Shanghai Metro Line 1 is the first metro line in Shanghai, and was opened on December 12, 1994. It runs from Fujin Road in the north, via Shanghai Railway Station to Xinzhuang in the south. This line added a very important transport method to the city, making transportation between home and work much more convenient for thousands of people living in Shanghai.
A northern extension running from Fujin Road to Gongfu Xincun was opened on December 29, 2007. This added 3 stations to the metro line.
This line serves many important points in Shanghai, and it is clear that the line was designed to do so. Due to the large amount of important locations, this line is extremely busy. The daily ridership is over 1,000,000. It is the busiest line of the Shanghai Metro system, and will continue to be so in the future.
Originally Posted: China Business Daily
Author: Angulo Fu
Friday, December 12, 2008
Shanghai Metro Line 1 Opened
Thursday, December 11, 2008
China Becomes WTO Member
China officially entered the World Trade Organization on December 11, 2001, becoming its 143rd member.
WTO Director-General Michael Kenneth Moore sent messages to the WTO members on November 20 to declare that the Chinese government accepted a protocol on its entry to the WTO on November 11. The protocol went into effect today, as China became a member of the WTO at the same time.
China's entry to the WTO is a major event for the country, and the world as a whole. Governments, business circles and social organizations all over the world have sent congratulatory messages to China's Ministry of Foreign Trade and Economic Cooperation, saying that China's entry will benefit its national economy, as well as encourage global economic growth and the improvement of the multilateral trade system.
China will fully participate in all the activities of the WTO, and will send a delegation and an ambassador to the WTO headquarters in Geneva, Switzerland.
A MOFTEC official said that China will enjoy all the rights the WTO gives to other members, and will observe the WTO regulations and its obligations to the organization.
He said that China, as a WTO member, will participate in a new round of multilateral trade negotiations, in which the country will play a constructive role.
Originally Posted: China Business Daily
Author: Angulo Fu
Wednesday, December 10, 2008
Beijing-Tianjin-Tanggu Expressway Started to Build
December 10, 1987, the Beijing-Tianjin-Tanggu Expressway ceremony was held in Beijing Daxing County.
Beijing-Tianjin-Tanggu Expressway is one of key construction projects, also the first expressway which is through international competitive bidding. In the tender, a total of 12 countries and 32 regions participated in the bidding contractors. Finally, Sino-French and Sino-Japan consortium winned.
It starts in the west from the Southeast Fourth Ring Road, Beijing and goes eastward to the Hebei Road, Tanggu District of Tianjin. With a total length of 142.69 km, the section running through the territory of Tianjin is 100.85 km.
There are 43 bridges and six butterfly-type overpasses spanning the Tianjin section of the expressway. There are six exits, that is, Yangcun Station, Yixingbu Station, Jinzhong Rd. Station, Tianjin Airport Station, Tianjin Tanggu Station, Tianjin Junlian gcheng Station (unopened). The expressway has four lanes and overpasses. Traffic entrance and exit are under control. The expressway has complete service facilities, and advanced monitoring system.
Originally Posted: China Business Daily
Author: Angulo Fu
Tuesday, December 9, 2008
High Abandon Rate of Online Shopping Cart
According to a market analysis released by the iPerceptions recently, there is a high abandon rate of online shopping cart. The report found that in the online traffic, there are 16% of people have the shopping will, but only half of those buy something, others give up.
In the 50000 respondents, 47% of these online users' main objectives are visit, survey and contrast products. In addition to shopping, the other motives include 11% of the people want to get the product price and promotion information, 10% need customer support services, 4% in order to find the address of the store, the other 10% of visitors are viewing blog and video.
An online shopping cart (also as online trolley, online shopping trolley, online shopping basket) is a critical aspect of en e-commerce business. The shopping cart is the software (or series of scripts) that allows users to select products from your Web site, save them and check out when they are done shopping. In the early stages of electronic shopping, the shopping cart was usually a basic HTML form from which a customer selected the products he wanted to purchase. Long before using a credit card over the Internet was widely accepted, it was common to find that you would need to print the form and mail it along with a money order or credit card information to the company. Over time, as e-commerce grew and online stores began to offer hundreds, if not hundreds of thousands of products, obviously a better method for storing a customer's purchases and placing an order was needed.
