GF 323
CONFIDENTIAL
26
機密
Name of state-owned enterprise
Beijing Reninin Machinery General Plant
Estimated amount
of funds
to be raised
(US$ Million)
50
Donfang Electric Company
20
Guangzhou Shipyard
40
Kunming Machine Tool Plant
10
Maanshan Iron and Steel Company
500
Qingdao Brewery
50
Shanghai Petrochemical Complex
450
Tianjin Bohai Chemical Industry Group Company Yizheng Joint Corporation of Chemical Fibre
200
400
37.
On
Star
industrial ventures, Qingdao Double Corporation, a major shoe-making group in China, announced that it would set up a joint venture in equal shares with a Hong Kong shoemaker, Jumbo Process, to expand its business in Hong Kong. Products would be targetted primarily at the Hong Kong market.
(V)
38.
Concluding remarks : implications for the Hong Kong
economy
commitment
China's buoyant economy and its continued to economic reform and open door policy will
present ample new business opportunities to Hong Kong
companies. Sectors of interest in China include not only
production for export and for the China market, but also infrastructure development, real estate, retailing, finance
Economic links between the two
and business services.
places can be expected to broaden as well as intensify in
the coming years, and both places can be expected to
benefit substantially.
39.
Chinese
economy
Currently, the major areas of concern to the
government are the accelerating inflation as the becomes more heated up, and the sharp depreciation
Renminbi as the demand for imports strengthens.
These have led to calls for tighter controls over the
economy.
Nevertheless, to the extent that the primary
emphasis is still on growth, the government is probably not
of the
CONFIDENTIAL
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