XINHUA PR NEWSWIRE LOGO Logo for Xinhua PR Newswire, new venture created between PR Newswire and Xinhua Financial Network that will help public and private Chinese companies attract foreign investments by creating a vehicle for the flow of corporate financial information directly to Western media and financial centers. (PRNewsFoto)[JL] BEIJING, LONDON AND NEW YORK CHN, GBR AND USA

    JINAN, China, BEIJING, HONG KONG and NEW YORK, Jan. 27 /PRNewswire-
FirstCall/ -- 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.
    (Logo: http://www.newscom.com/cgi-bin/prnh/20021125/NYM130LOGO-b )
    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.

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