California agency offers entree to China market

Article Abstract:

US companies can venture into the large Chinese market through a program launched by the Export Small Business Development Center (Export SBDC) and Megastore Ltd. Export SBDC is an export promotion agency based in Southern California. The two have established the China Bridge program, which aims to introduce and promote US-made products in China. The program aims to focus on five sectors, namely, child-related goods such as toys and baby-care products, cosmetics and personal care items, food, snacks and wine, kitchen equipment and 'California lifestyle' products. The program also includes advice on problems that may be faced by US companies while doing business in the Asian country.

China, Services, International trade, Corporations, Foreign trade promotion, Export Small Business Development Center, Megastore Ltd.

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Unipec fires countershot at Lehman

Article Abstract:

China International United Petroleum and Chemicals Co. (Unipec) has filed a counterclaim against Lehman Brothers Holdings Inc. (Lehman) for allegedly engaging in derivatives trades with people unauthorized by Chinese law to do so. The counterclaim was made in response to a suit Lehman filed against Unipec and two other Chinese firms for their failure to repay loans totaling $100 million. Lehman officials derided the Unipec counterclaim, saying that the Chinese firm was merely trying to avoid its obligation.

Offices of Bank Holding Companies, Bank holding companies, Cases, Holding companies, Lehman Brothers Holdings Inc., China International United Petroleum and Chemicals Co.

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Analysts hail Li & Fung's acquisition

Article Abstract:

Investors should seriously consider purchasing Li & Fung Ltd. stocks in the light of the company's planned purchase of Inchcape Buying Services, a subsidiary of Inchcape PLC. Analysts believe the acquisition is a good decision, as it will increase almost twofold the company's annual sales to reach HK$12 billion. It will also expand its workforce to 2,200. The acquisition's impact on Li & Fung's bottom line is expected to be felt by 1996.

Mergers, acquisitions and divestments, Li and Fung Ltd., Inchcape Buying Services

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