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RMB appreciation fosters more Chinese companies to go abroad
Feb 21, 2008 22:33
#11  
  • GARYKINKADE
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  • Join Date: Jan 8, 2008
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Challenge my limits...Well, I could always clean the garage or back porch of the house as my wife and daughter are always pestering me to do. Addicted to drugs...no I just smoke a pipe which is why I am confined to the porch by the wife when smoking and on the internet. As for gambling.....a penny (1/100 $) per line on slot machines i.e. $20 U.S. will last me all day. Las Vegas just loves me as a big spender.
Feb 21, 2008 22:41
#12  
  • MARRIE
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  • Join Date: Jan 7, 2008
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you are a salve at home, a king at vegas. its a venture life, he he..well, good night (good morning?)
Feb 23, 2008 23:19
#13  
  • APAULT
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  • Join Date: Mar 11, 2006
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As Marrie commented, China is extremely lacking in management expertise. At present the exceptional profits being made in China re based on exploiting the workforce. This will eventually end and to be internationally competitive China will need to adopt 'world best practices' . This requires highly skilled management techniques. This is one reason for joint ventures at present: China obtains such skills and the overseas partner gets higher returns than in a mature economy.

Investing overseas is also a means of diversification. Perhaps the best example is the need for rich oil producing countries to invest in mature businesses overseas. When there oil ceases to flow, they will have income streams from overseas. For China it means that if the economy flutters for internal reasons, the impact will be reduced.
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