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China business. By: Kahn, Alan R., China Business Review, 01637169, Nov/Dec95, Vol. 22, Issue 6
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CHINA BUSINESS
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The following tables contain recent press reports of business contracts anti negotiations exclusive of those listed in previous issues. For the most part, the accuracy of these reports is not independently confirmed by The C73R. Contracts denominated in foreign currencies are converted into US dollars at the most recent monthly rate quoted in the International Monetary, Fund's International/Financial Statistics.
Firms whose sales anti other business arrangements with China do not normally appear in press reports may have them published in The CBR by sending the information to the attention of the editor.
SALES AND INVESTMENT July 3 - September 3, 1995
Foreign party/Chinese party Arrangement, value, and dale reported
Accounting and Insurance OTHER Aon Corp. (US)Established representative office in Beijing. 8/95.CIGNA Corp. (US)Will open representative office in Shanghai. 8/95.Swiss Life Insurance and Pension Co. (Switzerland)Opened representative office in Beijing. 8/95.Transamerica Life Cos. (US)Opened representative office in Tianjin: 8/95.American International Group, Inc. (US)Received license to sell life and non-life insurance products inGuangzhou and opened full-service branch office in Beijing. 7/95.Agricultural Commodities and Technology OTHERWorld Bank/Tujia-Miao Autonomous County (Sichuan)Provided $1.1 million loan to construct waterweed-growingtechnology center and goose hatchery 7/95, Banking and Finance CHINA'S IMPORTSNEC Corp. (Japan)/PBOCSold 300 VSAT satellite communications systems to aid bankingsettlement business. $36 million. 7/95. CHINA'S INVESTMENTS ABROADBank of ChinaWill establish branch office in Ho Chi Minh City. Vietnam. 8/95.Agricultural Bank of ChinaOpened its first overseas branch office in Singapore. 7/95. OTHERBank of Tokyo (Japan)Established representative office in Chengdu. Sichuan Province.8/95.Citibank (US)Opened branch office in Beijing. 8/95.Commercial Bank of the Republic of KoreaOpened branch office in Shanghai. 8/95.Dai-Ichi Kangyo Bank (Japan)Established representative office in Wuhan. Hubei Province. 8/95.Deutsche Bank AG (Germany)Established representative office in Shanghai. 8/95.Fuji Bank (Japan)Established representative offices in Tianjin and Nanjing,Jiangsu Province. 8/95.Industrial Bank of JapanEstablished representative office in Wuhan, Hubei Province. 8/95.Nanyang Commercial Bank (HK)Will open branch office in Beijing. 8/95.Royal Bank of CanadaEstablished representative office in Guangzhou. 8/95.Asahi Bank (Japan)Opened branch office in ,Shanghai. 7/95.Bank of Tokyo (Japan)Opened branch office in Beijing. 7/95.First National Bank of Boston (US)Opened representative office in Shanghai. 7/95.Hong Kong & Shanghai Banking Corp. (HK)Opened branch office in Beijing. 7/95.Nasdaq (US)/Shanghai Stock ExchangeWill provide dual listings on both stock exchanges and willjointly oversee trading activities on China's securities markets.7/95.Sakura Bank Ltd. (Japan)Opened branch office in Tianjin. 7/95.San Francisco Pacific Stock Exchange (US)/Shanghai Stock ExchangeFormed agreement to provide dual listings on both stockexchanges. 7/95.Tokai Bank Ltd. (Japan)Opened branch office in Tianjin. 7/95. Chemicals, Petrochemicals, and Related Equipment INVESTMENTS IN CHINACiba-Geigy Ltd. Group (Switzerland)/Shilou Town EconomicDevelopment (Guangdong)Established Guangdong Ciba Polymers Co. Ltd. in Panyu, GuangdongProvince to produce anti market Araldite epoxy resins used inmanufacturing electronics, power equipment, and airplanes.(Switzerland:95%-PRC:5%). $21.7 million. 8/95.Hercules Inc. (US)/Shanghai Chlor Alkali ChemicalEstablished joint venture to produce chemicals used inmanufacturing high-quality paper. $7 million. 8/95.Kao Corp. (Japan)/Shanghai Yu Long EnterpriseWill establish joint venture to produce surface-active agents fortoiletties. (Japan:75%-PRC:25%). $10.3 million. 