4 ms·

Ok

• karmakaze 7y ago
  That was my first reaction: "And.." Then following it through: > “Now the quality is similar, so why not buy China?” said [...] in 1998, virtually no Chinese respondents said they thought Chinese brands were cool. > The result is that some American brands that used to be cool are falling out of fashion. It means that US companies are being shut out of the largest growing consumer market and that Chinese companies that had difficultly competing with US brands are now favored. Resulting in China's economy to grow at an even faster rate than before compared to US. Not only that, but it also means that western culture is losing influence which plays out in more than dollars.