Business Opportunities in Northeastern China - Softcover

Chew, Soon Beng

9780130838605: Business Opportunities in Northeastern China

Softcover

ISBN 10: 0130838608 ISBN 13: 9780130838605

Publisher: Pearson P T R, 1999

Amidst the financial turmoil of the Asian economies, the most severe flooding in 50 years and domestic resistance to radical change, China is boldly moving forward with new reforms geared to dismantling state-owned enterprises, revamping the financial sector and downsizing a lethargic administrative bureaucracy. In Business Opportunities in Northeastern China, the twelfth volume in the Nanyang Business Report Series, the editors untangle the massive reform challenges embedded in China's northeastern industrial heartland which are crucial to sustaining the country's domestic growth.

This book addresses the unique regulatory and market reforms facing the central government, unparalleled anywhere, but which offer business and investment opportunities spanning new capital, technology, multimedia and human resources. ns, highlights their global competitiveness and hub location attributes before it synthesises various issues underlying the East-West values debate and the imminent linkage of trade to social values and environmental protection. Throughout, these topics are braided with policy implications emanating from the agendas of major world organisations such as WTO, ILO and the World Bank, among others.

U.S.-ASEAN relations depict a remarkable partnership that is vibrant, comprehensive and dynamic - a major globtructure realignment within the "Bohai Ring" and the government's commitment to boost, in every manner, the vast domestic rural economies. Business Opportunities in Northeastern China unveils the reality of these challenges and, therefore, is an essential reference for potential international investors, global entrepreneurs and traders, professional and governmental agencies, researchers and students.

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About the Author:

John J. Williams is Associate Professor at the Nanyang Business School, Chief Coordinator of the MBA Business Study Mission Program, and Director of the Nanyang Business Report Series. Chew Soon Beng is Associate Professor and Head of the Applied Economics Division at Nanyang Business School, and Director of the Asian Commerce and Economic Studies Centre. Cao Yong is Lecturer at the Nanyang Business School and Head of the Chinese Economic Study Unit. Low Aik Meng was former Associate Professor and Director of the MBA Program at the Nanyang Business School.

From Chapter 1:

China is at the crossroads of shifting to a market economy from the shadows of a centrally planned economy. However, much of the old structure that remains in place cannot be shed without some painful consequences. This chapter gives a brief overview of China's remarkable economic performance and sketches an outline of the challenges that must be overcome to make the transition to a new social and economic order a smooth one. The latter part of the chapter summarises the relevant issues discussed in the remaining chapters of this book.

Since China launched its economic reform programme in 1978, the transition from a command to a market-based economy has helped to fuel one of the world's highest growth rates. The average growth in gross domestic product (GDP) from 1978 through 1997 was 9.3% per year. But this trend has not been a steady one; rather, it has fluctuated widely from year to year.

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