How long will it last? Trade crippled around the region

Article Abstract:

Trade between the United States and Asia was crippled by the closing of United States airports and stock markets following the terrorist attacks on the World Trade Center and Pentagon. Traders are now concerned that the attacks may shake US consumer confidence. Japan and Hong Kong were especially hard hit by the disruption of air freight traffic to and from the United States.

Japan, Net Exports of Goods & Services, Asia, Intnl & Territorial Air Service, Air Transportation, Scheduled, And Air Courier Services, International relations, World Trade Center and Pentagon Attacks, 2001

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Cathay Pacific pilots feel deflation's turbulence; Hong Kong-U.S. dollar peg is a two-edged sword for the city's businesses

Article Abstract:

Cathay Pacific Airways' wage reduction move is the latest in a string of aggressive cost-cutting measures undertaken by Hong Kong companies as the rate of deflation worsens, predicted to average at about minus 4.2% in 1999. Unemployment is also expected to increase, with securities firms, banks and real estate companies among those that have reduced staff. The trend toward higher unemployment is seen to continue as many companies either remain in the red or post low profits. In fact, the Hong Kong economy is forecast to contract in 1999, even as it is predicted to grow in the year 2000.

Financial management, Scheduled Airlines, Management, Cathay Pacific Airways Ltd., Deflation (Finance), Deflation (Economics)

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China learns quality control

Article Abstract:

China's opening of its doors to foreign investments in the 1970s is serving it in good stead as foreign firms have served as agents of economic reform. Specifically, the multinational companies have introduced modern technology as well as modern management techniques. Because of these benefits, aside from the primary one of providing local residents the needed jobs, foreign firms and their joint ventures account for one-fifth of China's economy. In addition, quality control has significantly improved due to the institution of classroom training to Chinese employees.

Quality Control Management, China, Foreign corporations, Corporate governance, Training, Quality control

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