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China loses its allure

by Verena Nowotny

Life is getting tougher for foreign companies in China. Or, as the Economist nicely summarizes the situation: more pain, less gain. China is no longer the place with cheap and limitless resources of labor. Competition is heating up. And last but not least, there is no "one China" but companies need to localize in order to please the regional tastes and preferences.

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