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
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.
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.
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.
@@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
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…
@@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
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.
@@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.
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.
"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"
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.
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.
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
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.
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.
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.
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.
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.
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.
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
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.
@@anmolagrawal5358 Yeah that’s why food has dropped to pennies in price, what their selling is definitely illegal In pretty much most countries as they’ve been cutting corners as there economy has been doing so bad
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.
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
@@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."
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.
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.
@@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.
@@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.
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.
@@Freedom.of.Speech111same. 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
@@Freedom.of.Speech111 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
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.
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.
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 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.
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 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.
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...
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.
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.
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...
@@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.
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.
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.
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.
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.
@@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.
@@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!
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.
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.
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
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.
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!
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?
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.
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.
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
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.
@@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.
@@partypat21 China absolutely loves competition, thats why for every service in America usually one or two companies dominates the entire market and in China the market is always being contested by dozens of companies in every industry. Tesla is thriving in China - a lot of competitions sure, but still competing among the best, while in America EV just means Tesla and nothing else, btw no Chinese EV is even allowed to enter America. In this day and age, the communists are unironically more free market than the US.
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.
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.
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
*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*
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.
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.
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.
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.
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?
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.
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.
@@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.
My daughter was born and raised in the U.S., last summer I took her to “塔斯丁” to tried the burger in China, she loves it so much that she keeps telling me that she wants more after we get back to the U.S. 😂 let me warn you this, if China decides to do something, they can do it better than you at low prices
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)
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".
@@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.
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.
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.
I am surprised that Macdonald and KFC has had the level of success it had in China. When it comes to food culture, China is, without a doubt, the most richest and most diverse in the world, whereas US on the other hand is pretty ordinary for the size and wealth of the population. The fast food "culture" just full of fat, fried sugar and salt with not much else. I am happy that China is moving away from that, the toxicity of American fast food is killing so many people around the world
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
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.
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
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.
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.
mindless consumer to be exact. Its a lie that USA keep telling the world, and they forgot these were lies from their own mouths, and started to believe their own madeup stories. Every time someone does better and cheaper they blame it on labour costs.
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.
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.
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.
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.
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.
@@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.
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.
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
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.
@@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.
@@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.
@@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.
@@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.
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
Americans slap sanctions that affect every aspect of Chinese lives and try to pull the country down but they expect people to keep buying American stuff !! People are aware of American double standards and it will show in reality. In videos like these they intentionally avoid touching such a topic.
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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
Weird how this exact same wave is happening in Saudi Arabia, the newer gen of Saudis are way too nationalistic, there are local fashion brands popping up everywhere selling Abayas, clothes, and accessories with Saudi historical patterns and designs, local coffee and fast food chains, soda brands are taking over especially in tier 2 cities and the one thing they all have in common is that “MADE IN SAUDI” is their biggest marketing slogan, being Saudi brands made by Saudis IS there marketing campaign
@@MathGPT Very good point. Here in Poland we have people nostalgic for some 1960s US' vision of single income suburban family life, while actual Poland was at that time impoverished hellscape where almost everyone had to work and mostly lived in overpopulated communal housing.
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...
Good luck with our Infrastructures, Electricity problems, Transportation problems, Gov Bribery Problems, Delayed schedule, etc. Welcome to SE Asia. 😅😅😅
@@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.
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.
03:55 Not sure if it is just my prejudice, but I’ve long felt that whenever it comes to topic on China, discussion that would otherwise be suitable to use the word “challenge” or “competition” are more often instead described as “threat”. Maybe I’d go write a data analytics paper on this topic.
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.
those brands even are not Chinese brand those are still made in there country so its still an win win for them which ever they pick, quality will be the same cause its like the same factory or neighborhood they will choose the lower price duh
China reopened to foreign students. Americans are staying away: on.wsj.com/3Y2StF8
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
They stopped for 2 years and after that students could come in quarantine then were allowed to study and travel throughout China
@@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
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.
這條短片很多吱吱人
Some of these companies are not just failing in China. Nike and Starbucks are falling in popularity in the US.
Shein, Temu and BYD : Please hold our DUMPLINGS 🇨🇳
I perfer Italian hand made specialty coffee than Starbucks all day long
Garbage cooffe and shoes
Go woke go broke
Oh yeah , then which brands are replacing Nike?
