This week in Shanghaiist
McDonalds will be cutting prices for many popular items on its China menu. Popular options like the Filet-O-Fish, Double Cheeseburger, McNuggets, McPuff, and the Mala Pork Burger, are all getting a nice discount. Sure, it's still more expensive than local food, but all expats craving their fast food fix can now do it even cheaper. Yay, recession! Source: Straits Times
McDonalds cutting China prices
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Expats?! Everytime I go to McD's (which is more often than I care to admit) its a 100:1 local to expat ratio.
I see a lot oft families, kids with their grandparents and also young and mid-aged chinese. And this was next to Yuan Garden. Of course a lot of tourists also go there. But the 100:1 Ratio is way off reality!
zideshowbob - tourist does not equal expat.
Fast food outlets like KFC and McAvoid are very popular. In winter free heating, in summer free aircon. Great place to do homework or to take a nap.
What the hell is a McPuff? At the risk of being called a Nazi by Mr. Best, I'm going to say that sounds pretty gay.
Great, price cuts for items I never order...
More expensive than local food my ASS. Maybe in a bumphuck village selling 3 kuai lamian with fake meat shavings (read: shaved meat weighing about as much as the gold flakes in the cinnamon liquor). A cheap, cheap good Dongbei joint next to my house just jacked their Ziran Beef up to 22, combined with North Korean cold noodles, a basic filling meal for ONE, you're at 32 kuai. For 10 kuai less at McDonalds I'd even have a coke to flush it down (with ice, which is not easy to come by in most of superstitious China, and therefore IMHO worth a lot).
The restaurant next to my house in Jing'An never gives me a bill more than 20 kuai. And that's like an appetizer, a plate of dumplings, and a big bowl of soup.
Most noodle shops around me will sell a big bowl of noodles for 6 to 10 kuai. Chinese fast breakfasts, like danbing, is no more than 2 kuai.
You're getting ripped off, dude.
Getting ripped off? I think you get what you pay for and there is no markup on Mcdonalds. Add a coke to those places and +3 kuai at least. I have been to some dirt cheap places, and you are getting basically a lot of carbs and meat which is just shavings or really cheap fat nasty garbage meat they paid next to nothing for. While in McDonalds the meat is good quality (at least comparatively). Basically you want SAME AMOUNT of meat as McDonalds elsewhere, you will pay at LEAST the same price and most likely more. Don't compare apples to oranges.
Hahahahaha, there's no mark up at McDonalds. Hahahahaha. Yeah, sure. Because they're like... a nonprofit, right? How much do you think those 7 kuai fries cost to make? Coke syrup is worth pennies per drink, and what's that? Another 6ish, 7ish kuai at least?
Haha, I need to stop engaging in arguments with people that obviously have a reality disability.
I think if you look at a graph with "Price" on one axis, and "Temperature of pineapple pie filling" on the other axis, you will see that McDonalds beats all other contenders.
You need the reality check bud. Pennies for coke syrup, huh? So why isn't the enterprising homeless guy buying it for pennies and selling it at a "mere" 200% markup on the street, say 2 mao a cup? Yeah. . . just as I thought. Coke don't give it to them for pennies. And the Shanghai government don't give all McDonalds outlets free electricity or government sponsored rent or government supplied employees that work at no cost to McDonalds. Mark up in this context means an inordinate premium on the price above what that quality of food would cost if produced by a similar Chinese company which didn't have the famous name "McDonalds". There *is* however a huge markup on Nike shoes, because Chinese are so much more willing to blow cash to gain more "face" than Americans, and thus Chinese are happy as balls to take a business trip to the US and get "not marked up" Nikes. (Yeah Nike made of $1 in materials, REALITY CHECK AGAIN BRO, factories cost millions to build.)
because of "recession"?
is mcd cutting prices in others countries officially declared in recession, while china is enjoying a slow recovery with shanghai stock index rebound a 10% in this single week and 30% from bottom since last november?
accordnig to your logic, mcd should be offering free freedom-fry in britain and germany.
Read the article. It says McDs is trying to boost China sales which have dropped because of the economic slowdown.
Did somebody really just say that McDonald's meat is good quality???
@ Leastman
The shanghai market climbs while unemployment increases. And with China's financial structure I'll bet most of the buyers are a few large SOEs using government money to prop up the market. The US market is increasing as well, but all from private buyers. The US gov't is not allowed to buy stocks.
nany,
each day i follow closely the 14000 billion value china market with my 5 computers with every available smart trading tools which tell me all the truth and show most of buyers are the individuals, since 4th of novemeber when governemnt announced a 2-year 4000 billion stimula package. now you make math where investment come from.
as you talked of american market and 'shanghai unemployment', i can further annoy you that america not only has market nosedive but unemplyment as well. at least china market is the first to fall and first to recover while americans, each has 7 time more debt than each chinese, will try every means NOT to trust any ceos.
next week index will go on climbing that i start to worry about its speed. maybe another 10%, to your dismay?
but anyway, why try to persuade an idi*t who laughs at 9% gdp when its own is almost minus? it's much better play harper to a cow which can at least produce more milk which you must mix up with melamine and drink each day for your incurable dumb-head.
Everytime I see a McDonald, I run away as fast as possible. McD is Trash food. Ain't going to be caught dead in within 100 meters of the Golden Arches.
Congratulations- you have deeper pockets and/or a stronger stomach than I.
No love for the Taro pie?
You need the reality check bud. Pennies for coke syrup, huh? So why isn't the enterprising homeless guy buying it for pennies and selling it at a "mere" 200% markup on the street, say 2 mao a cup? Yeah. . . just as I thought. Coke don't give it to them for pennies. And the Shanghai government don't give all McDonalds outlets free electricity or government sponsored rent or government supplied employees that work at no cost to McDonalds. Mark up in this context means an inordinate premium on the price above what that quality of food would cost if produced by a similar Chinese company which didn't have the famous name "McDonalds". There *is* however a huge markup on Nike shoes, because Chinese are so much more willing to blow cash to gain more "face" than Americans, and thus Chinese are happy as balls to take a business trip to the US and get "not marked up" Nikes. (Yeah Nike made of $1 in materials, REALITY CHECK AGAIN BRO, factories cost millions to build.)