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To: Taikun who wrote (54090)	10/8/2004 9:36:47 AM
From: Seeker of Truth	Respond to of 74559

Hi David, From me you're not going to get such statements as that mainland China is democratic. Not being democratic is a two edged sword. Not long after the general liberation, the opium trade was wiped out. This was a tremendous, wonderful achievement of the Communists. Only a dictatorship could accomplish this. They arrested anybody with any narcotics, whether dealer, user, what not. However since they are a dictatorship, the right of pointing the finger at corruption without fear of punishment does not exist. Hence corruption has crept back in and as a concomitant the opium habit has also, to what extent probably no one can measure. Anyway, investing in China should take into consideration the great dedication of people raised in the Chinese culture to work and study. As a general statement, Chinese people don't spend their time praying or chewing betel nut etc. So we want to take advantage of that. Before Bush came in I had shares in those Chinese owned banks in California. Dream investments, they were. After Bush I exited all investments in the US. So we tread slowly and in the end .... follow Jay. <gg>