Word: penge
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Even this tradeoff may prove unyielding. Last week the state-owned Aviation Industry of China announced it was granting a contract worth an estimated $2 billion to a Europe-Singapore consortium to build 100-seat jetliners. And in April, during a visit to Paris, Prime Minister Li Peng also snubbed Boeing by approving a deal to buy 33 French-built Airbus planes. It was a not so subtle message to the U.S. to back off its criticism of China's trade and human-rights policies...
...quick to label it a law-enforcement matter and say, "I don't see why this needs to complicate U.S.-China relations." But there are suspicions. Norinco, the Chinese company that manufactured the AK-47s, is a vast military complex supervised by the State Council, headed by Premier Li Peng. The company that sold the weapons, Poly Technologies, is a trading company directed by officials with links to the armed forces and the leading political families in Beijing. One of its executives, He Ping, is married to Deng Xiaoping's daughter. The two companies denied any involvement with the smuggling...
BEIJING: With China and the U.S. at odds over a variety of issues, including Taiwan, human rights and trade, China's Premier Li Peng has been courting potential allies. This week's candidate: Russian President Boris Yeltsin, in China Wednesday. "For Beijing, this is a way to play the Russia card in light of China's problems with the U.S.," Beijing bureau chief Jaime FlorCruz says. "As Li Peng played the French card by giving lucrative airplane deals a couple of weeks ago, China is dangling trade and other possible relations with Russia as a way of telling Washington that...
...CANDIDATES] Lee Teng-hui, President Lin Yang-kang, Conciliatory to China Peng Ming-min, Advocate of outright independence...
MORE RELIABLY THAN ANY MARKET ANALYST, EVERY STEP and misstep in the undiplomatic dance between Taiwan and Beijing can foretell major moves in the Taipei stock exchange. Last week, when the Hong Kong press reported that Chinese Premier Li Peng would announce a timetable for reunification in a key speech, share prices tumbled 3.5%, and the Taiwan dollar took a beating. The next day, when Li made no mention of this schedule, prices rebounded on a wave of buying...