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Old March 25th 05, 11:23 PM
Li Changchun
 
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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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