CHINA: WILL STARBUCKS SOMEDAY BE CUT DOWN TO THE TEA-BONE?

RACHEL OAKES WRITES – 2017 marked an important year for Starbucks in China–-but but not in the way the newspapers think. The Seattle based company has been plotting their move into China since before the start of the 21st century, and since 2012 has over quadrupled their number of store locations, with a new store opening in China every 15 hours. Starbucks “dominates China’s specialist coffee shop sector,” which is recorded as a $3.8 billion dollar industry. What is especially interesting is that four years ago, China had a primarily tea-drinking culture. The Chinese have grown tea for over...

Read More