Survival Tips and Bubbles…
Dan over at the China Law Blog looked at a list last week of the Top Ten China Business Survival Tips.
I loved the post. I'm like Dan: lists are hard to resist because they tend to reduce information to manageable forms…
The first item on the list struck me because we'd just talked about the concept here a couple of days ago: “China is not a bubble, it will not fade so easily.” Amen (which is about what Dan said, too). I hear it all the time. That's a bubble, this is a bubble.
With a bubble, bubble here
And a bubble, bubble there,
Here a bubble, there a bubble
Everywhere a bubble, bubble…
I'm not saying there won't be ups and downs. Sure, the prices people put on Chinese stocks are over-valued. But I don't think we've figured out how to assess the potential China's economy has. And that's the rub.
I'll mention tip four here: “Frustration in China is unavoidable, keep going.” Dan agreed. I agree.
Read the rest of the tips at the China Law Blog.
Source: China Venture News
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