China Is Not For Investing

Chinese internet company, Alibaba, removed its crown jewel, Alipay, and transferred it to a company owned by its founder. Western investors in Alibaba are now at the mercy of the whims of the Chinese. Many Chinese companies listed in the US have recently turned out to be complete frauds. Chinese banks lend money for projects that end up looking like ghost towns, yet the same Chinese banks have some of the highest market caps in the World.

I would not put a penny into a Chinese company. I do not trust the accounting and politicians can make up the laws as they go along. It is culturally acceptable to rip off foreigners. Invest in China at your  own risk.

11 comments:

Anonymous said...

agreed.  China is as real as israel

Tsachy Mishal said...

I have owned and am willing to own Israeli companies. I believe it is a fertile place for investment.

Anonymous said...

Lot of empty condo farms in the US as well and a financial disaster to boot.  LIsten, capitalisms all the same.

Tsachy Mishal said...

America is not perfect. But a company cannot simply transfer assets willy nilly. The accounting standards are a lot stricter and allow for investing. Foreigners are not allowed to be ripped off simply because they are foreigners.  One can lose money in the US but at least the playing field is more level.

Anonymous said...

you've gotta be kidding about american accounting standards and rule enforcement.  american finance is one of the most corrupt in the world.

Tsachy Mishal said...

I use US financial statements to make my investing decisions and am satisfied with the results. There are corrupt aspects to the US financial system but the US is a choir boy compared to China.  Good luck finding Utopia.

Anonymous said...

AAA subprime goes down in history as the greatest fraud since tulips.  there is no utopia in usury is my point.  Greed does not discriminate.

Anonymous said...

Whatever, jew.

Tsachy Mishal said...

That is quite an intelligent response.

China Remains Uninvestable said...

[...] hesitated to write this post because my last post on China led to personal attacks, but I have decided that it is wrong to allow that to influence [...]

Anonymous said...

cuthean, why don't you use your real name?  you hide behind the veil of the internet making these slurs, you fucking pansy.  make that comment to anyone's face and they will kick your little ass all over the place.  man up.