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To: RealMuLan who wrote (55659)	11/6/2004 11:42:01 AM
From: BubbaFred	Read Replies (1) \| Respond to of 74559

School districts in Shanghai are being reorganized, and I surmise the objective is to terminate old contracts (5 to 6 years contracts duration) and replace them with new ones at lower salaries. They don't even wait for ends of those contracts. They do it now, expediently. Why wait till tomorrow if it can be done today?, and when the teachers' unions there are still wimps. It will be the same here in US, much sooner rather than later.

To: RealMuLan who wrote (55659)	11/6/2004 1:27:38 PM
From: BubbaFred	Read Replies (2) \| Respond to of 74559

<<...US distributor owed them a couple of 100 millions..>> That's no surprise although smells like bad business to allow so much bad debt. I have heard small contractors who hate to do any work for big corporations (such as WalMart or Seven Elevens) because of the hassle and the (wasted time and phone calls) diligent persistence to collect on payments for work completed. The guy who did my driveway told me the same thing, and he prefers small individual contracts such as home repairs and expansions where the payments are more reliable and much less hassle collecting (except for lawyers who tend to be more picky and find fault with everything and try to get away without paying). I came across someone who has a gardening & lawnmowing business and he stays away from lawyers. If there is a new customer, the first thing he ask is the client's household occupations. If there is a lawyer in the house, then he refuse the job.

To: RealMuLan who wrote (55659)	11/6/2004 8:13:10 PM
From: energyplay	Read Replies (2) \| Respond to of 74559

Hi Yiwu - Two other sides of this: 1) How did these "importers" get credit to purchase goods from the A/R and finance people ? How long has that importer been in business - and who owns the importer ? Wouldn't be anyone who happens to be friends with maybe local politicians or other factory investors... Russain style 'capitalism' comes to China... 2) Think that royalty will get paid for EVERY unit produced - or just some of them....maybe the royalty will get paid after the "importer" pays... 3) How did this grow to 100 Billion ? Did someone hire Enron's finance people ?

To: RealMuLan who wrote (55659)	11/10/2004 3:53:32 AM
From: Raymond Duray	Read Replies (1) \| Respond to of 74559

Re: Majority of these “account receivable” are from developed rich countries (wonder why rich countries are rich??), Many have asked this question. Now we get a real answer from an inside player in the game of empire building: democracynow.org amazon.com It seems as though cheating is the best way to win. Who knew?

To: RealMuLan who wrote (55659)	11/10/2004 8:39:53 AM
From: Roebear	Read Replies (1) \| Respond to of 74559

Yiwu, Just anecdotal, I admit... A couple Christmas seasons ago, maybe 01 or 02, the kids bought 4 of the Black Friday special at WalMart, 4 Apex DVD players. Poor kids thought they were buying a high demand consumer good cheap. Cheap they were, out of the 4, only the one I received worked at all and that one only made it through playing 1 DVD before it croaked. Any chance then that these non payments are actually charge backs for warranty claims?? Best, Roebear