Leaving China

http://www.futureofcapitalism.com/2012/11/leaving-china

Mark Kitto writes in Prospect magazine about why he is leaving China after 16 years:

I must stress that this indictment has nothing to do with the trajectory of my own China career, which went from metal trading to building a multi-million dollar magazine publishing business that was seized by the government in 2004, followed by a retreat to this mountain hideaway of Moganshan where my Chinese wife and I have built a small business centred on a coffee shop and three guest houses...That our current business could suffer the same fate as my magazines if the local government decides not to renew our short-term leases (for which we have to beg every three years) does, however, contribute to my decision not to remain in China.

Property rights are important.

by Editor  |  Nov 27, 2012 at 11:09 am Related Topics:  China, Government ownership receive the latest by email: subscribe to the free futureofcapitalism.com mailing list