Yum China CEO: Business still has room for growth, tier 1 and 2 cities not saturated yet

Joey Wat, CEO of Yum China, says that the company is planning to accelerate the opening of new stores in China and that the urbanization of China is not done yet, providing good growth opportunities from lower tier cities. She also says that the company's diverse offerings that cater to different age groups protects it from the falling birth rates in China and that they will have greater flexibility on pricing power if domestic consumption improves.