Beijing is ready for extend H1N1 vaccination program which will open to everyone who has a Beijing hukou. On Friday, the health officials said that the program will begin on Nov 16. The program means the capital is the first city in China who is going to inoculate all of its registered permanent residents, some 12 million people. The 12 million vaccinations is about one fifth of total inoculations nationally in China by the end of this year. Till Nov 6, 2009, Beijing had inoculated 440,000 residents. Most of them were students and people who worked in important service departments. But interest in vaccination has varied. A medical worker surnamed Liu who worked for Beijing Beanstalk International Bilingual School said that there were less than 20 percent of students who had signed up for the inoculation. The school has, include both elementary and secondary school, more than 300 students from 20 countries worldwide. She added many of the parents of international students do not trust the quality of the Chinese made vaccines
Morgan Stanley, global financial services giant, is still trying to sell its entire holdings in China International Capital Corp (CICC), the country’s first and most profitable investment bank, confirmed by both the US-based financial advisor and CICC on Nov. 4, 2009. Citing people familiar with the situation, the report in the Wall Street Journal on Tuesday pointed that Morgan Stanley had asked potential buyers to submit indicative first-round bids for its 34.3 percent stake in CICC. It reported the deal may obtain more than $1 billion. Two people work for the US investment band and CICC, who both would like to keep anonymity, confirmed separately the news, saying that the CICC stake sale was a signal to Morgan Stanley setting up another local joint venture. The Chinese government will not agree with the new joint venture, unless it sells the CICC stake, the sources added. Morgan Stanley is going to form a joint venture securities firm with Shanghai-based China Fortune Securities Co, which it will have more management say.
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Investment bank longing to exit CICC
Invitation for Bid Date: November 4, 2009 Loan: 2428-PRC: Integrated Ecosystem and Water Resources Management in the Baiyangdian Basin Project Contract No. and Title: 0701-092000030032: Xushui Wastewater Treatment Plant Subproject: Procurement of the Goods and Related Services. Deadline for Bids: 9:00 AM on December 15, 2009 1. This Invitation for Bids follows the General Procurement Notice for this project that appeared in the ADB Business Opportunities on 10 September 2008. 2
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IFB Bid for Baiyangdian Basin Project
According to several speakers at the First China Overseas Investment Fair on November 4, 2009, China’s tremendous overseas investment helps the global economy, especially the economies of developing countries to recover from the world’s financial crisis. Chinese officials pressed for foreign countries to create a convenient and fair environment to make it easier for Chinese investors to continue to invest. Comparing with the traditional big spenders, including the United States and European countries, who slowed their outbound investment, investment from China in overseas markets has increasing remarkably recently. Zhang Xiaoqiang, vice-director of the National Development and Reform Commission, said despite the world’s financial crisis, China was still raising its overseas efforts. Many of China’s companies were active investors.
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Overseas investment helps world economy
On November 3rd, 2009, the biggest universal search engine Google Inc launched a Chinese language voice search service, which expected to attract users from domestic rival Baidu Inc in the world’s largest mobile market. The new service is aimed to help Chinese users use Google’s existing search services like Web search and Google Maps via cell phones. Till now the Chinese version voice search provided by Google can only be used for Nokia’s S60 series, which includes 46 models of handsets. But Vic Gundotra, Google’s engineering vice-president, claimed that the service will expanded to other platforms soon after, which include Apple Inc’s iPhone and Android-based handsets
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Mobile voice search in Chinese unveiled by Google
Nearly 3.8 million people in China have already been vaccinated to prevent the potentially fatal H1N1 influenza virus. Comparing with the 390 million people within the country who are considered at high risk of the disease, the vaccine supply is limited, Liang Wannian, deputy director of the emergency response office of the Ministry of Health, said on Nov 1. So far, almost 52.9 million doses of the vaccine, which produced by eight domestic manufacturers, have been approved by the top drug authority
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Vaccine encouraged to against spread
