[brianobush]

Why would you need to visit China to have an opinion that could be arrived at by looking at financials - a common practice in measuring success. Just look at a portfolio of large Chinese companies - they are doing well, thus I would also hypothesize that they are well-run companies.

[garply]

The numerical data to which you have access is not necessarily accurate. Corruption, bribery, fabricated numerical data are par for the course here.

He was talking about China as a country and as an economy. If you come and visit, it is immediately obvious that there are problems.

[pyrhho]

Just because there are problems does not necessarily mean that (as a whole) it is being run poorly.

[mturmon]

Chinese firms are riding a huge wave of growth driven by wage differentials. In this macro context, it's easy to make a lot of money with poor management.