Investing in China is all the rage nowadays.
I was over there in 1994 working on a joint venture investment deal, and thought things were done more than a bit funny. During due diligence for the JV heavy manufacturing operation, it seems the further we dug the less assets existed. And the liabilities went in the opposite direction. I never got a straight answer out of anybody, but one thing was for certain: the investment from the US side wasn’t going to change no matter what deficiencies we found on their end – the Chinese management made that very clear up front.
I am sure things have changed a bunch since then, or have they?