"PHOENIX" BICYCLES HIT HISTORIC HIGH OF 720,000 IN EXPORTS

AsiaInfo Services, July, 1996

AsiaInfo Services 07-09-1996 "Phoenix" Bicycles Hit Historic High of 720,000 in Exports SHANGHAI, July 9, AsiaInfo Services, Inc -- Exports of the China-made "Phoenix" bicycle hit a historic high of 720,000 during the first half of this year, up 32 percent from the same period last year.

The Shanghai Phoenix Bicycle Co Ltd took in US$ 30.1 million from the exports. Phoenix bicycles are sold in Europe, the United States, Africa and countries in Southeast Asia. Copyright 1996 AsiaInfo Services (via Comtex). All rights reserved

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