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Technology Stocks : IFMX - Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: Charles Hughes who wrote (11805)	9/2/1998 8:32:00 AM
From: John Solder	Read Replies (1) \| Respond to of 14631

China was much smarter about their transition (and much more suspicious of western pundits, also to their credit.) Transition to what ? Capitalism ? Democracy ? There is no real Capitalism in China (Hong Kong excluded). They are very happy to be "most favored trade nation" partner. They will gladly stuff their banks with US dollars. No true Capitalism will occur for a long time, the old line communists are too wary of the west. They have come to love the western dollar but very few will be seen by regular "workers". There is certainly no Democracy in China. Will probably not be any in our lifetime. IMO. Charles Wang of CA is working the Chinese system to help pry some of those dollars back into the US. He will succeed because he can work the Chinese system from the inside.