Licenses Rescinded for Deception ˇˇˇˇFor defrauding state treasury of foreign exchange totaling US$222.5 million five trading companies in Qinghai have lately had their licenses for developing foreign trade rescinded by the state. The five trading companies are: Qinghai Province Electric Machinery Equipment Import & Export Company Ltd., Qinghai Province Food Grain and Edible Oil Import & Export Company, Qinghai Province Native Products Import & Export Company, China Packaging Import & Export Corporation Qinghai Company and Qinghai Machinery Import & Export Company. ˇˇˇˇ Economicnews 1999-02-13 Page2 Full Story in Chinese