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ADVISORY/Beijing Won't Bailout Foreign Investors.


--(BUSINESS WIRE)--Oct. 27, 1998--

TOPIC: Finance minister Xiang Huaicheng warned foreign banks that the Chinese government Ever since Republic of China founded in January 1st, 1912, China has had several regional and national governments. List
  • Chinese Soviet Republic
  • Provisional Government of the Republic of China
  • Reformed Government of the Republic of China
 will not be responsible for honoring investments made in China. He reminded investors to carefully study Chinese laws Chinese law

Law that evolved in China from the earliest times until the 20th century, when Western socialist law (see Soviet law) was introduced. The oldest extant and complete Chinese law code was compiled in AD 653 during the Tang dynasty.
 before investing in the region. This statement comes in a bid to rid China's financial system of corruption by forcing other investment groups to protect their own investments.

EXPERTS: ExpertSource can offer several highly qualified experts to comment on this story:

Professor Richard Eckaus is professor of Economics at MIT MIT - Massachusetts Institute of Technology . Among his publications is a manuscript entitled en·ti·tle  
tr.v. en·ti·tled, en·ti·tling, en·ti·tles
1. To give a name or title to.

2. To furnish with a right or claim to something:
: "Economic Reform and the Opening of the Chinese Economy to International Trade and Finance".

Professor Yasheng Huang is an assistant professor of political science at the University of Michigan (body, education) University of Michigan - A large cosmopolitan university in the Midwest USA. Over 50000 students are enrolled at the University of Michigan's three campuses. The students come from 50 states and over 100 foreign countries. . His area of expertise is the political economy of China and, in particular, foreign direct investments.

Professor Jiang Zhaodong of the Chinese University of Hong Kong The motto of the university is "博文約禮" in Chinese, meaning "to broaden one's intellectual horizon and keep within the bounds of propriety".  School of Business is an expert in Chinese investment, business and commercial law.

Ms. Marina Gorbis is Director of International Programs at SRI International (company) SRI International - One of the world's largest contract research firms. Founded in 1946 in conjuction with Stanford University as the Stanford Research Institute, they later became fully independent and were incorporated as a non-profit organisation under U.S.  which has several major programs in China in co-operation with the PRC government.

-0-

ExpertSource cannot guarantee the immediate availability of these experts or their familiarity with this specific issue.

Journalists seeking to interview any of these experts can obtain contact information by visiting the ExpertSource website: http://www.businesswire.com/expertsource. ExpertSource, a collaboration of Business Wire and The Round Table Group, provides academic and industry experts to the media at no charge. Journalists are encouraged to submit queries to ExpertSource when seeking experts on specific subjects. An online registration form is available at the above web address.

Business Wire's Virtual Press Club provides working journalists many free media services. Please visit the BW Media Resource Center at (www.businesswire.com) for more information.
COPYRIGHT 1998 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1998, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Oct 27, 1998
Words:296
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