Starbucks CEO is ‘bullish’ on China despite stock turmoil

Starbucks is getting ready to open its 2000th store in China. The company operates in 90 cities there and employs 30,000 people, many of whom travel hours to get to work or move across the country for the job. On Tuesday, the company announced it will begin offering its workers a monthly stipend for housing, an amount that will cover on average 50 percent of their housing expenses.

Click the media player above to hear Howard Schultz, CEO of Starbucks, speak about the plan with Marketplace Morning Report host David Brancaccio. 

Alibaba founder Jack Ma (L) was the guest at Tuesday’s event, hosted by Starbucks CEO Howard Schultz (R)

Courtesy of Starbucks