Shortages continue to plague China despite impressive additions to electric generation capacity. Rapid economic growth demands the building of new stations but lack of finance and environmental concerns are slowing development.
Hong Kong has lost much of its manufacturing capacity to the mainland but opinion is divided as to whether it should try to recover lost output through investment in high-tech industries or continue as a service-based economy.
Demand for management training is far outstripping supply and will continue to do so despite the creation of many new programmes. But reservations about financing and the inexperience of Chinese faculty is holding back more active participation from leading foreign business schools. We also investigate a new type of training centre for managers set up by the British Chamber of Commerce in Beijing.
Being allowed to conduct local currency business in Shanghai offers few immediate advantages to the eight foreign banks which have won licences, a number which is expected to grow to nine later this year. But it does present longer-term opportunities.
Convertibility has led to increased scrutiny by the exchange authorities 'to make sure that transactions which should be under the non-convertible capital account are not dis guised under the current account.