8/95.Sumitomo Corp. (Japan), Dovechem Holdings PTE Ltd. (Singapore)Established Dovechem-SC Co. wholly foreign-owned venture inGuangdong Province to produce plasticizer for PVC resin.(Japan:30%, Singapore:70%). $10 million. 8/95.Borealis Holding A/S, a subsidiary of Neste Oy (Finland)/QiluPetrochemical Co. (Shandong)Established joint venture in Shandong Province to producepolyethylene. Denmark:50%-PRC:50%). 7/95.E. I. du Pont de Nemours & Co. (US)/China National New ChemicalMaterials Corp., Pacific Chemical (Group) Corp. (Shanghai)Formed joint venture to produce Delrin acetal polymer used forautomobiles, manufacturing, and appliances. (US:50%-PRC:50%).$100 million. 7/95.Royal Dutch/Shell Group (Netherlands)/Zhejiang Transport Goods &Materials Co., Zhapu Harbor Administration (Zhejiang)Established Zhejiang-Shell Asphalt Co. to produce asphalt andZhejiang-Shell Chemical Petroleum Co. to produce lubricating oil.(Netherlands:85%-PRC:15%). $50 million. 7/95.Snamprogetti SPA, a subsidiary of ENI SPA (Italy)/China NationalTechnical Impart & Export Corp. (Beijing)Will establish plant in Nanjing, Jiangsu Province to producefertilizer from Texaco Inc. and Haldor Topsoe Co. residual oilproducts. $120 million. 7/95. Consumer Goods INVESTMENTS IN CHINAAvon Products Inc. (US)/NA (Guangdong)Will build manufacturing plant in Conghua, Guangdong Province toproduce cosmetics. $40 million. 8/95.Fedders Corp. (US)/Ningbo Air Conditioner Factory (Zhejiang)Established joint venture to manufacture air conditioners. $24.1million. 8/95.Henkel KGAA (Germany)/Shanghai Kemeng GroupEstablished Henkel Kemeng Cosmetics Ltd. to produce and sellpersonal care products. (Germany:60%-PRC:40%). $15.5 million.8/95.LG Group (S. Korea), General Electric Co. (US)/TianjinRefrigerator Industrial Co.Established joint venture to produce home appliances. (S.Korea:55%, US:25%-PRC:20%). $99 million. 8/95.McQuay Asia Co. (US)/New World Refrigeration Industry Co. (Hubei)Formed Wuhan McQuay Air Conditioner and Refrigeration Co. jointventure to produce air conditioning and refrigeration equipment.$20 million. 8/95.Mitsubishi Corp. (Japan), Dai-Ichi Kosho Co. (Japan)/China RecordCorp. (Beijing)Formed Shanghai United Optical Disc Factory joint venture toproduce compact discs. (Japan:60%-PRC:40%). $1.98 million. 8/95.WCP International (Holding) Co. Ltd. (NA), Winul International(Holding) Co. Ltd. (HK), Chofu Seisakusho Co. Ltd. (Japan),Philco International (US), Nichimen Corp. (Japan)/Swan AirConditioner General Co. (Anhui)Established air conditioner factory joint venture in Hefei. AnhuiProvince. $110 million. 8/95.Bosch-Siemens Hausgerate GmbH, a joint venture of RobertBosch GmbH and Siemens AG (Germany)/Wuxi Small Swan Corp. Ltd.(Jiangsu)Established Boxiwei Household Electric Appliances Co. jointventure to produce washing machines anti other householdappliances. $30 million. 7/95.Kimberly-Clark Corp. (US)/Beijing Economic TechnologicalInvestment and Development Corp.Will form joint venture to manufacture personal care productsanti Kotex feminine care products. (US:95%-PRC:5%) 7/95.Merloni Elettrodomestici SPA (Italy)/Haire Group (Shandong)Established joint venture in Qingdao, Shandong Province toproduce washing machines. (Italy: 10%-PRC:90%). $29.8 million.7/95.Thomson SA (France)/Changhong Television Corp. (Sichuan)Will establish joint venture to produce large-screen colortelevision sets. 7/95: OTHERGLF Investments Ltd., a division of Golden Sky VenturesInternational Inc. (Canada)/Qingdao Engineering Co. Ltd.(Shandong), Guangzhou Fuguang Co. Ltd.Formed agreement to distribute parking control devicesmanufactured by Canadian Parking Equipment Ltd 7/95.Simon's Furniture Group (US)Will open retail branches in Guangdong Province, Beijing, andTianjin. 7/95. Electronics and Computer Software CHINA'S IMPORTSMotorola Inc. (US)/Hangzhou Telecommunications Equipment Plant(Zhejiang)Sold total access communications systems (TACS) and groundstation equipment. $268 million. 7/95. INVESTMENTS IN CHINAHarris Semiconductor, a division of Harris Corp. (US)Will establish facility in Suzhou, Jiangsu Province to performfinal assembly and tests of integrated circuits. 