China, a wave of patriotism, writes Deutsche Wirtschafts Nachrichten. Against the background of a trade war with the US residents of China are increasingly buying not American and domestic brands. Most strongly against the boycott suffered by the manufacturer of Apple iPhones, the newspaper notes.
A trade war between the US and China have not only governments of these countries, but also ordinary citizens, writes Deutsche Wirtschafts Nachrichten. Chinese consumer preference for domestic products, as evidenced by the data on sales in the country are smartphones.
Compared to the previous year in the third quarter of 2019, the local manufacturer Huawei has increased its turnover by 66%. Experts attribute this to a “wave of patriotism” that covered China. In protest against the aggressive campaign that Washington is doing against the Chinese manufacturer, the country’s citizens to buy its products, while rival Apple is simply ignored.
In the second quarter 2019, when the trade war started only to flare up Huawei turnover increased by 31%. American President Donald trump is not only imposed duties, but also adopted sanctions against some Chinese enterprises, prohibiting them to conduct business in the United States. The people of China is angry — what not the last role was played by the local state media — and they began to pass by American products.
Hardest because of the boycott of goods from the United States suffered the manufacturer of Apple iPhones, the publication continues. In the second quarter of 2019 sales of American companies declined by 14% and the third another 28%. As a result, in the 12 months Huawei has been able to increase its share in the Chinese market with 24.9% to 42.4%. The share of Apple for the year decreased from 7% to 5.2%.
Problems arose from American automaker Ford. Compared to figures for the same period last year in the third quarter of 2019, the sales fell by 30.3%. Yet General Motors and Volkswagen are the leaders in the Chinese automotive market. But consumers are less likely to prefer foreign brands. Mostly “out of fashion” American, once considered “cool”. And, apparently, a trade war is still long, so it is possible that Ford will have to withdraw from China and incur huge losses.
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