CHINABUSINESS 6&TRADE

wE]r

PUBUSHING COMPANY TWICE.MONTI{LY REVIEW

voL.

xlv

lssuE 12, JULY 1, 1993

Be'rjing: FinallY StePPing into China's ProsPering

Economy
The raPid ecanomic growth which

Wort bas^begrm south of tropolis able lo take its placc among Orient Plaza' Square on Qianmen Steet' no"st. Bcijing strops are Tianaomen Asi" the we'stem half of the r,"*.4 *iift loads oibrand- naned as well as on district' where 800'000 Xidan street *oJ., ,"*o--o arc springing up -Jryt atc kilometes-of.prime land will be

all

for the past decade has reinvigorated amved rn Chins's coastal cities has the city moves Beiiing anrl each day tbe sraY' ftnntitntY fron rule' ln.a citY

square ;a foriign-firrts l"* ir" govemment is rnui ,u" city to scu-re a stakc overhauled' The Beijiag i*iG to not odv year' counting on ;a;'- vast economy' I:s! 'bo" !t:J*:

".X't -"-Ust Pursred the most *t' '*ilr. "t"li*o planners now seek i.i "ia*it""' "t'y comfortable' even gna
oui rt e cotorn't
styles to sltce up resorting to Westem their dasigns.

:tiTt

n$*',:rff;ft "?i,'1 rxrsir*ru#: :Iffi

St;t1'*#"'HfJ'll'l.,i! "# Liftft'lt#*-^" funillfut*Y"::'l""lr' H'*um' r#"ro::

tour of U"og Xi"oPiog's dramrtic last Year gave southern Chim early

ieijirg

!o the motivation and courage

ec,o modemize. Dsrg's trdtrse@t ot nomic reform told the people of China that it w8s oksy to make money and tbat being prosperous was in fact good for rhe coutrtry. A year later, Beijing resi-

nff**ffi$N**eru,
As china's econonic expansion
Beliing's

a df+on' of Beijing' and will becone

dents are enjoyilg e welcome respile from tbe releutless, ideological litmus lives 6r!c:!ich Economic 1949. reformers 8trd are sDdous to Eold 1us.less neonle peurng

overflowsintorlortblecligits,communisn taind satellite h1||0 Cmhidry Sht is giving way to consumerism anong 50,0{0 pOplO OaCh, officials hop

l0

million perple.

Monu-

$ts

have domioated tbeir

ments and historical sits, once t

these towns

will spur growth in uas

rnto a sleek, wodd-class me-

fage

Contents:

fiTHi*1m
Page 2

lare,_wangfirjing oe8!a constriating enGrtalnDeot,

:;*rffffffi;ff;":::: sn*, lror*",s'#i"

a

,roo,r,,"IT caPrbl's cea0er v"l,,abl" space io tbe l*: fS rlPfor service industries. nn""n**" o&w are finaned by ",i.=T1 Tl Pran For $3ob rmports

-uy uuaros, are dusred otr"od stkact tourisrs.

.o.a

rrouaing

;;-rff"j;

surrounding Beifing' while at rhe sane

*I

TalcaoEnrricarior Vcdrrcr
U.S.

Tn& Mirdoo

Irrliat

Laru
Page 3

fia

p|rar

Tn&

Sbowr

Sh.dcn Up&G
Didr & Tcrdcrr

Fq Iawtrcnr

Hricerg Zorc Opco Page 4 narcnf Dcvclopolcda By Scctd

;aue.Snouoced an imporr pacbge tral w l pool 210 of tbe largesr promillion ioht vetrhre with Hoog K66g pro'ertv JecG' w:rth sbout $30 billioq, wtich swarbrg overseas bcblotogies. giant srrn Hung Kai to truuiia &" sG :e main focus will be on year old Dongan Marka and g gt56 1": P,t:i" 8g-ncultural' energl" raw ma0erials and million deal'-with Hong Kong tycrn,, infrastrucEre, c.H. Tung and rhe u.s. n ., The current package includes: 24 sachs, to cotrstruct a commercial aad

whlch will cover one squsre kilometer. other projects inctude a t300

Y.* modem shoppins. ^ TTTi* and &e Miaisky of For_ ena Uusiness cornplJ erg! l rade 8rd FJooomic Coqperatrbn,

ou. by the srare plaorirg

3.r1J,

recreationar complex io be

hown

as

[:]ffi,HT.jHi;,rr_r?,ffi:
Cbiu
Bus'rorss

Page

July

I,

1993

& Trade

Briefs
Ericsson
Ericsson, already with 2 million AXE lines active in Guangdong, signed $60-million contract with the provincc's PTT Bureau to zupply A)G digital switching oquipmcnt. The con-

Recent Developments by Sector

til their treasury-bond quota has ben sold.
$149 million worth of autos from the Big Tkee in July, 1992. hectarcs in sorrhcrn Bc,jing, will cart consrruction this month under thc Bcijing Tiancheng Real Estatc Developmcnt Company.

Technology
Pacific Technologr Vcnnrre Fund (Boston, MA) has formod a venturccapital fund with Scicnce & Tochnologr Inve$ment, a frm in Shanghai, to invest in tochnol ogr-rdated enterpriscs in the area. Each side will contrib. utc $20 million as initial capital.

