Chinese firm alters course

Article Abstract:

Hua Du International Corp of Shenyang, China, has decided to market Chinese ceremonial lanterns from its offices in Los Angeles, CA. The company, which entered the US market in a bid to sell aluminum block and titanium sheets to the aerospace industry, has decided to pursue the new direction as an alternative to closing its solitary US branch. Hua Du, a victim of the heavy scrutiny by the US government of Chinese firms connected with the aerospace defense industry, has began a Chinese Traditional Lantern Art Show in Pomona, CA, on Jul 2, 1999.

Lighting Equip NEC, Other Lighting Equipment Manufacturing, Management, Marketing, Los Angeles, California, Lighting, Lanterns, Hua Du International Corp.

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Opening the financial sector benefits China...

Article Abstract:

China's unwillingness to open up its financial markets to the world is a major stumbling block in its attempt to join the World Trade Organization. Chinese officials should reconsider their stand because their country stands to gain economically from such a move. The fact that China has remained unscathed by the Asian economic crisis because of its closed financial sector makes it seem that a closed door policy is needed. However, this is a wrong view because such a policy cause inefficiencies and large amounts of bad debts to flourish.

Administration of General Economic Programs, Intnl & Trade Administration, Economic aspects, Membership, Financial markets, World Trade Organization

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