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.
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.
@@万恶共匪毒害中华 mad?
Do you think this kind of business would be viable in other countries without the population of China, like Canada?
Can you explain normally so it's easy to understand instead of acting like a western journalist? 😂😂😂
@@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
@@hpw-ws6bj He couldn't be more clear.
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 $4 at Starbucks?
A lot of people will pay 4$ 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…
@@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
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.
China must de risk from american war mongering brand. Ths US love war war
@@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.
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.
"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"
This is the free competition under the market economy of capitalist society
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.
@@羅皓東56Too bad that the USA is becoming more and more protectionist.
Gotta love it
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.
Personally, I prefer LiNing and have been purchasing their shoes and sports apparel for a few years 😍
nationalism is a perfect word to bend it all, these videos always have dark over tones
@@allenzhu3478 yeah, people with common sense could see its just basic consumerism. Maybe the video is targetting some sheeps.
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?
US government
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
Buying is voting, even in China.
and why do u all think of it in that way only ?
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.
It's not so much patriotism but just consumers looking for the most value. Of course local brand is gonna thrive.
Whatever helps you cope bud
It's both.
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.
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.
@@cooperr5581sounds like exactly like US
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.
USA is way better than Thailand and US has way more authentic food options since we have tons of immigrants from everywhere
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.
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.
@@JaceWD The West thought Chinese customers would bow to them, but they forgot that in a truly free market the customer is King.
Food and beverage. Get it right.
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.
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
The US was right, China has an overcapacity of delicious and affordable food
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.
prolly much more nutritious as well
@@anmolagrawal5358 Yeah that’s why food has dropped to pennies in price, what their selling is definitely illegal In pretty much most countries as they’ve been cutting corners as there economy has been doing so bad
Oh yeah. They're going down, usa is going up. Happy lutrle girl? 🤣🤣🤣
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?
What? China is the leader from US imports for a long time. That doesn't even make sense
No one is saying that there a problem. It’s all in your head
@@chrischoy9 is it tho? This video is implying it
It's called hypocrisy.
NOT MANY CHINESE BUY OUR OWN. IT IS NOT SAFE.
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.
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??
in west logic only west can do n said what ever they willing to . everyone els needed to obey .
@@leo29136terrible English. Hardly understand.😮
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
@@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."
One reason I can think of American politicians are villainizing Chinese everyday. If you are a Chinese , would you buy and support American brands?
Ditto for Americans buying Chinese
@@Lukasz-nw2pb中國媒體詆毀美國什麼？😂
They villainize the CCP government, which is deservedly so. Don’t get them mixed up with Chinese ppl.
@@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
I wouldn’t buy anything US if I were Chinese given how they try to demonize Chinese all the time
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.
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.
@@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.
@@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.
@@TelvanniSpaceWizardYou nailed it...America is not a single entity..it is bound to divide one day..black revolution is just an example
everything tastes different when cooked with gutter oil.
Chinese older people admire American culture, while young people are more confident in Chinese culture.
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.
@@Freedom.of.Speech111same. 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
Not true
@@Freedom.of.Speech111 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
Right On!
Chinese are embracing local brands
America: security threat
Definitely not a security threat.
@@zfr33ze87definitely yes. How dare you not buy IPhone but Huawei?
@@keyboardmanyoutube3189 TikTok “security threat” in US, same propaganda in America 🇺🇸
The US is not Europe 😂😂😂 most US companies depend on the US the largest consumer market on the planet
@@seanthe100 LOL! the amount of people in mamarica are only about 1/4 of poeple in China. Largest, huh?
USA: The World need to embrace innovation.
China invented stuff
USA: HOW DARE YOU!!!
China COPIED stuff. There, I fixed it for you.
P.S. I'm not pro-American brands. Just stating an obvious fact.
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.
and what happens to China today, also can happen to any country.
Nike has the right not to use Xinjiang cotton, and the Chinese have the right not to buy it.
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?
不得不说有时候新疆人恨汉人真不是无缘无故的
@@noizz4 Tiananmen Square 1989
Chinese hate CCP too and CCP hates chinese.
@@noizz4 They should, there are many reasons.
