economy - Perry Wu goes after Henry Blodget

Former Merill Lynch's Blodget

I'm glad I'm no longer the only one going after the infamous former securities analyst Henry Blodget. In China Tech News Perry Wu also has a go at Henry. (Thanks for the referral, China Net Investor!)
I do not agree with all of Perry's arguments:

First, most foreign companies in China fail. That begs the question: why do
they still keep on coming?

The sad truth is that companies everywhere in the world mostly fail, including the Chinese companies in China. Succeeding is just not that simple, and China's stiff growth figures does not change that. Perry closes:

I could write many books to answer your questions, and I have posed some of my
own. Libraries are filled with some good, and some poor, writings on what it
takes to do business in China. But just as Oscar Wilde described marriage as the
"triumph of imagination over intelligence," I think many foreigners in China
have fallen in love with a fantasyland.