 The new gold rushRajiv Biswas Chapter Chapter 2 in Future Asia, 2013, pp 25-41 from Palgrave Macmillan Abstract: Abstract A Chinese friend of mine — who is a Beijing-based investment banker — told me he was shopping in New York recently, looking for watches at an up-market department store. The salesperson was showing him the watches. As he was trying them on, he noticed that a shabby-looking Chinese gentleman alongside him who was unable to speak English was not getting any service. My friend asked the saleslady if she wouldn’t mind serving his countryman for a moment. She reluctantly agreed, but was unwilling to let the poorly dressed customer handle the watches. Eventually my friend persuaded her to let the Chinese customer try on the watches. After trying on several, he said in Chinese that he wanted to buy three, which my friend translated to the saleslady. The Chinese gentleman opened up his battered briefcase and pulled out thousands of dollars in cash to pay for them. In the best traditions of New York commerce, the saleslady ditched my friend and gave the Chinese gentleman her undivided attention as she processed his transactions, leaving my friend struggling to get served. Keywords: Consumer Market; Fiscal Consolidation; Chinese Consumer; Sovereign Debt Crisis; Consumer Spending (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-02722-1_3 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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