Sales and Investment
July 16 - September 15, 2001

The following tables contain recent press reports of business contracts and negotiations exclusive of those listed in previous issues. For the most part, the accuracy of these reports is not independently confirmed by The CBR. Contracts denominated in foreign currencies are converted into US dollars at the most recent monthly rate quoted in the International Monetary Fund's International Financial Statistics.
Firms whose sales and other business arrangements with China do not normally appear in press reports may have them published in The CBR by sending the information to the attention of the editor.

Advertising and Public Relations

Investments in China

China Media Network Ltd., a subsidiary of ADV Group Ltd. (Australia); Tom.Centro Ltd., a subsidiary of Tom.com Ltd. (Hong Kong).
Will form an advertising company focusing on outdoor advertisement in China. (Australia:38%-PRC:62%). $10.47 million. 8/01.

Other

Tom.com Ltd. (Hong Kong)/Chinese Gymnastic Association
Will be responsible for the advertising, marketing, and commercial activities of the Chinese National Gymnastic Squad. 7/01.

Agricultural Commodities and Technology

Other

United Nations/Government of the PRC
Will cooperate in experiments on sustainable land use in ten locations in China. $6 million. 8/01.

Banking and Finance

China's Imports

Entrust, Inc. (US)
Will supply the China Financial Certification Authority with enhanced Internet security solutions to enable online transactions for corporate banking customers and stock traders in China. 8/01.

NCR Corp. (US)
Will supply BOC with self-service technology for ATMs. $13 million. 8/01.

Investments in China

Swiss State Secretariat for Economic Affairs (Switzerland)/CDB
Will set up a venture capital management firm, the Sino-Swiss Venture Capital Fund Management Co., Ltd., to establish and manage investment funds and provide consulting services. (Switzerland:33%-PRC:67%). $1.2 million. 7/01.

Other

ABN Amro Bank (the Netherlands)/ICBC
Signed agreement to cooperate in trading financial derivative products. 8/01.

Goldman Sachs Group, Inc. (US), Merrill Lynch & Co., Inc. (US)/ABC
Signed agreements sanctioned by the International Swaps and Derivatives Association to facilitate financial-derivative product transactions. 8/01.

International Air Transport Association (IATA)/ICBC
Signed agreement to clear IATA's plane ticket proceeds in China. 8/01.

San Francisco State University (SFSU, US), China Ventures Inc. (Canada)
SFSU faculty will train Chinese bank employees. 8/01.

Manhattan Capital Group (US)/Shuguang Vehicle Axle Co., Ltd. (Liaoning)
Will provide Shuguang with financial and strategic advice. 7/01.

PTS Inc. (US)
Opened Shanghai office to develop trading platform in China. 7/01.

Sinobull Information Ltd., a subsidiary of Hartcourt Companies, Inc. (US)/Bank of Communications
Will jointly develop a variety of financial products for the foreign exchange trading market. 7/01.

Stern Stewart & Co. (US)
Opened an office in Shanghai to provide consulting services in corporate governance and financial management. 7/01.

Chemicals, Petrochemicals, and Related Equipment

China's Imports

Spur Ventures Inc. (Canada)
Will distribute 1 million tons of diammonium phosphate (DAP) and nitrogen, phosphorous, potassium (NPK) fertilizers to a group of 12 Chinese fertilizer marketing and distribution companies in Anhui, Henan, Hunan, Liaoning, Shaanxi, Shandong, and Shanxi provinces and Guangxi Zhuang Autonomous Region. 7/01.

Investments in China

Air Liquide Shanghai Co., Ltd., a unit of L'Air Liquide SA (France); Air Products and Chemicals (China) Investment Co., a unit of Air Products Chemicals Inc. (US)
Will form a joint venture, Wuxi-HiTech Gases Co., in Jiangsu Province, to manufacture liquid gases. (France:50%,US:50%). 8/01.

Bayer China Co., Ltd., a unit of Bayer AG (Germany)/Shanghai Chlor-Alkali Chemical Co.
Will form joint venture to build a polymer plant in Shanghai. (Germany:90%-PRC:10%). $340 million. 8/01.

BP Chemicals Co., Ltd., a subsidiary of BP plc (UK)/Shanghai Petrochemicals Co., a subsidiary of Sinopec
Will establish joint venture to build a petrochemicals complex in Shanghai to produce ethylene. $2.7 billion. (UK:50%-PRC:50%). 8/01.

