“Quite a few of these Chinese companies were actually scams.:
I’m inclined to agree with you. Eighteen of the 30 Asian private equity firms that have gone under in the first two quarters of 2012 are yuan-based and supported by the Chinese government.
The ChiComms are going to pay a price for selling me bolts and screws that are not properly annealed. You have no idea how frustrated I get when the bloody head of a ChiComm bolt snaps off while I’m torqueing it.
My frustration, though, is a blessing for the US Navy. When the navy wants to track ChiComm warships, it only needs to follow the popped rivets floating on the water. That saves money on expensive radar.
Remember the big hoopla about the ChiComm aircraft carrier? My sources tell me that 25 of of the 30 Wong Wei squadron pilots who tried to land on the deck hit below the waterline. The other five hit various parts of the ship, including the flagpole in the center of the deck, and that set the carrier on fire.
I think my sources are correct because nobody has seen the carrier for six months. It’s probably being repaired in the Gobi desert so it doesn’t sink again. The odds are 50-50 that it gets blown away by a sandstorm and ends up under the control of the Mahayana Buddhist sect in Lhasa, Tibet.
In the last two years, Chinese companies bought up failing small cap listed companies here. It is a technique to avoid the costs of doing an IPO. Then they would rename the company to "China something", figuring every American wanted to get on the ground floor of a Chinese company. The stocks would gyrate around, and eventually crash, because the companies were basically worthless phantom companies, like a lot of the dot com companies. So they are mostly gone now, and traders are the wiser. People lost a lot of money on them.
Maybe there is legitimate concern by legitimate Chinese companies, but I think it is more just the end of this scam.