Neither the epidemic nor trade tensions can stop US companies from entering the Chinese market
The relationship between China and the United States is at its lowest point in decades, and the 2019 coronavirus (Covid-19) pandemic has already disturbed consumers worldwide. But no matter what, American companies and brands are still increasing their investment in China.
To understand the reason, just look at the long queue of hundreds of people in the center of Shanghai. Many of them disregarded the recommendations of the social estrangement against epidemic prevention, only to buy chicken sandwiches from Popeyes Louisiana Kitchen.
Popeyes ’first store in China opened in Shanghai on Friday, the latest American brand to enter the Chinese market. The company plans to open 1,500 stores in China.