Hello Pezz, Today's Report: Did nothing more than chit chat, do a banquet, and sign some papers. There is buzz of energy whenever I travel on the Mainland.
Chinese reform process seem to be at the cusp of a new phase, all to start post 16th Party Congress meeting:
(a) wealth creation/distribution will likely take a large leap beyond what was possible before. For example, the management group of the company I am dealing with will buyout 160 mm of state assets with 30 mm payment aggregated from a whole bunch ofd sources. This, according to them, is about to happen everywhere. The dealing price is justified by the risk;
(b) Direct elections, now limited to village level, will likely be implemented at the county level (with city, province and national levels still to go);
(c) Unemployment pool turning over quite rapidly, and the place I am at (Yichang, along the Yangtze River, next to the Three Gorges Dam) is experiencing difficulty in retaining domestic servants; and
(d) The Communist Party is considering changing its name to something like Social Democrat Party (I give this 0% chance in the short term, say 36 months:0).
I believe the financial market is incubating a equity rise of large proportions.
Chugs, Jay |
