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China’s Leaders Are Opening the Door for Profits

the picture in china is mixed with the federal government making the right economic noises while lacking chain of command. in beijing the job market is loose for qualified individuals, with most college graduates unable to find work above 1200rmb/mo. that said, the large companies inland find that after learning skills quickly, workers learn to defraud the company. this has forced foreign companies into outsourcing many activities because only Chinese companies can beat their workers. with a culture built for the last forty years on lying and swindles and violence, the pathological lack of transparency, and a generation gap unlike anything foreigners could imagine, investors do well to tread carefully in a booming authoritarian economy that has not yet seen its first economic contraction.