A recent survey on 2,700 SMEs in Shanghai showed that 68 per cent of the enterprises have difficulty in financing and 47 per cent of bankruptcies are due to lack of money.
so sayeth the China Daily.. you heard it here folks...
Tim Clissold: Mr. China
I will have to dig up a commentary I read on this book which went along the lines of 'if you think that this text is required reading for investing in China, you probably shouldnt be managing other peoples' money'. Nevertheless its a reasonable read. China investing is a much different proposition today.
Warren Buffett: The Essays of Warren Buffett : Lessons for Corporate America
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