Published: 13:37, February 7, 2024 | Updated: 13:48, February 7, 2024
McDonald's seeks to expand in lower-tier cities in China
By Xinhua

In this undated file photo consumers try wireless mobile phone charging by riding spin bikes to generate electricity at the McDonald's zero carbon restaurant in the Shougang Park in Beijing, China. (PROVIDED TO CHINA DAILY)

BEIJING — Global fast food chain McDonald's seeks to continue its expansion and plans to open 1,000 restaurants in China in 2024, according to Bloomberg News.

That will account for nearly two-thirds of the new restaurants McDonald's plans to open across all markets outside the United States.

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McDonald's CEO Chris Kempczinski was quoted as saying that the company would "do what we need to do to maintain our competitiveness in that market."

The company has a goal of having more than 10,000 restaurants in China by the end of 2028, said the report.