Asia is turning to the market for new sources of funds

Article Abstract:

Drastic changes are expected of the Asian capital markets, especially as banks and other traditional sources of capital tighten their policies to protect their asset base. Companies in dire need of capital are expected to turn to the fickle bond market or venture capitalist to fund their expansion or operations needs, which will require them to be more careful in their investments. Gone are the days in Asia where capital can be secured on government guarantees, as many governments are opening up their markets to attract financiers.

Commercial Banks, Commercial Banking, Business Financing, Capital market, Capital markets, Commercial loans

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Playing the culture card: Tung Chee Hwa defends Chinese values

Article Abstract:

Tung Chee Hwa, a shipping tycoon, defended a plan to abolish key civil liberties in Hong Kong when the territory reverts back to China on July 1, 1997. Tung contends that Chinese values do not require Western concepts of freedom. He aligned himself with the Beijing government when criticisms arose over China's pronouncements that Hong Kong will not be given an autonomous status. The tycoon also noted the continued degradation of family values in western societies.

Other Justice, Public Order, and Safety Activities, Civil Rights, Social aspects, Beliefs, opinions and attitudes, Social values, Hong Kong-China reunification question, Tung Chee Hwa

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Asia benefiting from growth of China's economy

Article Abstract:

The rapid growth of China's economy has propelled growth in other Asian markets. The country has become a major force in investment and trade in the region, leading many Asians to believe that it may soon edge out long-standing economic powers such as India. Its increasing importance as a trader, manufacturer and investor is traced to its low-cost labor which attracts a number of foreign companies as well as its large consumer base of 1.2 billion people.

Analysis, Economic development

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