A Chinese Moment
Clients know that I have been a fan of China for some time now, and was investing there before it became front page news in most publications. Some attribute the phenomenal growth to macro factors like currency controls, the welcoming of capitalism, low production costs, high saving rates, and many others. But as with most aspects of success in life it always comes down to people.
I had a chance to observe this at a recent investment conference sponsored by the Global Chinese Financial Forum (GCFF). This is an organization that was formed to help educate Chinese people in other countries on the basics of investing and to make them aware of current investment opportunities. These events are held all over the world. Observing the participants was fascinating, as a wide spectrum of ages and personal financial situations were represented. One of the driving forces behind the boom is their insatiable hunger for knowledge. Once in motion, a train like this will not be easily derailed.
We are constantly bragging about the strengths of Canadian multiculturalism, but I can’t remember attending any French, Greek, or Italian forums of this nature or magnitude. After the conference had officially ended a group of young women were still peppering one of the speakers with some very astute investment questions. I realized right then and there that I was truly having a ‘Chinese moment’.
[newsletter]
