From someone who has lived and worked in China for 2 1/2 years (1996-1998) and speaks fluent Chinese.
<< unfortunately most American stock market investors - in fact, most Americans - have absolutely NO idea at all what it is like to "live" and/or INVEST in a governmentally "controlled" society. we are all - thank God - so use to enjoying SOOO many freedoms - "paid-for" (BTW) literally via the blood of our fighting forces (both men and women) - that we simply cannot conceive of - or relate to - what it is really like to "live" (exists)under such a very brutal and totalitarianly controlled government whose extremely harsh doctrines and dictates are "militarily" enforced upon the people ON A DAILY BASIS!! >>
While there are many human rights abuses by the Chinese Govt., the average Chinese citizen's quality of life and freedoms have increased radically since the country started opening up in 1978. Chinese people can now say what they want to say about the government(among themselves, not in a public forum). Just a few years ago they would have been afraid that their "friend" might tell a the government that they were a subversive and they would subsequently be arrested. People have more and more freedom of abode. In the recent past it was very difficult for Chinese to move from one city to another. Now it is relatively easy, and getting easier. The vast majority of the Chinese people's biggest beef with their government is not their lack of freedoms, but the rampant government corruption.
Companies that do business and/or have large investments in China:
Proctor and Gamble, Coca Cola, Pepsi, GM, McDonalds, Boeing, Budweiser, Amway, United Technologies, 3M, Microsoft, etc. This is only a small list of companies that I thought of off the top of my head.
For people who want more news about China and Chinese Business and Internet please follow these links:
cnd.org
online.hkstandard.com
chinesebusinessworld.com
redfish.com
deall.ohio-state.edu
china-time.com
I currently have no position in CAOL but I am looking for a good entry point to go long 1000, probably on Monday if the stock falls after the Chinese Embassy bombing |