Invitation for Bids (IFB) Agriculture Technology Transfer Project Loan / credit number: 4773-CHA Bid No.: 0620-0910N112B156 1. This Invitation for Bids follows the General Procurement Notice for this Project that appeared in Development Business , issue no. 664 of Oct. 16, 2005 . 2. The People’s Republic of China has received a loan from the International Bank for Reconstruction and Development toward the cost of Agriculture Technology Transfer Project, and it intends to apply part of the proceeds of this loan to payments under the Contract for Agricultural Machinery Procurement. 3
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IFB Bid for Agriculture Technology Transfer Project
That was an awesome Halloween, the time to get away from monotony and pressure of everyday work to embrace the fun recipes of Jack O’Lantern. There is an old warehouse along Suzhou Creek in Shanghai, things here go bump at night, decapitated ghouls and Nosferatu float around in creepy darkness. It’s a night full of shrieks in a house full of hair-raising, heart-throbbing creatures and gadgets. They call it “Shanghai Nightmare”, which is the first American style haunted house in China; it has received more than 10,000 visitors over 5 weeks since it opened. Gan Quan which is the Co-founder of this said that it had received 800 guests every single day (day, night) which is also twice of the number they had expected and planned for
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A scary night in Shanghai — Halloween
As the H1N1 flu spread all over the world, the share prices of domestic vaccine makers rose on surging order for vaccines, even the benchmark Shanghai Composite Index fell 2.83 percent. The vaccine producer Hualan Biological rose 2.47 percent to 57.7 yuan in Shenzhen on Oct 27 while Layn Natural Ingredients rose 2.93 percent to 44.94 yuan. As Shenzhen Neptunus Bioengineering Co increased 9.24 percent to 15.85 yuan, Zhejiang CONBA Pharmaceutical Co LTD also increased 6.13 percent to 12.12 yuan. China Meheco Corporation closed at 20.98 yuan yesterday, 10 percent up. The share market also goes well and the five companies’ shares hit the daily limits of 10 percent on Monday. An industrial analyst Cai Jianjun pointed, the recent gain is mainly underpinned by government orders for vaccines. China faced a grim situation in containing the disease as the number of cases has risen, said Health Minister Chen Zhu. As of Oct 26, china reported 35,664 H1N1 inflection with 3 deaths, and also in the US President Obama declared that H1N1 a national emergency on Oct 24. Expert with the ministry of health’s expert panel Xi Xiuming, said there is no reason for any panic but alertness is needed
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Vaccine related shares go up
Invitation for Bids The People’s Republic of China Liaoning Medium Cities Infrastructure Project (Loan No.: 4831-CHA) The Vehicles and Equipment of Road Traffic Management for Benxi City (BTM21) The Vehicles and Equipment of Road Traffic Management for Fushun City (FTM22) Bid Nos.: 0701-091020050031; 0701-091020050049 1. This Invitation for Bids follows the General Procurement Notice for this Project that appeared in Development Business, issue no. 4 of 4 April 2006. 2. The People’s Republic of China has applied for a loan from the International Bank for Reconstruction and Development toward the cost of Liaoning Medium Cities Infrastructure Project, and it intends to apply part of the proceeds of this loan to payments under the Contracts for the Vehicles and Equipment of Road Traffic Management for Benxi City (BTM21); the Vehicles and Equipment of Road Traffic Management for Fushun City (FTM22) 3
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IFB Bid for Liaoning Medium Cities Infrastructure Project
Copenhagen’s analysts said that any deals at Copenhagen will need to be supported by the world’s two largest emitters. Senior US expert with the Chinese Academy of Social Sciences Zhou Qi said that China and the US must concrete and practical solution acceptable to both countries and must coordinate, therefore both sides have to make compromises. The growing concern has recently among politicians and the public around the world, UN climate talks on enlarge the fight against global warming since it has been largely stalled. These make the outcome of the Copenhagen summit uncertain. The last round of the talk was held in Bangkok between Sept 28 and Oct 9, which resulted in progress to a draft text for a likely agreement, but finally failed to break the deadlock in key areas. And also China and India were called on to commit to reduce carbon emissions. But, developing countries will not agree to the reduction without a transfer of financial and tech from rich nations. The head of the Institute of US Studies Yuan Peng, which affiliated to the China Institute of Contemporary International Relations said that a compromises calls from the US to agree to the tech transfer while China must agree to a detailed carbon reduction target. He also said that the US has to accept that China, coz as a developing country is not in the position to commit to a binding emission reduction target. Maria Cantwell, who is the Washington senator, said early last month that the US and China are likely to sign an agreement to combat climate change during Obama’s visit to Beijing in November.
