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  • A global forum on the World Expo-related business opportunities for European Union countries opened yesterday in Brussels, Belgium.
    The forum World Expo Shanghai: Business opportunities and Cooperation is co-organized by Bureau of Shanghai World Expo Coordination, European-China Trade Association and Belgian-Chinese Economic and Commercial Council.
    More than 80 entrepreneurs from the European Union Countries attended the forum.--6/30/2004

  • Aomen Road, between the boundary of Putuo District and Jing'an District, will be built into a modern street lined with various entertainment complexes as early as this year, officials of Shanghai Construction and Management Commission said yesterday. Essentially, the government expects to enlarge the business area of the existing Yuexing Furniture Plaza and build several open-air restaurants such as those in Xintiandi. The road, which now houses different styles of residential apartments, furniture shops and small restaurants, will eventually become a typical "entertainment street" in the city.. --6/28/2004

  • Migrant graduate students who fail to acquire a permanent residence permit, for the first time, can apply for a Shanghai residence card, which entitles them to the same benefits as locals.
    Meanwhile the application for permanent residence permits continues, the Shanghai Career Guidance Center for Graduates announced yesterday. --6/27/2004

  • Travel agencies say their business for outbound tours is improving and may get even better.
    "Sources familiar with the industry predict that EU tourism will open to Chinese citizens in September or October," said Zhang Wenjia, chief representative of the Switzerland Tourism Beijing Office.She said Switzerland will probably open the door at the same time as other EU countries.
    Wu Derong, European department manager of Shanghai China Youth Travel Service, said the local market can expect a "mini-boom" after EU countries open to Chinese group tourism and Switzerland would be a favorite destination. Cost for European tours, which ranges from about 15,000 yuan (US$1,807) to 20,000 yuan, will hopefully be cut by 25 percent, Wu added.--6/24/2004

  • The deadline for the collection of World Expo logo and slogan suggestions will be delayed until July 31, the Shanghai World Expo Coordination Bureau announced yesterday. It also announced the best logo designer will win 200,000 yuan (US$24,096) and the best 10 slogan creators will receive 5,000 yuan each. Those interested in creating an entry need to base submissions on the theme: "Better City, Better Life." The competition is open to everyone. For more information visit the Website or call 6120-2010.--6/22/2004

  • The two-day Yangtze River Delta population development strategy symposium was launched in the city yesterday. Some 100 experts from Shanghai, Zhejiang and Jiangsu provinces took part in the forum. The increasing floating population, unbalanced distribution and aging tendencies create difficulty in its management, which hampers economic development. --6/21/2004

  • Saha-Union from Thailand, together with another 11 foreign companies, got the go-ahead on June 17 from the municipal government of Shanghai to settle its regional headquarters in this financial hub of east China.
    The move by the 12 foreign companies brought the total number of regional headquarters of transnational corporations to 69 in Shanghai, according to the local economic and trade authority.
    The Saha-Union funded one thermal power station in eastern and southwestern China annually in the past 11 years, with a combined investment of more than US$200 million, according to Laksana Jarusaengpairoj, vice general manager of the Thai company.
    The other 11 foreign companies which also obtained permission to set up regional headquarters in Shanghai included the General Motors of the United States, Loreal of France, Shiseido of Japan, Otsuka and Toyo Ink Corporate Management of Japan, Carrier AC & Refrigeration Management from the United States and GT Tire of Singapore.--6/20/2004

  • The 2004 Shanghai International Dragon Boat Race takes place tomorrow at 1:30 pm along Suzhou Creek.
    Thirty teams have entered the paddling competition.
    The race,hosted by the Putuo District government,will startalong Suzhou Creek at Changhua Road and finish near Jiangning Road.It's a 250-meter stretch.--6/19/2004

  • The first metro train for the northern extension of RT No. 1 arrived in Shanghai yesterday.The new train, produced by a Chinese joint venture under Canada's Bombardier, is bigger than the existing trains with each car able to carry 420 passengers, about 10 more than existing cars.
    Shanghai Metro Operation Co Ltd, operator of the city's two subways and an elevated metro line, said 10 new trains will run on the RT No. 1 extension when it's put into trial operation by the end of the year. Each will be made up of six cars.
    For standing passengers, handles are installed on poles above their heads and hang down for them to grab, said Zou Song, an official with the company. As most of the RT No. 1 extension is on elevated rails, the trains have special plastic films on the windows to protect people from ultraviolet rays.The backs of the seats lean backwards for passenger comfort.
    The 12-kilometer-long northern extension, linking Shanghai Railway Station to Taihe Road in Baoshan District will be the city's fifth metro line.--6/18/2004

  • Shanghai has carried out Chinese central government's macro-control measures in an efficient way, keeping a steady and healthy economic development, Shanghai Mayor Han Zheng said to the members of the Chinese People's Political Consultative Conference (CPPCC) Shanghai Committee yesterday afternoon.
    A series of macro-control policies issued by the Chinese central government have been implemented in Shanghai, showing positive effects with economic structure optimized, economic returns and quality improved and local economy growing in a healthy and steady way, Mayor Han said.
    Currently, the city is laying emphasis on the following issues: first, stepping up strategies of developing the market by relying on science and education, focusing on improving the level of science and technology and the quality of workers; second, enhancing structure adjustment; third, focusing on making use of resources, especially land resources; fourth, enhancing development through various reforms, he added.--6/17/2004

  • Harvard Business School, one of the top business schools in the world, is looking forward to recruiting more Chinese students despite tightened immigration restrictions in the United States.
    The school's dean, Kim B. Clark, said in the city yesterday that Harvard is waiting for Chinese applicants with an excellent academic background, capacity for leadership and good personal character - such as integrity, personal accountability and trustworthiness.--6/16/2004

