Surge of imports is altering Chinese market dynamics

Article Abstract:

China is being flooded with cheap goods from East Asia, led by South Korea's steel and textiles. The recent developments are causing problems, not only among local manufacturers, but the entire plan of China to restructure its extensive, inept state-owned businesses. The widespread outpouring of South Korean products into China is causing Chinese manufacturers to focus on importing goods, instead of manufacturing them. The current volume of steel imports from South Korea rose 40% in the first four months of 1998 from the previous year. South Korea is focused on China because the latter is the most stable market in Asia, and due to the dramatic drop in the value of the won against China's yuan.

Comment:

S Korea: The country is flooding China w/ cheap goods, primarily steel & textiles due to the drop of value of won against yuan

China, South Korea, Imports, Trade Relations, Exports, International economic relations, Trade policy, Article

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Protectionism may be undermining rebound in the region

Article Abstract:

The increase in intraregional trade in Asia is a major contribution of Japanese manufacturers which have set up operations across the region. The economies of Southeast Asian countries, in particular, have benefitted greatly from the local operations of Japanese firms, but protectionist policies threaten to ruin the budding recovery of the region. The insistence of governments on using components sourced locally from the host countries is a form of protectionism meant to shore up weak domestic sales but which will have a negative effect on the whole of Asia.

Japan, Foreign trade, International economic relations, Asia, Southeast Asia, Trade Barriers, Manufacturing industry, Manufacturing industries, Economic aspects, International trade, Economic policy, Protectionism

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Banks, pressured at home, trim exposure in Hong Kong

Article Abstract:

Japanese banks are embarking on loan cutbacks to Hong Kong as Japan faces pressures to meet capital-adequacy rations in Japan and funding operations overseas. Japanese banks that have started cutting their total loan exposure to Hong Kong include Bank of Tokyo-Mitsubishi, Sanwa Bank, Fuji Bank and Industrial Bank of Japan. The reductions are particularly unnerving since they aggravate Hong Kong's credit crunch.

Foreign Loans-Banks, Banking industry, Management, Foreign loans, Bank loans

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