China's new thirst for coffee spurs cut-throat cafe competit

China's new thirst for coffee spurs cut-throat cafe competition, China News

SHANGHAI — Chinese coffee consumption is growing quickly, spurring cut-throat competition between local and foreign coffee chains that have opened thousands of branded shops in recent months and surpassed the number of coffee stores in the United States. Analysts expect China's growing thirst for coffee to be a key driver of future demand for the beans as coffee shops expand...

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