8/95.Loral Corp. (US)/National Huayun Technology Development Corp., aunit of the Chinese Meteorological Administration (Beijing)Formed Beijing Huayun & Loral Radar Systems Co. joint venture toproduce advanced weather radar systems and Doppler radar.(US:51%-PRC:49%). 8/95.Polyclad Co., a subsidiary of Cookson Group PLC (UK)/NA(Liaoning)Established Dalian-Atlantic Co. joint venture to producelaminates for printed circuit boards. (UK:65%-PRC:35%). $15.5million. 8/95.Alps Electric Co, Ltd. (Japan)/Tianjin Zhonghuan Electric &Machine-Electric Component Corp.Established joint venture to produce computer keyboards andelectronic components. (Japan:80%-PRC:20%). $5 million. 7/95.Apple Computer, Inc. (US)/Legend Computer Group (Beijing)Will jointly establish Apple Software Development Research Centerto develop software for educational and personal use. 7/95.Matsushita Electric Industrial Co. (Japan)/NA (Shandong)Established joint venture to manufacture television sets forexport and formed research and development center for videoproducts. (Japan:50%-PRC:50%). $29 million. 7/95.NA (Switzerland)/Beijing Zhongan Electronics GroupEstablished Beijing Zhongan Fire-Control Electronics Co. Ltd.joint venture to produce 511-series electronic products for firecontrol. 7/95.NEC Corp. (Japan)/NA (Beijing)Will establish semiconductor plant to produce microchips. $140million. 7/95.Nippon Sheet Glass Co. Ltd. (Japan)Established Suzhou NSG Electronics Co. Ltd. wholly ownedsubsidiary in Jiangsu Province to produce sheet glass for LeDdisplays, copy machines, and fax machine lenses. $23.5 million.7/95. OTHERCompaq Computer Corp. (US)Will open representative offices in Shaanxi, Liaoning, andGuangdong provinces. 8/95.IBM Corp. (US)/Beijing Institute of Computer Application andSimulation Technology, an affiliate of China Aerospace Corp.Will jointly develop and sell Lotus Notes software. 8/95.MapInfo Corp. (US)Established office in Beijing for sales, marketing, and customersupport. 8/95.Toshiba Corp. (Japan)Established Toshiba (China) Co. Ltd. wholly owned subsidiary inBeijing to assist in investment, sales, and marketing. $30million. 8/95.Hewlett Packard Co. (US)/Shanghai Analytical Instrument FactoryFormed Hewlett Packard Shanghai Analytical Products joint ventureto conduct research on computer components. 7/95.Mobil Oil Hong Kong Ltd., a subsidiary of Mobil Oil Corp.(US)/Ningbo City (Zhejiang)Will donate $35,000 to establish computer center. 7/95.Motorola Asia Manufacturing Research Center (AMRC), a unit ofMotorola Inc. (US)/Qinghua University Computer IntegratedManufacturing Systems-Engineering Research Center (Beijing)Established project to jointly research and develop intelligentmachine maintenance tool software. 7/95.Packard Bell Electronics (US)/Beijing Wired #738 CommunicationsFactoryEstablished Beijing #738 Factory Baili Computer Systems Co. jointventure to distribute Packard Bell products in China. 7/95.Packard Bell Electronics (US), Cheflink (HK)/Seastar Group(Shaanxi)Will form representative office, service center, and retailstores to sell Packard Bell computers. 7/95.3Com Asia Ltd., a division of 3Com Corp. (US)/Baoshan Iron andSteel Complex (Shanghai)Will supply computer network products to Baoshan Iron and Steelfactories. 7/95.Tulip Computers (Netherlands)/Sun Tendy Software Co. (Beijing)Agreed to sell its computers bundled with Sun Tendy Chinese Star2.0 Chinese language operating system. 7/95.Unisys Corp. (US)/Founder Group Corp. (Beijing)Authorized Founder Group Corp. to become general distributor forUnisys personal computer products in China. 7/95.Unisys Corp. (US)/Huayang Co. (Beijing)Opened computer specialty store to sell and service Unisyspersonal computers. 7/95. Engineering and Construction INVESTMENTS IN CHINABoral Ltd. (Australia)/Shanghai Building Materials IndustryInvestment Development Corp.Established Boral Shanghai Building Materials joint venture toproduce and sell plasterboard. (Australia:60%-PRC:40%). $66.5million. 8/95.Toshiba Corp. (Japan)/Shenyang Elevator Works (Liaoning)Established joint venture to manufacture elevators andescalators. $10 million. 7/95.Yungtay Engineering Corp. (Taiwan), Hitachi Ltd. (Japan)Established Shanghai Yungtay Engineering Corp. to produceelevators. (Taiwan:74%, Japan:26%). $10 million. 