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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 386.47-0.2%Dec 5 4:00 PM EST
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To: Haim R. Branisteanu who wrote (147959)4/25/2019 3:31:51 PM
From: Elroy Jetson1 Recommendation

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elmatador

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The Chinese government-owned Three Gorges had obtained only 2 of the required 16 regulatory permissions they needed within the next 45 days to close the purchase of Energias de Portugal.

The fact that most "private;y-owned companies" in China are actually owned by the Chinese government is never going to play well in the rest of the world.

It's as if the Russian or US military went on a spending spree trying to buy foreign companies. Who wants one of their utilities or manufacturers owned by a foreign military???


China needs a good rethink their current internal arrangement in order to enjoy the same freedom of ownership in other countries, just as they need to rethink foreign ownership they're willing to allow inside China.

Real estate ownership which reverts back to the Chinese state after 70 years is farcical. Imagine China being told the railway lines and farm land they've bought in Africa or Brazil reverts back to the state in another 62 years - sorry, you didn't buy what you thought you did.

Like Imperial Japan, China can also resort to military attack on nations which don't agree to sell the products China wants - and they should also rethink that ridiculous option constantly proposed by parts of China's Deep State.

Europe is unique in the fact that the boards of private businesses include seats for employee and government representatives. Just because you increase your ownership stake from 23% to 100% doesn't mean your vote on the board rises to 100%. Just as the Chinese government was never going to obtain 100% of the votes on the board, they faced similar problems in the other 14 regulatory approvals.
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