Oil men on silk road: Western China opened for foreign prospectors

Article Abstract:

China has announced plans to allow foreign oil companies to conduct exploration activities along the Tarim Basin. The basin is considered China's most significant oil reservoir and has earned the distinction of being the 'largest, least-explored inland sedimentary basin' in the world. The China National Petroleum Corp shall begin to accept foreign bids by Mar 1993. Specific details on contract terms, however, have yet to be released. In addition, China has failed to mention if it is willing to grant full development rights to interested foreign oil companies.

Economic aspects, Petroleum industry, Discovery and exploration, Silk Road, Tarim Basin

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Taiwan's PC gamble: computer firms cosy up to China

Article Abstract:

Taiwanese computerfirms are determined to clinch a niche in mainland China as a safeguard to the poor performance of the industry in Taiwan. It is speculated that the 100 notebook computer makers in the island will be pared down to only 10 by the middle part of 1993. Moreover, 20% of its personal computer producers are predicted to close down in 1992. China's lures for Taiwan are its cheap skilledlabor, low production expenses and the big potential of the domestic consumer market.

Electronic computers, Taiwan, China, Industry Overview, Computer industry, Foreign operations, Economic policy

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