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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: RealMuLan who wrote (53327)9/13/2004 7:56:21 PM
From: Seeker of Truth  Read Replies (1) of 74559
 
Now either the losses were real, in which case the article displays paranoia and nothing else. Or the losses were fake and in that case the financial authorities were too new at their task. Cheating on taxes is a crime which any government that truly tries can certainly close to eliminate. In either case it doesn't sound like a valid case against foreign investment in China.

Your other statement that foreign companies are somehow capable of keeping China technologically backward sounds weird to me. There are exactly two ways of learning as beginners about science and technology. One is to take engineering and science courses at a university. The other is to work at a company. There is absolutely no way that any company that operates in China can keep every employee at the technical level that they were when they entered the company. The may keep X a secret or Y a secret but they cannot avoid training people in A B C and Z. Now combine these trained people, trained in universities and/or trained in companies with some Chinese owned capital and presto! you have start up companies. Chinese entrepreneurs like those of every other country started off doing just buying and selling(mai mai).Then they start making the stuff instead of just buying it. Fully Chinese owned companies have to be in the minority at the beginning. After a while that can't continue to be true. There's too much talent in China.
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