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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: richardred who wrote (15694)	1/16/2014 2:04:52 PM
From: ajtj99	Respond to of 33421

Amway went through that stuff about 10-years ago in China, and they caved, agreeing to open up retail outlets and change their methods. Eventually the government agreed to also let them do door to door selling after they had established almost 200 retail outlets. Avon also had big issues there during that time. I even crashed one of the Amway offices in Wuxi, China a couple years after the ruling just to check out how things ended up, as it was just a few blocks away from my hotel. Just like here, if you walk in someplace looking like you know what you're doing and belong there, people don't mess with you. Albania had a massive pyramid scheme a little over a decade ago that almost bankrupted their entire, already poor, population, so I'm sure China learned from that situation and applied their preemptive solutions to both Avon and Amway. Expect a similar outcome for NuSkin in China, although the richer, more connected people may delay the onset of it and get a more favorable solution than Avon and Amway got 10-years ago, as the informal channels of commerce and finance are more fluid these days in China, and things are often too interweaved and complex for the authorities to handle, as so many are complicit in what's going on.