China Pacific Inc. makes announcement.HONG KONG--(BUSINESS WIRE)--July 23, 1996--China Pacific Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CHNAD) "Mr. Clement Mak, the chief executive officer, said that the new blast furnace blast furnace, structure used chiefly in smelting. The principle involved in this means of extracting metals is that of the reduction of the ores by the action of carbon monoxide, i.e., the removal of oxygen from the metal oxide in order to obtain the metal. is operating very smoothly and in fact ahead of schedule. "The production reaches 75 percent of production capacity i.e.450 metric ton/day in its first two weeks of operation, 15 percent ahead of schedule." The president of the People's Bank of China The People's Bank of China (PBC or PBOC) (Simplified Chinese: 中国人民银行; Traditional Chinese: , China's central bank, in this recent press conference commented that he expected a further drop in the interest rate in the second half of this year if the inflation continued its downward pattern. Mak said "this is another good news for the entire economy of China and would benefit our steel plant in Chengdu." For additional information, contact Connie Mo, China Pacific (Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. ), at 310/433-1882. CONTACT: China Pacific Inc., Los Angeles Connie Mo, 310/433-1882 |
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