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.

 Kimberley-Clarkeíªs  treasurer refuses to adjourn the meeting to the John Bull Pub in Beijingíªs diplomatic quarter, a tempting quarter-mile down the road. This is unfortunate for FinanceAsia's thirsty China 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 íÑXialiíª cab that just about succeeded in depositing me at the Kimberley-Clarke office.

In Shanghai, taxi drivers drive the relatively high-powered Santana 2000, the product...

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