RE:RE:RE:From Reuters this morningThere's a simpler, less racist, and more compelling reason: no matter how many shares you own of a company with assets in China, you do not own a share of those assets; the CCP owns them. Case in point, SVM. Massive growth in current assets, which should have been substantively returned to shareholders over the years, waiting for SVM (i.e. the CCP) to buy strategic foreign assets. HQ in Canada? Not really.
BTW - A warning of upcoming zinc surplus was published many months ago and a URL to the article was posted here many months back when I was a regular reader of this board. There should not be much surprise value today.
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miles44 wrote:
There s a reason why I would never invest in China. A friend of mine, former head of china business of a major global bank, once said (half joking, but the main message was of course serious): In China fraud doesnt exist. They think: "Why did you believe what I told you? Its your fault, you should have checked it." They dont even have a bad conscience about lying, its a normal way of doing business.