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.

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.

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.

Pact to help China Shipping prosper
By Chen Qide

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.

CSC President Li Kelin said: "We are ahead of the competition in co-operating with foreign counterparts."

The president believes the shipping industry will boom as China enters the WTO and it will rely heavily on containers.

At present, 95 per cent of the nation's traded commodities are transported by sea. CSC, with a fleet of 91 container ships, has established a network consisting of more than 40 services.

Under the agreement, as of March 1 the joint shipping capacity of the two companies will be increased to 139,000 containers on services bound for the Far East from Europe. The ships will call at 28 ports in the Far East, the Mediterranean Sea and Europe.

"This agreement is an important strategy for both companies as they struggle to enlarge their share of the global shipping market," said Tristan Vieljeux, president of CMA CGM.

He also said this latest move will lay the foundations for further co-operation between the two companies in future on services bound for North America and other parts of the world.

CMA CGM entered China in 1992 and handled 140,000 containers along the nation's coastal areas last year.

"The business is expected to grow by 30 per cent this year," said John Wang, managing director of CMA CGM (China) Shipping Company Ltd.

CSC is the French company's first partner in China.

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