China doesn't need or want anything from the West, they do not trust the West and they certainly do not want to rely on the West.
The last time the British came up with the ingenuous opium plan. But that backfired into the communist takeover in 1949.
And of course the Chinese don't give a shit about Western interests. It is the duty of any Chinese government to take care of their own first.
There are other American brands that do well such as Nike, The North Face, Coach, Polo, and Estee Lauder.
And while Hollywood movies have been in decline in China, Zootopia 2 did amazingly well recently.
Now the Chinese have their own expensive coffee brands. They even have what one could call private equity with Chinese characteristics: private equity in China is strategic, mostly minority stakes, and often behaves like late stage VC.
I'm not making a moral comparison here. The impact of bad PE deals in China is that an often technology oriented pre-IPO company goes bust, whereas in the US your local hospital will close. Make up your own mind which is worse.
This is very insightful. But it's more profound than what's observed on surface. There was a chain of reactions along with many coincident events.
If we consider a collection of human bounded by different glues, i.e. tribes, culture, religions, ethnicities , political beliefs, cooperate, LLCs, etc., as a new form of creature superior to nature animals, then Chinese as a new creature is very special one. Maybe next to Jews.
The failure of Opium war and consequential changes caused a humiliation that created a special stress on this creature, resulted in a strong response which also drove many revolves inside China. Chinese elites seeking different solutions as reaction to those changes.
One big revolt lead by revolutionaries , the predecessor of the Nationalists who fled to Taiwan in 1949, overthrew the last dynasty of China. However it didn't address the issue of humiliation. The elites continue to seeking solutions while tried to reunite China. CPP was one of them.
After WWII, only 2 contesters survived. Another 4 years of civil war later, the Nationalist lost and Republic of China migrated to Taiwan. In 1971, ROC lost the seat in UN, CPP took over as the representative of China.
Both CPP and the Nationalists are nationalists , among others who lost in the history. The majority of early members of CPP, even strongly believe in the Marxist ideology, deep in their heart they are the same as the other nationalists even they hate and kill each other.
Marxism is a tool which is very effective proved by history, used by the unique creature called China to restore its honor and dignity, without the user of the tool even realizing it. Today it is called "Socialism with Chinese character", a heavily modified and unrecognizable version of Marxist ideology.
That's a little long version of
>that backfired into the communist takeover in 1949
I wish I have time to write a book about it as real long version after some time, maybe 10 years.
