Hi CB, I am here, plunged into the gauntlet of the last 60 posts. I thought my Internet Explorer had a problem when so many posts happened since my last post only a short while ago.
Anyhow, I hope all of you are having a blast, which, in some way, you all must be.
Today I did good work, walking around town with a mainland Chinese good honest RMB billionaire (say USD 200 mm) setting up his first offshore company bank account, meant to recycle his export earnings back to China as foreign investment, doing power stations, hotels, paper mills and such. He started life 9 years ago with RMB 500k (USD 60k). All the paraphernalia of offshore companies (seals, resolutions, certificates) amused him enormously, and the zero requirement for paperwork shocked him. He discovered a new toy.
No, the man does not know how to spend money. He is working only to keep score. He is a card carrying member. I am his advisor, and I will be teaching him things he may wish not to learn about:0)
Communism has no chance in China.
Chugs, Jay |
