Walmart may be closing many US stores, but Starbucks is opening 500 new coffee shops in China every year for the next 5 years. Starbucks currently has 2000 shops located in 100 Chinese cities serving Green Tea Lattes, Iced Shaken Blackcurrant Raspberry Juiced Tea, Mango Passion Fruit and Tea Blended Juice Drink, and Red Bean Green Tea Cheesecake. A latte costs about $6.
More:
“1 U.S. brand booming in China, in spite of economic woes,” Shuai Zhang, CBS News
“China’s Changing Tastes Offer Upside for Coffee,” Laurie Burkitt, Wall Street Journal
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