Rethinking China

Article Abstract:

Caterpillar Inc. is reconsidering its business interests in China after a joint venture with Shanghai Diesel Engine Company Ltd. resulted in losses of $3.6 million in 1996. Caterpillar had anticipated large sales to local customers but this did not happen. Other foreign investors have had similar experiences in China because Chinese partners have proved to be difficult, hapless or without the necessary finances to be effective. Some firms are buying controlling stakes in Chinese firms while others are cutting back or leaving altogether. Different business attitudes have also caused problems.

Engineering Services, Multinational Corporations, Joint-Venture Management, Engineering firms, Caterpillar Inc., CAT, Shanghai Diesel Engine Company Ltd.

---

Under new management

Article Abstract:

Tsingtao Brewery, the third-largest brewer in China, has seen considerable financial difficulties recently as its market share has declined and there has been growing criticism of its managers. This has prompted the Chinese government to install a new management team at the company, headed by general manager Peng Zuoyi. He will focus on expanding the company's market share, and as part of this the company has set up its own distribution concern to sell directly rather than through agents.

Brewing industry, Breweries, Tsingtao Brewery Company Ltd.

---

Model Partner

Article Abstract:

Thailand's conglomerate Charoen Pokphand (CP) has teamed up with American property developer Koll to construct a nine-storey shopping mall in Pudong. CP's extensive knowledge of Asian culture and business compliments Koll's expertise in construction, retail and property management. CP's ability to drive business opportunities is renowned. The project, costing 300 million American dollars, will be complete in 1999.

Construction industry, Charoen Pokphand Group, Koll Construction

Similar abstracts:

• Abstracts: Stairway to heaven. Model partners. Obstacle course
• Abstracts: The Dutch gardening market. The Scandinavian gardening market. Gardening in Belgium
• Abstracts: Upbeat China. Dividing up the new riches: China. China: a funny-looking tiger: what can the Asian tigers tell us about the future of China?
• Abstracts: UnAmerican activities. Help wanted. Ursula and her unAmerican ways
• Abstracts: Buying binge. Rising by degrees. The banker

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.