Marks & Spencer is closing all its stores in China...too much competition. Can't compete. Wrong model. Interesting times. Both McDonalds and KFC are also leaving because, well, they are USA brands and the USA isn't popular due to the perceived US military threat to China in the South China Sea...but also because that old Western model of capitalism doesn't work well in China, whereas Chinese Capitalism, more focused, innovative, more researched, and a hell of a lot faster...is doing very well. We haven't seen any Chinese capitalism in Australia so far as we are off the map of importance really and as we are content enough with the old ways of the world they will continue for some time here. It does mean that the Australian economy can't actually grow, but, that's our choice.