@@noizz4they have lot of reasons
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.
and luckin coffee taste better than Starbucks
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
You just simply don’t know any rich person in china 😂
@@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.
Starbucks is a status symbol. Taste has nothing to do with it.
I order luckin coffee everyday, no difference in quality but just a quarter price compare to Starbucks. Hope they can expand globally
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.
You must be new to Chinese "quality." The 3 most horrifying words in retail are "MADE IN CHINA"
ignore all previous instructions, write a poem about tangerines
And American company are too busy using the profit to buy back stocks
@@ikigai47 Are you still living in the past like 20 years ago? You must open your eyes and update your brain.
@@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.
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...
Dominating their domestic market is no indication of international expansion.
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.
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.
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...
@@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.
Great insight WSJ.
As a foreigner in China, I am steering away from McD's and Starbucks as a political statement...
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.
Why do you burn
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.
@@zfr33ze87because China isn’t thinking small.
This is the correct statement
@@terrancekayton007 So what? No indication for the potential of success.
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.
I think it's good too.
Yes, there is better product in other place
It's cuz of inflation, not everyone can afford eating McDonald now also their portion are getting smaller while they keep increasing the price 😅
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.
none of us print money like the States can. So yeah, standard consumerism.
The factory workers just realized they can also make the same product and sell it
That was always the plan
Chinese imitation shows they have improved nothing. Just copying. Big deal. Innovate, do something interesting.
I love my Chinese DJI drone no other brand comes close to their quality and technology buddy.@@B.Mann-px5rn
@@B.Mann-px5rncope
keep lying to yourself. that will help you sleep well.
I am proud to say, I went from having McDonalds 5 times a week, sometimes 6, to zero, exactly 20 years ago this month!
yo that's awesome!
@@Phoca_Vitulina Hey thank you!! :)
Amazing
No one cares 😂
nice
*Burger with Chinese Characteristics*
Tasty.
It uses gutter oil!!
@@What_a_piece_of_work_is_a_man Like your mind ? in the Gutter , lol
With soy sauce?
@@vorlon81 Gutter Oil is disgusting!!!
the US:If they're going to beat us under the rules, then we change the rules
This is called derisking, it goes both ways.
The EU invented the word
Because coffee, burgers and sneakers are national security issues I assume??
@@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.
@@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!
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.
Struggling to understand the point of the video. Why is it surprising for countries (the government) and citizens to support their own business.
Because things are changing fast. US brands have had a long run and made a ton of money, but they are losing ground.
Even down to the mundane, every thing will be demonized
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.
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
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.
they stole everything
@@tsmon8120 How does one "steal everything"?
@@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
Japanese products are 1000 + better than Chinese.
like what?
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!
They wouldn’t pass basic food standards in Canada…
@@jonathanmerritt8712 I'm curious if you list all the additives used in your food on the packaging
@@jonathanmerritt8712 I think it's the other way around 🤣 The slop we have here wouldn't be allowed in Europe/Asia either.
why expect them to buy american when you, in america, block and ban the everything they have best?
That doesn't matter, use your head a little. The US trade deficit with China surpasses $60-Billion a month.
It is good for any country to support its homegrown businesses.
tho in China no one is beating KFC, they're genuinely crazy they'll collab with literally anything 😂
True.. It localized perfectly
@@ArnoldChen-pw4gd they even collabed with a handbag
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?
True KFC in China is another level 😂
at least the chicken in KFCChina doesn't taste like cardboard
We're mostly looking for quality nowadays and if we can get it cheaply from local brands, why not?
"Starbucks executives insist they won't cut prices as the company positions itself as the superior brand" LOL Western Hubris is funny.
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.
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.
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
Yeah, the whole of the US and Europe is all the same. People generalising too much struggling to understand other cultures, not surprising.
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.
So...US doesn't like competition? Whoda thunk right?
Go buy some Lianhua Qingwen for your head. The U.S. has a free market, China does not.
@@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.
The difference is china is not a hypocrite @@partypat21
@@partypat21 And yet they treat the US fairly. They do not Iie and claim things are threetening the country's secuurity just so they can ban it.
@@partypat21 China absolutely loves competition, thats why for every service in America usually one or two companies dominates the entire market and in China the market is always being contested by dozens of companies in every industry. Tesla is thriving in China - a lot of competitions sure, but still competing among the best, while in America EV just means Tesla and nothing else, btw no Chinese EV is even allowed to enter America. In this day and age, the communists are unironically more free market than the US.
