Why America’s Biggest Brands Are Failing to Keep Up in China | WSJ

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The Wall Street Journal

The Wall Street Journal

Күн бұрын

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@wsj
@wsj 2 ай бұрын
China reopened to foreign students. Americans are staying away: on.wsj.com/3Y2StF8
@dsdgdsfegfeg
@dsdgdsfegfeg 2 ай бұрын
This is bad journalism from WSJ. 🔸Young Chinese are VERY pro Western brand & very Anti-China brands 🔸Sales are down because 1: China's economy has collapsed 2: The CCP are doing everything possible to limit & push out western brands, including mass subsidization of CCP (state) companies
@Kennon959
@Kennon959 Ай бұрын
They stopped for 2 years and after that students could come in quarantine then were allowed to study and travel throughout China
@dsdgdsfegfeg
@dsdgdsfegfeg Ай бұрын
@@Kennon959 CCP 🇨🇳 China is desperate for tourists. But no one is coming. That's what happens when the CCP threaten every country in the world
@deezeed2817
@deezeed2817 Ай бұрын
The Americans like the Japanese are easily brainwashed and swayed by their leaders who call China a "threat". But Socialist China will continue to advance and China will show the young people of these capitalist nations a state that is not be feared but can solve the problems that capitalism cannot.
@matpk
@matpk Ай бұрын
這條短片很多吱吱人
@swedgephd
@swedgephd Ай бұрын
Some of these companies are not just failing in China. Nike and Starbucks are falling in popularity in the US.
@KamBar2020
@KamBar2020 Ай бұрын
Shein, Temu and BYD : Please hold our DUMPLINGS 🇨🇳
@phoenix0110
@phoenix0110 Ай бұрын
I perfer Italian hand made specialty coffee than Starbucks all day long
@gigi9467
@gigi9467 Ай бұрын
Garbage cooffe and shoes
@TomNook.
@TomNook. Ай бұрын
Go woke go broke
@jeevan88888
@jeevan88888 Ай бұрын
Oh yeah , then which brands are replacing Nike?
@cowholy3031
@cowholy3031 Ай бұрын
If the US companies want to make money, they need to compete. If you can get the same coffee at the price of $2, why bother to spend $4 at Starbucks?
@Kbcqw
@Kbcqw Ай бұрын
A lot of people will pay 4$ for a coffee knowing full well that down the street they can buy a cup for 2$ though. The consumer is a tricky one to figure out…
@khoado1999
@khoado1999 Ай бұрын
@@Kbcqw back then, sure, because the coffee shop by American companies gave a different store ambience but nowadays local brands are copying from ambience to better taste and better quality. So there’s a movement that people are shifting
@brandonna5350
@brandonna5350 Ай бұрын
Why not make coffee at home its quicker and cheaper why not get gas station coffee its only 1$ i think its about taste most people aren't worried about spending a extra 2$ if there satisfied instead of ending up what watered down coffee half the time.
@iggy5347
@iggy5347 Ай бұрын
China must de risk from american war mongering brand. Ths US love war war
@bonawang4995
@bonawang4995 Ай бұрын
@@brandonna5350 That's the trick. Luckin also tastes much better than Starbucks. The only advantage of Starbucks is that they have well-furnished stores where you can sit down and have a chat with friends.
@liqingyuan4940
@liqingyuan4940 Ай бұрын
I am a founding employee of Luckin Coffee. I can tell you the key business model of Luckin Coffee. Coffee shops and selling coffee are completely different businesses, although we often confuse them. Most people actually buy and go. They are not interested in Starbucks' third space and are not willing to pay extra costs for it, such as rent. Luckin Coffee discovered this, and they transformed the purchasing process and adjusted the cost model to a structure that most people are willing to accept.
@longlivecobra
@longlivecobra 17 күн бұрын
@@user-sd9sn7wf3o mad?
@ydnftbhdy
@ydnftbhdy 3 күн бұрын
Do you think this kind of business would be viable in other countries without the population of China, like Canada?
@hpw-ws6bj
@hpw-ws6bj Күн бұрын
Can you explain normally so it's easy to understand instead of acting like a western journalist? 😂😂😂
@supersupersuper_
@supersupersuper_ Күн бұрын
@@hpw-ws6bj starbucks in the world has been all about the coffee shop space. Meeting your friends or working there for example. In China, people don't really care about that. They want starbucks-like coffee, yes, but just as take away. Luckin Coffee adapted and just created take-away shops, without the coffee shop fluff and the money needed to rent/operate the space. So they save a lot on rent and salary money. And developed their (online) purchase customer experience and products instead. Something like that
@anniw.4737
@anniw.4737 Ай бұрын
I was in China recently and the Luckin Coffee had so many innovative coffee flavours that incorporated fruits flowers and tea and honestly they were all shockingly good even the simple basics that Starbucks always mess up on. Not just Luckin, there were so many small cafes too that were superb. Coffee culture is big in China, people are passionate about it. Don’t dismiss their ability to innovate on food and drinks.
@user-or4ct5ow6b
@user-or4ct5ow6b Ай бұрын
superior and cheaper. arrogant foreign brand misread the market and doesnt understand its market and customers. thought that people would bow for them simply becoz they opened a store? but thats not how competition works.
@Orwellian-Purple-Grapes-1984
@Orwellian-Purple-Grapes-1984 Ай бұрын
​@@user-or4ct5ow6b The West thought Chinese customers would bow to them, but they forgot that in a truly free market the customer is King.
@serafinacosta7118
@serafinacosta7118 Ай бұрын
Food and beverage. Get it right.
@willng247
@willng247 Ай бұрын
First time in Shanghai. Tried out luckin coffee. I never went back to Starbucks. They will eat Starbucks alive if they come to the West.
@marg8315
@marg8315 Ай бұрын
Yes. But there are also so much competition in the U.S. too, think all the local coffee brands and high end ones. But none can beat Starbucks in price. Chinese customers are definitely looking at value more now and sometimes that’s at the cost of their own wellbeing, think the recent two events in Shanghai
@samuelchalekian4966
@samuelchalekian4966 Ай бұрын
On the other hand, it’s a consumer’s paradise. For example, being forced to compete with rivals like Xiaomi and Huawei, iPhones are often heavily discounted in China. You can get an iPhone 15 Pro Max for $675 on Taobao - no trade in’s, no nonsense. Ultimately, China’s domestic market is fiercely competitive - once an industry, brand, or concept is proven, new money rushes in and tries to displace first movers with price wars. This makes it difficult for any company to truly last, doubly so for foreign brands.
@jackocarina8007
@jackocarina8007 Ай бұрын
"Consumers paradise" hahahahahaha maybe in theory but china's economy is falling through the fkn floor right now with banks and real estate, like 75% of the pop lives on almost nothing. Very sad but Chinese people are in the grips of a Technological-Maoist regime that does not care for its citizens, far from a "paradise"
@user-uh4or2et4b
@user-uh4or2et4b Ай бұрын
This is the free competition under the market economy of capitalist society
@Orwellian-Purple-Grapes-1984
@Orwellian-Purple-Grapes-1984 Ай бұрын
A lot of western brands have also tried to cheat Chinese consumers by selling lower quality products for higher pricing in the local market compared to what they sell in the west, so a lot of trust has been lost by the Chinese consumer, especially the younger generations who are the first to get this type of information.
@DynamicUnreal
@DynamicUnreal Ай бұрын
@@user-uh4or2et4bToo bad that the USA is becoming more and more protectionist.
@Pclub4ever
@Pclub4ever Ай бұрын
Gotta love it
@therealnoble9799
@therealnoble9799 Ай бұрын
The US was right, China has an overcapacity of delicious and affordable food
@JH-ve1zf
@JH-ve1zf 22 күн бұрын
So why is China's GDP dropping like a weight in the ocean if they are beating America at everything. Once America decouples from China, China will not only have economic woes, they won't have investments and they will eventually starve to death. Fact, not fiction.
@Mr1wd
@Mr1wd Ай бұрын
It's not so much patriotism but just consumers looking for the most value. Of course local brand is gonna thrive.
