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First Foreign Life Insurer Starts Business in Beijing
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| American International Assurance Friday announced the opening of its Beijing branch, making it the first foreign insurer to offer life-insurance services in the Chinese capital.
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Heinz Vows to Make Headway in China
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| Heinz Food Group, one of the world's most successful food producers, is aiming to strengthen its position in the vast Chinese market.
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SAS to Expand Chinese Mainland Service
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| Scandinavian Airlines Systems (SAS) has vowed to further enhance its presence in the Chinese market in the coming few years in a bid to meet the rapidly growing demand of Chinese travellers and rising volume of cargo shipments on the Beijing-Copenhagen route.
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Airline Alliance Eyes China Link
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| Star Alliance, the world's biggest airline network, said over the weekend at a semi-annual CEO conference that it is very interested in having a Chinese airline join the aviation alliance.
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Nokia Chips in on MMS Services
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| Nokia announced recently it has successfully set up Asia's first multimedia messaging service (MMS) roaming and interworking with leading Chinese operators, over general packet radio service (GPRS).
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Huatai Insurance, ACE Signs Stake Transfer Deal
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| Huatai Insurance, China's fourth largest property insurer on Tuesday inked a landmark deal with US-based ACE Group to transfer a minor part of its stakes to the foreign giant financial company, making it the first Chinese property insurer to tie-up with foreign rivals for stake transfers.
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Chain Store Opens China Headquarters
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| The US-based Office 1 Superstore, a leading group of office product stores in the world, has received approval to set up its China headquarters in Shanghai and will start business operations next month.
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Microsoft & TCL Put Heads Together for Mobile Phone Market in China
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| May 16, 2002 saw Microsoft (China) Co., Ltd. contracted a memorandum of cooperation with TCL Mobile Co., Ltd in Beijing for developing the next generation of OMIT product on the basis of PocketPC 2002 Phone Edition and Smart phone 2002.
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First Sino-Foreign Running Water Joint Venture Set Up
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| Generale Des Eaux, a company under the giant international group of Vivendi, in France, has purchased 50 percent of shares of the Pudong branch of the Shanghai Running Water Company.
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Pierre Cardin: China May Set 21st Century Fashion Trends
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| Pierre Cardin, who helped change the face of fashion in the 20th century, believes Chinese designers might become the fashion leaders in the new millennium. "I am sure Chinese fashion will become very strong. China has an awful lot of talent. It is a very big country, and I know so much talent in China. Maybe it will become one of the leading countries in the world for couture," Cardin said in an interview at his Riviera mansion.
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