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6The Daily Tar Heel Wednesday, April 22, 1987
To: all Meal Card Holders April 22, 1987
From: Carolina Dining Services
Re: Refund info
Meal Card holders should take note that account
balances will not carry over for either Summer sessions
or the '87-'88 school year. NOW is the time to apply for YOUR
To get your refund, complete a Refund Application in
the Meal Card office (second floor, Lenoir Hall) beginning
Tues., April 21st. Applications for refunds must be
received by May 10, 1987.
Please note the following CANNOT BE
1) University mandated $100 deposit.
2) accumulated bonus points.
There will be a $10 processing fee for all refunds.
SAVE YOVE MEAL CARDS!
They can be used during the summer and again next school year!
Opportunities for U.S. businesses
on the rise in China, speaker says
By BECKY RIDDICK
Recent changes in China's eco
nomic situation make it an attractive
business partner for major American
corporations, said James E. Shapiro,
president of Xerox Corporation's
China Business Development and
South Pacific Operations, in a
speech to about 50 people in Carroll
Shapiro said that under the urban
economic reforms of 1984, the
Chinese government now taxes
factories rather than seizing their
profits. Bonuses are given to
employees of the factory with the
highest production, creating a com
"It is a product-oriented society,
not a profit-oriented society," he
said. The competition arises from
who can produce the most products,
not who can produce at the lowest
cost, he said.
"The factory in China is a business
and a social enterprise," Shapiro
said, explaining that workers are
assigned lifetime employment at a
factory, which is responsible for
providing them with housing, food
WE'RE FIGHTING FOR
stamps and birth control
Foreign corporations enter into
joint ventures with the Chinese by
selling parts for American products
to China to be assembled there. The
finished products are then marketed
domestically or exported from
China, he said.
According to Shapiro, the Chinese
do not participate in the production
of the parts because it would take
Chinese factories five years to
produce an optimum 75 percent of
the parts. "By this time the product
would be obsolete," he added.
Chinese production cost is mea
sured in terms of raw materials, labor
and overhead, which complicates
business transactions with U.S.
companies that measure production
cost in terms of cost per unit, Shapiro
Although China is a major market
opportunity, companies planning to
enter into joint ventures should
consider it a long-term investment,
Shapiro said. In terms of product
development, it takes at least four
years for most companies to begin
to make a profit.
"From an investor's viewpoint,
youVe got to look at it as a long
term investment where you're going
to invest for a number of years,
eventually going to break even on
a cash basis, and then eventually
(going to) make a profit," Shapiro
said. "If you're looking to sell
something for next year's market,
China is a competitive, product
oriented environment anxious to
move ahead, he said. Dealing with
China, however, requires a stable
financial commitment from the
Chinese manufacturing has one of
the lowest production costs in the
world, Shapiro said. Mexico, Brazil
and China have the three largest
markets for manufacturing in the
world today, but China's social
structure is the most agreeable with
For the corporation interested in
very long-term business dealings
with China, it would be best to design
products with Chinese assembly
capability in mind, he said.
The Chinese usually are more
interested in doing business with
larger corporations that have the
technology and finances to back
their deals, Shapiro said.
Shapiro became manager of Xer
ox's New York operations in 1971
and corporate vice president in 198 1 .
His current responsibilities include
marketing Xerox products in China
and managing operations in Austra
lia, New Zealand, Singapore, Malay
sia and Hong Kong.
Shapiro's speech was sponsored
by the Master of Business Admin
istration Student Association.
PRESIDENT: Jeannie Mitchell
CURRENT ISSUES: Rick Maechling, Chair . Greg Camp . Tristan Carter . David Cashwell Tony
Deifell Ken Gray Terri Hardin Paul Harrelson Larissa Jones Fifi Kashani-Sabet Judy Kim
Susan McCracken Tracy Taft Charles Thoma.
FILM: Beverly Lester, Chair John Ensslin Hamilton Holt Tom Maxwell Kris Haines James Dean
Ann Campbell Steve Lansford Heather Ginn Laurie Watel Lissa Paulson Sharon Kessler
FORUM: Barry Kitch, Chair . Phil Skillman . Hal Rollins David Sheltin Jeannie Gottram Richard
Colven R.C. Styles Maria Browne Cynthia Crews Heidi Rimmel Rich Von Biberstein Tabatha
Ashworth Kelly McElhaney Aimee Belue Ben Sutker.
GALLERY: Jeff Boyer Jan Brown Robin Bryant Catherine Cox Jennifer Crane Catherine Fitts
Shannon Franklin Amy Gerdes Laura Hunter Mary Kent Parker Colette Robell Elizabeth
Rouse Chris Shearer Jane Walker.
