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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.
Williams using satire, caricature, exaggeration and humor, and the
cartoon intended to depict her behavior as childish by showing her spitting a
pacifier out while she jumps up and down.”
The cartoon showed Williams with large, exaggerated lips and nose reminiscent of racist depictions of black people in the US during the Jim Crow era.
Williams’ opponent, Japan’s Naomi Osaka, is depicted as a skinny blonde woman, to whom the umpire is saying: “Can’t you just let her win?”
The Japanese-American Osaka is of mixed heritage, and has Japanese and Haitian roots.
”Specifically, concern was expressed that the cartoon depicted Ms Willia
ms with large lips, a broad flat nose, a wild afro-styled ponytail hairstyle different to th
at worn by Ms. Williams during the match, and positioned in an ape-like pose,” said a statement from the press council.
”It was also noted that the cartoon should be considered in the context of the histo
ry of caricatures based on race and historical racist depictions of African-Americans.”
’Repugnant’When it was first published, the US-based National Association of Black Journalists said the cartoon was “repugnant on many levels.”
WASHINGTON – The Smithsonian’s National Zoo in Washington DC held a housewarming
event inside the giant panda house on Saturday to celebrate the completion of a new visitor exhibit.
The celebration featured frozen treats for giant pandas and red pandas, as well as interactive games and activities for visitors.
The new exhibit, according to the zoo, teaches visitors about the ecology, history, reproduction, conservation and c
are of giant pandas and enables them to learn about these unique bears and their natural habitat.
It also chronicles “the advances that panda scientists in China and at the Smithsonian have made during the past four decades.”
”So much has changed for giant pandas, for the better, in the past decade,” Steven Monfort, the John and Adri
enne Mars Director of the Smithsonian’s National Zoo and Conservation Biology Institute, said in a statement.
”This updated exhibit is really inspiring because it shows how much of a difference we can
make with science and cooperation,” he said, noting that “Smithsonian and Chinese scientists have bee
n collaborating for decades, and visitors can see the results of our work as they walk through the panda house.”
systemic financial risks, are the fundamental tasks of financial work, calling for accelerated construction of the fina
ncial market infrastructure and advanced efforts to nationalize key information infrastructure in the sector.
He also urged solid statistics in the financial sector and improvement in the warning system and rules on information disclosure and management.
Education and supervision of senior officials of financial institutions and regulators sh
ould be enhanced, and more should be done to fight corruption in the financial sector, Xi said.
He called for dynamic supervision of domestic and cross-border capital flow to enable financial watchdogs to fully monitor all flows.
Xi said tasks for the reform and opening-up of the financial sector should be well implem
ented, calling for the preparation and the rolling-out of new reform and opening-up measures based on
the latest development of global economy and finance as well as the strategic needs of China.
Reforms including revamps on market access system and trading regulations should be deepened, and regulators should take a two-pronged appr
oach of enforcing both macro-prudential management and micromanagement of behaviors, he said.
He said those causing major financial risks due to their breaches such as lax regula
tion, cover-ups or decision-making failures must be held accountable and face serious punishment.
Efforts should be made to address the current situation where the costs of legal and
regulatory breaches in the financial sector, especially capital markets, are too low, Xi said.
Xi urged enhancing the global competitiveness of China’s financial sector, elevating the two-way opening-up to a highe
r level and beefing up capabilities of financial management and risk prevention and control amid greater opening-up.
NEW YORK — A Boeing 767 cargo jetliner with three people on board crashed into a bay near Housto
n’s George Bush International Airport on Saturday, said the US Federal Aviation Administration (FAA).
It is unlikely that anybody could have survived, said Brian Hawthorne, sheriff of the Chambers County of the US state of Texas.
Hawthorne told local newspaper Houston Chronicle that police have found human remains at the si
te of the crash and investigators have recovered parts of the plane, the largest at 50 feet (around 15 meters) long.
The twin-engine plane, operated by Atlas Air, was flying from Miami to Houston wh
en it crashed shortly before 12:45 pm local time (1845 GMT), said the FAA, add
ing that radar and radio contact was lost with the aircraft at around 30 miles (48 km) southeast of the airport.
The US National Transportation Safety Board will be in charge of the investigation, it said.
Meanwhile, Atlas Air said the flight was being operated for Amazon.
“Our main priority at this time is caring for those affected and we will ensure we do all
we can to support them now and in the days and weeks to come,” Atlas Air said in a statement.