Exhibitions bring business
EXHIBITION business should be nurtured to become a new driving force in building up Shanghai's economy, experts said.
Industrial output jumps last year
THE city's industrial output last year saw a 9.6 per cent increase, or 175.87 billion ($21.24 billion) more in value, compared with the previous year.
GM: Private car sales promising
SALES of family cars in Shanghai will rise in the next few years as incomes rise, said Philip Murtaugh, general manager of GM China Inc's Shanghai office.
Pudong outlook
PUDONG is to focus on the development of the 28-square-kilometre area along the Huangpu River, which will become part of a central city in 20 years, and the area along East China Sea starting from this year, Hu Wei, deputy director of the new area's administration, recently told visiting deputies of National People's Congress. Service industries, including banking and insurance services, will be further backed up and the riverside port area will be revamped to allow later beautification of the central city. The government will also speed up the construction of the Waigaoqiao Port and Waigaoqiao Shipyard to help establish Shanghai as the inter-national centre for transportation.
IT forum to stress building a digital city
STRONG emphasis on the city's cyber-port project will be maintained in
Tianjin, focus of Motorola's plans
Tianjin-based Motorola (China) Electronic Co said last week it plans to increase its investment in China by over 2 billion yuan ($241 million) within the next five years.
Apartments ease yuppies' housing
SHANGHAI Balin Community Co Ltd, the first property service company in Shanghai to provide clients with a chain of furnished apartments throughout Shanghai, plans to launch "waixiao" apartments targeting overseas and local tenants.
All shipping services make gains
SERVICES bound for the United States are still brisk due to its robust economy.
Panel of financiers meet hi-tech masters
By Tracy Tao
THE first round of the O'Melveny & Myers High-Tech Entrepreneurs Programme was successfully conducted in Shanghai yesterday. A panel of professionals with expertise in financing high-tech companies listened to the presentations made by four high-tech Chinese companies. The programme, sponsored by O'Melveny & Myers LLP, one of the world's largest law firms, provides promising companies with professional feedback on their business plans and helps them obtain financing. "The biggest obstacle for them seems to be that while they may have a great idea, they don't know how to formulate a business plan and obtain financing," said Howard Chai, the partner in charge of O'Melveny's China practice group. Professor Cheng Guoxiang, scientist in charge of the Shanghai Transgenetic Research Centre, took part in the programme. The professor wants to co-operate with other institutions for further research or commercialization of his centre's research achievements. The breakthrough in therapeutic technology by him and his team involving the cloning of blastula, or embryos in the early stages of development, was widely reported in local media early this month. Professor Cheng, whose eminence as a scientist is unquestionable, must now prove himself as a businessman to attract financing and backing from international companies.
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