Fire when ready: problem is Beijing doesn't have the nerve

Article Abstract:

China has initiated a program to handle its loss-incurring state-owned firms and this requires city officials in 18 industrial centers to close one or two of least profitable public sector companies. State-owned companies were formed on principles of social improvement and social insurance and China's shift in economic philosophy has made these obsolete. The firms are draining state subsidies and creating problems with bank loans and triangular debts. Management decisions to close companies are difficult to implement because they involve laying off people and that is not an easy choice.

Management, Cover Story, Public sector

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After the banquet: Communists face problems after landslide victory

Article Abstract:

The Communists in Mongolia have won a resounding victory in the polls in the 1992. Represented by the Mongolian People's Revolutionary Party, the Communists victory was an indication of the frustration by citizens over the outcome of the change from a centralized to a market economy. The new rulers will have to face and solve the twin problems of a deteriorating debt position and the international trade imbalance which threatens to get out of hand.

Political activity, Elections, Mongolia, Mongolian People's Revolutionary Party

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Religious groundswell: underground churches lead Christian revival

Article Abstract:

Underground churches are in the forefront of Christian revival in China. Although officially sanctioned churches have also made significant gains in both membership and freedoms, underground churches are growing even faster. The unprecedented religious freedom has resulted in a dilemma for mainstream Christian denominations which risk being marginalized should they decide to cooperate with the government.

Religion, Religious aspects, Communism, Communism and religion

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