Swiss-Swedish ABB is among Europe's leaders in looking to Asia for continued revenue growth

Article Abstract:

ABB Asea Brown Boveri Ltd. has positioned itself as one of the premiere European power and mass transportation construction companies in Asia. The company has completed or negotiated for several lucrative contracts in Malaysia estimated to be worth $1.5 billion. However, ABB's expansion in Asia has pitted it against several fierce competitors, which has resulted in significantly lower construction bids for each contract. Nonetheless, the company remains committed to its presence in Asia.

Construction, Management, Construction industry, Conglomerate corporations, Asia, ABB Asea Brown Boveri Ltd.

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China, trading partners irked by slow WTO talks

Article Abstract:

Chinese negotiators are frustrated by the lack of development on China's bid to become a member of the World Trade Organization (WTO). China remains at odds with its trading partners over the conditions necessary for the former's entry in WTO. China and a working group of WTO members are slated to meet as early as Oct. 1996, to negotiate an agreement acceptable to all parties. Chinese delegates are also scheduled to talk with their US counterparts to discuss market-opening concessions.

China, International trade, Membership, World Trade Organization

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