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
Cape Town V&A Waterfront's 3-year plan to boot use of plastic bottles and bags

Cape Town V&A Waterfront's 3-year plan to boot use of plastic bottles and bags

The V&A Waterfront precinct has made a decision to ban all single-use plastic bottle and bags over the next three years.

'No court would uphold a state of emergency declared by Zuma'

'No court would uphold a state of emergency declared by Zuma'

Senior researcher, Judith February says the state of emergency draft regulations look like something out of the PW Botha playbook.

CoCT is hard at work to catch up on its water augmentation projects

CoCT is hard at work to catch up on its water augmentation projects

The City is facing the worst drought ever and its dam levels continue to drop as the skies remain dry.

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
Dr Mbuyiseni Ndlozi opens up about his thesis

Dr Mbuyiseni Ndlozi opens up about his thesis

Ndlozi explains the significance of the the first chapter of his thesis: 'Trauma in the archives'.

German prosecutors probing Steinhoff CEO Markus Jooste (for accounting fraud)

German prosecutors probing Steinhoff CEO Markus Jooste (for accounting fraud)

The Money Show’s Bruce Whitfield interviews Steinhoff International Chairperson Christo Wiese.

So what exactly is radical economic transformation?

So what exactly is radical economic transformation?

Wits associate professor of economics Christopher Malikane speaks to Azania Mosaka about the term that is being bandied about.

Is it normal to have a curved penis? Dr Shingai explains

Is it normal to have a curved penis? Dr Shingai explains

Urologist Dr Shingai Mutambirwa says penile curvature is only a concern if it impedes a man's ability to have penetrative sex.

Who is Advocate Tembeka Ngcukaitobi?

Who is Advocate Tembeka Ngcukaitobi?

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

Meet Shoprite’s Christo Wiese, ruler of retail (and 3rd richest African)

Meet Shoprite’s Christo Wiese, ruler of retail (and 3rd richest African)

Bruce Whitfield interviews the remarkable Wiese (net worth R100 billion!) about how it all began and where it’s going.

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?