China will complete state-sector reform by year's end: changes are likely to be weak; large companies will be controlled by a few key agencies

Article Abstract:

China's program of transferring control of state-owned business enterprises from the government is scheduled to be completed by the end of 1998. In theory, this will put an end to decades of Communist Party micromanagement of the country's industrial giants. However, the public sector reform may not be as radical as it could be. Instead of being privatized or given complete independence, the state-owned companies will be managed by the Ministry of Finance, the State Economic and Trade Commission, the Central Working Committee of Large-Scale Enterprises, and the People's Bank of China.

Government business enterprises, Public enterprises, Public sector

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China targets overcapacity; investment cuts planned in production, upgrades

Article Abstract:

The Chinese State Economic and Trade Commission vice minister Zhang Zhigang reported that China is implementing production cutbacks that are designed to help reduce inventory, the increasing number of laid-off employees and an economic efficiency downturn. The Chinese government has released a list of 114 products that manufacturers are not allowed to produce such as machineries used in metallurgy, textiles, coal mining, petrochemicals and power supply. The production cutbacks reflect China's balancing act between stimulating the economy and avoiding overcapacity.

China, Government regulation (cont), Production management, Laws, regulations and rules, Factories, Industrial productivity

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Brainpower is being lured back to China: economy's surge tempts more academics to return from aborad

Article Abstract:

Chinese students who have to cope with the difficulties of landing jobs in Western countries are being lured back into the Mainland by the country's booming economy. An estimated 90,000 students have returned since 1992 to look for jobs locally. A shortage of professors due to the Cultural Revolution of 1966-1976 has promoted the Chinese government to give special incentives to students such as grants to entice them to return.

Economic aspects, Employment, Chinese students, Brain drain

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