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John Trang

China: Slowing sales for fast food - 1 views

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    Apparently China is kind of being hit with a mini recession at the moment. This recession is affecting the fast food industries. In another article http://www.bloomberg.com/news/2012-10-23/china-s-stock-index-futures-decline-on-earnings-concerns.html most of China's top earning corporations has decrease in stock prices. One of China major corporation Volatility droped 22 percent in the markets today. Fast food sales growth in decrease to 6% from 19% last year.
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    The comparison of the two articles is really interesting. Especially since the linked article focuses primarily on the sales of US franchises in China. It would be interesting to compare whether equivalent Chinese 'fast food' chains are also suffering or whether these companies with such strong American associations may be suffering due to the tension in US-China relations.
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