FOCUS: APEC IN CHINA

Letter from the Minister of Foreign Affairs, The People's Republic of China

His Excellency Tang Jiaxuan
Letter from the Chairman of the US-China Business Council

Frederick W. Smith, Chairman and Chief Executive Officer, FedEx Corporation
Letter from the Chairman of the China Council for the Promotion of International Trade

Yu Xiaosong
Letter from the President of the US-China Business Council

Robert A. Kapp
APEC Data

Basic economic data for each APEC economy
Compiled by CBR staff

Business: The Key to APEC Success

The private sector lends crucial support and experience to APEC initiatives.
Ernest Micek, Paul Song, and Sy Sternberg
Plus: APEC Calendar, September-October 2001

The Shanghai Model Port Project

Shanghai's Customs overhaul will set the standard for the rest of APEC.
Michael C. Mullen

A Step Toward an Open Aviation Marketplace

Five APEC economies lay the groundwork for open skies in the Asia-Pacific region.
Mark L. Gerchick

The APEC Food System

APEC sets its sights on liberalizing trade in food without undermining food security.
Robbin S. Johnson and Ernest Micek

Natural Gas: Fuel for the New Economy

China's natural gas policies could be a model for other APEC economies.
Charles R. Williamson
Plus: Energy Consumption and Production in APEC,
APEC's Energy Group

Shanghai Snapshot
This year's host city has ambitious plans to meet the demands of modern business.
Iain McDaniels and Sophie Zhao
Plus: Shanghai Basics, 2000; Quick Take on Financial Services; Shanghai's Tenth Five-Year Plan; and Shanghai's Top Leaders
FEATURES
Investment Report
Mergers and Acquisitions in China

Recent M&A developments open up a host of new opportunities for foreign firms.
Patrick M. Norton and Howard Chao
Plus: The State Approval Process for Foreign-Invested Enterprises

The AMCs' Debt-For-Equity Swaps: Opportunities for Foreign Capital?

The pros and cons of buying into China's failing state-owned enterprises.
Nicholas C. Howson
Plus: China's Banking Crisis and the AMCs

Marketing
Reaching China's Middle Class Through Retail Pharmacies

An oft-overlooked retail outlet shows promise for manufacturers of personal-care products.
Judy Zakreski and Fred He
Plus: How to Bring a Product to Market: Product Registration and Other Legal Issues

Telecommunications
PRC Regulation of Foreign Telecom Equipment and the WTO

China has yet to bring its regime into full compliance with World Trade Organization rules.
Jamie P. Horsley

Council Bulletin
Short Takes
The new US ambassador to China takes up his post, China's top retailers, and more
Trends and Issues
US Business Supports China's Legal Development
Plus: US-China Legal Cooperation Fund Synopsis of Grants Awarded 1999-2001
Reviews
China's rural economy, a comparison of FDI in two transitional economies, two guides to doing business in China, and foreign investors in their own words
China Business
Classified
Last Page
Olympian Summer
Brian Goldstein
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