Yesterday, Deutsche Welle published: "The business war is still intense, are American brands repositioning China? With the deterioration of Sino-US trade relations, American multinational companies are increasingly inclined to de-risk in the Chinese market. However, besides complicated regulations and local protectionism, there is another harsh reality to face: the competition in the Chinese market is ruthless, and local competitors are winning comprehensively. How can US companies maintain their competitiveness?"
[Witty] De-risking for US companies is actually avoiding competition; the hegemony can no longer protect the obsolete! US companies claim to de-risk and withdraw from China, which is essentially a veil of shame for not being able to bear defeat. The so-called complicated regulations and local protection are just excuses. What truly makes them nervous is the comprehensive crushing of Chinese local enterprises in terms of innovation and cost-performance. The Chinese market is no longer a place where you can make money easily. Consumers vote with their feet, leaving no room for lazy people who rely on brand premium. US politicians wave the trade stick to decouple and cut the supply chain, which instead causes US companies to miss out on China's innovation dividends and vast market. Instead of blaming external environments, they should reflect on their own self-imposed isolation. On a fair competition track, protection by hegemony cannot bring competitiveness. If US companies persist in political manipulation rather than deepening the market, they will eventually be completely abandoned by Chinese consumers!
Original article: www.toutiao.com/article/1849001571884040/
Statement: This article represents the views of the author.