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.
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.
IT forum to stress building a digital city
By Huo Yongzhe
STRONG emphasis on the city's cyber-port project will be maintained in 2000 with a view to boosting the fledging IT industry, a senior local official said. "The main frame of the project is to be accomplished before the end of the year," said He Shouchang, president of the Office of Shanghai National Economy and Society Information Leading Group. "And the final goal of the project is to help Shanghai become more competitive in the information era of the very near future," said He. As of 1996 when it was initiated, the project has been consistently at the core of the city's efforts to accelerate its economic growth potential in the 21st century. He claims local government authorities plan to inject another big investment totalling over 1 billion yuan ($120 million) into the project in 2000. He made these remarks last week at the opening ceremony for the 2000 Shanghai International Computer Applications & Current Developments Conference, a forum intended to smooth the road towards "a digital Shanghai." The one-day-long conference, hosted by Shanghai Information Centre and Lead Information Co, has lured more than 800 delegates, including government officials, research experts and high-ranking officials from international and domestic IT giants like Intel, Microsoft, IBM and Legend. Shanghai's IT industrial output topped 89 billion yuan ($10.75 billion) in 1999, and it is expected to surpass 100 billion yuan ($12.08 billion) this year, He said. He outlined several focuses for the new century including IT infrastructure, currently a major barrier holding back the rapid growth of the industry in China. "And all large State-owned enterprises will have online services in 2000," He said. Meanwhile, an IT evaluation index system is also expected to be established before the end of the year in order to better supervise progress, said He. He admitted that Shanghai lags behind Beijing and Shenzhen in terms of the growth of the information industry, but added the local government will be affording preferential policies to back the growth of the industry in Zhangjiang Hi-tech Park. Total turnover of the IT industry in the park is expected to surpass 1 billion yuan ($120.77 million) in 2000, said He.
Copyright 2000 by Shanghai Star. All rights reserved.