The books shown above was strongly recommended to me to my pals on the finance chat groups. However, I initially wanted to restrain myself from reading Desmond Shum’s Red Roulette before presenting my materials on China investing because I was sure that it would bias my thoughts negatively against China.

My suspicion turns out to be right because if I had read this book before I invested in some counters in the Hang Seng Chinese Enterprises index, I would definitely deploy my capital elsewhere.

This is a wonderful guide for investors who really want to know how the underbelly of Chinese corruption works. It is also a careful illustration of how guanxi really works.  Although the author had an axe to grind against China, he was fully prepared to name names and I’m pretty sure that China will take revenge on him one day. Of the parts that are valuable to