When required to opine about China, folks like Meyrick – who are real experts in currency and foreign exchange – reflexively fall back on their knowledge of China as presented by Fox News because maintaining their specific expertise takes up all their time. That's why so many good people repeating bad people's slanders.
Take, for example, "if you have a dispute in dollars, usually you can appeal to some court, which you generally think is going to give you a fair hearing. I do not think that is the case in renminbi”.
China has been the world's top destination for FDI for years and the trend is accelerating. Germany alone is pouring in tens of billions.
Professional investors know that they will get a much quicker, fairer hearing in Chinese courts than elsewhere. So do ordinary Chinese. They trust their justice system far more than we trust ours, while acknowledging that their courts usually favor foreign plaintiffs.
To underline their contention, there is not a single case in any IP jurisdiction on earth in which China was found (or even charged) with a significant theft. Apple brought the biggest IP suit in its history against Qualcom–in a Beijing IP court. Guangdong IP court hears more cases each year than all US IP courts combined.
When required to opine about China, folks like Meyrick – who are real experts in currency and foreign exchange – reflexively fall back on their knowledge of China as presented by Fox News because maintaining their specific expertise takes up all their time. That's why so many good people repeating bad people's slanders.
Take, for example, "if you have a dispute in dollars, usually you can appeal to some court, which you generally think is going to give you a fair hearing. I do not think that is the case in renminbi”.
China has been the world's top destination for FDI for years and the trend is accelerating. Germany alone is pouring in tens of billions.
Professional investors know that they will get a much quicker, fairer hearing in Chinese courts than elsewhere. So do ordinary Chinese. They trust their justice system far more than we trust ours, while acknowledging that their courts usually favor foreign plaintiffs.
To underline their contention, there is not a single case in any IP jurisdiction on earth in which China was found (or even charged) with a significant theft. Apple brought the biggest IP suit in its history against Qualcom–in a Beijing IP court. Guangdong IP court hears more cases each year than all US IP courts combined.
You get the picture.