Starbucks is opening one store in China every 15 hours, the company's China CEO, Belinda Wong, told "Squawk Box."
China has become Starbucks' second largest and fastest growing market, and one the company expects to eclipse the U.S. market one day. Starbucks already operates more than 3,000 stores in the country and 2,000 more by 2021.
The company on Tuesday company opened a 30,000-square-foot Reserve Roastery in Shanghai, its flashiest commitment to its growing Chinese business. It's the second Starbucks' Roastery to open and is twice the size of its flagship location in Seattle.