The average growth rate of global coffee consumption is two percent, which is close to market saturation, whereas coffee consumption in China is growing at an astonishing rate of 15 percent annually. According to data from the International Coffee Organization, the market size of China’s coffee industry will reach RMB 1 trillion in 2025. Its coffee market is entering a stage of rapid development, and new brands are constantly emerging.
On January 6, Chinese President Xi Jinping communicated his encouragement to Howard Schultz, chairman emeritus of Starbucks Corporation, expressing his wish for Starbucks to continue to play an active role in promoting Sino-U.S. economic and trade cooperation and the development of bilateral relations.
Coffee from Abroad
The Starbucks Index is an indicator that reflects one region’s economic vitality and investment environment. The more Starbucks stores there are in a place, the more dynamic its economy is. Since entering the Chinese market in 1999, Starbucks has opened 4,700 stores in nearly 190 cities. It is among the first international coffee brands to enter China and has served as a bridge for cultural integration.
In 1989, the American urban sociologist Ray Oldenburg proposed “the third place” in his book The Great Good Place: outside the home and office, the place where people want to spend a good time. This concept was developed by Schultz into the cornerstone of Starbucks culture. It was also quickly embraced by Chinese citizens, and a growing number of them are now accustomed to working and socializing in the café.
Affected by the epidemic, Starbucks’ business was facing some issues, so opening stores in China turned out to be a life-saver.
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A City with Vision for the Future
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Setting out on the Great Rejuvenation
THE centenary of the Communist Party of China (CPC) was marked by a grand gathering held on July 1 at Beijingâs Tianâanmen Square.
A Similar History Has United Us
â Interview with Carlos Miguel Pereira, Ambassador of Cuba to China
The CPC's 100 Years of âRoutine Miraclesâ
AT a grand ceremony commemorating the centenary of the founding of the Communist Party of China (CPC) at Beijingâs Tianâanmen Square on July 1, Xi Jinping, general secretary of the CPC Central Committee, solemnly declared the completion of building China into a moderately prosperous society in all respects, the countryâs first centenary goal.
An Open Xinjiang with Multi-Ethnic Beliefs
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Xinjiang in My Eyes
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Stability and Development Are the Strongest Evidences of Human Rights
OVER the past months hostile elements in certain Western countries have trumped-up charges against China concerning human rights in Xinjiang, spreading lies about âforced labor,â âgenocide,â and âreligious oppressionâ in the region.
BRI Nexus Promoting Multilateralism in a Post-Pandemic World
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Xinjiang's Cotton Industry Gets Smart
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