Financial Times FT.com

McDonald’s takes a knife to China expansion

By Jonathan Birchall in New York

Published: April 22 2009 16:11 | Last updated: April 22 2009 18:37

McDonald’s is cutting back its expansion plans in China as sales in the country fall, reflecting the slowdown in the export-focused economy.

The world’s largest fast-food company, which has just opened its 1,000th store in China, said it now expected to open 150 new restaurants in the country this year, down from a planned 175, after a quarter in which weak sales there contrasted with robust demand in all of its major markets, except Germany.

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