date:Sep 29, 2012
KFC has revealed plans to accelerate its expansion across Chinas smaller cities, and has pledged to open over 500 new restaurants per year over the coming yearsa 20% increase over the current rate.
Mark Chu, president and COO of Yum Brands China division, which is behind the countrys largest foreign fast-food chain, was reported by the China Daily as saying: In addition to the first- and second-tier cities, there is broad scope for development in the fourth- and fifth-tier cities.
Earlier this