Contact Us Sitemap Chinese Version


  • Shanghai has so far approved 4,185 Taiwanese-funded projects with a total investment of $6.6 billion. Some 352 of the projects were approved in the 11 months of 2001, involving $636 million of contractual Taiwanese investment, up 65 per cent and 270 per cent, respectively, on a yearly, on a yearly basis. Of the total, 6,000 people went across the Straits for more than 1,000 programmes of cultural, scientific and academic exchanges, and the scope of exchanges was expanded to financial and journalistic fields.--1/18/2002

  • A total of 105cars were imported into China through Shanghai Customs on January 4 and 7, with the daily imports rising 162.5 per cent above the daily imports last year. Customs officers predict that a hike in the number of imported cars is expected because China has drastically lowered the import duty on cars and no longer levies 100 per cent special customs duty on cars made in Japan.--1/18/2002

  • Shanghai will build 16 million square meters of new housing this year, with a total input of 50 billion yuan ($6 billion). Shanghai will also carry out reconstruction projects on about 1,000 residential buildings, transforming their flat roofs into sloped tops, according to the sources. In addition, Shanghai plans to add 390 hectares of green space in residential quarters this year.--1/18/2002

  • The city's transportation services are bracing for an expected surge in the volume of passengers during the Spring Festival.--1/18/2002

  • Some male housekeepers in Shanghai are able to command salaries of 10,000 yuan ($1,210) per month, over nine times the national average wage.--1/18/2002

  • Shanghai will spend a record 50 billion yuan ($6 billion)this year on major construction projects, city officials say. Major projects in planning include an elevated road, an underground tunnel across the Huangpu River, a light rail line, a 98-kilometre ring road and three expressway projects.--1/11/2002

  • Two Chinese banks will provide loans of up to 5 billion yuan ($602 million) to fund a magnetic levitated (maglev) train project in Shanghai. The loans come from the Bank of China and the Agricultural Bank of China, which have lent 3 billion yuan ($361 million) and 2 billion yuan ($241 million) respectively to shore up t;he first attempt to put maglev technology into railway passenger service in China.--1/11/2002

  • Shanghai's Pudong Nex District reported an economic growth of 16.1 per cent in 2001, which is 5.9 per cent higher than the growth rate of Shanghai as a whole. This is the 10th consecutive year in which Pudong has reported a growth rate above 16 per cent.--1/11/2002

  • According to statistics of the local tax administration, total individual income tax for Shanghai residents reached 7.8 billion yuan ($940 million) in 2001, up 30 per cent from the previous year. Each Shanghai resident paid 465 yuan ($56) in income tax on the average, according to the statistics. The figure was only 760 million yuan ($920,000) seven years ago.--1/11/2002

  • The customs bureau of Shanghai earned 58.96 billion yuan (about $7.1 billion) in tariffs last year, up 21.1 per cent over the same period in 2000.--1/11/2002

  • Shanghai recorded $4,500 gross domestic product (GDP) per capita last year, placing it first in the country. This means that Shanghai has attained the level of a country with a moderate income, according to the municipal statistics bureau. The sources said that the service and industrial sectors are the two major factors behind the city's rapid economic growth.--1/11/2002

  • Shanghai port handled a record 220 million tons of cargo in 2001, up 10 per cent over 2000. It handled 6.3 million containers last year, ranking fifth in the world. Shanghai is now the world's third-largest port in terms of over all capacity.--1/11/2002

  • A new system introduced by the city government has cut the average time spent on customs clearance and cargo handling for airfreight at Shanghai's Waigaoqiao Free Trade Zone by half, to six hours.--1/11/2002

  • International retailing giants such as British-based Tesco and the US-based Wal-Mart are looking forward to entering the Shanghai market this year. With China's entry into the World Trade Organization (WTO), Shanghai will see an increase of foreign capital in the retailing sector this year.--1/4/2002

  • Overseas banks take stakes in Shanghai. With China's entry into the WTO, foreign banks are striving to gain a better position for the follow-up competition in the market. This is particularly so in Shanghai, which is viewed by many multinationals as their first stop in tapping the nation's 7-trillion-yuan($850 billion) household savings market.--1/4/2002

  • Shanghai's Pudong and Hongqiao international airports reported a new annual record for their joint passenger throughput of 20.65 million people last year, a rise of 16.7 per cent over the same period in 2000. The figure is much higher than the average for the world's civil aviation industry.--1/4/2002

  • The Shanghai stock market raised 95.749 billion yuan ($11.5 billion)last year, up 4.08 per cent over the year 2000. By the last trading day of 2001, the Shanghai stock market had a total of 646 listed companies, which had issued 690 shares worth some 2.76 trillion yuan ($333 billion).--1/4/2002

  • News from the Fourth Scientific & Technological Exchange Conference among Overseas Scholars held in Guangzhou said Shanghai is the hottest destination in eyes of those returning overseas scholars. Most of them have set their sight on Shanghai because of the city's sound business environment.--1/4/2002

  • Statistics show that the number of local citizens who choose to "recharge themselves" by studying in night schools has increased by 100,000 people annually over the past four years. About 98 per cent of the people studying in night schools are employed. Some have even resigned from their former posts to engage themselves totally in study.--1/4/2002



    About Shme | Contact Us | Sitemap | Job Opportunity

    Best viewed with either (800*600)Netscape 4.0 or IE4.0 and above