Korea -1 Kim = China + 1 Zhang
My friend Brendan Carr over at Korea Law Blog just re-ran an excellent (and very blunt) post he wrote back in 2005 for The Marmot's Hole. The post is entitled, "How to Get Cheated Every Time: Ignore These Warnings," and though it deals exclusively with how to avoid getting cheated on a Korean business deal, it starts out by saying, "probably this is good advice for China too, but I don’t know the patterns of doing business with Chinese. What I describe below is absolutely typical for disaster-story credit losses based on my experience."
It is also typical for China and I left a comment on Brendan's blog saying that the only changes one would need to make for his post to apply to China would be to change "Korea" to "China" and "Kim" to "Zhang." The real point of the post is not to criticize Korea, but to try to temper the irrational exuberance to which foreign companies too often succumb when confronted with the possibility of doing business overseas. The lesson is that when doing business in countries without highly developed commercial law systems (and this is truer of China than of Korea), you need to be on your guard at the outset. Or, as I like to say, "don't check your brains at the gate."
Comments
China is a ninety percent polluted nation ruled by
a small group of merciless, ruthless, power-craving
leaders who has intentionally killed millions of their
citizens every year and still try to deny this hideous
truth. It is stupid to try to smooth talk over any
serious subjects with these leaders, who would
never actually comply by rules. Over the recent
years, the hypocritical Chinese leaders succeeded
in widening the social inequity gap and producing
thousands of spies aboard. It
is frustrating that so little attention has being paid
to this heavily launched spying efforts of China and
the rapid military buildup under the command of
these hypocritical Chinese leaders.
Anyone smart enough should be able to figure out
what China, a nation that is responsible for most of
the planet's warming temperature and pollution, is
trying to do.
CLEARLY, LITTLE TAIWAN HAS GROWN TOO
SMALL TO SATISFY THE RAVENOUS HUNDER
OF THE PRC LEADERS.
TO PROTECT OUR HOMELAND SECURITY FROM
these ruthless tyrants, please BOYCOTT ANY
IMPORTS FROM CHINA. NOBODY NEEDS ANOTHER
BATCH OF POISONOUS DANGEROUS PRODUCTS
FROM WASTELAND CHINA, MADE BY MORALLESS
CHINESE EXPORTERS IN COLUSION WITH THE
MORALLESS CHINESE GOVERNMENT.
Posted by: Anonymous | August 8, 2007 11:49 AM