BUSINESSWEEK ONLINE : MAY 8, 2000 ISSUE
INTERNATIONAL -- ASIAN COVER STORY Why China Must Develop the West CREATE new markets for Chinese goods to alleviate the country's heavy dependence on exports BOOST flagging consumer spending to stimulate economic growth PROVIDE new jobs for tens of millions of unemployed, as well as future job seekers laid off from state-owned enterprises THE STRATEGY -- Spend hundreds of billions of dollars on infrastructure -- Lure foreign investment with tax incentives and low labor costs -- Attract Chinese companies from the coast by cutting land fees THE KEY CHALLENGES -- Lack of adequate infrastructure in remote provinces -- Waste and corruption that plague new infrastructure projects -- High social welfare burden in the old industrial enterprises DATA: Business Week _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _					RELATED ITEMS China's Wealth Gap (int'l edition) ASIAN COVER IMAGE: China's Wealth Gap MAP: China's Poorest Provinces TABLE: Why China Must Develop the West Where the Future Is Made of Wood (int'l edition) INTERACT E-Mail to Business Week Online

Copyright 2000-2009, by The McGraw-Hill Companies Inc. All rights reserved. Terms of Use   Privacy Notice