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The founder of Haidilao became the richest man in Singapore. Why do so many foreign companies make a fortune in China?
I always thought that Haidilao, a grounded catering giant, was a national brand, but I didn't expect his boss to be a proper "foreigner" and the national enterprise became a "foreign enterprise".

The reason why so many foreign companies make a fortune in China is mainly because of the huge market brought by the largest population in the Chinese world; Secondly, with the continuous development of China's economy, people's consumption level is constantly improving, so that almost all foreign companies that can be recognized by the people have achieved good development in China.

Another important reason is that for a long time, China people worshipped foreign things very much. It is believed that the moon in foreign countries is rounder than that in China, and that imported goods are superior to domestic products. Many people are proud of using imported brands and try their best to save money when they don't use them.

No matter how expensive it is, as long as you hear that it is imported, you won't be sad to spend money, and you will feel that everything is worth it. Even under the same quality, many people will think that imported products are better than domestic ones. In order to promote their products, some enterprises even have to go abroad, mark the trademarks of foreign products and pretend to be imported goods, so as to achieve good sales results.

In the early years, China was a veritable manufacturing power, but its products were made by the book and copied by the book, which led to poor quality, so it was not recognized by Chinese people and embraced imported goods instead. Apple, Samsung, Mercedes-Benz, Toyota, KFC, McDonald's and so on have all made a lot of money in this huge market in China.

Nowadays, with the economic transformation of China, China has changed from a "manufacturing power" to a "creating power". Both innovation ability and product quality have been among the first-class in the world, and Chinese people's views on domestic brands have also changed, and they are no longer blindly pursuing imported goods. Especially the top companies in China, whose performance has not disappointed the people, I believe the future will be better.