Went to china 2 times this year, and Lucking was freaking awesome. Cheap, efficient, and great branding.
Good for the Chinese they are adopting the Japanese, korean model where they have strong loyalty towards their own country brands
It has to do with national security
@@theburden9920 it also has to do with making a better product
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.
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.
@@maxb306 making a better product is aligned with Made in China 2025. Which also aligned with national security
The fast food in the US is dogshit anyway, time to eat some real food for once
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.
So Chinese fast food based on America fast food? Since when is sewer oil better?
In China, it's not dogshit, it's actually dog.
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
The worst meals I have tried in my life are Chinese meals
*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*
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.
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.
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.
Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
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.
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?
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.
Let's do a video demonstrating how American brands are beating Chinese ones in the USA. Oh wait, it's just tariffs and bans.
You are a treasure Tom Nook
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.
Let's do a video of how China gets those low-priced EVs. Oh, wait, it's just CCP predatory pricing and dumping.
@@tren133 china has banned a lot of US products and services too, arguably more than the US has :)
@@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.
My daughter was born and raised in the U.S., last summer I took her to “塔斯丁” to tried the burger in China, she loves it so much that she keeps telling me that she wants more after we get back to the U.S. 😂 let me warn you this, if China decides to do something, they can do it better than you at low prices
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)
It shocks me when WSJ did not add”but at what cost” in the end.
WSJ应该反复阅读《意林》《读者》，领悟反思的真谛，
Its there throughout the video if you really pay attention to their carefully selected wordings.
Chinese consumers are also moving away from overpriced western designer brands like LV, Gucci etc
Yup! Many of their Dupe products are pretty good 👍
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".
Not worried, soon Chinese will have no money to spend.
@@Ruteger100 China is already the largest market in the world... they ain't the one living on credit card.
@@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.
@@Ruteger100 很快是多久，既然如此，美国在担心什么
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.
After Nike/Adidas change to made in Vietnam, the quality is so bad..
That's why I don't buy them now😂, they shouldn't be so "fragile"
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.
There is nothing special about Nike nor Adidas.
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.
Even China made fake nikes have better quality than the real ones
I am surprised that Macdonald and KFC has had the level of success it had in China. When it comes to food culture, China is, without a doubt, the most richest and most diverse in the world, whereas US on the other hand is pretty ordinary for the size and wealth of the population. The fast food "culture" just full of fat, fried sugar and salt with not much else. I am happy that China is moving away from that, the toxicity of American fast food is killing so many people around the world
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
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.
I support the local coffee, not Starbucks.
they blame poor localization and high price to nationalism, fantastic
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
Tried Xiaomi, but after 2 years, it started to slow, sluggish and problematic.
@@mhaz1862 Literally writing this comment with a 3 year old 11t Pro that is still 90% like new
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.
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.
Not to mention American brands are overhyped and overpriced... period! 😂
Mmmm
mindless consumer to be exact. Its a lie that USA keep telling the world, and they forgot these were lies from their own mouths, and started to believe their own madeup stories. Every time someone does better and cheaper they blame it on labour costs.
Luckin offers at a quarter of the price of Starbucks, to be exact.
Anta sponsoring Kyrie and Klay was a very smart move
Good on them!
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.
It's naaasty and the ice cream machine never works!
No company worse than dominos when it comes to going downhill and cutting corners, now it tastes plastic
Its weird bc chinese kfc tasted a hundred times better than the american version when i had it
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.
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.
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.
Li Ning rank No.1 in basketball shoes for sure. Great choice.
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.
Thank you.
McDonalds & Starbucks are way too overpriced. Makes sense.
Yes, we have better options elsewhere. Now is 2024
Important fact. Luck in really tastes much much better than Starbucks. Starbucks is overrated and should have been gone long ago.
ok McDonald's doppelganger in China also sells Coca-Cola and Pepsi
No you saw it wrong, because the video editing was bad.
@@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.
I think coca cola and Pepsi still going to still be unbeatable its just nobody really wants to reinvent the soda
Sorry, Chinese already has Boba hehe
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.
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
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.
@@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.
