posted on Aug, 2 2010 @ 12:43 PM
I live in Northern China, permanently since 2005. I sold my US real estate and Business and moved here at end of 2005, relocated from the nutty state
I had my business license in 2 days. The govt provided me with a Land grant ( zero cost for 600,000 square feet of land) and 5 Million Yuan ( about
700,000USD at the time) tax free to start building the factory. I received tax abatements the first 3 years ( zero tax on profit) and less than half
nominal tax the next 3 years, of which there are two years left. The govt provides me with reduced rates on Energy, which are low anyway, and
anything i need i have the cell phones for the secretary of the province along with leaders in various bureaus when i have a request.
If you buy your own groceries it costs about 25US dollars a week for a family of 4, if you eat out every lunch and dinner about 70US a week. Natural
gas for my house is 19.00 per month ( 2200 square feet, 10 inch thick solid cement, all housing in China is solid cement, aka wet construction), my
Cell phone is 3G Nokia 9500, i can watch BBC or CNN on it live, most calls are international and pay about 50.00 per month including unlimited
Internet / Driving directions / Email, etc.
I made more money the last 4 years in a "communist" country than the last 10 in California.
China knows how to do business. The USA has lost sight of its own backbone, which is small business, research and development, and a friendly
environment for individuals to realize their dreams. I left because the Economy was starting to exist in dreamland, people buying homes with no money,
mortgages written for 120% of value...I just didn't think it would implode as quickly as it did.
If the USA does not change its business environment, there will be many more moving here. My friends cannot believe what iv'e built in 4 years and
have begun discussions with Central Government officials to move their businesses here as well. The lifestyle here is very progressive, they love
Americans ( due to USA siding with China against Japan WW2 mainly).
There were problems and customs to learn and adjust, just like any new country. But the USA should be afraid, because China knows how to do Business.