Friday, February 18, 2005

Retail success story from China

The Wall Street Journal has the story of a retailing success story from China. 36 year old Jianying Wang started with a fruit and vegetable street stand 15 years ago, and she now operates half a dozen stores around the walled compounds where foreigners live in the Chinese capital. Annual revenue is $3 million. Not only does she deal with typical bureaucracy, the government has also torn down her stores 3 times.

How would you like to operate a business under a totalitarian government? We don't know how good we've got it.


Post a Comment

<< Home