Reported by Star-Bulletin staff & wire
Tuesday, July 28, 1998
Chinese city to get help on tourism from isles
Guilin, one of the most picturesque cities in China, wants to refine its tourism with the help of Hawaii.Seiji Naya, director of the state Department of Business, Economic Development and Tourism, recently signed an agreement with the mayor of Guilin to promote economic, professional, cultural and educational ties.
Located in Guangxi Autono-mous Region in southern China, Guilin has seen a surge in tourism since opening up to the world in the late 1970s. The city receives about 10 million domestic tourists and about 800,000 overseas tourists a year.
Rubin stumps for more U.S. money for IMF
WASHINGTON -- Treasury Secretary Robert Rubin said he sees no end to Asia's economic hardships and insisted Congress approve the administration's request for $18 billion to prop up the International Monetary Fund."Challenges ahead remain enormous" for Japan and South Korea, Rubin told a meeting of U.S. farm industry leaders at the Treasury. "Conditions are going to remain difficult for some substantial time" for the rest of Asia, he said.
The Clinton administration requested $14.5 billion for the IMF to replenish its dwindling loan coffers and $3.5 billion more for a new loan fund.
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