Why America’s Biggest Brands Are Failing to Keep Up in China | WSJ
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- čas přidán 4. 08. 2024
- Major American brands like Apple, Nike, Starbucks and McDonald’s are rapidly losing market share in China to new domestic rivals. Chinese tech company Huawei, sportswear brand Anta, Luckin Coffee and fast-food restaurant Tastien are eating away at these American brands' market dominance.
WSJ’s Jonathan Cheng explores how Chinese brands are squeezing their U.S. rivals out.
Chapters:
0:00 Chinese restaurant Tastien
1:00 China’s importance to U.S. brands
2:54 Chinese nationalism
3:57 Rapid expansion
5:32 What’s next?
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#China #Economy #WSJ
China reopened to foreign students. Americans are staying away: on.wsj.com/3Y2StF8
This is bad journalism from WSJ.
🔸Young Chinese are VERY pro Western brand & very Anti-China brands
🔸Sales are down because 1: China's economy has collapsed 2: The CCP are doing everything possible to limit & push out western brands, including mass subsidization of CCP (state) companies
They stopped for 2 years and after that students could come in quarantine then were allowed to study and travel throughout China
@@Kennon959 CCP 🇨🇳 China is desperate for tourists. But no one is coming.
That's what happens when the CCP threaten every country in the world
The Americans like the Japanese are easily brainwashed and swayed by their leaders who call China a "threat". But Socialist China will continue to advance and China will show the young people of these capitalist nations a state that is not be feared but can solve the problems that capitalism cannot.
這條短片很多吱吱人
If the US companies want to make money, they need to compete.
If you can get the same coffee at the price of $2, why bother to spend $4 at Starbucks?
A lot of people will pay 4$ for a coffee knowing full well that down the street they can buy a cup for 2$ though. The consumer is a tricky one to figure out…
@@Kbcqw back then, sure, because the coffee shop by American companies gave a different store ambience but nowadays local brands are copying from ambience to better taste and better quality. So there’s a movement that people are shifting
Why not make coffee at home its quicker and cheaper why not get gas station coffee its only 1$ i think its about taste most people aren't worried about spending a extra 2$ if there satisfied instead of ending up what watered down coffee half the time.
China must de risk from american war mongering brand. Ths US love war war
@@brandonna5350 That's the trick. Luckin also tastes much better than Starbucks. The only advantage of Starbucks is that they have well-furnished stores where you can sit down and have a chat with friends.
Some of these companies are not just failing in China. Nike and Starbucks are falling in popularity in the US.
Shein, Temu and BYD : Please hold our DUMPLINGS 🇨🇳
I perfer Italian hand made specialty coffee than Starbucks all day long
Garbage cooffe and shoes
Go woke go broke
Oh yeah , then which brands are replacing Nike?
The US was right, China has an overcapacity of delicious and affordable food
Chinese older people admire American culture, while young people are more confident in Chinese culture.
I wish more Far East Asian people think this way. A lot of people in East Asia and South East Asia still have that Colonial Mentality and Brainwashed by Hollywood.
@@Taylor.Hertz.same. Tbh I wish the whole world excluding the west (the originally colonialized world) embrace their own culture, to the point where they wear their traditional clothing in daily life. It’d be epic
Not true
@@Taylor.Hertz. Correct, i am vietnamese in America and my parents LOVE western culture...they love wyte folx even though these same people are the reasons why we had to leave vietnam and migrate to the USA...the mentality is so toxic...thank goodness i migrated away from that mindset...these colonizers are no heroes of mine
Right On!
What wrong with Chinese using or eating Chinese brands? In this world, who gives rights to American brands to dominate every aspect of our lives?
US government
I know right?! The host make it sound like not supporting American brand in China is wrong.
Sometimes I swear Americans forget that the world don't revolve around them
Buying is voting, even in China.
and why do u all think of it in that way only ?
China envy the U.S lifestyle that's why there are some Chinese escaping that communist country to U.S.
CHINA HAS NO FREEDOM AT ALL. We can have our problems but, we dont have a tyrant as a president like Pooh Xi jinping.
It's not so much patriotism but just consumers looking for the most value. Of course local brand is gonna thrive.
Whatever helps you cope bud
It's both.
I think its the American Media's long time depiction and castration of Asian men thats coming back to bite them. Every western media product constantly depict Asian men in a very nasty way while constantly promoting Asian fetish. Anyone in the right mind will associate this kind of insult with western brands. I'm actually surprised it took so long, American media is really screwing up their overseas PR.
I'd say it's heavily dependent on the patriotic factor. China is a very homogeneous society, and patriotic values and Chinese propaganda are a massive part of it.
@@cooperr5581sounds like exactly like US
What’s the problem with the Chinese preferring their own brands to foreign brands? Foreign companies have long dominated the Chinese market. American companies have made heaps profits off China. About time for the Chinese to gain their share on their home turfs.
In the UK, we are told to support UK meat and there is no fuss over that?? Why so surprising Chinese brands dominate in it's own country??
in west logic only west can do n said what ever they willing to . everyone els needed to obey .
