7 years ago
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McDonald's gives up control of its China business in $2 billion deal
McDonald's is selling off most of its China business to a massive Chinese financial firm and a U.S. private equity giant.
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http://money.cnn.com
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"Both big U.S. fast food companies had suffered in China in recent years after food safety scandals. McDonald's and Yum (YUM) reported improving results at their Chinese businesses last year until they were hit by anti-U.S. protests in July. "
If Trump wants to go after something meaningful with China...market protectionism is the big one. That and direct sales from China via the internet.