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1998---June




  • The President of the United States, William Clinton, arrived at Xi'an on June 25. Mr. Clinton is on a 9-day state visit to China. He will also visit Shanghai after his trip to Beijing.

  • Shanghai's pharmaceutical industry is attracting more investment than ever before. Since the beginning of last year, more than US$193 million have been invested in the industry.

  • Party Secretary Huang Ju has encouraged enterprises to donate money for the establishment of 20 Project Hope primary schools in Yunnan Province. Project Hope is a non-governmental effort that aims to provide aids to poor students throughout the country.

  • A recent survey indicates that local residents spend less time in the kitchen. They tend to buy prepared food or cook-chilled food.

  • An international telecommunications show opens at Shanghai Mart on June 24 as part of China's drive to expand its information industry. More than 200 manufacturers worldwide will display their newest products.

  • Textile manufacturers in Shanghai are actively adopting new technologies to add value to their products. However, many encounter problems in doing so.

  • China's top supplier of accounting software, Shenzhen Kingdee Software, will provide software solutions for more small- and medium-sized State enterprises in Shanghai this year at the request of the Ministry of Finance.

  • The city's top decision-makers are confident that they can meet this year's targeted economic growth rate despite a snail-paced growth at the beginning months.

  • Local manufacturers are playing an ever-increasing role in developing the city's foreign trade. So far, more than 500 manufacturing companies in Shanghai has obtained export rights.

  • Despite the Asian financial crisis, many foreign businesses are still investing in the city's Songjiang Industrial Zone as part of their strategy to expand their business in China.

  • Senior Chinese officials reiterated in Beijing that the Chinese renminbi will not be devalued. The statement was made on June 22.

  • A photo book containing the photos of President Jiang Zemin's 5-day visit to the U.S. last year has been published in Shanghai. It is now hitting the bookstores throughout the city.

  • The United States has become Shanghai's second largest trading partner and the second largest investing country. About 20 American multinationals have set up their offices in the city.

  • Shanghai ranks the first in GDP among provinces, municipalities and special regions nationwide. It comes third among the country's megacities.

  • Local residents are having a wider selection of water melons to choose from. Many new varieties either from the neighboring provinces or from Taiwan or Japan are being sold on the market.

  • Eight of every 100 Shanghai residents have a mobile at the end of May, pushing the total number of mobile phones to 1 million.

  • The Shanghai History Museum will bid farewell to its temporary venue in western Hongqiao area and finally move into its permanent home in Oriental Pearl TV Tower, a landmark sight of the city.

  • Local residents are responding quickly to a recent government decision allowing them to trade the use rights of publicly-owned apartments without kitchens and toilets.

  • Regal Shanghai East Asia Hotel, a four-star property managed by the Hong Kong-based Regal Hotels International, announced its grand opening on June 18.

  • Though traditional chemical medicines still account for the larger proportion of the local medicine market, bio-medicines are showing its great potential as more than US$192 million has been invested in the industry.

  • Fengxian County will increase its economy by 15.4% annually to reach a GDP of US$1.24 billion in the year 2000, local officials predict.

  • ChinaPhoto '98, an international exhibition featuring digital cameras, opened at the Shanghai International Exhibition Center on June 18.

  • Cross the Atlantic Ocean--President Jiang Zemin's U.S. Visit in 1997, a movie featuring President Jiang's visit to the United States last year, is being premiered in Shanghai.

  • University students in Shanghai often complains about sharing a dorm with seven other fellow students. A city-wide effort to built apartment buildings for university students will reduce the number of roommates to four. The project is expected to be completed by the year 2000.

  • As more and more foreign-invested enterprises flocked into Caohejing Hi-Tech Park, the area has become a new profit center. Besides, it is the most populated so far as high-tech enterprises are concerned.

  • A recent survey revealed that 81.4% of local residents think that TV ads are the most successful to get across its intended message to consumers.

  • Forty multinationals have set up their China headquarters in Shanghai, according to the Shanghai Foreign Investment Commission. They include Kodak, Coca-Cola, Inland, Allied-Signal, GE, Gillette, Philips, Roche, Bayer, Unilever, and so on.

  • The efforts to control an explosive population in Shanghai are paying off as the city now registers a low birth rate, low death rate and low population growth rate.

  • The State Development and Planning Commission has approved a proposal for the first-phase project-- which is expected to cost more than US$964 million--to harness Suzhou Creek.

  • The worn-out Lu Xun Museum, built in 1956, closed its doors to visitors on June 8 for a renovation project which will increase its area to 5,000 square meters.

  • Shanghai's municipal government announced 24 policies recently to encourage enterprises from other parts of the country to invest in the city.

  • The world's biggest elevator manufacturer--Otis--hopes to increase sales in Shanghai by building slower, smaller elevators.

  • Italian President Oscar Luigi Scalfaro visited Shanghai on June 12. Mr. Scalfaro arrived in Beijing on June 8 in a six-day state visit to China.

  • China's currency will remain stable in spite of mounting pressure on the country's exports caused by the recent devaluation of the Japanese yen.

  • In the next 20 years, Shanghai's population will grow older and the city will have a smaller proportion of children, according to a local demographer.

  • June 5 is International Environment Day. Mayor Xu Kuangdi said in a televised speech on June 4 that the government will make more environmental efforts to achieve sustainable economic development.

  • As the summer approaches, local experts are suggesting that fee-for- service should be adopted in the garbage-collecting industry.

  • Pudong authorities are launching a campaign to clear up illegal buildings that house small street-side businesses or stalls.

  • Local universities are planning to enroll as many as 27,123 freshmen this year. Among them, 5,847 are students of arts and 21,276 students of sciences.

  • Boutiques are becoming a familiar sight on the streets of Shanghai. Almost half of the stores at Sichuan (N) Road are boutiques of a sort. They usually feature world-famous and locally brand-names.

  • More than 90 percent of farmers in Shanghai's suburbs are now benefiting from the local medical-care security system.

  • The city is launching a campaign to crack down on smuggling. In the first four months this year, local authorities uncovered 112 smuggling cases involving US$15.4 million.

  • Shanghai is planning the third phase of its largest sewerage project to support the cleanup drive of Suzhou Creek. The project will handle 1.7 million cubic meters of sewage.

  • Shanghai Mayor Xu Kuangdi stressed on June 3 that Shanghai should get everything ready for the purchasing and retailing of the summer harvest of grain, a timely response to a central government meeting on the issue.

  • Although the month-long Shanghai International Festival of Arts ended on the last day of May, the clapometer for its success still seems to be cracking.

  • Local experts are calling for firm efforts to bring vehicle exhaust emission under control. With 654,000 vehicles and 500,000 mopeds, the city consumes 1.1 million tons of gasoline every year.
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