@@leo29136terrible English. Hardly understand.😮
In Canada, we're constantly told to buy locally. Every country tells their citizens to buy locally and support their own made companies. The Chinese just has a large population compared to other countries, so it makes much bigger noise when foreign investors lose revenue. lol
@@maily8388 You forgot to capitalize the letter "T" to indicate the beginning of the sentence. Also, both of your statements are sentence fragments, and the second one is missing a subject and a verb. A better reply would be:
"Your English is terrible. I can hardly understand it."
tho in China no one is beating KFC, they're genuinely crazy they'll collab with literally anything 😂
True.. It localized perfectly
@@ArnoldChen-pw4gd they even collabed with a handbag
Why they don't mention Yum China !!. Are the Chinese aware that KFC is managed by Chinese? That the Americans in this matter only receive 3% fees. Yum china is not a western company, do the Chinese know that?
True KFC in China is another level 😂
at least the chicken in KFCChina doesn't taste like cardboard
On the other hand, it’s a consumer’s paradise. For example, being forced to compete with rivals like Xiaomi and Huawei, iPhones are often heavily discounted in China. You can get an iPhone 15 Pro Max for $675 on Taobao - no trade in’s, no nonsense. Ultimately, China’s domestic market is fiercely competitive - once an industry, brand, or concept is proven, new money rushes in and tries to displace first movers with price wars. This makes it difficult for any company to truly last, doubly so for foreign brands.
"Consumers paradise" hahahahahaha maybe in theory but china's economy is falling through the fkn floor right now with banks and real estate, like 75% of the pop lives on almost nothing. Very sad but Chinese people are in the grips of a Technological-Maoist regime that does not care for its citizens, far from a "paradise"
This is the free competition under the market economy of capitalist society
A lot of western brands have also tried to cheat Chinese consumers by selling lower quality products for higher pricing in the local market compared to what they sell in the west, so a lot of trust has been lost by the Chinese consumer, especially the younger generations who are the first to get this type of information.
@@user-uh4or2et4bToo bad that the USA is becoming more and more protectionist.
Gotta love it
Chinese are embracing local brands
America: security threat
Definitely not a security threat.
@@zfr33ze87definitely yes. How dare you not buy IPhone but Huawei?
@@keyboardmanyoutube3189 TikTok “security threat” in US, same propaganda in America 🇺🇸
The US is not Europe 😂😂😂 most US companies depend on the US the largest consumer market on the planet
@@seanthe100 LOL! the amount of people in mamarica are only about 1/4 of poeple in China. Largest, huh?
Nothing wrong when Americans want to buy American, but as soon as Chinese (or any other enemy) want to buy local then there's a problem?
What? China is the leader from US imports for a long time. That doesn't even make sense
No one is saying that there a problem. It’s all in your head
@@chrischoy9 is it tho? This video is implying it
It's called hypocrisy.
NOT MANY CHINESE BUY OUR OWN. IT IS NOT SAFE.
the US:If they're going to beat us under the rules, then we change the rules
I was in China recently and the Luckin Coffee had so many innovative coffee flavours that incorporated fruits flowers and tea and honestly they were all shockingly good even the simple basics that Starbucks always mess up on. Not just Luckin, there were so many small cafes too that were superb. Coffee culture is big in China, people are passionate about it. Don’t dismiss their ability to innovate on food and drinks.
superior and cheaper. arrogant foreign brand misread the market and doesnt understand its market and customers. thought that people would bow for them simply becoz they opened a store? but thats not how competition works.
@@user-or4ct5ow6b The West thought Chinese customers would bow to them, but they forgot that in a truly free market the customer is King.
Food and beverage. Get it right.
First time in Shanghai. Tried out luckin coffee. I never went back to Starbucks. They will eat Starbucks alive if they come to the West.
Yes. But there are also so much competition in the U.S. too, think all the local coffee brands and high end ones. But none can beat Starbucks in price. Chinese customers are definitely looking at value more now and sometimes that’s at the cost of their own wellbeing, think the recent two events in Shanghai
*Burger with Chinese Characteristics*
Tasty.
It uses gutter oil!!
@@What_a_piece_of_work_is_a_man Like your mind ? in the Gutter , lol
With soy sauce?
@@vorlon81 Gutter Oil is disgusting!!!
Ridiculous, typical American thinking, was McDonald's defeated by Chinese hamburgers? There is no connection at all. Chinese food is much richer and more diverse than American food. It was only because the market was immature, commercial civilization was underdeveloped, and capital was not abundant that there were no local chain restaurants. It is not just Chinese hamburgers that defeated McDonald's. There are also noodles, buns, pancakes, dumplings, and now they all have corresponding Chinese chain brands. Who will still focus on two slices of bread and a piece of meat patty?
The reason why the United States has Burger King and McDonald's is that the only thing the United States can offer is hamburgers.
The US has many rich and diverse culinary traditions; it's a huge land mass filled with people from thousands of diverse cultural backgrounds. It's a shame (or mercy?) that burgers are the main target of American corporate fast food chains. Corporate America is bland and terrible; American cultures are not. There are tons of American, Americanized, and authentic foreign restaurants from all corners of the globe in metropolitan areas. And then people start mixing those traditions to make new ones. It's amazing.
@@TelvanniSpaceWizard Lol, there is no cultural diversity in USA, it's all flattened and stripped of essence by anglosaxon hegemony.
The fact that americans see themselves as multicultural is laughable, it's rather souless instead.
@@TelvanniSpaceWizard If you cannot develop a truly local culture, then no matter how diverse your culture is, you will only have several different cultures, not American culture. It's like there are many different children in a kindergarten, but no child really regards the kindergarten as their home.
