TUESDAY APRIL 18 2000      PUBLISHED BY CHINA DAILY
                                                           BUSINESS

Service sector full of potential
FACING a slight decline in foreign investment, Shanghai is being urged to turn to the service sector - ranging from accounting, consulting, law, tourism to education - to reverse the tide.

Sino-EU talks on WTO push shipping high
CHINA'S container business outlook is bright as its negotiations with Europe about the entry into the World Trade Organization (WTO) continue smoothly.

Certificates for OTC medicines to be discussed
ALL pharmaceutical companies wishing to grab a share of the OTC (over-the-counter) medicines market in China need to apply for certificates for their products this August.

Jinjiang gets five-star rating
JINJIANG Hotel was awarded a five-star hotel rating last week by the National Tourism Administration, making it the 12th five-star hotel in Shanghai.

Epson offers long-lasting prints
YOU may want copies of your favourite photos to be brilliant and last as long as possible. But conventional printers can let you down.

In search of sub-contracts
MAJOR software producers in Shanghai have joined forces to woo more sub-contracts and orders from overseas markets.

Internet, mobile phone match up
PRODUCERS are clamouring for new applications software to cement the marriage between the Internet and mobile telecommunication.

Website offers sympathy over big and small ills
CHINA'S first on-line problem page which invites comments from people who have suffered everyday setbacks from being ripped off to getting the sack has opened at zhaodaola.com.

Serviced offices come to Shanghai
FOR the Shanghai real estate market, 1998 and 1999 was the era of serviced apartments. Will 2000 usher in the era of serviced offices? Vigers Shanghai Research Department takes a look at three businesses offering serviced offices in Shanghai: "Instant office" from Regus, "Executive Suite" from Servcorp and "AABiz Center" from BAA.

Brief

Bayer to build Pudong R&D centre
By Tracy Tao

CHEMICAL company Bayer of Germany last week announced an investment of $10 million in a research and development centre for applied polymer technology in Pudong's Jinqiao Export and Processing Zone.

The centre, the first one of its kind to be established by the group in the world, fully displayed Bayer's confidence in Pudong's development.

Pointing to General Motors, Sharp Electronics Producing Co Ltd and other manufacturing companies around where Bayer's centre is to be established. "It will be one of the most promising zones for the manufacturing and sale of autos, auto parts and domestic electronics in China. We expect good results from the centre here in Jinqiao," said an officer from the Bayer China Co Ltd, Shanghai representative office.

Besides the research and development centre, Bayer is also planning to establish an integrated chemical site in Shanghai's Caojing Chemical Industry Park, with a total investment of over $2.5 billion.

The letter of intent for one of the projects in this plan to set up a $450 million polycarbonate production line has been signed, he said, adding other projects are still under negotiation.

"This investment plan will be Bayer's largest investment into China," said the officer. "The technological centre in Pudong can also support the production lines in Caojing and other areas in China."

Copyright 2000 by Shanghai Star. All rights reserved.