| Stephen, it is a shame that I've never been to the place you were talking about, which BTW sounds like an awesome place to grab a bite, and I no longer live in Shanghai anymore. My point is that most people would be willing to pay a higher price for a better quality commodity if their income is high enough to allow them to do so. Agree it or not, it is just my personal opinion. My father earns 2000RMB a month and he definitely can afford for a silk shirt that costs 200RMB but he is always buying cotton shirts which are much cheaper. Does he like silk shirt more? Is silk shirt better than cotton shirt? I guess so. But constrained by the income level, my father has to make a trade-off. Again, I have little understanding about economics and am open to any opinions. I am not trying to argue anything. |
Business of Zhending Chicken - Part II