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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: X Y Zebra who wrote (22394)	1/21/2003 3:03:33 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 57110

well, I guess I would have to agree with that. I'll buy the revolution:-) One thing thing that I saw a lot of was that the upper middle class in China generally has a lot of their money leaving china. When I was the regional manager for Asia-Pac, three of my account managers in China had homes in Canada and vacation homes in New Zealand. All were sending their kids to schools in the U.S. The Chinese who make money in China do their best to have an exit plan. The way that I describe China is that the gov't is communist (they call it enlightened communism), but the individuals are some of the more ruthlessly capitalistic people you will ever see. If you've done business there, you will understand the "ruthless" part. Their business practices are definitely not the same as in western countries. Until that changes, I don't see China as being a great place to park investments unless your time horizon is very long and you have a bunch of money to start with, or if your time horizon is very short, so that you are taking profits early and often.