2010年11月10日星期三

Britain is wide open

Britain isSuper typhoon confident of becoming a more attractive destination for Chinese investors, according to a business leader with British Prime Minister David Cameron's delegation to China.

Richard Lambert, director-general of the Confederation of British Industry (CBI), the country's top business organization, said Chinese businessmen and women do not yet understand how open Britain is.

"I think it's really a question of understanding and shared knowledge," Lambert told China Daily before departing for Beijing. "We're the most open economy in the world No country welcomes foreign investors more than the United Kingdom."

The CBI chief, whose organization has 200,000 members, said his country has "competitive advantages", particularly in financial and professional global satellite marketservices and creative industries.

"I'm sure the attractions of the UK will become greater to Chinese investors," he added.

Trade volume of goods between China and the UK was $35.75 billion form January to September this year, according to official figures. The total for 2009 was $39.1 billion.

Britain has invested $16.75 billion in China so far this year, the most for all 27 European Union (EU) member states. In comparison, investments from China in the UK have surpassed only $1 billion.

"We wish to build a good relationship with China," said Lambert when asked about Cameron's first visit to the country as prime minister. "The headline we're working under is heading overseas'Partners for Growth'."

Cameron is traveling with 50 British business and industrial leaders and four ministers: George Osborne, chancellor of the exchequer; business secretary Vince Cable; Chris Huhne, climate change and energy minister, and education secretary Michael Gove.

Lambert, who described the delegation as "strong", said China and Britain have already worked together on efforts to reduce carbon emissions and other projects and that "many British companies (already have) an excellent relationship with commercial partners in China".

Comparing the investment by China and India in the EU,mine rescue facilities Lambert said China invests heavily in Germany, while India is more focused on the UK.

Germany's strengths lie in manufacturing, while Britain is strong in services, he explained, adding: "China wishes clearly to build the quality and the strength of its services sector,you or me whether it's financial or professional services."

2010年11月9日星期二

GE makes

Multinational conglomerate General Electric (GE) said on Tuesday it will invest moreDimarts, Octubre 19, 2010 than $2 billion through 2012 in China to set up joint ventures with Chinese companies and expand its innovative capacity in the country.

More than $1.5 billion will be used to fund technology and financial services joint ventures with Chinese State-owned enterprises (SOEs), GE Chairman and Chief Executive Officer Jeff Immelt said. The rest of the investment will be used to enhance research and development (R&D) capabilities and establish customer-oriented innovation centers, which is expected toDeath toll rises create 1,000 new jobs.

"China is the world's fastest-growing market for aviation, energy, transportation, healthcare and financial services," Immelt said. He said the country is also one of the fastest-growing markets for GE and the company has a long-term commitment to the nation.

UnderSearch continues the $1.5-billion joint venture umbrella, the US-based company signed energy and railway agreements with four SOEs.

A 50-50 venture with Wuhan NARI Co Ltd, owned by the State Grid Corporation of China, will manufacture and market grid monitoring and diagnostics products.

Similarly, GE will carry out a joint acquisition with Shanghai Electric Power Co, also owned by State Grid, for a controlling stake in Shanghai Tianling Switchgear Co, a green power distribution equipmentOverseas investors see maker.

The company signed a framework agreement to form a 50-50 venture with the CSR (China South Locomotive and Rolling Stock Corporation) Chengdu Locomotive & Rolling Stock Works to develop propulsion system sets, sub-assemblies and parts for diesel locomotives. It also plans to enter a 50-50 joint venture with Beijing National Railway Research and Design Institute of Signal and Communication to supply railway and urban transit signaling systems.

These deals follow the company's partnership with Harbin Power Equipment Company for wind turbine production and marketing, and a diesel engine joint venture with CSR.

Immelt did not reveal the details of the financial joint ventures. "The joint ventures are in line with our strategy to build partnerships in China to support our business here and globally," he said. "And our customer innovation centers will add more than 1,000 new R&D, marketing and application engineers to work more closely with customers and partners to advance development and delivery of GE products and technology."

GE willFour found guilty
set up the centers in six Chinese cities to conduct R&D with clients. The first batch of candidate cities are Shenyang, Chengdu and Xi'an - all traditional industrial bases in China - and construction is expected to begin next year.

