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Reality vs inflation at 1972 Canton Trade Fair
In April 1972 an American visitor priced Maotai at $2. this year it cost $14, a reality change rather than inflation, with jade and ivory prices rising up to 2000 percent. Harned House, a Los Angeles lawyer, notes Chinese buyers now study prices, technology, and credit closely, adapting design, packaging, and messaging to American markets while stressing mutual trade and moral buying choices.
MENTIONED IN THIS ARTICLE
NEW Y (Ap
Carton
Harned Pettus House
Los Angeles
Canton
People's Republic
Chairman Mao
Mao Tse-tung
House
China