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
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.
Tianjin, focus of Motorola's plans
By Xiao Huo
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. The major investment focus will still be around North China's Tianjin area where it launched its production base in the 1980s. Regions along the Yangtze River area, which is among the most developed areas in China, are also under consideration, according to the company's senior officers. Stephen Wong, vice-president and general manager of Motorola's semiconductor products sector, said the investment is based on their optimistic outlook for the China market. "Motorola is not seeking quick money returns, but has a long-term commitment to the China market," said Wong. He said the China market is expected to turn into the world's biggest one in the near future as its economy continues to expand rapidly. Wong said the company will adhere to a principle of introducing the latest technology to the China market and continuous and smooth co-operation with domestic partners in its market strategies. "We will improve our business presence in the local market through continuous investment, a strong strategy of localization and keen co-operation with local think-tanks," said Wong. Wong said the semiconductor company is aiming to help manufacturers, backed by its mature and advanced technology in manufacturing and research into core elements in the semiconductor sector - microcontrollers. Motorola is the number one provider of microcontroller products, with more than 18 per cent of the global market. The company has also announced the birth of its latest series of microcontrollers - 68HC08 on Thursday for the China market. Referring to co-operation with local think-tanks, Wong said the company has kicked off several labs in local universities, such as Fudan, Qinghua and Shenzhen Universities. The company has also launched its own research institute in Suzhou, in East China's Jiangsu Province, near Shanghai.
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