By Fred Duval, Didier Cassegrain
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Extra info for Code McCallum, Tome 4 : Jungles
For more details on how O T I C could assist in investment projects in China, see the speech of Mr. Rong Yiren (chairman of the board of directors of O T I C ) delivered in Hong Kong after his tour of the United States in late 1979 and a transcript of the questions from the floor and the answers thereto; these are contained in Appendix 9. In order to promote investments in China, Mr. Rong Yiren, together with high-ranking officials from the different ministries, visited the United States in the last quarter of 1979.
3). Ambassador Woodcock's point is well taken. As will be evident from the remarks made by Mr. -China Trade Negotiations tion), the Chinese are very appreciative of those persons and firms who stand by them through hard times, and will duly reward them when the opportunity arises. In fact, one of the criteria that the Chinese will use in the selection of suitable partners for their offshore oil development projects is "previous working relationship between China and the foreign firm" (see the case of Occidental Petroleum Corporation).
China Trade 27 Many of the problems associated with international financing arising from trade with socialist economies appear to be taken care of by the fact that China has already gained admission to international financial institutions such as the International Monetary Fund (IMF) and the World Bank. Membership in the IMF entitles the member to IMF credits. Membership in the World Bank enables the member to make use of available loans; it also entitles the member to the right to a share of new issues of special drawing rights (SDRs).