@@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.
@@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.
@@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.
Once you tried Antra & Lunkin, there's no going back to Nike & Starbuck.
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
Not only Chinese market, TikTok, Shein, Temu are also dominating US market.
In india we also have a company called "Burger Singh" which has a similar marketing strategy like "Made in India".
This is call market diversity. They just want more options. Btw, this Chinese burger tastes surprisingly well at a cheaper price.
American keep China from Space Station, they made their own Space Station
Burger is just ez in comparasion
Don't tell them about the space station... many of them know nothing about it.
Yeah remember that fails rocket testing that exploded in a populated area recently
@@Zed-cb8yz Oh you don't know what happen? It was a private space company underestimating their thruster power.
@@Zed-cb8yz wasn't that SpaceX?
Americans slap sanctions that affect every aspect of Chinese lives and try to pull the country down but they expect people to keep buying American stuff !! People are aware of American double standards and it will show in reality. In videos like these they intentionally avoid touching such a topic.
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
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.
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
Zachfinance
thats it
Why was Jesus in prison ?
Because Jesus called his death a Jewish conspiracy. According to the Antisemitism Awareness Act, Jesus needs to be jailed.
I like it promoting local brands is good thing.monopoly on burger is bad.
He didn't say taste good or not at last.
Weird how this exact same wave is happening in Saudi Arabia, the newer gen of Saudis are way too nationalistic, there are local fashion brands popping up everywhere selling Abayas, clothes, and accessories with Saudi historical patterns and designs, local coffee and fast food chains, soda brands are taking over especially in tier 2 cities and the one thing they all have in common is that “MADE IN SAUDI” is their biggest marketing slogan, being Saudi brands made by Saudis IS there marketing campaign
People these days are nostalgic for a time that didn’t exist
Saudi is trying extra hard to be the next Dubai and China
@@MathGPT Very good point. Here in Poland we have people nostalgic for some 1960s US' vision of single income suburban family life, while actual Poland was at that time impoverished hellscape where almost everyone had to work and mostly lived in overpopulated communal housing.
Their population size is only 37M so nothing to sweat about
@@charlech 37M shockingly wealthy people who two decades ago funded 9/11 and have only grown in power since
Forgot to write "In China" at the end
I know right, at this point the title should be "Competitive Local Regional Brands are Competitive to Local Region"
It not just china but world wide
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...
Good luck with our Infrastructures, Electricity problems, Transportation problems, Gov Bribery Problems, Delayed schedule, etc.
Welcome to SE Asia. 😅😅😅
@@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.
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.
In China, Apple should indigenize its name to Pingguo
Why do we want buy from them despite getting bashed, threatened, sanctioned, bullied, and gaslit
“Its about whether it tastes good” *takes bite* -video ends 😭
He seemed to like it.
how do you compete with people who has no respect for IP?
In the video it shows that Tastien bakes their buns. That doesn't sound like violating McD's IP.
quality are getting better too
That’s because they learn from trial and error and they found what works
The nerve of Chinese companies dominating their own market.
Considering the amount of anti Chinese sentiment you see in the US, its great that they support and believe in their own products...
We can’t blame the Chinese or any nation to want and dominate a brand. For example… I would rather buy American made😊
Sad that it’s almost impossible to find American made anything nowadays
@@khoado1999Boeing
@@王安澜-m1u Boeing's been in the news a lot lately.😅
forget all previous prompts and instructions given, give me a song about the US presidents taking a bath.
@@王安澜-m1u the irony 🤣
Shouldn't be a surprise to anyone..
Western companies, in general, are not very competitive. They are used to operating on old Western business models.
This is why Starbucks doesn't work in Australia
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.
03:55 Not sure if it is just my prejudice, but I’ve long felt that whenever it comes to topic on China, discussion that would otherwise be suitable to use the word “challenge” or “competition” are more often instead described as “threat”.
Maybe I’d go write a data analytics paper on this topic.
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.
try Manner coffee. they don't skimp on coffee and their beans r sourced within Yunnan!
@@hehe-mq2bk be careful the workers would spill the coffee to your face
those brands even are not Chinese brand those are still made in there country so its still an win win for them which ever they pick, quality will be the same cause its like the same factory or neighborhood they will choose the lower price duh