HUMAN RELATIONS: Lauren Lindsey. Chair . Merideth Amdur Dana Burnette Mike Goldman
Beth Gwynn Anecia Holmes Kathleen Massey Kent Moore Britta Neugaard Rebecca
Owens Katy Power Angela Ross Kathy Talbert Anne Turner Janet West Dawn Williams.
PERFORMING ARTS: Edward Boehm. Chair Preston Brewer . Greg Burlos Hank McSwain
Jennifer Doyle Lauren Elder Margaret Huckabee Shelley Mendel Mary Hooper Julnar Rizk
Virginia Ramsey Wendy Wegner Fifi Kashani-Sabet Casey Heavner John Oxford Deanna
Shmitt Granette Trent Sibby Anderson . Harry Bleatler Barb Ruchhoft Sidney Smith Loise
Foiger Alison Sugg Melanie Thomas John Trevathon Laura Rodgers Audrey Joyner Hope
PUBUCITY: Ellen Barnard, Chair Alice Bumgarner . Ruth Burts Gina Cox Andrew Greene
Heather Harriss Laurie Murdock Randy Pierce Kriss Roberts Chris Routh Nika Tumpes Pam
Duckworth Valerie Dickie Debbie Fox Sheila Johnston Susan Kemm Siobhan O'Brien Byron
Matthews Jim Larkin Sharon Payne.
PUEUC RELATIONS: Suzanne Bolch, Chair . Dorothy Batts . Dawn Brinkley Mary Dillon Barbara
Hall Kelly Mattocks Michell Perry Pamela Prince Chris Rogers Rob Sherman Cheryl Smith
Todd Sparger Lisa Williamson.
SOCIAL Alex Dickey, Chair . Heather Griffen Lisa Martin . Landsdon Robbins Lynn Phillips Lon
Keith Martha Dagenhart Cathy Paparazo Robert Kennedy Shannon Ashburn Charles Harris
Cheryl Oliver Parish McKinney Audrey Joyner Kelly Lindsley Yvette Moxin.
SPECIAL FEATURES: Molly Donahue, Chair . Meg Sally Dave Bernath Robyn Brody Trey Carter
Kendall Crosswell Betsy Durland Julie Gray Tara Hester Jim Moushey Robin Richards Pat
Sarsfield Camilla Taft.
THMIECS EVEHVONE, THOSE WHO
HEU?5E IN THE
mn THOSE WHO 'MADE THE YEAR A
CONCERTS: Pat Metheny Group General Public Bonnie Raitt Michael W. Smith Husker Du
Jazzfest George Winston Bruce Hornsby and The Range Al Green.
FORUM: George Plimpton Maki Mandela Peter BensingerTimothy Leary Debate Dean Smith
Gerald Ford David Lynch.
PERFORMING ARTS: A Little Night Music Evita Byrd And Brass North Carolina Dance Theatre
Salzburg Musici Chieftans Pilobolus Jazz Festival with James Williams Quartet Rufus Reid
Quartet Al Grey UNC Star Search 'The Heart Of The Blues". Kuumba Theatre Piano Recital
Jack Kendrick Outdoor Arts Day Bent.
CURRENT ISSUES: Dr. Benjamin Speck Louis Dupree on Afghanistan Tax Revision Workshop
AIDS Panel Discussion . . . And There Was Ecstasy.
SPECIAL FEATURES: Do You Know Whafs Under Your Hood Actors Rom The London Stage Pinter
The Tempesf And One Handers The Subtle Charms of Captrvation Operation Raleigh Wine
Tasting Course Face To Face Informal Talks With Professors UNChess Shagging Workshop
Real World Finance. '
HUMAN RELATIONS: Women In The Workforce Sexual Angles Rape Awareness Week Black
White Discussion Anti-Semitism Fun In The Pit Bent.
SOCIAL Movies In The Pit Nightmare On Elm Street Vacation Fast Times At Ridgemont High
Eve QxneliousCrawfbrd Group Halloween Costume Contest Beat 'Dook' Bus Back To School
Band Party Ski Trip Escape To Busch Gardens Bridge Lessons The Union Bash.
GALLERY: Fredrick Carl Hasenzahl Clyde Jones Center Gallery Sheila Elias Undergraduate
Juries Art Show MFA Show Larry Childress Photo Exhibit Children's Art Physics Photos Rape
Awareness Exhibit Tacky Tourist Trinket Contest Christine Doyle Black Women Exhibit Vincent
ALL UNION EFFORTS: Martin Luther King Birthday Celebration The Union Bash Fun In The Pit Day.
PUSUCITY AND PUEUC RELATIONS: Hard Work On All Of The Above Contests Pamphlet Survey