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Friday
Mar122010

Silk Market Economics

DateFriday, March 12, 2010 at 06:52PM

Friday, we went to the Silk Market. We spent some time haggling with Chinese girls over the prices of brands. It’s a great experience that teaches two things about Chinese businesses: (1) they don’t differentiate over anything but cost; and (2) they are willing to sit on tons of inventory.

AuthorStephen Svajian | CommentPost a Comment |

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