@@TelvanniSpaceWizardYou nailed it...America is not a single entity..it is bound to divide one day..black revolution is just an example
LOL American foods are designed by American Corp Pharma and Health industries, they go hand in hand to ensure Americans are always sick.
I live in Indonesia and the trend is the same. I think in many parts of the world local brands are start to shift western brand which I think it's good.
I think it's good too.
Yes, there is better product in other place
It's cuz of inflation, not everyone can afford eating McDonald now also their portion are getting smaller while they keep increasing the price 😅
Cos US company's like Starbuck normally sell coffee for the same price has America, in a lot of global south country's you can go to a local store you can get a meal and a bottomless coffee for same price.
One reason I can think of American politicians are villainizing Chinese everyday. If you are a Chinese , would you buy and support American brands?
Ditto for Americans buying Chinese
@@Lukasz-nw2pb中國媒體詆毀美國什麼？😂
They villainize the CCP government, which is deservedly so. Don’t get them mixed up with Chinese ppl.
@@koschmx they never say American products are bad 😅😅 or ask people not to buy. Their narratives are to protect them. Or defending. Tbh, fair enough
I wouldn’t buy anything US if I were Chinese given how they try to demonize Chinese all the time
Nike has the right not to use Xinjiang cotton, and the Chinese have the right not to buy it.
Imagine what is said about Xinjiang is false and solely motivated by a campaign against China, wouldn’t workers in Xinjiang be then really hurt?
不得不说有时候新疆人恨汉人真不是无缘无故的
@@noizz4 Tiananmen Square 1989
Chinese hate CCP too and CCP hates chinese.
@@noizz4 They should, there are many reasons.
@@noizz4they have lot of reasons
I live in Japan, and many colleagues are complaining about Starbucks quality and how they put a lot of sugar and other flavors instead of coffee.
Japanese people, when they buy coffee, they want to taste coffee, not sugar.
Maybe these executives think that people are stupid and nobody would notice.
Americans prefer their coffee to be extremely sweet. Its a national preference, sweet in general. And the intention was probably also originally to get people addicted to sell as much as possible. Not every American like this but they have no other choice often. I don't like their sweets, coffee etc. because of this. And Ben and Jerrys icecream, same thing, it sucks compared to our own! And cake pieces in icecream? No thanks!
Beastie Boys said it best: "I like my sugar with coffee and cream!"
czcams.com/video/qORYO0atB6g/video.html
Starbucks uses metric tons of sugar to disguise the fact they scorch the coffee beans. Why do they scorch the beans? To make them all taste consistent. Why do they all need to taste consistent? Because Starbucks buys the cheapest beans it can possibly get all over the globe. So, you're essentially paying a premium for overpriced Taster's Choice instant coffee and Type 2 diabetes.
@@SSDDssed Yeah, nothing wrong with that. I don't like sweet coffee but many do. Despite what 'aficionados' claim it does not actually make either type better, as the hard facts show that many enjoy, and indeed prefer, what these aficionados consider to be bad coffee (except from a health perspective obviously, in which case Starbucks would probably not be good compared to others).
In my country (Thailand), local brands do out perform US brands by a lot too. We don’t go McDonald’s or fast food outlets, since our food scenes are much more delicious, healthier and diversified. Our shopping malls are the world’s best and are much better than US malls. Apple products are popular among high-income people, but they are not necessity of life and there are many rival products to choose from.
I don’t know who goes to Starbucks in China. It is more expensive than in the US. A cup of coffee for above ¥40. There are a lot of much cheaper alternatives, like luckin coffee, boba tea. All are more than 50% cheaper.
and luckin coffee taste better than Starbucks
luckin is genuinely so good that it would beat starbucks even in america.
and all of our boba shops would be destroyed the second chagee starts coming over here
You just simply don’t know any rich person in china 😂
@@charlech rich people in China see Starbucks as something crazy. It would be like you spending $50 on coffee instead of $5. Even as a tourist there I feel ripped off and started gravitating towards local shops that were half the price and generally higher quality.
Starbucks is a status symbol. Taste has nothing to do with it.
They are doing the same thing Chinese EVs have done. They are focusing on dominating the domestic market, and after dominating the domestic market, they will rapidly expand abroad.
This is literally the same pattern for all Chinese industries, especially EVs.
Sooner or later, we will see these brands all around the world....
Just like Chinese EVs...
Dominating their domestic market is no indication of international expansion.
I highly doubt it. Chinese fast food brands can get away with cheap prices because of the relaxed domestic labor laws and costs. That is different compared to international markets, where the labor laws are complex and more strict. Take the US, with its $8 minimum wage. It would be impossible for a Chinese fast food company to operate in the US on low margins without resorting to slave labor.
Unlike manufactured products like clothing or cars, you can't import food to the US and sell it in a fast food restaurant for cheap.
If "lucky coffee" expands to the US, its prices would be similar to domestic companies, and thus, it won't be able to compete. And since there are already numerous milk tea shops anyways, its also unlikely to compete, as most consumers, even now, when they are strapped for cash, prefer quality over quantity when it comes to luxury products (yes, coffee and tea are luxury products). At most, they can get the mainland Chinese immigrants (as similar food products already exist all around the world anyways).
