TUESDAY FEBURARY 22 2000      PUBLISHED BY CHINA DAILY
                                                           BUSINESS

Brief

Launch of e-dictionary aids learners
A NEW tool for language learners became available as of yesterday with the launch of a new website, HungryForWords.com, which provides digital flashcards.

Pact to help China Shipping prosper
THE China Shipping Company (CSC), one of the nation's three major con-tainer carriers, on Sunday signed an agreement with France's CMA CGM which will see 50 new container ships put into use on a container line jointly operated by the two shipping giants.

Foreign firms key to e-business
CHINA's Internet-related business start-ups should better utilize the financial aid provided by foreign venture capital, a recent conference on Internet financing was told.

'No growth' forecast for cargo market
INSIDERS predict the composite freight index for China's shipping market will not rise in the upcoming after-the-festival slack season.

Exhibition business faring well
EXHIBITIONS will provide fresh impetus for the growth of bilateral trade and economic development between China and Germany, a senior German trade fair official said.

CCB kicks off salary reform
PERFORMANCE-related salaries and comprehensive reform of auditing procedures applied to the bank loans approval system are among policy focuses for the China Construction Bank (CCB) for the new year.

ICM confident in the China market By Song Ning THINNING hair caused by
Shanghai's drinking water and an apartment that is never free from

TV advertising to play bigger role
AN authoritative analysis released recently said the global advertising outlay would show a 6.5 per cent surge on a year-on-year basis in 2000, but warned continuous inflation in the global market could devalue the increase to some extend if growth slowed.

Housing fair planned for April
A housing fair featuring properties at the top end of the market - Rexpo Shanghai ‘2000 - is to be staged at Shanghai International Convention Centre (SHICC) in early April.

Show scheduled to boost boat industry
By Chen Qide

A STATE-supported group is seeking ways to develop China's boat industry.

"The group is researching the market and our aim is to push the industry forward," said Cao Xinhua, a manager from the Shanghai Association of Shipbuilding Industry.

China has great potential in its market for boats but lacks the required promotion engine to facilitate the industry, Cao said.

The city has hosted four boat shows to encourage business between foreign firms and domestic firms in the industry.

On April 20, it will host a new show at Pudong's International Convention Centre, opening an area on the Huangpu River to display boats' performance capabilities.

"The show will act as a stimulus to the nation's boat industry," Cao said.

China now has over 200 factories producing more than 5,000 boats for tourism, fishing and transportation.

"But a large percentage of the top-grade boats are still imported," Cao said. Many foreign boat manufacturers believe the outlook is bright for the Chinese market because labour is cheap and the demand for police and anti-smuggling boats is growing.

Shanghai needs high-speed boats to open new lines, deluxe pleasure boats for tourism and patrol boats for Customs, environmental protection and fire fighting, according to Cao.

The city already ranks third in manufacturing of high-speed hydrofoils after the United States and Japan. But the industry needs more money and technology to expand.

At present, the boat industry is not on the city government agenda which focuses on aviation, highways, railways and subways.

China began to manufacture pleasure boats with glass fibre reinforced plastic technology in the 1950s and factories are now located in Shanghai, and Jiangsu, Zhejiang, Guangdong, Fujian and Shandong provinces.

Copyright 2000 by Shanghai Star. All rights reserved.