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Microcap & Penny Stocks : GTCI - get in before the news hits -- Ignore unavailable to you. Want to Upgrade?


To: SPSEIFERT who wrote (532)2/12/1999 1:10:00 PM
From: ztect  Read Replies (1) | Respond to of 1541
 
Market reform w/o political reform equals continued corruption and brain drain

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Fortune Magazine March 1 issue story not available on line at this time

"China's Reform"

Now Comes the Hard Part

It has become an economic force to be reckoned with, but it's still unprepared to run the risks that real change requires.

by Richard Tomlinson

THIS ARTICLE RE-AFFIRMS ALL THE POINTS THAT I HAVE BEEN MAKING REGARDING CHINA.

I will try to scan and reproduce the text..



To: SPSEIFERT who wrote (532)2/12/1999 3:19:00 PM
From: ztect  Read Replies (1) | Respond to of 1541
 
Excerpt from "China Reforms" WORTH REPEATING one more TIME

"...scams typify the fleece-the-foreigner mentality rampant among middle-ranking Chinese officials. Far worse, however, is the way the same provincial deadbeats-largely beyond the control of the central government shovel resources into state-owned white elephants (and bribes into their own pockets) while doing their best to drag down China's homegrown entrepreneurs.

The core of this rotten system must be seen to be believed..."


Click to read preceding post AGAIN and AGAIN for anyone contemplating investing in ventures in China including this one GTCI.

Message 7799743

ztect