Li's experience in China shows having connections in China is not always beneficial

Article Abstract:

Hong Kong tycoon Li Ka-Shing has substantial political connections in China and he counts among his partners the children of China's top leaders. However, Li's real estate and power generation projects in China have suffered numerous delays and one of his closest business associates, Zhou Beifang, has been arrested for economic crimes. Some analysts believe that Li's connections will serve him little in the post-Deng Xiaoping era and they may even prove to be a liability for him. In addition, Li's present difficulties show that even well-connected businessmen still find it hard to operate in China's often-chaotic business environment.

Investments, Li Ka-shing

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China picks French firm to equip nuclear plant

Article Abstract:

The Chinese government announced that it has awarded France's Framatome Corp. a $1.32 billion equipment contract for the country's new nuclear power station in Daya Bay. Observers believe that the French firm won over rival bids because of the favorable financing terms offered by a syndicate of French-government-subsidized banks. The announcement comes as a major disappointment to the US nuclear power industry, which was hoping to gain a foothold in the Chinese market.

Engineering Services, ENGINEERING & MANAGEMENT SERVICES, Engineering for Nuclear Power Plants, Equipment and supplies, Contracts, Nuclear industry, Nuclear power plants, Plant engineering (Facilities), Framatome S.A.

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Tsang named colony financial chief as China's influence begins to grow

Article Abstract:

The Hong Kong government recently announced the appointment of Donald Tsang as the colony's new financial secretary. Observers are speculating as to what Tsang will be able to accomplish as the date for the island's return to Chinese control approaches. In addition, many believe Tsang will have little say in Hong Kong fiscal policy as the Chinese government slowly takes over the administration of the colony.

Officials and employees, Appointments, resignations and dismissals, Hong Kong, Tsang, Donald

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