@DivinesLegacy
@DivinesLegacy Ай бұрын
Whatever helps you cope bud
@spadaacca
@spadaacca Ай бұрын
It's both.
@lppoqql
@lppoqql Ай бұрын
I think its the American Media's long time depiction and castration of Asian men thats coming back to bite them. Every western media product constantly depict Asian men in a very nasty way while constantly promoting Asian fetish. Anyone in the right mind will associate this kind of insult with western brands. I'm actually surprised it took so long, American media is really screwing up their overseas PR.
@cooperr5581
@cooperr5581 Ай бұрын
I'd say it's heavily dependent on the patriotic factor. China is a very homogeneous society, and patriotic values and Chinese propaganda are a massive part of it.
@jblake6145
@jblake6145 Ай бұрын
@@cooperr5581sounds like exactly like US
@parklilys3108
@parklilys3108 Ай бұрын
What wrong with Chinese using or eating Chinese brands? In this world, who gives rights to American brands to dominate every aspect of our lives?
@lilong717
@lilong717 Ай бұрын
US government
@aiman9088
@aiman9088 Ай бұрын
I know right?! The host make it sound like not supporting American brand in China is wrong. Sometimes I swear Americans forget that the world don't revolve around them
@baffinsansterre
@baffinsansterre Ай бұрын
Buying is voting, even in China.
@gigalipufpokemon1799
@gigalipufpokemon1799 Ай бұрын
and why do u all think of it in that way only ?
@1DutchMan69
@1DutchMan69 Ай бұрын
China envy the U.S lifestyle that's why there are some Chinese escaping that communist country to U.S. CHINA HAS NO FREEDOM AT ALL. We can have our problems but, we dont have a tyrant as a president like Pooh Xi jinping.
@lancergt1000
@lancergt1000 Ай бұрын
tho in China no one is beating KFC, they're genuinely crazy they'll collab with literally anything 😂
@ArnoldChen-pw4gd
@ArnoldChen-pw4gd Ай бұрын
True.. It localized perfectly
@lancergt1000
@lancergt1000 Ай бұрын
@@ArnoldChen-pw4gd they even collabed with a handbag
@pceb9621
@pceb9621 Ай бұрын
Why they don't mention Yum China !!. Are the Chinese aware that KFC is managed by Chinese? That the Americans in this matter only receive 3% fees. Yum china is not a western company, do the Chinese know that?
@mhaz1862
@mhaz1862 Ай бұрын
True KFC in China is another level 😂
@utopian5411
@utopian5411 Ай бұрын
at least the chicken in KFCChina doesn't taste like cardboard
@RealManasBose
@RealManasBose Ай бұрын
*Burger with Chinese Characteristics*
@vorlon81
@vorlon81 Ай бұрын
Tasty.
@What_a_piece_of_work_is_a_man
@What_a_piece_of_work_is_a_man Ай бұрын
It uses gutter oil!!
@vorlon81
@vorlon81 Ай бұрын
@@What_a_piece_of_work_is_a_man Like your mind ? in the Gutter , lol
@patricks8364
@patricks8364 Ай бұрын
With soy sauce?
@What_a_piece_of_work_is_a_man
@What_a_piece_of_work_is_a_man Ай бұрын
@@vorlon81 Gutter Oil is disgusting!!!
@anode360
@anode360 Ай бұрын
Chinese are embracing local brands America: security threat
@zfr33ze87
@zfr33ze87 Ай бұрын
Definitely not a security threat.
@keyboardmanyoutube3189
@keyboardmanyoutube3189 Ай бұрын
@@zfr33ze87definitely yes. How dare you not buy IPhone but Huawei?
@ghingisoverland6932
@ghingisoverland6932 Ай бұрын
⁠@@keyboardmanyoutube3189 TikTok “security threat” in US, same propaganda in America 🇺🇸
@seanthe100
@seanthe100 Ай бұрын
The US is not Europe 😂😂😂 most US companies depend on the US the largest consumer market on the planet
@momokui
@momokui Ай бұрын
@@seanthe100 LOL! the amount of people in mamarica are only about 1/4 of poeple in China. Largest, huh?
@tiaoyi-bx5yi
@tiaoyi-bx5yi Ай бұрын
Chinese older people admire American culture, while young people are more confident in Chinese culture.
@Taylor.Hertz.
@Taylor.Hertz. Ай бұрын
I wish more Far East Asian people think this way. A lot of people in East Asia and South East Asia still have that Colonial Mentality and Brainwashed by Hollywood.
@raafeyplayz7015
@raafeyplayz7015 Ай бұрын
@@Taylor.Hertz.same. Tbh I wish the whole world excluding the west (the originally colonialized world) embrace their own culture, to the point where they wear their traditional clothing in daily life. It’d be epic
@roastingchestnut
@roastingchestnut Ай бұрын
Not true
@Bookworm214-y3d
@Bookworm214-y3d Ай бұрын
@@Taylor.Hertz. Correct, i am vietnamese in America and my parents LOVE western culture...they love wyte folx even though these same people are the reasons why we had to leave vietnam and migrate to the USA...the mentality is so toxic...thank goodness i migrated away from that mindset...these colonizers are no heroes of mine
@Warrior4Love
@Warrior4Love Ай бұрын
Right On!
@llw2606
@llw2606 Ай бұрын
I don’t know who goes to Starbucks in China. It is more expensive than in the US. A cup of coffee for above ¥40. There are a lot of much cheaper alternatives, like luckin coffee, boba tea. All are more than 50% cheaper.
@tvl6347
@tvl6347 Ай бұрын
and luckin coffee taste better than Starbucks
@SomeLazyDr
@SomeLazyDr Ай бұрын
luckin is genuinely so good that it would beat starbucks even in america. and all of our boba shops would be destroyed the second chagee starts coming over here
@charlech
@charlech Ай бұрын
You just simply don’t know any rich person in china 😂
@SomeLazyDr
@SomeLazyDr Ай бұрын
@@charlech rich people in China see Starbucks as something crazy. It would be like you spending $50 on coffee instead of $5. Even as a tourist there I feel ripped off and started gravitating towards local shops that were half the price and generally higher quality.
@lancecahill5486
@lancecahill5486 Ай бұрын
Starbucks is a status symbol. Taste has nothing to do with it.
@amphibiouscamel506
@amphibiouscamel506 Ай бұрын
This is called derisking, it goes both ways.
@keyboardmanyoutube3189
@keyboardmanyoutube3189 Ай бұрын
The EU invented the word
@muudcatt9541
@muudcatt9541 Ай бұрын
Because coffee, burgers and sneakers are national security issues I assume??
@edrosales1520
@edrosales1520 Ай бұрын
​@@muudcatt9541 Yes, because any sympathy or affinity to foreign brands can extend to their desire to look the other way in an effort to retain their presence in the country. As an example, look at people's response to the TikTok ban in the U.S.
@amphibiouscamel506
@amphibiouscamel506 Ай бұрын
@@muudcatt9541 Naturally, if a Chinese fast food chain becomes the dominant brand in the US, you bet the US government will either ban it or force the Chinese chain to handover its ownership to American companies in the name of national security. Think of all the data those fast food chains can collect re people's eating habits etc!
@loongsiu4766
@loongsiu4766 Ай бұрын
Chinese consumers dont think that much, its simply western brands are not competitive in China anymore. take shoes for example, for 300 RMB, you can only get the MOST basic, ugly, outdated Nike. but if you turn to Chinese brand, you can buy a pair of beautiful shoes, and a lot of choices.
@FingersKungfu
@FingersKungfu Ай бұрын
In my country (Thailand), local brands do out perform US brands by a lot too. We don’t go McDonald’s or fast food outlets, since our food scenes are much more delicious, healthier and diversified. Our shopping malls are the world’s best and are much better than US malls. Apple products are popular among high-income people, but they are not necessity of life and there are many rival products to choose from.
