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Investment Banking China

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BUSINESS
March 7, 1999 | RONE TEMPEST, TIMES STAFF WRITER
For Don Dempsey, president of China development for burger titan McDonald's, the recent bankruptcy of the giant Guangdong International Trust & Investment Corp. poses little threat to the firm's rapid expansion in China, where it currently has 220 outlets. McDonald's had a joint venture partnership with the Guangdong investment trust, or Gitic, to operate 37 restaurants in the prosperous southern province bordering Hong Kong.
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BUSINESS
March 7, 1999 | RONE TEMPEST, TIMES STAFF WRITER
For Don Dempsey, president of China development for burger titan McDonald's, the recent bankruptcy of the giant Guangdong International Trust & Investment Corp. poses little threat to the firm's rapid expansion in China, where it currently has 220 outlets. McDonald's had a joint venture partnership with the Guangdong investment trust, or Gitic, to operate 37 restaurants in the prosperous southern province bordering Hong Kong.
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BUSINESS
January 8, 2006 | Don Lee, Times Staff Writer
American homeowners wondering what follows a housing bubble can look to China's largest city. Once one of the hottest markets in the world, sales of homes have virtually halted in some areas of Shanghai, prompting developers to slash prices and real estate brokerages to shutter thousands of offices. For the first time, homeowners here are learning what it means to have an upside-down mortgage -- when the value of a home falls below the amount of debt on the property.
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