Fast forward nearly 250 years, and again we are seeking commonality between two countries that often seem a vast ocean apart. In working with Chinese management on a daily basis, not unlike Ambassador Franklin, GEP finds more similarities than differences in the goals and commitment of these Chinese partner companies. Yet, "forewarned is fore-armed" remains a tenet of the day. What about viewing the news from China not managed or filtered by the Central Government? With the advent of the social media in China, a historic event that has the government scrambling to scramble it, several prominent sites are working hard to stay ahead of the censors. Gen-X progressives and social activists rely on China's Forbidden News that is readily available--at least for now--both in China and globally.
As the world spun into the 21st century, it became the Chinese who've swum to the top in many ways. Even Warren Buffet may shift his power center from an Omaha posse to a Peking cadre, as detailed in The Wall Street Journal in late July 2010. Lest the tide of events be recognized, jingoists will be swept out to sea. To follow the ebb and flow of many China-based public companies, iChinaStock.com is amongst the most useful tools. To leap 40 years ahead, "The World in 2050", as forecast by the HSBC Bank, ranks the world economies, in order: China, the United States, India, Japan, and Germany. As President Abraham Lincoln once observed: "Nothing is as certain as change."
To determine the wisdom in investing in China-based companies, a good debate would be between Warren Buffet (born 1930), who said: "[If] they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful", and John Maynard Keynes (1883-1946), who reminded us: "The market can stay irrational longer than you can stay solvent." What a pity that the Nebraskan was only 16-years-old when the Cambridge Brit met the Great Auditor for an eternal review.