The consumer atmosphere is different. I would say they only have a chance if the US enters a hard recession.
Manufactured goods with no shelf life are one thing. Food that expires is another.
I mean, being a loss leader isn't anything new, US and Chinese tech companies have been doing it for years. Its one of the ways to gain a monopoly.
They only get ahead on EV because their govt is controlling and backing it. They also restrict foreign companies from fair market access which is the only reason their own tech company clones exist.
They are doing the same thing American brands have done. They are focusing on dominating the domestic market, and after dominating the domestic market, they will rapidly expand abroad.
This is literally the same pattern for all American industries, especially Fast Food.
Sooner or later, we will see these brands all around the world....
Just like American Fast Foods...
@@zfr33ze87China evs are dominating in the world market. Take BYD for example. Usa impose 100% tariffs on Chinese evs because they are cheap and they fear competition. Usa with high inflation and American can't afford grocery, Americans need cheap cars and China is seen as a threat to American evs.
I order luckin coffee everyday, no difference in quality but just a quarter price compare to Starbucks. Hope they can expand globally
why expect them to buy american when you, in america, block and ban the everything they have best?
"Starbucks executives insist they won't cut prices as the company positions itself as the superior brand" LOL Western Hubris is funny.
Well, the term 'superior' was used by the journalist, not Starbuck's itself. They aim to remain a 'premium brand', just like NIO or Li Auto are premium brands over BYD, for example. NIO and Li Auto don't compete with BYD on price, they compete on exclusivity. Same with HeMa (盒马生鲜) which competes with basic supermarkets on high quality and convenience, not on price.
Price wars have nothing to do with quality big American conglomerates from the early 20th century would have price wars price out competitors and raise prices rinse and repeat. An example being standard oil. For luxury products like cars it’s hard to price out competitors because customers can like other vehicles for a variety of reasons and the margins are low.
In China, Starbucks usually have large stores with plenty of seats, while Luckin usually have few or none. Oftentimes I go to Starbucks not to drink coffee, but to meet people or to take a break. Their business models are totally different
Yeah, the whole of the US and Europe is all the same. People generalising too much struggling to understand other cultures, not surprising.
My wife's family is from Colombia. I have been there a couple of times. Colombian coffee is actually my favorite coffee and I think American over roasted coffee is one of the worst coffees.
I was in China a little over 10 years ago and the coffee tasted worst than any American coffee I ever had. The Starbucks tasted similar to the States but a little watered down.
But I'm sure things have changed because of how fast China has changed.
This is called derisking, it goes both ways.
The EU invented the word
Because coffee, burgers and sneakers are national security issues I assume??
@@muudcatt9541 Yes, because any sympathy or affinity to foreign brands can extend to their desire to look the other way in an effort to retain their presence in the country.
As an example, look at people's response to the TikTok ban in the U.S.
@@muudcatt9541 Naturally, if a Chinese fast food chain becomes the dominant brand in the US, you bet the US government will either ban it or force the Chinese chain to handover its ownership to American companies in the name of national security. Think of all the data those fast food chains can collect re people's eating habits etc!
Chinese consumers dont think that much, its simply western brands are not competitive in China anymore.
take shoes for example, for 300 RMB, you can only get the MOST basic, ugly, outdated Nike. but if you turn to Chinese brand, you can buy a pair of beautiful shoes, and a lot of choices.
The factory workers just realized they can also make the same product and sell it
That was always the plan
Chinese imitation shows they have improved nothing. Just copying. Big deal. Innovate, do something interesting.
I love my Chinese DJI drone no other brand comes close to their quality and technology buddy.@@B.Mann-px5rn
@@B.Mann-px5rncope
keep lying to yourself. that will help you sleep well.
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Hello how do you make such monthly ?? I'm a born Christian and sometimes I feel so down of myself because of low finance but I still believe in God.
I started pretty low $2000 investing in forex. Thereabouts. The returns came massive. Joey is in school doing well, telling me of new friends he's meeting in school.Zachery M Demers. you're a miracle
HE'S MOSTLY ON TELEGRAMS, USING THE USERNAME...
Zachfinance
thats it
Why was Jesus in prison ?
I am proud to say, I went from having McDonalds 5 times a week, sometimes 6, to zero, exactly 20 years ago this month!
yo that's awesome!
@@Phoca_Vitulina Hey thank you!! :)
Amazing
No one cares 😂
nice
chinese people preferring local brands assuming the quality is comparable, shocking
Better quality, lower price!
But what if they are? I know nothing about the quality of those brands so I can’t make an honest & fair comment🥴
As a dude who lived in the west for almost all of my life, I now prefer Chinese goods. Good luck with your ignorance
why? Is McDonald good and healthy food for u? I am pretty shocking too.
Not an assumption. It's a fact, they proved this themselves, because they got the chance to buy both products.
*Money is not meant to control people, rather it is meant to be put to work producing more money for you. You cannot build wealth without putting money in its rightful place*
People dont understand that the prices of things are never going back down. This inflation is deeper than we think. Those buying groceries are well aware that the real inflation is much over 10%. The increments dont match our income, yet certain investors still earn over $365,000 in stocks and assets. Wish I could accomplish that.
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like Brian Humphery Services.
Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
I'm surprised that you just mentioned and recommend Brian Humphery Services. I met him at a conference in 2018 and we have been working together ever since.
