Friday, November 30, 2001
KFC earns $250m from China a year
BEIJING
AMERICAN fast food giant Kentucky Fried Chicken earned at least two billion yuan (about $250 million) from the Chinese mainland annually since the end of 1999, the state statistical bureau says.
Tricon Global Restaurants said that it has opened over 520 KFC chain stores in 130 cities in China. And over 99 per cent of KFC stores in China have made a handsome profit, president of Tricon in China, J Samuel Su said.
In fact, western fast food restaurants now control a considerable market share in China.
In addition to KFC, other leading western fast food companies including McDonald's and Pizza Hut have also won the favour of Chinese diners, especially young people, Xinhua news agency reported.
The high standards in food preparation lie behind the real success of these western chains in China, experts here believe. ( PTI )
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