From Chinese painful experience, they realize that American companies are like hungry, expensive, vicious beast one should not try to tame. Their own companies have not yet acquired the 'managerial sophistication' to tame such beasts, and they got burned badly in all of their previous attempts. That's right, ALL have been failures, big waste of money so far. The big investments does not even last very long before they had to be written off completely.
Only resource companies with real STUFF in the ground is attractive to them.
China's Latest Hunting Trip [View article]
From Chinese painful experience, they realize that American companies are like hungry, expensive, vicious beast one should not try to tame. Their own companies have not yet acquired the 'managerial sophistication' to tame such beasts, and they got burned badly in all of their previous attempts. That's right, ALL have been failures, big waste of money so far. The big investments does not even last very long before they had to be written off completely.
Only resource companies with real STUFF in the ground is attractive to them.
On Feb 25 02:08 AM Kunst wrote:
> Exactly right!