I am now hoping that KuangChi Ltd will be able and permitted to purchase the remaining 48% of MJP. It is a sad fact that Chinese entrepreneurs are far better in value adding, than most Australian & NZ companies. BHP & RIO are able to dig huge holes, extract ore and other minerals, but manufacturing from these resources almost always happens overseas. Look at our car industry and how it could only survive with heavy subsidising from tax payers like us. Let KuangChi Ltd. produce and promote these jetpacks. The black box flight recorder, the electric drill & inflatable aircraft escape slides were all invented in Australia, but it did not take long before mass production & marketing was shifted overseas. Let's stick to iron ore & infant formula and leave the rest to others ......
I am now hoping that KuangChi Ltd will be able and permitted to...
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