StockGuru Blog: Genesis Technology – Investing In China Made Simple
GTEC: Investing in China Made Simple GTEC understands China. Government policies have funneled the vast majority of domestic capital to large state-owned enterprises, leaving small and mid-sized private enterprises perpetually starved for growth financing. Enter GTEC! Private companies account for nearly 60% of China’s GDP, but receive only 27% of business loans (Far Eastern Economic Review, May 2006) “China’s private companies have been systematically discriminated against by the capital market and the legal system. The state-owned banking system is notorious for molly-coddling the inefficient and debt-laden state-owned enterprises, while shying away from the vibrant private sector.” — Asia Times Despite…