US chocolate maker Hershey currently has two percent of the China market, and is small compared to bigger players like Mars and Nestle. Business analyst Shaun Rein explains at the Wall Street Journal the China premium chocolate market is growing 20% per year, but domestic competition is making life tough. But Hershey wants a market share of 27% by 2017.
Many foreign firmsin China fail, and the China Weekly Hangout discussed some prominent failures in January with Richard Brubaker of Collective Responsibility and Andrew Hupert, expert on conflict management in China. Moderation: Fons Tuinstra of the China Speakers Bureau. Including references to Apple, Mediamarkt, Foxconn and many others.
Coming Thursday the China Weekly Hangout will discuss the changes in China’s labor force, especially the blue collar workers with +Dee Lee (Inno), running since 2007 a workers’ hotline at Inno in Guangzhou. Expected is also economist Heleen Mees from New York. Moderation by +Fons Tuinstra, president of the China Speakers Bureau. Our first announcement is here,and you can register for the hangout here.