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| Topic: |
Business
|
| Number of pages / Number of words: |
38 / 10623 |
Essay's paper body
While some were acting in the belief that they
could preempt competition and gain first-mover advantage,
“through the 1980s and 1990s, China disappointed. Carmakers
came, made losses, argued with their Chinese partners,
lamented the leakage of their technologies, and often left
again.â€
3
Despite this, new foreign investment in 2003 was estimated
by the
China Economic Review
to be creating at least
20 percent overcapacity relative to growth in consumer
demand...
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Yet, by
2001, both firms had exited the market, unable to reach profitability
in the face of cultural barriers such as the inability of
women to drive to supermarkets and low acceptance of ice
3. “The Great Leap Forward,â€
The Economist
, January 30, 2003.
4. Ibid.
Chapter 2 • Assessing Market Potential 29
cream as an eat-at-home dessert...
Essay fragment
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