China is teaching the likes of Apple and Tesla a very painful business lesson

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After years of ascending growth, some of the most powerful US tech corporations have started to slide hard and fast in the world’s second-largest economy amid the new reality of doing business there.

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Beijing has endorsed uber-nationalism. In turn, sentiment toward Western business has soured. That’s especially so as domestic companies have stepped up as viable alternatives. And it’s all created a dangerous race to the bottom to win over consumers.
It’s no wonder US companies that once banked on this being the “Chinese century” are having to learn a very painful lesson about doing business in China.

www.msn.com/en-us/money/other/china-is-teaching-the-likes-of-apple-and-tesla-a-very-painful-business-lesson/ar-BB1jGoWm?ocid=msedgntp&pc=U531&cvid=6464d4818a8a48978409e81dc20d0cd5&ei=113

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