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03:44

Starbucks landed in China when coffee was still a novelty. Today, one in five stores globally is there.

American fast food and retail giants placed the same bet, and cashed in. Now local brands are out-executing them. The fix? Partner with Chinese private equity.

Here's why it's working, and what it means for both sides, as CGTN's Vivienne Nunis explains.

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China-US partnerships fueling rapid growth