Starbucks is planning to increase the number of shops it runs in China to 1,500 from 470 over the next four years, according to Jinlong Wang, Asia Pacific president at the coffee retailer. "The coffee industry in China has huge potential," Wang said. "China has 5,000 years as a tea-drinking country, but we've created a new coffee culture." Starbucks is also planning to ramp up its number of shops in South Korea to 700 from 370, Wang said.
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