Gold-mining restrictions
(China Daily)Updated: 2006-12-04 10:44
From DVD to EVD
Nearly 20 leading Chinese manufacturers will stop making DVD players from 2008, replacing them with EVD (Enhanced Versatile Disc) players, the next-generation players based on a Chinese home-grown standard.
The companies involved, including Shinco, Amoi, Hisense and TCL, will make a joint announcement of the switch next Wednesday, according to Zhang Baoquan, chairman of Antaeus Group and secretary-general of the EVD Industry Alliance, which is dedicated to promoting the EVD standard.
All firms involved are members of the EVD Industry Alliance. Antaeus is a real estate developer that has thrown its weight behind EVD in recent years.
Shanghai financial push
Shanghai has laid down ambitious plans to strengthen its position as an international financial centre.
According to a blueprint unveiled last week for the 11th Five Year Plan period (2006-10), the city aims to capture at least 25 per cent of the nation's financial business, including stocks and bonds.
The plan highlights four main elements in the development framework. The first involves establishing a world-renowned financial market system in which both domestic and foreign investors can participate.
By the end of 2010, Shanghai's monetary market is expected to have a trading volume of 80 trillion yuan (US$10.22 trillion). At the end of October this year the figure was 46 trillion yuan (US$5.87 trillion), and last year the figure was 34 trillion yuan (US$4.34 trillion).
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