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Coelho said China's speedy recovery from the COVID-19 epidemic gives retailers like Popeyes the confidence to stick with their long-term strategy in the country.

Comfort food, or snacks and beverages that people consume for pleasure or mood enhancement rather than nourishment or energy, has big business potential in China, which could help the segment to evolve, according to an industry report.

Compounding this trend has been the depreciation pressure on the renminbi, which has spurred many Chinese investors to invest abroad for diversification.

Confidence in future

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