International -- Readers Report
WATCHING CHINA GROW INTO A MARKET ECONOMY (int'l edition)
"A hard `soft landing"' (Asian Business, Oct. 21) provides an informative and realistic picture of China's macroeconomy. In my opinion, American entrepreneurs, economists, and official and private organizations involved in business with China need such information.
My work helps Chinese private enterprises understand international business regulations and the real operation of a market economy. This process must take place to achieve positive change in China. Americans also need to understand that China is no longer the extreme-left China it once was. It is changing to align itself with the rest of the world.
Claremont, Calif.Return to top
THERE ARE LOTS OF VENTURES IN VIETNAM (int'l edition)
Despite gloomy reports about Vietnam's investment climate, there are a large number of projects from virtually every sector of the economy waiting in the wings ("All that money--but where can Templeton invest it?" Finance, Oct. 7). The Vietnam Frontier Fund has managed to invest more than 50% of our $50 million fund in just two years. Commitments to seven new projects bring the total up to 86%. We expect to allocate the entire fund within a few months, and we plan to raise more money soon.
But it takes a lot of sweat and perseverance. This is a venture-capital market where you have to roll up your sleeves and make your own deals.
John R. Pike
Chief Investment Officer
Ho Chi Minh CityReturn to top
DEREGULATION CAUSED THIS ROUGH RIDE (int'l edition)
Your article is nothing more than a report on the predictable end of the deregulation honeymoon ("Bon voyage, if you can afford it," American News, Oct. 21). As a die-hard liberal capitalist, I am still convinced public utilities (including transport and communication) belong under the wing of the government.
Hanns John Maier
Ubatuba, BrazilReturn to top