Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT -- Ignore unavailable to you. Want to Upgrade?

To: djane who wrote (5902)	7/21/1999 4:58:00 PM
From: Maurice Winn	Read Replies (3) \| Respond to of 29987

What's Behind Trade Problems in China? By James J. Cramer He answers his question: Some of the bigger telco-tech companies have poured billions into China looking for orders. But ever since the mistaken bombing of the Chinese embassy in the Serb war, China has suspended some of the larger projects and ceased ordering. There is also bad business judgement. It is not straightforward to see a billion increasingly well-off people, set up shop and sell to one in a thousand of them, which seems to be the business strategy of many foreign companies. Americans have never been invaded. Not counting the Chinese people who emigrated there maybe 10,000 years ago, and were the original settlers across both North and South America. They were invaded by Europeans, mostly from Britain. But since the European invaders, it hasn't been invaded militarily. Sure, there have been a lot of illegal immigrant invaders, which annoys many in the affected areas, but those 'illegals' work and help the economy. If the 'illegals' were repatriated the cost of food would go up, since it's hard to imagine the well-off indigenous population working in the fields for around $5 per hour. Anyway, unlike the USA, China has been invaded. The Great Wall of China wasn't built to provide entertainment for visiting foreign dignitaries. It was intended to keep invaders out. Japan didn't keep out. The British didn't keep out. They have had wars with Russia, India and Vietnam in the past few decades. They had a horrible civil war in which and after which millions were killed or died from privation. They are surrounded by large and powerful or potentially powerful countries [Russia, Japan, Taiwan, USA, India]. They are regularly threatened by maniacs in the USA and the official policy of the USA is antagonistic. The USA recently bombed the Chinese embassy in Belgrade, killing three people. The USA is currently supporting Taiwan against the Chinese government. The USA sails very powerful warships between Taiwan and China as a direct threat. China is excluded from WTO status. If one studies "How to Sell Widgets", or "How to Handle Customers", you won't find many chapters on 'Bombing Techniques' or 'Vilification Suggestions'. So it's not surprising that things are not going smoothly and that Chinese are not welcoming American bombs with open arms. Walk a mile in their mocassins and see how you'd feel. The USA doesn't like their embassies being bombed and took military action against the bombers, right in the bombers' home bases! Reasonably so. China presumably doesn't want an all out war with the biggest thug on the planet, so they are doing what powerless people do. They separate themselves from the aggressor as best they can. When the neighborhood bully tries to sell, they look the other way. Simplistic people would think, "Ah, but they will be better off if they buy our great stuff, like cdmaOne, so they will have to buy or live a more rotten life than othewise". Not so! Mostly people would rather live a more rotten life than submit. Think of 'give me liberty of give me death'. If somebody bombed your car and murdered your children, even if they meant to get your neighbour and said sorry [while still threatening you as well], would you buy something from them if it was the only thing that would do the job or would you just make do without? China will form alliances with other similarly disaffected people to trade among themselves on a happier basis. Hence, Jenny Shipley, the NZ Prime Minister went calling a few days ago and seemed warmly received. Let's hope the USA soon pays compensation to China for the bombing of the embassy. Then trade can get going and we can all live happily ever after. The End Maurice