Exhibitions bring business
EXHIBITION business should be nurtured to become a new driving force in building up Shanghai's economy, experts said.
Panel of financiers meet hi-tech masters
THE first round of the O'Melveny & Myers High-Tech Entrepreneurs Programme was successfully conducted in Shanghai yesterday.
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
By Chen Qide
SERVICES bound for the United States are still brisk due to its robust economy. "Container shipping, to some degree, will have an increase this year," said Chen Yan, a spokeswomen with the Shanghai Shipping Exchange. Last year, services bound for the East Coast of the United States shipped about 5.7 million 20-foot containers, up 10 per cent over the previous year. The United States is expected to increase interest rates twice in the first half of this year, which will probably reduce imports. In spite of this, shipping companies have a bright outlook on their business. Some are adding services bound from China for the United States and some will use big container ships to replace small ones. China Shipping has opened the first service bound for the West Coast of the United States. It will open its second Pacific service in March. Changrong Shipping Company in Taiwan will also open a direct service from Shanghai to the US West Coast this year by using ships which can carry 5,000 20-foot containers each. The spokeswoman said freight prices for Japanese services are rising as the Japanese economy begins to come out of its valley. Statistics indicated services bound from China for Japan handled 1.1 million 20-foot containers between January and November of last year, up 21.7 per cent over the previous year. Beginning in January, Waihai Shipping Company will add two services bound for Japan, to six a week.
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