The odds are still against local brands today

The flooding was caused by a “structural issue” that activated the sprinkler system on the building’s third floor, said Julio Cordoba, who owns the building. Cordoba stressed that most of the water that flooded the area came from the sprinkler system, not the rain that fell Thursday night. He said his son Nicholas was at the building all night trying to get the water to the sprinkler cut off.

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Domestic consumption slid from more than 60% of GDP in the 1990s to 37.3% in 2010, according to the International Monetary Fund. But it jumped back to 51.6% in 2011. The odds are still against local brands today, however, as Chinese consumers proudly buy foreign mobile phones, laptops Replica Hermes Purses, clothes and cosmetics.

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