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  • The central government ordered last month that prepaid consumer cards not be used around the country after February 28. Anyone who releases such cards after that date will be penalized.

  • More Shanghai residents are planning to purchase their own cars, a recent survey indicated.

  • Food consumption in Shanghai this year is expected to reach US$9 billion. Local food brands are selling well and they usually take up almost half of the market.

  • The Shanghai government is striving to limit the city's registered unemployment rate to around 4.5 percent for the next five years.

  • The city government will invest US$30.1 billion in its industrial zones within the next five years.

  • Shanghai's private enterprises are developing fast and have occupied a major share of the city's economy. Last year, they increased output value by US$3.4 billion.

  • The China Life Co., Ltd. Shanghai Branch has vowed to spare no efforts to further improve its management and services in a bid to tackle the challenges brought about by China's upcoming accession into the WTO.

  • The Ninth Shanghai International Automotive Industry Exhibition will be held at Shanghai International Exhibition Center, Shanghaimart and Shanghai Everbright Convention Center between June 19 and 24.

  • The city's industrial sector plans to introduce foreign funds of US$3.5 billion to US$4 billion this year to boost its production of high-tech products.

  • Shanghai has clinched contracts of nine foreign-funded ventures valued at US$400 million that cover IT, telecommunications and precision machinery, in the first month this year.

  • A huge duty-free shop about 3,000 square meters in size will be opened this year in the Shanghai Stadium compound, in the place of a previous go-kart hall.

  • The average disposable personal income of Shanghai urban residents reached US$1,411 last year, up 7.2 percent over the previous year.

  • Shanghai-based, a website that caters mainly for the young and wealthy, is slashing its staff by about a third, another indication that Chinese Internet companies are struggling to stay afloat.

  • Logistics has been listed at the top of the seven key industries to be developed in the city's 10th Five-Year Plan Period (2001-2005) of commerce, according to sources with Shanghai Municipal Commercial Commission.



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