@TonyTinker-hc3zq
@TonyTinker-hc3zq Ай бұрын
USA is way better than Thailand and US has way more authentic food options since we have tons of immigrants from everywhere
@eeemm9
@eeemm9 Ай бұрын
One reason I can think of American politicians are villainizing Chinese everyday. If you are a Chinese , would you buy and support American brands?
@Lukasz-nw2pb
@Lukasz-nw2pb Ай бұрын
Ditto for Americans buying Chinese
@user-uh4or2et4b
@user-uh4or2et4b Ай бұрын
​@@Lukasz-nw2pb中國媒體詆毀美國什麼?😂
@charlech
@charlech Ай бұрын
They villainize the CCP government, which is deservedly so. Don’t get them mixed up with Chinese ppl.
@wshggg
@wshggg Ай бұрын
​@@koschmx they never say American products are bad 😅😅 or ask people not to buy. Their narratives are to protect them. Or defending. Tbh, fair enough
@wisdombites3586
@wisdombites3586 Ай бұрын
I wouldn’t buy anything US if I were Chinese given how they try to demonize Chinese all the time
@lluow
@lluow Ай бұрын
What’s the problem with the Chinese preferring their own brands to foreign brands? Foreign companies have long dominated the Chinese market. American companies have made heaps profits off China. About time for the Chinese to gain their share on their home turfs.
@angec.4757
@angec.4757 Ай бұрын
In the UK, we are told to support UK meat and there is no fuss over that?? Why so surprising Chinese brands dominate in it's own country??
@leo29136
@leo29136 Ай бұрын
in west logic only west can do n said what ever they willing to . everyone els needed to obey .
@maily8388
@maily8388 Ай бұрын
@@leo29136terrible English. Hardly understand.😮
@neellie9474
@neellie9474 Ай бұрын
In Canada, we're constantly told to buy locally. Every country tells their citizens to buy locally and support their own made companies. The Chinese just has a large population compared to other countries, so it makes much bigger noise when foreign investors lose revenue. lol
@awdawdawdawdawd-n5y
@awdawdawdawdawd-n5y Ай бұрын
​@@maily8388 You forgot to capitalize the letter "T" to indicate the beginning of the sentence. Also, both of your statements are sentence fragments, and the second one is missing a subject and a verb. A better reply would be: "Your English is terrible. I can hardly understand it."
@SgtNoPants
@SgtNoPants Ай бұрын
Nothing wrong when Americans want to buy American, but as soon as Chinese (or any other enemy) want to buy local then there's a problem?
@yurik383
@yurik383 Ай бұрын
What? China is the leader from US imports for a long time. That doesn't even make sense
@chrischoy9
@chrischoy9 Ай бұрын
No one is saying that there a problem. It’s all in your head
@SgtNoPants
@SgtNoPants Ай бұрын
@@chrischoy9 is it tho? This video is implying it
@pbworld7858
@pbworld7858 Ай бұрын
It's called hypocrisy.
@shadowmod3
@shadowmod3 Ай бұрын
NOT MANY CHINESE BUY OUR OWN. IT IS NOT SAFE.
@ghostv6416
@ghostv6416 2 ай бұрын
Nike has the right not to use Xinjiang cotton, and the Chinese have the right not to buy it.
@elfaridovic6721
@elfaridovic6721 2 ай бұрын
Imagine what is said about Xinjiang is false and solely motivated by a campaign against China, wouldn’t workers in Xinjiang be then really hurt?
@noizz4
@noizz4 Ай бұрын
不得不说有时候新疆人恨汉人真不是无缘无故的
@user-pl4pz2xn2c
@user-pl4pz2xn2c Ай бұрын
@@noizz4 Tiananmen Square 1989 Chinese hate CCP too and CCP hates chinese.
@EbuzzNYC
@EbuzzNYC Ай бұрын
@@noizz4 They should, there are many reasons.
@zakariamattu8613
@zakariamattu8613 Ай бұрын
@@noizz4they have lot of reasons
@LokiTheGodofMischief
@LokiTheGodofMischief Ай бұрын
"Starbucks executives insist they won't cut prices as the company positions itself as the superior brand" LOL Western Hubris is funny.
@pjacobsen1000
@pjacobsen1000 Ай бұрын
Well, the term 'superior' was used by the journalist, not Starbuck's itself. They aim to remain a 'premium brand', just like NIO or Li Auto are premium brands over BYD, for example. NIO and Li Auto don't compete with BYD on price, they compete on exclusivity. Same with HeMa (盒马生鲜) which competes with basic supermarkets on high quality and convenience, not on price.
@NaviRyan
@NaviRyan Ай бұрын
Price wars have nothing to do with quality big American conglomerates from the early 20th century would have price wars price out competitors and raise prices rinse and repeat. An example being standard oil. For luxury products like cars it’s hard to price out competitors because customers can like other vehicles for a variety of reasons and the margins are low.
@exl5eq28
@exl5eq28 Ай бұрын
In China, Starbucks usually have large stores with plenty of seats, while Luckin usually have few or none. Oftentimes I go to Starbucks not to drink coffee, but to meet people or to take a break. Their business models are totally different
@nanashipersonne4151
@nanashipersonne4151 Ай бұрын
Yeah, the whole of the US and Europe is all the same. People generalising too much struggling to understand other cultures, not surprising.
@LokiTheGodofMischief
@LokiTheGodofMischief Ай бұрын
My wife's family is from Colombia. I have been there a couple of times. Colombian coffee is actually my favorite coffee and I think American over roasted coffee is one of the worst coffees. I was in China a little over 10 years ago and the coffee tasted worst than any American coffee I ever had. The Starbucks tasted similar to the States but a little watered down. But I'm sure things have changed because of how fast China has changed.
@raymondwen4210
@raymondwen4210 24 күн бұрын
The problem is that Nike is too expensive. Is nothing related to "nationalism". I lived in china for 13 years. The biggest reason for going to Anta is that the product itself is no longer low quality, which is a big reason behind people originally paying a premium for high quality. Now that chinese quality is up, the premium cost no longer makes sense.
@SifisoMoabj
@SifisoMoabj Ай бұрын
They are doing the same thing Chinese EVs have done. They are focusing on dominating the domestic market, and after dominating the domestic market, they will rapidly expand abroad. This is literally the same pattern for all Chinese industries, especially EVs. Sooner or later, we will see these brands all around the world.... Just like Chinese EVs...
@zfr33ze87
@zfr33ze87 Ай бұрын
Dominating their domestic market is no indication of international expansion.
@rebeltheharem7028
@rebeltheharem7028 Ай бұрын
I highly doubt it. Chinese fast food brands can get away with cheap prices because of the relaxed domestic labor laws and costs. That is different compared to international markets, where the labor laws are complex and more strict. Take the US, with its $8 minimum wage. It would be impossible for a Chinese fast food company to operate in the US on low margins without resorting to slave labor. Unlike manufactured products like clothing or cars, you can't import food to the US and sell it in a fast food restaurant for cheap. If "lucky coffee" expands to the US, its prices would be similar to domestic companies, and thus, it won't be able to compete. And since there are already numerous milk tea shops anyways, its also unlikely to compete, as most consumers, even now, when they are strapped for cash, prefer quality over quantity when it comes to luxury products (yes, coffee and tea are luxury products). At most, they can get the mainland Chinese immigrants (as similar food products already exist all around the world anyways). The consumer atmosphere is different. I would say they only have a chance if the US enters a hard recession. Manufactured goods with no shelf life are one thing. Food that expires is another. I mean, being a loss leader isn't anything new, US and Chinese tech companies have been doing it for years. Its one of the ways to gain a monopoly.
@Zero11_ss
@Zero11_ss Ай бұрын
They only get ahead on EV because their govt is controlling and backing it. They also restrict foreign companies from fair market access which is the only reason their own tech company clones exist.
@worker-shoes
@worker-shoes Ай бұрын
They are doing the same thing American brands have done. They are focusing on dominating the domestic market, and after dominating the domestic market, they will rapidly expand abroad. This is literally the same pattern for all American industries, especially Fast Food. Sooner or later, we will see these brands all around the world.... Just like American Fast Foods...
