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Old 03-25-2018, 09:33 PM  
BaldBastard
Too lazy to set a custom title
 
Industry Role:
Join Date: Jan 2001
Location: Sydney
Posts: 14,521
Quote:
Originally Posted by huey View Post
This is Chinese capitalism at it's best.

https://en.wikipedia.org/wiki/2008_Chinese_milk_scandal

Also a good watch to see what happened to Rubbermaid.

https://www.pbs.org/wgbh/frontline/film/showswalmart/
And for smart people in the west.. it created a huge market and the invention of the "daigou"

https://en.wikipedia.org/wiki/Daigou

A 2015 survey of Chinese online luxury shoppers found that 35% have used daigou to purchase luxury goods online, while only 7% used the website of the brand they are buying. Approximately 80% of Chinese luxury purchases are made abroad. 2014.. Daigou sales across sectors total $15 billion annually, 2018 50 BILLION plus!

and you guys try and make money in porn ;P

A $30 can of Australian baby formula is easily worth $90 when you send it to China.

And this is where America and Americans seem to totally miss the mark.. you send China your best products, your most luxury products your most rare products, and they will pay for it like no one else.
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