US electronics giant Intel plans to invest US$100m to upgrade its facility in Waigaoqiao Free Trade Zone, Shanghai, to become its fourth international manufacturing base for Pentium 4 processors. Under the plan, Waigaoqiao will assemble and test the 0.13 micron version of its Pentium 4 processor, although the core technology of central processing unit production, […]
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Hewlett-Packard opened a China software research and development centre in Shanghai in May. Dave Millar, the North Asia manager of the US computing giant’s e-solutions division, said that the centre was the fourth of its kind in the world and its first in the North Asia region. The centre, housed in offices in Pudong’s Jinqiao […]
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Gold exchange wins concession
China’s long awaited gold exchange is due to open this month in Shanghai after a major obstacle to its operation was removed, reported Shanghai Daily. "The government has verbally agreed not to apply a 17 per cent value-added tax to our dealers," said Wang Zhe, head of the Shanghai Gold Exchange. A 17 per cent […]
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Surge in platinum sales
China bought 1.3m ounces of platinum in 2001, making it the world’s leading consumer of platinum for jewellery, Johnson Matthey said in Platinum Review. This was 18 per cent more than in the previous year. Nearly all of the metal bought in China is imported. The precious metals company said that China’s sales in the […]
The State Administration for Industry and Commerce (SAIC) and the State Drug Administration have pledged to give priority to checking medicine advertisements, China Daily said. Fake advertisements, particularly for medicines, were among the top 10 complaints made by consumers in 2001 and a recent survey by the SAIC found that 89 per cent of advertisements […]