I also think it's amusing that a company like AIG, started in China but isn't a Chinese company. (off topic, but that was a question on CNBC's MBA challenge – that's how I found out.) Although from what I've read, AIG is really positioning themselves well in China to take advantage of the booming economy. I've been lately of the belief that more solid companies like these with China (or other BRIC) exposure is the way to play emerging markets.

FWIW. Thanks for the interesting blog entry, btw.

"AIG's history dates back to 1919 by when Cornelius Vander Starr set up an insurance agency in Shanghai, China. Starr was the first Westerner in Shanghai to sell insurance to the Chinese. When his business was successful there, he expanded to Asia, Latin America, Europe, and the Middle East."

I have nothing against companies in China. AIG is a perfect example for a successful company with root from China. I just think the revenue and earnings of some of the Chinese companies don't support the kind of valuations they have. In the 80s there was fear that Japanese companies would take over the world. Now all eyes are on China. Will they take over the world? I doubt it. Look at what happened in Japan.

just a curious factoid footnote for you.