CA,

okay I know what I am doing 90 percent of times anyway.


1) The game changer for China (which has puzzled most western perspectives) is its initial condition and size.

Initial condition: 20th century is not a normal China. 17th century China was more "normal".

size: the population.

The leverage for Chinese small towns is the millions of Chinese
villiages.

Remember that Chinese development is a top down process.
It is still in the take off stage (developing small towns).
Currently 40-50% of population has been urbanized. By the time
the Chinese villages look more like the villages in Korea, we
will see Chinese growth rate declining to the 4-5 percent,
in about 20 years.

The biggest investor in Chinese small towns is Chinese government. Of course, many people in big cities are now tired
of traffic and hussles, and wants a more peaceful lifestyle are
investing in small towns, not least for their retirement home.

2). Chinese brands.
This is again an interesting subject. I am not concerned about
popular belief about crapy Chinese brands. Chinese are especially adept at making a profit from any products, with a
long history behind it.
Historically, people Korea, Japan, vietnam etc know where to
go to find the best quality products. It is all about the market.