In late 1996, Newbridge invested $14 million in Xuzhou W Food and Beverage Ltd., the leading producer of soybean milk in China and maker of the popular brand "Wei Wei." Newbridge bought a 24% stake from Guangdong Enterprises, run by another old CITIC executive, Kwok said.
The third venture, made final in January, is a 50% stake in Guangshengyuan, a leading maker of milk candy and honey products. Their most popular product is "White Rabbit" milk candy.
Blum's Travels With Feinstein
Blum traveled with Feinstein to China in August 1995, and January and November 1996. Jiang Zemin personally invited Feinstein to make the first visit.
Feinstein's support of China in Congress has been so outspoken that she occasionally has drawn criticism. In a recent speech, she called for creation of a commission that would study the evolution of human rights in both the United States and China. The panel "would point out the success and failures [of] both Tiananmen Square and Kent State," she said, in a remark denounced by some human rights advocates. Hundreds of demonstrators were killed in the 1989 assault by the Chinese military. Four students were killed by Ohio National Guard gunfire in the 1970 antiwar demonstration.
