**** Great post! In fact, I ASK THE CEO....."WHY CHINA..and why not some other country?"
His answer was their infrastructure development. Not only are they way ahead of virtually all other Asian countries but a real committment has been made.
Most countries in Asia have no infrastructure to speak of (Vietnam, Philippines, etc) and/or their economies are really struggling like Indonesia.
SECONDLY, China's high growth potential on the Internet and sheer population size.
A few people told me that China will have more internet users than all countries but the U.S. in a few short years. And many have read that PC growth in countries like China is predicted to be way higher that the U.S. for the foreseeable future.
THIRDLY, the great love of gambling by the Chinese people, and the approval of the Chinese Government for lotteries, which support sports and welfare programs. It is a "sin tax" and one of the few really "fair" taxes that people don't seem to mind paying nearly as much.
FOURTHLY, less risk in China than before... it turns out they didn't mess up Hong Kong, and in fact are using Hong Kong as a model for other provinces, as Inspector first mentioned.
ALSO, as both the CEO and Inspector mentioned, they want badly to become a full member of the World Trade Organization and are anxious not to cause controversy, especially with American companies investing in China.
Even so, CAOL is careful to seek Legal Opinions of Counsel on all important steps and are using a 10 year veteran Chinese negotiator, and an American Educated Chinese management head.
Believe me, there is no stone being left unturned and the CEO and it's members are savvy and conservative. You will be impressed. I am quite sure. |
