FOCUS The Balancing Act

The Rise of Venture Capital in China
Venture capital plays a small but growing role in China investments.
Paul H. Folta

Part I: Venture Capital in China and Asia

Part II: Venture Capital Cases

Banking on China
Step by step, inch by inch, China's banking reforms continue.
Ji Chen and Stephen C. Thomas

Financing Agricultural Equipment on Credit
Though still rare, financing for agricultural purchases is becoming more feasible.
Roy McCall

FEATURES

Leader of the Pack
Twenty years after opening its doors to foreign investment, Guangdong Province still has what it takes to attract foreign businesses.
Darlene M. Liao

The Tourism Engine
Travel and tourism will increasingly drive the economies of China and Hong Kong.
Scott Wayne

American Architects in Hong Kong
US firms' commercial experience gives them an advantage in Hong Kong's architectural services market.
Alex Lui

Commerce Made Easier?
New regulations offer opportunities for foreign investment in retail and wholesale ventures.
Andreas Lauffs and Stephen Lin

Cover design by Greg Berger

DEPARTMENTS

Short Takes
China and Hong Kong protect intellectual property; foreign firms' profits creep up; Chinese view American culture

Trends and Issues
Unicom struggles

China's Government Structure
A chart of who's who as of late 1999

Commentary
A Practical Education
Seth Kaplan

Council Activities
Council hosts PRC Finance Minister, NPC delegates, and TEDA; Y2K breakfast served in Shanghai

Websites
Trade Compass, Shanghai government, and foreign investment

China Business

Classified Ads
A new, expanded section