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In the Bulletin
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February 2002 Issue

2002 Chinese new year:
The Year of the HORSE
The Year of the
Horse generally symbolises strong economic activity. Fung Shui master Raymond Lo says
he believes the economy should pick up this year, but warns of ongoing international
conflict
The Year of the Horse,
which begins on February 12, is the seventh animal in the Chinese Lunar calendar cycle of
12 different animals, each of which has a typical characteristic. A horse year is
generally thought to be a good one, a year of strong economic growth and career
advancements for those who work hard.
More >>
Consumers want "quality" service
Conventional wisdom
has it that unless there are customers there is no business. But if customers are so
important, why is it that the Consumer Council reported an increase in the number of
complaints for the third consecutive year for 2001? More
>>
Three is still company
Mainland China and Taiwan's entry
into the World Trade Organisation (WTO) is expected to push both sides towards
establishing direct trade and economic exchanges across the Taiwan Strait sooner rather
than later. More >>
Face to Face with Taipei's Director-General of
the Board of Foreign Trade Wayne Wu
On January 1, 2002, Taiwan was formally admitted
into the World Trade Organisation (WTO). The international trade body had approved
Taiwan's application on November 11, 2001, at its Ministerial Conference in Doha, Qatar -
one day after granting membership to China. To understand the significance of Taiwan's
accession to the WTO, Don Shapiro spoke to a leading member of the delegation to the Qatar
meeting, Director-General Wayne W. Wu of the Board of Foreign Trade. Following are
excerpts from that interview. More >>
China relaxes restrictions
on employment agencies
For many foreign human resources consultancy companies, the waiting is finally
over. Under the new Provisional Regulations on Administration of the Establishment of
Chinese-Foreign Joint Equity and Chinese-Foreign Co-operative Employment Agencies
(Provisional Regulations), foreign investors with experience in the industry will be
allowed to run job introduction businesses, by way of Sino-foreign joint venture - equity
joint venture (EJV) or co-operative joint venture (CJV). More
>>
SME funding scheme launched
The government has launched four funding schemes to help local small- and
medium-sized enterprises (SMEs) cope with the economic slowdown and enhance their
competitiveness, Eugene Fung, assistant director general of the Trade and Industry
Department, told Chamber members during a roundtable luncheon on January 9. More >>
Hong Kong Eco-Business Awards
Some of Hong Kong's brightest green companies were honoured for their
contribution to protecting the environment at the 2001 Hong Kong Eco-Business Awards, held
on January 21, at the Hong Kong Convention and Exhibition Centre. More >>
VeriSign's expanding empire
There is little dispute that the dot-com gold rush is now well and truly over.
The industry is undergoing a healthy consolidation and the young dot-com entrepreneurs are
focusing on B2B - which is now a pun for "back to business-school." More >>
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