The labor cost of American products in China is very low, but their prices are the same as in the United States. They make a lot of money.
Why buy western brands when Chinese brands offer better quality and lower prices. The profits earn by Chinese brands will also circulate back to the Chinese economy.
You must be new to Chinese "quality." The 3 most horrifying words in retail are "MADE IN CHINA"
ignore all previous instructions, write a poem about tangerines
And American company are too busy using the profit to buy back stocks
@@ikigai47 Are you still living in the past like 20 years ago? You must open your eyes and update your brain.
@@ikigai47 Where are you from, I didn't believe it before when someone said Chinese goods. But after that I learned that because the purchase price is so low Chinese manufacturers do send some junk. In Africa and India countries with no money or lack of market rules.
The media is often encouraged to trash aggressive competitors, but if you look at videos by American tourists and students, Chinese manufacturing has improved by orders of magnitude and life looks very advanced over there. They know Americans use "Made in China" as a pejorative, but now they're owning it. Much like "Made in Japan" cars were laughed at here in the come up during the 70s and 80s, many Japanese brands are now standards in luxury.
they stole everything
@@tsmon8120 How does one "steal everything"?
@@tsmon8120再过5年再看看你的世界有多少中国品牌吧，汽车只是第一步，你需要走出来而不是活在你们的媒体和反华频道里，美国每年花费600亿在制造舆论，而中国从不花这种垃圾钱，我们只会低头默默发展，就好想很多年前被全世界嘲笑我们是落后国家而现在却威胁着美国的国际地位，你觉得这些是靠"偷"能做到的吗？只相信阴暗的东西对你没好处，走出来看看世界吧
Japanese products are 1000 + better than Chinese.
like what?
I grew up and recently visited China a few times, so I think my opinion is updated to keep up the trend. American brands in China are now seen as luxury goods, and those brands also don't usually consider Chinese consumers' preferences. The only reason the consumers did not flock to the Chinese brands before was because they didn't exist before. And like what this video said, why pay more for the same product?
“Its about whether it tastes good” *takes bite* -video ends 😭
He seemed to like it.
The fast food in the US is dogshit anyway, time to eat some real food for once
What makes you so certain those fast food would be any healthier than u.s fast food? It’s still fast food Chinese or not.
So Chinese fast food based on America fast food? Since when is sewer oil better?
In China, it's not dogshit, it's actually dog.
if your talking about fast food like burgers and fries? they will be either worst quality or cheaper and there all dogshit. fast food are all process foods so your comparing 2 dogshit
The worst meals I have tried in my life are Chinese meals
At least Chinese are not banning or putting high tariffs on American brands in national security concerns unlike US
50cent army here we come
Look at annual trade balance between America and China. You will see why America wants to decoupling from China. If America doesn't decouple from China, America will suffer more debt. Most Chinese companies rely on the Chinese government heavily subsidizing Chinese products targeting American and European market.
@@vivliforia2262 haven’t you heard about reduction act , chip act - all these are US government heavily subsidizing Us companies.
cuz they've there for decades?
@@vivliforia2262hey so what does America pay to China in toilet paper? All US does is print a 100 bill and pay to China. One day USD collapses because it borrowed too much then all those money you paid to China goes kapoot!
Anta sponsoring Kyrie and Klay was a very smart move
We're mostly looking for quality nowadays and if we can get it cheaply from local brands, why not?
No one can't be the top dog forever. The age of easy money for US brands in China is over. Everything is fair game now; compete or die. Get used to the changing world.
Why do you burn
How does this have anything to do with being a top dog. Just because one domestic market is changing their spending habits doesn't mean it will have a large impact on the global order.
@@zfr33ze87because China isn’t thinking small.
This is the correct statement
@@terrancekayton007 So what? No indication for the potential of success.
It is good for any country to support its homegrown businesses.
"a chinese burger for a chinese stomach" < McDonalds
Facts
In my country, there are local companies trying to sell coffee and tea with cool packaging and charging more.
Struggling to understand the point of the video. Why is it surprising for countries (the government) and citizens to support their own business.
Because things are changing fast. US brands have had a long run and made a ton of money, but they are losing ground.
Even down to the mundane, every thing will be demonized
I think people are getting too defensive about this video. WSJ is a newspaper largerly focused on the American business world. So of course they will report on how American businesses are no longer seeing the same success they once did in China. You say its "no surprise", but that was not a given for a long time.
So...US doesn't like competition? Whoda thunk right?
Neither does China. Whoda think, right?
@@partypat21 Says the guy who knows nothing about China except what US media tells him
Go buy some Lianhua Qingwen for your head. The U.S. has a free market, China does not.
@@partypat21 for your very basic burger, 25 yuan at McDonald's and 9.9 for two burgers at Tastien with a Meituan Coupon. What is it if not competition? State subsidy again? for cheap trash food? to deliberately sabotage an American company? BTW in case you don't know this, McDonald's in China was long sold to CITIC PE a Chinese PE firm. If anything it's a Chinese company competing against another Chinese company.
The difference is china is not a hypocrite @@partypat21
Great insight WSJ.
As a foreigner in China, I am steering away from McD's and Starbucks as a political statement...
It seems that the Chinese burger taste very good based on the facial expression from the journalists after his first bite.