The facilities will better service the western, northern, central and southern areas of the country as well as combine current R&D facilities in Shanghai, Beijing and Wuxi to cover areas including rural healthcare, renewable and clean energy, smart grids, energy-efficient lighting, rail and aviation.

ease drought

Central China's Hunan Province Tuesday started releasing more water from upstream reservoirs to boost near record low water levels in the mid and lower reaches of a majorI'd really like local river.

Sustained drought had decreased water levels in the Xiangjiang River in Changsha City to 25.08 meters at 8 a.m. Tuesday, slightly higher than the record low of 24.8 meters last November.

Some parts of the riverbed were dry and barren, and boats were grounded and drinkingDanish, U.S. researchers water safety was jeopardized, said the provincial flood control and drought relief headquarters.

The Xiangjiang River basin has only received 28 mm of rainfall since October, 69 percent less than normal years, it said in a statement.

The headquarters has ordered the Dongjiang Reservoir inthe winner takes it all the upper reaches of the Xiangjiang River to release no less than 150 cubic meters of water per second and Zhuzhou Reservoir to release 480 cubic meters per second as of 8 a.m. Tuesday.

Without the action, the river water level in Changsha would fall to 24.1 meters within a week, it said.

Thatrare child disease would then result in disruptions in tap water supplies to the provincial capital, which has a population of more than 6 million, as the level was lower than the water intake points of some water plants, it stated.

Authorities in Changsha are also building emergency water intake points further into the middle of the rivermuseum opens in Yunnanto ensure water supplies as no substantial rain is forecast in the near future.

2010年11月8日星期一

Spanish bank Caja

The European Commission on Monday approved Spanish aid for the restructuring of CajaSur, a saving bank,China to beef up school and the sale of its banking activities.

"The commission is satisfied that the restructuring of CajaSur and the sale of its banking business in an open and competitive tender ensures the viability of the banking activity and limits The endless ideologicalthe distortions of competition," said Joaquin Almunia, commission vice president in charge of competition policy.

CajaSurSouth Korean 'kimchi crisis' provided retail banking services in the region of Andalucia, in southern Spain. It came into financial difficulties in particular due to its significant exposure to developers and other real estate-related transactions, prompting the Bank of Spain to give a capital injection of 800 million euros (1,113 million U.S. dollars) and a liquidity line of 1,500 million euros (2,088 million U.S. dollars) to bail out the bank.

In July BBK SA, another Spanish saving bank, agreed to buy the banking business of CajaSur after an open and competitivegrow five-fold by 2020 tender.

The commission decision found that the liquidation of CajaSur and the sale of its bankingdisaster reduction business in an open and competitive tender ensured that the sold business became viable without continued state support.

tackle superbug

At this year's fair, the state and Shanghai science authorities have focused on innovation in biotechnology and the adoption and promotion of technologies showcased atCNOOC tests US the Shanghai World Expo.

"The industry fair highlights new drugs and new medical equipment, illustrating the development of Shanghai's biotechnology sector," said Zheng Zhongmin, an official from Shanghai Science and Technology Commission.

"We selected 18 new drugs and many examples of cutting-edge medical equipment."

Innovations on show include a new WiFi portable intravenous infusion device which allows patients to move freely, but sets off an alarm in dangerous circumstances.

Also on display is a WiFi capsule which is swallowed and then conducts checks on a patient's gastric and intestinal system.

All these technologies are world firsts, and are scheduled to be introduced soon into clinical use.

85% of civil servantsThe new antibiotic is expected to be available on the market next year.

Kelimeisu has similar effects to azithromycin, one of the most widely-used antibiotic on bacterial infection on the respiratory and urinary system.

"Clinical tests at hospitals found the new antibiotic has better effect than azithromycin," Hao said.

NDM-1 was detected in two newborn babies in Ningxia Hui Autonomous Region and an elderly man from Fujian Province in October.

The superbug was discoveredtoxic sludge spill in 2008 in a Swedish patient who had been hospitalized in New Delhi. Deaths were reported in Japan, Belgium and Britain.

Chinese scientists have completed research and development for a new antibiotic which they hope will tackle a superbug that has recently appeared in China.

The developer has applied for a license from the State Food and Drug Administration for the drug, named "Kelimeisu," which was created using genetic engineering technology.

Scientists hope drug-resistant superbug NDM-1, an enzyme called New Delhi metallo-beta-lactamase, will not be resistant to the new antibiotic.

