Malaysia Star:
The Chinese authorities received applications for franchise business licences from 1,430 companies up to September last year, and Malaysians are keen to hop on to the bandwagon.
Malaysian franchisors are eyeing the dynamic franchise market in China with its huge prospects.
A total of 13 Malaysian companies dealing in food and beverage, retail, optical care and education participated in the China Franchise Expo 2011 held at Beijing last month.
After all, China has one of the highest concentrations of franchise businesses in the world.
Franchisers from many countries have set foot and expanded in this country which overtook Japan to become the world’s second largest economy last year.