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To: JGoren who wrote (20228)	12/22/1998 2:29:00 AM
From: Ruffian	Respond to of 152472

JGoren, Is That 1. Lawyer To Another? Ericy Is Hiring, But What are they really Paying. Happy Holidays, Michael

To: JGoren who wrote (20228)	12/22/1998 3:09:00 AM
From: Ruffian	Respond to of 152472

Don't Know What To Make Of This> China By a staff reporter 18 December 1998 China has granted a partial reprieve for foreign companies involved in Chinese telecom ventures that may allow them to continue operating, said the U.K.'s Financial Times quoting unnamed officials. The companies, investing in Chinese telecoms through the so-called "china-china-foreign" arrangement, might escape the "clean-up" of foreign participation promised by the government, said the report. The Chinese telecoms officials said that "a few" of the 46 existing or planned telecoms ventures would not be allowed because of regulation infringements. The remainder may have to undergo contract adjustments, said the report. Officials told the newspaper that the CDMA mobile venture between Hong Kong's Hutchison Telecom and China Unicom, the second state carrier, as well as ventures by U.S.-based Metromedia were in danger of being cancelled. However the high profile deal between Unicom, the U.S.'s Sprint and Japan's Sumitomo may be allowed to continue in a modified form, said the officials in the report.