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> The Chinese market was never actually open to American companies. Well, in the short term, American companies are making a pretty penny in China. Apple bene
by blackrock 6y ago
> The Chinese market was never actually open to American companies.
Well, in the short term, American companies are making a pretty penny in China.
Apple benefits from China in two ways. 1) Cheap labor, and 2) huge sales of their products to the Chinese themselves.
Even Facebook, which doesn’t work in China, is making $5 billion in revenue annually from ad sales.