In a major scandal last year, Changchun Changsheng Life

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.

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Premier financial magazine bullish on Chinese stocks market

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.

stgongchen.cn

Trade talks expected to finalize dealNG SHUIYU,ZHONG NA

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.

youhuileyuan.cn

The same tactic has also been used within the United State

  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.

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said it wanted to capture the on-court tantrum of Ms

  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.”

  Widely criticized

  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.”

www.sjhtjn.cn

national zoo holds housewarming event at giant panda house

  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.”

qiuLuhuang.cn

i said preventing and defusing financial risks, especially

  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.

www.qiancengdian.cn

So the fact that the to-and-fro is still in progress this far

down the line highlight that there is a shared desire to secure an accord that delivers on the rapport that has been established — also perhaps beyond both side’s expectations.

But it would be getting ahead of the situation to consider the final push tow

ard a consensus on principled, mutually beneficial cooperation all done and

dusted. That consensus, which President Xi identified as the objectiv

e of the talks when he met with the US negotiators after the previous round of neg

otiations in Beijing, has still not been completed, and probably will not be until the two leaders meet to agree on the final det

ails. But there is no doubt that both sides are aware of how momentous such a consensus would be, beyond the tangible rewards it would offer both cou

ntries. For if the two sides can iron out their core differences by abiding by the principles of mutual respect and m

utual benefit, it would reset their relationship in a way that would bode well for the future.

History in the past four decades shows that the two countries benefit in an all-around wa

y from harmonious trade and economic relations, as they provide the ballast for their relationship.

There is obviously still more work to be done. However, if neither side puts a foot wrong, a deal will finally be signed sooner or later.

aaart.org.cn

Boeing 767 cargo jetliner crashes near Houston airport

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.

www.headun.cn

Venezuelan troops defect at the border with Colombia

  Three members of the Venezuelan National Guard defected Saturday at Venezuela’s border with Colombia, the Colombian immigration department said.

  The troops abandoned their posts at the Simon Bolivar International Bridge on the Colom

bia-Venezuela border and requested help from Colombia’s immigration officials.

  Also Saturday, soldiers with Venezuela’s National Guard

fired tear gas and rubber bullets at protesters who were demanding to cross the border at Ur

eña into Colombia to work, according to a CNN crew that witnessed the scene at the Tienditas Bridge.

  Workers faced off with the soldiers, chanting, “We want to work!” before being disperse

d by the tear gas. Men with shirts covering their faces started throwing rocks toward the guard.

  US argues momentum for change in Venezuela is growing despite border violence

  These tense scenes played out Saturday, a day after violence broke out at a Venezuelan town near the border wit

h Brazil over aid delivery, leaving two people dead and 17 others injured, local authorities said.

  Tensions are running high at Venezuela’s borders amid opposition plans to usher aid into the country this weekend

in defiance of President Nicolas Maduro’s wishes. Maduro called on Venezuelans to “mobilize” Saturday. “Let’s

all take to the streets to defend our independence with conscience and joy,” Maduro said on his official Twitter account.

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