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900 additional restaurants expected by 2013
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McDonald's Corp. plans to nearly double its presence in the Chinese market over the next few years, senior officials from the fast-food giant said at opening ceremonies for its new Hamburger University training site in Shanghai. McDonald's, which currently has about 1,100 outlets in China, expects to boost that number to a total of 2,000 by the end of 2013, Tim Fenton, the company's president of Asia Pacific, Middle East and Africa, told The Wall Street Journal. “China is our fastest-growing [market] from the income standpoint and from the revenue standpoint,” Fenton said.
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