Hao Yuyou from the East China University of Science and Technology, a scientist on the project, said yesterday that the team had approached health facilities to obtain samples of NDM-1.Rescue to start

"The strain is difficult to get hold of, but it would provide a meaningful study of the new antibiotic's effects on the superbug," Hao said.

The product, which is taken as a pill, will be manufactured in Shanghai, local science$1.1 billion bid: Report officials said at a preview of the China International Industry Fair, which opens at Shanghai New International Expo Center in the Pudong New Area today.

2010年11月7日星期日

APEC meets in Japan

Officials from 21 Pacific Rim economies, including China, the United States and Japan, began meetings yesterday thatRussia unparalleled could move the region toward a bold goal - creating a Pacific-wide free trade zone.

The Asia-Pacific Economic Cooperation (APEC) meetings this week in Yokohama, Japan will end next Sunday with a summit bringing together Chinese President Hu Jintao, US President Barack Obama, Japanese Prime Minister Naoto Kan and 18 other leaders.

But the APEC meetings are being heldupgrade security facility against a backdrop of tension over currencies and territorial disputes that could undermine the summit's harmony.

Finance ministers from the Asia-Pacific region agreed on Saturday at a separate meeting in Kyoto to avoid using their currencies as trade weapons and embrace steps to shrink global trade gaps.

Promotinghair straightener free trade and regional integration will be the primary focus of this week's meetings.

According to a draft of APEC's final communique, the leaders will agree to take "concrete steps toward °?realization of Free Trade Area of the Asia-Pacific" encompassing all 21 members around the Pacific.

The draft sets no time-frame for achieving such a Pacific-wide area. But as a building block toward that goal itinflationary pressures points to the Trans-Pacific Partnership (TPP), a free trade agreement that the US and four other nations - Australia, Malaysia, Vietnam and Peru - are negotiating to join. It currently consists of four economies: Brunei, Chile, New Zealand and Singapore.

Japan, worried that it is falling behind regional rival South Korea in forging free trade deals, is intensely debating whether to join the TPP talks. Business leaders have urged Tokyo to do so, but farmers fiercely oppose the move out of fear that a flood of cheap agricultural imports would wipe them out.

In a policy paper released over the weekend, the Japanese government signaled a greater openness to free trade deals than under previous administrations, which had strong ties to the farming lobby.

Tokyo said in the paper it was redoubling its efforts on free trade pacts, aiming to restart suspended trade talks with South Korea, seeking new trade deals with other nations, and pledging to do more to open up its economy - all ?to boost its sagging economic prospects.

This year's APEC meetings will be surmount mudslide disaster overshadowed some by the Group of 20 summit in Seoul, South Korea, on Thursday and Friday. That meeting, which brings together rich and emerging economies, is set to tackle global imbalances and sustaining fragile global growth. Around half of the G20 leaders will also attend the APEC summit.

During the week, developed members including the US, Japan, Canada, Australia and New Zealand will be measured in their progress toward achieving free and open trade and investment by 2010 as set by APEC leaders in Bogor, Indonesia, in 1994.

Under the Bogor Goals, developing economies had until 2020 to meet that goal, but eight other members, including South Korea and China, have asked that they be evaluated as well.

2010年10月22日星期五

possible rosiglitazone risks

The SDFA's announcement followed a similar decision by the U.S. Food and Drug Administration in July to restrict the use of rosiglitazone to patients with Type-2 diabetes who cannot treat their diabetes on other medications.

European Union drug regulators last month proposed suspension of the drug from its market.

The SDFA advised patients to complete cardiovascular tests before they decide to continue rosiglitazone use and urged doctors to inform diabetics of possible side effects before prescription.

Some reports had indicated that rosiglitazone was linked to an increased risk of heart diseases, including heart attack or failure, and even deaths, but other reports had not reached the same conclusions, said the SDFA statement.

China's top drug regulator Saturday warned diabetics of the possible dangers of using rosiglitazone, an anti-diabetes drug, as overseas tests showed it increased cardiovascular risks.

The State Food and Drug Administration (SDFA) said in a statement that diabetics aged 65 and over and those yet to use the drug should only take rosiglitazone-containing medicines if they cannot control their diabetes with other medications and if they are free of cardiovascular risks.

The SDFA decision will affect 12 Chinese producers of rosiglitazone, developed by GlaxoSmithKline (GSK), which was introduced to the Chinese market in 2000 and is available in more than 110 countries. starte ouexz lvwvoe lovew
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