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Sciences, a vaccine producer in Changchun, Jilin province, faked production records and used expired material for the production of rabies vaccines over the past four years.
The company was ordered to suspend production, and senior executives
were detained and face criminal charges. The company was ordered to pay fines of 9.1 bi
llion yuan ($1.3 billion) for violations, one of the heaviest fines imposed on a pharmaceutical company over the past few years.
Following the revelations, top officials vowed harsh penalties and reform of the vaccine super
vision system to eliminate loopholes. A new law on the management of vaccines was drafted for review.
Fang Laiying, former head of the Beijing Municipal Health Commission, said he has faith in the overall safety of drugs in Chi
na, but individual cases involving violations of the law can tarnish the image of the whole pharmaceutical sector.
“The government is intensifying its efforts in cases involving violations of drug safety laws, including severely puni
shing criminals and setting up strict accountability systems to improve supervision of the sector,” he said.
Gao, the CDC head, said major infectious diseases such as dengue fever and AIDS will continue to be the priority in disease prevention and control this year.
Chinese stocks market surged on Monday with benchmark indices in Shanghai and Shenzhen jumping over 5 percent, mak
ing daily turnover break through 1.04 trillion yuan ($155.5 billion), a new record since 2015. The Barron’s, a fin
ancial weekly published by Dow Jones & Company, said the performance of Chinese stocks is much better than the S&
P 500. Global investment management corporation BlackRock also suggested lasting gains of the bull market.
Barron’s said the CSI 300 index, which tracks the largest stocks traded in the Shanghai and Shenzhen
stock exchanges, rose 6 percent on Monday, with a year-to-date gain of nearly 24 percent, twice the gai
n in the S&P 500, making the CSI 300 index one of the best performing indices globally in 2019.
The ongoing finance sector reforms and further industry open-up could also help boost the Chinese economy and the stock market, the Barron’s report said.
China’s financial system has great potential in helping stabilize the economy, a previous China Daily report said, adding that the co
untry will deepen supply-side structural reform in the financial sector and strengthen the sector’s ability to serve the real economy.
China and the United States are expected to come to an agreement soon over trade frictions, analysts said, as the negotiating teams a
re reported to be discussing the wording of an accord and considering applying the brakes to their tariff standoff.
They made the prediction after Chinese and US officials said there had been concrete p
rogress on multiple issues in the latest round of trade talks in Washington.
During the latest talks, held from Thursday to Sunday in Washington, the seventh round since February of last year, th
e two sides focused on the text of an agreement, the Chinese delegation said, according to a Xinhua News Agency report.
The negotiators also had made substantial progress on such specific issues as technology transfers, protection of i
ntellectual property rights, nontariff barriers, the service industry, agriculture and exchange rates, the delegation said.
On the basis of the latest progress, the two sides are expected to continue their work
into the next stage, in accordance with the instructions of the two countries’ top leaders, according to Xinhua.
said Van Jackson, a former Defense Department official in the Obama administration.
”Historically, there have been many — I know of half a dozen instances myself personally — where senior North Korean officials were brought around and shown what capi
talist industrialism looks like. They were shown what the stock market floor looks like on the New York Stock Exchange, or they were brought out to so
me tech lab in Silicon Valley,” said Jackson, author of “On the Brink: Trump, Kim, and the Threat of Nuclear War.”
”We’ve shown them what capitalism looks like … the idea that they will see something in Vietn
am physically that triggers something different than what we’ve shown them before is kind of non
sense.”There’s something for both Washington and Pyongyang to like when studying the US-Vietnam relationship.
For North Korea, it’s an example of a single-party communist country that reformed its economy without democr
atizing. For the United States, it’s an example of how to redefine a relationship and make a buck at the same time.
In 1995 — the year Hanoi and Washington normalized relations — US exports to and imports from Vietnam were
worth just $252 million and $199 million respectively. However in the first 11 months of 2018, the US exported more th
an $8 billion worth of goods to Vietnam and imported goods worth $45 billion, according to US Census figures.
need money.”Lankov is one of the few foreigners ever to study at Kim Il Sung University, the country’s most pr
estigious institution of higher learning. Today he runs the Korea Risk Group consultancy, teaches at Kookmin Uni
versity in Seoul and is considered one of the world’s experts on the inner workings of North Korea.
He says Kim and his top advisers are cold, realistic and brutally rational. They believe that nuclear weapons are the key to their survival given the fate of Moa
mmar Gaddafi, Saddam Hussein and Ukraine as well as Trump’s decision to ditch the Iran nuclear deal.
”For the North Koreans, security comes first. And they believe that their security is imperfect if they don’t have some
nuclear weapons. A reduction of nuclear weapons can be negotiated, but denuclearization is a pipe dream,” Lankov said.
Jackson, the former Defense Department official, is also unconvinced that Kim Jong Un is the reformer many hoped he would be.
Though Kim is a millennial leader educated in the West, he has n
ow been in power for seven years — during which time he’s overseen more missile and nu
clear tests than his father and grandfather combined, without “meaningful signs” of economic change.
”What is different now than the previous 30 years that makes that control-versus-opening tradeoff worthwhile?” Jackson said.
A residential building located at Xihu district in Nanchang, Jiangxi province, collapsed on Sunday morning, trapping people under the rubble, according to CCTV.
By 11:00 am, three people, including two adults and one child, were successfully pulled out by the fire department. They suffered minor injuries.
The second and third floor of the three-story building, which is
made of wood and bricks, collapsed. The accident trapped three households.
The search-and-rescue operation is underway.
BEIJING – China will further enhance physical activities in primary and sec
ondary schools and promote students’ interests, said the Ministry of Education Friday.
Provincial-level regions in China have clearly included physics as
a subject scored in senior high school entrance exam, according to the ministry.
Details to evaluate the subject of physics are based on local conditions, it
said, adding swimming is used to assess the score in certain regions.
In 2016, the ministry released a guideline aiming to establish a senior high school ent
rance exam system based on both academic performance and comprehensive quality
Council, was critical of Trump at a rally Saturday.
”The US has long been dealt blows by our country and our region and thus regularly bares its warmongering teeth,” Shamkhani said, according to state-run Press TV.
”And when a missile is tested thousands of kilometers away, after (issuing empty) threats, all their preside
nt does is put out a tweet,” he said in an apparent reference to North Korea’s missile tests.
Iran Hostage Crisis Fast Facts
Shamkhani said the United States is rethinking the election of Trump.
”American politicians and people are having second thoughts about their choice of presi
dent and acknowledge that the US has been defeated in materializing its foreign policy,” Shamkhani said.
Iran’s Supreme Leader, Ayatollah Ali Khamenei, said this week that Iran must resist the United States.
”Giving in to the US will make it impudent; the only way is to resist,” Khamenei said.