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To: Sawtooth who wrote (35563)	7/18/1999 2:24:00 PM
From: djane	Respond to of 152472

Beijing Gives Nod To Mobile Phone Networks, Software, and Digital TV (7/16/99) China will lend state assistance to high tech projects that its considers key to the nation's development, according to the July 14 Shanghai Zhengquan Bao (Shanghai Securities News). Priority projects will include the development of mobile communications systems, the commercialization of digital high-definition TV, and development of the software industry. The State Development Planning Commission (SDPC) also will focus on commercialization of urban rail traffic equipment, manufacturing of advanced power generating equipment, environmental protection services. Three agricultural areas were also given attention: the commercialization, application and development of rare-earth materials; (8) high-tech commercialization of agricultural fertilizer; and (9) commercialization of biotechnology. Project eligibility is detailed in a new report, "Guide to Development of Key Fields for High-Tech Commercialization," which was jointly issued by the SDPC and the Ministry of Science and Technology. Projects in these fields may be eligible for tax reduction or exemption on imported equipment, state grants, lowered interest rates on loans, risk subsidies, and development funds. Some projects will be initiated by the state, in which case an undertaker will be selected through a public bidding process. Home \| Economic News \| Industry News \| About ChinaOnline Membership Registration \| Products & Services \| Calendar of Events Contact Us \| Statistics \| Reference Materials © ChinaOnline 1999.

To: Sawtooth who wrote (35563)	7/18/1999 2:26:00 PM
From: djane	Respond to of 152472

Great Wall gains position CDMA net in full-scale expansion chinadaily.net Date: 07/18/99 Author: Wang Chuandong Page: 1 China Unicom, the country's most powerful telecommunications operator, now faces a competitor in the lucrative CDMA (code division multiple access) cellular network market. Indeed, Great Wall Telecom has been allowed to become independent as opposed to merging. After analysis of the context, the State Council has permitted Great Wall Telecom to offer commercial services, said an official with the Telecommunications Administrative Bureau under the Ministry of Information Industry (MII). Initially, the State had decided that Great Wall Telecom, a joint venture between the military sector and China Telecom, would merge with China Unicom early this year. China Telecom, which is to be divided into four independent parts, will put an end to its co-operation with Great Wall Telecom, said the official. The State Council is reluctant to allow China Telecom to participate in the CDMA network, a sector reserved for China Unicom, the official told Business Weekly. Industrial insiders say the independence of Great Wall Telecom will bring relief to foreign equipment suppliers. They have been anxiously hoping to win certificates from China Unicom. Earlier this year, China Unicom confirmed that it would eventually choose two to three CDMA equipment suppliers among six telecom candidates after merging with Great Wall Telecom. At present, Great Wall Telecom, on a trial basis, conducts CDMA business in four cities: Guangzhou, Beijing, Shanghai and Xi'an, with systems from Lucent Technologies, Motorola, Samsung and Nortel Networks. Challenge is anticipated for China Unicom's dominance as the Great Wall network is widely believed to be able to grow nationwide. However, to establish a nationwide telecommunications network, the telecom bureau's official said the military sector is likely to seek another partner to provide commercial services. "The new changes will not affect our scheme to initiate the CDMA project. After all, such a large telecom market can hardly be operated by one company," said Tan Xinghui, director at the planning and marketing department of China Unicom. As China plans to popularize the US-favoured CDMA cellular network, a lucrative telecom market is set to emerge in the near future. Although facing a new competitor in the CDMA market, China Unicom will be able to accelerate its listing process with the help of Great Wall Telecom's pullout. According to insiders, China Unicom plans to go public on the Hong Kong Stock Exchange and abroad in October. The move has been approved by the China Securities Regulatory Commission. "The listing aims at easing the deep-rooted problem of capital shortage," said an official with China Unicom. However, he said that before going public, the company will compensate for foreign partners involved in the financing of China-China-foreign (CCF). The CCF mode, regarded now as an irregular operation by the government, involves first moving capital into a China-foreign joint venture.