1st step to intelligent cars
EVEN if you are a newcomer to London, Paris or New York, you can drive through the zigzagging roads or back streets without getting lost with an intelligent transportation system (ITS) in your car.
Philips builds two bases for research
PHILIPS launched two research facilities recently in Shanghai and Xi'an, capital city of Northwest China's Shaanxi Province.
Shopping from home the next big thing
HOME-SHOPPING is expected to net 5 to 8 billion yuan ($605-967 million) in total sales in 2005 and account for about 4 per cent of total retail sales in the city.
Centre to regulate ad market
SHANGHAI now has China's first advertisement clearing house established to level the playing field in the nascent advertising market.
More input urged to fund industrial R&D
INDUSTRIAL companies have been urged to allocate more sales revenue for research and development projects to maintain Shanghai's leadership in China's industrial development.
Housing sales in 15% yearly gain
THE property market in Shanghai achieved an increase of 21.1 billion yuan ($2.6 billion) in transaction value in 1999, a 15 per cent increase over 1998, according to the latest statistics released by Shanghai Municipal Statistics Bureau.
Nortel to speed Internet services
HELP is on the way for Internet surfers here who once suffered from the slow transmission speeds and high costs resulting from the narrow bandwidth of the Internet service providers (ISPs).
Huashan Rd 'Butterfly' for sale
KERRY Development (Shanghai) Co Ltd will begin sales of its new residential properties this month in Shanghai.
Lucent opens 4th China R&D centre
LUCENT Technologies, a US-based global telecommunication company, has opened its fourth China-based research and development centre in Shanghai to develop up-to-date technology on the next generation of high-speed switching and transmission systems.
Xilinx launches Virtex-EM family
XILINX, an innovator of complete programmable logic solutions, recently announced the launch in Shanghai of its Virtex-E Extended Memory (Virtex-EM) family, the company's newest family of FPGAs (field programmable gate array) that provides greater block RAM and higher memory bandwidth for special applications.
Website set up for express delivery
DAZHONG Group last weekend set up a website for express delivery services in the hope to increase its share of the competitive logistics market.
Container shipping brisk
By Chen Qide
CHINA'S composite index for export containers was 1,153.8 points yesterday, up 1.2 per cent over last week, Liu Xiaoliang, a spokesman with the Shanghai Shipping Exchange said. "The increase indicates the shipping business is brisk with sufficient containers waiting to be transported," Liu said. The world's economy is taking a turn for the better, which has stimulated the container business. Many shipping companies are opening new container services. "Services bound for the United States are especially good and many companies want to grab a share of the US market," he said. At present, ports on the West Coast of the United States are crowded with containers as a result of delays in land-to-sea transportation. Some shipping companies are considering water transportation via the Panama Canal and the Suez Canal while expanding services bound for the East Coast of the United States, Liu said. He said shipping companies from China, Japan and France will open new services bound for the East Coast. The Grand Alliance will use ships, each carrying 4,000 20-foot containers, to replace small vessels. "Services bound for Australia are animated due to China's increasing exports," Liu said. In the first two months of this year, China exported goods valued at $460 million to Australia, up 38.1 per cent over the same period last year.
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