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Economy

How To Succeed In China: Why Some Foreign Firms Boom, And Others Go Home

For those firms looking to cash in on the booming Chinese economy, there are as many recent tales of failure and retreat, as those of runaway success. Certain patterns have begun to emerge, both universal and China-specific lessons to be learned.

The Colonel has hit it big in China (Albert Law)
The Colonel has hit it big in China (Albert Law)
Xie Zuxi

BEIJING - Two very different trends concerning multinational firms in China have attracted wide attention recently. One is the "strategic retreat" from China of Best Buy, Pepsi, Danone and Nestle; at the same time, General Electric, Philips and Intel have come to regard China as their "second home."

Though these two storylines may seem contradictory, they in fact reflect the current condition of multinationals operating in the highly competitive Chinese market. Those firms that have been successful in China will continue to invest here, while those whose development has been less than ideal will either get out of this market, or radically adjust their strategy.

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Geopolitics

AMLO Power Grab: Mexico's Electoral Reform Would Make Machiavelli Proud

Mexican President Andrés Manuel López Obrador, aka AMLO, says his plans to reform the electoral system are a way to save taxpayer money. A closer look tells a different story.

President Andres Manuel Lopez Obrador of Mexico votes

Luis Rubio

OpEd-

MEXICO CITY — For supporters of Mexico's President Andrés Manuel López Obrador (AMLO) the goal is clear: to keep power beyond the 2024 general election, at any price. Finally, the engineers of the much-touted Fourth Transformation, ALMO's 2018 campaign promise to do away with the privileged abuses that have plagued Mexican politics for decades, are showing their colors.

Current electoral laws date back to the 1990s, when unending electoral disputes were a constant of every voting round and impeded effective governance in numerous states and districts. The National Electoral Institute (INE) and its predecessor, the IFE, were created to solve once and for all those endemic disputes.

Their promoters hoped Mexico could expect a more honest future, with the electoral question resolved. The 2006 presidential elections, which included AMLO as a recalcitrant loser, showed this was hoping for too much. That election is also, remotely, at the source of the president's new electoral initiative.

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