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.
Trains for metro, light rails arrive
NEW metro trains to be used on Metro Line 2 and the elevated light track under construction have arrived in Shanghai from Germany.
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.
US helps export index stay buoyant
By Chen Qide
THE composite index for China's export containers was reported at 1,179.02 points yesterday, up 1.8 per cent last week. "The index is expected to go up thanks to China's booming economy," said Chen Yan, a spokeswoman with the Shanghai Shipping Exchange. Services bound for the west and east coasts of the United States are brisk with their indexes reaching 1,322.20 points and 1,563.62 points, an increase of 1.1 per cent and 2.3 per cent respectively. Statistics show that between January and April China exported 893,100 20-foot containers to the United States, up 4.9 per cent over the same period last year. Long Beach port imported 178,489 20-foot containers in March and Los Angeles handled 407,032 20-foot containers in the same month. The index for Hong Kong services was reported at 912.62 points, a rise of 26.4 per cent over last month.
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