Air conditioners' sales hot
SHANGHAI residents are able to enjoy a much cooler summer even though the temperatures are getting hotter thanks to the dazzling array of air-conditioners available to buy.
Xerox to tap document solution market
WHEN a speaker is asked about background material on his speech in the future, all he or she need do is to press his mobile phone for immediate access to his firm's database. He can choose the material he needs and pass it to the audience's mobile phones.
Ships laden with foreign tarde
CHINA'S export container market has been brisk over the first six months of the year with its composite index climbing to 1,182.28 points yesterday, up more than 30 points since January.
SII president: 'Be crazy if don't invest'
SCHENECTADY International Inc (SII), a family-owned chemical company, intends to set up a factory in Shanghai.
WTO pledge benefits more foreign insurers
SUCCESS in the world of business is often about diving into the market. Which is what two European insurers will be betting on as they become the latest foreign firms to enter the Chinese insurance market.
Sales of residential housing keep rising
LOCAL property experts are very satisfied with the performance of Shanghai's real estate market and optimistic about its prospects.
Software creator on campus
WANT to make your own career in the hottest IT field in your 20s? That's what a lot of young people aspire after now. And Fu Zhangqiang is just one of them.
Memory stick makes PCs, TVs, phones compatible
AT first glance, it looks just like chewing gum.
On-line shopping volume set to soar
By Zeng Min
NINETY per cent of surfers interviewed for a recent poll said they are likely to shop in cyberspace for items ranging from a Barbie doll or a WAP phone to a sedan this year. The survey also found that on-line transactions conducted this year are expected to increase by 200 per cent over 1999. The survey was conducted by the Ministry of Information Industry, Beijing CCIDNET Information Technology Co Ltd and the China Electronic Commerce Association. On-line trading volume during the first quarter of this year surpassed the total for last year, according to the report. Sales volume in e-retail for 1999 was valued at about 55 million yuan ($6.6 million). By the end of this year, e-retail trade volume is expected to grow to more than 350 million yuan ($42 million), according to a forecast from the Beijing-based Consult.ccidnet.com. Business is expected to develop rapidly in on-line shopping, ticket booking and charging, remote education, stock trading, auctions, group bidding and medical care. On-line shopping and booking are expected to lead in e-commerce in China. Major commodities being purchased on-line in 1999 and 2000 include books, computer hardware and software, CDs and VCDs. This year, telecommunications and consumer electronics products also have great potential, according to the survey. Covering 31 municipalities, provinces and autonomous regions nationwide, the investigation found that by the end of March this year, there were more than 1,100 consumer e-commerce websites in China. Of those, about 800 were e-retail websites. The retail website best known among consumers was 8848.net, while on-line auction sites Eachnet.com and Yabuy.com were considered the most "prestigious." However, only 40 per cent of Internet users were satisfied with present on-line transaction facilities, the survey found. Most e-commerce participants in China are still testing the services. Among those who have on-line shopping experience, more than 60 per cent engaged in only one or two on-line transactions last year
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