ABSTRACT
Spring 1987 in Beijing, China was unusually cold, ironically appropriate considering the icy state of relations between Peter Morris and his company, the Asian Development Corporation (ADC), and its Chinese joint venture partner, the Yellow River Tourist Service (YRTS) for the New China Hotel (NCH) project. After years of futile attempts to salvage the alliance, Morris, vice-chairman of the board of directors of the New China Hotel in Beijing, had just settled an agreement with his Chinese counterparts to withdraw ADC’s equity investment in the hotel.
