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Discussion in 'The Okie Corral' started by Atlas, Feb 3, 2010.
Darn right you should be careful investing in China,... or any other second or third world nation. Corruption if rife in these places since the people there view investor funds as "free money". Investing overseas has always been risky and our current circumstances are no different.
The big challenge facing China is the price of fuel. If it's too expensive to ship manufactured items to the U.S. then the future of Chinese manufacturing is doubt. It would be ironic if a good amount of manufacturing returns to the U.S. for this reason
Every society has it's own inherent flaws and China is no different. In Imperial China, you got ahead in life by studying history and the historical methods of doing things. Conversely, the Western world rewards people for creating something new. It's a matter of one group looking backwards and the other looking forward. This is a key competitive flaw in the Chinese character.
Want to worry about something? Have a close look at India. A highly intelligent people to begin with, which has been enhanced by a focused government program of educating the population. There is a TON of "brain jobs" being outsourced to India.
I guess its time to go to Wal-Mart.