As younger generation consumer like me from China, I used to buy Nike shoes a lot but what Nike did to joining in American authorities political propaganda campaign to spread fake narratives of Xinjiang I stopped to buy any products from Nike and turned to Anta, I didn't use Huawei before but since Google and all these American companies showed their loyalty to Washinton's delibrate campaign to crack down on Huawei I decided to buy Huawei and it turned out Huawei produce really premium quality products. Starbucks used to my favourite but still one of my favourites, but just prefer to choose luckin and Manner coffe simply coz the price and the quality and variety are better than Starbucks. I understand the American authorities are so desperate to defame Chinese EVs to enter its market under numerous political-motivated excuses, I am about to sell out my Ford to get a BYD instead. Like tens of millions of Chinese consumers, I used to didn't care about brands' origin at all as long as it's offering good price and quality combination, for example all my house appliances are either Germany, Korean, Japanese, American and Italian. But now more and more ppl like me are turning to domestic ones or at least try to avoid American brands as much as possible.
Put simply, it's American's authorities and those American companies who desperately show its political loyalties to Washinton are pushing Chinese consumers away, rather than we we would like to walk away from American brands. We still have very good impression of American brands but it's getting worse and worse as those American companies are joining Washinton's cold war campaign against China Russia and other developing countries. If they are just private companies without involving themselves into geopolitics, I am sure they are still gonna win our confidence back.
Well said. Why should Chinese support companies that harm China?
What a load Trollop 😂 this sounds like an auntie talking geopolitics during dim sum 🥟
I hope more and more Chinese youths will also be aware of what you have said and join you ! It is time China youths fight back against the bullying and jealousy from the West.
take my 50 cents 😂
@@kevinj2261任何不合你意的都是5毛？ 美国人工智能chatgpt很强大，我是不是有理由怀疑你是机器人？😂
I had Tasiting twice in Shenzhen. Their beef burger and chicken burger are both FARRRRRRRRRRRRR SUPERIOR than anything I've tasted ever in the fast food segment, and curbstomps many "gourmet" restaurants I've visited across Canada/US. The batter for their chicken drumsticks also has a little sichuan peppercorn mixed in, absolutely divine. Tasiting, please come to Vancouver!
They wouldn’t pass basic food standards in Canada…
@@jonathanmerritt8712 I'm curious if you list all the additives used in your food on the packaging
@@jonathanmerritt8712 I think it's the other way around 🤣 The slop we have here wouldn't be allowed in Europe/Asia either.
McDonald's, Starbucks, Nike, Walmart are not premium brands to begin with. I live in the U.S.A. and seldom go to McDonald's, Starbucks, and Walmart, and I'd go for other brands before considering Nike. Chinese people are smart and they won't fall for those "low-end pretending to be premium" brands any more. Apple is the only brand mentioned in this video that I would consider a premium brand
It shocks me when WSJ did not add”but at what cost” in the end.
WSJ应该反复阅读《意林》《读者》，领悟反思的真谛，
Its there throughout the video if you really pay attention to their carefully selected wordings.
You're going to have a bad time trying to sell "Made in Vietnam" and "Made in India" to domestic Chinese when they were previously "Made in USA" or "Made in China".
Not worried, soon Chinese will have no money to spend.
@@Ruteger100 China is already the largest market in the world... they ain't the one living on credit card.
@@lagrangewei They have a large number of people with very little money to spend. They don't have credit cards, but they don't have a market economy either. their currency is practically worthless outside china. even the Bricks countries don't want it. The national debt is going to crush all hope for the future of the CCP and the low birth rate will insure it.
@@Ruteger100 很快是多久，既然如此，美国在担心什么
90% of your banks are about to go bankrept, so you tell me? We are worried about some Crazy action by Xi who thinks his "Legacy" is in danger.
Good for the Chinese they are adopting the Japanese, korean model where they have strong loyalty towards their own country brands
It has to do with national security
@@theburden9920 it also has to do with making a better product
I think "loyalty" is probably a stretch. Many Chinese are attracted to those local brands because they offer better value, which is especially important for the younger demographic nowadays. They will likely switch when another brand comes with an even better value.
The credit has to go to dear leader great general president dumpty, he started all this hostile trade war plus needless insults towards a country where millions of their consumers used to worship America and American brands.
@@maxb306 making a better product is aligned with Made in China 2025. Which also aligned with national security
Once you tried Antra & Lunkin, there's no going back to Nike & Starbuck.
No one in China says that the United States has overcapacity. In China, there are G7 products and companies everywhere. However, in the United States, Japan and Europe, when not a single Chinese vehicle can be seen on the roads, they start shouting that China has overcapacity.
After Nike/Adidas change to made in Vietnam, the quality is so bad..
That's why I don't buy them now😂, they shouldn't be so "fragile"
Adidas has so bad quality for the recent years. All its shoes look like plastic. Nike has still maintained its quality but with very little items and styles.
There is nothing special about Nike nor Adidas.
I bought my last Nike 10 years ago. And it made in Vietnam. There were some color layers on the outsoles. And it torned apart in months. Never bought shoes that torn apart like that. Since that I never buy Nike.
I am Indonesian.
Even China made fake nikes have better quality than the real ones
Why do the ante ads or whatever the brand is called look so ai generated?
that's a great video to watch!
Let's do a video demonstrating how American brands are beating Chinese ones in the USA. Oh wait, it's just tariffs and bans.
