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02-28-2012 07:59 PM #11
Amen, I can personally attest to that. I lived in Shanghai for nine years and when CarrFore opened up their first "supermarket" in 1992, all the locals went crazy and packed the place. Previously they had purchased their groceries from roadside stands. In six months right across the street, a local Chinese "knock off" supermarket opened its doors. Same thing with KFC, after six month two blocks down the same road a local "KFC" opened. The factory I ran made aircon units and we partnered with a local start up company to sell units. During the past twenty years they have opened up several factories and are now the biggest aircon seller in China. Message, make yer money while you can and then move on. Remember guys the local rank and file Chinese are the quintessential capitalists and will flip any foreign company if they think they can make a buck, with the backing of the government. There are more millionaires and billionaires in China now than most of the world combined. Sad fact of life.
Cheers, John, AKA, tin-man
Zhuhai, P.R.C.





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Right after I posted yesterday it was down again, I don't think it's getting better.
Where is everybody?