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China's Hot Spots

XINJIANG PROVINCE
State-owned China National Petroleum is expected to tap international stock markets to finance oil exploration in this desert area.

CHONGQING
The city of Chongqing is forming a company out of an array of government-owned businesses. It plans to seek a Hong Kong listing for the conglomerate's shares.

TIANJIN
Foreigners are pouring billions of dollars into modernizing this port city. Big investors include New World Development and Motorola.

BEIJING
China's four biggest state-owned banks may need to raise $30 billion to recapitalize themselves. China National Aviation, which already owns a stake in Hong Kong's Dragon Air, is raising $100 million in a Hong Kong stock listing.

SHANGHAI
More than $30 billion in government and private money is being used to develop the Pudong district as a financial center and high-tech manufacturing base for multinationals.

GUANGDONG PROVINCE
The Shenzhen stock exchange plans a big boost in market capitalization. China Telecom plans a $2 billion share offering to expand a cellular-phone network in the Province.

HUBEI PROVINCE
The Three Gorges dam, a $24 billion project to ease flooding on the Yangtze River, is to be completed by 2009. It will provide hydropower and improve marine transportation.





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Updated Sept. 18, 1997 by bwwebmaster
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