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United States Foreign Investments China

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BUSINESS
February 20, 1990 | From Associated Press
A Chinese company that was ordered by President Bush to sell a Seattle aircraft parts company protested the decision Monday, saying it would jeopardize Sino-U.S. relationships in the aviation industry. The state-owned China National Aero-Technology Import and Export Corp. (or CATIC) said the divestiture order "will undoubtedly cause negative impact on future cooperation between the aviation industries of the two countries." Citing national security considerations, Bush ordered CATIC on Feb.
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NEWS
November 6, 2001 | EVELYN IRITANI, TIMES STAFF WRITER
Neither the collapse of the technology bubble, the slowing economy nor even a terrorist attack can dull Li Yuanhao's enthusiasm for investing in the United States. Li is one of several investors from China who see an opportunity to buy U.S. technology and management expertise at a discount.
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BUSINESS
February 16, 1997 | KEITH B. RICHBURG, WASHINGTON POST
It's a Monday afternoon, just a few shopping days before last week's advent of the Year of the Ox, and the aisles of the Wal-Mart "supercenter" are jam-packed with bargain hunters pushing carts loaded high with food, kitchen appliances and clothing. This could be the pre-holiday shopping rush at any Wal-Mart store anywhere in Middle America. But the customers here are China's nouveau riches from one of the wealthiest of the Middle Kingdom's southern cities.
BUSINESS
September 30, 2001 | EVELYN IRITANI, TIMES STAFF WRITER
Zhang Jiazhen, director of Shanghai People's Printing Factory No. 8, already had laid off 400 people, one-third of his payroll, and spent $20 million upgrading his 68-year-old factory, the city's third-largest. Despite the actions, unusual in China, Zhang found himself facing a manager's dilemma of too little cash and expertise to prepare for China's entry into the World Trade Organization. So he turned to a Western company, Avery Dennison Corp.
BUSINESS
March 19, 1992 | CHRIS WOODYARD, TIMES STAFF WRITER
Americans have been happily gulping chow mein and egg rolls for years. Earlier this week, citizens of the Chinese capital of Beijing got their first taste of that quintessential staple of the American diet: the fast-food hamburger. Carl's Jr. has brought its distinctive Happy Star to Beijing, beating archrival McDonald's to the Chinese capital by at least a month.
BUSINESS
June 18, 1990 | GEORGE WHITE, TIMES STAFF WRITER
Avon Products, the New York-based cosmetics firm plagued by poor earnings and takeover threats the past two years, is venturing where few American companies have gone recently: China. Avon has formed a joint venture with the Guangzhou Cosmetics Factory in the southern city of Canton to manufacture and sell cosmetics. Avon executives already have begun to select equipment for the plant and to develop training materials for sales representatives and supervisors.
BUSINESS
February 26, 1998 | Dow Jones
SRS Labs Inc. said Wednesday it has agreed to acquire Hong Kong-based Valence Technology Inc. for $19.5 million in cash and stock. SRS Chairman and Chief Executive Thomas Yuen said the acquisition will give his company a substantial revenue base in China's market for video CD machines, which are popular as sing-along machines.
BUSINESS
July 7, 2000 | Bloomberg News
Ford Motor Co. has won approval from the Chinese government to proceed with plans for an $80-million car plant, its first in China. Ford is to form a joint venture with Chongqing Changan Automobile Group to build the vehicles, said a senior Changan official. The official, who asked not to be named, said production could begin in two years. The joint venture would be split 50-50 between Changan and Ford, the Changan official said.
BUSINESS
February 3, 2000 | Dow Jones
PharmaPrint Inc. said Wednesday it has agreed with a Chinese company to form a joint business entity that will sell herbal-based health products in China and the Asia Pacific region using PharmaPrint's process. The Irvine herbal supplement maker said in a press release that it owns 51% of the new entity, principally by contributing exclusive rights to its technology. The rest is owned by ShenZhen ZeGu Venture Capital Co., a unit of China New Industries Investment Co.
BUSINESS
June 5, 1995 | Times Staff and Wire Reports
Intel to Build Chip Factory in Shanghai: The microprocessor factory will be the third plant in Asia for the world's largest maker of computer chips. The Santa Clara, Calif.-based company was granted land-use rights by the city but did not say how much the plant would cost. Construction is to begin in the fourth quarter of this year and will take two years, Intel Corp. said. The factory, which will employ about 900 people, will assemble and test semiconductors.
BUSINESS
July 7, 2000 | Bloomberg News
Ford Motor Co. has won approval from the Chinese government to proceed with plans for an $80-million car plant, its first in China. Ford is to form a joint venture with Chongqing Changan Automobile Group to build the vehicles, said a senior Changan official. The official, who asked not to be named, said production could begin in two years. The joint venture would be split 50-50 between Changan and Ford, the Changan official said.
BUSINESS
February 3, 2000 | Dow Jones
PharmaPrint Inc. said Wednesday it has agreed with a Chinese company to form a joint business entity that will sell herbal-based health products in China and the Asia Pacific region using PharmaPrint's process. The Irvine herbal supplement maker said in a press release that it owns 51% of the new entity, principally by contributing exclusive rights to its technology. The rest is owned by ShenZhen ZeGu Venture Capital Co., a unit of China New Industries Investment Co.
NEWS
October 18, 1999 | EVELYN IRITANI, TIMES STAFF WRITER
Check the employee rolls of Silicon Valley companies and you will find countless graduates of Tsinghua University, a sort of Cal Tech-Harvard equivalent. They are among the best and brightest of China who have streamed to the U.S. by the thousands in search of the engineering breakthrough, the Internet play or the technology start-up that translates into millionaire in any language.
NEWS
October 17, 1999 | EVELYN IRITANI, TIMES STAFF WRITER
A century and a half after their forebears came looking for California gold, China's poor are still coming to America hidden in dilapidated cargo ships. But they are far outnumbered by a new breed of mainland Chinese pioneer: investor, entrepreneur, student.
NEWS
June 7, 1999 | EVELYN IRITANI, TIMES STAFF WRITER
Supporters of the U.S. strategy of engagement with China--a policy under siege after an espionage scandal, trade discord and NATO's inadvertent bombing of the Chinese Embassy in Yugoslavia--could make a poster child out of Eastman Kodak. Since 1993, the U.S. photo giant has enjoyed remarkable success here.
BUSINESS
October 7, 1998 | ANTHONY KUHN, SPECIAL TO THE TIMES
With the opening of Universal Studios Experience Beijing last month, residents of the Chinese capital got their first taste of a Hollywood entertainment complex. But visitors relishing the prospect of theme parks and thrill rides may find themselves hungry for more satisfying fare. Universal's toehold in China is essentially just a multimedia exhibit, a store and a restaurant in a shopping mall.
BUSINESS
June 6, 1998 | Bloomberg News
Walt Disney Co. said it named John Feenie as executive vice president for China affairs, as the second-biggest entertainment company prepares to expand in one of the world's largest markets. Feenie, 49, has been president of Walt Disney Consumer Products Asia/Pacific since 1994. It's the first time Disney has appointed an executive to deal directly with China, and it comes after a controversy earlier this year over its film "Kundun."
NEWS
April 30, 1998 | From Times Wire Reports
About 10 people have been killed and more than 100 injured in rioting in central China after the government slapped a nationwide ban on all forms of direct sales, officials said. The government banned direct selling to curb get-rich-quick schemes. Direct selling has also been linked in the official media to the growth of religious sects. The ban forced legitimate firms, including U.S. giants Avon Products Inc., Amway Corp., Sara Lee Corp.
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