China Launches First African Economic and Trade Zone

An economic and trade cooperation zone was launched by China in the Zambian capital of Lusaka on Sunday. This is China’s first ever such enterprise in an African country.



Chinese President, Hu Jintao and his Zambian counterpart, Levy Patrick Mwanawasa, jointly inaugurated the Zambia-China Economic and Trade Cooperation Zone.



The zone's establishment is part of China's efforts to fulfill earlier promises to improve fully-fledged cooperation with African nations.



Hu announced at the Beijing Summit of the Forum of China-Africa Cooperation (FOCAC) last November eight measures designed to strengthen collaboration including the establishment of three to five trade and economic cooperation zones in Africa over the next three years.



"The aim of my African tour is to consolidate the traditional friendship between China and Africa, implement the results achieved at the Beijing summit of FOCAC, expand pragmatic cooperation and seek common development," Hu said at the inauguration ceremony.



The government would encourage and support qualified Chinese enterprises to invest in the zone and make a contribution to Zambia's economic development and social progress, Hu said.



Mwanawasa pledged to further improve the investment environment and hoped that more Chinese and foreign enterprises would locate in the zone bringing along with them ‘know how’ and expertise necessary for the development of the zone and Zambia in general.



The zone, located in Zambia's Copper Belt Province, is designed to form a production chain with the Chambisi Copper Smelter as the core enterprise.



The establishment of the zone is expected to boost the development of Zambia's light industries and the construction materials, home electrical appliance, pharmacy and food processing sectors, increase the country's exports and create job opportunities.

Hu arrived in Zambia on Saturday on a three-day state visit. Zambia is the fourth leg of his eight-nation African tour which has taken him to Cameroon, Liberia and Sudan. Hu will also travel to Namibia, South Africa, Mozambique and the Seychelles.



(Xinhua News Agency February 5, 2007)

Mixed Shanghai Trading Debut for Industrial Bank

Shares in the Industrial Bank, China's 10th largest commercial bank, opened at 24.8 yuan (US$3.2) on their Monday debut on the Shanghai Stock Exchange.

The opening price was 55.19 percent higher than its initial public offering (IPO) price of 15.98 yuan (US$2), but below market expectations of 30 yuan (US$3.9).

The bank first experienced a nervous moment as its shares dropped to 23.25 yuan (US$3) within an hour of the opening, but they rebounded slightly.

The weak performance of the Industrial Bank shares follows last week's 7 percent plummet of the Shanghai stock market.

The benchmark Shanghai Composite Index slumped more than 4 percent to close at 2,673.21 points on Friday.

The Industrial Bank has reported a record 1.16 trillion yuan (US$149.5 billion) in registration capital in its IPO, topping previous records set by China Life and the Industrial and Commercial Bank of China.

The Industrial Bank has raised nearly 16 billion yuan (US$2.1 billion) from the issue of 1.001 billion renminbi-denominated A-shares on the Shanghai bourse.

Gao Jianping, the bank's chairman, announced the funds would go toward boosting capital adequacy ratio as well as strengthening its risk prevention capability and profitability.

(Xinhua News Agency February 5, 2007)

Mixed Shanghai Trading Debut for Industrial Bank

Shares in the Industrial Bank, China's 10th largest commercial bank, opened at 24.8 yuan (US$3.2) on their Monday debut on the Shanghai Stock Exchange.

The opening price was 55.19 percent higher than its initial public offering (IPO) price of 15.98 yuan (US$2), but below market expectations of 30 yuan (US$3.9).

The bank first experienced a nervous moment as its shares dropped to 23.25 yuan (US$3) within an hour of the opening, but they rebounded slightly.

The weak performance of the Industrial Bank shares follows last week's 7 percent plummet of the Shanghai stock market.

The benchmark Shanghai Composite Index slumped more than 4 percent to close at 2,673.21 points on Friday.

The Industrial Bank has reported a record 1.16 trillion yuan (US$149.5 billion) in registration capital in its IPO, topping previous records set by China Life and the Industrial and Commercial Bank of China.

The Industrial Bank has raised nearly 16 billion yuan (US$2.1 billion) from the issue of 1.001 billion renminbi-denominated A-shares on the Shanghai bourse.

Gao Jianping, the bank's chairman, announced the funds would go toward boosting capital adequacy ratio as well as strengthening its risk prevention capability and profitability.

(Xinhua News Agency February 5, 2007)

China aims to spend $200bn of reserves

SHANGHAI - The Chinese government is taking action to implement a new policy of diversifying the disposal of the country's over US$1 trillion foreign exchange reserves which was initiated by the Central Conference on Financial Affairs three weeks ago.

