A Bush In Hand Is Worth...A Lot

Business Week ^

[Stew Padasso]

The executives at Grace Semiconductor Manufacturing Corp. know a thing or two about guanxi, the web of connections that fuel so much of business in China. The Shanghai-based company was co-founded by Jiang Mianheng, the son of former Chinese President Jiang Zemin. The other co-founder is Taiwan-born Winston Wong, whose father Y.C. Wang runs petrochemical maker Formosa Plastics and is probably the island's most powerful businessman. That's not to say the two don't have pretty solid credentials: Wong founded Nanya Technology Corp. in Taiwan, while Jiang has a PhD in physics from Drexel University in Philadelphia and is vice-president of the Chinese Academy of Science. But as they set out to raise the billions of dollars needed to start a semiconductor company, their true-blue bloodlines didn't hurt.

[CO_dreamer]

The President's brother using his influence to help a commie company import high-tech tools they need to help compete with us militarily. Positively Clintonian.

[Cicero]

Actually the headline is a lie. Neil Bush is worth nothing to the Chinese. Contrary to their assumptions, he has no connections and will get them nowhere. Granted, they have been worth a lot to him.

Chinese put a lot of weight on relationships, and the Chinese Communist party is said to be as nepotistic as ever. Things don't work like that with Neil Bush. And Business Week knows it.

[ChewedGum]

Things may work like that with Neil, but not with his brothers. So let them blow their money on him. (He will just waste it anyways.)

Gum