Marubeni Corp. (Japan), Mitsubishi Rayon Co., Ltd. (Japan)
Will form joint venture, Nantong Rayon Chemical Co., Ltd., in Jiangsu Province, to manufacture acrylic resin pellets. (Marubeni:20%,Mitsubishi:80%). $30 million. 8/01.

Consumer Goods

Investments in China

British Sugar (Overseas) Ltd. (UK)/Wuxuan Sugar Mill (Guangxi)
Established sugar processing joint venture. $7.6 million. (UK:70%-PRC:30%). 9/01.

Jusco Stores (Hong Kong) Co., Ltd., a subsidiary of Jusco Co., Ltd. (Japan)
Will set up retailing joint venture, Shenzhen Jusco Friendship Stores Co., Ltd. (Japan:65%-PRC:35%). $6.65 million. 8/01.

Malaya Glass Products Sdn. Bhd., a unit of Fraser & Neave Holdings Bhd. (Malaysia)/Tuopai Yeast Liquor Co. (Sichuan)
Established joint venture to manufacture glass products. (Malaysia:60%-PRC:40%). $28 million. 8/01.

Tom.com Ltd. (Hong Kong)/China National Publications Import & Export (Group) Corp.
Established joint venture to help Tom.com identify prospective media partners and distribute its publications in China. $604,000. (Hong Kong:70%-PRC:30%). 8/01.

Other

Wal-Mart Stores, Inc. (US)
Opened a branch store in Shenyang, Liaoning Province. 9/01.

Amway Corp. (US)
Opened a cosmetics counter at a shopping mall in Pudong, Shanghai. 8/01.

Toshiba Corp. (Japan)/Xiaoya Group (Shandong)
Will outsource washing machine production to Xiaoya Group. 8/01.

Carrefour SA (France)
Will set up a procurement and distribution center in Shenzhen, Guangdong Province. 7/01.

DuPont-Hongji Films Foshan Co., Ltd., a joint venture between DuPont Teijin Films Ltd. (US) and Foshan Plastics Group Co., Ltd. (Guangdong)
Opened a branch in Ningbo, Zhejiang Province. 7/01.

Wal-Mart Stores, Inc. (US)
Opened a branch store in Kunming, Yunnan Province. 7/01.

Electronics and Computer Software

China's Imports

eBridge Software Inc., a subsidiary of Bridge Information Systems Inc. (US)
Won contract from China Merchants Bank to build financial web site. 8/01.

Investments in China

Digital Angel Corp., a subsidiary of Applied Digital Solutions, Inc. (US)/Shenyang Du'ouyuan Digital Communications Net Corp. (Liaoning)
Will establish joint venture to manufacture, market, and distribute Digital Angel Technology in China. 8/01.

Hon Hai Precision Industry Co., Ltd. (Taiwan); World Wiser Electronics Inc., a subsidiary of United Microelectronics Corp. (Taiwan)
Will form joint venture in Beijing to manufacture mobile phone components. 8/01.

Kingston Technology Co., Inc. (US)/China Great Wall Computer Shenzhen Co., Ltd. (Guangdong)
Will establish joint venture, Kingston Technology Electronics (Shanghai) Co., Ltd., to supply US multinational companies in China with memory modules. (US:80%-PRC:20%). 8/01.

Prodeo Technologies Inc. (US)/Shenzhen Electronics Group Co., Ltd. (Guangdong)
Will establish joint venture to manufacture semiconductor processing equipment in Shenzhen, Guangdong Province. 8/01.

Exide Technologies, Inc. (US)/Shenyang Dongbei Storage Battery Co., Ltd. (Liaoning)
Will establish joint venture, Exide Shenyang Industrial Battery Co., Ltd., to produce medium and large network batteries. (US:65%-PRC:35%). $25 million. 7/01.

Matsushita Battery Industrial Co. (Japan), Matsushita Electric Industrial Co. (Japan)
Set up joint venture to produce nickel-cadmium batteries. $48.25 million. 7/01.

Tokai Carbon Co., Ltd. (Japan), SGL Carbon AG (Germany)
Will form joint venture in Shanghai to manufacture and market graphite electrode used for steel production in China. 7/01.

Other

AsiaInfo Holdings Inc. (US)
Won contract from China Netcom to provide convergent billing software to expand its data network. 9/01.

Sun Television Cybernetworks Holdings Ltd. (Hong Kong)/Sina.com (Beijing)
Will merge with Sina.com by selling 29% of its shares. $8 million. 9/01.

