China World Trade Corporation announced today in a statement that 75% of its air-ticket sales has been achieved through electronic air-ticketing by its subsidiary Guangdong New Generation Commercial Management Limited(NG).

Ericsson has finalized a number of major GSM expansion contracts with China Mobile which collectively worth more than USD 550 million, said the company in a statement.

Electronic Arts (EA), the world's largest video game publisher, said on Wednesday it had licensed its first online game for distribution in China, a top market for such products, Reuters reported.

The establishment of China’s strategic oil reserve is affected by current global energy issue, since China should not import large amount of crude oil for the reserve when the world is hit by high oil prices, International Finance News reported, citing experts.

EPIN Technologies Ltd. announces that wireless Internet and high-definition programs on public LCD screens will be available on over 200 express train lines by the end of 2006, and 500 train lines by 2008, the company said in a statement.

Export-Import Bank of China, one of the nation's three policy banks, said it plans to raise about 1 billion US from an overseas bond sale this year, its first dollar-denominated bond sale in a year, Forbes reported.

European Union Trade Commissioner, Peter Mandelson, urged China to deliver promises to open up its markets to European goods and investments in order to avoid a protectionist backlash, the Wall Street Journal reports.

.

.