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In Shenzhen alone, multinational retailers, including IKEA, B&Q, OBI, TARGET and Wal-

Mart, have or will set up their procurement centers for their regional, Asian or even global

operation. The latest news is about the plan of AEON from Japan, the biggest retailer in

Asia and the 13th in the world, for its global sourcing center in Shenzhen.

IBM Relocates Its Global Sourcing HQ to China

Monday,October 16,2006 Posted: 06:24 BJT(2224 GMT) The Beijing Times

IBM recently announced to relocate its global sourcing HQ to Shenzhen, China. It is the

first time that IBM has placed the HQ of one business unit or department to somewhere

outside the US.

IBM Chief Purchasing Officer John says the reason for relocating the HQ to Shenzhen is

largely a realization of Shenzhens advantages for purchasing. In Asia, IBM has over

1850 purchasing and logistic staff, many of whom are based in IBMs China Purchasing

Center in Shenzhen. The center has run for over 10 years in China as IBMs largest

purchasing unit outside the States. Having connections with over 3000 Asian suppliers,

the center registers a purchasing volume about 30% of IBMs total annual expenditure of

40 billion USD

About Shenzhen

The most extreme example of China's transformation from a Communist to a Socialist-market

economy. Shenzhen was among the first Special Economic Zones in China and has enjoyed

the fastest economic growth during the last 25 years of change. At times GDP growth has

surpassed 40% annually, and what was a tiny fishing village on the border of Hong Kong in1970 is now a buzzing metropolis of over 4 million people with the highest average income in

China.

Shenzhen (shn`jn`), city (1994 est. pop. 695,600), S Guangdong prov., China, on the

South China Sea, N of Hong Kong. Designated a special economic zone in 1979, the city's

spectacular economic growth led China to create over a dozen more similar areas. Benefiting

from its strategic position next to Hong Kong, the city had (1992) the largest per capita income

of any in China. Its manufactures include electronics, chemicals, processed foods, textiles,

construction materials, and pharmaceuticals. Ports at Yantian, in E Shenzhen, and at Shekou

and Chiwan, in W Shenzhen, serve the special economic zone. A major airport is located

there and a superhighway connecting Shenzhen with Guangzhou was completed in 1994.

Shenzhen Bao'an International Airport orHuangtian Airport (IATA:SZX, ICAO:ZGSZ) is

located in Huangtian Village, Bao'an District, Shenzhen,Guangdong, thePeople's Republic of

China. It is 32km from the city centre (CBD) at Luohu District.

It was opened on October 12, 1991, at 11349'E and 2236'N. It occupies an area of 10.8km.

Its runway is 3400m long, and 45m wide, and it has 53 parking spaces on its apron.

As of 2003, there are 148 domestic destinations and 11 international destinations. It handled

10 842 800 passengers, and 406 600 tonnes of cargo. It also has ferry routes to Hong Kong

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International Airport, where passengers can transit without going through immigration and

custom checks, like transit between two flights.

Shenzhen Airlines is a domestic budget airline based in Shenzhen Bao'an International

Airport,Shenzhen,Guangdong, People's Republic of China.

History

The airline was established in October1992 and started operations on 13 September1993. It

was formed by theCAACand Shenzhen government, with financial participation byAir China,

Overseas Chinese City Economic Development Corporation, Bank of China and Shenzen

South Tongfa Industrial Corporation. It is one of the most profitable airlines in China. It is

currently owned by Guangdong Development Bank (65%), CNAC (Air China) (25%) and

Shenzen Investment Management (10%).

In2004 it founded, with German partners Lufthansa Cargo and DEG, the international cargo

airline Jade Cargo International which will start operations in September 2005. Shenzhen

Airlines owns a 51% stake in the cargo airline.

On 10 June 2005Boeing handed over the firstBoeing 737-900 to Shenzen Airlines in Seattle.

It was the first of five to be delivered during 2005 for operation on domestic and regional

routes. Shenzen is the first Chinese airline to order the Boeing 737-900 and this is the airline's

first direct delivery from Boeing (ref: Air International, July 2005).

Services

Shenzen Airlines operates the following services (at January 2005):

Domestic scheduled destinations:Beihai,Beijing

International scheduled destinations: Kuala Lumpur,Seoul.

Shenzhen develops Asia's largest animation industry

Employees of animation companies dressed up as cartoon figures

celebrate the opening of the Shenzhen Yijing National Cartoon and

Animation Industry Base in Shenzhen, south China's Guangdong Province,

May 19, 2006. The Yijing National Cartoon and Animation Industry Base

was opened here on May 19 as part of the Second China (Shenzhen)

International Cultural Industry Fair (ICIF) running from May 18 to 21. The

animation industry of Shenzhen is developing rapidly during the recent

years. At present, the output of the animation of Shenzhen ranks number

one in Asia and fourth in the world.

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