Starbucks aiming to accelerate expansion in China

Starbucks plans to accelerate its expansion in China, shrugging off concerns about a slowdown in the coffee chain’s second-largest market behind the US and a potential further depreciation of the yuan.

The company plans to add 500 new stores up to the end of next September, up from 450 new outlets the previous year.

China is Starbucks’ fastest-growing market.