Detention stirs concern: many ask why Asia Electronic's Du is still held

Article Abstract:

Foreign investors with investments in China-based TV component manufacturing firm Asia Electronics Holding Co. are confused as to the sudden detention of the company's chairman and CEO Du Qingsong without charges being filed against him. Asia Electronics is a high-growth company manufacturing deflection yokes for colored TVs and many analysts credit Du as the key to the profitability of the company. Officials of US-based Value Investing Partners Inc. are specifically worried over the detention of Du, having footed Asia Electronics' $42 mil initial public offering in the US. The detention has sent Asia Electronic's stocks on the New York NASDAQ exchange to plummet by 27% to $2.5625 as of the July 17, 1998 trading and to trade at $1.6875 as of July 31, 1998.

Household audio and video equipment, Consumer Electronics, Audio and Video Equipment Manufacturing, Foreign Investment Regulations, China, Officials and employees, Foreign investments, Political activity, Consumer electronics industry, Economic policy, Foreign investment laws, Du Qingsong, Asia Electronics Holding Company Inc.

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Allocating the burden: U.S., Japan roughly split Asia's problem-solving

Article Abstract:

The US and Japan have roughly split Asian problem solving duties with Japan putting in $42 billion and the US throwing in $8 billion. The US and Japan have signalled their intention of accepting their roles as the US welcomed Japan's $124 billion stimulus package along with $42 billion for Asian economic assistance. The US has also tentatively accepted the role of being a market of last resort for Asian exports.

Foreign Economic & Financial Assistance, Analysis, Management, Economic assistance, Foreign economic assistance, International economic relations, International finance

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