Even if China falls into a recession, Schultz said Starbucks will stay on the offense.
"If there's something cataclysmic, that certainly could change our plans," he said. "But we have no intent of slowing down. We're building our business in China and playing the long game."
The coffee company also sees big potential in India, where it currently has 100 stores.
"The growth will be slower there than China because of infrastructure issues. But our growth in India is going to parallel the growth in China in terms of the number of stores we'll have over the long, long-term," said Schultz.
He's not the only CEO who sees potential in that market. Apple's Tim Cook recently told "Mad Money" he sees "huge" opportunities in India, where the population is exploding.
Tune into "Closing Bell" Thursday, May 26 at 3pm ET to see the full interview with Schultz.
— CNBC's Donna Burton contributed to this report.