Abstracts » Business, international

Work delayed

Article Abstract:

It is becoming clear that the Asian financial crisis is having a negative impact on investment plans outside Asia itself. Foreign projects in Dalian, China, for example, have become subject to delays and cancellations, and there has also been a significant withdrawal of Thai investment from Yunnan, China. Dalian's Bureau of Foreign Economic Relations and Trade believes that South Korea and Japan will have to continue to invest there because they are so close. However, many construction companies are leaving, and occupancy levels of new office blocks are low.

Economic aspects, Dalian, China

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Fun while it lasted: will China make things harder for foreign ventures?

Article Abstract:

Higher tariffs and the elimination of many incentives may drive away foreign ventures that had planned significant investments in China. Many of the regulatory changes remain unclear, but a 20%-35% import duty on capital equipment and an end to exemptions from a 17% value-added tax may be among the upcoming changes, adding 40% to the cost of machinery that high-tech, capital-intensive companies must import. Many businesses are reassessing their plans, and total foreign investment for the year will slip 10% to $30 billion.

Foreign Investment Regulations, Economic policy, Foreign investment laws

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The workers' state

Article Abstract:

Workers in Harbin, China, face the decline of large state enterprises without alternative sources of work. Harbin's state enterprises are large and have large debts. They could operate with a cut in workers of 20% and production would not be affected, but the unemployment fund would not cover those who lost their jobs. Workers are being retrained but there are no jobs for them to go to. Pensioners have also been affected and workers losing their jobs also lose medical coverage.

Other General Government Support, Jobs & Employment, National Government Enterprises, Employment, Government business enterprises, Public enterprises

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