Shanghai opens its doors

Article Abstract:

Shanghai governmental officials have eliminated restrictions on local property by allowing foreigners to purchase property in a class called "domestic sales homes." The reason behind their action is to spur the market of domestic property and simplify transactions involving property. On a broader scope, the decision reflects an effort by government to lessen the export-oriented growth the country has depended on for two decades.

Government regulation, National Government, Public Administration, Laws, regulations and rules, Property acquisition, Shanghai, China

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APP's China plans crumble

Article Abstract:

Asia Pulp and Paper Co. (APP) is realizing now that the investments it made in China starting in 1994 are not going to pay off. This is evident at its Gold East Paper Co. flagship paper plant near Shanghai, which has seen inventories grow to $1.8 billion. APP may be forced to sell their Chinese ventures in order to pay off the $12 billion in debt it accumulated as a result of its expansion.

Strategy & planning, Foreign operations, Singapore, PAPER AND ALLIED PRODUCTS, Paper & Allied Products, Paper Manufacturing, Capital funds & cash flow, Management, Paper industry, Asia Pulp and Paper Company Ltd.

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China emphasizes Yuan's fundamentals; trade surplus, foreign-currency reserves expected to ensure stability

Article Abstract:

Chinese central-bank gov Dai Xianglong and State Administration of Foreign Exchange head Li Fuxiang have given reassurances of China's committment to maintaining the stability of the exchange rate in 1999. Government officials have promised not to devaluate the yuan in 1998 although they have not made the same promise for 1999. This has elicited concern among financial markets in China over the likely effects that the devaluation of the yuan could have on Asia's economic recovery.

Administration of General Economic Programs, Financial analysis, Currency Stabilization Programs, Economic aspects, Prices and rates, Economic policy, Beliefs, opinions and attitudes, Currency devaluation, Devaluation (Currency), Currency stabilization, Yuan (China), Dai Xianglong, Li Fuxiang

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