The shopping cart acts as the user-interface for the customer to shop. It allows users to place items in a "shopping basket". The cart remembers these items for a predetermined length of time, usually 15 to 30 days unless the shopper removes the items from the cart. Today's shopping carts are really designed for the ease-of-use of the shopper. Extra features such as different color or size options, quantity of order, and matching item links can be integrated into the shopping cart. Once a shopper enters her shipping address, taxes and shipping costs can also be tallied from within the shopping cart. For the merchant, the shopping cart also provides important information, which is often transparent to the shopper, including a cart number to track the order, and even a cookie to provide you with some limited tracking details about your customer.
Within the genre of shopping cart software, merchants have many options to choose from. Some shopping cart software is designed to run on your own Web server, while others may run on the application provider's (hosted) servers. It is important to remember that a shopping cart is just one part of the e-commerce Web site, and as a stand-alone tool it usually will not provide payment processing. Once the customer completes her "check-out", the shopping cart delivers the order to the payment gateway, the service that automates the payment transaction between the shopper and merchant. Shopping carts are not storefronts (although they are integrated into storefronts, which we will discuss later).
Originally Posted: China Business Daily
Author: Angulo Fu
China's First High-speed Railway Opened Automatic Block
At 4:00 p.m. on the December 9, 1994, the GuangShen high-speed railway successfully opened automatic block. Automatic block is an automatic signal system to ensure traffic safety and enhance the capacity of drive through. The automatic block was designed, constructed and provided equipements by China Railway Signal & Communication Corp..
The 180.8-kilometer long Canton-Kowloon Railway between Guangzhou and Kowloon, Hong Kong began construction in 1907. The railroad between Guangzhou and Shenzhen is called “Guangshen Railway”, which is 147.3 kilometers long; the section between Luohu Bridge and Kowloon, which is 33.5. kilometers long, belongs to MTR Corporation Ltd in Hong Kong. Canton-Kowloon Railway, linking with Beijing-Guangzhou Line, is the only railway channel connecting Hong Kong with inland China.
On January 1, 1984, the Guangshen Railway was separated from Guangzhou Railway Sub-administration under the former Guangzhou Railway Administration, and Guangshen Railway Company was formed pursuant to the approval of the State Council, under the direct control of Guangzhou Railway Administration.
On February 8, 1993, Guangzhou Railway Administration was renamed as Guangzhou Railway (Group) Company and Guangshen Railway Company became a wholly-owned subsidiary of the Group Company.
In 1994, Guangshen Railway Company was designated as one of 22 pilot companies nationwide for shareholding restructuring. After two years of shareholding restructuring, Guangshen Railway Company Limited was established as the first joint-stock railway company in China on April 9, 1996. The shares of the Company were listed on the New York Stock Exchange, Inc. and the Stock Exchange of Hong Kong Limited on May 13 and May 14 of the same year, respectively, raising a fund totaling RMB4,212,000,000 net.
At the end of 1987, the second line was completed and began operation. In 1991, Guangshen Railway Company began the construction of a semi- high-speed rail line. Commercial operation of the high-speed trains commenced in December 1994.
In September 2000, Guangshen Railway became the first electrified and wholly-closed railway with three lines in the PRC.
On December 22, 2006, our A shares were listed for trading on the Shanghai Stock Exchange. Approximately 2.75 billion A shares were issued at RMB3.76 per share in the IPO, raising a fund of RMB10.3 billion, which was used for the acquisition of the passenger and freight transportation assets and businesses of the Guangzhou-Pingshi Railway under our parent company on January 1, 2007.
On April 18, 2007, Line Ⅰ and Line Ⅱ of Guangshen Railway became the first passenger-dedicated lines nationwide for the “As-frequent-as Bus” operating model. In addition, after the completion of Line Ⅳ, Guangshen Railway became the first railway with four parallel lines in the PRC that allows passenger trains and freight trains to run on separate lines.
Originally Posted: China Business Daily
Author: Angulo Fu
Monday, December 8, 2008
Macau International Airport Commenced Operation
Macau International Airport commenced operation in December 8, 1995. Since then, it has rapidly established itself as a vital link between the Pearl River Delta, the fastest growing economic region in the world, and the rest of the world. Macau’s hinterland is Zhuhai, one of China's Special Economic Zones, and a regional manufacturing powerhouse. With well-established and efficient direct land and sea links to neighbouring regions, Macau International Airport is ideally positioned as a hub for freight and express cargo in the Asia-Pacific.
Macau International Airport is a fully functional 24-hour airport. An 11,000-foot ILS CAT II equipped runway, constructed in strict accordance with ICAO standards, is capable of handling long haul flights. Phase one of the airport is equipped with a full range of passenger and cargo facilities designed to handle six million passengers and 165,000 metric tons of freight a year.
