Will China’s co-ops and state-owned canteens kill KFC and Mcdonald's Chinese market prospects?

Kentucky Fried Chicken and McDonald's are the earliest American fast-food chains that entered China. Retail giants Walmart and Costco, France's Carrefour, and Germany's Metro Group are also popular retail outlets in China. However, these foreign brands should reevaluate their Chinese market strategy. Beijing is rolling out new policies after the Party Congress that will reduce their competitiveness in the Chinese market. As the CCP pushes for state-owned co-ops and public canteens, the Chinese market prospect for foreign brands does not look optimistic.

Sign up for my emails: https://leisrealtalk.com/
Donation: https://donorbox.org/support-lei-s-real-talk-support-lei
Ideas/Suggestions: [email protected]

******************
We discuss world economy, history, and politics. Our main focus is U.S.-China relations. We make short videos and tell you the hidden stories.
******************
References:

https://www.yicaiglobal.com/news/metro-shoots-down-rumor-that-german-retailer-will-exit-china-soon
http://www.gov.cn/gongbao/content/2009/content_1471702.htm
https://www.chinanews.com.cn/m/gn/2020/10-17/9315102.shtml
https://www.sohu.com/a/604138921_121106869
http://www.chinacoop.gov.cn/HTML/2010/01/25/39595.html

******************
🔔 Subscribe for updates: https://www.youtube.com/c/LeisRealTalk​​​
******************
🔵 Make sure to share this video with your friends!
Follow us on our Website: https://leisrealtalk.com/​​​​​​
Follow us on Twitter: https://twitter.com/LeisRealTalk​​​​​​​​
Follow us on Facebook: https://www.facebook.com/leisrealtalk​​​
******************
MORE VIDEOS:

State-owned enterprises and China’s economic plan after the 20th Party Congress
https://youtu.be/NsjgtpCVjHk

A Chinese Navy officer tells how China steals military technology & copies Russian weapons
https://youtu.be/EBGtSDlxEjo

2 reasons why Warren Buffet may divest from China’s EV market entirely
https://youtu.be/oBG0mfytVjE

Why are Chinese talking about a “sand wave” amid the chip war and CHIPS act
https://youtu.be/UBOI0LBjy-w

The West's costly China misconceptions (1): When in China, do as the Chinese do
https://youtu.be/nbEUxezFmc8

The West’s costly China misconceptions (2): Don’t criticize China, Chinese people or the CCP
https://youtu.be/PnNgGo1VJw8

******************
OUR PLAYLISTS:

China vs USA
https://youtube.com/playlist?list=PL98Y1OoA0uGtDvlyEQ231z5PJLs7snLuO

Chinese military & Taiwan Strait Crisis
https://youtube.com/playlist?list=PL98Y1OoA0uGu8WVZj7g6u_px_RpEkG860

Lei's live stream, Q&A
https://youtube.com/playlist?list=PL98Y1OoA0uGtg8RRtgyOb-mmN9HNLz501

Sports, Entertainment & Politics
https://youtube.com/playlist?list=PL98Y1OoA0uGt_zAVI54lLhhL856BmfNZB

The Chinese Economy
https://youtube.com/playlist?list=PL98Y1OoA0uGuTBnYVwm9E6ox9JfuKq7La

Chinese politics, military & Taiwan Strait
https://youtube.com/playlist?list=PL98Y1OoA0uGvu8EipiunU_uNcys0Hd6lb

CCP politics & factional wars
https://youtube.com/playlist?list=PL98Y1OoA0uGvu8EipiunU_uNcys0Hd6lb

The CCP history, communism & West's misconception
https://youtube.com/playlist?list=PL98Y1OoA0uGs6zlt9WucXpycJIq00SQ8U

American politics, society and people
https://youtube.com/playlist?list=PL98Y1OoA0uGucIaJJbZu5iZY6Myk1frea

International relations & Geopolitics
https://youtube.com/playlist?list=PL98Y1OoA0uGvB4t7rwpt1KG6ey-Bpx9pL

China, Chinese society & People
https://youtube.com/playlist?list=PL98Y1OoA0uGuulXrksi9OPb01FHp3DsYe

Wall Street, Financial Markets & Investments
https://youtube.com/playlist?list=PL98Y1OoA0uGslyrjGWNOaZ3Y_g1Bh5uTL

Media, Consumer Brands & Market
https://youtube.com/playlist?list=PL98Y1OoA0uGvcRGZsVQbSjxXRJHgEQ9I_

Semiconductor & High-tech
https://youtube.com/playlist?list=PL98Y1OoA0uGtWv2FxpVCZzlXu6EJ47GeS

Chinese Population and labor Market
https://youtube.com/playlist?list=PL98Y1OoA0uGviHfTIliMHeR3WTTgZn5Wt

Lei's Favorites
https://youtube.com/playlist?list=PL98Y1OoA0uGtu0QnHKwoT-iXD-wWxIfal
********************
#Chineseeconomy #Chineseconsumers #Chinaplannedeconomy