Baidu Encyclopedia shows that McDonald's (China) Co., Ltd. was officially renamed as Golden Arch (China) Co., Ltd. on 201712, and its branches are being renamed one after another. The golden arch, the symbol of McDonald's, has a famous nickname in the west-golden arch, which literally translates as "golden arch" Company type: limited liability company (Sino-foreign joint venture). Sino-foreign joint ventures do not belong to state-owned enterprises or foreign enterprises. Sino-foreign joint ventures are non-public enterprises. This shows that Golden Arch is not a state-owned enterprise.