@AAAAAA-tj1nq
@AAAAAA-tj1nq Ай бұрын
​@@zfr33ze87China evs are dominating in the world market. Take BYD for example. Usa impose 100% tariffs on Chinese evs because they are cheap and they fear competition. Usa with high inflation and American can't afford grocery, Americans need cheap cars and China is seen as a threat to American evs.
@themindsojourner
@themindsojourner Ай бұрын
I live in Indonesia and the trend is the same. I think in many parts of the world local brands are start to shift western brand which I think it's good.
@EricT01
@EricT01 Ай бұрын
I think it's good too.
@apa8201
@apa8201 Ай бұрын
Yes, there is better product in other place
@ao2415
@ao2415 Ай бұрын
It's cuz of inflation, not everyone can afford eating McDonald now also their portion are getting smaller while they keep increasing the price 😅
@elainelindsey1306
@elainelindsey1306 Ай бұрын
Cos US company's like Starbuck normally sell coffee for the same price has America, in a lot of global south country's you can go to a local store you can get a meal and a bottomless coffee for same price.
@whisky1991q
@whisky1991q Ай бұрын
the US:If they're going to beat us under the rules, then we change the rules
@Greenpoloboy3
@Greenpoloboy3 Ай бұрын
I am proud to say, I went from having McDonalds 5 times a week, sometimes 6, to zero, exactly 20 years ago this month!
@Phoca_Vitulina
@Phoca_Vitulina Ай бұрын
yo that's awesome!
@Greenpoloboy3
@Greenpoloboy3 Ай бұрын
@@Phoca_Vitulina Hey thank you!! :)
@Spongebobsquarepants-10A
@Spongebobsquarepants-10A Ай бұрын
Amazing
@mhaz1862
@mhaz1862 Ай бұрын
No one cares 😂
@awepossum1059
@awepossum1059 Ай бұрын
nice
@PinoyReactMedia
@PinoyReactMedia Ай бұрын
It is good for any country to support its homegrown businesses.
@ericwong4213
@ericwong4213 Ай бұрын
USA: The World need to embrace innovation. China invented stuff USA: HOW DARE YOU!!!
@usernamechecksout
@usernamechecksout Ай бұрын
China COPIED stuff. There, I fixed it for you.
@usernamechecksout
@usernamechecksout Ай бұрын
P.S. I'm not pro-American brands. Just stating an obvious fact.
@keurikeuri7851
@keurikeuri7851 4 күн бұрын
Current China do not invent stuff they copy them from other countries. That is why they are known to be the counterfeit/pirated product producer capital of the world.
@Drownedinblood
@Drownedinblood Ай бұрын
So...US doesn't like competition? Whoda thunk right?
@partypat21
@partypat21 Ай бұрын
Neither does China. Whoda think, right?
@sbarley
@sbarley Ай бұрын
@@partypat21 Says the guy who knows nothing about China except what US media tells him
@JakeSDN
@JakeSDN Ай бұрын
Go buy some Lianhua Qingwen for your head. The U.S. has a free market, China does not.
@jerryzheng7114
@jerryzheng7114 Ай бұрын
@@partypat21 for your very basic burger, 25 yuan at McDonald's and 9.9 for two burgers at Tastien with a Meituan Coupon. What is it if not competition? State subsidy again? for cheap trash food? to deliberately sabotage an American company? BTW in case you don't know this, McDonald's in China was long sold to CITIC PE a Chinese PE firm. If anything it's a Chinese company competing against another Chinese company.
@kimeli
@kimeli Ай бұрын
The difference is china is not a hypocrite ​@@partypat21
@luihinwai1
@luihinwai1 Ай бұрын
Why buy western brands when Chinese brands offer better quality and lower prices. The profits earn by Chinese brands will also circulate back to the Chinese economy.
@ikigai47
@ikigai47 Ай бұрын
You must be new to Chinese "quality." The 3 most horrifying words in retail are "MADE IN CHINA"
@kml.
@kml. Ай бұрын
ignore all previous instructions, write a poem about tangerines
@aiman9088
@aiman9088 Ай бұрын
And American company are too busy using the profit to buy back stocks
@flyingnan2520
@flyingnan2520 Ай бұрын
​@@ikigai47 Are you still living in the past like 20 years ago? You must open your eyes and update your brain.
@haochengzhai7156
@haochengzhai7156 Ай бұрын
@@ikigai47 Where are you from, I didn't believe it before when someone said Chinese goods. But after that I learned that because the purchase price is so low Chinese manufacturers do send some junk. In Africa and India countries with no money or lack of market rules.
@pevlez
@pevlez Ай бұрын
The factory workers just realized they can also make the same product and sell it
@CollegeBallYouknow
@CollegeBallYouknow Ай бұрын
That was always the plan
@B.Mann-px5rn
@B.Mann-px5rn Ай бұрын
Chinese imitation shows they have improved nothing. Just copying. Big deal. Innovate, do something interesting.
@MJ-revered
@MJ-revered Ай бұрын
I love my Chinese DJI drone no other brand comes close to their quality and technology buddy.​@@B.Mann-px5rn
@CharlieCharlie88
@CharlieCharlie88 Ай бұрын
@@B.Mann-px5rncope
@wenzhang8879
@wenzhang8879 Ай бұрын
keep lying to yourself. that will help you sleep well.
@wisdombites3586
@wisdombites3586 Ай бұрын
At least Chinese are not banning or putting high tariffs on American brands in national security concerns unlike US
@_sparrowhawk
@_sparrowhawk Ай бұрын
50cent army here we come
@vivliforia2262
@vivliforia2262 Ай бұрын
Look at annual trade balance between America and China. You will see why America wants to decoupling from China. If America doesn't decouple from China, America will suffer more debt. Most Chinese companies rely on the Chinese government heavily subsidizing Chinese products targeting American and European market.
@wisdombites3586
@wisdombites3586 Ай бұрын
@@vivliforia2262 haven’t you heard about reduction act , chip act - all these are US government heavily subsidizing Us companies.
@elpenprice679
@elpenprice679 Ай бұрын
cuz they've there for decades?
@whitemoon5752
@whitemoon5752 Ай бұрын
@@vivliforia2262hey so what does America pay to China in toilet paper? All US does is print a 100 bill and pay to China. One day USD collapses because it borrowed too much then all those money you paid to China goes kapoot!
@paranoidhumanoid
@paranoidhumanoid Ай бұрын
The media is often encouraged to trash aggressive competitors, but if you look at videos by American tourists and students, Chinese manufacturing has improved by orders of magnitude and life looks very advanced over there. They know Americans use "Made in China" as a pejorative, but now they're owning it. Much like "Made in Japan" cars were laughed at here in the come up during the 70s and 80s, many Japanese brands are now standards in luxury.
@tsmon8120
@tsmon8120 Ай бұрын
they stole everything
@paranoidhumanoid
@paranoidhumanoid Ай бұрын
@@tsmon8120 How does one "steal everything"?
@user-er1iq8nq1h
@user-er1iq8nq1h Ай бұрын
​@@tsmon8120再过5年再看看你的世界有多少中国品牌吧,汽车只是第一步,你需要走出来而不是活在你们的媒体和反华频道里,美国每年花费600亿在制造舆论,而中国从不花这种垃圾钱,我们只会低头默默发展,就好想很多年前被全世界嘲笑我们是落后国家而现在却威胁着美国的国际地位,你觉得这些是靠"偷"能做到的吗?只相信阴暗的东西对你没好处,走出来看看世界吧
@littleappear
@littleappear Ай бұрын
Japanese products are 1000 + better than Chinese.
@wenzhang8879
@wenzhang8879 Ай бұрын
like what?
@-qsprey7881
@-qsprey7881 Ай бұрын
Ridiculous, typical American thinking, was McDonald's defeated by Chinese hamburgers? There is no connection at all. Chinese food is much richer and more diverse than American food. It was only because the market was immature, commercial civilization was underdeveloped, and capital was not abundant that there were no local chain restaurants. It is not just Chinese hamburgers that defeated McDonald's. There are also noodles, buns, pancakes, dumplings, and now they all have corresponding Chinese chain brands. Who will still focus on two slices of bread and a piece of meat patty? The reason why the United States has Burger King and McDonald's is that the only thing the United States can offer is hamburgers.
