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International Investing / China Connection


Subject:  Re: Chinese Transparency Date:  6/15/2012  12:30 AM
Author:  DCWD40 Number:  3420 of 3436

The best investment I ever made in a Chinese company was one I purchased because a senior government official had a family member running this company. Thought the company had good products and protection from the government.

I have been burned twice by Chinese companies.

You don't need to own a Chinese company to be burned by one. Last year American Superconductor claims that its largest customer, Sinovel, had taken their technology without compensation or AMSC knowledge and installed it in Sinovel wind projects. The case is in Chinese court. Sinovel is the largest Chinese wind turbine manufacturer and #3 in the world. AMSC stock was $43.42 in January 2010. It has traded as low as $3.21 in the las