September 2000  No.281
Suspense Caused by Rmb1,300 Billion Assets
China Begins to Dispose of Bad Assets
Vice Minister of Information Explains the Accounting Policy of China Telecom
Seven Obstrutive Attitudes in the Introduction of Foreign Investment
"The Life's Value is Devotion"
HongKong Fuhua International
Trade and Economic News
China's Entry and Exit Commodity Inspection and Quarantine System
Chinese Companies Strive Jointly for Self Protection
Multinational Companies Adjust Strategies to China
Key Industries Take Favorable Turn
Survey of Chinese Mobile Phone Market
China's Railways Adopting Significant Reforms
Economical Cars to Lead China's Auto Market
Central Business District Established in Beijing

Service is Supreme
-Introduction to the Singapore Airine Company


Focus on GUIZHOU

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Let me start China's
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The Life's Value is Devotion
-- An Introduction to Chen Lihua,
Chairwoman of the HongKong Fuhua International Group Co.,Ltd.
Chen Lihua, Chairwoman of HongKong Fuhua International Group Co., Ltd., was born in Beijing in 1949, Chinese Man Nationality, Honorary Doctor of the Safana Design Institute of Arts in Georgia, USA, Member of the 8th and 9th State Political Consultative Conferences, Member of the Central Government State Unification Commission, Member of the China Association of Industry and Commerce, Honorary Chairwoman of the China Society of Man Nationality.
Ms. Chen settled in HongKong in the 1970s, having cultivated in HongKong commercial field for several decades, and established the multinational HongKong Fuhua International Group Co., Ltd. With businesses in real estate, tourism, trade and catering, and subsidiary companies in Australia, Southeast Asia and China's Mainland, HongKong Fuhua International Group Co., Ltd.consists of HongKong Fuhua Company, HongKong Fuhua Investment (China) Co., Ltd., Beijing Fuhua Furniture Enterprise Co., Ltd., Beijing Changan Club, Beijing Lee Court Apartment Company, Beijing Fuhua Property Development Company, Beijing Fuhua Jarding Aviation Service Co., Ltd., Beijing Yongjiali Decoration Engineering Company, Beijing China Red Sandalwood Museum, HongKong Fuhua Hotel Management Co., Ltd. and Fuhua Australia Branch.
Of her numerous investment projects, it is the China Red Sandalwood Museum founded recently that she put in most of her energies. Since 1976, Ms. Chen has begun running a plant to imitate and make red sandalwood furniture according to that in the Ming and Qing Dynasties, and formed Beijing Fuhua Furniture Enterprise Co., Ltd. officially in 1990. All the furniture, made of expensive red sandalwood, are produced by means of the Chinese traditional workmanship, and sculpted by skillful craftsmen from all over the country, especially the success of the large scale red sandalwood sculpture "Qing Ming Shang He Tu" (Picture of a Busy Market in the Capital City of Song Dynasty), which caused a sensation at home and abroad. Evaluated by experts of the Palace Museum, it has an extremely high value for collection, and is a rare art treasure. Due to Chen lihua's outstanding contribution to the Chinese traditional culture, she was known as "queen of red sandalwood in China" by overseas media. To better preserve and research Ming and Qing furniture, Chen Lihua invested 200 million yuan in building the China Red Sandalwood Museum beside the Jingtong Highway in Beijing, which opened to the public on September 19,1999. With nearly a thousand furniture selections displayed, which are mostly red sandalwood furniture of Ming and Qing Dynasties, the Museum becomes the first place in the world where Chinese classical furniture is collected, displayed and researched, which is also a precious tribute to the 50th Anniversary of New China and the return of Macao to China.
As a renown entrepreneur from HongKong, Chen Lihua is full of confidence in the investment value has reached several billions yuan. She devotes herself to investment projects and social welfare causes wholeheartedly and believes in that "the life's value is devotion!"

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