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.

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.

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.

'No growth' forecast for cargo market
By Chen Qide

INSIDERS predict the composite freight index for China's shipping market will not rise in the upcoming after-the-festival slack season.

The Shanghai Shipping Exchange yesterday reported the index was 1,138.5 points, a drop of 0.4 per cent over last week.

"But many shipping companies are still making preparations for the possible new cargo peak," said Liu Xiaoliang, an exchange spokesman.

The companies believe the shipping market is set to boom again.

The conclusion is based on an economic report by US President Bill Clinton which predicted the US economy will grow by 2.9 per cent this year.

"Although its economy has increased for 107 months, it still shows no signs of decreasing," Liu said.

China's trade with the United States reached about 61.5 billion yuan ($7.4 billion) last year, up 12.1 per cent over the previous year.

Of the trade, exports took up 41.9 billion yuan ($5 billion), representing 21.5 per cent of the nation's total exports.

"The United States has become China's largest export market," he said.

Many shipping companies are researching the market between Asia and the US East Coast and planning to open new services.

"The Asian market is promising, though its economy is affected by a trade deficit," Liu said.

Copyright 2000 by Shanghai Star. All rights reserved.