Alcatel SA (France)
Will cooperate with elong.com, linktone.com, netease.com, sina.com, and sohu.com to provide content for users of its wireless application protocol. 8/01.

Cirrus Logic, Inc. (US)/Central Semiconductor Manufacturing Co., Ltd. (Jiangsu)
Signed five-year foundry manufacturing agreement in China. 8/01.

Dalian BHR Consultancy Services, a unit of PSA Corp. (Singapore); iPlanet E-Commerce Solutions (US)
Signed MOU to establish an e-commerce competency center in Dalian, Liaoning Province. 8/01.

DragonVenture, Inc. (US)/Digiark Information Technology Corp. (Beijing)
Signed agreement to provide customer service and source partners for Digiark. 8/01.

Institut Mémoires de l'Edition Contemporaine (Belgium)/Chongqing Microsystems Science Co., Ltd.
Signed MOU to cooperate in training Chinese technicians and developing technical achievements. 8/01.

Power Technology, Inc. (US)
Opened branch office in Beijing. 8/01.

Video Display Corp. (US) Chunghwa Picture Tubes (Fuzhou) Ltd. (Fujian) Openwave Systems Inc. (US)
Won contract from Jitong Network Communications Co., Ltd. to provide its Openwave(TM) E-mail Mx solution. 7/01.

Engineering and Construction

China's Exports

China International Enterprise Cooperative Corp.; China National Machinery and Equipment Import and Export Corp.
Won contract from the Government of Congo to build a hydropower plant on the Congo River. $220 million. 8/01.

CNPC
Won contract from Bitumenes Orinoco, SA, a subsidiary of Petroleos de Venezuela, SA, to build a 6.5 metric ton Orimulsion plant in Venezuela. $300 million. 7/01.

China's Imports

Kvaerner ASA (Norway)
Won contract from Hang Yang Air Liquide Co., Ltd., a joint venture between L'Air Liquide SA (France) and Hangzhou Hangyang Group (Zhejiang), to build an air separation plant and a production plant to manufacture liquid oxygen and nitrogen in Wuxi, Jiangsu Province. $20.23 million. 7/01.

Morgan Construction, Inc. (US)
Constructed a high-speed rod mill at Hangzhou Iron & Steel Group Co., in Zhejiang Province. 7/01.

Other

Government of Kuwait
Will extend long-term credit for the construction of an airport in Panzhihua, Sichuan Province. $30.87 million. 8/01.

Environmental Technology and Equipment

Other

ADB
Will provide technical assistance to combat desertification in western China, particularly Gansu Province. $610,000. 8/01.

Food and Food Processing

Investments in China

Vin Alcools et Spiritueux de France, a subsidiary of Castel Group (France)/Yantai Changyu Pioneer Wine Co., Ltd. (Shandong)
Will establish joint venture, Yantai Changyu-Castel Wine Co., Ltd., in Yantai, Shandong Province. (France:30%-PRC:70%). $5 million. 8/01.

Vin Alcools et Spiritueux de France, a subsidiary of Castel Group (France)/Yantai Changyu Pioneer Wine Co., Ltd. (Shandong)
Will establish joint venture, Langfang Castel-Changyu Wine Co., Ltd., in Langfang, Hebei Province. (France:51%-PRC:49%). $3 million. 8/01.

Other

McDonald's Corp. (US)
Plans to set up 100 franchises each year in China from 2003 to 2013. 8/01.

Medical Equipment and Devices

Investments in China

GE Medical Systems, a unit of General Electric Co. (US)
Established an industrial park in Beijing Economic and Technological Development Area to develop, manufacture, and market medical diagnostic equipment. $26 million. 9/01.

Metals, Minerals, and Mining

China's Exports

Baoshan Iron and Steel Co. (Shanghai)
Supplied Fiat S.p.A., in Italy, with 750 tons of sheet steel for automobiles. 9/01.

China's Investments Abroad

Companhia Vale do Rio Doce (Brazil)/Shanghai Baosteel Corp.
Will form mining joint venture to explore iron ore mine in Brazil. (Brazil:50%-PRC:50%). 8/01.

Investments in China

Pasminco Ltd. (Australia), Lee Kee Group Ltd. (Hong Kong)
Established joint venture to build a zinc alloy plant in Ningbo, Zhejiang Province. (Australia:40%,Hong Kong:60%). $1.5 million. 8/01.

Other

Tin Technology, Inc. (US)/Yunnan Tin Corp.
Will cooperate in technology transfer and market development in China. 8/01.