Macau International Airport is presently operating under capacity. The airport is not congested and has ample excess capacity for future expansion. In anticipation of its future role as an Asian entertainment and convention centre, Macau is forging new air services agreements with regional and intercontinental destinations in the Asia-Pacific, Europe, America, and Southern Africa. As a preferred entry point to the vast China market, Macau's 24-hour airport offers passenger and cargo airlines, travel organizations, and the airfreight industry a convenient and flexible alternative to the region's increasingly congested international airports.
Originally Posted: China Business Daily
Author: Angulo Fu
VisionChina's IPO in Nasdaq
On December 7, 2007, Li Limin, the CEO of the VisionChina (Nasdaq: VISN) sounded the Nasdaq closing bell to celebrate the success of the company completed the initial public offering (IPO) in Nasdaq.
VisionChina founded in April 2005, operates the largest out-of-home advertising networks in China and even in the world. As of August, 2008, the company's extensive networks have had 17 cities trough exclusive agency or direct investment model, 9 cities through outreach agency model, consisting of over 110,000 digital TV displays. The networks deliver TV programs to 90,000,000 people each day and cover 300,000,000 people, using mobile digital television technology and supporting mobile receiving. The company uses the public buses, subways and light rails as the chief terminal platform, broadcasting the real-time news, stock quotes, weather, traffic updates, sports highlights and entertainment programs by the local TV station. The company brings the TV out-of-home, and makes it a reality for watching TV anywhere at any time.
Originally Posted: China Business Daily
Author: Angulo Fu
Xiaguan Power Plant was Put into Operation
December 6, 1999, Nanjing Xiaguan Power Plant was put into operation. Xiaguan Power Plant became the first national environmental protection factory. The Plant can generate by nearly 1.4 billion kwh of electricity per year, less 8250 tons of sulfur dioxide emissions.
Nanjing Xiaguan Power Plant is belong to China Datang Corporation (CDT). China Datang Corporation (CDT) is an extra large scaled power generation enterprise group established on the basis of the partial power generation assets of former State Power Corporation of China on Dec. 29, 2002. It is a solely state-owned corporation directly managed by the CPC Central Committee and is the experimental state-authorized investment and state share-holding enterprise ratifi ed by the State Council. The registered capital is 15.39 billion yuan. CDT is mainly specialized in such business as management of the state-owned assets invested by the state and owned by CDT; development, investment, construction, operation and management of power energy; organization of power (thermal) production and sales; electric power equipment manufacture, maintenance and commissioning; power technology development and consultation; contracting and consulting of electric power engineering and environmental protection projects, renewable energy development, conducting and acting as agent for import and export of commodities and technologies of various types, contracting of overseas projects and domestic projects through international bidding; exporting equipment and materials required by above-mentioned overseas projects, and sending labor force abroad required to carry out above-mentioned overseas projects.
CDT implements the group management system and operation mode based on the three-level hierarchical responsible entity, i.e. group corporation (CDT headquarters), branch companies and subsidiaries, and grass roots enterprises. CDT has established six wholly funded subsidiaries and eight branch companies, namely, Datang Gansu Power Generation Co., Ltd., Datang Shaanxi Power Generation Co., Ltd., Datang Heilongjiang Power Generation Co., Ltd., Datang Jilin Power Generation Co., Ltd., Datang Hebei Power Generation Co., Ltd., Datang Guizhou Power Generation Co., Ltd., Hunan Branch Company, Anhui Branch Company, Henan Branch Company, Shanxi Branch Company, Jiangsu Branch Company, Sichuan Branch Company, Yunnan Branch Company and Guangxi Branch Company.
Originally Posted: China Business Daily
Author: Angulo Fu
NISCO's Output of Steel and Iron Exceeded Million Tons
December 5, 1996, Nanjing Iron and Steel Union Company Limited (NISCO) announced that the output of steel and iron exceeded 1,000,000 tons, became the first million tons of iron and steel enterprises.
Nanjing Iron and Steel Union Company Limited is a joint venture steel manufacturing enterprise established by Nanjing Iron and Steel Group and Fosun Group in 2003. It involves the pressing and smelting of ferrous metals and sales of steel materials. It is headquartered in Nanjing, Jiangsu, China.
Its subsidiary company, Nanjing Iron and Steel Company Limited (SSE: 600282) was listed on the Shanghai Stock Exchange in 2000.
Originally Posted: China Business Daily
Author: Angulo Fu
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