This is a China news story, published by CNBC, that relates primarily to Christopher Kempczinski news.
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Chinese economyCNBC
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90% Informative
Starbucks reported China same-store sales dropped by 14% in the quarter ended June 30 , far steeper than the 2% decline in the U.S. "Consumer sentiment in China is quite weak," McDonald 's chairman, CEO and director Christopher Kempczinski said.
McDonald's said sales for its international developmental licensed markets segment declined 1.3% from a year ago .
Starbucks reported China same-store sales dropped by 14% in the quarter ended June 30 .
Luckin Coffee , whose drinks can cost half the price of one at Starbucks , reported a 20.9% drop in sales.
Canada Goose reported Greater China sales grew by 12.3% to 21.9 million Canadian dollars ( $15.8 million ).
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