Coffee, beverage brands best for franchising in China

According to an industry survey, coffee and beverage businesses are the best bets for opening franchises in China. The China Chain Store and Franchise Association (CCFA) said investors are most optimistic about coffee and beverage brand franchise business. In its survey of corporate managers, franchisees and investors released in April, the CCFA said franchise brands for Chinese fast food, early childhood education, convenience stores, car maintenance and salons are also sectors with rosy prospects. Pei Liang, secretary-general of the CCFA, said demand remains solid for franchises filling everyday needs, making them more capable of withstanding an economic slowdown and better able to resist risks. "In China, the demand for food, beverages and children's education is quite strong," Pei said. The CCFA survey showed 92 percent of franchise brands plan to open new stores this year.