Is China ready to give up its illusions...
Article Abstract:
Efforts by the Chinese government to reform the financial services sector have created adverse effects on its economy, triggering a sharp decline in consumer prices. Instead of improving the efficiency of state-owned enterprises, government officials have solely focused on reducing financial losses. Such an approach did not only create deflationary pressures, but also undermine the growth of companies. Price control policies have even made conditions in China worse, compelling manufacturers to market their products below the production cost.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1999
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Thai finance minister makes big impression at meetings
Article Abstract:
Thai Finance Minister Tarrin Nimmanahaeminda drew the interest and ardor of international investors attending the annual meetings of the World Bank and International Monetary Fund. In his meaningful speech, Tarrin vowed to implement comprehensive reforms necessary in restoring the growth of the financial community. Although the skilled leader presented a number of convincing programs to regain investor confidence, Tarrin highlighted the difficulties to be encountered in improving the country's economic status.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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Creditors wary of proposal: negotiations snag on foreign-debt plan
Article Abstract:
Indonesia's financial reform proposals have failed to impress its creditors and observers and the rift between Indonesia and its creditors have resisted efforts of being narrowed. University of Melbourne Law Center associate director Veronica Taylor criticizes the Jakarta Initiative as 'quick fixes being grafted into an institution that is dysfunctional.' Richard Gitlin of Hebb and Gitlin meanwhile interprets the initiative as merely suggesting procedures for negotiations between creditors and banks.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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