McDonald’s to add 1,000 restaurants in China

McDonald’s aims to have 3,500 restaurants by 2020 in China, up from 2,200 now, Chief Executive Steve Easterbrook said in an interview with The Wall Street Journal.

The expansion plans came after McDonald’s announcement last year that it was closing 350 restaurants in China, Japan and the US.

The fast food restaurant chain wants to add more than 1,500 restaurants in China, Hong Kong and South Korea.

McDonald’s is the largest fast food chain in the world, with locations in about 120 countries. McDonald’s menu prices are very competitive, starting from $1 a piece for its value menu.