November 1, 1998 |
To look around Shanghai, you wouldn't think that China is struggling to stave off an economic crisis. Cranes hover over sites for new skyscrapers and apartment blocks, though hundreds recently built are half-empty. Bulldozers sweep away old houses and even new buildings to make way for elevated highways. Steamrollers will soon press runways for the city's second international airport. The city is building with a fervor that implies boundless wealth. Thanks to a $1.
June 7, 1998 |
To begin to grasp the full import and direction of the changes occurring in China today, visit the Beijing Yanhua Petrochemical Co. at a sprawling complex about an hour's drive from China's capital city. Yanhua, a subsidiary of a government-owned chemical enterprise, was created last year to expand output of ethylene, a basic material for plastics, and of butadiene styrene rubber, a material for tires.
November 24, 1997 |
China's booming economy faces a $34.5-billion bill in the coming years to clean up an environmental mess caused by lax enforcement of pollution laws, outdated technology and massive under-funding, a new report said. The report, "The China Environmental Market: A Technology Transfer Approach," said China's rapid economic growth had brought with it serious and costly pollution problems.
November 6, 1996 |
Long Beach-based mall developer Harry Newman believes that the future growth of retailing in China will mirror the kind of development that happened in Orange County in decades past. Newman, who owns Mall of Orange and has been building shopping centers in Southern California for three decades, believes that the American concept of big, regional centers will catch on in China. China is inviting developers from the U.S.
November 29, 1994 |
In times past, Asian business people could judge the outlook for their own companies by watching the economy of the United States, their biggest export market. More recently, they watched Japan. Now, a third locomotive of growth has burst forth on the Asian scene. "China has become an engine, and the principal one for the Pacific region," Lawrence Krause, a professor at the University of California, San Diego, wrote in the annual prospectus of the Pacific Economic Cooperation Council.
July 28, 1994 |
Bechtel Inc., Chinese Firm in Joint Venture: The San Francisco-based construction and engineering group has set up a joint venture with China International Trust & Investment Corp. to manage construction of a $3- to $6-billion port planned for eastern China. The equally owned venture, Xinde Joint Development Co., will serve as a marketing and operations organization for development of Daxie Island, south of Shanghai, the companies said in a statement.