About a week ago, I did an article, The Five+ Best Books for Understanding China [link no longer exists]. The article was a public response to a request that I reveal “3-5 good books to read to understand China that are contemporary, but also something providing some historical perspective to current doings.” I listed the
Earlier this year, I was on a slow highway on the outskirts of Hanoi when my daughters said something like “look at those dogs being prepared for eating. Eewww.” Without looking, (and thinking they were referring to live dogs in cages) I tried to put the best spin on things for my 13-year old by
Muddy Waters is a hedge fund company that targets dodgy US-listed Chinese companies, shorts them, and then documents the fraud in which those Chinese companies engage. Muddy Waters has an impressive list of Chinese companies it has exposed, including China Media Express, Duoyuan Water and RINO International. These companies appear to have two things in
One of the things I love about blogging is how I get my stories. This one came to me via an international lawyer in Portugal who sent me a link on Buddha Steel (more on that later) from the China Accounting Blog. First, I am going to briefly discuss Variable Interest Entities (VIE) and how
I just read an article by Shaun Rein, entitled, “Why A Fast Appreciating Yuan Won’t Help US Economy,” and I have bones to pick with it. Let me start out by saying that I “talk China” pretty much every day and I have never spoken with anyone who believes all of the United States’ economic
Had an interesting discussion the other day with two international entrepreneur clients on global prejudices. Both told me of how they “take advantage” of it by hiring women, racial and ethnic minorities, and persons with disabilities in countries where other businesses are reluctant to hire these people. And let’s face it, these prejudices exist, at
China is virtually the sole supplier of rare earths to the world and it is heading towards that same position for polysilicon. The reasons are almost exclusively related to the peculiar way primary industry operates in China. What is occurring is an exchange with few benefits to either side. There are two areas of dispute
David Wolf at The Silicon Hutong blog just came out with a superb post riffing on the meaning of guanxi. The post A Few Notes on Guanxi [Link no longer exists] more accurately and concisely defines guanxi than anything I’ve seen. It is so good and so important, I feel I have no choice but
Our clients are always talking about where to invest in Asia, even more so in light of recent concerns about China no longer being a preferred destination for foreign investment. I have argued consistently that China is one of the best places for foreign investment in Asia. The World Economic Forum’s most recent Global Competitiveness
Understanding Letters of Credit Avoiding Pitfalls in International Transactions Letters of credit are complex financial tools that can be risky if not properly understood. This post will explain what letters of credit are, delve into potential complications, and provide advice to avoid risks when using them for international transactions. A Cautionary Letter of Credit Tale
