No more free lunch

Article Abstract:

Economic reform in China has meant that workers can no longer expect to be supported from birth to death by the state. Many loss-making companies are being closed down or merged so that China is able to compete in the global market place. This will result in approximately 30 million people becoming unemployed. A welfare system will be needed to support these people but this is unlikely to be operational for at least 10 years and there is concern that their resentment could turn to violence. The long term aim is for employers and workers to share the cost of providing a welfare system.

Health, Educatn & Welfare Programs, Administration of Human Resource Programs, Management, Social policy, Economic development, Welfare, Public assistance

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It's all in your head; politics rarely drives China's business decisions

Article Abstract:

Business observers maintain that politics rarely drive Chinese business decisions, contrary to widespread public belief. One US lawyer explains that China makes business decisions on commercial issues but sometimes clouds them in political rhetoric. China's recent decision to purchase Airbus airliners was seen by many as a move to punish the US which supplies 70% of China's commercial aircraft market through Boeing. This can be seen as a business decision by China seeking to diversify its dependence on a single supplier.

Political aspects, International trade

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Bottom's up

Article Abstract:

The growth rate of China's gross domestic product is expected to increase to 10.4% for the first six months of 1996 compared to a annualized low figure of 9.3% for the first nine months of 1995. An easing of monetary policy by China's central bank has contributed to the improved growth rate. In May 1996 the People's Bank of China reduced loan interest rates by an average 0.75 percentage point. One analyst in Hong Kong observed that the rate cut signals the end of an austerity drive by China's government policy makers.

Central banks, People's Bank of China, ANC

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