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I think I made it clear that this was a single person's opinion. And obviously biased that is. Still an interesting opinion in light of the recent trade war saber rattlings.

But realize that cities like Guangzhou (pop. 25 M) have been trading hubs for much longer than the USA has existed. And some families have had a continuous line of business for centuries. The business culture is very strong there.

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What I've experienced in China is that trade can happen without any monetary transaction or contract and the chance of getting screwed over is very low in upper strata.

This is something, I never saw in the US.

Even at the lower strata, people understand what reputation is. And to be honest, only in the US does "buyers beware" feel like a sound business strategy. Most countries understand the need to go beyond that.

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