The daily Tar Heel. (Chapel Hill, N.C.) 1946-current, April 22, 1987, Page 6, Image 6
6The Daily Tar Heel Wednesday, April 22, 1987 E V N n F O CAROLINA DINING SERVICE 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 REFUND! 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 REFUNDED: 1) University mandated $100 deposit. 2) accumulated bonus points. There will be a $10 processing fee for all refunds. REMEMBER TO SAVE YOVE MEAL CARDS! They can be used during the summer and again next school year! E N N O Money wise Opportunities for U.S. businesses on the rise in China, speaker says By BECKY RIDDICK Staff Writer 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 Hall Tuesday. 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 petitive market. "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 M1SOODEIID WE'RE FIGHTING FOR NOUR LIFE American Hoart Association stamps and birth control information. 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 said. 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, forget it." China is a competitive, product oriented environment anxious to move ahead, he said. Dealing with China, however, requires a stable financial commitment from the corporation involved. 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 foreign corporations. 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 Greg Camp. 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 Carlson. 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 SUCCESS iOTENDIN-PROGRAMS! OIROUNk PROGRAMS 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 Gallery Cases. 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 Distractions.