  • The city is looking for sponsors of the upcoming Chinese University Games to lease out 16,000 square meters of advertising space specially allocated for the event, the games organizing committee announced yesterday.
    The games, one of the biggest sporting events in China, will take place in Shanghai in August.
    A variety of media resources, including huge billboards along expressways, posters in subway stations and at bus stops, banners and mascots in residential areas, are ready for rental. --6/15/2004

  • Pudong's economy grew steadily in the first three months of this year. Its Gross Domestic Product reached 37.1 billion yuan (US$4.5 billion) from January to March, up 17.5 percent year on year.
    At the same time, four financial institutions set up offices in Liujiazui Finance and Trade Zone. To date, the district is home to 154 financial institutions, accounting for 27 percent of the city's total.
    Shanghai waigaoqiao Bounded Logistics Zone, a 1.03-square-kilometer zone, connecting Waigaoqiao Free Trade Zone with harbors, was put into operation in the middle of April. Now about 12 enterprises have signed up to enter the zone.
    Meanwhile, high-tech and processing industries are developing rapidly. Zhangjiang High-Tech Park, a well-known high-tech industrial zone in the district, attracted the Research and Development center of Roche Pharmaceuticals to launch in, and it is the first time for the medicine giant to set up a R&D center in a developing country.
    What's more, the processing output of IT products in Shanghai Jinqiao Export Processing Zone rose 44.9 percent year on year.--6/11/2004

  • Twelve multinational companies have got the go-ahead from the Shanghai municipal government to establish their regional headquarters in Shanghai this year.
    As of last year, a series of policies have been issued to attract multinationals to launch regional headquarters and R&D institutes in the city.
    To date, a total of 68 multinational companies have established their regional headquarters in Shanghai, the second biggest number in China, next only to Hong Kong.
    By yesterday, there were 118 foreign-invested research and development (R&D) institutes in Shanghai, each with investment volumes of more than US$2 million. The number of local foreign invested R&D institutes is the second largest in China, next only to Beijing.
    Shanghai is focusing on attracting quality and high-level foreign investors, especially high-tech firms. --6/10/2004

  • More than 1,5,000 business people from more than 30 countries and regions are thronging to Shanghai for global sourcing at the ongoing 10th China Retail Conference & Exhibition (CRC2004).
    Products of 500 manufacturers from home and abroad will be showcased at the event, which, recognized as the No. 1 event in the retail industry in China, has started will run through June 8 through 10 at Shanghai New International Expo Center (SNIEC).--6/9/2004

  • The Third Shanghai International Ballet Competition will be held from June 25 to July 2. It has received 99 applications from more than 20 countries and regions this year, a record high in the competition's history. Artistic Director Frank Anderson of the Royal Danish Ballet will become the first foreigner to chair the event's jury and the top prize winner will get US$12,000. --6/9/2004

  • Expanding the urban planning from the downtown areas to all the city's entire 6,340 square kilometers, Shanghai government is speeding up the infrastructure construction in suburban area to improve the rural life.
    One of the moves is to improve the road network linking the downtown and suburban areas. The key projects for this year focus on restructuring of six roads to better their connection to the highways, which are under construction in the city.--6/7/2004

  • The upcoming college entrance examination has driven up the local taxi bookings, with the major taxi firms reporting full reservations during the exam period from June 7 to 9.
    Many parents have booked cabs very early for their children to guarantee that they can arrive at the examination sites on time. According to the four major taxi dispatch centers, by yesterday, Dazhong Transportation received total bookings of more than 12,000 for the three-day exam period; Qiangsheng registered more than 3,000 bookings; Jinjiang reported 1,200-plus bookings and Bashi registered 2,000-odd reservations.
    Currently, all the taxi dispatch centers in the city have reported full bookings from June 7 to 9, so public vehicles will also be dispatched to satisfy more candidates as possible.--6/6/2004

  • The All-Star Rally for the Special Olympics, an event calling for support for the 2007 Special Olympics to be hosted by Shanghai, will be held on June 11, the organizing committee of the games said yesterday. Yao Ming, China's most famous basketball player, as well as some singers from across the country, including Hong Kong and Taiwan, will perform at a party that evening. Officials said Yao and the other stars will also attend a small Special Olympic games in a local special school that morning.--6/4/2004

  • After more than 500 days of construction, Shanghai F1 car-racing track will be examined governors in the international motor sports.
    Officials and technicians with Federation International Automobile (FIA) arrived in Shanghai yesterday. They will check the F1 racing track in terms of inner defensive system in the tyre wall and buffer strips, and the telecommunication network in the racing area. Construction on main part of the track and racing plant has completed. The racing track will make its debut in the national motor championship on this weekend.
    The city will witness its first F1 match this September if the track passes the inspection. --6/3/2004

  • Shanghai has won the right to host the season-ending Masters Cup from 2005 to 2007,a Shanghai sports official said.
    The official said that the Shanghai Sports Administration and ATP had already signed an agreement on the deal.The official announcement will be made by the Shanghai Sports Administration on Thursday,added the official.
    Shanghai hosted the Masters Cup for the first time in 2002.--6/2/2004

  • The Shanghai government has invested more than 1.3 billion yuan (US$157 million) in about 2,900 poverty-reduction projects over the past 12 years, it announced yesterday.
    In accordance with plans drawn up by the State Council, Shanghai is responsible for offering financial support and human resources to eight poverty-stricken districts in central and western China including Yunnan Province, and the Xinjiang Uygur and Tibet Autonomous Regions.--6/1/2004



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