The company operates 11 joint ventures in China and two wholly owned foreign enterprises, and counts with more than 35, 000 employees.

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Thompson also may tie the PNTR bill to legislation requiring greater transparency for stock and bond offerings by Chinese and other foreign government-owned enterprises.

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The provincial government granted Zhejiang the exclusive right to construct and operate major highways in Zhejiang Province - which, as home mainly to township enterprises, private companies and foreign enterprises rather than rickety state-owned enterprises, enjoys a relatively healthy economy.

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Even privately owned enterprises and foreign joint ventures depend on good relations with government officials to enter and stay in a certain line of business.

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In the components industry, as in many other industrial and consumer goods industries in China, there are hundreds, even thousands, of individual customers and competitors, which include state-owned companies, private companies and foreign invested enterprises.

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The government continues its efforts to reduce unemployment, to encourage direct foreign investment, and to privatize remaining state-owned enterprises.

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Economic liberalization, including industrial deregulation, privatization of state-owned enterprises, and reduced controls on foreign trade and investment, began in the early 1990s and has served to accelerate the country's growth, which has averaged more than 7% per year since 1997.

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Despite the power of its state-owned enterprises, it is taking incremental, but important, steps to liberalize the renminbi and give foreign companies greater access to its vast consumer market.

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