7/95. OTHERAsea Brown Boveri (Holdings) Ltd. (Switzerland)Established .Asea Brown Boveri (China) Investment Ltd. holdingcompany in Beijing. 9/95.Arinc Inc. (US)Received contract to procure $30 million worth of products andservices for expansion of Harbin International Airport. 7/95.Exfort-Import Bank of South KoreaWill provide $118 million in loans to support Chinesegovernment-sponsored infrastructure projects. 7/95. Food and Food Processing INVESTMENTS IN CHINAIBP Inc. (US), Sand Livestock Systems (US)/NA (Shandong)Formed joint venture to develope integrated pork production,processing, and marketing operation in Zaozhuang. ShandongProvince. 8/95.Nestle Dairy Farm Holdings SA, a division of Nestle SA(Switzerland)/Guangzhou Peoples Food FactoryEstablished joint venture to produce anti market ice cream antichilled dairy products. (Switzerland:60%-PRC:40%). $6.1 million.8/95.Cadbury Schweppes PLC (UK)/NA (Beijing)Formed joint venture to produce candy. $50 million. 7/95.Coca-Cola Co. (US), Sire Pacific Ltd. (HK)/ClTICEstablished BC Development Co. joint venture in Hefei, AnhuiProvince to bottle soft drinks. $l3.5 million. 7/95.Ueshima Coffee Co. (Japan)/Dalian Food Industry Co. (Liaoning)Established joint venture to can coffee grown in Yunnan Province.(Japan:70%-PRC:30%). $5.3 million. 7/95.Weiquan Group Co. (Taiwan)/Heilongjiang Dairy FarmEstablished Heilongjiang Weiquan Dairy Products Co. equity jointventure to produce fresh and powdered milk. (Taiwan:70%-PRC:30%).$9.2 million. 7/95. OTHERFranx Supreme Restaurants, a division of Golden Sky VenturesInternational Inc. (Canada)Opened Wanton Noodle House restaurant in Guangzhou. 7/95. Foreign AssistanceUnited Nations Children's FundWill provide $20 million per year for the next five years toenhance childhood immunization and education programs. 9/95.Government of SwedenWill provide $70 million loan anti $5 million grant to fundtraining and participation for 19 projects in China, includingtelecommunications construction and metallurgy. $75 million.7/95.NA (Taiwan)Donated $400,000 in medicine and other relief for flood victims.7/95.World Bank/China National Salt Industry Corp. (Beijing)Approved $27 million loan for iodized salt production to helperadicate iodine deficiency disorders in China. 7/95. Machinery and Machine Tools CHINA'S IMPORTSMitsubishi Heavy Industries Ltd. (Japan)/Shanghai Theater Co.Sold machinery anti computer systems for stage equipment. 7/95. INVESTMENTS IN CHINAKobe Steel (Japan), Shinsho Corp. (Japan)/Yiyang Rubber MachineryCo. (Hunan)Established joint venture to produce tire presses.(Japan:35%-PRC:65%). $2.1 million. 8/95.Komatsu Ltd. (Japan), Marubeni Corp. (Japan), Teijin Seiki Co.Ltd. (Japan)/NA (Jiangsu)Formed Komatstu Changlin Foundry Corp. joint venture inChangzhou, Jiangsu Province to produce construction and forestrymachinery. (Japan:65%-PRC:35%).$21 million. 8/95.NSK Ltd. (Japan), Nichimen Corp. (Japan)/Guizhou Hongshan BearingGeneral Corp.Established Kunshan NSK Hongshan Co. Ltd. joint venture toproduce ball bearings for appliances and machinery.(Japan:90%-PRC:10%). $45 million. 7/95. Metals, Minerals, and Mining CHINA'S IMPORTSLong-Airdox Co., a subsidiary of Mormon Group (US)/Huaneng tealCorp. (HA)Sold mining equipment to develop the Shenfu-Dongsheng coal fieldin Inner Mongolia. $6.3 billion. 7/95. INVESTMENTS IN CHINASumitomo Electric Industries Ltd. (Japan)/NA (Guangdong)Established Zhongshan Sumiden Hybrid Products Co. Ltd. jointventure to produce aluminum for rice cookers and cooking stoves.(Japan:95%-PRC:5%). $4.5 million. 8/95.China Strategic Holdings (HK), MRI Co. (Australia)/NA (Beijing)Established joint venture to upgrade China's major coal mines.$200 million. 7/95.Kaiser Aluminum & Chemical Corp., a subsidiary of Maxxam Inc.(US)/China National Nonferrous Metals Industry Association(Beijing)Formed Yellow River Aluminum Industry Co. joint venture to smeltaluminum in Gansu Province. (US:49%-PRC:51%). $60 million. 7/95. OTHERIndustrial Bank of Japan, Sakura Bank Ltd. (Japan), Dai-IchiKangyo Bank (Japan), Sanwa Bank (Japan)Provided $20 million loan to China International Iron and SteelInvestment Co. to help finance modernization of China's steelindustry. 