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Planners in the northern city of Dalian are among the most enlightened in China. Yet while they are creating a green and dynamic environment, Japanese investors are starting to move south.

Dalian’s planners have helped to create a green and dynamic environment for local inhabitants and foreign investors.

Foreign manufacturers have been quick to exploit the motorcycle boom, writes SRG, but this has created overcapacity and will lead to consolidation of the industry.

Convertibility has led to increased scrutiny by the exchange authorities ‘to make sure that transactions which should be under the non-convertible capital account are not dis guised under the current account.

China’s currency is now partly convertible and it should be fully convertible by the year 2000. The implications for foreign investors during this transition period warrant careful analysis.