WANG Jin, general manager of Shanghai Pharmaceuticals, who has been deputy general manager of Shanghai Squibb for five years, talks about how foreign enterprises in China eliminate wasteful public "expenses." Shanghai Squibb makes thorough budgets comprised of 83 terms in eight categories. As deputy general manager, WANG Jin has only RMB100,000 at his disposal. WANG Jin has copied the budget system used by other Shanghai pharmaceutical companies.

Source: Shanghai Economic News June 20, 2003

Added: 2003-08-03