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Pastimes : Kosovo -- Ignore unavailable to you. Want to Upgrade?

To: Timothy Liu who wrote (8203)	5/13/1999 9:46:00 AM
From: Hawkmoon	Respond to of 17770

Tim, If China retains the corrupt elitist leadership that it currently has, yes it remain a third-rate power, militarily and economically. But if they continue to spur entrepreneurial growth, and combine that with the political freedoms that extend from it, and then secure it with a constitutional rule of law that supersedes and holds accountable the national leadership, then China will prosper, and we will prosper with them. I have NO problem with seeing US companies reinvesting a portion of their profits back into China to further development. But for that to happen, there has to be developed an element of trust and stability between foriegn investors and Chinese political leaders. It is EXACTLY the kind of BS that going down right now in Bejing that spooks investors and causes them to reassess the political risk/benefit analysis of any particular investment. We currently have American businessmen canceling their trips to China because their insurance carriers won't provide the necessary coverage. We have reports of Americans being slapped around by Chinese taxi drivers simply because they are American. I'll tell something. I have an investment that manufactures its product in China. And if this BS between DC and Bejing gets too far out of hand, I'm going to sell it and others probably will as well. That's hurts the Chinese workers who manufacture the product, and the western company that chose to manufacture there. Give the West some legal protections AND THE ENFORCEMENT POWER to pursue them, and we'll soon be so intertwined with the Chinese economy that NEITHER country will find it worth their while to make aggressive statements toward one another. And when accidents occur, both sides will find EVERY alternative to directly confronting one another. And that's how it should be. Regards, Ron