McDonald's to Further Expand in China

Beijing McDonald's Corp. intends to open 175 locations in China in 2009. The company opened its 1,000th store in China on Friday in the southern province of Guangdong.

The openings of 175 more locations will 10,000 restaurant jobs and 1,200 manager positions. McDonald’s, which has more than 31,000 restaurants in more than 100 countries, posted a quarterly profit that beat Wall Street estimates, helped by a 7% jump in global sales.