Guys please read this man carefully. Ten times if you really want to understand china.
Mr.Zhang you must be born before 1978 right? You are too matured to be younger...

Quote from: zhangweiwu on October 23, 2013, 03:36:53 AM

Quote from: BitThink on October 23, 2013, 03:10:31 AM

(discussion of zeng's case and fate of btchina)

You surly studied a lot on the facts, so much so that you may even been to China or studies China, but your thinking is western. You are thinking on the line that one event leads to another, with a set of rule, not on the line that how leaders will consider the issue. In fact you talk as if the leaders ain't present in the picture.

The essence is: It's people making decision on people's fate. You are thinking whether someone did something wrong. IMHO this is a typical western idea. Please keep talking like that, that helps China be more aware of your way of thinking which would helps us in the end. But things happens in China is thus colored in your view. Wise investors avoids this coloring. You can analyses things with this coloring, but how do you predict things with this coloring?

Let's look at Mr Zeng's case again and see the decision making process. Is he prosecuted because he is not innocent? I took it trivial and I didn't study if he is innocent; there are other frauds going on unpunished. This morning on my way to breakfast my breakfast shop is there no longer, 50 police man lines up blocking the way as the building being torn down. (It is true and it is exactly 2 hours ago, location is east to Xi'ErQi subway station, I was too cowardy to take a picture.) They call it removal of illegal building, but there is another one just next to it untouched. Everybody are illegal, who decided which one to survive? Is it by rule or by the thinking of someone powerful? 吸储 (accept saving from public) is a serious crime (for its potential of public rally), and I am a customer of exactly one of such 'illegal' business which just got an award from local government. Will this company no longer be tomorrow? Will the wheel of fate turn and their leader be in jail soon? Perhaps, that's why they offer 15% yearly return (some do 30% or more). If they collapse I will accept my lose, it is not because it is illegal, but that it is chosen for sacrifice.

In my post I never metiond Zeng is innocent. He sacrified in a power struggle; his innocence or lack of it is irrelevent. Truth is, somebody want somebody dead and he managed it. Perhaps the victim displeased a some powerful leader, or he needs to be out of a bigger picture. Whoever did it has the authority (not lawful authority) to sell the asset of the company and frame him, and even if the central government knows this leader crossed the line by causing public rally (not by being ruthless), the central government cannot punish the leader on the spot, fearing it be taken as a success of defense by the people. The wise memebers in the centrol government may even carefullly remove the leader who sacrified Mr Zeng a few years later after the event, but not on the spot, least that authoritive image be maintained.

Look at the recent scrutiny against Starbuck. Is Starbuck being really too expensive? No, the government is looking for a sign of obiedience, like the obeidience they obtained from BMW, apple and western milk vendors. Just sit and watch the event unfold, Starbuck will folllow the order and lower the price. Obey, you have chance to earn back the money later. If you talk about facts, whether or not Starbuck is too expensive or guilty, you are seeing the woods not the forest.

I am from desert area of China. In school days I used to defend myself with a pen kinfe. I fought my way to Beijing and survived, although my citizenship remains provincial I consider myself lucky. My friend briefly jailed for trying to report the event of Q-i-a-n-Y-u-n-h-u-i. Married raising a kid without own house, I actuallly learned my English from reading Shakespeare and Tennyson. I never had a chance to go to an English speaking country, twice I was denied of visa for flight risk, such is how western system of law and personal freedom entrusts me. Why do I mention this? Our world is different. The opulence the west enjoys, we work hard to gain equal footing. From grass root I know survival and I know it is not easy here. Now China talks loudly about justice-by-law, while to us it is just a fasionable new trend, and other trends has flown before, what doesn't change is that you obey whoever can hurt you without being punished - this rule works everywhere. Admittedly China has gone a long way and now that you are likely to stay out of trouble trying to be law-abiding (unlikely really law-abiding, because they outlawed too many), but you are not so sure, especially in the mine-field of public stability issue like 吸储 (accept saving from public). Our Econimist Mao Yushi 茅于轼 is a public figure. He operates microfinancing for rural development 10 years and in an interview he said that he still dare not 吸储 (accept saving from public) which is the key step for his dream of self-sustaining rural development, and who are you to think you are to enjoy a better fate than a well respected audacious figure like him, whom if prosecuted would backfire PR disaster to China government? If, BTCChina is hacked and stolen beyond what they can cover on their own, and crowds gather together to protest for the lose of their family saving, that converts the event from a tax and license problem to a stability problem, they can't be confident about their petty life. If, for another scenario they are caught in the picture of fight-againt-corruption and someone want a number of money laundry to sacrifice, they can't be confident about their petty life. In both senarios I don't even involve government's attitude towards non-fiat currency. And I am speaking of cmmon sense, BTCChina knows it, it just take some courage to speak it frankly.