FOCUS Investment Patterns in Depth

Business Over Politics
US firms in China are benefiting from expanding-if still indirect-Taiwan-PRC commercial ties.
Xiangming Chen

When MNCs Come to China, Who Changes Whom?
Home-country management styles adapt to the Shanghai marketplace.
John Z. Yang, John Farley, and Scott Hoenig

Location, Location, Location
A new study reveals that a foreign firm's success may hinge on where in China it sets up shop.
Amy Yingli Liu, Shaomin Li, and Yuxian Gao

FEATURES

China's Changing Foreign-Exchange Regime
Clearing away the fog of new foreign-exchange rules.
Thomas E. Jones and Margaret M. Maher

Old Methods, New Terrain
Foreign companies make the most of China's slim M&A pickings.
E. Anthony Zaloom and Liu Hongchuan

At a Premium
Foreign companies are lining up to gain access to China's insurance market.
Ji Chen and Stephen C. Thomas

No More Excuses
Contrary to popular belief, unpaid debt in China can be recovered.
Edward E. Lehman and Brinton M. Scot t

Cover design by Jon Howard

Departments

Trends & Issues
Trade, IPR, China's retail markets, polyester production, and more

Letter from the President
WTO This Time?

WWW.China
Hong Kong tenders, MOFTEC, and life in Shanghai

Council Activities
Forecast '99 in Washington, IPR in Beijing, and Y2K in Shanghai

Commentary
A Recipe for Structural Reform Chi Lo

Bookshelf
Two reports from the Institute for International Economics, a contrarian view of state-enterprise reform, and a stock market primer

China Business

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