Dan Harris

http://www.chinalawblog.com

15 Comments

    • Luxury Products in China [view article]
      What you are ignoring here though is that to be a super luxury, it almost has to not be available in China. I lived in Turkey for a year and some of the super-rich Turks would brag to me about how they would go to Paris to purchase their American toothpaste. They would do this even though the very same toothpaste was available in Turkey, but also made there. They would do this because it was the going to Paris that made the toothpaste so elite, not the toothpaste itself. The ultra-ultra rich American yacht buyer would not be caught dead buying anything in the US for the same reason -- Italy is the place.

      I suspect that is the role HK plays for the ultra-rich Chinese today.

      To badly paraphrase Groucho Marx, the risk luxury goods makers face by going into China is that the ultra-rich Chinese would not want to buy from any such producer that would have China as a member.       Jun 18 12:31 PM
    • Chinese Consumers Cite Pricing as Concern for Apple's iPhone [view article]
      What has surprised me about the people I deal with in China (mostly Chinese lawyers, mostly very wealthy) is how few of them care at all about getting email on their phones. Their feeling is that they have no need for emails outside of office hours and if there is some emergency email, their young associates can handle it. In other words, none of these people (all driving 50,000+ cars) really gave two hoots about my new Blackberry. Is this view of portable email prevalant outside the legal profession in China? Jun 13 02:06 AM
    • China: Money Keeps Pouring In [view article]
      I can vouch for this from an extreme micro level: my law firm has seen no slowdown (if anything, we have seen an increase) in US companies wanting to set up operations in China. The strangest thing is that not a one of them has even mentioned the political climate there as in any way inhibiting them. It is a complete non-issue. Apr 11 10:40 AM
    • The Key to Successful Branding in China [view article]
      Shaun,

      Great post. Always difficult to recover from a loss of trust.       Oct 06 06:13 PM
    • The Bubble Theorists Have Shanghai Wrong [view article]
      I think it's a bubble just because "everyone" is on board. But your excellent analysis certainly gives me serious pause. May 27 12:45 AM
    • Implications of Yum and McDonald's Foreign Labor Policy [view article]
      Am I missing something here? I read the WSJ article to which this post links and I did not see any mention of a survey, much less the numbers listed here. Would you please direct me to the correct link for this survey. Apr 04 10:09 AM
    • Chinese Discontent Only Minor Setback in Starbucks Growth Potential [view article]
      I completely agree. Starbucks is dead serious about China and it is doing nearly everything right there. I dropped three cups in one in Shanghai and they were immediately replaced. Hell, I could have been at my regular store in Seattle (the U Village one that is always neck and neck with one in Tokyo for highest sales), it was handled so smoothly. Starbucks in China will do just fine.


      chinalawblog.com       Mar 13 11:03 PM
    • Beijing Targets Slower Growth in '07, Boosts Education and Health Spending [view article]
      Won't this increased government spending on social services itself serve to increase growth? Is this not a way to prime the pump? Mar 05 08:38 AM
    • Tortilla Plants in Shanghai? Warming Trade Relations Between Mexico and China [view article]
      I am also aware of a couple of Latin American fast food restaurants that have gone into China. In many ways, this makes sense because these companies are used to operating at a lower cost structure than American companies. The WSJ just did an article the other day on how so many South African companies are doing so well in China for the same sorts of reasons.

      chinalawblog.com       Feb 13 09:47 AM
    • Making Sense of Chinese Markets [view article]
      Nice post. Very helpful. Thanks. Feb 12 01:25 PM
    • Exciting Opportunities for Biomedical Companies in China [view article]
      This is way too rah-rah. I wish it were as easy as this makes it out to be, but it simply is not. Because of this, I am very skeptical about the 80% cost saving figure. Our clients consider themselves lucky to get anything even approaching 50%. China is good for medical R&D and I have done a number of posts on this on my blog, but it is not nirvana.

      chinalawblog.com       Feb 03 10:42 AM
    • China's Banking Sector Looks Better with New Corporate Bankruptcy Law [view article]
      I do see the new bankruptcy laws (when they come into force in June, 2007) greatly helping the creditor banks, but I still do not see China's bank collection rates hitting those of the rest of the world, at least not in the short term. Collecting on judgments is still too difficult for that to be the case yet.

      chinalawblog.com       Sep 06 12:14 AM
    • UBS Takes a Step Into China (UBS) [view article]
      How long until they start making money in China? Jun 21 11:39 PM
    • No Impact From China's Monetary Tightening So Far [view article]
      Private companies in China (which seem to be growing faster than the state owned entities) generally cannot get loans from Chinese banks in any event. The relationship between the state owned banks and the state owned companies has always been murky. This all makes me think the raising of interest rates in China is likely to have less impact than raising rates would have in other countries. Jun 19 10:06 PM
    • China: More Provincial Power Means More Profits [view article]
      I completely agree both that power is continuing to devolve to China's provinces and that this is going to be good for business. Jun 18 09:50 AM
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