McDonald's seeks strategic partners for expansion

Fast food chain plans to open further 1,000 restaurants by 2020

McDonald's China is on the lookout for strategic investment partners in the main-land to help it open another 1,000 restaurants by 2020.

"We truly believe we can create strong and sustainable growth in the Chinese main-land, Hong Kong and South Korea, with a mindful introduction of strategic partners who can offer local expertise and competency, blended with the unrivaled global strength of the group, to allow accelerated, long-term growth," McDonald's President and CEO Steve Easterbrook said in an interview with China Daily in Beijing.