Shanghai Enterprises Allowed to Go Abroad for Business despite SARS

Home>>Business

Last updated at: (Beijing Time) Wednesday, May 28, 2003

Shanghai Enterprises Allowed to Go Abroad for Business despite SARS

DISCUSSION

CHINESE

SEND TO FRIEND

Three business teams from Shanghai (Group) Corporation for Foreign Economic & Technological Cooperation (SCFETC) were recently given permission to travel overseas for regular trade activities despite SARS, the company said Tuesday.

According to Tang Xiaojie, president of SCFETC, one of the three teams will go to Vietnam for contracts in two thermal power stations and two hydropower plants. Another will leave for Guyana to sign an agreement over the construction of a cane-sugar plant. The third will make preparations for a contracted highway building project in Iran, which will involve 210 million US dollars.

Recently, Shanghai government has approved 13 enterprises to deal with foreign trade activities abroad.

With the official permission, 20 groups engaged in business negotiation, foreign capital introduction, overseas project management, after-sale services, or inspection and training will go to the United States, Britain, France, Germany, Canada, Japan and some other foreign countries to restart their business.

Members of the groups are required to receive medical checks, including blood test and X-ray examinations at the Shanghai international travel healthcare center before they leave.

Since the beginning of this April, China's foreign trade, especially exports and foreign direct investment, have encountered great challenges due to the SARS influence.

The Shanghai municipal government has encouraged local enterprises to keep contact with their foreign partners via telephone, fax and Internet.

Orient International Enterprise Ltd., mainly engaged in clothes and textiles, saw export volume drop this year.

Fortunately, the enterprise has successfully transformed pressure to impetus by opening three subsidiary companies in America, Australia and Japan, which are able to have direct contacts with overseas customers.

According to official statistics, during the first four months of this year, Shanghai reported a total export volume of 13.76 billion US dollars, 45.2 percent higher than that of the same period last year.

Questions?Comments? Click here

Foreign Businessmen Support HK People's Fight Against SARS

China's Service Industry gets Facelift in SARS Crisis

Restaurants Find Ways out Under Threat of SARS

Chinese Crack Down on Public Spitting ( 2 Messages)

United States Afraid of its Own Shadow: Mahathir ( 8 Messages)

Int'l Community Aids China's SARS-control ( 6 Messages)

BBC Leader Criticizes US Coverage of War against Iraq ( 17 Messages)

US Interference in China's Internal Affairs Doomed to Failure: FM Spokeswoman ( 7 Messages)