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The compromises between China and the US
The China’s third largest port operator, Dalian Port Co Ltd expects to complete its initial public offering on the Shanghai Stock Exchange within the first half of 2010, Sun Hong, the Chairman of Dalian Port Co Ltd said. The company was listed in Hong Kong in 2006 which means it will become China’s first port with a dual listing. And also the Dalian Port is the biggest port operator in Bohai Bay which is located in the northeastern China; it focuses on container and crude oil. The company said this month that it will issue no more than 1.2 billion A shares in Shanghai and no more than 1.2 billion shares to its parent (Dalian Port Co Ltd), expecting to raise a total of 2.8 billion yuan. Currently the company is holding 3 billion shares and the holding of its parent will be reduced from 60 percent to 55 percent after the share issue. The executive director of Dalian Port, Zhang Fengge said that assume 3.67 yuan per share as the offering price, and the asset acquisition earned 14 million yuan this year, the dilution effect to H shares may be offset and the earning per share will increaser 0.7 percent. Funds raised earnings will be used for the construction of dock infrastructure and bulk cargo dock facilities, as well as bank repayment. Sun also said that the port would increase capital expenditure next year to 3 billion yuan after an asset acquisition from its parent Dalian Port Co Ltd, up from 2 billion yuan this year. And after that asset acquisition, it would enjoy a big market share
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Dalian port’s expectation for Shanghai listing
The Coca-Cola Company officially announced its entrance into China’s dairy beverages market on Monday and after that the company on Friday followed with a remarkable expansion of its largest single investment for strengthening its still beverage business in China. Coca-cola opened a bottling plant in Wuhan which is the capital of Hubei province with 600 Yuan; it will be operated by the most advanced still beverages producing technology in the Coca-cola system globally. It’s the 39th facility to bottle Coca-cola’s products across China, and the 10th opened bottling plant for manufacturing Coke’s still beverage products, with annual production capacity of 45 million unit cases of Coke’s still beverage products (which is equal to 1 billion bottles of beverages), according to the company.
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Coca-cola expands their business in China
The operators of the international airports in Shanghai and Hong Kong formed a joint venture to manage Shanghai Hongqiao international airport which mostly handles China domestic flight. In this joint venture, Shanghai will pay 51 million Yuan for holding 51% of share and Hong Kong will take the rest of the shares which is 49%, the joint venture was named “Shanghai Hong Kong Airport Management Co. This stake structure would remain unchanged for 20 years from 2010. Han Zheng, the mayor of the Shanghai municipal government, said Shanghai hoped the cooperation would allow the instruction of a sophisticated service and management experience at Hongqiao Airport, enabling it to develop into a highly competitive airport. Tang Ying-Yen, chief secretary for Administration of the Hong Kong Special Administrative Region government, said it valued and supported the airport project of the two cities, and he believed both sides could benefit from the platform. The Shanghai government proposed strengthening the economic ties between Shanghai and Hong Kong in 8 sectors including airport, logistics and the world Expo. The statement also said Hongqiao Airport was building a new terminal that is scheduled to be completed next year, with that the Hongqiao Airport will be expand to 364,000sqm from 82,000sqm. The airport aimed at 30 million passengers’ flies and 1 million tons of cargo a year by 2015. in 2008, the airport handled 22.9 million passengers and 415,700 metric tons of cargo.
Beijing’s central business district plans to double in size and this plan may involve the relocation of 10,000 households. The government will expand by 3-sq km from the East Third Ring Road near Guomao to the Four Ring Road near Sihui Bridge and it will be completed in the next 6 to 8 years. This project will attract more major multinational corporations and create 100,000 new jobs. The Chaoyang district government, which is overseeing the project, is keen to turn more residential area into commercial area, although the cost for doing this is unknown. “About 85 percent of the currant CBD area has been taken by companies”, said Wu Guiying, executive vice-governor of the Chaoyang district of the CBD administrative committee. And she also said that this area is eager for more capacity to hold more business opportunities. 7preliminary CBD designs were completed by the world’s leading architects, including SOM Architect and KFP Architect from the States, and ADPi Company from France. This plan will be displayed to the public during a 6-day CBD International Business Festival.
