"We will not withdraw!".U.S. Catering Expands Business in China."On December 30, the German media reported on the optimism of the American catering industry about China's huge market.
Last month, with the opening of a new KFC, KFC reportedly exceeded 10,000 stores in ChinaMcDonald's plans to open 3,500 new stores in China over the next four yearsStarbucks invests 2The $200 million production and distribution facility is Starbucks' largest investment outside the United States.
According to Fortune magazine, as tensions between China and its Western partners rise, while some multinationals are trying to shift their investments to other regions such as Southeast Asia or India, the U.S. restaurant industry believes that the market of 1.4 billion people is "too delicious to be missed".
On November 28, 2023, at the China International Exhibition Center in Shunyi, Beijing, visitors visited the Starbucks booth in the Healthy Life Chain Exhibition Area of the Chain Expo. Picture from ic photo
According to the US media, hamburgers and lattes will not cause friction in Sino-US relations like more high-tech industries. Both former Trump and current Biden in the United States are concerned about dependence on China, and the need for critical materials used in many of China's high-tech products, which they see as a "potential adversary." However, Biden said they don't want to see the world's two largest economies completely decoupled.
At a recent event in Washington, U.S. Ambassador to China Nicholas Burns tried to emphasize that this was "de-risking" rather than "decoupling." "We want to continue to maintain an important ** and investment relationship with China, just don't ......In the field that could help them surpass our military technology sometime in the next 10 years. He said.
However, Levy, who served as a White House economic adviser to George W. Bush, asked a question: "What is the bottom line of the United States?"One might say: to procure sensitive computer chips, you have to ...... where I really trustAt the other extreme: we can sell them lattes and burgers. But something in between, such as auto parts, is in the **?What about ball bearings?”
In response to the US side's insistence on introducing investment restrictions on China, the Chinese side has expressed strong dissatisfaction and resolute opposition to it, and lodged solemn representations with the US side. The spokesperson of the Ministry of Commerce previously stressed that China reserves the right to take measures. It is hoped that the US side will respect the law of the market economy and the principle of fair competition, refrain from artificially obstructing global economic and trade exchanges and cooperation, and refrain from erecting obstacles to the resumption of world economic growth.
The spokesperson also said that China urges the US side to earnestly fulfill Biden's commitment that he has no intention of "decoupling" from China and obstructing China's economic development, stop politicizing, instrumentalizing and turning economic, trade and technological issues into a reality, immediately revoke erroneous decisions, lift restrictions on investment in China, and create a good environment for China-US economic and trade cooperation. China will pay close attention to relevant developments and resolutely safeguard its own rights and interests.
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