Chinese stocks' surge to kick off 1996 masks fundamental woes, analysts say
Article Abstract:
The stock prices of many publicly-listed Chinese companies rose significantly at the beginning of 1996. Many investors viewed the resurgence of Chinese stocks as a sign that the country's economic problems are being resolved. However, many investment analysts warned against such a perception, stressing that the growth of Chinese companies continue to be hampered by the government's anti-inflationary economic policies.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1996
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Investors in shares may get hit by an expected wave of write-offs
Article Abstract:
Analysts believe that many Chinese companies will soon announce write-offs of profits they have already reported. Government policies have helped to decrease profit margins and stall sales in many Chinese companies, thus prompting a substantial number to pad their balance sheets with receivables that have remained outstanding since 1993. This is expected to further bring down the value of Chinese shares.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1996
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Going is tough for early high-fliers after rapid growth
Article Abstract:
Many Chinese conglomerate corporations are realizing that privilege and political clout can no longer ensure their continued success. Consequently, these corporations are beginning to transform their management structures to allow more dynamic and market-oriented managers to enter top management levels. Moreover, they are reconsidering most of their investments to ensure optimal use of capital.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1995
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