FRIDAY JUNE 23 2000      PUBLISHED BY CHINA DAILY
                                                           CITY NEWS

Rainfall at this plum rain season normal
CONTINUOUS showers during the week ushered in the first installment of the plum rain season this year, according to Shanghai Central Meteorological Station.

AIDS boy Peng Peng passes away
PENG Peng, the 14-year-old haemophiliac who was infected with the AIDS virus through a blood transfusion, died on Tuesday. (See Peng Peng's stories on front page of Shanghai Star on May 30 and June 2).

Huating moves
IN just a few months, Shanghai will say goodbye to Huating Road Clothes Market where over 15,000 foreign visitors and countless domestic people go shopping every year.

Timeshare hotel concept checks in
TIMESHARE hotel room booking concept and service is now making inroads in China.

ROK delegation here for talks
AN eight-member delegation from Cholla-Namdo in the Republic of Korea, led by Governor Huh Kyung Man, will arrive in Shanghai today for a one-day visit. Huh is expected to meet Mayor Xu Kuangdi this evening.

China, Iran look forward to increased trade in future
IRANIAN and Chinese business people explored potential for further exchanges and co-operation at a seminar titled "Sino-Iranian Trade and Investment Opportunities Seminar" yesterday afternoon.

Bookshops turn over new leaf on piracy
THE city's 151 State-owned book stores have made a public pledge to fight against pirated books, audio-video and electronic publications.

Survey sparks controversy
SENIOR researchers have called into question the authenticity of a recent report which claimed the divorce rate among laid-off women workers in the city is rising.

Cheat in the name of 'helping the poor'
POLICE are investigating a case of fraud involving 1 million yuan ($120,000) in which a man exploited China's drive to develop the poverty stricken areas.

She escapes from warring island
ZHANG Meifang, the only Shanghainese in the 117 Chinese stranded in the Solomon Islands following the breaking out of the conflict on the islands, told her tale of woe recently to local reporters.

Study abroad tempts local teenagers
AS living standards improve and China's opening-up progresses, local students are choosing to study in foreign schools and universities in increasing number.

A passion for study overseas
KE Qing's parents struggle to survive on meagre pensions, but they have done everything they can to support their daughter who is passionate about studying abroad.

Brief

Entrepreneurs warned not to neglect their studies
By Xiao Wan

WHILE experts agree university students who go into business can reap enormous benefit from the practical experience, they warn these students against neglecting their studies.

Han Hualin, a senior researcher at Shanghai Academy of Social Sciences said Chinese students used to concentrate too much on book learning which made it hard for them to adjust to work after graduation.

Now more university students are starting businesses themselves.

"But they must learn to strike a balance between their studies and their business engagements," said Han.

Yang Gang, 24, a graduate from the electrical engineering department of Shanghai Jiaotong University, agreed.

Yang was one of 20 students at Jiaotong University who elected to start their own companies, before or after graduation.

He emphasized that setting up on his own has been tough.

He said that to his knowledge most students in Beijing who had started their own business were surviving with great difficulty.

"Compared to them, our circumstances are better," he said.

He began negotiating for his company's first injection of venture capital of half a million yuan ($60,400) in December last year, after winning first prize in the first "Challenger Cup" Business Plan Competition Among University Students with a project on "on-line publication and electrical books."

The negotiations failed.

In late April this year, Yang and his partners succeeded in winning multi-million-yuan venture capital from Beijing Venture Capital Co Ltd.

Last December he applied to start his own company, Shanghai We-bon Digital Technology Corporation Ltd, for which he still does not have a licence.

The company now has 10 employees, predominantly graduate students from Jiaotong University, some of them still studying.

Yang and his partners are now determined to launch e-books.

He said only a small number of top college students can start businesses independently.

"It is dangerous to encourage all students to do this," he said.

Copyright 2000 by Shanghai Star. All rights reserved.