SHANGHAI — On the heels of taking over its Mainland China distribution after operating here for six years through a partner, Shanghai Tang is bullish about its prospects.
“I think the crisis is very beneficial to China because, one, the shuffle means China is becoming the second or third superpower — just imagine if China dropped the U.S. dollar,” explained executive director Raphael le Masne de Chermont. “Two, we are entering the Internet era, which is changing the way people will consume. Third, the world is more ecologically aware: half of China’s stimulus is green-related. China is superpolluted, but is addressing that.”
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