The Long March: To Invest Successfully In China, Foreigners Find Patience Crucial --- Inflation, Slowing Economy And General Uncertainty Defeat Many Companies --- A Costly Retreat by AT&T

TIANJIN, China -- These are trying times for foreign investors in China, though a visitor to Motorola Inc.'s gleaming factory here might never guess it. The modern building, part of the U.S. electronics company's $300 million commitment to China so far, is standard Motorola issue. Technici...

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Bibliographic Details
Published inWall Street journal. Europe
Main Author By Craig S. Smith and Marcus W. Brauchli
Format Newspaper Article
LanguageEnglish
Published Brussels Dow Jones & Company Inc 28.02.1995
EditionEurope
Subjects
Economic reform
Restaurants
Trade disputes
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Summary:TIANJIN, China -- These are trying times for foreign investors in China, though a visitor to Motorola Inc.'s gleaming factory here might never guess it. The modern building, part of the U.S. electronics company's $300 million commitment to China so far, is standard Motorola issue. Technicians, some U.S.-trained, pad around automated clean rooms in white bunny suits, and even the cafeteria sparkles. Motorola's China revenues seem to justify it all: Last year, its cellular-telephone and pager sales topped $1.5 billion. "We're not putting all our eggs in the China nest," says Jerome Monod, chairman of Lyonnaise des Eaux, the French publicworks giant. "But we think we cannot afford to be out of China." He knows the challenge China can present: He had just flown in from France to sign a slew of major water-treatment deals in China, only to find two abruptly cut back due to "complications" on the Chinese side.
ISSN:0921-9986