I'm wondering if you could add a post-script to this piece and discuss Blackstone's retreat from its real estate acquisition in China. I suspect that you might say that Blackstone's action was deal-specific. And, you might also say that investment in China is unavoidable given the size of its market. But, what I am hoping you will say is that Chinese leaders live in fear of the peasant class and will protect that class (and the stability that currently exists) without regard to legalities and/or economic rights of Western or Chinese upper-class market participants. Therefore, investing in China presents risks that are somewhat different from those that exist in the West.

--

--

Founder of ThinkingLonger.com, Investing Strategist

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store