Major Chinese firms are modeling themselves on Japanese conglomerates in their expansion

Article Abstract:

Largest Chinese trading companies such as China National Chemicals Import and Export Corp. are adopting the Japanese 'sogoshosha' concept and transforming themselves into large, diversified multinational companies. Chinese corporate officials noted that following the 'sogoshosha' will allow them tap new markets and increase profits. However, many analysts stressed the 'sogoshosha' concept may not be applicable to the large Chinese companies since most of them only hold dominant market positions in selected provinces and are still unable to compete with smaller local and foreign firms.

Management, Planning, Diversification in industry, Industrial diversification, Corporations, Chinese

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U.S. companies sign slew of energy deals in China

Article Abstract:

Several US firms recently signed several energy-related agreements with Chinese companies as Energy Sec. Hazel O'Leary visited the country. However, many of these firms do not know if the deals will actually push through in view of China's restrictive regulations on foreign energy-project contracts. The immense energy needs of China make it an extremely attractive target for the US energy industry but many are discouraged by the 12% rate of return limit imposed by the Chinese government on such projects.

PETROLEUM AND COAL PRODUCTS, Energy, Utilities, Contracts, Energy industries, Power resources, Energy industry

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Politics hold sway over China plane deals, executives say

Article Abstract:

Aerospace industry executives attending a recent international symposium in Beijing, China, agreed that politics plays a major role in the Chinese aviation sector. Chinese officials confirmed this observation, saying that technical and commercial considerations often have to give way to government edict. US executives expressed similar sentiments, citing strained US-China ties as the primary reason for China's decision to cancel orders from US aerospace firms.

Aircraft & Parts, Aerospace Product and Parts Manufacturing, Political aspects, Aerospace industry

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