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Time Asia examines investing in Communist China
Somewhat surprisingly, they don't bring rose-colored glasses to the subject. One banker, despite doing well, has deep, well-founded suspicions about Communist China, in part due to his suffering during the Cultural Revolution. Jim Huang, who has also succeeded, had this to say to Hannah Beech: "there are con artists everywhere. They will cook their books. They will lie during presentations." Scroll Down: http://china-e-lobby.blogspot.com/ Taiwanese businessman talks about dangers of investing in Communist China: 80 percent of the Taiwan business invested in China will eventually fail. Xue Yuhuang, a Taiwanese businessman, talked to the Liberty Times about his harrowing experiences as an "investor" in Communist China. He fought and lost, against local corruption, and while he "was able to recover 90 percent of the original investment and able to withdraw successfully, but his brother-in-law, who had invested $70 million in Taiwan currency, lost every penny" .... http://www.theepochtimes.com/news/5-3-23/27241.html |
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