From: xc17@cicero.spc.uchicago.edu ()
Subject: CND-Global, August 21, 1992
Organization: U of Chicago, SSPPCC
Summary:  CND-Global
Keywords: CND-Global
Date: Sat, 22 Aug 1992 13:09:24 GMT
X-Posted-From: cicero.spc.uchicago.edu
X-Posted-Through: sol.ctr.columbia.edu

              * * *  C h i n a   N e w s   D i g e s t  * * *

                              (News Global)

                        Friday, August 21, 1992

Table of Contents                                                # of Lines
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1. News Brief (4 Items) ................................................ 43
2. Taiwan's Lin-yuan Group Hopes to Invest in the Mainland ............. 36
3. Wang Juntao's Wife May Call off a Planned Protest ................... 35
4. Booming Economy & Greater Openness Draw Foreign Investors to China .. 70
5. What is in Today's Hua Xia Wen Zhai (CND Chinese Magazine #73) ...... 35
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1. News Brief (4 Items) ................................................ 43
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[AP-DJ 08/20/92] SEOUL -- Kia Motors, South Korea's second largest auto
maker after Hyundai Motor, said Thursday it has signed a letter of intent
with a Chinese city to pursue joint venture projects to produce automobiles
and parts and to operate tourist taxis.  According to a Kia official, Kia
Motors Chairman Lee Bum-chang and visiting Yanji City (of Jilin Province)
Mayor Piao Dong Kui signed the letter August 14 and agreed to discuss
details in further talks.  (From: Jian Liu)
                        ____  ____  ____  ____

[PRNewswire 8/19/92] BEIJING -- DDB Needham Worldwide today announced the
official opening of Beijing DDB Needham, headquartered in Beijing, China,
with branch offices in Guangzhou and Shanghai. According to president of
DDB Needham Worldwide, the new operations in China are a joint venture with
Beijing Advertising Corporation, the largest of the government advertising
units.  The agency also offers public relations services and is provides
the only photographic servicing unit in China though a joint venture with
Fuji Films and Beijing Photographers.  Multinational clients for Beijing
DDB Needham include:  McDonald's, Seagram, Fuji Film, Sheraton Hotels,
Mobile Oil and the Hong Kong Trade Development Council. (From: Jian Liu)

                        ____  ____  ____  ____

[AP-DJ 08/20/92] BEIJING -- China's steel production hit a record 45.3
million tons in the first seven months of the year, an official news
report said Thursday.  Output still fell short of demand, forcing China
to cut steel exports and increase imports.  The steel output was up nearly
6 million tons from the same period of 1991.  Total output for the year
was projected at 77.5 million tons, topping the 72 million tons expected
in the government's economic plan.  The China Daily said exports of steel
products were cut by 90,000 tons and imports were increased by 950,000
tons to help meet the new demand. It did not give total import and export
figures. (From: Huije)
                         ____  ____  ____  ____

[UPI 8/20/92] BEIJING -- Storms, floods and landslides triggered by heavy
rains during the past two weeks have left at least 86 people dead and 10
missing in Shaanxi Province, the China Daily said Thursday.  Torrential
rains and hailstorms had sent "torrents of water rushing down the
mountains" into half a dozen rivers in the region, pushing water levels
above warning marks.  The report said at least 86 people have died and 10
others were missing, while more than 30,000 homes were damaged and economic
losses were estimated at more than $110 Million. (From: Charles P. Mok)

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2. Taiwan's Lin-yuan Group Hopes to Invest in the Mainland ............. 36
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From: Jian Liu
Source: DJ 8/19/92

TAIPEI -- Cathay Group, or Lin-yuan Group, Taiwan's largest conglomerate,
announced wide-ranging plans to enter mainland China, though Taiwanese
government restrictions on mainland investment will prevent the plans from
immediately being carried out.

Analysts saw the announcement as part of a bid to urge Taiwan's government
to relax the restrictions.

Tsai Wan-lin, the insurance and construction group's chairman, said
Cathay's mainland investment plans will focus on cement manufacturing, land
development, construction and public-construction projects.

He noted that the group is also interested in the mainland's potential
life-insurance market.

Tsai said the group has dispatched a 13-member mission to investigate the
mainland market, and he himself will also visit the mainland soon.

The group owns Cathay Life Insurance Co. and Cathay Construction Co. Cathay
Life is the largest life-insurance company in Taiwan, accounting for 56% of
the republic's life insurance market. Cathay Construction is Taiwan's
largest construction company

Officials of the Ministry of Finance, which regulates the insurance
industry, pointed out that the Taiwanese government hasn't yet approved
insurance company investment in the mainland. A spokesman said the ministry
will take a closer look at the Cathay's group's plans.

P.K. Chiang, vice minister of economic affairs, said after Tsai's
announcement that his ministry wouldn't approve Cathay's mainland projects
for cement making, land development and public construction.  The economic
affairs ministry governs manufacturing activity.

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3. Wang Juntao's Wife May Call off a Planned Protest ................... 35
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From: Toni Tong <ttong@attmail.com>
Source: AFP 8/19/92

BEIJING -- A leading dissident's wife has agreed to call off a planned
protest if Chinese officials address the demands of her hunger-striking
husband by Thursday, she said.

Hou Xiaotian, whose husband Wang Juntao has been on a hunger strike in jail
for eight days, said the Beijing police asked her to drop plans to
demonstrate Thursday and telephone to ask for a meeting to discuss the
situation.

