Archive for Finance

Books for you to Learn more about China:

Posted in Culture, General Advice with tags , , , , , on April 24, 2008 by renlingshuiyue

Sorry for the delay, but my grandmother is visiting, so I’ve been kinda busy.  I’ve also been debating on whether or not to go more acidic for this blog, since I know bursting quite a few bubbles already.

Anyway, if you want to learn more about China, here are a few books I’ve found to be “Personally” useful. This isn’t meant as a commercial or advertisements for these books at all, buy them at your own judgment.

Mr. China

Excellent book, I would recommend it even if you goal isn’t to do business in China. Old China hands like him paved the way for us newer expats.

Asian Godfathers

This is not Directly linked to China, but this should give all the potential investors and business owners a quick cold shower before they rush to the next gold rush/big wave.

Beijing at your Door

Old book by Chinese info standards, but a decent guide to start you off with. There are some outdated information, but this should give you a heads up about Beijing and life in China.

There are quite a lot of books you can read about China, but very few honest or decent ones. After scanning quite a few of them on my trips home to Vancouver, I’ve come to realize that most of them are just hype machines written by this business “guru” and that China “expert”.

I’ll be very careful about some of these books, especially the investing ones. Most of the Chinese companies don’t really understand the concept of Fiduciary. Actually, I don’t think this idea exist in the Chinese language or culture per-se until western common law ideas were introduced. You can NOT get any accurate information about anything involving a company unless you are an insider, so you can guess who actually makes money here. And Chinese companies simply DO NOT BELIEVE they own you Anything(including information) just because you happen to be an investor(minority or majority). If you or your fund managers aren’t willing to put in the FACE time required dig through/drill info from the company(homework), don’t bother, you might just as well go buy a dream weaver, because you’ll get better dreams that way( and lose less sleep).

There are 2 more books that I am reluctant to post, because they are more political or less informative. And one of them might get you in trouble because it talks about a No. 1 Chinese fugitive. So let me brew on that one.

Have fun reading.