Vietnam Mineral Corp./China National Non-ferrous Metals Import and Export Corp.
Signed MOU to mine bauxite in Dac Nong District of Dac Lac in Vietnam. 7/01.

Miscellaneous

Investments in China

Ondeo Services, a subsidiary of Suez SA (France)
Won contract from Government of the PRC to acquire and manage an existing water production facility in Shanghai. $4.40 million. 7/01.

SPH Mediaworks Ltd. (Singapore), Jade Media Works (Hong Kong)
Established joint venture to develop television programs in China. (Singapore:50%,Hong Kong:50%). $9 million. 7/01.

Other

AOL Time Warner Inc. (US)
Will broadcast full-time, Chinese-language channels in Guangdong Province. 9/01.

News Corp., Ltd. (Australia)
Will broadcast full-time, Chinese-language channels in Guangdong Province. 9/01.

Pacific Century Cyberworks Ltd. (Hong Kong)/China Unicom Yellow Pages Information Co., a subsidiary of China Unicom
Signed agreement to cooperate in China's yellow pages market. 8/01.

Petroleum, Natural Gas, and Related Equipment

Other

Agip China BV, a unit of ENI S.p.A. (Italy)/Qinghai Oil Corp., a unit of PetroChina
Will conduct seismic surveys in the Sebei prospect of the Qinghai oil field in Qaidam basin, Qinghai Province. 8/01.

Chevron Australia Pty Ltd., a subsidiary of Chevron Corp. (US)/CNOOC International Ltd., a unit of CNOOC
Signed MOU to explore the feasibility of acquiring gas interests in the Gorgon Area, Australia, and to develop China's gas market. 8/01.

Husky Energy Inc. (Canada)/CNOOC
Will carry out oil exploration in the Pearl River Basin of the South China Sea. 7/01.

Pharmaceuticals

Investments in China

Hutchison Whampoa Ltd. (Hong Kong)/Shanghai Pharmaceuticals Co., Ltd.
Will form joint venture to develop and produce drugs based on traditional Chinese medicines. $13.29 million. 8/01.

Other

Peregrine Pharmaceuticals Inc. (US)/Medipharm Biotech Co., Ltd. (Shanghai)
Will cooperate in product development of tumor necrosis therapy. 9/01.

Ports and Shipping

Investments in China

PSA Corp. (Singapore)/Guangzhou Harbor Bureau (Guangdong)
Established joint venture to manage and operate the container terminal at Huangpu Xingang, in Guangdong Province. (Singapore:49%-PRC:51%). 7/01.

Power Generation Equipment

Investments in China

Ameromag Corp. (US)/Qingdao Wind Energy Generation Equipment Works, Ltd., LLC (Shandong)
Established joint venture, Qingdao Aeromag Wind Energy Equipment Works, Co., Ltd., in Shandong Province, to manufacture wind turbine generators. 8/01.

Property Management and Development

Investments in China

China Overseas Land and Investment Ltd. (Hong Kong)
Will acquire shares in Beijing Centergate Building. $23 million. 7/01.

China's Imports

LM Ericsson AB (Sweden)
Won contract from China Mobile to supply second phase of its GPRS network to over 50 cities in nine province-level areas, including Chongqing, Guangdong, Guangxi, Hebei, Heilongjiang, Hubei, Jiangsu, Shandong, and Shanghai. 9/01.

Motorola Inc. (US)
Won contracts from China Unicom to expand the GSM 900 and 1800 networks in Fujian, Guangdong, Hunan, Jiangxi, and Shanxi provinces and Shenzhen, Guangdong Province. $260 million. 9/01.

Agere Systems, Inc. (US)
Won contract from Huawei Technologies Co., Ltd., in Guangdong Province, to supply programmable network processors and protocol independent switch fabric products to develop systems for optical networks. 8/01.

Alcatel SA (France)
Won contract from Sichuan Telecom Co., a subsidiary of China Telecom, to install a DSL network in Sichuan Province. 8/01.

Alcatel SA (France)
Won contract from Tibet Mobile Co., a unit of China Mobile, to expand the GSM network in the Tibet Autonomous Region. 8/01.

AsiaInfo Holdings Inc. (US)
Won contract from Yunnan Telecom Co., a subsidiary of China Telecom, to expand its network capacity. $4 million. 8/01.

Caripac.com Holdings Ltd. (Hong Kong), Oy Nokia AB (Finland)
Won contract to supply Jilin Telecom Co. with high-speed broadband network equipment. 8/01.

