Elmer Yuen, an entrepreneur who has lived over 40 years in Hong Kong and China, says that about 50 families control China and how these oligarchs are willing to embrace the market economy and private ownership. Stealing intellectual property (many consumer companies such as Sanyo were digested) is but one example. A must-watch if you want to know the truth about Hong Kong. If you want to know how China pulled itself out of bankruptcy in the seventies, this is the video to watch. Why the US is not acting against the Hong Kong Dollar is also explained.
Elmer Yuen, a citizen of HK-SAR on how 50 oligarchs control China & now most of the world
What is happening in Hong Kong? Why is China trying to kill the goose that lays golden eggs (HKD) by stifling democracy? Why is the US not dumping the HKD to pressure China? Elmer Yuen has the answers in this compelling conversation with Sree Iyer
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