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Jollibee Foods Corp. (JFC) is keen on widening its footprint in China through fast food chain Yonghe King despite a recent slowdown as the world’s second-largest economy struggles with easing consumer spending.
Richard Shin, chief financial officer of the food industry giant, told reporters in a virtual briefing on Friday that the 3.7-percent same-store sales decline in its China business during the first quarter reflected the economic condition in that country.