7/95. Packaging, Pulp, and Paper INVESTMENTS IN CHINASinocan Holdings Co. (HK/Shanghai CFC Development Co.Established Shanghai Sinocan Lianxing Metal Containers andPrinting Co. joint venture to produce two- and three-piece cansfor the domestic beverage, food, and chemicals industries.(HK:90%-PRC:10%). $15.5 million. 7/95. Petroleum, Natural Gas, and Related Equipment INVESTMENTS IN CHINALinde AG(Germany)/China Petroleum Technology and DevelopmentCorp. (NA)Formed venture to build plant at Tazhong 4 Oil Field in XinjiangAutonomous Region to process liquefied natural gas used togenerate electricity and produce chemical fertilizer. $8.9million. 9/95.Nissho Iwai Corp. (Japan), Petronas (Malaysia)/NA (Jiangsu)Formed Zhonghai Petronas NIC Oil and Gas Co. Ltd. joint venturein Jiangsu Province to market and distribute liquefied petroleumgas. (Japan:15%, Malaysia:20%-PRC:65%). $13.4 million. 8/95.Asian Infrastructure Development Co. (US)/Jinzhou PetrochemicalCo. (Liaoning)Established joint venture to produce oil byproducts.(US:50%-PRC:50%). $120 million. 7/95. OTHERChevron Corp. (US)/CNOOCWill jointly explore for oil in the South China Sea for atwo-year period. 8/95.Honeywell Inc. (US)/SINOPECAgreed to be sole supplier of advanced automation controls forSINOPEC oil refineries. $75 million. 8/95.Royal Dutch/Shell Group (Netherlands)Will move its regional office headquarters to Beijing by 1997.7/95. Pharmaceuticals INVESTMENTS IN CHINABecton Dickinson and Co. (US)/Suzhou Pharmaceutical Group Co.(Jiangsu)Established joint venture to produce health care and medicalproducts. $25 million. 8/95.Allergan, Inc. (US)/NA (Zhejiang)Will establish joint venture in Hangzhou, Zhejiang Province toproduce eye medicine. $27 million. 7/95.Bayer AG (Germany)/Beijing Economic Technological Investment andDevelopment Corp.Established Bayer Healthcare Co. Ltd. joint venture to producehealth care products. (Germany:95%-PRC:5%). $16.9 million. 7/95.ICN Pharmaceuticals, Inc. (US)/Tuobin Chemicals & PharmaceuticalsGeneral Corp. (Guangdong)Will form joint venture to manufacture pharmaceuticals.(US:75%-PRC:25%). 7/95. Ports and Shipping CHINA'S IMPORTSTai Chong Cheang Steamship Co. Ltd. (HK)Will build 73,000 dwt Panamax ship for Jiangnan Shipyard inBeijing. 8/95. INVESTMENTS IN CHINAGATX Terminals PTE Ltd., a division of GATX Corp. (US)/ SINOCHEM,Shandong Impart & Export Corp.Established Lanshan GATX Terminals Co. Ltd. joint venture tostore and transport petroleum and chemical products.(US:60%-PRC:40%). 8/95.Asian Infrastructure Development Co. (US)/Jinzhou Harbor (Group)Co. (Liaoning)Will jointly develop Jinzhou Port and related facilities.(US:50%-PRC:50%). $700 million. 7/95.Hutchison Delta Ports, a unit of Hutchison Whampoa Ltd.(HK)/Jiangmen Shipping Co. (Guangdong)Formed joint venture at Gaosha Port to operate cargo terminals.7/95. OTHERDHL Worldwide Express (US)/SINOTRANSWill open training center and 26 DHL drop-off office in Ningbo,Chengdu, Nanjing, Fuzhou, Xian, and Shijiazhuang. 7/95.Nisshin Transport Co., a subsidiary of Hitachi Transport SystemLtd. (Japan)Will provide long-distance shipping services for Japanesecompanies based in Liaoning Province. 7/95. Power Generation Equipment INVESTMENTS IN CHINACGC (France)/NA (Jiangsu)Formed joint venture thermal power plant in Jiangsu Province.$28.7 million. 8/95.American Community Energy Alternatives Inc. (US)/StateDevelopment Investment Corp. (Beijing), Gansu Electric PowerConstruction Investment & Development Co., Gansu Electric PowerCorp.Established Jinguan No. 2 Power Plant joint venture to add twoChinese-built 300,000KW generators to existing plant.(US:30%-PRC:70%) $302 million. 7/95.Mitsubishi Electric Corp. (Japan)/Xian High Voltage ApparatusWorks, a unit of China Xian Electric Group (Shaanxi)Established Xi Ling Electric Power Products Manufacturing jointventure to produce electric-generation machinery and establishedXidian Mitsubishi Electric Transmission & Distribution ProductsDevelopment joint venture to market, distribute, and sell thejoint venture's products. $1 million. 