Why not just buy equipment locally? Or ship the stuff through Hong Kong? In my very limited experience, almost all of the VC I've witnessed in China has involv

Why not just buy equipment locally? Or ship the stuff through Hong Kong? In my very limited experience, almost all of the VC I've witnessed in China has involved imitative trend-chasing by small players hoping to cash out by getting foreign investment. Or government corruption (multi-million dollar investments in multi-thousand dollar projects). Wholly-foreign entities in China have the freedom to perform well. The problem otherwise isn't the lack of entrepreneurs or even necessarily innovation: http://www.danwei.org/media_regulation/supply_to_end_for_print_on_dem.php http://www.danwei.org/media_regulation/supply_to_end_for_pri...