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What I get from the article: 1, foreigners are less worshiped in China than before, giving them less advantage over locals, and in many cases a disadvantage if
by analyst74 8y ago
What I get from the article:
1, foreigners are less worshiped in China than before, giving them less advantage over locals, and in many cases a disadvantage if they have not forged strong connections
2, businesses founded on exploiting cheap labour and laissez-fair regulation are facing a hard time
3, market is maturing and the overall economy is slowing down, there are fewer untapped opportunities and existing businesses are facing increasing competition
Not to say that being a foreigner has no disadvantage, but if a Chinese entrepreneur fall into those categories, he/she will have a hard time succeeding too. In fact, if you ask Chinese entrepreneurs/business people today, chances are he/she will also tell you that it's getting harder to do business.