HONG KONG -- Yum China, the country's biggest fast-food operator, reported record earnings for the second quarter but said it was forced to rely on discounts and other promotions to boost sales as consumption overall weakened.
Food & Beverage
Yum China flags weak consumption despite record quarter
Fast-food chain relies on discounts to woo 'very value cautious' customers
Yum China headquarters in Shanghai. CEO Joey Wat said the company is trying to loosen people's purse strings. © EPA/Jiji
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