Although the original beneficiaries of China’s economic reforms, China’s farmers now face gloomy growth forecasts and crippling tax burdens. We look at the steps being taken to reform the agricultural sector, and at what can be done to persuade farmers not to abandon their fields for the increasingly lucrative rewards of urban industry.
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Here to stay
Holiday Inn is the largest international hotel chain in China, with hotels as far flung as Urumqi and Kunming. We talked to Bernd Riegger, vice president for China operations, about the group’s progress and its bid to win the custom of the local Chinese.
A rush of energy
China has opened up the opportunities in its power sector to foreign investors at a pace that has astounded observers. With 100 per cent foreign ownership of power stations permitted, and with 32 Chinese counties still without electricity, the prospects for foreign companies are enormous. Frank Gray assesses the bold steps China is taking to reverse the current situation of its energy supply lagging hopelessly behind demand.
Destination China
China is becoming increasingly important to Dragonair, the Hong Kong-based airline, and now represents more than eighty per cent of its business. We talked to Simon Heale, the airline’s chief operating officer.
Karen Hu of the first foreign insurance company to gain a licence in China, American International Group (AIG), assesses the changes that China’s insurance market is currently undergoing and offers advice for the insurance purchaser on the mainland.