Starbucks sells more coffee in China than in the USA - analyst

Sales figures show that $5 Starbucks coffee seems to have replaced China's love of tea.

With 1.3 new Starbucks stores opening in China every day, by 2021, there will be over 5000 Starbucks outlets across the country.

On the other hand, Europe showed a 1% drop in Starbucks sales and the USA showed just a 3% increase in sales.

South Africa currently has only three Starbucks outlets.

Speaking to Kieno Kammies on Cape Talk's BRICS report, Dr Martyn Davis, MD Emerging Markets and Africa, Deloitte Frontier Advisory, explains the basic reasons for the boom in the Chinese economy over the last three decades.

Much of China's accelerated high-growth phenomenon of the last 30 years has been because of a reduction of a centrally-planned economy shifting towards a market-oriented economy, he says.

40 years ago everyone was working for government or state enterprises; now over 80% of workers in China are working for the private sector. In South Africa, one in three workers work for government directly or indirectly - in China, 80% of workers are in the private sector.

Dr Martyn Davis, MD Emerging Markets and Africa, Deloitte Frontier Advisory

Take a listen to today's Brics report:

702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Big supermarkets to be policed on food hygiene standards

Big supermarkets to be policed on food hygiene standards

JP Smith, Mayco member for Safety and Security, explains some of the measures in place to ensure food hygiene in big supermarkets.

Food labelling requirements for home industries explained

Food labelling requirements for home industries explained

This follows a concerned that home industries are now required to put nutritional facts on their products.

WC Health Dept responds to Diphtheria outbreak

WC Health Dept responds to Diphtheria outbreak

Dr John Sonnenberg voiced his concern that communication in the Helderberg area following the outbreak could have happened sooner.

Minimum wage to cause job opportunity loss - UCT Social Science Research Centre

Minimum wage to cause job opportunity loss - UCT Social Science Research Centre

SA's R20 per hour minimum wage may mean we will lose out on low-skill manufacturing jobs that are soon to leave China.

Taste Holdings (owner of Domino’s and Starbucks in SA) earnings down sharply

Taste Holdings (owner of Domino’s and Starbucks in SA) earnings down sharply

The Money Show’s Bruce Whitfield interviews Taste Holdings CEO Carl Gonzaga.

Starbucks, Burger King, Walmart… It’s only the beginning

Starbucks, Burger King, Walmart… It’s only the beginning

A surge into our market by massive, multi-national brands are challenging SA retailers who must face up to the consequences.

Popular articles
It's not the end of the road... Top tips to improve your matric

It's not the end of the road... Top tips to improve your matric

"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.

Pamela Nomvete on her downfalls as actress, and 'climbing back'

Pamela Nomvete on her downfalls as actress, and 'climbing back'

This week Xolani Gwala's speaks to former Generations actor Pamela Nomvete for #WhatInTheWorldHappenedTo feature.

Who is Advocate Tembeka Ngcukaitobi?

Who is Advocate Tembeka Ngcukaitobi?

The EFF lawyer stole the show during the state capture report court battle.

Meet the founder of Capitec Bank, named ‘Best Bank on Earth and Cheapest in SA’

Meet the founder of Capitec Bank, named ‘Best Bank on Earth and Cheapest in SA’

Michiel le Roux speaks about the fascinating story behind the little bank that has the Big 4 shaking in their boots.

Best way to get richer (especially if you’re between ages 20 and 45)

Best way to get richer (especially if you’re between ages 20 and 45)

Still young(ish)? Consider the single best thing you can do to increase your wealth by much more than the inflation rate.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?

5 ways the NSFAS funding model will change in 2017

5 ways the NSFAS funding model will change in 2017

The National Student Financial Aid Scheme (NSFAS) will pilot a new funding model in 2017. NSFAS chairperson Sizwe Nxasana explains.