Starbucks is expanding its presence in China as it announced it plans to add 500 stores a year for the next five years.
"We've been in China now for 17 years," Starbucks CEO Howard Schultz told CNBC's "Closing Bell" on Tuesday.
"We've had 10 years of consecutive positive [comparable] store sales, which is pretty stunning."
Schultz notes that while there's been some economic turmoil in China, the coffee giant's traffic has remained positive. He considers betting on China now as an opportunity to invest ahead of the growth curve.