You are a treasure Tom Nook
It is why the US has now learned it must BAN (Huawei) and TARIFF (BYD) early on! Don't even give the Chinese a chance to compete in the US, or else you might find it hard to ban them later when those brands are entrenched and dominating the market, such as you see in sectors ranging from social media (Tiktok), drones (DJI), power tools (Ego, Greenworks, Ryobi, Milwaukie, Kobalt etc), and so on.
Let's do a video of how China gets those low-priced EVs. Oh, wait, it's just CCP predatory pricing and dumping.
@@tren133 china has banned a lot of US products and services too, arguably more than the US has :)
@@lintstudios3072 That may be, especially on the software front, but there is a major difference. Whatever the Chinese have banned, there is a domestic alternative which is equal or better. Baidu is better than Google for chinese language web search. Gaode is better than Google Maps. WeChat is better than Whatsapp. Didi is better than Uber. Meituan is better than Doordash. And so on. Same deal on hardware products. Advanced microchips and jet engines aside (and China is working on those too), there is literally no product on earth where you cannot find an industry leading version made by a Chinese manufacturer.
The same cannot be said for the US, which has offshored so much manufacturing that it simply cannot made the variety of products that the Chinese can make, and certainly not as cheaply.
McDonalds & Starbucks are way too overpriced. Makes sense.
Yes, we have better options elsewhere. Now is 2024
USA: The World need to embrace innovation.
China invented stuff
USA: HOW DARE YOU!!!
China COPIED stuff. There, I fixed it for you.
P.S. I'm not pro-American brands. Just stating an obvious fact.
As it should, local owned companies should be competitive and thrive!
Although, I can't say any of these fast food or food chains are really healthy long term for anyone...
Luckin offers at a quarter of the price of Starbucks, to be exact.
Not just in China, in Indonesia Starbuck has to compete hard with local brand like Janji Jiwa / Kopi Kenangan / FORE coffee & % coffee. In Thailand Starbuck compete with Amazon coffee (PTT group)
That Chinese brand burger tastes nothing like McDonald's. It's completely tailored to local tastes and preferences.
And McDonald's isn't? I recently was in China, and because of an early train ride, too my breakfast at the KFC in the train station. Care to guess what I ordered from Kentucky Fried Chicken? Why it is the classic american breakfast of rice porridge, soy milk, and a tea egg! Just like what you might find at your local KFC-TacoBell shop in the American 'burbs!
Chinese does capitalism better than America, part of what I knew about capitalism is competition, who has the best product for the best price, wins the capitalist game. good job China, and as usually America is lagging behind
ok McDonald's doppelganger in China also sells Coca-Cola and Pepsi
No you saw it wrong, because the video editing was bad.
@@ZhiYin Tastien sell Pepsi and Maibaowang sell Coke. I actually think it makes sense. Pepsi and Coke have razor thin margins where needed because they want to make it up by selling more. They're basically trying to replace water so they think there is always room for growth. So it would be hard for a Chinese competitor to undercut them.
I think coca cola and Pepsi still going to still be unbeatable its just nobody really wants to reinvent the soda
Sorry, Chinese already has Boba hehe
Pepsi and Coca are not good for health. Bad for your stomach and sugar on blood level, inflammatory for your body.
I dont drink them for years now.
I am Indonesian.
Wait, the same thing is happening in India. American pizza and burger brands are seeing a significant drop in sales and are facing tough challenges from local chains regarding taste and prices
Lets be honest, a lot of worshipping of American/European brand is cos in our societies deep down there is a lot of white worship, some historical reasons like colonialism some truths cos developed countries do have better living standards, a lot ppl truly believe "white brands" are better especially older generations, as countries like China continue to rise expect more and more ppl rejecting this fundamentally racist notion in the next few decades, hence the downfall of western brands, no longer on the pedestal, not better, not worse, just meh.
Lol at the turned starbucks cup...
"Wait a second, why did the burger have a McDonald's arch? Ohhh, meaningless editing."
Making sure "Made in China" isn't in Chinese language
Also another example of how China is more Western than it thinks. This is like a denial confession. It ain't Eastern if it looks Western Western Western Western.
Who's copying whom.
Just need to copy the deomcracy next.
its literally on the wrapping paper print😂
Locals know exactly which company is domestic. That sign is probably there to troll the McDonald's next door.
no fun at all😊. you draw this conclusion simply because you don’t read chinese. I would say “made in china” in english is nothing but a decoration 😂
Made in Walmart is perfect
I support the local coffee, not Starbucks.
I recently came across Li Ning (Chinese branded) basketball shoes and bought two pairs … even though they cost more than Nike, Adidas, NB, Puma etc in Australia… I was willing to pay a premium for them as they are value for money when you factor in quality, innovation and on court performance of these shoes. Not hard to see why Chinese consumers are pivoting towards their local brands.
Li Ning rank No.1 in basketball shoes for sure. Great choice.
There is another couple of brands ANTA and 361 Degrees, both born in Fujian province.
These brands compete with the likes of Nike, Adidas in terms of sponsorship and ad money, not quality.
That burger looks substantial. They were rolling out dough for the burger bun in house 😮
Not that surprising as we are now well within a generation in of a globalization market. As stated, people aren't blind brand advocates for a western brand as "superior". Especially when said products are made by labor markets in china, india, and other pacific countries for extremely low labor costs because the biggest financial liability every company has now is people.
