Shoppers walk by a Starbucks cafe at an outdoor shopping mall in Beijing on Saturday, Dec. 23, 2023. It was tumultuous 2023 for the Chinese economy. Some of the world's biggest brands said they were weighing, or already have decided, to shift manufacturing away from China amid unease about security controls, government protection of their Chinese rivals and Beijing's wobbly relations with Washington. But there was at least one bright spot for Beijing amid all the tough news about declining foreign investment: American fast food companies have announced a surge of investment in a market of 1.4 billion people. KFC, McDonald's and Starbucks are among companies in recent months that have announced plans for major investment in China.

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