Hong Kong property firms may not run high risks in China's inflated market
Article Abstract:
Many Hong Kong-based real property firms that have invested in mainland China are expected not only to survive but do well when the highly inflated prices of land in China tumble to realistic levels. Firms such as Cheung Kong and Henderson Land have been lucky and astute enough to choose good locations and are currently highly liquid. The other Hong Kong firms are experienced in market cycles and, thus, are prepared for any eventuality.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1996
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'Unique formula' renders the yuan an isle of stability in turbulent sea
Article Abstract:
The Chinese yuan has defied conventional wisdom over the past few months, continually strengthening against the US dollar despite the country's 24% inflation rate. Some quarters state that the yuan's value will eventually go down as the impact of economic factors become increasingly felt. However, others contend that the continued inflow of foreign investments will maintain the strength of the Chinese currency system.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1995
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Capitalism and Christianity fuel each other in Wenzhou under communists' watchful eye
Article Abstract:
The city of Wenzhou, China, is experiencing a religious revival as several churches are being built to service the spiritual needs of about 700,000 Christians in the area. Much of the funds needed to build the churches come from local businesses. The growth of Christianity in Wenzhou resulted from the Chinese government's lifting of some religious restrictions and promotion of capitalism.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1995
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