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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: RealMuLan who wrote (54018)10/6/2004 1:42:54 AM
From: Taikun  Read Replies (1) of 74559
 
What's with the caps?

<The TWO can NEVER separate>

I can think of lots of examples where a nation's economy progressed faster or at a different pace or under a different style than its political structure. Malaysia under Mahatir, current Saudi Arabia and Singapore all come to mind. I also see no reason why China cannot have economic success while retaining aspects of its political system from former eras.

For example is Sinpoec really an independent company like we have in the US, or does it have political presence in management, guiding its progress in concert with centrally directed initiatives, to ensure stable economic progress unlike the mafia asset grab that occurred in Russia?

There are about 30-35 'China' this and 'China' that companies where one would be advised not to mistake them for a Western style company despite the economic facade. No, in the US, despite all its shortcomings, we do not have a US Oil and Gas or a US Telecom securing energy or communications for the nation. Lets not mistake what these animals are-they are tentacles of China's centrally-directed gov't dressed up to hoodwink foreign markets with their ADRs in NY and so on.

So I don't know what you're talking about mate. China has many remnants of its former self that prevail despite the high tech factories and infrastructure.

China's decidedly slow progress in democracy has the purpose of controlling and stimulating economic growth. Try to tell me that isn't the objective.

Why do you have to take these comments as a negative for China anyway? Are you worried China doesn't have what it takes? If so, you are right. China will fall at least once as it goes down this road. If you are in denial you will be disappointed.

Remember the business mantra: underpromise and overdeliver. Lets not get that reversed when it comes to China.
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