BUSINESSWEEK ONLINE : DECEMBER 6, 1999 ISSUE
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INTERNATIONAL -- ASIAN BUSINESS WTO: A Cautionary Tale THE INVESTMENT Some of the world's biggest telecom service providers sank $1.4 billion into ventures with China Unicom, the No. 2 phone company. THE PROBLEM The investment was technically illegal, even though officials let it happen. THE HOPE The foreign investors figure that a WTO agreement will legitimize and protect their investments. THE REALITY The Chinese deny that WTO has anything to do with the Unicom investments--and demand that the foreigners withdraw _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _					RELATED ITEMS China: Will WTO Help? (int'l edition) TABLE: WTO: A Cautionary Tale INTERACT E-Mail to Business Week Online

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