Wednesday, March 01, 2006

Optimistic about China?

Don't be. Unperforming loans, goverment control of industry, massive corruption. I wouldn't rush out to stake my long term financial plans on Chinese stability. Of course, many major companies dissagree and are falling over themselves to pour cash in (GM, call your office). End result: when China adjusts itself to whatever end, we all feel it. I may be doing some work over there in the near future, but we're selling to a foreign company, no long term involvment, basically grabbing some cash now and letting the Belgians worry about it.

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