By Wenxian Zhang
This exhaustive source presents accomplished insurance of the most important gamers within the chinese language economic climate because the reform period, which all started in 1978. It contains two hundred entries in brief summarizing every one individual's existence and profession, with a primary specialize in his or her accomplishments and the main roles performed within the financial improvement of China. The emphasis of the publication is at the movers and shakers of China's new financial system, highlighting extraordinary figures from either the preliminary financial liberalization interval and the renewed development from the early Nineteen Nineties to the current time. This helpful dictionary is the results of collaborative efforts around the globe. Over 40 students from the U.S., mainland China and Taiwan, uk, Germany, France, Norway, Israel and Malaysia contributed.They conceal the whole spectrum of chinese language industries from banking, finance and funding, genuine property, transportation and infrastructure, to production, telecommunications, media, agriculture, vehicle, pharmaceutical, foodstuff, exchange, carrier and retail industries. The ebook contains not just company leaders from mainland China, but additionally marketers from Hong Kong, Taiwan and Southeast Asia who've powerful ties with the chinese language economic system. due to the key roles they performed in financial improvement, a few major economists and high-ranking executive officers also are incorporated. The editors don't shrink back from debatable figures, whose activities have had profound affects at the chinese language economic system, and who could have gotten into criminal difficulties later of their career.An index of Chinese-to-English names is supplied for cross-reference function. students, practitioners and librarians in overseas company, entrepreneurship and Asian stories will locate this quantity an important addition to their reference shelf.
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Additional info for Biographical Dictionary of New Chinese Entrepreneurs and Business Leaders
Though an advocate of markets, Chen was firmly committed to socialism and not to capitalism. Chen favored economic growth and was ready to use Western technology and even capital to accomplish this. But he was also very suspicious of the influence of foreigners and concerned about retaining socialism as the ultimate goal for China. His conservatism about the capitalist features of China’s economic reform resulted in his resignation from the Central Committee in 1982. Nonetheless, he retained considerable influence until 1989 and the Tiananmen Square crisis.
He was among the first group of private entrepreneurs to purchase state-sector enterprises, investing in six bankrupt state-owned factories in Shanghai in 1992. Using the financial market as leverage, Chen subsequently built up a food and beverage business. In 2000, in partnership with local government in Heilongjiang Province, he invested 300 million yuan (US$36 million) in the development of a new mineral water product line, which had a design capacity of 300 000 to 500 000 tons annually in three years.
In 1978, Cheng secured a license from the Malaysian government. He pumped in RM12 million to expand the size of the steel mills in Malaysia and invested in another two production lines in 1983. 8 million tons by 2009. ’ The Lion Group was listed on the Kuala Lumpur Stock Exchange in 1981. The growth of the Malaysian economy and the rise in the price of steel fueled the Lion Group’s prosperity in the 1980s. Using the lucrative profits earned from the steel business, Cheng carried out some management takeovers between 1986 and 1988 on some ailing retail firms in Malaysia.