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Word Count: 1,090
McDonalds the leading fast food industry nowadays is a Trans National Cooperation Due to the lower production costs and potential market McDonalds has been expanding its production and selling line in China It is seen to see it bring forth a positive consequence to China Economically The existence of McDonalds on Chinas soil increases the employment rate though the Central Government keeps claming that the unemployment rate is 0 According to the official report there are nearly 50000 citizens employed in the McDonalds sector in more than 680 branches in China Besides the tax income from the incoming industry directly spurs the Governments revenues in 2000 alone McDonalds had already paid over one-fifth billion RMB to the Central Government These two benefits can directly increase the national GDP and the Government then can reinvest the capital into the public sectors such as education and medical care and therefore to push the economy to move further Nonetheless to look behind the fancy benefits there may have a heavier weight of defects to Chinas economy From employment perspective since most of the McDonalds staffs are teenagers and students who successfully competed with the elder group may lead to an unemployment of elderly and since the old folks didnt have chance to receive high education they lose the competitive ability Plus the no pension system in China elder people may probably be forced to commit poor jobs such as to collect cans in streets and sell them for living Besides due to the low wages and short working hours in McDonalds probably under 13 hours a week people may not sufficient to feed their own families And as they counted the under-employed inside the employed group the huge number of employment rate could be just a meaningless figure From the capital-flow perspective McDonalds seems to boost China economy by investing Yet most of the income gained by McDonalds in China is sent back to
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