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Analysis: McDonald’s, Apple and Tesla can’t bet on making a fortune in China anymore

todayMay 13, 2024 13

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For decades, Western companies made a fortune betting on the inexorable rise of the Chinese consumer. Now an economic slump and the emergence of ferocious local competitors means those bets look less safe as price wars erupt.

​ For decades, Western companies made a fortune betting on the inexorable rise of the Chinese consumer. Now an economic slump and the emergence of ferocious local competitors means those bets look less safe as price wars erupt. Read More Breaking News, Latest News and Videos | CNN 

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