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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (53309)	9/13/2004 5:56:36 PM
From: RealMuLan	Respond to of 74559

>>One of the bigger problems is knowledge walking out the door so next year you have 8 new Chinese competitors, 3 in Taiwan, and two in Malaysia. Tends to hurt profitablity for local and overwseas investors....<< You have a point there and I agree. My point is that the rule of the game is basically set to the developed countries' advantage. Unless China develops its own standards and get treated evenly, it will NEVER EVER catch up. It will be technologically colonized, and forever so, by the multinational corps. >>Are you talking about the hollowing out of the older state run industries ? Some of them were hollow to begin with... << They were NOT hollow to begin with, they were hollowed during the process of so-called REFORM. Leave millions of previously-employed SOE workers holding empty bags.