Infatuation's end
Article Abstract:
Foreign direct investment in China will drop in 1999 for the first time in 20 years and China has become a less attractive market, partly due to problems of bureaucracy and having to work with local partners. There have been problems for firms seeking to make a profit in China, and this could worsen as China faces economic problems and a crisis in its banking system. Some companies have performed well, such as Hoechst, which has a successful project producing cellulose for filters for cigarettes.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1999
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Money in, money out
Article Abstract:
China is seeing a recovery in exports, but there is concern about large capital outflows. Some of this is a result of trade credit for buyers from elsewhere in Asia. Official data are difficult to interpret, and the extent to which capital outflow is a problem is difficult to assess. Trade credits could be repaid, and smuggling could be better controlled, but there is also a risk of default, and that China's foreign reserves could be undermined, affecting the currency.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1999
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Living with Big Brother
Article Abstract:
China has long repressed its citizens through fear and the use of power, which has hurt the country's economy and society. Farmers are breaking free from the state's influence and policies in an unorganized manner, while private businesses still rely on local governments for support.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1997
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