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.
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.
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.
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. "Actually, the green belts established along the creek to help the revamp project have helped us to attract many customers," said Xiao Haitao, vice-general manager of Shanghai Tianding Industry Co Ltd, which is a local company with some US investment. Tianding Garden is the company's first property investment in Shanghai. It is a residential garden planned to have three six-storey buildings, five eight- to 12-storey buildings, a research facilities building of 19 storeys and a residential building of 26 or 28 floors. The land area is 19,000 square metres with "48.6 per cent being allotted to green area," Xiao said. The construction area totals 35,000 square metres. "Altogether, there are over 280 apartment units," he said. The largest is over 230 square metres, usually at the top of the lower buildings, with two-floors inside the apartment. The smallest is 86 square metres, consisting of two bedrooms and two sitting-rooms. Xiao promised buyers could move into apartments in all buildings except the two tall ones, with proper certificates by the end of October. The company will then start the construction of the two tall buildings, one of which, the research building, will be used by the former landowner, Shanghai Number Three Wireless Electronics Factory. All the ground floors of the three buildings surrounding the plaza will be used as shops, hair salons or other service centres instead, according to Xiao. "We hope to make the living here convenient and comfortable," Xiao said. The average price for the properties is 5,800 yuan ($700) to 6,300 yuan ($760) before the completion of the construction. The management fee will be charged at 1.5 yuan ($0.18) a square metre a month. (Star News)
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