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Non-Tech : CAOL: The Chinese AOL and Internet Lottery
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To: MakeMoney who wrote (86)5/8/1999 3:31:00 PM
From: Investor Clouseau  Read Replies (3) of 720
 
MakeMoney, you have raised some legitimate questions. However, it is well known that China wishes to become a full member of the World Trade Organization (WTO). Search WSJ, CNN, or any on-line news organization and discover how extensively the Chinese a lobbying to become full members. The Chinese know that the long term benefits of being full members far outweigh any short term gain of nationalization. Nationalizing companies is not an excepted method of resolving trade disputes within the WTO.

If the Chinese actually were intent on quick profits, why haven't they nationalized all of Hong Kong? Instead they have used it as a model for other provinces! They are creating a hybrid state; a capitalist country with a massive central government IMO. The old paradigm does not apply to China, just as it no longer applies to Russia or any of the other former Eastern Block countries.

www.WTO.org, for more info on regulations

Hope this helps,

IC
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