And there are plenty of other obstacles in the way of both local and foreign entrepreneurs.
Increasing investment by both local and foreign investors is also supporting solid growth.
In response, regulators have cut trading costs, are reforming new listing rules and are encouraging long-term institutional investors such as pension funds, both local and foreign, to enter the market.
WSJ: China May Give Foreign Pension Funds New Investment Opportunities
This will eventually be the site of Science City, a high-tech park covering nearly 20 square miles, where the Hefei government is offering massive financial incentives to high-tech companies, both local and foreign.
Renong, with interests ranging from construction and property to financial services, is billions of dollars in debt and admits it is unable to service both local and foreign loans with some 50 banks.
In Freetown, the smashed-up capital of Sierra Leone, where hotels charge New York prices for rooms and meals, another moneyed elite (both local and foreign) inflates the price of everything from toothpaste to bananas.
Within a generation, the domestic economy is expected to be more important to investors, both local and foreign, than the old China manufacturing story was in the 1980s, 1990s, and the early half of the 2000s.
Full coffers give governments little incentive to privatise, deregulate or make public accounts transparent, all long-standing demands of both foreign and local investors.
Both foreign traders and local producers have in recent months observed a spectacular rise in the popularity of wine in China, at least in the country's more prosperous and cosmopolitan cities and coastal regions.
However, even a reformed Indonesia remains a hard place to do business, both for local entrepreneurs and, especially, for foreign investors.
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