The growing problems China faces now is this: I refere and quote Dr. Vodoo posting: Message 23944962
"In fact, this is quite the cottage industry, springing up all over town in shanghai, complete with burly expats from the u.s., germany etc... many of which are fluent in the likes of shanghainese..."
ELMAT: Those expats most likely are cowboys lookig for a qquick buck and run. I had one friend of mine -working for a multinational-that had a home production of pirated porno movies. Pornographich materials in China is forbidden importatation difficult and carries jail penalties. Because I know the expats crowd very well. I am expat for 24 years already.
"Furthermore, there are likely more than 200 biotechnology companies in china at present. Albeit, manufacture of plastic crap used in the medical industry may indeed qualify as "biotech"....."
ELMAT:Most likely, early retired, former expats trying a fly by night operations. It is like the wild west, where advebnturers come to make a quick buck.
"The fact that there are no fewer than 3 companies working on the development of oral insulin, should indeed astonish. Both for the brass tacks that it takes to tread over ground well trodden by the best and the brightest in the world, as well as for the simple fact that these endeavors are flush with cash, acquired from every creative financing network that one can imagine."
ELMAT: This points to the need to go up market and make a killing. but note!!! Companies usually go to China to outsource production. Why are those 3 companies trying to do there? That's what bugs me. What do you have there that other western country doesn't? That very operation sounds fishy to me. Perhaps an industrial espionage is going on there
"In addition, one only needs to realize that soon we will all be flying to China in jets made by Boeing with parts made in China. This fact in and of itself, you must learn to sit well with as you read trade mags in the friendly skies. For the pot metal has been used up in cheesy lamps, and not as part of the ailerons."
ELMAT: This here means any company that wants to survive, needs to be subsidized by the cheap labor to make the parts.
"Examining how we arrived at this condition, is not only instructive, but enlightening. If one wishes to feed the chinese, one cannot come without a fishing pole, bait hooks etc. Otherwise, they don't seem to be very hungry. ;-)"
ELMAT: This statement shows, that the Chinese themselves, don't know that outside their borders the industrial revolution is unravelling. |
