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The new gold rush

In: Future Asia

Author

Listed:
  • Rajiv Biswas

Abstract

A Chinese friend of mine — who is a Beijing-based investment banker — told me he was shopping in New York recently, looking for watches at an up-market department store. The salesperson was showing him the watches. As he was trying them on, he noticed that a shabby-looking Chinese gentleman alongside him who was unable to speak English was not getting any service. My friend asked the saleslady if she wouldn’t mind serving his countryman for a moment. She reluctantly agreed, but was unwilling to let the poorly dressed customer handle the watches. Eventually my friend persuaded her to let the Chinese customer try on the watches. After trying on several, he said in Chinese that he wanted to buy three, which my friend translated to the saleslady. The Chinese gentleman opened up his battered briefcase and pulled out thousands of dollars in cash to pay for them. In the best traditions of New York commerce, the saleslady ditched my friend and gave the Chinese gentleman her undivided attention as she processed his transactions, leaving my friend struggling to get served.

Suggested Citation

  • Rajiv Biswas, 2013. "The new gold rush," Palgrave Macmillan Books, in: Future Asia, chapter 0, pages 25-41, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-02722-1_3
    DOI: 10.1057/9781137027221_3
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    Cited by:

    1. Tseng Shoiw-Mei, 2015. "Poland’s Trade with East Asia: An Outlier Approach," Folia Oeconomica Stetinensia, Sciendo, vol. 15(2), pages 81-100, December.

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