The Kowtow Still Works In China. Just Ask Jardine
Punish the foreign devils. That's the best way to describe China's recent policy toward Jardine Matheson Holdings Ltd., the venerable British trading house. Jardine had drawn Beijing's ire for a number of perceived sins, including support of Governor Chris Patten's democratic reforms. History weighed heavily, too. The Chinese never forgot that Jardine profited from the 19th century opium trade that led to war and humiliation for China.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.