Tianjin beckons to big business: port city aims to attract multinational firms

Article Abstract:

The port city of Tianjin, China is being developed by the Chinese government as the next magnet of foreign investment. The Tianjin Economic and Technology Development Area office reports that the region has attracted 11,552 companies from 1979 to 1997 with committed and promised investments amounting to $26 bil. Much of Tianjin's attraction to corporate investments and relocations include its generous tax breaks and facilitated approval for business licenses. But the region is not isolated from the Asian currency crisis, with Japanese investment in Tianjin decreasing by 60% since the crisis and South Korean investments increasing only by 5.2%.

Administration of Urban Planning and Community and Rural Development, Economic Development NEC, Economic policy, Enterprise zones, Tianjin, China

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Fitch launches venture

Article Abstract:

Fitch IBCA and China Chengxin International Rating Co. have begun a joint venture to conduct independent credit analysis of companies and financial institutions in China. China Chengxin is one of China's two government authorized credit-rating agencies. The joint venture will have a capitalization of approximately $2 million. The joint venture is seen as a major move in the liberalization of financial markets in China.

Comment:

Fitch begins joint venture with co to conduct independent credit analysis of cos and financial institutions in China

Joint ventures, Investment Advisory Services, Investment Advice, Investment advisers, Article, Fitch IBCA, China Chengxin International Rating Co.

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Shenzen has Hong Kong mindful of the competition: upstart Chinese border town is quickly narrowing the gap on its more-established rival

Article Abstract:

Shenzhen, China, enjoying rapid economic growth, is quickly becoming a rival to bordering Hong Kong. Shenzen enjoyed a 15% gain in gross domestic product in 1998, compared to Hong Kong's 5.1% decline. Shenzen has outpaced the former colony in high-tech manufacturing, and its port is gaining business at Hong Kong's expense.

Hong Kong, Statistical Data Included, Economic aspects, Shenzhen, China

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