December 6, 1986 |
Alaska announced Friday that it plans to sell more than 1.3 million barrels of oil to a Taiwan firm, representing the first domestic overseas crude oil shipment since the Arab oil embargo. Chinese Petroleum Corp. was selected over six other firms--two each from Japan, South Korea and the United States--for a one-year agreement to buy 3,600 barrels per day of oil owned by the state, Alaska Division of Oil and Gas Director James Eason announced.
September 6, 2001 |
China and Taiwan took another symbolic step toward better relations Wednesday when the island's state-owned China Airlines signed a deal to buy a stake in the cargo arm of Shanghai-based China Eastern Airlines. The agreement marks the first time a Taiwanese airline has agreed to invest in a mainland carrier. No direct flights exist across the Taiwan Strait between the mainland and the island, which China considers a renegade province.
September 4, 2001 |
The 90-mile-wide Taiwan Strait has long been a potential danger zone, a lingering divide of the Cold War era that separates Communist China from democratic Taiwan. Now the narrow body of water is taking on an added dimension, one that could answer one of the most intriguing political questions of today's globalized world: Can trade reduce the potential for war?
September 22, 1996 |
A Barbie doll is for sale at the Anaheim Toys "R" Us store in a bright cardboard-and-cellophane box labeled "Made in China." The price is $9.99. But how much will China make from the sale of the pert fashion doll marketed around the world by Mattel Inc. of El Segundo? About 35 cents, according to executives in the Asian and American toy industry--mostly in wages paid to 11,000 young peasant women working in two factories across the border from Hong Kong in China's Guangdong province.
February 18, 1991 |
Chinese from Taiwan are finding themselves among the most courted potential foreign investors anywhere. "Every other week, we see newspaper advertisements by foreign governments organizing investment-promotion seminars (in Taiwan) to explain the advantages of investing in their countries," said K. H. Wu, deputy chairman of the China Trade Development Council. The attractiveness of Taiwan's investors is not hard to explain.
May 14, 1990 |
Twice a month, She-Ying Chin Wang climbs aboard a jet in Taiwan bound for Los Angeles. Upon arrival, the wife of one of Taiwan's wealthiest and most influential business tycoons heads for Monterey Park to visit the headquarters of Omni Bank. She's no mere depositor. Mrs. Wang owns the bank with her husband, You-Theng Wang, chairman of the giant Rebar Group conglomerate in Taiwan, and their son.