Nortel Networks Corp. (Canada)
Will update China Telecom's multiservice backbone networks in several cities throughout China. $8 million. 8/01.

Oy Nokia AB (Finland)
Signed agreement to supply Fujian Telecom Co. with Nokia's D50e broadband access solution. 8/01.

Oy Nokia AB (Finland)
Won contract from Guangdong Telecom Co., a subsidiary of China Telecom, to supply broadband DSL equipment to expand Guangdong Telecom's existing network. 8/01.

Oy Nokia AB (Finland)
Won contract from Shandong Telecom Co. to expand broadband DSL network coverage in Jinan and Qingdao in Shandong Province. 8/01.

Redback Networks Inc. (US)
Will supply Suzhou Cable TV station, in Jiangsu Province, with the platform to provide broadband Internet service. 8/01.

Siemens AG (Germany)
Won contract from China Mobile to install 750 base stations and a new switching system to expand the networks in Shanghai and Inner Mongolia Autonomous Region. $128 million. 8/01.

Siemens AG (Germany)
Won contract from China Unicom to install new base stations and switching systems. $68 million. 8/01.

Telson Electronics Co., Ltd. (South Korea)
Will supply mobile phone handsets to Konka Telecommunication Technology Co., in Guangdong Province. $102.1 million. 8/01.

Vertel Corp. (US)
Sold license of its telecommunications management network software product suite to Shanghai Datang Mobile Communications Equipment Co., Ltd. for Datang's CDMA equipment. 8/01.

Vodatel Networks Holdings Ltd. (Macao)
Won contract from Yantai China Telecom Co., in Shandong Province, to supply multiservice networking equipment to enhance Yantai's Broadband ATM/Frame Relay networking capability. 8/01.

Alcatel SA (France)
Won contract from Ningxia Unicom Co., a unit of China Unicom, in Ningxia Hui Autonomous Region, to supply an optical transmission system. 7/01.

AsiaInfo Holdings Inc. (US)
Won contracts from China Telecom to build broadband networks in Shandong and Heilongjiang provinces. $2 million. 7/01.

Cisco Systems, Inc. (US)
Won contract from China Unicom to expand its voice-over-IP network by supplying routers, switches, and access servers. $40 million. 7/01.

Oy Nokia AB (Finland)
Will provide Zhejiang Unicom Co. with equipment to expand its GSM 1800 network. 7/01.

Nortel Networks Corp. (Canada)
Won contract from Guangdong Telecom Co. to supply an optical backbone network covering Dongguan, Guangzhou, Huizhou, Shantou, and Shenzhen in Guangdong Province. $10 million. 7/01.

Pantech Co., Ltd. (South Korea)
Won contract from Soutec Inc. in Guangdong Province to supply parts for 500,000 mobile phones. 7/01.

Redback Networks, Inc. (US)
Won contract from Gansu Telecom Co. to provide its short message service platform. 7/01.

Other

Qualcomm Inc. (US)
Granted license to Eastern Communications Co., Ltd. to manufacture next-generation CDMA wireless networking equipment. 9/01.

Alcatel SA (France)/Intrinsic Technology Inc. (Shanghai)
Set up a laboratory in Shanghai to test wireless communications. 8/01.

Korea Telecom Corp. (South Korea)
Opened a representative office in Shanghai. 8/01.

Siemens AG (Germany)/Legend Holdings Ltd. (Beijing)
Will jointly develop wireless handheld devices in China. 8/01.

EnReach Technology, Inc. (US)
Established partnership with Great Wall Broadband Network Service Co., Ltd. (Guangdong). 7/01.

Flextronics International Ltd. (Singapore)/PTIC Information Industry Corp. (Beijing)
Will cooperate in sales, manufacturing, and R&D plans for the Chinese communications market. 7/01.

Hyundai Group (South Korea)/Soutec Inc. (Guangdong)
Will jointly manufacture "Soutec-Hyundai" CDMA and third generation cell phones. 7/01.

New T&T, a subsidiary of Wharf Group (Hong Kong)
Signed direct fiber interconnection agreement with China Netcom, China Telecom, and China Unicom. 7/01.

Shin Satellite plc (Thailand)
Will lease about 20 percent of the capacity of its iPSTAR satellite to China Railcom. $800 million. 7/01.

