Shanghai - CAAC (Civil Aviation Administraion of China) is working on a new regulation to allow private investment in airports, according to Zhang Guanghui from CAAC.

"Many private companies are paying attention to the construction and operation of airports," said Zhang, whe also warned of the risk. 70% of the airports in China, especially smaller ones in the middle and the west, are losing money and are living on subsidies provided by local government.

Finding investors will be the main task for the airports as subsidies will be officially stopped by the end of this year.

Shanghai - According to a report published by a Chinese consulting firm, IT investment in banking industry in China will reach 22.9 billion RMB (USD 2.8 billion) in 2005, up from 21.2 billion RMB of last year. 12.6 billion of the investment will come from the big fur state banks.

81.1% of the investment will be spent on infrastructure construction, 16.9% will be used to buy application software, 2% will be on IT strategy consulting.

By February 2002, the number of overseas-funded projects in Pudong New Area had increased to 7,676, bringing in a total investment of US$38.7 billion, of which 16.8 billion was contracted overseas capital.

In terms of the number of projects and the amount of contractual investment, the Hong Kong SAR continued to be on the top of the list, followed by the US and Japan.

Country/region

HongKong SAR

USA

Japan

Project number

2,815

1062

981

Contractual investment

US$36.25 billion

US$30.50 billion

US$18.27 billion

Airbus finally delivers first A380 superjumbo

TOULOUSE, France - Airbus finally delivered its first A380 superjumbo jet Monday - a critical step for the European planemaker in its efforts to rebound from a string of troubles.

Singapore Airlines took delivery of the double-decker jet, the world's largest passenger plane, almost two years late.

He thanked customers for sticking with the aircraft and said that increasing production to meet demand for the A380 "remains our greatest challenge for the next few years."

After hesitating last week before another milestone, the benchmark Shanghai Composite Index today broke 6,000 points, in time with this morning's opening session of the 17th National Congress of the Communist Party of China (CPC).

The index, having for the first time surpassed the 5,500-point mark the day prior to the week-long national holiday, gained another 500 points in just six trading days beginning October 8.

Total turnover of the stocks in the major indices was 268.9 billion yuan, the second largest since the holiday after last Friday's 308.8 billion yuan.

One week ago I left Shanghai behind and my wife and I began our annual migration back to our summer stomping grounds, the Pacific Northwest. After 10 months living and working in a city of 18 million people with an industrial sector that ensures 365 days a year of a thick haze blank over the Shanghai, nothing is more refreshing than returning to the nearly empty mountains of North Idaho (“It’s a state of mind” is what they say around here).

Objectives:
Inviting Foreign Investment, Seeking Joint Development

Brief Introduction:
Qingdao Economic and Technological Development Zone was approved as state-level deveopment zone Spend Money In China October 1984. The zone now has a population of 300,000.

Geographic Location

Objectives:
Inviting Foreign Investment, Seeking Joint Development

Geographic Location
The Nanjing Economic and Technological Development Zone (NETDZ) is located in the northeast suburbs of Nanjing, 5 kilometers from the city center, close to the Xinshengyu Foreign Trade Harbor, China's largest inland-river harbor, and the Second Yangtze River Bridge Nanjing.

Brief Introduction:
Nanjing Economic and Technological Development Zone has such four functional areas as the industrial area, bonded warehousing area and the comprehensive service area.

Communication and Transportation

Objectives:
Inviting Outside Investment, Seeking Industrial Cooperation Partners
Brief Introduction:

Objectives:Spend Money In China
Inviting Outside Investment, Seeking Industrial Cooperation Partners
Brief Introduction:Spend Money In China
The Beijing economic-technological Development Area (BDA) is located in Yizhuang with the Jingjintang Expressway nearby on its east, with the Jingjin Intercity Expressway and the Fifth Ring Road (about 100 kilometres) in the north and the Sixth Ring Road (about 200 kilometres) in the south. An expressway links the development area with the Third Ring and Forth Ring roads.
Spend Money In China