Balancing Foreign Exchange

Davis, Virginia, Yi, Carlos, The China Business Review

The amount of newly contracted foreign investment in China exceeded $11 billion last year, a 68 percent increase over 1990 levels. This dramatic rise reflects the recovery of the Chinese economy since the events of mid-1989, the thawing of relations between the mainland and Taiwan, and a growing consensus among investors that prospects for solving what is arguably the most important issue facing joint ventures in China--balancing foreign exchange receipts and expenses--have improved. This is largely due to the experience gained by foreign companies over the past decade and increased flexibility on the part of the Chinese government in recent years. In the words of one foreign …

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Publication information: Article title: Balancing Foreign Exchange. Contributors: Davis, Virginia - Author, Yi, Carlos - Author. Magazine title: The China Business Review. Volume: 19. Issue: 2 Publication date: March/April 1992. Page number: 14+. © U.S.-China Business Council Mar/Apr 2009. Provided by ProQuest LLC. All Rights Reserved.

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