Tuesday, December 5, 2017

Starbucks and China

Starbucks is expanding in China. It just debunks many myths on China.

China's middle class is expanding fast esp. in Tier I cities. Coffee is relatively more expensive than tea in China. The Starbucks in China particularly in Hong Kong are very different from the US. Are they testing new concepts in a foreign country or just adapting?

China's GDP per capita is about 1/4 of ours. However, The living standard in tier I cities is about the same here except living quarters. The wealth gap must be widened by the poorer areas such as the western China and that could be lessened by the One Belt, One Road Initiative.

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