JOURNAL OF CHINESE LAW
VOL. 2 FALL 1988 NO. 2

CONTENTS
ARTICLES

LABOR REFORM IN THE WORKERS' STATE:
THE CHINESE EXPERIENCE

TORTIoUS LIABILITY FOR DEFECTIVE
PRODUCTS IN THE PEOPLE'S
REPUBLIC OF CHINA

COAMMENTARY
DEVELOPMENTS IN THE REFORM OF CHINA'S

BANKING AND FINANCIAL SYSTEMS

NOTES
THE HOPES AND FEARS OF FOREIGN

DIRECT INVESTMENT: A COMPARATIVE
EVALUATION OF FDI REGULATION IN
THE PEOPLE'S REPUBLIC OF
CHINA AND TAIwAN

Hilary K. Josephs

Edward J. Epstein

Liu Hongru

Jeffrey K.D. Au
IF THE BIT FITS:

THE PROPOSED BILATERAL INVESTMENT
TREATY BETWEEN THE UNITED STATES AND THE
PEOPLE'S REPUBLIC OF CHINA Timothy A. Steinert

GLOSSARY



JOURNAL OF CHINESE LAW
VOL. 2 FALL 1988 NO. 2

Editor-in-Chief
R. RANDLE EDWARDS

Managing Editors
GLADE A. JACOBSEN
THOMAS C. LETSOU

Articles Editors
JEFFREY K.D. Au
TIMOTHY A. STEINERT

Notes Editors
CHRISTINE J. CHAO
PETER T. JENSEN

Financial Editor
BRENT J. BELNAP

Translations Editors
SUN WEI
YANG XIAOPING

Book Review Editors
JOSEPH HUNT
NICHOLAS J. KABCENELL

Circulation Editor
MICHAEL A. SKINNER

Senior Editors
LIU HONG

JODIE SIMON

Editors
MICHAEL BENNETT
EILEEN CHANG
KAREN FUNKHOUSER
CHARLOTTE HART
SEUNGDUK KOH
ELIZABETH Koo
RUSSELL LEONARD
MIMI LEVY
JASON MARSHALL
RONALD NYMAN

PIYASENA C. PERERA
LENA PU
JONATHAN Ross
JAN SHELBURNE
JUSTIN SHRENGER
DANIEL SULLIVAN
ANDREA WEINSTEIN
YU XIAOWEI
ZHANG CHUANPING

Board of Advisors
MYRON COHEN
LORI F. DAMROSCH
E. ALLAN FARNSWORTH
RICHARD N. GARDNER
WALTER GELLHORN
HARVEY J. GOLDSCHMID
JOHN N. HAZARD

Louis HENKIN
OSCAR SCHACHTER
HANS SMIT
RALPH WANG
MICHAEL K. YOUNG
MADELEINE ZELIN