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CBD expansion plan by 2017
An initial agreement of great significance had been made last Thursday. One side is China National Petroleum Corp (CNPC), ranking first in China’s oil and gas production and Britain’s oil power, BP. The other side is Iraq’s Oil Ministry. They signed to develop Rumaila, Iraq’s largest oilfield. Asim Jihad, Iraq’s Oil Ministry spokesman said that the signed contract should wait for the approval of the cabinet. Then, the ministry would fix the signing day. According to Asim’s speech, the deal requires an investment of more that $15 billion.
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CNPC cooperates with BP to develop Iraqi oilfield
On October.5, China’s top securities regulator made a public speech. Statistics show that by the end of July, 113.8 billion had been raised by China’s domestic enterprises through being listed on overseas stock markets. According to China Securities Regulatory Commission’s recent numerical statement, by the end of last July, as much as 154 Chinese enterprises had started initial public offering abroad. In June 1993, Tsingtao Brewery Corp, China’s first corporation listed out of mainland, was listed H-shares on the Hong Kong stock exchange. Then the boom started.
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Billions were raised in oversea stock exchange
Ctrip.com International Ltd, a top company providing travel service in China, stated on Aug. 15 that its second season net profit rose 33% year on year, reporting total revenues of 508 million yuan, respectively with hotel reservation revenues up to 227 million yuan. This represents a 16 percent increase year-on-year, and a 21 percent increase season to season. Air-ticketing revenues were 222 million yuan, a 32 percent year-on-year growth, and a 20 percent increase quarter to quarter; packaged-tour revenues were 36 million yuan, a 51 percent increase year-on-year, but a 5 percent decrease quarter-on-quarter. In the second quarter of this year, net profit was 159 million yuan, with net revenues increased 27 percent to 476 million yuan. But gross margin stayed at 77 percent with a decrease of 2% quarter-on-quarter. Chief executive officer of Ctrip, Fan Min said, they were glad with the solid profit they have achieved in this period. Although they faced challenges, they managed to consolidate their competitive strength and would continue to improve their service for customers, expand sales and marketing channels so as to extend their leadership.
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Ctrip Q2 net profit increases 33%
Invitation for Bids (IFB) Bid No.: 0706-0930000FJ001 1. The Ministry of Finance of the People’s Republic of China has received an ODA Loan from JAPAN INTERNATIONAL COOPERATION AGENCY (hereinafter referred to as JICA), in the amount of 2.442 billion Japanese Yen towards the cost of THE LOAN AGREEMENT No. C03-P181, dated 2004-03-31 for SHANXI PUBLIC HEALTH PROJECT. The above Loan Agreement will cover only a part of the project cost. As for the remaining portion, the Ministry of Finance of the People’s Republic of China will take appropriate measures for finance. 2. China National Technical Import & Export Corporation (hereinafter referred to as “the Procurement agency”) intends to invite sealed bids from eligible bidders from any country and regions of all over the world for the supply of the following goods and/or service by way of International Competitive Bidding.
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IFB Bid for SHANXI PUBLIC HEALTH PROJECT
1. The People’s Republic of China has received a loan from the Asian Development Bank (ADB) towards the cost of Jilin Urban Environmental Improvement Project. Part of the proceeds of this loan will be used for payments under the contract named above. Bidding is opening to bidders from eligible source countries of ADB. 2. China National Machinery Import & Export Corporation (CMC, the Procurement Agent), authorized by Changchun Municipal Water (Group) Co., Ltd. (the Purchaser) to act for and on its behalf, invites sealed bids from eligible bidders for Supply of Ductile Cast Iron Pipe. The content of this contract is ductile cast iron pipe which is the No. 5 water treatment plant to the north pumping station. The required quantity is 10,000m, Connection form is Pipe and pipe, pipe and fittings adopt T type flexible sliding connection
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IFB Bid for Jilin Urban Environmental Improvement Project