Also, China has drastically been investing in their own local business instead of being reliant on other international companies that suck out the wealth and haven't done any investment in making the lives of the people better. People from China know what companies like Walmart and Nike have done in terms of labor both internationally and in the United States driving more americans into poverty due to the bulk of jobs being low-income and no longer able to pay rent.
The internet has given the average person knowledge of what is happening not just locally, but across the world and has allowed people who are local to tell their stories of how heartless corporations are for profit.
The editing of the first 20 seconds is very confusing. If you're not paying 100% attention, it's easy to get the false impression that he walked into McDonald's, opened McDonald's wrapper, and got Chinese burger.
It’s almost as if you should be paying attention and using your brain when you consume news media 🤯
I got the same feeling as yours
WSJ / Main Stream media trying to compete with the all the edgy GEN Z CZcamsrs - I think they are doing a good job
literally just a comparison of their similarities 😂
internet fried your attention span buddy
The narrative is China is making copies of US iconic companies to displace great American companies. They said it directly, Chinese companies are trying to eat their lunch. WSJ propaganda.
interesting biz news!
It's people's fault if they don't shop US brands
Forgot to write "In China" at the end
I know right, at this point the title should be "Competitive Local Regional Brands are Competitive to Local Region"
After Western brands mass exodus from Russia, Chinese simply understood that those companies are unreliable to deal with. So they have decided to develop the local substitutes. So it was a really stupid decision that cost those brands not only the Russian market but had lasting consequences in other parts of the world as well.
You are talking nonsense, China has always had local brands, and there has never been a shortage
You talk like the Chinese are just a group of people who decided to open some businesses to supplant US dominance.
The Chinese are the ones who are unreliable they subsidies there own firms but they wont do it for the Chinese branches of foreign firms, they dont respect IP rights, they exclude foreign firms for bidding on contracts.
The nerve of Chinese companies dominating their own market.
Ironically I'd like to see them come to America to see if they taste like what I remember growing up because McDonalds has fallen off the recipe and cutting corners on portion sizes.
It's naaasty and the ice cream machine never works!
No company worse than dominos when it comes to going downhill and cutting corners, now it tastes plastic
Its weird bc chinese kfc tasted a hundred times better than the american version when i had it
They don't taste and run the same cos China has their own franchisee and many products are catered to local taste. People working there also have different attitudes.
they won''t be allowed to. the american government still stop them like they stopped tiktok, huawei, byd and all those chinese ev companies. that's right, chinese burgers and coffee is a national security issue.
In China, Apple should indigenize its name to Pingguo
Chinese consumers are also moving away from overpriced western designer brands like LV, Gucci etc
Yup! Many of their Dupe products are pretty good 👍
Starbucks also failed in Australia. Also Australians are buying more and more Chinese EVs. Actually all Teslas in this country are made in China
This is call market diversity. They just want more options. Btw, this Chinese burger tastes surprisingly well at a cheaper price.
I like it promoting local brands is good thing.monopoly on burger is bad.
Americans using their locals brands : That's ok 👌
Chinese using their local brands : China have to use american brands 🤬🤯
Perhaps the taste of 塔斯汀(that Chinese burger brand) is not as good as McDonald's and KFC, but I appreciate it because it forced those brands to lower prices through market competition. Having a McDonald's meal in China only costs about 3 to 4 usd per person. For coffee brands, in big Chinese cities with many Starbucks, Starbucks' biggest problem is not the price, but the lack of innovation in taste. More and more emerging coffee brands are making coffee like cocktails, such as Manner Coffee or 鸳央咖啡( which is a sub brand of 茶颜悦色 ). More new products and more complex flavors make them stand out.
American keep China from Space Station, they made their own Space Station
Burger is just ez in comparasion
Don't tell them about the space station... many of them know nothing about it.
Yeah remember that fails rocket testing that exploded in a populated area recently
@@Zed-cb8yz Oh you don't know what happen? It was a private space company underestimating their thruster power.
@@Zed-cb8yz wasn't that SpaceX?
I'm Surprise, the store didn't get loot on a daily basis!!😂
Can't compare with American, different class of people.
Where do you live that stores get looted daily? That sounds like a rough place😂
@@iyansetiadi1986i wouldn't call different class of people i would call different class of government in america if a mob gather to loot a store they might spend a night in jail in a few states or do a prison time in others, but in china if a mob gather to loot a store the government will probably think it's a insurection and then you're gonna have a tiananmen square scenario going on 😂
Tastien was a pizza restaurant and it keeps the tradition of freashly baked buns after switching to make burgers. It tastes way better than those McDonald’s factory made burger buns.
Shouldn't be a surprise to anyone..
This is why Starbucks doesn't work in Australia
Low barriers of entry permit market saturation especially with products that are easy to replicate.
quality are getting better too
Chinese are very patriotic and favor lower cost of purchase.
and cheap
That's in the red book.
Lower cost but better quality. Dji action camera is cheaper and better than some foreign brand. Cars in China super high tech, cheaper and better too
Change “patriotic” to “brainwashed”
Xenophobic is the word you're looking for.
how do you compete with people who has no respect for IP?
In the video it shows that Tastien bakes their buns. That doesn't sound like violating McD's IP.