ChinaB2B.com Forms Partnership With Units of Key Chinese Ministries to Develop Global E-commerce Portal for Trade Between China and the World.Business Editors/Hi-Tech Writers BETHESDA, Md. and BEIJING--(BUSINESS WIRE)--April 26, 2000 ChinaB2B.com, Inc., has formed a partnership with units of the Ministry of Information Industry (MII 1. (body) MII - A consortium of Microsoft, IBM, and Intel. 2. (storage) MII - A broadcast component video tape format licensed by Panasonic. ) and the Ministry of Foreign Trade and Economic Cooperation (MOFTEC MOFTEC Ministry of Foreign Trade and Economic Cooperation (China) ), MCOM MCom Master of Commerce (degree) MCOM Marketing Communications MCOM Mobile Commerce and Jinlutong respectively, to develop an e-commerce portal that will facilitate international trade between China and the world. Through these key partners, ChinaB2B.com is positioned to become the leading global provider of Internet-based business-to-business e-commerce services for trade between China and the world. ChinaB2B.com was formed in partnership with Jinlutong and MCOM as a result of the Chinese ministries' desire to develop a standard Internet-based trading platform to facilitate and expand trade between China and other countries in connection with China's proposed entry into the World Trade Organization (WTO See World Trade Organization. ). In cooperation with its partners, the ChinaB2B.com trading platform ultimately will streamline the international trading process with China by providing a complete and comprehensive e-commerce solution. When the site launches in the summer of 2000, an advanced search mechanism will enable global businesses to source goods from members of ChinaB2B.com's extensive, proprietary database consisting of Chinese manufacturers that produce high quality products and that have proven international trading experience. ChinaB2B.com also plans to include a comprehensive offering of informational resources on trading policies and procedures Policies and Procedures are a set of documents that describe an organization's policies for operation and the procedures necessary to fulfill the policies. They are often initiated because of some external requirement, such as environmental compliance or other governmental with China as well as information on China's entry into the WTO. In addition, the ChinaB2B.com site ultimately will include access to a full suite of services required to complete an international trade transaction with China including shipping and logistics services, credit checking capabilities and credit insurance and banking services. ChinaB2B.com has offices in Bethesda, Maryland Bethesda is an urbanized, but unincorporated, area in southern Montgomery County, Maryland, just Northwest of Washington, D.C. It takes its name from a church located there, the Bethesda Presbyterian Church, built in 1820 and rebuilt in 1850, which in turn took its name from and Beijing, China. The company's management has over 50 years of combined experience in China as policy advisors and technical/management consultants to key government ministries in the information technology, trade, and science and technology sectors. Further information can be found at the web site, www.chinab2b.com. About Jinlutong Jinlutong is an independent commercial unit of MII's Electronic Information Center. Jinlutong is an Internet Services Provider (ISP (1) See in-system programmable. (2) (Internet Service Provider) An organization that provides access to the Internet. Connection to the user is provided via dial-up, ISDN, cable, DSL and T1/T3 lines. ) and offers Internet access See how to access the Internet. , systems integration, and software development. MII is responsible for the development and administration of polices and plans for China's information industry, including telecommunications, the Internet, and cable networks. About MCOM MCOM is an independent commercial unit of MOFTEC's Computing computing - computer Center. The Computing Center provides information and network services to MOFTEC and maintains various proprietary databases on Chinese enterprises, foreign joint ventures, manufacturers, retailers, and import/export companies. MOFTEC is responsible for the development of regulations for China's foreign commerce and trade, including those for e-commerce (in conjunction with MII), approval of foreign joint ventures, and administering China's major trading companies. |
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