over 2,000 outlets in China, HK
 
            Pre-reading questions: How often do you eat burgers? Do you like McDonald’s? Do you visit other foreign fast food chains in your area?   McDonald’s has handed 80% of its operations worth $2.1 billion to Citic group and Carlyle group. The two firms will take over 2,000 McDonald’s outlets in China and Hongkong. Under the new partnership, Citic takes a 52% stake while Carlyle handles 28% of the share. The American fast food chain keeps the remaining portion of 20%. This step is in line with the company’s goal to add more outlets in China, Hongkong and South Korea in the next 5 years.Yum brands, the owner of KFC…
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