“Looking back through history,” says Neil George, “China is one of the countries that’s never invaded anybody.
“In fact, China’s been a very defensive country. The Great Wall was built to keep the Mongol warriors and others out. The idea that after 5,000 years of history, China’s all of a sudden going to start grabbing land with guns — it’s just not part of the business model of the country’s management.”
The model, instead, is commerce: “Rather than invading around the world,” says Neil, “China invests. In the process, it has been reaping the commercial rewards. Investing and building in developing markets around the globe is bringing new customers to the manufacturers and service providers of China.”
Neil is the newest member of the team at Agora Financial, heading up our income desk. Not only is he a 25-year veteran of the financial industry, he’s done business inside China for 20 of those years. He’s helped Anheuser-Busch break into the Chinese market. He’s launched Chinese mutual funds. He’s consulted with financiers setting up the country’s first real estate investment trusts. He’s taught at the Shanghai University of Finance and Economics.
“I remember days when most of the guys I saw on the street were soldiers in green suits,” he recalls. “Now it’s businesspeople in blue suits.
“Everyone is so focused on building wealth, it’s infectious. As soon as you land and the airplane’s door opens, you get this incredible rush. And you can’t wait to get back once you leave. It’s as if there’s something in the air — an economic drug that makes you that much more driven!
Read More at The Daily Reckoning . By Addison Wiggin.