Quite an Appetite

Just in case there was any doubt left in anyone's mind as to the economic impact that China is having on the world's economy, we have this article which was issued a few days ago by Xinhua, China's official news agency (I suspect there are few if any unofficial news agencies in China).

The article notes that China now has more franchises than any other country in the world (some 120,000 plus of them).  That's a pretty impressive number for a country that has really only opened itself up to the kind of investment required to establish international franchises a decade or so ago.

We've all been reading about and seeing evidence of Chinese economy's voracious appetite for steel, concrete, electronics and cars.  It looks as though the appetite of the Chinese people for fried chicken, hamburgers, and cleaning services is just as voracious.