7/95.Toshiba Corp. (Japan), Mitsui Co. Ltd. (Japan)/ChangzhouTransformer Works (Jiangsu)Formed Changzhou Toshiba Transformer Co. Ltd. joint venture toproduce extra-high voltage transformers for power transmissionsystems. (Japan:61%-PRC:39%). $18 million. 7/95. OTHERWorld BankWill provide $400 million loan for the Ertan II hydroelectricpower project. 8/95. Property Management and Development INVESTMENTS IN CHINAChicago Airport Group (US)/Hainan Airport Co.Established joint venture to build and manage Meilan Airport inHaikou, Hainan Province. (US:49%-PRC:51%). $450 million. 8/95.First Pacific Davies Ltd. (HK)/China Shanghai Foreign TradeCenterEstablished property services joint venture to manage the Tin MooBuilding. 8/95.Global Development Management Corp. (US)/Beijing Vantone IndustryCo. Ltd.Formed Beijing Vantone Commercial Management Co. Ltd. jointventure to manage Vantone New World Plaza shopping center.(US:30%-PRC:70%): $1 million: 8/95.Obayashi Corp. (Japan), Camprenon Bernard SGE (France), ChevalierDevelopment International Ltd. (HK)/Shanghai ConstructionEngineering GroupWill jointly construct the Jin Mao Building. $440 million. 8/95.Safari World (Thailand)/Changping Tourism Administration(Beijing)Established joint venture to build and operate Great WallWonderland theme park in Beijing. (Thailand:90%-PRC:10%). $16.1million. 8/95.Yaohan International Holdings (Japan), East Light InvestmentCorp. (Singapore), International Merchandise Mart(Singapore)/Shanghai Nanfang MarketEstablished Shanghai Yaohan Nanfang Market joint venture tomanage 77,600 sq m store and wholesale distribution center inShanghai's Minhang district. (Japan:40%, Singapore:30%-PRC:30%).$70 million. 8/95.Sogo Co. (HK)/Beijing Junefield Real Estate Development Co.Will jointly build China's largest department store in Beijing:(HK:49%-PRC:51%). $60 million. 7/95. Telecommunications CHINA'S IMPORTSADC Telecommunications Inc. (US)/Hunan Posts andTelecommunications AdministrationSold digital transmission systems to upgrade Hunan Province'scable television equipment. $14 million. 8/95.Martin Marietta Overseas Corp., a subsidiary of Lockheed MartinCorp. (us)Awarded contract to build. ChinaStar- A2100 advancedcommunications satellite for China Orient Telecom Satellite Co.Ltd. $100 million. 8/95.Scientific-Atlanta Inc. (US)/MOFTECWill sell satellite equipment to upgrade information exchangeswith companies. $10 million. 8/95.IBM Corp. (US)Will supply ATM digital telecommunications network for use byChina National Cereals, Oils and Foodstuffs Import & Export Corp.$2 million. 7/95.Northern Telecom (Canada)/Shanghai Posts and TelecommunicationsAdministrationSold three DMS-STP systems to speed construction of CCS7 voiceand data network. 7/95.Siemens AG (Germany)/Nanfang Transmission Systems Co., Ltd. (NA),MPTWill jointly supply synchronized digital hierarchy (SDH)equipment to expand service between Shanghai and Guangzhou. $14million. 7/95. INVESTMENTS IN CHINAAmeritech China Co., a subsidiary of Ameritech Corp. (US)/Zhonghua Telecom System Ca. (Beijing)Established Beijing Huamei Tech Telecom Engineering Co. jointventure to build a telecommunications network and establishexchange office in Taiyuan, Shanxi Province. $20 million. 8/95.Ameritech Corp. (us)/China Communications System Co. Ltd. (NA)Established joint venture to provide both cellular telephonesystems and conventional telephone linen in Shanxi Province.8/95.AT&T (US)/Hisense Electron? Corp., a unit of Qingdao ElectronicsInstrumentation industrial Co, (Shandong), Shandong Posts andTelecommunications Administration, Qingdao Posts andTelecommunications Bureau (Shandong), ClTIC, China ElectronicsCorp. (Beijing)Established. AT&T Qingdao Telecommunications Systems, Ltd. jointventure to design, develop, market, and produce the 5ESSswitching system. $100 million. 8/95.Datacraft Asia (HK), Network Equipment Technologies Inc. (US)/Shaanxi Posts and Telecommunications AdministrationWill build digital data network and establish network supportoffice in Xian, Shaanxi Province. 52.5 million. 8/95.IBM Corp. (US)/Shanghai Posts and TelecommunicationsAdministrationWill jointly build telecommunications network using IBM'sbroadbelt switchboard and other components. $21 million. 