TITLE

The China Card

AUTHOR(S)
Walker, Lewis J.
PUB. DATE
April 1994
SOURCE
Journal of Financial Planning;Apr94, Vol. 7 Issue 2, p60
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article presents information on the Asian markets with special focus on China. The author says that while the behavior of China's leaders is sometimes bizarre and their views of human rights frustrating to the West, China is the largest emerging nation in the world. Nicholas Krist of "The New York Times," writing in Foreign Affairs, journal of the Council on Foreign Relations, proclaims that China's astounding economic growth will be the most important change in the global economic, political and military balance in the next century. As marketing and investment target, China looms as a potential opportunity of gargantuan proportions. While 70 to 80 percent of China's 1.2 billion people are peasants living hand-to-mouth, it is the booming coastal cities that lead the way in free spending trade development. U.S. President Bill Clinton's administration has stepped up its China contacts. China has pledged to overhaul its tax and banking system and to make its currency convertible. To join General Agreement on Tariffs and Trade (GATT), China must lower tariffs, make trading rules more understandable and provide better protection for intellectual property.
ACCESSION #
5558065

 

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