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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (5218)	7/30/2005 7:28:49 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

China to invest US$1.8 bn to develop online games www.chinaview.cn 2005-07-30 20:18:42 BEIJING, July 30 (Xinhuanet) -- China plans invest 15 billion yuan(about 1.8 billion US dollars) to develop 100 kinds of online games with independent property rights in the next five years, the Shanghai Youth reported. Yu Yongzhan, deputy director with the Press and Publication Administration of China (PPAC), was quoted as saying that the PPAC will make joint efforts with other government departments to speedup the construction of game software development centers in Beijing, Shanghai and Guangzhou cities and Sichuan province where10 to 30 home-made online game companies are expected to be launched within the next three years. "This will give impetus to the growth of game industry across the country, " Yu was cited as saying. The number of Internet users in China, the world's second-largest Internet market, grew by nine million in the first half of this year to reach 103 million. The development represented an increase of 18.4 percent over the same period last year in a market that still has a vast potential for further growth, the China Daily reported on July 22. The burgeoning online gaming market proved especially lucrative, with Internet gamers spending some four billion yuan (483 million dollars) on virtual equipment for their online alter-egos in the first six months. Enditem news.xinhuanet.com

To: RealMuLan who wrote (5218)	7/30/2005 7:36:38 PM
From: RealMuLan	Respond to of 6370

China's net export of steel totals 2.29 million tons in first half year font size ZoomIn ZoomOut China's net export of steel products totaled 2.29 million tons in the first half of this year, said Vice President Luo Binsheng of the China Iron and Steel Association here on Friday at a press conference. This shows China has turned from a steel net importer into a net exporter of steel products, said Luo. In the first half of this year, China's steel imports continued decreasing while steel exports kept rising, he said. During the period, China imported 13.22 million tons of rolled steel, decreasing 26.84 percent year on year, and 773,800 tons of steel billets, down 75.74 percent, figures from the China Iron and Steel Association show. Meanwhile, China exported 11.57 million tons of rolled steel, up 154 percent year on year, and 4.8 million tons of steel billets, up 261 percent, according to the association. Although China's steel exports increase while imports drop, the pricing and technological gap between export and import steel products still exists, said Luo, noting the average price of imported steel per ton is 347 US dollars higher than exported steel. Source: Xinhua english.people.com.cn