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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (19782)	12/29/2004 1:09:04 AM
From: RealMuLan	Respond to of 116555

Mish, that is a very long article, I just scanned through the early part, and think the author missed several points (maybe he mentioned later): 1) a lot of those investments from Virgin and Cayman Islands are actually some sort of money laundry, means corrupted officials embezzled the money through kickback or other forms, and put those dirty money in those islands banks, and then invested back to China so that they changed the dirty money into the clean money. Billions of Yuan worth of state assets have been hollowed away like this. 2) The Chinese official already admitted that the FDI number is somewhat overstated. 3) Dif. numbers of trade balance bet. China and the US is due to dif. Methods of calculating. I will give you more feedback when I have time to read it<g>. Meanwhile, not sure have you read this article or not --"Round-Tripping to CHINA"? Message 20522289