Part 2 of Inside the Red Dragon Interview Series Published on Absolute Wealth

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Managing Editor James R. Gorrie has published the second part of his interview series with Jeremy Hurewitz on China’s complex rise to the top of global economics.

Absolute Wealth and the Independent Wealth Alliance

In Part 2 of the interview, Hurewitz responds to Gorrie’s question on the assumed culture of corruption in Chinese businesses, thanks to the over-controlling efforts of the government.

Absolute Wealth’s Managing Editor James R. Gorrie interviewed Jeremy Hurewitz, a financial expert on Chinese economic matters, and released the second part of their discussion on AbsoluteWealth.com.

Hurewitz is Head of Business Intelligence for Nardello & Co., an investigative firm based in New York and specializing in international businesses. As a former journalist in Eastern Europe and the Far East, Hurewitz uses his unique perspective to provide litigation support and reputational due diligence for clients from around the globe.

The first part of the interview involved Hurewitz speaking towards the growth rate of China’s society, and questioning reports of those rates because of unreliable numbers.

In Part 2 of the interview, Hurewitz responds to Gorrie’s question on the assumed culture of corruption in Chinese businesses, thanks to the over-controlling efforts of the government.

“There is a pressure to perform there, and if you don’t you’re out,” Hurewitz said, referring to the strict performance quotas in Chinese business practices. “A couple things that I see in my work are both a crisis of morality and a lack of legal consequences and protection in doing business in China.”

Hurewitz’s personal experience has given him a front and center view of Chinese business practices, and he has determined certain factors that lead to difficulties and complexities.

For instance, Hurewitz said in the interview that “The lack of consequences for illegal business practices is something that creates a big problem for Western businesses operating there. Yet, you have to be in China if you want to be a global company. So it's a real conundrum and it's difficult to navigate.”

The continuing series will appear on AbsoluteWealth.com each Friday. Look for Part 3 of the interview on August 24, 2012.

Jeremy Hurewitz is the Head of Business Intelligence for Nardello and Co., an international investigative firm. Nardello and Co. is involved with litigation support and reputational due diligence while providing clients with outside-the-box thinking. Hurewitz’s background as a journalist is in Eastern Europe and the Far East, specializing in Chinese affairs.

James R. Gorrie attained doctoral candidacy in international relations and comparative politics, with an area specialty in international political economy and writes daily articles on current macroeconomic and investment topics for Absolute Wealth. He also writes special reports, interviews with thought leaders, and provides analyses on geopolitical events around the world that affect the market. James is currently writing a book on the crises China faces, which will be published by John Wiley & Sons in the spring of 2013.

Absolute Wealth is an expert team of real investors and advisors devoted to identifying winning strategies for exceptional returns. Members subscribe to the company’s Independent Wealth Alliance for professional investment analysis and recommendations on the latest market trends and progressions. For more information and subscription instructions, visit AbsoluteWealth.com.

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