HONG KONG -- Yum China Holdings, the operator of KFC and Pizza Hut chains in the country, is promoting new kinds of shops focused on lower-priced food to cater to increasingly cost-conscious Chinese consumers.
Fast food operator posts record quarterly profit as it responds to market 'challenges'

A KFC outlet in Shanghai. Yum China Holdings, which operates the fried chicken chain in China, is increasingly targeting cost-conscious consumers. (Photo by Wataru Suzuki)
HONG KONG -- Yum China Holdings, the operator of KFC and Pizza Hut chains in the country, is promoting new kinds of shops focused on lower-priced food to cater to increasingly cost-conscious Chinese consumers.