Speaker unverified: belief

Transcript context

…They're a third space and a factory all in one. It's no different in retail. You have showrooms and warehouses. I think that In the case of, back to your point around China, China has a lot of restaurants. Over seven million restaurants versus what we have here in the US at about a million restaurants in comparison, for example. In China, you also have a very deeply capitalistic society in the sense that wherever there is opportunity, you're going to see lots of people go and fill that. It doesn't have to be a restaurant. It could be a kitchen. It could be coming up with different merchandising. If you're a restaurant, you can sell not just food. You can sell T-shirts, and you can sell hats, and you can sell cookbooks. I think there's a lot of that commercialism also in that industry in a way that is much more advanced than other countries. Yeah. Restaurants are very hard businesses, and they're one of the most common businesses that people start, and yet they're incredibly sophisticated, even on a small scale.…

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