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Costco and Others Like It Could Change China in Big Ways

As a “get rich quick” mentality in Chinese business is endangering consumers with tainted goods, American companies such as Costco have the potential to change the way businesses relate to customers in China. And if Costco’s first store opening in China is any indication, Chinese consumers are ready for the change.

What will change China’s tainted capitalism is the presence in the country of American companies like Costco, which promote a modern version of capitalism where the consumer rather than the producer is at the center of the economic universe; and where profit is a consequence of pursuing a business rather than the cause of being in business.

Read the full story at Forbes.