"They asked me to give up the demonstration," Hou said.

"I agreed, but on the condition that they give us an answer before 8:30
tomorrow morning.  If not, I told them I reserve the right to take any
action and they will be responsible."

The section of Beijing's Public Security Bureau in charge of handling
political dissidents phoned Hou and requested that she meet with officials
from the section and prison officials later Wednesday, she said.

Wang, 34, launched his hunger strike in Beijing's Yanqing Prison to protest
the authorities alleged refusal to grant him the right of appeal and the
right to grant power of attorney.

Wang is serving a 13-year sentence for his leading role in the 1989
pro-democracy movement.  He contracted chronic hepatitis while in
detention and Hou said Thursday his life was in danger.

Hou and five of Wang's relatives and friends applied Tuesday to hold the
demonstration.  They planned to hold  a one-hour sit-in in front of the
Justice Ministry and also deliver a petition to the parliament calling for
a new law guaranteeing human rights protection in China.

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4. Booming Economy & Greater Openness Draw Foreign Investors to China .. 70
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From: Huijie
Source: AP-DJ 8/19/92

BEIJING -- Three years after troops crushed the Tiananmen Square democracy
movement, foreign businesses are flocking into China, lured by a booming
economy and increasingly open market.

In one week in June, Procter and Gamble President John Pepper, Shell
Chairman John Jennings and David John, executive director of Inchcape Group
PLC, a London-based multinational trading company, all were in China to
meet top leaders and explore business opportunities.

"Things are certainly picking up from post-June 1989 days and significantly
from last year," said Helena Kolenda, an U.S. lawyer who advises foreign
firms and helps negotiate contracts.

When Chinese tanks rolled into Beijing streets in June 1989 to put down
student-led protests for a freer society, most foreign businessmen hopped
planes to Hong Kong. They came back in a few weeks, but the lingering image
of chaos caused a sharp fall-off in new investment from the West,
especially from the U.S.

That has changed over the past year, due largely to China's improved
treatment of foreign investors and confidence that its rapid economic
growth will continue.

U.S. investment has rebounded even though U.S. companies would be badly
hurt if the U.S. Congress cancels China's low-tariff trade status. Congress
has tried repeatedly to do so in response to China's poor human rights
record, but always falls a few votes too short to override U.S. President
Bush's sure veto.

A record 8,926 foreign investment projects won Chinese government approval
in the first five months of 1992, more than 15% of the total since China
began allowing foreign investment in 1978.

The foreign investment pledged for those projects totalled 10.45 billion
dlrs, 2.7 times that of the same period last year.

The government has loosened restrictions that kept most foreign
manufacturers from selling to China's 1 billion consumers. Western labels
including Lux soap, Head and Shoulders shampoo, Heinz baby food and Pabst Blue
Ribbon beer can now be found on many shop shelves.

More foreign companies are being allowed to invest in the retail sector.
Japan's Yaohan International Group signed a contract in June to open a
joint-venture store in Shanghai.

Under U.S. pressure, China has strengthened its protection of international
property rights and begun publishing secret trade rules.

China also has taken steps toward conforming with free-market principles in
foreign trade in hopes of being admitted to the General Agreement on
Tariffs and Trade.

But the biggest draw is China's buoyant economy, one of the fastest growing
in the world. In the first five months of this year, the gross national
product grew 11% compared with the same period of 1991, to about 790
billion yuan. Industrial production rose 18%, and retail sales, nearly 14%.

New U.S. contracted investment this year might top the previous high of 645
million dlrs in 1989, which was mostly pledged before the crackdown. New
contracts fell to 358 in 1990 and only 20 million dlrs in the first half of
1991.

A recent survey by Hong Kong's American Chamber of Commerce found that 97%
of the 405 member companies polled described China's investment climate as
favorable or very favorable. They cited the growing economy, expanding
domestic market and stable political climate.

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5. What is in Today's Hua Xia Wen Zhai (CND Chinese Magazine #73) ...... 35
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From: CND Hua Xia Wen Zhai Editorial Board <cnd-cm@library.uta.edu>


                           Hua Xia Wen Zhai
                        (CND Chinese Magazine)
                              Issue #73
                            August 21, 1992

------------------------------------------------------------------------
                      Table of Contents (cm9208c)
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1. Masterpiece: Going Home ..................................Pete Hamill
2. Biography:
     Yuan Hongbin with THE TIDE OF HISTORY (Part 1 od 2) ......Shi Liuzi
3. Around the World: Strange Things in London ...................Xiao Zi
4. Inside China:
     The Vicissitudes of Stock Application Form (Part 2 of 2)
                     ......................................Zhao Guocheng
5. Humors: .......................................................Ya Lin
     Becoming Hostess
     Waiting for One Minute
     Award
     Breakfast and Appetite
6. Recipe: Ba Bao Fan
7. "We"(Wo Men): Stories of Study .................................Tu Ya
8. Between Readers and Editors:
     Not A Man ...............................Shitou, Yiyan and Chengxin
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      Executive Editor:  Bao, MinQi < cnd-cm@library.uta.edu >
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Please send contributions to cnd-cm@library.uta.edu, including your
name and E-address in the  GB  file  unless  you wish to be anonymous.
Also please avoid printing HXWZ in peak hours on a multi-user printer.
------------------------------------------------------------------------

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