Siemens AG has signed a contract with a Chinese construction firm to build the second phase of a plant in Pudong, Liberation Daily said: the second phase, due for completion in August 1995, will provide annual output of 300,000 second-generation portable telephones, 500 cordless stations and related equipment, with an annual output value of 1.6 billion yuan, whatever that may be – no, we don’t do those kinds of things to you, it’s equivalent to about $185m; the plant occupies an area of 495,000 square feet in the Jinqiao development zone and involves an investment of $50m; the first phase is due for completion at the end of the month.