Thursday, June 23, 2005

The 8000 lbs Chinese Gorilla

Yes, 8000lbs, not 800lb.

How do you deal with a country whose (state owned) enterprises are back by the state's power of taxation (on over 1 billion people) and a monopoly money foreign exchange policy?

While the potential CNOOC - Unocal deal could be dealt by the US government running some interference, are potential asset sellers mistakenly underpricing themselves when dealing with the Chinese?

Just a thought?


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