McDonald’s Is Loving It in Asia
     
 
 
 
 
Make that a Big Mac, fries, and a quart of motor oil, please. If executives at McDonald’s (MCD) and China Petroleum & Chemical Corp. (SNP), better known as Sinopec, get their way, mainland consumers may be able to fill up their cars and their stomachs in the years ahead thanks to a long-term alliance clinched last year to combine fast-food outlets with gas stations.
In mid-January, McDonald’s opened up its first drive-through restaurant at a site owned by Sinopec outside of Beijing as part of the tieup the world’s biggest restaurant operator hopes will power its expansion in China. McDonald’s already has about 785 outlets up and running in China, and plans to have 1,000 restaurants selling its fabled brand of American food by the 2008 Beijing Olympics. – Excerpt from businessweek.com.
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