Sparks flying

Article Abstract:

General Electric Co. (GE) began a joint venture with Shanghai Jiabao Group in 1994 and the project resulted in losses of 40 million renminbi for Shanghai Jiabao in 1996 because of disputes over how to manage the venture, the quality of parts and pricing strategies. Shanghai Jiabao resented the amount spent on cars and travel by GE. Shanghai Jiabao offered to take over the venture and make a guaranteed profit of 20 million renminbi. This was rejectd by GE and Shanghai Jiabao sold most of its share back to GE. GE maintains that the venture will return a profit in 1998.

Electric Lighting and Wiring Equipment, Electric Lighting & Wiring Equip, Electric Lighting Equipment Manufacturing, Joint-Venture Management, Joint ventures, Machinery industry, Management, Electric equipment, General Electric Co., GE, Shanghai Jiabao Group

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Creating choices

Article Abstract:

Supermarket chains have been expanding rapidly in Shanghai with the encouragement of the city government. By the end of 1996, there should be 800 outlets. Customers like the cleanliness, size, and wide variety. The number of shoppers markedly increased between 1994 and 1995, and shoppers bought more per customer. Competition has been keen, leading chains to cut prices, however the low prices means greater pressure for expansion. Finding good locations and keeping shelves stocked are also problems.

Supermarkets and Other Grocery (except Convenience) Stores, Grocery stores, Supermarkets

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The great job hunt: Help for China's jobless is patchy at best

Article Abstract:

Unemployment is a major economic problem in China, and despite welfare reforms, there are problems with providing the money for those most in need. Even robust sectors may not be growing fast enough to absorb all the jobless people. There is labour unrest and this has been combined with suspicions about corrupt managers siphoning off company funds. The key to solving China's unemployment problems is to find new jobs for workers no longer required by state enterprises.

Unemployment

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