Now that China is planning to ease its COVID-19 restrictions, many companies in the U.S. also stand to gain. Among them is Starbucks (NASDAQ:SBUX), which was hurting from persistent lockdowns. Starbucks is still in the nascent stages of expansion in China and expects to operate 9,000 stores across China by 2025. The company aims to achieve this by opening one store every nine hours in the country for the next three years. Even now, Starbucks has significant exposure in China currently, with more than 6,000 stores in the country. China’s zero-COVID policy has been heavily impacting the company’s international revenues and other metrics.
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Starbucks (NASDAQ:SBUX)
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