The Ministry of Finance (MOF) is planning to issue yuan-denominated bonds to raise funds that will be used to "buy out"



as much as $200 billion from the country's foreign reserve pool.

To take funds out of the foreign exchange reserves the government must pay the equivalent amount in yuan to balance the books.

At the current exchange rate, the total amount of yuan bonds to be issued by the MOF will be more than 1.5 trillion yuan. The ministry plans to sell the bonds to commercial banks, according to China Business News, a leading business newspaper based in Shanghai.

The $200 billion "bought out" from the foreign exchange reserves will then be injected into a new company to be set up this year to handle overseas investment with foreign reserves.

The new company, tentatively named National Foreign Exchange Investment Company, will be controlled by the State Council, China's cabinet. It will spend funds from the foreign reserves on mergers and acquisitions of overseas businesses, including foreign financial institutions. It will also target overseas energy assets and will likely acquire equities in the domestic markets, or even lend money to help finance domestic research and development projects.

Informed sources say that Lou Jiwei, currently vice minister of finance, will be appointed as board chairman of the National Foreign Exchange Investment Company.

The new company will be a ministry-level body and as such its creation needs to be rubber-stamped by the National People's Congress (NPC), China's parliament. According to Chinese law, bond issuance by the MOF also needs the NPC's approval. Therefore, both the establishment of the investment arm and the issuance of bonds are expected to be on the agenda of the NPC's annual session, which begins next month.

SY-311CK

Model No.:	SY-311CK
Product Origin:	China

Detailed Product Description

Specifications:
1) Image resolution for digital camera:
  a) 2,720 x 2,048 (6.0 mp interpolation)
  b) 2,048 x 1,536pixels
  c) 1,600 x 1,200pixels
  d) 1,280 x 1,024pixels
  e) 640 x 480pixels
2) Image resolution for PC camera:
  a) 640 x 480pixels
  b) 352 x 288pixels
  c) 320 x 240pixels
  d) 176 x 144pixels
  e) 160 x 120pixels
3) Image resolution for video:
  a) 320 x 240 pixels
4) Lens: F2.8F=9.3/9.6mm
5) LCD: 1.5"
6) Memory:
a) Internal: SDRAM 32MB
b) External: SD/MMC card
9) Memory capacity: 1pc photo can be saved
10) Self timer photography: 10s
11) Shutter speed: 1/555555s-1/30s
12) Automatic energy saving
13) Frame rate (video): about 8fps (VGA), about 15fps (QVGA)
14) Power supply: 2 x AA
15) Transmission interface: USB 1.1

SY-311CK

Model No.:	SY-311CK
Product Origin:	China

Detailed Product Description

Specifications:
1) Image resolution for digital camera:
  a) 2,720 x 2,048 (6.0 mp interpolation)
  b) 2,048 x 1,536pixels
  c) 1,600 x 1,200pixels
  d) 1,280 x 1,024pixels
  e) 640 x 480pixels
2) Image resolution for PC camera:
  a) 640 x 480pixels
  b) 352 x 288pixels
  c) 320 x 240pixels
  d) 176 x 144pixels
  e) 160 x 120pixels
3) Image resolution for video:
  a) 320 x 240 pixels
4) Lens: F2.8F=9.3/9.6mm
5) LCD: 1.5"
6) Memory:
a) Internal: SDRAM 32MB
b) External: SD/MMC card
9) Memory capacity: 1pc photo can be saved
10) Self timer photography: 10s
11) Shutter speed: 1/555555s-1/30s
12) Automatic energy saving
13) Frame rate (video): about 8fps (VGA), about 15fps (QVGA)
14) Power supply: 2 x AA
15) Transmission interface: USB 1.1

MP4 Player T-12S

Model No.:	T-12s
Product Origin:	China
Price Terms:	FOB Shenzhen
Payment Terms:	T/T, Western Union
Supply Ability:	1,000pcs/day
Minimum Order:	100pcs
Delivery Lead Time:	3 days
Certification(s):	CE, FCC, RoHS, SISVEL

Specifications:

1) Dimensions: 75mm x 42mm x 15mm                   
2) Weight: 50g                                               
3) With FM and recorder function                       
4) Colors available: black, silver, red and blue
5) Screen size: 1.5" CSTN color screen                    
6) Memory capacity: 256MB, 512MB, 1GB and 2GB
7) Operating system: no driver is needed above Win 98
8) MP3, WMA, AMV, WMV formats
9) With Li-battery which can play 5 - 6 hours