Caixin
Mar 05, 2012 05:31 PM

Why Bad Money Drives Out the Good

 

The bad tends to drive out the good in China's marketplace. Bad money driving out good is considered inevitable in China. Businesses blame it on consumer bias for the lowest price without regard for quality. Lack of credible information due to flaws in China's economic system is to blame for this. Consumers naturally go for the lowest price when nothing is believable.

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