CHINA: Import And Export Firm Sharpens Up Its Act To Prepare For Trade Changes
Import and export firms which enjoy foreign trade privileges are set to lose their monopolies when China joins the World Trade Organization (WTO). But one company is busy preparing for this. Ningbo Textile Import & Export Corp is drawing up restructuring plans to make it more competitive. Under the plan, the company's most competitive business departments will be kept to form a new shareholding company.
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