1. Total of 21 drug sellers cannot operate in Beijing for two years for commercial bribery
Nov. 26, the Beijing Municipal Health Bureau publishes a name list of companies involved in commercial bribery cases. A total of 21 drug sellers are on the list. They cannot operate in Beijing for two years. A detailed list is given. [www.xinhuanet.com, 2007.11.27]
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2. EU irked over China piracy
Europe is growing increasingly frustrated at the lack of progress China is making in the protection of intellectual property, EU Trade Commissioner Peter Mandelson said. Speaking at an China-EU IPR seminar, Mandelson said Europe's patient approach is being tested by China's failure to deliver concrete results on IPR protection, and he hinted that Europe could take WTO action against China if the situation persists. "I urge the Chinese government to ensure a proper balance is restored. Europe has so far held back from testing China's practice on intellectual property protection in the WTO - preferring to prioritize dialogue and cooperation instead," Mandelson said. "But the sincerity of our approach, I must say, is being tested and I regret it is hard to see how much longer our patience can last if treatment is not improved," he warned. Ministry of Commerce Vice Minister Yu Guangzhou earlier acknowledged that China faces "issues" on the IPR front, but he said the government will take "concrete and positive" steps to tackle these issues. "The government has no intention of avoiding these issues," Yu said. He added that IPR issues will improve as China develops socially and economically. Yu also said China and Europe should tackle any problems through mutual understanding and cooperation, adding that both sides should take a long-term, strategic vision rather than rushing the process or backing away from difficulties. [www.sina.com.cn, 2007.11.27]
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3. Zhu Congjiu: China is researching allowing multinationals to conduct IPOs on Shanghai Stock Exchange
Nov. 26, Shanghai Stock Exchange General Manager Zhu Congjiu says during an interview that China is researching allowing multinationals to conduct IPOs for the Shanghai Stock Exchange. Gazprom intends to apply to list on the Shanghai Stock Exchange in order to increase its market capitalization. Siemens and HSBC are mentioned. [www.sina.com.cn, 2007.11.27]
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4. Sanofi-Aventis invests in China vaccine plant
Sanofi-Aventis Group will spend RMB700m to build a new flu vaccines plant in Shenzhen, the largest biopharmaceutical investment ever by a foreign drug maker in China. [www.sina.com.cn, 2007.11.27]
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5. Central SMEs failed to be excellent corporate citizens
The Third China Corporate Citizen Forum is held in Beijing. Fifty companies, including Intel, are named "China Excellent Corporate Citizens." China National Machinery Industry Corp. is the only state-owned enterprise to get this honor. [www.sina.com.cn, 2007.11.27]
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6. Luo Bingsheng: China should set up iron ore reserves
China's steel industry is lobbying the country's central government to establish a national iron ore reserve to secure supplies of the raw material, a senior industry official said on Monday (Nov. 27). "We have suggested the government sets up the reserve," Luo Bingsheng, vice president of the China Iron and Steel Association, told reporters on the sidelines of an industry conference held in Beijing. He did not elaborate. Luo also said China would boost investments in overseas mining projects to break through a monopoly of foreign companies in the sector. [www.sina.com.cn, 2007.11.27]
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7. China releases detailed rules to enforce low-rent housing system
The Ministry of Construction joins hands with eight other ministries to issue a regulation to enforce the low-rent housing system. Detailed rules pertaining to the development of a low-rent housing system will be put into effect on Dec. 1. The rules have made it clear that funds earmarked for the system will come from five channels. [www.qianlong.com, 2007.11.27]
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8. NDRC issues circular about connection from coal production to coal transportation till coal demand
Nov. 26, the National Development and Reform Commission (NDRC) issues a circular about the connection from coal production to coal transportation till coal demand in 2008. The total coal transportation amount through railways is about 785m tons. [www.people.com.cn, 2007.11.27]
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9. Wu Yi said food safety is a shared problem and the responsibility of all countries
Nov. 26, Vice-Premier Wu Yi called for closer international cooperation on food safety by establishing a notification system. Speaking at the High-Level International Food Safety Forum in Beijing, Wu said food safety is a shared problem and responsibility of all countries. Li Changjiang, the top quality control official, said the environmental protection of food producing areas should focus on the control of pesticide and veterinary drug residue to prevent contamination. "We still face problems such as a large number of small-scale food processing plants and inadequate government supervision," said Li, head of the General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ). Wu said she hopes that developed countries provide more help to developing countries to raise their standards, improve food production technology and strengthen supervision. The vice-premier also stressed that international food safety issues should be settled through consultation. "We disagree with biased, incomplete media reports and pure condemnation that are blind to the facts; and we are opposed to trade barriers set for food safety issues and politicizing the issues," Wu said. [www.jrj.com.cn, 2007.11.27]
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10. Wuhan will become a model district for resource conservation and environmental care
Nov. 24, the "Fifth China Reform Forum" is held in Wuhan, Hubei province. Long Zhengcai, director of Wuhan Development and Reform Commission, delivers a speech at the forum. Wuhan will become a model district for resource conservation and environmental care in five to 10 years. [www.eastday.com, 2007.11.27]
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11. Military enterprises to be listed on stock market
Nov. 15, the Commission Of Science Technology and Industry for National Defense issues interim rules on military enterprise shareholding reform, allowing State-owned listed companies and qualified foreign investors to acquire or merge the once secretive military firms. The commission will oversee all the acquisitions and mergers (M&As) and compile guidelines and make necessary changes. The rules will change the landscape as most weapon manufacturers had been state fed and thus seriously restrained in their development. The latest release encourages weapon makers to blend more with the civilian market by allowing them to raise money from the public. [www.cctv.com.cn, 2007.11.27]
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