Textile
The China National Terile Council was offrcially set up late last month, replacing the

tract, for 3 yean, carts in 1994.

Zinc
China's zinc exports have jurp"d due to the country's necd for forcign currcncy carnings. Report from thc l,ondon

formcr Ministry of Textile [ndu6try. In 198, enterprises under the mini*ry creatod 76 percent of thc production value nadc by thc country'e tcxtilc indu$ry. By 1991, thepcrcentagc stuank by 18 points. Meanwhile, tcxtiles ougu chalked up by townCrip cntcrpriscE, which arc overscen by regional authoritics and othcr mini*rics, madc up 59 perccnt of thc total.

Cables
Olcx Cables and NEX AusraliE havc bccn awarded a oontract to srpply 3,150 lan optical fibers
to China- The contract is part of China'e project to irudl; btal of 12,00 km of cablc un&r a 5-year communbations upgading plan to imprsvc NortirlWcc China's telocom munication sf,viccs.

Meal

Exchange said zfurc socks

Kodak
Eas.man Kodak Companv

(NYSE: EK) confirmcd that its

Sl*)

subsidiary, Kodak (E:oort

Ira. of Hong King

has

in Singapore increascd 2,E75 metric tons to 67,650, or almo$ l0 percent of total stocks. Most of thc zirrc eorcd in Singaporc is of Chinese origin,
although thc warehouees-do not revcal the brands in storage.

Bigncd a

lcficr of intcnt wi0r

gm km of cable will bc 9p to
and the rest by August n6:c year. The Australian Interna_

installed by Octobcr this ycar

garding X-ray film.

Tianj in photographic Marcrials {-orporatio-n of Tianjin to cooperate in a feasibility-nudy re-

Hydroelectricitv
Itrc qnattonal

s5tylCorporuion

Conciliation
for InThe Amcrican Arbitration Ae_

Du:?u

tional Development Assigancc ad the Export Finance

Assemblino
From pecanbci ajoint ven_ ture of NEC Coqp. in Chif,E

Tcchno_Economic Loo.pcration has won an $gO

ffio'ffJ'ff
TDK
PK.C,93.
h

!f

rPoration wit I

;ilffi::,ffi;l['_tfi:
sacurcd an ordcr
.

q*9.

IotUl
lion

Pl#ie",.r"'ff#i*ff ff#,ffff,ffi1*Yf. Corpo.*

urd

jf,: I.j :y.': r,-l,i*,i,uy l::" r 5 sr up in clrcngdu, eruil5fl noviltoc. n""i*i.

lid"T
\i^L'.--

I]c ilTrirn" $45 mil.

atty rncreased. Most of the our_

targcted at onc mi[ion chios R1 month and the production volumc is er@od to bc gradu

9otrc civil wgrla for rhc pro_ locr to cxpand thc Owcn Falls powcr station g0 kilomcers eas of Kampala.

oroetecrriciry projcct which wiil souDle Uganda's gencration caTh" Chinese firm will

it:lp".Tg*t

for part of a hy_

Real Estate
Bcijing has announccd a $22g mill ion real cstatc projecr, which is opn to both foreign and dome*ic buyers and invcstors. Thc project will involvc a

sory C;omminoc b promote the uce ofconciliation as a form of orsputc rcsoluion in inErnatronal hansadions with China. rr.$ nobd thu diryurcs with ar growing bocausc of .r-n-rna rts booming activity in thc intcr_ national market, which ie avcr_ aging aborn $200 bittion a ycar, Ic is also noted that since
the Chincsc do not likc court-

ffiTff"Hiffff":lH.

ltrLnhl
oy

Import

h hgin opcrarbns :t SrdT i|| Dffinbfi tttd willprodrrce

abod tluec millhn hcads

{frcr

l*t *^p*y

rbou ttro rrinion tincar ICs pa month and around one rnilion
microproccssors pcr month

annu

from

ilo.-'to.buring lD4,

room confrontation, Conciliuion will allow both parties to 'savc faco" to comPromise their disputc, as oPPosod to litl irrd ont eidc will lorc'
sation whre onc sidc wilt win

tho compary rims to producc

allyfor&me*icc'nsumprion.
Bonds

fJjffg:ionunitsorthe
hrs Thc chincsc^govcrnmart care b

loat corutrucioa sPoco of 278,W equare metere-, includinr a 2G*orY finrncial cen@r'

ynT
-i

.,,

r. ."ll hrnflffv ::-;ii25 b.,tiion l;*r:,.-J.,,f.,nc\, I u,- rcsu' -' -;::i-' *ltT; ing, a 'n.rI
!^-: liah nllafx)Il. W D..----

hFdr

Autos

p*eH[i-;ljiF*
a stroPPing

Thc official rEtc dill -rctnEmE

Currency

iitiltlto-

and minivans

iillbo u"l.9M:

crnter'

ITl'

ti.-&iJu"u

rum;t661,9*

r::Y*'*ll;'3ffiil'ffi'

Qotc'rtrl opment zo0iQ

tt'

$,rfiffi;rut; lia
this Ycar'

&. TRADE CHINA BUSINESS Suite- 900 14a3 K St', N'W'' zooo5' u's'{

washington;-D'b'