Half Of Hong Kong Wine Shops Closed

This is a very important lesson.  While China was going gangbusters on a false economy of lending credit, gifts of expensive wine and over-the-top banquets were all the rage.  The new president of China brought down the whip in 2012, and 1/2 of the wine shops in Hong Kong go under.

Half of Hong Kong's wine merchants have shut up shop since a ban on luxury gifts was instituted by President Xi Jinping in 2012 as an anti-graft measure.

In USA, who are your customers?  Are they living off a false economy?  To the degree they are, so are you, and when they go down, you go down.  Know the difference between money and credit, and design your products to the needs of those who make money.  They will survive the downturn and so will you.

Feel free to forward this by email to three of your friends.

Bookmark this post --- Email this post