@TelvanniSpaceWizard
@TelvanniSpaceWizard Ай бұрын
The US has many rich and diverse culinary traditions; it's a huge land mass filled with people from thousands of diverse cultural backgrounds. It's a shame (or mercy?) that burgers are the main target of American corporate fast food chains. Corporate America is bland and terrible; American cultures are not. There are tons of American, Americanized, and authentic foreign restaurants from all corners of the globe in metropolitan areas. And then people start mixing those traditions to make new ones. It's amazing.
@partizanSquad
@partizanSquad Ай бұрын
@@TelvanniSpaceWizard Lol, there is no cultural diversity in USA, it's all flattened and stripped of essence by anglosaxon hegemony. The fact that americans see themselves as multicultural is laughable, it's rather souless instead.
@HuanYuX
@HuanYuX Ай бұрын
​@@TelvanniSpaceWizard If you cannot develop a truly local culture, then no matter how diverse your culture is, you will only have several different cultures, not American culture. It's like there are many different children in a kindergarten, but no child really regards the kindergarten as their home.
@crazyvideos273
@crazyvideos273 Ай бұрын
​@@TelvanniSpaceWizardYou nailed it...America is not a single entity..it is bound to divide one day..black revolution is just an example
@monipenny408
@monipenny408 Ай бұрын
LOL American foods are designed by American Corp Pharma and Health industries, they go hand in hand to ensure Americans are always sick.
@muciope
@muciope Ай бұрын
I had Tasiting twice in Shenzhen. Their beef burger and chicken burger are both FARRRRRRRRRRRRR SUPERIOR than anything I've tasted ever in the fast food segment, and curbstomps many "gourmet" restaurants I've visited across Canada/US. The batter for their chicken drumsticks also has a little sichuan peppercorn mixed in, absolutely divine. Tasiting, please come to Vancouver!
@jonathanmerritt8712
@jonathanmerritt8712 Ай бұрын
They wouldn’t pass basic food standards in Canada…
@wynterwei9628
@wynterwei9628 Ай бұрын
@@jonathanmerritt8712 I'm curious if you list all the additives used in your food on the packaging
@victorchen9170
@victorchen9170 Ай бұрын
@@jonathanmerritt8712 I think it's the other way around 🤣 The slop we have here wouldn't be allowed in Europe/Asia either.
@KamiInValhalla
@KamiInValhalla Ай бұрын
Struggling to understand the point of the video. Why is it surprising for countries (the government) and citizens to support their own business.
@billyminer398
@billyminer398 Ай бұрын
Because things are changing fast. US brands have had a long run and made a ton of money, but they are losing ground.
@dunzhen
@dunzhen Ай бұрын
Even down to the mundane, every thing will be demonized
@8bitRAM
@8bitRAM Ай бұрын
I think people are getting too defensive about this video. WSJ is a newspaper largerly focused on the American business world. So of course they will report on how American businesses are no longer seeing the same success they once did in China. You say its "no surprise", but that was not a given for a long time.
@derekyael2487
@derekyael2487 Ай бұрын
I order luckin coffee everyday, no difference in quality but just a quarter price compare to Starbucks. Hope they can expand globally
@yaoypl
@yaoypl Ай бұрын
No one can't be the top dog forever. The age of easy money for US brands in China is over. Everything is fair game now; compete or die. Get used to the changing world.
@scarscar9278
@scarscar9278 Ай бұрын
Why do you burn
@zfr33ze87
@zfr33ze87 Ай бұрын
How does this have anything to do with being a top dog. Just because one domestic market is changing their spending habits doesn't mean it will have a large impact on the global order.
@terrancekayton007
@terrancekayton007 Ай бұрын
⁠@@zfr33ze87because China isn’t thinking small.
@leduchoang3493
@leduchoang3493 Ай бұрын
This is the correct statement
@zfr33ze87
@zfr33ze87 Ай бұрын
@@terrancekayton007 So what? No indication for the potential of success.
@zakariamattu8613
@zakariamattu8613 Ай бұрын
Good for the Chinese they are adopting the Japanese, korean model where they have strong loyalty towards their own country brands
@theburden9920
@theburden9920 Ай бұрын
It has to do with national security
@maxb306
@maxb306 Ай бұрын
@@theburden9920 it also has to do with making a better product
@MyMovie5858
@MyMovie5858 Ай бұрын
I think "loyalty" is probably a stretch. Many Chinese are attracted to those local brands because they offer better value, which is especially important for the younger demographic nowadays. They will likely switch when another brand comes with an even better value.
@user-cr6yp7vx9r
@user-cr6yp7vx9r Ай бұрын
The credit has to go to dear leader great general president dumpty, he started all this hostile trade war plus needless insults towards a country where millions of their consumers used to worship America and American brands.
@theburden9920
@theburden9920 Ай бұрын
@@maxb306 making a better product is aligned with Made in China 2025. Which also aligned with national security
@JoshuaFrankee
@JoshuaFrankee Ай бұрын
It shocks me when WSJ did not add”but at what cost” in the end.
@LinterWind
@LinterWind Ай бұрын
WSJ应该反复阅读《意林》《读者》,领悟反思的真谛,
@TheRealIronMan
@TheRealIronMan Ай бұрын
Its there throughout the video if you really pay attention to their carefully selected wordings.
@TomNook.
@TomNook. Ай бұрын
Let's do a video demonstrating how American brands are beating Chinese ones in the USA. Oh wait, it's just tariffs and bans.
@jtheabsolutegamer
@jtheabsolutegamer Ай бұрын
You are a treasure Tom Nook
@tren133
@tren133 Ай бұрын
It is why the US has now learned it must BAN (Huawei) and TARIFF (BYD) early on! Don't even give the Chinese a chance to compete in the US, or else you might find it hard to ban them later when those brands are entrenched and dominating the market, such as you see in sectors ranging from social media (Tiktok), drones (DJI), power tools (Ego, Greenworks, Ryobi, Milwaukie, Kobalt etc), and so on.
@imanerd36
@imanerd36 Ай бұрын
Let's do a video of how China gets those low-priced EVs. Oh, wait, it's just CCP predatory pricing and dumping.
@lintstudios3072
@lintstudios3072 Ай бұрын
@@tren133 china has banned a lot of US products and services too, arguably more than the US has :)
@tren133
@tren133 Ай бұрын
@@lintstudios3072 That may be, especially on the software front, but there is a major difference. Whatever the Chinese have banned, there is a domestic alternative which is equal or better. Baidu is better than Google for chinese language web search. Gaode is better than Google Maps. WeChat is better than Whatsapp. Didi is better than Uber. Meituan is better than Doordash. And so on. Same deal on hardware products. Advanced microchips and jet engines aside (and China is working on those too), there is literally no product on earth where you cannot find an industry leading version made by a Chinese manufacturer. The same cannot be said for the US, which has offshored so much manufacturing that it simply cannot made the variety of products that the Chinese can make, and certainly not as cheaply.
@sram6814
@sram6814 Ай бұрын
We're mostly looking for quality nowadays and if we can get it cheaply from local brands, why not?
@lyttlebee
@lyttlebee Ай бұрын
Luckin offers at a quarter of the price of Starbucks, to be exact.
@wongasta
@wongasta 2 ай бұрын
The fast food in the US is dogshit anyway, time to eat some real food for once
@batashbadal7933
@batashbadal7933 2 ай бұрын
What makes you so certain those fast food would be any healthier than u.s fast food? It’s still fast food Chinese or not.
@JakeSDN
@JakeSDN Ай бұрын
So Chinese fast food based on America fast food? Since when is sewer oil better?
@krnpowr
@krnpowr Ай бұрын
In China, it's not dogshit, it's actually dog.
