via WikipediaIt is against my expectations, but there are a lot of signals that the Carrefour boycott is catching on quite a lot in some places. A report from Shenzhen shows that Carrefour has slashed it prices by 50 percent, while French products in other stores are also not bought anymore.I believe - with my twitter friends in Shanghai - that slashing the prices in Shanghai would be a very effective way to counter any boycott. Would be curious to get more reports about other cities on a possible effect of the boycott of Carrefour and the French products. A friend in Beijing reports brisk business at Carrefour there. Will try to get some more updates later today.
1 comment:
Carrefour isn't doing well in China anyway, is it? I hear that they have yet to reach breakeven.
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