Full Contents - August 2003


MAGAZINE ARTICLE

  • Tough choices for PBOC

  • Despite pressure from abroad, the Chinese government has so far taken only a few steps to mitigate upward pressure on the yuan. However, it may be forced to take more drastic measures to check the explosive growth in central bank reserves.

  • Local application

  • Peter Ter-Kulve, CEO of Wall's in China, reflects on his company's experience in developing its ice cream brands across the country.

  • Barriers to entry

  • Foreign investors have been investing heavily in setting up R&D offices in China despite an Inadequate provision of lax incentives.

  • Winds of cultural change

  • In the first of a two-part article, Prof. Dr kai-Alexander Schlevogt writes that it is important for foreign investors to analyse and understand the real cultural differences that exist between China and the West.

  • Home saturation

  • A saturated Chinese market means that domestic handset vendors have little choice but to expand overseas, writes Zhang Dongming.

  • Rep office clampdown

  • Since it is becoming much harder for representative offices to obtain tax exemption approval, it may be time for FIEs to consider alternatives.

  • Let the benefits flow

  • Controversial for its impact on the environment and local residents, the Three Gorges Dam should actually deliver substantial economic benefits to the impoverished regions of central and western China.

  • Housing for the masses

  • The authorities are trying to discipline the housing market and sort out real estate's relations with the banks. However, it is unclear whether these actions will divert activity towards the mass housing market.
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