1. SFDA: criminals making or selling fake drugs can be sentenced death
Nov. 28, China's State Food and Drug Administration (SFDA), publishes a draft regulation about cases of making and selling fake drugs. Criminals making or selling fake drugs can be sentenced to death. SFDA is collecting suggestions and opinions on this draft regulation. [www.sina.com.cn, 2007.11.29]
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2. China National Automobile Industry Corp. is finished; the number of central SOEs down to 153
Nov. 28, China's State Assets Supervision and Administration Commission (SASAC) issues an announcement saying the China National Automobile Industry Corp. has been disbanded. Now, 153 state-owned enterprises are supervised by SASAC. [www.sina.com.cn, 2007.11.29]
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3. Parkway Group Healthcare plans to open a hospital in Chengdu
Nov. 28, Ge Honglin, mayor of Chengdu, Sichuan province, meets Lin Zhuobin [pinyin], deputy director of Singapore-based Parkway Group Healthcare. Lin says Parkway Group Healthcare plans to open an international hospital in Chengdu. [www.sina.com.cn, 2007.11.29]
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4. China allocates RMB47b more to rural education fund
China's Ministry of Finance (MOF) said Wednesday (Nov. 28) it will allocate a further RMB47b to support rural education in the next three years until 2009. The new funds would be used to ensure the implementation of compulsory education in rural areas, a MOF official said. The total amount now devoted to rural education has reached RMB265.2b for the period between 2006 to 2010, up from RMB218.2b. Students from low-income families in the central and western regions started receiving subsidies from the this autumn semester. Primary students receive RMB2 a day and secondary students RMB3 a day on the basis of 250 schooling days, according to a notice jointly published by the MOF and Ministry of Education. [www.qianlong.com, 2007.11.29]
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5. US Department of Commerce (DOC) imposes preliminary duties on light-walled rectangular pipe from China
Nov. 28, the US Department of Commerce (DOC) announces it has imposed preliminary duties on light-walled rectangular pipe from China. [www.jrj.com.cn, 2007.11.29]
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6. Premier Wen : China aims at overall trade balance
China is not intentionally pursuing a trade surplus, but is aiming for an overall balance of trade, Chinese Premier Wen Jiabao on Wednesday (Nov. 28) told a China-EU Business Summit. "We have, and will continue to, put in place measures aimed at expanding imports and promoting a more balanced bilateral trade," Wen said. "The European Union (EU)'s exports to China have grown at an annual rate of more than 20% for two consecutive years," Wen said, "much higher than the 15% rate of the EU's general export growth." [www.jrj.com.cn, 2007.11.29]
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7. International buyers favor mid- and high-end footwear made in China
Sales of low-end China-made shoes have been influenced by the reports about China-made toys and China-made food. International buyers plan to buy more mid- and high-end footwear made in China, but this kind of product is short in supply. Massimo Donda, president of Federcalzature, a 120-year-old Italian footwear retailers' association, says some Italian retailers have sent their orders for low-end shoes to other regions in Southeast Asia. [www.jrj.com.cn, 2007.11.29]
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8. Four kinds of problems exist in shopping malls and supermarkets in Beijing
China's Ministry of Commerce issued an urgent circular banning time-limited sales promotions in shops following a deadly stampede at a Carrefour outlet. Nov. 12, Beijing municipal government launched a check of big chain stores and supermarkets in Beijing. Four kinds of problems exist in most stores in Beijing. Some exit gates and evacuation routes are blocked or too narrow. Emergency exit signs, evacuation signs and caution signs are too few. Emergency lights are also insufficient. There are promotional activities for basic necessities, like grain, oil, salt, meat and eggs. These four problems should be corrected at once. [www.jrj.com.cn, 2007.11.29]
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9. Danone and Wahaha might stop their war in court
French president Nicolas Sarkozy said he hopes to see moves towards an amicable settlement in disputes involving Groupe Danone and Chinese companies. "I hope there will be concrete progress in the pursuit of an amicable solution, with the support of the two countries," he said, indicating that had raised raised the matter with his Chinese counterpart Hu Jintao. Food manufacturer Danone filed a lawsuit in June against its Chinese partner Wahaha for breaching their agreement by selling Wahaha-branded beverages without its permission. [www.eefoo.com, 2007.11.29]
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10. Affordable housing system will be regulated with limited property right
Affordable housing is one of the main goals of the government's policy of building a housing security system. The management measures of affordable houses is being amended now. An affordable housing system will be regulated with limited property rights. [www.eastday.com, 2007.11.29]
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11. Foreign firms to pay land-use tax starting Jan. 1, 2007
Foreign developers and corporations will start to pay a land-use tax starting from Jan. 1, 2007, according to a notice issued by the State Administration of Taxation yesterday (Nov. 28). The land-use tax will range between RMB1.5 to RMB30 per sq m, per year depending on the size and location of the property, the notice said. Foreign companies are exempted from the tax before the notice takes effect. [www.eastday.com, 2007.11.29]
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12. Spanish company to invest 10m euros in Hunan province to develop solar power industry
Nov. 28, Spanish system integrator, SOLARIG, signs a cooperation agreement with China Electronics Technology Group Corp. No. 48 Research Institute in Changsha, Hunan province. SOLARIG promises to invest 10m in Hunan to develop the solar power industry. [www.cctv.com.cn, 2007.11.29]
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