Several industries are being privatized, he said, including telecommunications, energy, steel, railroad, and shipping. The country expects to export 100 million dollars in goods by the year 2002. Mark Hemstreet, marketing director of Hilti-Brazil, stressed the value of knowing the native language, Portuguese. He also had several lessons learned, including establishing company reputation, staying within a manageable project budget, and seeking out sound legal and financial advice. The Globalization Committee will hold a China Forum in San Francisco on October 5-6.
More time is planned for audience and panelists question and answer sessions.
The location will be the Hyatt Fisherman's Wharf. The program includes project experiences in China by domestic and international firms, front-end negotiations, and project execution. Space is limited, so contact CII for registration information. The committee is planning an additional forum on India. The time frame will be Spring 1999.