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.

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

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.

Exhibition business faring well
By Zeng Min

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.

"Trade fairs will open a wider channel for the two countries to trade their products and services and enhance their economic ties," said Peter Neven, managing director of the Association of the German Trade Fair Industry (AUMA) in a recent interview with Shanghai Star.

Germany is the world's No 1 trade exhibition host, which holds about two thirds of the world's leading and prominent expositions every year.

In 1999 alone, the country attracted 162,000 exhibitors and more than 10 million visitors from over 190 countries and regions around the world to join in fairs there.

"Germany, as a leading player in the global exhibition business, can help its Chinese trade fair counterparts to grow through exchanges of expertise in marketing, services and general experience in hosting fairs," said Neven.

Neven said he was impressed by the rapid growth in the Chinese fairs and exhibition sector but pointed out that China must rid itself of the number of repetitive shows it currently encourages and set up an association to supervise the business.

"The sector is booming but, left to run pretty much with a free rein, has produced too many fairs on the same theme."

He said it is essential that some kind of supervisory body is set up to co-ordinate, serve and regulate the industry and to ensure fair play.

Turning to Shanghai, Neven said he hoped to enhance co-operation with Shanghai businesses in trade fairs as the city is evolving into one of the leading exhibition centres in China.

Alongside Beijing and Guangzhou, Shanghai has become a focus of the trade fair industry.

The latest fruit of German-Sino co-operation in the industry is the planned construction in Pudong of a grand show hall, Shanghai New International Expo Centre, the fifth such centre in Shanghai with an investment of $99 million.

The project, to be constructed this year, is funded by Shanghai Pudong Land Development (Holding) Corp which is to hold a 50 per cent stake, and three German firms, each retaining a third of the remaining shares.

Copyright 2000 by Shanghai Star. All rights reserved.