| Author: | Clifford, M. |
| Title: | The road to China |
| Journal: | Business Central Europe
1995 : NOV 13, VOL. 3434:764, p. 40-43 |
| Index terms: | ECONOMICS FUTURE CHINA |
| Language: | eng |
| Abstract: | Cheng Yu-tung plays by a different set of rules in China. The Hong Kong property magnate did not bother to wait for approval from Beijing, for example, before starting construction on a $420 million addition to a power plant in Guangdong province two years ago. Since an offshoot of the provincial government was a partner in the deal, Cheng was confident Beijing would come around. Sure enough, in September, he finally got the O.K. Now, with the Zhuijang plant nearly ready to begin operating, the chairman of New World Development Co. still doesn't have an agreement on pricing. |
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