Banking On China? Think Again

Banking on China? Think Again - at www.moneyweek.com - the best of the international financial media

High up on the Tibetan plateau at 10,000 feet lies the City of Golmud, isolated even by the standards of that barren land. With no airport and at least 16 hours from the nearest sizeable town by the fastest possible transport, the Han Chinese immigrants (imported to colonise the once free country of Tibet) of this fair city take their pleasures where they can.

One is to leave as soon as possible, made difficult by China's strict internal passport controls. More practical suggestions include a stroll to the local potash plant, the City's principle industry, a visit to the Cai Erhan Salt Lake, or to a giant half-empty dam (it doesn't rain much) or the hopelessly inefficient methanol plant.

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