ZH: American companies that failed In China

© Engdao Wichitpunya

ZERO HEDGE writes:

For decades, China has been a top priority for American companies looking to expand.

This is because the country’s middle class is simply enormous, growing from 3.1% to 50.8% of the country’s total population between the years 2000 and 2018.

According to Brookings, there are now at least 700 million people in China’s middle class, and this group has never had more disposable income to spend on consumer goods and services.

However, as Visual Capitalist’s Marcus Lu details below, despite the size and potential of the market, China is not an easy place for foreign businesses to enter. As this infographic shows, many of America’s biggest names eventually admitted defeat…

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