Full Contents - January 2006


COMMENTARY

  • Muddling toward maturity

  • It's easy to draw apocalyptic inferences from media reports that China is sliding into irretrievable chaos, but most tales of bird flu and pollution don�t tell the whole story.

REVIEW

  • Unremitting debtors

  • While recent activity suggests that foreign investors are finally getting their hands on more bad loans from China's banks, nothing is predictable in the distressed debt market.

  • Home-growing venture capital

  • Blunder, not conspiracy, deflated venture investment in 2005, and Beijing�s moves to boost domestic funds appear more benign than menacing.

  • Go slow: Quality gap ahead

  • Expectations of China soon flooding the global car market are unrealistic - offshore savvy still ranks higher than low-cost labor in auto manufacturing.

  • Million dollar dolls

  • The mascots for Beijing 2008 appeared on pirated products within hours of being launched. Olympic organizers are facing a very public IPR war.
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