Good points - but if being successful in the Chinese market nowadays requires being hyper local, conversant with the guo chao movement, and offering low price points, then it doesn't make sense for foreign companies to compete in the space (especially Americans given the additional geopolitical tensions). And I'm sure its hypercompetitive too.
Not a problem for local Chinese entrepreneurs but if your audience is mostly foreign (American?) based it might seriously discourage going into the Chinese market
I fell into the same trap as Evan--it’s hard to visit China as an outsider if your goal is to get a sense of the local mood... the people you end up talking to are naturally people in bigger cities inclined to talk to foreigners. In retrospect, it wasn’t surprising that people I came across shared basically my worldview.
Good points - but if being successful in the Chinese market nowadays requires being hyper local, conversant with the guo chao movement, and offering low price points, then it doesn't make sense for foreign companies to compete in the space (especially Americans given the additional geopolitical tensions). And I'm sure its hypercompetitive too.
Not a problem for local Chinese entrepreneurs but if your audience is mostly foreign (American?) based it might seriously discourage going into the Chinese market
I fell into the same trap as Evan--it’s hard to visit China as an outsider if your goal is to get a sense of the local mood... the people you end up talking to are naturally people in bigger cities inclined to talk to foreigners. In retrospect, it wasn’t surprising that people I came across shared basically my worldview.
Any links to other good takes on the Evan Osnos article? I agree it seemed a little basic