| FRIDAY FEBURARY 25 2000 PUBLISHED BY CHINA DAILY | |||||
| CITY NEWS | |||||
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'No worry' on imported meat Blue book predicts robust shipping Infrastructure plans for 2000 released Festival travellers return New taxi service: minibuses for the disabled Coastal border control tightened Police raid nabs men in sex blackmail scam Bright lights, big city Spring period wine vessel from Shenshan Sexism at work |
Brief
Tunnel under river WORK will soon begin on the fourth tunnel under the Huangpu River in Shanghai. The tunnel, nearly 3,000 metres long in total, will be put into operation in 2003. It will be an eight-lane tunnel built by Shanghai Urban Construction Group and Shanghai Waterway Bureau, involving a total investment of nearly 1.1 billion yuan ($132.8 million). The tunnel will start from Wusong Park in the west and end at Sancha Port in the east. Experts note that the construction process will be very complicated. New flight route SHANGHAI Airlines is preparing for regular flights from Shanghai to Phnom Penh, capital city of Cambodia. An application will be delivered to the Civil Aviation Administration of China for approval of the right to manage the air route, said Xia Benjian, an airline manager. "We predict a bright outlook for the market," Xia said. Last Friday, the airline opened its first chartered plane service from Shanghai to Phnom Penh. The route of 3,193 kilometres, takes more than four hours. "Opening direct flights will stimulate tourism between the two cities," Xia said. Markets rally CHINA has over 45.32 million investors with accounts in stock exchanges, according to Shanghai Securities News. The newspaper said 5 million stock accounts were opened over the past half a year. Strong stock market rallies last week prompted a sudden increase of new accounts at the Shanghai and Shenzhen stock exchanges, reflecting a renewed confidence in the prospect of the Chinese economy, the report quoted analysts as saying. During February 14-17, the Shenzhen Stock Exchange saw 130,000 new stock investo rs, a number which is equal to 80 per cent of the total accounts opened in January. (Star-Xinhua) Copyright 2000 by Shanghai Star. All rights reserved. |
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