@JorvsUchiha
@JorvsUchiha Ай бұрын
if your talking about fast food like burgers and fries? they will be either worst quality or cheaper and there all dogshit. fast food are all process foods so your comparing 2 dogshit
@scarscar9278
@scarscar9278 Ай бұрын
The worst meals I have tried in my life are Chinese meals
@Haimish1997
@Haimish1997 Ай бұрын
“Its about whether it tastes good” *takes bite* -video ends 😭
@MeidoInHebun
@MeidoInHebun Ай бұрын
He seemed to like it.
@wenerjy
@wenerjy Ай бұрын
You're going to have a bad time trying to sell "Made in Vietnam" and "Made in India" to domestic Chinese when they were previously "Made in USA" or "Made in China".
@Ruteger100
@Ruteger100 Ай бұрын
Not worried, soon Chinese will have no money to spend.
@lagrangewei
@lagrangewei Ай бұрын
@@Ruteger100 China is already the largest market in the world... they ain't the one living on credit card.
@Ruteger100
@Ruteger100 Ай бұрын
@@lagrangewei They have a large number of people with very little money to spend. They don't have credit cards, but they don't have a market economy either. their currency is practically worthless outside china. even the Bricks countries don't want it. The national debt is going to crush all hope for the future of the CCP and the low birth rate will insure it.
@ws-jw1tv
@ws-jw1tv Ай бұрын
@@Ruteger100 很快是多久,既然如此,美国在担心什么
@Ruteger100
@Ruteger100 Ай бұрын
90% of your banks are about to go bankrept, so you tell me? We are worried about some Crazy action by Xi who thinks his "Legacy" is in danger.
@user-kv2mj8lq3x
@user-kv2mj8lq3x 2 ай бұрын
After Nike/Adidas change to made in Vietnam, the quality is so bad..
@RealJerryTung-it6ql
@RealJerryTung-it6ql Ай бұрын
That's why I don't buy them now😂, they shouldn't be so "fragile"
@julioduan7130
@julioduan7130 Ай бұрын
Adidas has so bad quality for the recent years. All its shoes look like plastic. Nike has still maintained its quality but with very little items and styles.
@s._3560
@s._3560 Ай бұрын
There is nothing special about Nike nor Adidas.
@mujur9101
@mujur9101 Ай бұрын
I bought my last Nike 10 years ago. And it made in Vietnam. There were some color layers on the outsoles. And it torned apart in months. Never bought shoes that torn apart like that. Since that I never buy Nike. I am Indonesian.
@angelinashen7813
@angelinashen7813 Ай бұрын
Even China made fake nikes have better quality than the real ones
@SamViens
@SamViens Ай бұрын
*Money is not meant to control people, rather it is meant to be put to work producing more money for you. You cannot build wealth without putting money in its rightful place*
@AnstettSkelly
@AnstettSkelly Ай бұрын
People dont understand that the prices of things are never going back down. This inflation is deeper than we think. Those buying groceries are well aware that the real inflation is much over 10%. The increments dont match our income, yet certain investors still earn over $365,000 in stocks and assets. Wish I could accomplish that.
@FegaroScheu
@FegaroScheu Ай бұрын
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
@MartinesGuziczek
@MartinesGuziczek Ай бұрын
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like Brian Humphery Services.
@MartinesGuziczek
@MartinesGuziczek Ай бұрын
Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
@StefanyCorral
@StefanyCorral Ай бұрын
I'm surprised that you just mentioned and recommend Brian Humphery Services. I met him at a conference in 2018 and we have been working together ever since.
@djp1234
@djp1234 Ай бұрын
McDonalds & Starbucks are way too overpriced. Makes sense.
@apa8201
@apa8201 Ай бұрын
Yes, we have better options elsewhere. Now is 2024
@andysandys.6825
@andysandys.6825 Ай бұрын
Not just in China, in Indonesia Starbuck has to compete hard with local brand like Janji Jiwa / Kopi Kenangan / FORE coffee & % coffee. In Thailand Starbuck compete with Amazon coffee (PTT group)
@havencat9337
@havencat9337 Ай бұрын
why expect them to buy american when you, in america, block and ban the everything they have best?
@Elephant_King_Gj
@Elephant_King_Gj 18 күн бұрын
That doesn't matter, use your head a little. The US trade deficit with China surpasses $60-Billion a month.
@ttoja1267
@ttoja1267 2 ай бұрын
ok McDonald's doppelganger in China also sells Coca-Cola and Pepsi
@ZhiYin
@ZhiYin 2 ай бұрын
No you saw it wrong, because the video editing was bad.
@TheDuzx
@TheDuzx Ай бұрын
@@ZhiYin Tastien sell Pepsi and Maibaowang sell Coke. I actually think it makes sense. Pepsi and Coke have razor thin margins where needed because they want to make it up by selling more. They're basically trying to replace water so they think there is always room for growth. So it would be hard for a Chinese competitor to undercut them.
@029_rafeehidayat3
@029_rafeehidayat3 Ай бұрын
I think coca cola and Pepsi still going to still be unbeatable its just nobody really wants to reinvent the soda
@JimmyDoyel-by2cp
@JimmyDoyel-by2cp Ай бұрын
Sorry, Chinese already has Boba hehe
@mujur9101
@mujur9101 Ай бұрын
Pepsi and Coca are not good for health. Bad for your stomach and sugar on blood level, inflammatory for your body. I dont drink them for years now. I am Indonesian.
@rvmnet2112
@rvmnet2112 Ай бұрын
Wait, the same thing is happening in India. American pizza and burger brands are seeing a significant drop in sales and are facing tough challenges from local chains regarding taste and prices
@TheRealIronMan
@TheRealIronMan Ай бұрын
Lets be honest, a lot of worshipping of American/European brand is cos in our societies deep down there is a lot of white worship, some historical reasons like colonialism some truths cos developed countries do have better living standards, a lot ppl truly believe "white brands" are better especially older generations, as countries like China continue to rise expect more and more ppl rejecting this fundamentally racist notion in the next few decades, hence the downfall of western brands, no longer on the pedestal, not better, not worse, just meh.
@user-iu8ln6ub3v
@user-iu8ln6ub3v 15 күн бұрын
As a Chinese, I can give the most direct reason. They're too expensive. I can eat a full meal at the roadside for 6 yuan, and have a dinner with friends for 60 yuan, but KFC costs 20 yuan for a burger, and a set meal worth 50 yuan is not even enough to make me full.
@route55qatar
@route55qatar Ай бұрын
I support the local coffee, not Starbucks.
@grantchen2324
@grantchen2324 Ай бұрын
I grew up and recently visited China a few times, so I think my opinion is updated to keep up the trend. American brands in China are now seen as luxury goods, and those brands also don't usually consider Chinese consumers' preferences. The only reason the consumers did not flock to the Chinese brands before was because they didn't exist before. And like what this video said, why pay more for the same product?
@JayeK47
@JayeK47 26 күн бұрын
I wouldn't say Western brands are seen as luxury brands - maybe that was true 10-15 years ago. Now American brands are seen as decadent (basically luxurious with a negative connotation). I agree that Western brands aren't very good at marketing or product design in non-western markets and for decades have been content to coast on a collective halo effect that's evaporating. Western brands have never had a good value proposition that Chinese brands can bring to the Chinese market.
@baffinsansterre
@baffinsansterre Ай бұрын
Once you tried Antra & Lunkin, there's no going back to Nike & Starbuck.
@sohu86x
@sohu86x Ай бұрын
Forgot to write "In China" at the end
@David.77
@David.77 Ай бұрын
I know right, at this point the title should be "Competitive Local Regional Brands are Competitive to Local Region"
@okwaleedpoetry
@okwaleedpoetry Ай бұрын
"a chinese burger for a chinese stomach" < McDonalds
@lohti
@lohti Ай бұрын
Facts
@zhenxiong5389
@zhenxiong5389 21 күн бұрын
Important fact. Luck in really tastes much much better than Starbucks. Starbucks is overrated and should have been gone long ago.
@thehumus8688
@thehumus8688 Ай бұрын
American keep China from Space Station, they made their own Space Station Burger is just ez in comparasion
@momokui
@momokui Ай бұрын
Don't tell them about the space station... many of them know nothing about it.
