[QUOTE=bitonti;2805504]this is why when people say china is the next big threat, im not really all that concerned
how can an economy so rife with corruption become the best in the world? how can they lead when they are poisoning their childrens' milk? it's just not gonna happen. I can appreciate rapid growth rates but let's be real their economy right now is the size of CT, projecting the rates of growth to go unchanged and eventually China economy to be bigger than USA assumes that gov't sorts itself out, that's a big assumption.[/QUOTE]
I visited the headquarters of Abbott Labs while I was in Shanghai last year. I spoke to one of their brand managers about the deals that were available on counterfeit goods on Nan-jing Road. He responded by telling me that the counterfeiting that western companies (luxe goods, consumer products) worry about means nothing to them. The bigger problem was the counterfeit meds, and baby formula that people in China depend on to live....
We've known about this crap for a long time, yet we continue to invest in that government. It's really disturbing.