As China's growth slows, CEO of Burger King's parent focuses on the long-term opportunities

📆 5/15/2019 10:44 PM
📰 CNBC

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As Restaurant Brands International aims to surpass 40,000 stores in the next eight to 10 years, some of its new stores will be in China, which is seeing its economy slow down.

As China's economy slows, Restaurant Brands International is taking a long-term approach to growing its brands there.

Restaurant Brands International CEO Jose Cil speaks during a television interview on the floor of the New York Stock Exchange.CEO Jose Cil said that the company is taking a long-term perspective on growing its brands in the country. Chinese consumers' appetite for burgers, coffee and fried chicken make the country an attractive market for the Toronto-based company, particularly as its sales growth in other markets declines. But the Chinese economy is slowing, and escalations in the trade war over the last week between China and the United States could mean a worse slowdown than expected.

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