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
Many of you have no doubt heard the rumors about China investing $3.0 billion in Cambodia’s energy and transport sectors. I recently discussed these rumors with some Cambodian lawyer friends of mine and they told me that resistance to these Chinese investments has started and it appears the projected investments are, at best, provisional plans.
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 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 to post it wholesale
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
In Five Reasons China Will Rule Tech, Forbes claims China will soon be taking over the tech world. I’m not buying it. I set out Forbes’ five reasons in bold below and then I analyze them in normal font. 1. China’s leadership understands engineering. Eight of nine members of the Standing Committee of the Political
Understanding Letters of Credit Letters of credit are complex financial tools that can be dangerous if not understood properly. This post will explain what letters of credit are, delve into specifics on potential complications, and provide advice to avoid risks when using them for international transactions. A Cautionary Letter of Credit Tale I got a
As China moves from “factory to the world” to a growth engine for the world, the number of foreign businesses wanting to sell into and within China is rapidly increasing. These days, product companies that contact our law firm are just as likely to ask about selling their product in China as to ask how
Did a post recently, How To Speak Through A Chinese Interpreter, setting out ten things that will improve your speaking through a Chinese interpreter. That post led to a number of comments, including one that really kinda ticked me off. And I almost never get ticked off. The comment that really bugged me was from
