Hao Hao ReportThe best China news and blog posts

I hope nobody gets their underwear tied in a knot over this. I welcome any and all 'Ways to know someone is an American/Japanese/Russian or any other Asian country. Let me have it ...in good fun, mind you.

Here are 20 Ways to know someone is Chinese:

Choose the way you are most comfortable with to help people in Sichuan.

Part 2 of this series on Private Equity in China, posted on November 3, described how a newly-created Chinese private equity firm, majority-owned by a large state-owned bank, had raised funds from state-owned financial institutions and had then made its first investment in a state-owned company in Tianjin. I thought this was pretty interesting because it showed how fast the Chinese have caught on to the private equity game and how determined they now are to make it a purely Chinese affair—at least as far as state-owned companies and assets are concerned.

The Chinese government’s decision to allow the seemingly unrestricted flow of information out of Sichuan this week in the aftermath of the devastating earthquake has surprised many. However, the general assumption that the Chinese government ‘all of the sudden’ decided to pursue a policy of transparency and openess is incorrect. This decision was in fact made last year when the State...

The Shanghaiist posted that the Chinese Red Cross is taking donations and constantly updating the blog with developments. It is also getting thoroughly hammered right now, so I wanted to mirror this information for all readers. Red cross info plus the the last six hours’ worth from there.

What I had expected was that the Chinese government would fly off the handle, accuse the EU and America of being preposterous and out of line, and deny everything. Or put the blame on someone else. That has been the Chinese way of dealing with negative attention in almost all ways. I was wrong.

At the same time, the big private equity players are increasingly scouring the globe for investment opportunities, said Paul Schnell, a partner in the U.S. and international mergers and acquisitions group at the law firm Skadden, Arps, Slate, Meagher & Flom LLP.

Will Japan's role in the aftermath of the earthquake in China help to warm relations between the two countries? Some Chinese people are suggesting that the assistance from the Japanese may help to change people's opinion about this country that has been traditionally vilified in China.

Just as they are getting started, foreign private equity firms are finding significant barriers to entry in cracking the China market.