Capital fright
Article Abstract:
China is blaming its inflation and other economic problems on the influx of capital from foreign investors, raising fears of further crackdowns on such investment. Already renminbi are hard to get and joint ventures must seek official permission to convert hard currency into renminbi. The flow of $40 to $50 billion into China in 1994 helped stabilize exchange rates at $1 to 8.4 renminbi, down from 8.7 renminbi in Jan 1994. The government is responding to a burgeoning money supply but not the underlying causes, say many observers.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1995
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More of the same: Japan's economic package fails to excite
Article Abstract:
The Japanese Ministry of Finance's Sep 20, 1995 announcement of its sixth effort to boost the economy through a spending program drew little enthusiasm outside the government. The 14.2 trillion yen program is the second-largest ever and has the most net new spending at 7.4 trillion yen, but most of that will go to areas already proven futile, such as construction and agriculture. Structural reforms would have been more welcome, though the coalition government is too weak for truly bold measures.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1995
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Solo effort
Article Abstract:
Kerry Securities has invested $28 million in Burma and is considering an issue that would double the Myanmar Fund listed in Ireland. Kerry's fund manager believes investment in Burma is safe and easy, a view not shared by other foreign investors. Parts of the fund are controlled by a Burmese family and by a Malaysian magnate. The Malaysian magnate has been successful in Rangoon, but the fund is only allowed to invest 50% of its money with the Malaysian.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1996
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