No offence intended Paddy but my confidence in Irish Financial reporting
based around Chinese propaganda spiel is not high .
On the other hand I do value insights like these which were among
reader comments found on another website .
The Chinese business environment .
Firstly you won’t get a better education in China.
Their education system is more corrupted than any education system in the Western world.
At least currently speak. They won’t and can’t fix it soon.
That’s why you see so many Chinese students want to study abroad when they can.
the good time for free capitalistic entrepreneur period in China is something
of the past. The good time was from 80s – 90s. Now everyone’s complains
that it’s impossible to do business on your own. The State big blood sucking
corporations are taking over everything. Until CCP is willingly to change
things only become more and more difficult. But change is en extraordinary
hard thing to do because the interests groups and power structure involved
called – Guanxi 关系 (the merge of political and money power connection. )
In China they say there is no white or blue collar now but the BLACK collar
(the younger generation of corporation execs/bankers financiers / business
who are born to the high power families who are connected to all the right
power and have free assess to the state banks. Meaning, the CCP
aristocratic hereditary connection that dominate the political and the money
power structure – the Chinese Elites.