OAK BROOK, IL-With sales and profits up, McDonald’s Corp. will open 150 units in China this year, and will continue to expand in Europe, executives said at the company’s third quarter conference call. The new units will constitute a 17% increase in the chain’s China store count.

“Next year we are going to open more, and we will continue to open restaurants in Europe,” said vice chairman and CEO Jim Skinner.

The global credit crunch that has stalled store growth worldwide has not been a factor in the company’s expansion. “Our owners have access to credit through a number of national, regional and local vendors,” said Peter J. Bensen, executive vice president and chief financial officer.

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