Michelin sells safe driving
GLOBAL tyre maker Michelin Group has launched a programme aimed at educating student drivers about the correlation between tyre maintanence and road safety.
Suzhou Creek renewal aids seller
A DEVELOPER of Tianding Garden, located at Suzhou Road West, is expecting better sales of the residential property with the official launch of the revamping project of Suzhou Creek by local government.
Live the e-life at downtown property
HONG Kong-based Shui On Properties Ltd and Shanghai Zhonghong Group, developers of Ruihong Xincheng residential estate, have teamed up with IBM to provide multimedia e-living infrastructure.
Banks unload bad loans
THE establishment of China Orient Asset Management Co (COAMC) last month, has brought to four the State-owned national asset management firms since last April, when China Xinda Asset Management Co - the first national asset management firm - made its business debut in Beijing.
Local dotcoms up in arms about tactics
PORTALS in China say the launch of the government-funded Eastday.com website has not adversely affected their membership or visitor numbers.
Eastday debut a smash
MORE than 50,000 Internet users bombarded Eastday.com within minutes of its launch on May 28, all trying to be among the first batch of registered users, said staff with the new website.
Dow Corning to expand westwards
CHINA'S entry into the World Trade Organization (WTO) will be a tremendous business opportunity for Dow Corning to strengthen its presence in the market that has one quarter of the world's consumers, a senior manager of the US-based global silicon material giant said.
US helps export index stay buoyant
THE composite index for China's export containers was reported at 1,179.02 points yesterday, up 1.8 per cent last week.
GM leads the way with more choice in cars
WITH the new GM e-concept car, driving is about much more than getting from A to B.
Trains for metro, light rails arrive
By Lu Chang
NEW metro trains to be used on Metro Line 2 and the elevated light track under construction have arrived in Shanghai from Germany. Each train has four carriages and two locomotives, weighing a total of 202 tons. The Sino-Polish Joint Stock Shipping Company has shipped 16 coaches for Metro Line 1 and 14 for Line 2, since 1992. Another 21 metro trains will be transported by the company by April, 2002. "The transportation requires careful handling because the trains are delicate and fragile," said Paul Trenkle, consultant project manager with Europe Transport Consultants. The company now has 20 multipurpose vessels that can carry a combined 15,200 20-foot containers. The company, China's first Sino-foreign joint venture, has set up agencies in major port cities including Dalian, Tianjin, Yantai, Guangzhou and Xiamen. "The recent shipping business was not good because of the Asian financial crisis," said Jerzy Korecki, general director of the company. "We have rivals in China's market, including foreign counterparts," he said. However, Jaroslaw Zawadzki, management division manager with the company, said that throughout 49-years of operations in China the company has gained precious experience and is familiar with the market, which is an advantage other foreign countries can't reach.
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