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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?

To: Stock Watcher who wrote (7873)	5/3/1999 1:23:00 PM
From: whitephosphorus	Read Replies (1) \| Respond to of 52051

MRVC on the move........ only news I found was from JT about $65mm intent to buy from the Chinese. The YHOO board said the chairman of MRVC is in China....Oh NBase is a subsidary of MRVC as you read toward the bottom of this article.... Monday, May 3, 1999 17 Iyar 5759 Updated Mon., May. 03 02:28 Weizman's China visit helps boost business By BATSHEVA TSUR JERUSALEM (May 3) - Israel's economic relations with China got a big boost during President Ezer Weizman's week-long state visit, government officials said yesterday upon his return. Weizman's presence helped joint economic ventures receive unprecedented coverage and his entourage's businessmen were brought into contact with larger numbers of Chinese economic officials and potential business contacts, they said. Three joint economic seminars were opened by the president - in Beijing, Shanghai, and Hong Kong - in which there were some 300 participants from both countries. Officials refused to reveal whether there were any ventures involving military cooperation, although the two countries have such agreements, according to foreign media reports. In 1989, when Weizman was defense minister, Israel's first arms deals with China were signed. Among the joint ventures signed were: a geothermal energy agreement between Ormat and a company from Yunnan province, signed Friday in Kunming ($30 million in the first stage); an electronics agreement (signed in Hong Kong Wednesday) between Wittcom and the local Champion company; an agreement between Barmad (water control valves) and the Shanghai water authority to set up a joint venture to the tune of $8m.; ECI Telecom and Telecom Beijing - another step in a $50m. venture; an electric meter venture with Nissco and a Beijing firm - $3m. in the first stage; Magen Medical will sell equipment worth $6m to three hospitals; NBASE signed three deals worth $65m. with leading Chinese hi-tech firms; Vocaltec signed the first deal for Internet transmitted calls in China - $20m. in the first stage; and Dead Sea Chemicals signed a $50m. joint venture project with the Ministry of Foreign Trade and economic cooperation for the distribution of bromide. Israeli exports to China rose by 81% last year, to $128.4m., while Chinese exports stood at $289.6 - a 40% increase. In the first quarter of 1999, the total volume of trade rose by 50%, with Israeli exports to China up by 80%.