Finance & economics | Burger prices

What Donald Trump can learn from the Big Mac index

Should the presidential candidate go on another crusade against the yuan?

Golden Arches sign seen at a McDonald’s restaurant in Shenzhen.
Photograph: Rex Shutterstock

Little is more symbolic of globalisation than a McDonald’s hamburger. The American fast-food chain opened its first Chinese branch in 1990. The outlet was in Shenzhen, a small town just across the border from Hong Kong, which was home to the country’s original “Special Economic Zone”—an area where the Chinese government could try market liberalisation before rolling it out to the rest of the country. The Big Mac was a little piece of American capitalism in a communist country.

Explore more

This article appeared in the Finance & economics section of the print edition under the headline “Milkshake and lies”

From the January 27th 2024 edition

Discover stories from this section and more in the list of contents

Explore the edition

More from Finance & economics

Solar panels installed on the roof of a building at Skardu in Pakistan's Gilgit-Baltistan region.

Cheap solar power is sending electrical grids into a death spiral

Pakistan and South Africa provide a warning for other countries

People walk at Zaryadye park with the Kremlin and St. Basil's Cathedral in the background in Moscow, Russia.

Russian inflation is too high. Does that matter?

In a strong economy, price pressure can endure for a long time


illustration of a house cut in half diagonally, the lower corner being a bill.

Why you should repay your mortgage early

For the first time in decades, the arithmetic suggests settling housing loans


How AI will divide the best from the rest

Optimists hope the technology will be a great equaliser. Instead, it looks likely to widen social divides

The danger of relying on OpenAI’s Deep Research

Economists are in raptures, but they should be careful

Elon Musk is failing to cut American spending

DOGE has so far disrupted everything in government bar the deficit