Private companies will be banned from sugar deals

Article Abstract:

The Chinese government announced that private companies will not longer be allowed to conduct transaction wholesale sugar deals starting Apr. 1, 1995. The ban was stimulated by an Internal Trade Ministry investigation which concluded that profiteering among private companies led to the unrealistic prices of sugar in the retail market. Foreign companies expressed little concern over the new ban since majority of the sugar transactions are still being undertaken by local companies. However, they fear that the ban will further boost inflation in the Chinese market.

Sugar and Confectionery Products, Sugar & Confectionery Products, Sugar and Confectionery Product Manufacturing, Groceries and related products, not elsewhere classified, Grocery Products NEC Whsle, Other Grocery and Related Products Wholesalers, Laws, regulations and rules, Sugar industry, Sweeteners, Food distributors

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China alters some policies to slow pace of reform

Article Abstract:

The Chinese government has announced plans to slow down its economic reform programs as the country tries to assert control over credit and money supply. China's cautionary stance is not actually a new development since it has been using macroeconomic controls to arrest its overheating economy since 1993. However, observers have expressed concern over the Chinese government's apparent reversion to central-planning methods.

Management, Economic development

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Beijing unveils bold reforms for economy, government

Article Abstract:

The Chinese government announced a new package of economic reforms at the annual meeting of the National People's Congress. The economic reform package includes a $32.6 billion recapitalization of state banks. In addition to economic reforms, the Chinese government plans to reduce the number of government bureaucrats and Communist Party officials by as much as 50%.

Human resource management, Deregulation, Communist Party (China)

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