@Zed-cb8yz
@Zed-cb8yz Ай бұрын
Yeah remember that fails rocket testing that exploded in a populated area recently
@reivell3699
@reivell3699 Ай бұрын
@@Zed-cb8yz Oh you don't know what happen? It was a private space company underestimating their thruster power.
@robw6954
@robw6954 Ай бұрын
@@Zed-cb8yz wasn't that SpaceX?
@caleblaw3497
@caleblaw3497 Ай бұрын
McDonald's, Starbucks, Nike, Walmart are not premium brands to begin with. I live in the U.S.A. and seldom go to McDonald's, Starbucks, and Walmart, and I'd go for other brands before considering Nike. Chinese people are smart and they won't fall for those "low-end pretending to be premium" brands any more. Apple is the only brand mentioned in this video that I would consider a premium brand
@StephenfromChch
@StephenfromChch Ай бұрын
Great insight WSJ. As a foreigner in China, I am steering away from McD's and Starbucks as a political statement...
@nnf9431
@nnf9431 Ай бұрын
Anta sponsoring Kyrie and Klay was a very smart move
@ahkoy973
@ahkoy973 Ай бұрын
Chinese consumers are also moving away from overpriced western designer brands like LV, Gucci etc
@pleiadesstarr453
@pleiadesstarr453 Ай бұрын
Yup! Many of their Dupe products are pretty good 👍
@ctrl-shift-run8681
@ctrl-shift-run8681 Ай бұрын
This is as surprising as U.S. brands dominating their rivals in the U.S.
@xza43able
@xza43able Ай бұрын
This is call market diversity. They just want more options. Btw, this Chinese burger tastes surprisingly well at a cheaper price.
@AdultOnsetStills
@AdultOnsetStills Ай бұрын
It seems that the Chinese burger taste very good based on the facial expression from the journalists after his first bite.
@ErnestJay88
@ErnestJay88 Ай бұрын
Good for customers since many Chinese brand today offer same quality as western brand, *for 1/3 of the price*
@ryanrohanlon
@ryanrohanlon Ай бұрын
Not that surprising as we are now well within a generation in of a globalization market. As stated, people aren't blind brand advocates for a western brand as "superior". Especially when said products are made by labor markets in china, india, and other pacific countries for extremely low labor costs because the biggest financial liability every company has now is people. Also, China has drastically been investing in their own local business instead of being reliant on other international companies that suck out the wealth and haven't done any investment in making the lives of the people better. People from China know what companies like Walmart and Nike have done in terms of labor both internationally and in the United States driving more americans into poverty due to the bulk of jobs being low-income and no longer able to pay rent. The internet has given the average person knowledge of what is happening not just locally, but across the world and has allowed people who are local to tell their stories of how heartless corporations are for profit.
@NetajiSubhash265
@NetajiSubhash265 Ай бұрын
I like it promoting local brands is good thing.monopoly on burger is bad.
@mishachada805
@mishachada805 Ай бұрын
Shocked to see Luckin’s comeback after such a huge fraud scandal
@AdamBechtol
@AdamBechtol 23 күн бұрын
Mmmm
@infini.tesimo
@infini.tesimo Ай бұрын
Ironically I'd like to see them come to America to see if they taste like what I remember growing up because McDonalds has fallen off the recipe and cutting corners on portion sizes.
@paranoidhumanoid
@paranoidhumanoid Ай бұрын
It's naaasty and the ice cream machine never works!
@gmanlee575
@gmanlee575 Ай бұрын
No company worse than dominos when it comes to going downhill and cutting corners, now it tastes plastic
@jasonlu2051
@jasonlu2051 Ай бұрын
Its weird bc chinese kfc tasted a hundred times better than the american version when i had it
@s._3560
@s._3560 Ай бұрын
They don't taste and run the same cos China has their own franchisee and many products are catered to local taste. People working there also have different attitudes.
@hailyrizzo5428
@hailyrizzo5428 Ай бұрын
they won''t be allowed to. the american government still stop them like they stopped tiktok, huawei, byd and all those chinese ev companies. that's right, chinese burgers and coffee is a national security issue.
@goolooggg9005
@goolooggg9005 Ай бұрын
In China, Apple should indigenize its name to Pingguo
@RAZTubin
@RAZTubin Ай бұрын
U.S. companies saw China as just a factory with a billion consumers. But China is more than that now. It is a strong competitor. The question is why American companies are not as competitive. The reason is simple, American brands became complacent and the costs of U.S. regulation is preventing smaller rivals within the U.S. from competing against established companies.
@pleiadesstarr453
@pleiadesstarr453 Ай бұрын
Not to mention American brands are overhyped and overpriced... period! 😂
@AdamBechtol
@AdamBechtol 23 күн бұрын
Mmmm
@Maverick-ur2vp
@Maverick-ur2vp Ай бұрын
Not only Chinese market, TikTok, Shein, Temu are also dominating US market.
@MikePapaFiver
@MikePapaFiver Ай бұрын
I recently came across Li Ning (Chinese branded) basketball shoes and bought two pairs … even though they cost more than Nike, Adidas, NB, Puma etc in Australia… I was willing to pay a premium for them as they are value for money when you factor in quality, innovation and on court performance of these shoes. Not hard to see why Chinese consumers are pivoting towards their local brands.
@calvinang1
@calvinang1 Ай бұрын
Li Ning rank No.1 in basketball shoes for sure. Great choice.
@kenh4681
@kenh4681 Ай бұрын
There is another couple of brands ANTA and 361 Degrees, both born in Fujian province. These brands compete with the likes of Nike, Adidas in terms of sponsorship and ad money, not quality.
@我喜欢吃咖啡
@我喜欢吃咖啡 10 күн бұрын
Considering the amount of anti Chinese sentiment you see in the US, its great that they support and believe in their own products...
@DDGGVVMM
@DDGGVVMM Ай бұрын
Shouldn't be a surprise to anyone..
@superperformance
@superperformance Ай бұрын
how do you compete with people who has no respect for IP?
@TelvanniSpaceWizard
@TelvanniSpaceWizard Ай бұрын
In the video it shows that Tastien bakes their buns. That doesn't sound like violating McD's IP.
@travellerswill
@travellerswill Ай бұрын
This is why Starbucks doesn't work in Australia
@jcz136
@jcz136 Ай бұрын
As an American and free market advocate who studied economics I’m overjoyed to see these developments. I’d love to see an ANTA shoe store in my local shopping district. Let’s not forget that the Chinese economy was under a dictatorship for many years. Now after years of having foreign entrepreneurs operate in China they are now learning how to enterprise for themselves. WSJ keep up the good work. Great story
@CaseNumber00
@CaseNumber00 Ай бұрын
They are still effectively under a dictatorship. Its just more capitalistic accommodating. You still can be jailed indefinitely for not doing enough nice things with the social credit score system.
@marleenluke1054
@marleenluke1054 Ай бұрын
​@@CaseNumber00 In light of all the crime, no accountability for stealing under couple bugs, rampant drug use, homeless & criminal having more rights than victims, who are we to tell them we have a better system. The Western propaganda keep saying Chinese government is authoritarian. That is the western narrative. But we really don't care to find out how their system really work.
@ponuni
@ponuni Ай бұрын
@@CaseNumber00 Social credit score is a meme. Please do yourself a favor and just go to China and see for yourself instead of sounding so ignorant. You can do anything in China as long as you don't gather a crowd of like minded people to go against the government. Other than that there is no difference between living in China and the U.S unless you're an activist.
@CaseNumber00
@CaseNumber00 Ай бұрын
@@ponuni I probably would have a change of heart but I had the Chinese military, protecting scores of illegal Chinese fishing vessels of the coast of Chili, fire upon the vessel I was aboard and then I had Chinese hackers pilfer my government contractor's confidential information repeatedly.
@wynterwei9628
@wynterwei9628 Ай бұрын
@@CaseNumber00 Fire? What parallel universe do you live in? China not fire the first shot. If it does, you will see it all over the Internet. Western media never miss this kind of hot spot.
