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BRIEFING - ASIA ECONOMIC NEWS - OCT 31, 2002.

Publication: AsiaPulse News

Publication Date: 31-OCT-02
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COPYRIGHT 2002 Asia Pulse Pty Ltd

An executive briefing on the economies of Asia for Oct 31, 2002, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia based wire with exclusive news, commercial intelligence and business opportunities.

TROUBLED AUSTRALIAN FARMERS CHANGING BUSINESS METHODS: SURVEY

CANBERRA - Farmers confronted by drought, environmental problems and economic challenges are changing the way they run their businesses, an official survey showed today.

The Australian Bureau of Statistics (ABS) released preliminary findings of a survey of more than 30,000 farm businesses during the 2001/02 year.

CHINA'S GUANGZHOU CITY TO INVEST US$3.6 BLN IN NEW CITY ZONE

GUANGZHOU - Guangzhou, capital of south China's Guangdong Province, will invest 30 billion yuan (US$3.6 billion) over the next three years to build its Nansha development zone.

According to the development strategy of this southern metropolis, "a new Guangzhou" will be built in Nansha, at the mouth of the Pearl River, turning it into a major industrial base.

KOREAN CONSUMER PRICES FALL FOR 1ST TIME SINCE JULY

SEOUL - Consumer prices fell slightly in October for the first time since July with the harvesting season pulling down prices of agricultural and fisheries products, the National Statistical Office (NSO) said Thursday.

Consumer prices fell 0.3 per cent in October from a month earlier, allowing the year-on-year inflation rate to remain flat...

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