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Becoming A China Specialist :: Data Sheet
#25

Becoming A China Specialist :: Data Sheet

Quote: (12-05-2013 10:22 PM)BadWolf Wrote:  

Yeah the Chinese are rich man, they are the new ruling class. Chinese don't pride themselves on their house or car, its all about the $$$ in the bank... so yeah, he's probably not lying to you. Just know that HE can do this in China but YOU can't and most likely his family is doing something illegal to get past customs. They would find a way to swindle you for every last dime. I know a kid who came over here thinking this was the land of milk and honey. He started up a venture with a good Chinese friend. The kid put all his hours and money straight into the business and even got a second job to pay for it. He lived like a pig, in a 1 room dirt ball apartment to help get his dream off the ground. The Chinese guy lived in a lavish 5 bedroom house with his family and made a deal with the kid. The deal went as follows:

You put all your money into it and build the business this year, reinvest any money you make back into the business and I will be your partner and deal with all the bureaucracy involved.

We warned the kid but he wouldn't listen and called us jaded old men. Well when the business started making six figures, the Chinese business partner fired the kid and found a much cheaper replacement. The Chinese guy was the only LEGAL party so the kid had 0 recourse. The kid had poured everything into the business and at the end was left with nothing. I hear this same story every year. Unless you are tied to China through blood, forget trying to make money here. I've heard of just a few people who do it and I have absolutely no idea how, the only conclusion I can make from their characters is that they are scum bags themselves.

BTW Chinese who escape China are all rich... there isn't a single POOR Chinese who manages to pass the border. You have to have at least a very expensive house, car and around 100,000 in the bank to be granted a TOURIST visa, if you are a Chinese person. So any Chinese you see walking around the 1st world are ELITE. More than likely, your Chinese friend comes from money so whether his business tale is true or not, doesn't matter.

This is only the case right now, right?

I mean, there are plenty of Chinese engineers who have been working in the U.S. for a good 20 years or so. Like the parents of most Asian American kids...
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