Sorry that your business went under, but then again that's what you get for being in a 3rd world shithole.I agree. I never claimed in the field of research Chinese are at the top, only entrepreneurship. They take an idea that worked in US or Europe and try to replicate it in China. Or adapt the idea for the average Chinese consumer. Nearly no creative flair is required and nothing new requires invention.
This is true all over Asia (also Philippines), when you put up a business and it makes money, your neighbor will launch the same business and attempt to undercut you or if he can't, might threaten you or use other methods of sabotage. Like one lawsuit here, an event-based retail business was sued basically because "they will compete with the locals" and I believe they won the suit. But it's the Philippines, ruled by emotion and corruption, not logic and common sense.
But hey @d08 it's ok I'm sure the Philippine economy will do fine with you contributing as a sexpat. Why else would a middle 30s Euro guy like you go to the developing world? The Filipino cuisine? LOL.