The big picture: Dutch giant awaits China electronics boom

Article Abstract:

Philips Gloeilampenfabrieken N.V. has entereda joint venture with the Chinese government in preparation for the anticipated surge in demand for consumer electronics by the populace. The venture, which entails the production of television picture tubes, will cost $180 million. Buyers of the tubes made in the plant are 38 of the over 50 firms in the country that manufacture television sets. Philips' other business concerns involve the production of such products as car radio, coffee makers and semiconductors. The firm forecasts an increase in product sales to Chinese consumers from Rmb 1 billion or $183 million in 1991 to Rmb 7.5 billion by 1996.

Household audio and video equipment, China, Foreign operations, Consumer electronics industry, Philips Gloeilampenfabrieken N.V.

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Heads will roll: central banker: 'the framework has delivered.'(New Zealand's Racy Economy: Rough Seas Ahead)(Cover Story)(Interview)

Article Abstract:

New Zealand central bank governor Donald Brash remains sanguine about the country's immediate economic prospects but finds some of the suggested changes disquieting. The expected 2.3% inflation rate is no great problem, as long as the 0-2% target holds in the long run, and probably results from a too-late or inadequate tightening late in 1994. A high ratio of country external debt to GDP and exports probably accounts for the lack of credit upgrades, but that ration results largely from accounting practices.

Cover Story, Economic policy, Interview, Central banks, New Zealand, Brash, Donald

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A rough fit

Article Abstract:

South Korean business firms are studying investment opportunities in the North in anticipation of a Korean economic integration. South Korean firms are also interested in the North's cheap labor supply. Cement manufacturers foresee huge profits as a result of future infrastructure development in the North. However, South Korean investment plans may still be affected by the numerous problems plaguing the North's industrial base such as primitive production methods.

South Korea, Planning, Corporations, North Korea, Corporations, South Korean, Korea, North

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