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View Jonathan Bernstein's Comments
China, Where Foreign-Owned Companies Go to Die
Jumbojetman, thanks much for your on the ground knowledge. I think it only proves my point though. You can personally attest to the quality of the McDonnell planes. We know that McDonnell knew how to mass produce them, its long history proved that. And we also know, that McDonnell was VERY cooperative with China, the machine tool caper proves that. So why did China buy only 35 planes, over nine years if it was serious about the joint venture? The only answer that makes sense is that China was not at all serious about buying McDonnell planes, but very serious about mining McDonnell's technical knowledge. Given the tortuous history of the venture, and the national security compromises it had entailed, Boeing had no choice but to shut MD China down.
As to Mr. Taylor, I play China by owning companies like Suncor (
) which has long life oil reserves in politically stable Canada. If you wanted to play FXI, I would simply use a longer term chart (weekly or monthly) and stay long when your technical indicator of choice indicates an uptrend. Over the long run FXI or similar vehicles will reflect China's rapid growth, you just want a way to protect yourself against its volatility
Jan 23, 2011. 08:34 PM
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