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At the same time, America ghd straighteners   has an increasingly large stake in good relations with China. In 1992 American companies led a rush of foreign investors who signed more than $30 billion worth of contracts in China.( That is 30 times more than the 1987 record for annual foreign investment in South Korea.) In Shanghai, Tianjin and other urban centers, China is trying– with considerable success– to attract high technology firms that will modernize its economy.Mc Donnell Douglas has built35 MD-80 series aircraft in Shanghai —and has contracted to build 40 more. Mbt shoes General Motors and Ford are rushing to establish a beachhead there. Throughout China, foreign firms are building plants for copiers, computers and industrial machinery.

Even more striking, China’s entrepreneurs are starting to hunt for opportunities abroad. In the last year Capital Steel, a state-owned ghd hair straighteners conglomerate with 205,000 employees, purchased steel operations in the United States and announced plans to build semiconductor chips in cooperation with NEC of Japan. In December Capital outbid a Japanese–Mexican – Chilean consortium to buy Peru’s leading iron-and-steel complex, Hierroperu. The $312 million purchase makes Capital the second largest foreign investor in Peru.  Other state-affiliated companies, including CITIC and China Resources. Mbt Inc., are branching out from Hong Kong to establish overseas posts as varied as diamond-trading operations in Sri Lanka and brokerage sevices in New York.