Wu makes a name for himself among China's bureaucrats

Article Abstract:

China's membership bid to the World Trade Organization (WTO) received another threat, after Information Industries Minister Wu Jichuan prohibited foreign investors from participating in the country's Internet sector. The announcement, which was opposed by political critics, is believed to weaken China's campaign for WTO membership and at the same time, undermine the foreign investment market. Touted as one of the shrewdest politicians in China, Wu is most noted for his Stalinistic view towards bureaucracy.

On-Line Information Services, Videotex & Teletext, Economic aspects, Internet, Internet service providers, Internet services, Membership, World Trade Organization, International relations

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Economic growth rate is off target

Article Abstract:

The central government of China may be compelled to accelerate its economic development reform program after it fell short of achieving the expected 8% growth rate. According to Vice Premier Li Lanqing, China's economy grew only by 7.2% during the first three months of 1998, due to the country's incremental employment problems. Conditions may further be aggravated by the continuing increase of interest rates and the recent export problems the country faces with its trading neighbors.

Analysis, Evaluation, Economic development, Gross national product

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Grand plans for spending appear vaguely familiar

Article Abstract:

China's officials are resorting to promises of ambitious spending programs amid the sluggish economy and rising unemployment to assuage concerns of Chinese and foreign economists. Nevertheless, officials' promises are at best a small improvement on current proposals, which require slightly more than $400 bil to be allocated for construction projects over the succeeding three years by year 2001.

Interpretation and construction, Government spending policy

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