Foreign companies feel credit crunch just as China prepares to loosen policy

Article Abstract:

Foreign firms operating in China are starting to feel the impact of the Chinese government's tight credit policies. Chinese officials decided to clamp down on credit in 1993 in an effort to cool down the country's overheating economy. The effort succeeded in bringing down inflation but it also resulted in sluggish demand, production declines and increased debt. The Chinese government has announced plans to relax its credit policies.

Finance, Foreign corporations, Economic policy

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Xinhua News Agency struggles for autonomy in line with China's market-opening measures

Article Abstract:

China's Xinhua News Agency (Xinhua) is making an effort to produce more credible and unbiased reports amid growing competition from rival organizations. Xinhua is realizing, however, that this effort is often in conflict with its longstanding role as the Communist Party's official mouthpiece. Xinhua has become more professional over the past years but it is still often called upon to release carefully worded propaganda material.

News syndicates, News Syndicates & Wire Svcs, Management, News agencies, New China News Agency

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Castro's China visit can't mask the gap between 2 nations

Article Abstract:

The visit to China made by Cuban Pres. Fidel Castro does little to improve the gap between the two communist countries. China can do little for Cuba unless Castro opens his country's economy more. The three agreements signed with Cuba indicated that barter trade would be replaced by using cash. This puts Cuba to a disadvantage as Cuba due to its poor foreign exchange situation.

International aspects, Chinese foreign relations, Cuban foreign relations, Cuba, Barter

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