8/95.NEC Corp. (Japan)/Benxi Communications and Electrical ApplianceIndustry Corp. (Liaoning)Established Benxi NEC Communications Co. joint venture to producetelecommunications lines and exchanges. (Japan:40%-PRC:60%). $4.2million. 8/95.Alcatel Alsthom Compagnie Generale d'electricite (France)/BeijingTelecommunications AdministrationWill build 1000AX experimental multimedia and high-speed datatransmission communications network. 7/95. OTHERAT&T Microelectronics, a division of AT&T (US)Established microelectronics business office in Shanghai toprovide technical support to Chinese partner companies. 8/95.Societe Generale (France)/People's Construction Bank of ChinaWill supply $27 million loan to support Wuhan Posts andTelecommunications Bureau purchase of Alcatel 1000E 10 switchingequipment in Hubei Province. 7/95.Telefon AB LM Ericson (Sweden)/Shandong Posts andTelecommunications AdministrationWill deliver and install GSM mobile phone systems throughoutShandong Province. $17 million. 7/95. Textiles and Apparel INVESTMENTS IN CHINAAsahi Chemical Industry Co. (Japan), Itochu Corp. (Japan), WacoalCorp. (Japan)/NA (Zhejiang)Formed joint venture to process polyurethane thread. $8.2million. 8/95.E.I. du Pont de Nemours & Co. (US)/China Worldbest DevelopmentCo. (Shanghai), Huayuan Industrial Co. (Shanghai)Established Du Pont Fiber (China) Co. joint venture to producespandex fiber. (US:90%-PRC:10%). $90 million. 7/95.Toray Industries, Inc. (Japan), Itochu Corp. (Japan), TorayIndustries Hong Kong, Inc. (HK), Hexa Chemical Corp. (Japan)Established LIBI Plastic Compotmding Co. wholly foreign-ownedenterprise in Shenzhen to manufacture plastic compounds.(Japan:95%, HK:5%). $11 million. 7/95. Transportation CHINA'S IMPORTSAirbus Industrie (France)/China Eastern Airlines (Shanghai)Sold five A340 long-distance airplanes. 7/95. INVESTMENTS IN CHINAFord Motor Co. (US)Purchased 40 percent share in Jiangling Motor Corp., amanufacturer of trucks, vans, and minibuses in Jiangxi Province.$40 million. 8/95.Itochu Corp. (Japan)/Beijing Light AutomobileWill jointly expand production of tracks and automobiles atBeijing Light Automobile Co. (Japan:20%-PRC:80%). $19.3 million.8/95.Kymco Co. (Taiwan)/Summit Motor Co. (Tibet)Established Summit-Kymco Motors Co. in Lhasa, Tibet AutonomousRegion to produce motor engines. (Taiwan:500/0-PRC:50%). $48million. 8/95.Mitsui Mining and Smelting Co. Ltd., an affiliate of Mitsui Co.,Ltd. (Japan)/Chinese General Aeronautics Co. (NA)Will establish joint venture in Guiyang, Guizhou Province toproduce automobile pans. (Japan:60%-PRC:40%). $2.7 million. 8/95.MP International Corp. (US)/First Automotive Works (Jilin)Established joint venture to produce lead and zinc die castingsfor automobiles. (US:80%-PRC:20%). $14 million. 8/95.Robert Basch Corp. Ltd. (Germany)/Zhonglian AutomobileElectronics Corp. Ltd. (Shanghai)Formed joint venture to produce controlling systems forautomobile engines. $320 million. 8/95.Siemens AG (Germany)/Dongfeng Motor Corp. (Shanghai)Established Shanghai Siemens Automobile Motor Co. in Pudong tomanufacture automobile motors. $14 million. 8/95.Yamaha Motor Co., Ltd., a subsidiary of Yamaha Corp.(Japan)/China National South Aeroengine Co. (Hunan), XianglingMachinery Factory of Aviation Industry (Hunan)Established joint venture in Zhuzhou, Hunan Province to producemotorcycle shock absorbers. (Japan:50%-PRC:50%). $9.98 million.8/95.Airbus Industrie (France)/China Aviation Supplies Corp. (Beijing)Formed joint venture to establish training and service center atBeijing Capital Airport. $50 million. 7/95.Coslink Pd (Singapore), Air Express International PTE (HK)/Shanghai United International Air Freight Co., BeijingInternational Ocean Freight Forwarding Co.Established joint venture in Shanghai to handle international airtransport, storage, and transfer services. $1.4 million. 7/95.DAF Trucks NV (Netherlands)/MPTEstablished joint venture in Guangdong Province to assemblepostal delivery vans. 7/95.Daimler-Benz AG (Germany)/Nanfang South China Motor Corp.(Guangdong)Established joint ventures in Hainan and Guangdong provinces tobuild mini-vans. (Germany:45%-PRC:55%). $1 billion. 