Ties that bind: Hongkong firms seek closer China links
Article Abstract:
Hopewell Holdings Ltd and the Wharf Group have both proposed projects which will create transportation links between Hong Kong and the Yangtze River in China to prevent the colony from being just another port once it reverts to Chinese control in 1997. Hopewell Holdings, under the direction of Gordon Wu, has already constructed roads and power plants in Guangdong and plans to spend $2.5 billion for the extension of the Hong Kong-Canton road. On the other hand, the Wharf Group intends to construct a containerized rail line to Wuhan in central China. These projects are aimed at making Hong Kong play an integral part in China's economic development.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
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Opening doors: Southern China eyes booming domestic markets
Article Abstract:
Deng Xiaoping's economic policy has influenced the liberalization of business enterprises in Guangdong, China. Whereas communist policy of self-sufficiency restricted economic advancement in China, Deng's reforms, which started in 1978, opened the way for international and domestic trade competition. Exports increased by 17% annually from 1981 to 1991 and local businesses expanded to other provinces in China. There are problems, however, that a newly reforming economy is likely to encounter. These include the existence of the packaging syndicate in Shanghai and the problem of establishing distribution channels.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
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Under licence: Deng blesses Guangdong's economic reforms
Article Abstract:
Deng Xiaoping's statements in Jan 1992 raising Guangdong as a model of free enterprise and the criticism levelled by Deng's allies against Chinese PM Li Peng's conservative economic policies during the National People's Congress later in April have emboldened initiatives to accelerate economic development in the region. Provincial officials revised forecasts of industrial output growth by 50% to 15% a year. Proposals to allow the entry of foreign banks and to establish a stock exchange were blocked by Peking's central government, but they serve as signs of freer thinking on economic issues.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
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