MooteSheilaDr., international economist for the research and planning department of United California Bank in Los Angeles, quoted in The Executive (March 1979), p. 40, Dr. Moore estimates that between now and 1985. China's modernization program will cost $600 billion. Of this sum, capital investment alone “will take up about $350 billion” and “foreign technology will account for $40 billion to $43 billion. “That China has the carning capacity to realize sums of this magnitude is highly problematic. The Chinese, Dr. Moore believes, will have to think in terms of foreign loans, grants, and supplier credits, as well as engage in “financing ventures.” The joint venture law is an additional aspect of China's new Long March by which China hopes to catch up with the U.S., Japan and Europe in science and technology and in some areas even to exceed them by the year 2000.
2.
See LubmanStanley, “Methodological Problems in Studying Chinese Communist ‘Civil Law,”’Contemporary Chinese Law: Research Problems and Perspectives (1970), p. 246.
3.
Forbes (25 June 1979), p. 106.
4.
Los Angeles Times (19 June 1979), p. 14.
5.
At the UN's Vienna conference on “Science and Technology for Development” held in August 1979, the Third World called for a $2 billion fund for transferring and propagating technology in less developed countries until 1985 and $4 billion a year thereafter. See Business Week (17 September 1979), pp. 60–64.
6.
Trademarks may be registered through the China Council for the Promotion of International Trade, located in Peking. Marks so registered are valid for periods of ten years and are renewable for additional ten-year periods. The owner of a registered trademark acquires the exclusive right to its use in the People's Republic of China. The trademark may be registered only if a reciprocal agreement on registration exists between the applicant's country and the People's Republic of China, and the mark is already registered by the applicant in his home country. Registration of marks by U.S. nationals is permitted. The People's Republic of China is not a member of either the Universal Copyright Convention or the Berne Copyright Convention, and has not concluded any bilateral copyright protection agreements with other countries. U.S. authors, so far as is known, have no copyright protection available in the People's Republic of China for their works.
7.
See WaterhousePrice, Information Guide: Doing Business in the People's Republic of China (July 1979), p. 17.
8.
At a workers' residential area in Shanghai visited by the authors, a retired resident (a former fishnet-knitting machine operator) was asked on what items she would spend her disposable income, after necessities. She named: Travel (to visit a daughter): Food delicacies (when her children visit her); an occasional movie or performance; and the balance placed in a savings account (to help her son establish his own household after marriage). On a visit to a Hangchow tea production brigade, the same question was asked of a member of the brigade, who said a sewing machine, radio and TV set, bicycle and savings.
9.
Tsingtao beer and vodka are already being exported. A full page ad extolling the virtues of Tsingtao appeared in Business Week (13 August 1979).
10.
SuyinHan. Wind in the Tower—Mav Tze-lung and the Chinese Revolution, 1949–1975 (1976). p. 213.
11.
See NehemkisPeterSchollhammerHans. “International Business Transactions with the Soviet Union and Mainland China: Prospects and Hazards.”The Business Lawyer (November 1972), p. 17.
