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Technology Stocks : MRV Communications (MRVC) opinions?
MRVC 9.975-0.1%Aug 15 5:00 PM EST
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To: Renee Scherb who started this subject11/16/2003 10:49:48 AM
From: Bridge Player  Read Replies (1) of 42804
 
An item for Noam:

Message 19499672

The news that so many American businesses are doing so well is a little known fact of U.S. relations with China, according to an article by The Wall Street Journal. The
Chinese government doesn't release such information, though it keeps track of it for tax purposes. And foreign companies rarely divulge their China earnings for fear of tipping off competitors or Chinese tax collectors. About 42% of the U.S. companies reported that their profit margins in China were higher than their worldwide margins last year.

Officials of the U.S. business group said several forces are converging to deliver fatter profit margins. While China remains a notoriously difficult place to do business, the country's growth is outstripping that of all other major economies. Companies are shedding joint-venture partners and operating on their own as regulatory regimes are loosened. Many have learned how to thrive in this market through years of hard knocks.

"Some companies are coming up the learning curve and are able to cope with the market a whole lot better," said Christian Murck, Amcham China's chairman.

The Chinese market is so important that Microsoft is planning to send over ten vice presidents from seven different business units to visit China. These managers have a mission to study and familiarize themselves with the market. But they are also meant to act as Microsoft's ambassadors to both the Chinese government and emerging private businesses and show the high-tech giant's commitment to the Chinese market.
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