Word: mainlanders
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...next 17 months, C.H. Tung labored seven days a week to build a consensus among creditors to restructure the tangle of public and private companies. When he needed a large infusion of new capital, he turned to the Taipei government. The answer was no. Tung then approached mainland Chinese, and a local businessman with ties to Beijing kicked in the money. Only this year did Tung admit that the businessman's bailout funds came from the state-owned Bank of China...
...Mullards, mother and son. Their pleasure in assuming full control is dampened somewhat by the prospect of the upcoming change in Hong Kong, which worried folks around town call ?the Chinese take-away.? Sure enough, Bunt is soon approached by a Mr. Hung, quite evidently from the mainland, who says he wants to buy the Imperial Stitching building. Bunt?s mother wants to sell -- Hung?s offer will bring them roughly ?1 million, or $1.6 million -- and when her son objects to Hung?s strong-arm negotiations, she says, ?Oh, pack it in! I could do business with that...
...suggested that local businesses are already making adjustments in their operating practices to deal more hospitably with the sometimes-corrupt bureaucracy of the mainland. Corruption stands, as always, as the archetype of all bureaucratic evils of communist China...
...campaign contributions from 77 donors, bringing to almost $3 million the amount it has given back. Three-fourths of the suspect money was brought in by three Chinese-American moneymen: D.N.C. fund raiser John Huang, former Arkansas restaurant owner Charlie Yah Lin Trie and Johnny Chung, who brought six mainland Chinese businessmen to one of Clinton's radio addresses...
...behalf of Beijing. Last summer Yung brokered a deal between British conglomerate Swire Pacific and the China National Aviation Corp., owned by Beijing's aviation authority. CNAC was set to launch an airline to rival Swire's Cathay Pacific; Yung prodded the British firm instead to sell the mainland intruder a controlling share in Cathay's regional DragonAir. In January, CITIC Pacific paid $2.1 billion for 20% of Hong Kong's British-controlled electricity company. Beijing denied this was the next step in China's takeover of Hong Kong's main industries. Maybe so, but Yung is shaking...