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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Taikun who wrote (54021)10/6/2004 9:48:14 AM
From: RealMuLan  Read Replies (3) of 74559
 
>>What's with the caps?<<

just some emphasis. not screaming<g>

Sinpoec-- most likely it does not have a party secretary any more since it has already had a board and a group of board members. Many big SOEs which have not been sold on the market still have a party secretary. Having said that, as long as it is state-owned (Sinpoec is and will for as long as I can see since energy related to national security), the Central gov. has the right if it wants to give it some direction.

The matter of the truth is China will have to keep some socialist aspects (your word: "remnants of its former self that prevail despite the high tech factories and infrastructure"). These will NEVER go. For a country like China, some socialism is a necessity for remaining stability. Sorry if you, or others, don't like it. As long as majority of Chinese like it, that is what matters.

>>Why do you have to take these comments as a negative for China anyway?<<

Are they not negative?

>>underpromise and overdeliver.<<

No one promise anything about China. If you pay attention to my post, I admit there are a lot of problems with China. And it is a big country, any problem seemed small in other nations will be enlarged times bigger in China.
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