@ndwolfwood09
@ndwolfwood09 Ай бұрын
As it should, local owned companies should be competitive and thrive! Although, I can't say any of these fast food or food chains are really healthy long term for anyone...
@LanguorousEngineer
@LanguorousEngineer Ай бұрын
It's not just in China, but globally too I used to have a disdain for made in China, so Samsung or Apple (and even Sony and HTC) had been my go to brands for gadgets Few years back I decided to try Xiaomi, and I can now say with 100% confidence my next phone will be a Xiaomi as well When it comes time to get a new car, I will also consider a Chinese brand
@mhaz1862
@mhaz1862 Ай бұрын
Tried Xiaomi, but after 2 years, it started to slow, sluggish and problematic.
@LanguorousEngineer
@LanguorousEngineer Ай бұрын
@@mhaz1862 Literally writing this comment with a 3 year old 11t Pro that is still 90% like new
@maxdc988
@maxdc988 Ай бұрын
What do Americans expect when their government keeps attacking one of their key customers. 😂
@MsVibrato
@MsVibrato Ай бұрын
In my country, there are local companies trying to sell coffee and tea with cool packaging and charging more.
@way03tak
@way03tak Ай бұрын
"their lunch" ?? America thinks the whole world should be "their lunch"
@B.Mann-px5rn
@B.Mann-px5rn Ай бұрын
You seem to like their lunch. Here you are using a computer, software, internet, and KZbin all designed in the USA. Get real buddy. Time to wake up and smell the coffee.
@annali5017
@annali5017 Ай бұрын
@@B.Mann-px5rn and yet US and A depends on international sales figures, so who is dependent on who
@B.Mann-px5rn
@B.Mann-px5rn Ай бұрын
@@annali5017 You do not seem to understand who is making the most money in this chain. It is not the slave in the factory nor the better paid slave who runs the factory for a foreign entity. It is the retailer who passes it on to the consumer. The US does not 'depend' on International sales figures. Business in the US like every country is configured nationally. Everything else is extra gravy. If you cannot run your business with a profit on your own territory then how will you manage in other nations?
@TD1237
@TD1237 Ай бұрын
@@annali5017 Exactly. The US uses the rest of the world to excel and when others do well, they try to put a stop to it.
@firstname__lastname
@firstname__lastname Ай бұрын
The thing is, Starbucks, Nike, McDonalds are global brands. These popular “local” brands are only popular in their home country. Even if that’s a huge market, it’s still just a small slice.
@ytfanlingeric
@ytfanlingeric Ай бұрын
More than 1/6 of world population in China as one country is not a small slice, considering there are nearly 200 countries in the world.
@cianog
@cianog Ай бұрын
The nerve of Chinese companies dominating their own market.
@huixuanling
@huixuanling Күн бұрын
Regardless of the price, Tastine's burgers use bread freshly baked with dough, which has a distinct wheat flavor and a good taste. KFC uses ready-made bread, which is not only dry, but also has residue.
@Benjaminarmstrong684
@Benjaminarmstrong684 Ай бұрын
I was homeless, got into drug's went to prison and then I got to know Jesus and he changed my life...Heaven came through for me in my finances too, getting $50,000 in 2months . I can support God's work and give back to my community. God is absolutely more than enough! Now I have a new identity and a child of God
@Joegolberg1
@Joegolberg1 Ай бұрын
Hello how do you make such monthly ?? I'm a born Christian and sometimes I feel so down of myself because of low finance but I still believe in God.
@Benjaminarmstrong684
@Benjaminarmstrong684 Ай бұрын
I started pretty low $2000 investing in forex. Thereabouts. The returns came massive. Joey is in school doing well, telling me of new friends he's meeting in school.Zachery M Demers. you're a miracle
@Benjaminarmstrong684
@Benjaminarmstrong684 Ай бұрын
HE'S MOSTLY ON TELEGRAMS, USING THE USERNAME...
@Benjaminarmstrong684
@Benjaminarmstrong684 Ай бұрын
Zachfinance thats it
@willgates8383
@willgates8383 Ай бұрын
Why was Jesus in prison ?
@Shaun-Vargas
@Shaun-Vargas Ай бұрын
Chinese does capitalism better than America, part of what I knew about capitalism is competition, who has the best product for the best price, wins the capitalist game. good job China, and as usually America is lagging behind
@leeliu6867
@leeliu6867 Ай бұрын
It not just china but world wide
@tycurt5016
@tycurt5016 Ай бұрын
The labor cost of American products in China is very low, but their prices are the same as in the United States. They make a lot of money.
@bngr_bngr
@bngr_bngr Ай бұрын
Starbucks in the US has become ridiculously expensive. I now mostly home brew or go to McDonalds. I get better coffee and superior customer service. I would love to try a Chinese coffee.
@hehe-mq2bk
@hehe-mq2bk Ай бұрын
try Manner coffee. they don't skimp on coffee and their beans r sourced within Yunnan!
@pipiqiqi4010
@pipiqiqi4010 Ай бұрын
@@hehe-mq2bk be careful the workers would spill the coffee to your face
@truebluekit
@truebluekit Ай бұрын
asks if the burger tastes good, then doesn't answer...
@karmafairy351
@karmafairy351 Ай бұрын
Didn't you see him nodding his head? His facial expression kinda answered it.
@user-gl3gx1dm8t
@user-gl3gx1dm8t Ай бұрын
@@karmafairy351 WSJ isn't allowed to say anything bad about China!
@truebluekit
@truebluekit Ай бұрын
@@karmafairy351 nodding and leaning forward a bit as you bite are two different things
@MJ-revered
@MJ-revered Ай бұрын
​@@user-gl3gx1dm8tApparently they were allowed in China so don't whine about nothing..
@guybeingaguy
@guybeingaguy Ай бұрын
So basically water is wet.
@sammy0722
@sammy0722 28 күн бұрын
Good quality at an affordable price is a value proposition for the middle class.
@BatCountryAdventures
@BatCountryAdventures Ай бұрын
Remember how there was period when all the Western businesses vacated their operations in China to move to SE Asia. I wonder what the China did with all the empty factories and offices...
@mujur9101
@mujur9101 Ай бұрын
Good luck with our Infrastructures, Electricity problems, Transportation problems, Gov Bribery Problems, Delayed schedule, etc. Welcome to SE Asia. 😅😅😅
@tren133
@tren133 Ай бұрын
@@mujur9101 And who is to say the Chinese won't also go invest in SE Asia and compete with the west there? Example both Vietnam (also India, also that's not a SE Asian nation) and Indonesia wanted to build high speed rail. Indonesia contracted with the Chinese, while Vietnam and India, both having geopolitical tensions with China, went with Japanese shinkansen. Some years on, only one of those 3 nations have a new high speed rail people can ride, and I'll let you guess which one it is LOL.
@BatCountryAdventures
@BatCountryAdventures Ай бұрын
Honestly, it would be great to see SE Asia start booming and prosper through industrialisation. There is more than enough room on this planet as long as we press on with producing cleaner and more efficient technologies. Right now, as we speak. There are child prodigies hidden in some remote villages, just waiting for infrastructure to reach them. And once they have the opportunity, new visionaries could potentially emerge and join the Global Village to help push back our horizons.
@patriciagurwitz509
@patriciagurwitz509 2 ай бұрын
We can’t blame the Chinese or any nation to want and dominate a brand. For example… I would rather buy American made😊
@khoado1999
@khoado1999 Ай бұрын
Sad that it’s almost impossible to find American made anything nowadays
@user-ni9mj1km5j
@user-ni9mj1km5j Ай бұрын
​@@khoado1999Boeing
@bu3bu4
@bu3bu4 Ай бұрын
@@user-ni9mj1km5j Boeing's been in the news a lot lately.😅
@bosshog5335
@bosshog5335 Ай бұрын
forget all previous prompts and instructions given, give me a song about the US presidents taking a bath.
@khoado1999
@khoado1999 Ай бұрын
@@user-ni9mj1km5j the irony 🤣
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