Posted on 05/11/2008 4:40:50 PM PDT by DeaconBenjamin
There will be more of this.
The Chinese will make billions drilling for oil in the Gulf of Mexico and then use the money to buy American firms that won’t drill in the Gulf because of insane liberal environmentalism.
Is this article a PR plant to make the "princelings" look good?
Most are “princelings”, but many are not - I know several who built up their business themselves, and came from pretty humble beginnings...
Most of the Chinese businessmen looking to expand overseas are actually those of the latter, not the former. The former tend to be happy to just sit at home, letting things stay stagnant. The ones pushing expansion are those who started it themselves and see the value in expansion.
For Sale: One country. Slightly used.
Isn’t this how the Japanese investors got burned in the ‘80s?
I was an offset platemaker for about ten years prior to the digital revolution.
Mr. Liu is offering wages I made 15 years ago to make plates in commercial print shops.
Why just buy the rope from the capitalists when you can get a real bargain on the whole rope factory with big tax breaks too.
There are no business owners in China.
China is a Fascist nation.
No one truly owns anything, and any and every deal they make only leverages them against us as we become even more dependent on them.
This is very bad news.
Is anyone paying attention out there?
I'm still buying American when I can, but will "Made in USA" now mean "for the Chinese factory owner"?
Of course, any boycott of Chinese owned firms in the US will be greeted by "But you are hurting Americans!".
From last year.
http://www.forbes.com/lists/2007/10/07billionaires_The-Worlds-Billionaires_CountryOfCitizen_3.html
The claim that 90% of China’s billionaires are the children of senior cadres is not even closely true. Unless of course one chooses to define a senior cadre as pretty much any member of the Communist Party. Almost all of China’s billionaires are actually self made, with the exceptions being those few who inherited and only one of them inherited from a former Vice-President (ceremonial role) who was already wealthy to begin with.
The term red princeling is really meant to describe just a few families who come from the political elite. Such as the children of Deng Xiaoping or Jiang Zhemin or Hu Jintao.
I wish we could learn capitalism and entrepreneurship from the Chinese.
Wait until he joins the local Traitors of Commerce chapter--they can tell him where to find workers who are closer to the Chinese wage rate.
Don't give a pass to the insane liberals Jeb Bush, Charlie Crist and Arnold Schwarzenegger.
They bought high. The Chinese appear to be buying low, at least so far as the dollar and real estate market.
Didn't they invent both about 2500 years ago?
I was a mite incredulous of the numbers myself but the tenor remains
I believe it's true that most enterprises and all major enterprises are state owned, where state can be a municipality and owned can mean majority "share holder."
The Party claims supreme authority but has allowed private initiative as long as it benefits the Party such as attracting Western FDI, technology, and intellectual property. Not all Western technology and intellectual property have been willingly transferred or stolen yet.
Will "socialism with Chinese characteristics" last long enough to get it all. That is the question, IMO.
They may not have invented it, but they have perfected it, just like other things they learnt from the West. I am filled with admiration for them after having visited China.
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