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
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