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Denying yourself a market share of the largest growing middle class in the world doesn't seem like a good business decision. Once China's middle class starts s
by azemetre 9y ago
Denying yourself a market share of the largest growing middle class in the world doesn't seem like a good business decision.
Once China's middle class starts spending more on foreign goods you will see many businesses and companies cater to their needs like how the current status is to cater to the North American market.
- gigatexal 9y agoOf course not but sometimes operating out of principal makes sense to me. For example if I was precision cast parts — a private family owned business that Warren Buffet bought for many billions — and A Chinese state owned enterprise decided to copy and replace Boeing with their own plane as CEO or owner or founder etc of precision cast parts I would refuse the build. It would hurt me and help my competitors but it’d be worth it.