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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Liatris Spicata who wrote (9274)	9/10/1999 10:47:00 AM
From: Dayuhan	Respond to of 9980

You are right. But the question seemed aimed at determining whether or not a multilateral grouping existed that might sanction intervention. SEATO was such a grouping; ASEAN is not identical to it or a direct successor to it, but it is the only available regional grouping. My understanding is that ASEAN was formed as an indigenously-led alternative to the US-dominated SEATO, and could in some ways be considered a successor organization.

To: Liatris Spicata who wrote (9274)	9/10/1999 11:34:00 AM
From: Liatris Spicata	Respond to of 9980

A few paragraphs purloined from today's WSJ concerning China's long march down the capitalist road. ======================================================== China Will Let Foreign Firms List Shares Under New Rules That Include Tax Breaks By CRAIG S. SMITH Staff Reporter of THE WALL STREET JOURNAL SHANGHAI, China -- Foreign companies will be allowed to list shares on China's domestic stock markets under new rules aimed at boosting investment in the country, the government said. The measures also include tax breaks for foreign companies and more free-trade zones to encourage foreign investment nationwide. The liberalized investment climate comes as the U.S. and China enter high-level talks on China's long-sought entry into the World Trade Organization. The two countries' trade negotiators are trying to hammer out a deal in New Zealand ahead of Saturday's meeting between presidents Bill Clinton and Jiang Zemin at the annual summit of the Asia-Pacific Economic Cooperation forum. But the real aim of the foreign-investment incentives is to revitalize China's slowing economy, which has been sustained by government spending for the past year. "The government is almost begging businesses to invest, whether it be state enterprises, private companies or foreigners," said Joe Zhang, head of China research at Warburg Dillon Read in Hong Kong.