Vyyo Inc. (US)/Wuhan Research Institute of Posts and Telecommunications (Hubei)
Signed agreement for Vyyo to supply broadband fixed wireless systems on an original equipment manufacturer basis and for the Wuhan Research Institute to serve as a system integrator for service providers in China. 7/01.

Wi-LAN Inc. (Canada)
Signed two distribution agreements with Sunbeam Technologies Development Corp., in Beijing, and Spectrum Communications Systems (US), a Chinese distributor based in California. 7/01.

Transportation

China's Imports

The Boeing Co. (US)
Won contract from the Government of the PRC for 36 jetliners. $2 billion. 9/01.

Celarix Inc. (US)
Will supply COSCO with logistics software to automate the contract, tariff, and pricing activities of its shipping companies. 8/01.

Nissan Diesel Motor Co., Ltd. (Japan)
Will supply Dongfeng Chaoyang Diesel Co., a unit of the Dongfeng Automobile Corp., in Liaoning Province, with components and assistance for assembling 3,153cc diesel engines. 8/01.

Investments in China

ABC-NACO Inc. (US)/Zhuzhou Rolling Stock Works (Hunan)
Will form joint venture to manufacture and sell ABC-NACO design suspension systems and related components to the Chinese market. 8/01.

China Airlines (Taiwan), EVA Airways Corp. (Taiwan), Far Eastern Air Transport Corp. (Taiwan), Taiwan Airport Services Co./Government of Xiamen (Fujian)
Will establish an air cargo terminal joint venture in Xiamen International Airport. (Taiwan:49%-PRC:51%). $27 million. 8/01.

China Airlines (Taiwan)
Will purchase 25% of the shares of China Cargo Airlines in Shanghai. 8/01. Degao Co., Ltd. (Singapore)/Beijing Jinjian Taxi Co. Will set up joint venture to provide taxi service in Beijing. $29.76 million. 8/01.

SNC-Lavalin Inc. (Canada)/Beijing No. 5 Subway Investment Corp.
Established joint venture to cooperate in funding the construction of the No. 5 subway in Beijing. (Canada:37.5%-PRC:62.5%). $12 million. 8/01.

Man AG (Germany)/Zhengzhou Yutong Coach Manufacturing Co. (Henan)
Will form 50-50 bus manufacturing joint venture. $36 million. 7/01.

Other

Renault SA (France)
Established Renault 3S service center in Shenzhen, Guangdong Province. 8/01.

Mitsubishi Corp. (Japan), Mitsubishi Logistics Corp. (Japan)/Transportation Bureau of the Beijing Municipal Government
Established joint venture in Beijing to build a 15,000 m2 warehouse in a Beijing suburb. (Japan:74%-PRC:26%). $21.84 million. 7/01.

NV Bekaert SA (Belgium)
Won contract from the Government of the PRC to supply a fence system for the Beijing-Guangzhou railway project. $4.40 million. 7/01.

Toyota Motor Corp. (Japan)
Set up investment and marketing company, Toyota Motor (China) Investment Co., Ltd., in Tianjin. $3 million. 7/01.

Abbreviations used throughout text: ABC: Agricultural Bank of China; ADB: Asian Development Bank; BOC: Bank of China; CAAC: General Administration of Civil Aviation of China; CATV: cable television; CCB: China Construction Bank; CDB: China Development Bank; CDMA: code division multiple access; CEIEC: China National Electronics Import and Export Corp.; China Mobile: China Mobile Communications Corp.; China Netcom: China Netcom Corp. Ltd.; China Railcom: China Railway Communications Co., Ltd.; China Telecom: China Telecommunications Group Corp.; China Unicom: China United Telecommunications Corp.; CIRC: China Insurance Regulatory Commission; CITIC: China International Trust and Investment Corp.; CITS: China International Travel Service; CNOOC: China National Offshore Oil Corp.; CNPC: China National Petroleum & Gas Corp.; COSCO: China Ocean Shipping Co.; ETDZ: economic and technological development zone; ICBC: Industrial and Commercial Bank of China; MII: Ministry of Information Industry; MOFTEC: Ministry of Foreign Trade and Economic Cooperation; MOU: memorandum of understanding; NA: Not Available; PBOC: People's Bank of China; PetroChina: PetroChina Co., Ltd.; RMB: Renminbi; SEZ: Special Economic Zone; SINOCHEM: China National Chemicals Import-Export Corp.; SINOPEC: China National Petrochemical Corp.; SINOTRANS: China National Foreign Trade Transportation Corp.; SDPC: State Development Planning Commission; UNDP: United Nations Development Program