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Easy opportunities aren't. By easy: click a switch and send money somewhere. But financing is huge. A lot of people and businesses don't have sufficient acc
by zhte415 11y ago
Easy opportunities aren't. By easy: click a switch and send money somewhere.
But financing is huge. A lot of people and businesses don't have sufficient access to a functioning banking system or capital markets. Invest in small businesses / people you know. You're in Beijing - move out to the places that aspire to be more like a developed city, and just rinse and repeat.
- seanmcdirmid 11y agoI have a job in Beijing and frankly like it; I'm not an investor or a business guy, I'm just a programmer/researcher/geek who is living the life he wants to. If I was in the states, I would just throw my money in safe investments and buy a house; here all of that is impossible (well, you can do things with the banks, but kind of dodgy). My best bet is just to transfer money back home and play the American stock and real estate markets like my Chinese friends are already doing :p Business and investment in China is absolutely crazy: your partners are more likely to screw you over than not, and in order to win you have to be constantly on your toes. When public construction SOEs are rebranding as internet companies, you can bet the smaller hole in the walls are doing the same! Every third-tier city wants to be like Beijing. For example, my wife's hometown in Hunan (Chenzhou) has big aspirations but very little to offer. It is just heart break waiting to happen. Apartments being built everywhere shoddily without central heating...who wants to live in those?