7/95.Daimler-Benz AG (Germany)/Yangzhou Motor Coach Manufacturing Co.(Jiangsu)Established joint venture to produce touring coaches and busundercarriages. $50 million. 7/95.Ford Motor Co. (US)/First Automotive Works (jilin)Established First Automotive Works-Ford United Aluminum RadiatorCo. Ltd. in Changchun, Jilin Province to produce radiators forVolkswagen and Audi cars produced in Shanghai by First AutomotiveWorks. (US:50%-PRC:50%). $22.2 million. 7/95.ITT Automobile Industry Co., a division of ITT Corp. (US)/Shanghai Automotive Industry Corp.Formed joint venture to produce advanced braking pans forautomobiles. $25 million. 7/95.Kia Motors Corp. (S. Korea), Kia Service Co. (S. Korea)/NA(JilinlWill establish joint venture in Yanchi, Jilin Province to sellspare automobile parts. $2.6 million. 7/95.Kumho & Co. (S. Korea)/Nanjing Tire Works (Jiangsu)Will establish joint venture to produce tires. $120 million.7/95.Mitsui Co. Ltd. (Japan)/Huayang Electrical Engineering Plant, aunit of Guizhou Aviation Industry GroupFormed Mitsui-Huayang Automobile Parts Co. Ltd. in Guiyang,Guizhou Province to produce car locks and other automobile parts.(Japan:60%-PRC:40%). $4.5 million. 7/95.Nissan Diesel, an affiliate of Nissan Motor Co. (Japan), SumitomoCorp. (Japan), Tan Chong Group (Malaysia)/ Dongfeng Motor Corp.(shanghai)Established joint venture in Hangzhou, Zhejiang Province toproduce buses, trucks, and automobile parts. $34.3 million. 7/95.Philips Electronics NV (Netherlands)/Hubei Automotive BulbsFactoryEstablished joint venture to produce lighting fixtures forautomobiles and motorcycles. (Netherlands:70%-PRC:30%). $29.8million. 7/95.Porsche AG (Germany)/Zhongyuan Internal Combustion Engine Plant(Henan)Established joint venture to produce automobile engines.(Germany:40%-PRC:60%). $72 million. 7/95.Rolls-Royce PLC (UK)/CAACWill establish joint venture to produce components forRolls-Royce engines. 7/95.SAIAG Joint-Stock Corp. (Italy)/Shanghai Automobile IndustrialCorp., Shanghai Yongying Industrial Corp.Formed joint venture to produce rubber sealing elements forVolkswagen and other cars. (Italy:30%-PRC:70%). $36 million.7/95.Sikorsky Aircraft Corp., a subsidiary of United TechnologiesCorp. (US), Embraer Corp. (Brazil), Mitsubishi Heavy IndustriesLtd. (Japan), Gameas Corp. (Spain), Taiwan Aerospace/JingdezhenHelicopter Group (Jiangxi)Will jointly manufacture S-92 Helibus helicopters for civilianuse. 7/95. OTHERThe Boeing Co. (US)/China Civil Aviation College (Sichuan)Donated two Boeing-737 flight simulators for aircrew training.$36 million. 7/95.Rolls-Royce PLC (UK)Established wholly owned subsidiary investment company. $30million. 7/95. Miscellaneous INVESTMENTS IN CHINAMitsubishi Corp. (Japan), Li and Fung Ltd. (HK), LG Group (S.Korea)/NA (Guangdong)Will establish Lifung Distribution Centers Ltd. in Guangzhou.$120 million. 8/95. OTHERAmerican Express Co. (US)/China International Travel Service(Beijing)Opened American Express Business Travel Center in Beijing to sellairline and rail tickets, and book tours. 7/95.Simmons & Simmons Law Offices (UK)Granted license to open office in Shanghai. 7/95.City of Osaka (Japan)Will establish "Business Partner Cities" relationship withShanghai. 7//95.Abbreviations used throughout text: BOC: Bank of China; CAAC:Civil Aviation Administration of China CNAIEC: China NationalAutomotive Import-Export Corp.; CATIC: China NationalAero-Technology Import-Export Corp.; CITIC: China InternationalTrust and Investment Corp.; CITS: China International TravelService CNOOC: China National Offshore oil Corp.; ETDZ: Economicand Technological Development Zone; ICBC: Industrial andCommercial Bank of China; MPT: Ministry of Posts andTelecommunications; NA: Not Available; NORINCO: China Northindustries Corp.; P&T: Post and Telecommunications; PBOC:People's Bank of China; SEZ: Special Economic Zone; SINOCHEM:China National Chemicals Import-Export Corp.; SINOPEC: ChinaNational Petrochemical Corp.; SINOTRANS: China National ForeignTrade Transportation Corp.; SPC: State Planning Commission; UNDP:United Nations Development Program.
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By Alan R. Kahn
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