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SHANGHAI Ronald Jones II Black Jersey , Aug. 8 (Xinhua) -- McDonald's plans to increase the number of its restaurants from 2,500 to 4 Vita Vea Black Jersey ,500 in the Chinese mainland over the next five years.
The company aims for double-digit sales growth in each of the next five years, according to a company statement Tuesday.
China's third- and fourth-tier cities will be the focus of the expansion. The company expects that 45 percent of its China restaurants to be located in those cities by the end of 2020.
The company also announced the completion of a strategic partnership with CITIC Limited Authentic Jordan Whitehead Jersey , CITIC Capital Partners and The Carlyle Group, creating the largest McDonald's franchise outside the United States.
The partnership will operate and manage McDonald's businesses in the Chinese mainland and Hong Kong.
"China will soon become our largest market outside the United States. We are excited to join forces with CITIC and Carlyle for better localized decision-making to meet changing customer demands in this dynamic market Authentic Alex Cappa Jersey ," Steve Easterbrook, Mcdonald's president and CEO Authentic Ali Marpet Jersey , said in the statement.
SEOUL， Oct. 13 (Xinhua) -- South Korea's central bank on Thursday lowered its 2017 economic growth outlook by 0.1 percentage point to 2.8 percent after freezing interest rates at a record low.
Bank of Korea (BOK) Governor Lee Ju-yeol told a press conference after the regular rate-setting meeting that the bank's growth outlook for next year was downgraded to 2.8 percent from 2.9 percent forecast three months earlier.
Outlook for this year's growth was unchanged at 2.7 percent. The bank expected consumer prices to rise 1.0 percent this year and 1.9 percent next year each.
The BOK's 2017 growth outlook of 2.8 percent is still high compared with figures estimated by public and private economic think tanks.
The state-run Korea Development Institute (KDI) set its growth forecast for next year at 2.7 percent， with Hyundai Research Institute and LG Economic Research Institute predicting their outlooks at 2.5 percent and 2.2 percent respectively.
Governor Lee said the downward revision was made to reflect long-term structural problems and short-term risk factors facing the South Korean economy.
Lee cited growing uncertainties from Brexit， or British referendum to leave the European Union (EU)， and the expected interest rate hike in the United States as major external risk factors.
The ongoing restructuring in shipbuilding and shipping lines was cited as key risk factors in the domestic front that would weaken sentiment among economic subjects.
Better search engine results Lynette Hockey
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