U.S. Commercial Service - American Embassy, Beijing
Vol. 2 No. 155
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Editor: Matthew Gettman
Contributors:CS Guangzhou, Shen Yan, Cao Shujuan, Qiu Jing, Peng Aiqun, Xu Ye
1.Plan for Guangzhou Metro Line No. 5 Released
2.China’s Industrial Output Grows in February
3. hina On-line Stock Exchange Business was 5.27 million Users Strong in 2003
4.China to promote digital cable TV
5.Beijing IT Industry Output Will Reach RMB300 Billion (USD 36 billion)
6.Three Hundred and Thirty Two Foreign Talent Agencies Approved to Operate in China
1. Plan for Guangzhou Metro Line No. 5 Released
Guangzhou Metro Corporation has recently released the plan for Metro Line No. 5. It will have 28 stops and 12 intersections with 10 other existing or planned metro lines. The east-west bound Metro Line No. 5 is to be 40.5 kilometers long, linking old city downtown in the west with the new commercial center and industrial base spreading out to the east. It will also connect metros from Foshan city in the west and from Dongguan and Shenzhen cities in the east.
According to the plan, the construction of Line No. 5 is to start in the second half of 2004. Phase I of the project will cover 31 kilometers and is scheduled to be in operation in 2008.
At present, Guangzhou Metro Corporation is building four other metro lines: the extension of lines No. 2; Line No. 3; a special section of Line No. 4 connecting with the University City; and, the experimental line connecting Guangzhou and Foshan city. Construction is proceeding on schedule. According to Guangzhou’s short-term plan, by the year 2010, Guangzhou is projected to have rail lines covering 200 kilometers.
(Source: Guangzhou Daily, 03/27/2004, Nanfang Dushi Newspaper, 03/28/2004, edited by CS Guangzhou)
2. China’s Industrial Output Grows in February
China’s industrial output grew 23.2 per cent in February, compared with the same period last year, to 370.9 billion yuan (USD 45 billion), latest statistics from National Bureau of Statistics indicate.
According to the statistics, for the first two months, the industrial output rose a year-on-year 16.6 per cent to 705.97 billion yuan (USD 85.4 billion).
Per the spokesperson of the National Bureau of Statistics, electronics and telecommunication equipment, as well as metals, are the main factors driving the fast growth in industrial output in the last two months.
(Source: Beijing Daily, 03/15/2004 - Translated by Shen Yan)
3. China On-line Stock Exchange Business was 5.27 million users strong in 2003
According to China Securities Regulatory Commission, China’s on-line business reached 3.32 million users, accounting for 10% of the total average Hu-Shen (Shanghai and Shenzhen) stock exchange market in the year 2001. In 2002, the on-line exchange business reached 5.07 million users, accounting for 14% of the total average Hu-Shen stock exchange market in 2002. However, by the end of 2003, the on-line exchange business was 5.27 million users, which accounted for 15.1% of the total average Hu-Shen stock exchange market in 2003.
China’s on-line stoke exchange market still has a potential market. It is predicted that if the stock investor can accept the on-line stock exchange method, more investment will be put into this market, and by the end of 2005, China’s on-line stock exchange account will reach 8.8 million users, which will account for 25% of the Hu-Shen stock exchange market.
China On-line Stoke Exchange Account 2001-2005
(Source:China Information World, 03/08/2004 - Translated by Cao Shujuan)
4. China to promote digital cable TV
China will promote digital cable TV, said a senior Party official recently.
Liu Yunshan, head of the Publicity Department of the Communist Party of China (CPC) Central Committee, made the remark at a meeting held in Qingdao, a coastal city in east China's Shandong Province.
"The development of digital cable TV will be conducive to China's information industry and economic growth and enrich people's lives", he said.
The Chinese Government will join hands with enterprises and the market to promote the new technology, building the facilities, developing software and keeping the market in order, he added.
The Chinese Government expects more high quality and popular culture products to be produced in the digital cable TV format, Liu said.
(Source : China press and publishing Jounal & CEIS, 30/03/2004 – Translate by Qing Jing)
5. Beijing IT Industry Output Will Reach RMB300 Billion (USD 36 billion)
Within the next five years, Beijing plans to gradually grasp the core technology of IT industry, so as to double the total production value of the IT industry in Year 2008 to reach the output size of RMB300 billion (USD 36 billion).
The focus of Beijing Five-Year plan is to increase the development of the software and integrated circuit industry. In the following five years, Beijing will promote the development of six new industries, including digital TV industry, mobile communication industry, IC card and digital recognition industry, computer and network products industry, transportation electronic industry and digital camera industry.
(Source: International Financial News, March 30, 2004, - Translated by Peng Aiqun)
6. Three Hundred and Thirty Two Foreign Talent Agencies Approved to Operate in China
According to information released from the 2004 China International Talent Exchange Conference held in Nanjing, the conference accredited more foreign talent agencies and local Chinese units to carry out international talent exchange. This is a significant milestone whereby the Chinese government will standardize its international talent market according to international practice.
So far, China’s State Administration of Foreign Experts Affairs (SAFEA) has accredited 332 foreign talent agencies to operate in China, including 96 foreign experts organizations and 236 foreign talent-training agencies. In addition, it has accredited 390 local Chinese units to employ qualified foreign educational experts. The SAFEA has also formulated an annual inspection system and withdrawal system.
(Source: China Business Times, 03/30/2004 - Translated by Xu Ye)
Consulate News: Guangzhou
In keeping with our goal of making the CCB a more integrated publication, our four China branch offices - Chengdu, Guangzhou, Shanghai and Shenyang - submit consulate news to the CCB on a rotating schedule. This week, we are pleased to feature a contribution from CS Guangzhou.
CS Guangzhou Promotes U.S. Environmental Products at Water, Wastewater & Water Treatment China 2004
CS Guangzhou participated in "Water, Wastewater & Water Treatment China 2004" held during March 10-13, 2004 in Guangzhou. The water show is one of the most important trade shows in China that focuses on water treatment equipment. Six U.S. companies participated in this year’s show , including: Goulds Pumps; ITT Flygt Pump; Hach; and, GSS Fiberglass. In addition, CS Guangzhou ran a booth to display catalogues from four U.S. firms including: J&Y International Enterprise; Catalyx Technologies; ITT Flygt; and, Headworks. Ten other types of materials related to U.S. environmental products were also displayed. The CS booth was well attended. CS Guangzhou received many inquiries from Chinese customers about products displayed at the show. Some visiting U.S. companies also showed a great interest in taking advantage of the CS booth in future events to promote their products.
Lynn Orphan, President-elect of Water Environment Federation gave a presentation on business practices in environmental projects at a conference organized by the trade show.
For more information on CS Guangzhou and the Guangzhou consular region, visit our website at http://www.buyusa.gov/china/en/Guangzhou.html
DISCLAIMER: CS China does not guarantee the veracity of the original sources of our news summaries. While we do our best to report accurate and timely articles and news sources, you should always check the source for further information.
The China Commercial Brief is a free newsletter published by the U.S. Embassy- Beijing.
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INTERNATIONAL COPYRIGHT, U.S. COMMERCIAL SERVICE AND U.S. DEPARTMENT OF STATE, 2004. ALL RIGHTS RESERVED OUTSIDE OF THE UNITED STATES.