CNAICColegiul National Alexandru Loan Cuza (Romanian college)
CNAICChinese National Association of Industry and Commerce
Copyright 1988-2018, All rights reserved.
References in periodicals archive ?
The negotiations American Motors Corporation (AMC) and CNAIC on behalf of the central authorities took four years since 1979.
The Americans notified Chinese bureaucracies at all levels, including, progressively, the Beijing Municipal Government, CNAIC, the State Planning Commission, and, eventually, the State Council.
First, the new joint venture was owned 50 percent by Volkswagen, 25 percent by SAIC, 15 percent by the Bank of China, and 10 percent by CNAIC. While Volkswagen was the largest shareholder, the diversity of partners provided boundary spanning for the venture's operations: The Bank of China could provide or guarantee needed loans, SAIC would have an interest in solving local problems, and CNAIC could be a link to the central planners.
The head of CNAIC began to complain about the joint venture's slow pace of localization, and called for a goal of quickly reaching 80 percent local content, as opposed to 12 percent as of 1988.
But still, CNAIC sought to limit the production of Shanghai Volkswagen by curtailing raw material supplies until the venture reached higher local content requirements.
In the end, criticisms from CNAIC abated because of Volkswagen's efforts and also because of the Shanghai local government's, especially the mayor's, lobbying.
In Beijing the joint venture was tightly overseen by the central government through CNAIC. In Shanghai, although CNAIC maintained nominal control, it was the local government that was in charge.
All the Chinese negotiators were local officials from Guangzhou, and central authorities in Beijing such as CNAIC played little role in the talks.
In 1990, for example, CNAIC had no representative in the distant province.
Insiders say that CNAIC members proposed the refund to Premier Sean Chen at a luncheon recently in Tainan, southern Taiwan.