Xinhua PR Newswire (XPRN), the newly formed venture between Xinhua Financial Network (XFN) and PR Newswire, today announced a new partnership with the Jinan Economic Commission to bring its new global outbound distribution service to the thousands of private enterprises headquartered in Jinan, the capital of China's Shandong Province.

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The Jinan Economic Commission is the agency responsible for the development of business in Jinan. By partnering with the Jinan Economic Commission, Xinhua PR Newswire will be able to market to, and educate, the companies in Jinan about its new global corporate announcement distribution service. The service will be of significant benefit to the many private companies in industries such as electronic information, transportation, household appliances, machinery and biomedicine that are headquartered in Jinan.

Jinan city, with a population of with a population of 5.69 million, is the capital of Shandong province, a developed economic province in eastern China. In the years of 1999, 2000 and 2001, its GDP reached RMB88.1 billion, RMB95.2 billion and RMB106.6 billion respectively, and rose 12% year-on-year in 2001. Foreign investment actually used amounted to US$299 million, US$320 million and US$425 million respectively, and rose 33.2% year-on-year in 2001.

Mr. John M. Williams, executive vice president of global markets at PR Newswire said, "The ability to work with the Jinan Economic Commission and the other partners of Xinhua PR Newswire such as the Shanghai Securities News and China Global Public Relations, is what will make this venture an enormous success by providing Chinese companies with the necessary knowledge and understanding, in addition to the actual mechanism, to take advantage of the country's recent historical changes."

Mr. Wei Zhihai, the Vice-Director of the Jinan Economic Commission said, "The cooperation between Jinan Economic Commission, PR Newswire and XFN is an important innovation for traditional information transmission. It will help Jinan's enterprises to enter the international market and for more international investors to understand Jinan and Chinese enterprises. Both the Jinan Economic Commission and I will help investors to develop business in Jinan."

Ms Fredy Bush, CEO of XFN said, "We are going to inform the world about the great vitality and enormous opportunities in this emerging region, where there is a good mixture of varying industries and foreign investment."

Notes to Editors

About Xinhua PR Newswire Xinhua PR Newswire is a venture created by Xinhua Financial Network and PR Newswire. Xinhua PR Newswire assists Chinese companies, public and private, in writing and distributing financial news releases to the media, financial community and general public around the world. Xinhua PR Newswire is the result of a blending of complementary expertise, relationships and experience to enable Chinese companies seeking foreign investments, to deliver their news to decision makers, individual and institutional investors, and journalists worldwide.

About Jinan Economic Commission

The Jinan Economic Commission is a city government department mainly in charge of industrial communications and the coordination of economic operations. Playing an important role in production deployment in Jinan, the Jinan Economic Commission is responsible for formulating economic laws and regulations for industrial and communication sectors, regulating production and distribution, enhancing corporate information, monitoring and supervising the reforms and management of enterprises, foreign economic trade and technology, structural adjustment of products and enterprises, save on resources and multipurpose use and educational training for the staff and administration officers of the Industrial Communications Department.

SOURCE: Xinhua PR Newswire