An MNC treasurer speaks about obstacles in China

Parochialism and inadequate IT infrastructure harm the ability of Chinese banks to provide treasury solutions. They will have to improve by 2007, when western banks will be able to compete freely.

Kimberly-Clarke's treasurer refuses to adjourn the meeting to the John Bull Pub in Beijing's diplomatic quarter, a tempting quarter-mile down the road. This is unfortunate for FinanceAsia's thirsty correspondent.

And I remain convinced that the frustration Mei Tong shows at the obstacles she encounters in the course of her duties would have benefited from some form of liquid relaxation.

If you want a parallel to treasury management problems in China, you need look no further than the creaking, filthy, underpowered Xiali cab that just about succeeded in depositing me at the Kimberly-Clarke office.

In Shanghai, taxi drivers drive the relatively high-powered Santana 2000, the product of VW. VW has its factory churning...

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