Foreign companies will be lucky to escape without major damage in the event of stepped up tensions in the South China Sea. After the jump is a video (it will autoplay) of protesters outside of a KFC.
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H/T: Sinocism
USA Today: Smashed iPhones latest in South China Sea spat
Sales will be affected, and property destroyed, if the protests rise to the level of anti-Japanese protests in 2012. Companies such as Apple would be ripe for a sizable drop if this escalates.
Comments are mixed, but most call the protesters morons. More worrisome for China is that people felt it OK to go after police. China has been very successful with its nationalist indoctrination. The government fears mass protests, but the one most likely to erupt would be a nationalist wave of protests demanding confrontational economic, political or military action.
Maybe McDonald's should think about making a Happy Meal toy of the South China Sea Islands, with each island turning into a robot. Collect the all!
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