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To: Charles A. King who wrote (9947)10/12/1998 11:02:00 PM
From: michael Flynn  Read Replies (3) | Respond to of 13091
 
To All
Charles,Eli,Bob,Robert,Ned,Buzz,Ron,Rusty,Bill,Okee-boy et al
This little sucker wont die will it?
Seriously. does this mean we still have a chance?

Regards
Mike in Savannah

PS Many months ago I suggested we meet in Charleston at the processor, join hands in a circle and pray... this may be the time :-)



To: Charles A. King who wrote (9947)10/13/1998 8:37:00 AM
From: John Crovelli  Read Replies (1) | Respond to of 13091
 
Does anyone have information regarding the Annual Meeting?

John



To: Charles A. King who wrote (9947)10/19/1998 8:39:00 AM
From: Charles A. King  Read Replies (1) | Respond to of 13091
 
Foreign Investment in China Beginning to Rebound

CHANGSHA, October 19 (Xinhua) -- After a two-year slow-down, foreign
investment involved in contracts China signed from January to August rose to 31.7
billion U.S. dollars, a year-on-year increase of eight percent, according to Sun
Guangxiang, Vice-Minister of Foreign Trade and Economic Cooperation.

This means that China has survived some of the fallout from the Asian financial
crisis, Sun told a recent forum on foreign investment in western and central parts of
China.

He said the country will continue to focus on direct foreign investment by opening
up more competitive industries like petrochemicals and construction, and
experiment with domestic commerce, foreign trade, accounting, legal consulting and
tourism.

Sun said the Chinese government will make an effort to improve its legal system
relating to foreign investment and take steps to stop illegal levies imposed on
foreign-funded enterprises.

He said that the western and central regions have their own advantages and for
foreign investment like cheap labor and potential markets.

chinanews.org

Charles



To: Charles A. King who wrote (9947)10/26/1998 11:04:00 AM
From: Charles A. King  Respond to of 13091
 
The Chinese government's protection of domestic energy prices has its effect.

FOCUS-China's crude imports fall, breaking trend
04:00 a.m. Oct 26, 1998 Eastern

By Azlin Ahmad

SINGAPORE, Oct 26 (Reuters) - China's cumulative
crude imports have fallen for the first time in several
years -- as the country drives to cut its reliance on
imports, analysts said on Monday.

''China has been doing everything in its power to
improve its self-sufficiency both upstream and
downstream in the current year,'' said James Brown,
regional energy analyst for Merrill Lynch.

''I would see this as a result of this initiative,'' he said.

Customs data on Monday showed that China's imports
of crude in the first nine months of the year fell 2.3
percent to 23.5 million tonnes compared with the same
period in 1997.

The data represents the first cumulative decline in crude
imports since 1994 when China turned into a growing
net importer of crude.

It also represents a dramatic turnaround in imports
when compared 57 percent growth in 1997 over 1996.

Analysts, however, said the data was expected as
China has been encouraging local refiners to use more
domestic crude oil.

Kang Wu, a China energy analyst at Hawaii based
East-West Centre, said that China has taken steps to
reduce the attractiveness of foreign crudes to domestic
buyers.

In June, China freed up domestic crude price controls
which Wu said resulted in a fall in the price of local
crudes and brought them closer to international levels.

''Crude imports in China are still more affected by
policies than by the natural markets, but the lower
prices do help,'' Wu said.


infoseek.com:80/Content?arn=a0373LBY627reulb-19981026&qt=china&sv=IS&lk=noframes&col=NX&kt=A&ak=news1486

The Chinese anti-smuggling effort has attention at the highest levels.

China's Zhu Holds Meeting Against Smuggling
12:14 a.m. Oct 26, 1998 Eastern

HONG KONG (Reuters) - Chinese Premier Zhu
Rongji has called for greater efforts against smuggling,
saying the campaign so far has done little to stop
clandestine trade in border and coastal areas, official
newspapers said Monday.

Zhu held an eight-province meeting after touring the
southern province of Guangdong and Guangxi region
with State Council member Wu Yi to assess the
campaign against smugglers and foreign exchange
cheats, the Securities Times said.

infoseek.com:80/Content?arn=a2208LBY500reulb-19981025&qt=china&sv=IS&lk=noframes&col=NX&kt=A&ak=news1486

From an article about oil refining in China.

this year's numbers are likely to be distorted
by China's decision to reduce crude oil imports and a
ban introduced in September on imports of diesel and
gasoline.

infoseek.com:80/Content?arn=a1485LBY935reulb-1998...

If GRNO is able to join in a joint venture in China, its plants could be considered to be domestic oil refiners which the central government wants to protect from foreign product dumping on the Chinese economy. This will protect the product prices from crashing and provide a stable investment value.

Charles