Post Citic & Carlyle deal, McDonald's to set up more stores in China by 2022

Post Citic & Carlyle deal, McDonald's to set up more stores in China by 2022

Birds fly past a sign of 24-hour McDonald's restaurant at sunrise in Hong Kong, China November 11, 2015. REUTERS/TYRONE SIU

McDonald’s Corp said it would almost double the number of stores in mainland China by 2022, slightly more than was expected, as part of its strategic partnership with state-backed conglomerate CITIC Ltd and Carlyle Group.

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