No soft landing
Article Abstract:
The Chinese economy is in difficulties because it has been mismanaged for many years, exporters are facing more competition and millions of workers may lose their jobs as a result of the economic reforms. Inflation fell to 6.1% in 1996, however, economic growth is slowing down, increasing by just 9% from Jan to Sep 1997, against expected growth of 10.4%. Economists predict that it may fall to 8.2% in 1998. The state sector is performing badly, with 47% reporting losses during 1997 and over-expansion during the boom years of 1992-1995 has left many companies in financial difficulties.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1997
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What rebound?
Article Abstract:
Economists disagree on the economic forecast for China, but they agree that the Chinese economy is not recovering from recession, despite government efforts to gradually reflate the economy by easing some credit. Some economists believe that the economy will gradually recover, others can see no tendency towards an upturn, and some believe the economy has yet to reach the greatest depths of recession. Retail prices rose by only 1.8% in a year on year comparison for the first six months of 1997, imports rose by only 1.9%, and there is little industrial investment.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1997
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Their own women; Shanghai's designers learn to beat the odds
Article Abstract:
A growing number of women fashion designers in Shanghai, China are launching their own companies and brand names. The competition is fierce and designers must cope with insufficient funding, fabrics of low quality and consumer preferences for overseas brands. Designer Chen Hong was one of the first designers to benefit when Chinese authorities allowed designers to produce their own brands and established a joint venture in 1993 with a Japanese company. Today Chen reports domestic sales of $1.2 million annually for her sweaters.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1996
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