Beijing’s economy to remain strong after the Olympic Games

While many people are speculating how Beijing will continue to sustain its economic growth after the 2008 Olympics Games, the deputy-mayor of Beijing Lu Hao, speaking at the International Forum on China Service Trade Development yesterday said the city will not encounter an economic downturn after the Games.

China should accelerate service trade

“The total volume of export and import in the service trade is expected to reach US$400 billion by 2010, and the annual growth rate to exceed 20 percent, according to China’s eleventh five-year plan,” said Hu Jingyan, Ministry of Commerce of the People’s Republic of China, Director of Department of Service Trade, at the International Forum on China Service Trade Development yesterday.

NASDAQ plans to setup office in Beijing

As one of the most well-known share-market companies in the world, NASDAQ plans to set up its office in Beijing to attract Chinese companies，according to Xu Gangxun, chief representative of NASDAQ China office.

Innovation makes a difference in traditional industry

The importance of innovation not only plays an important role for the high-tech industry, but as well as the traditional ones, Qiu Jibao, the board chairman of Feiyue, a sewing machine company, said during his speech on The Innovation and Development of High-tech Enterprises last Friday at the Great Hall of the People.