McDonald’s Corp., the world’s largest restaurant chain, may add as many as 200 outlets in China next year to compete with Yum! Brands Inc.’s KFC Corp. in an economy that grew 9.6 percent last quarter.
McDonald’s plans to increase investment in China by 40 percent next year and open 175-200 restaurants in the world’s fastest-growing major economy, the company said in a statement distributed in Beijing today. That compares with a 25 percent increase in investment this year and the opening of a company record 165 restaurants, according to the statement.