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AmCham-China Wire: February 26, 2009 03 September 2010
| 26 FEBRUARY 2009 | A service of AmCham-China and  |
| SELECTED CHINA MEDIA REPORTS | View Archives |
| 1. Partial non-performing loans of SMEs to be reduced and exempted 2. The Office of Land Supervision conducts investigation to ensure land supply for projects; local governments play "transfer trick" 3. Food Safety Law persists in principle of priority of civil compensation and promises stricter supervision of health food 4. Follow-up medical treatment compensation plan for Sanlu milk scandal unveiled 5. CNPC to set up a refinery in Guangdong with an annual refining capacity of 20m tons of heavy oil 6. Revised medical and health care reform will cancel designated medicine production 7. Ministry of Commerce: China, Japan should set up long-term cooperation mechanism for food safety 8. Gary Locke nominated as commerce secretary; he is a free trade advocate 9. Support plan for logistics industry: nurturing large logistics companies, focusing on investment in port construction 10. Ministry of Education will not force TV stations to change their station logos 11. Beijing Energy Saving & Environmental Protection Center, Dell jointly set up green data center |
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| SELECTED FOREIGN REPORTS: 26 FEBRUARY 2009 | |
| Early Rebound Unlikely for China (AWSJ - subs. req.) China Fund to Boost Foreign Investment (AWSJ - subs. req.) HSBC Results Likely an Asia Gauge (AWSJ - subs. req.) Lenovo to Cut Workers in China (AWSJ - subs. req.) China Fails to Halt the Sale of Looted Relics at a Paris Auction (NYT - reg. req.) Pension fund to buy more overseas assets (SCMP - subs. req.) Aid approved for logistics, non-ferrous metal sectors (SCMP - subs. req.) China Life in talks over AIA takeover (Standard) Jail looms for Shanghai 'King of the Road' (Standard) Christie's faces mainland crackdown in relics fallout (Standard) China Railway back on track with building awards (Standard) |
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| 1. Partial non-performing loans of SMEs to be reduced and exempted The China Banking Regulatory Commission (CBRC) and the Ministry of Finance will jointly issue the measures for the reduction and exemption of non-performing loans of small and medium-sized enterprises engaged in agriculture-related businesses. This act is aimed at further improving financial services to SMEs and creating good institutional environment for SMEs. [Tencent, 2009.02.26] 663 words - PReSEARCH it now 2. The Office of Land Supervision conducts investigation to ensure land supply for projects; local governments play "transfer trick" Since Feb., the Office of Land Supervision conducts an investigation to ensure land supply to projects. Those projects are approved by the central goverment in order to expand domestic demand. In order to solve the problem of land shortage, some provinces are transferring land quota to the projects supported by the central government, while they are applying for new land quotas from the Ministry of Land and Resources. [Sohu, 2009.02.26] 2,888 words - PReSEARCH it now 3. Food Safety Law persists in principle of priority of civil compensation and promises stricter supervision of health food The seventh session of the Standing Committee of the 11th National People's Congress has conducted the fourth round of deliberation on the draft Food Safety Law. According to the fourth revised draft law, the State Council will set up a food safety committee. Another major change is that the latest draft law brings under its purview the supervision of health food. Health food has become a big industry, but many problems remain. The supervision of such food items should be even stricter. The draft law persists in the principle of the priority of civil compensation. [Sina, 2009.02.26] 1,918 words - PReSEARCH it now 4. Follow-up medical treatment compensation plan for Sanlu milk scandal unveiled Feb. 24, the Beijing Municipal Labor & Social Security Bureau announces a joint notice issued by the Ministry of Human Resources and Social Security, the Ministry of Health and the China Insurance Regulatory Commission, regarding medical treatment payment for infants in the Sanlu tainted milk powder scandal. The notice says Sanlu Group will set up a medical compensation fund for infant victims in the tainted milk powder scandal. The fund will be entrusted to China Life Insurance for management. The notice says, after the acute disease medical treatment, if those infants develop related diseases before they are 18 years old, they can also get full reimbursement for their medical expenses from the fund. [Sina, 2009.02.26] 856 words - PReSEARCH it now 5. CNPC to set up a refinery in Guangdong with an annual refining capacity of 20m tons of heavy oil The National Development and Reform Commission (NDRC) has approved the CNPC to build a refinery in Jieyang city, Guangdong province. In May 2008, CNPC and Venezuela signed an agreement for joint exploration of the Orinoco Heavy Oil Belt. According to the agreement, CNPC would set up a refinery with an annual refining capacity of 20m tons of heavy oil imported from Venezuela. [Sina, 2009.02.26] 1,169 words - PReSEARCH it now 6. Revised medical and health care reform will cancel designated medicine production The revised medical and health care reform plan will reportedly cancel the requirement that basic medicine should be produced at designated pharmaceutical factories. [Sina, 2009.02.26] 997 words - PReSEARCH it now 7. Ministry of Commerce: China, Japan should set up long-term cooperation mechanism for food safety Feb. 25, Lv Kejian, director of the Asia Department of the Ministry of Commerce, says that China and Japan should deliberate the establishment of a maneuverable and mutual technical platform so as to set up a long-term bilateral cooperation mechanism for food safety. [JRJ, 2009.02.26] 703 words - PReSEARCH it now 8. Gary Locke nominated as commerce secretary; he is a free trade advocate Feb. 25, President Barack Obama has officially nominated former Washington Governor Gary Locke as commerce secretary. Gary Locke became the nation's first Chinese-American governor when he took office in 1997 and served two terms. He is a free trade advocate. [Hexun, 2009.02.26] 505 words - PReSEARCH it now 9. Support plan for logistics industry: nurturing large logistics companies, focusing on investment in port construction Feb. 25, China's State Council announces support plan for the country's logistics industry. Nine key projects are decided on a way to boost the logistics industry, including supplying necessary equipment as well as promoting an industry standard and an information platform. Company merging and restructuring should be encouraged in order to nurture large and modern logistics companies which could compete in the international market. The development of logistics for energy, mining, automobile, and medical industries and agricultural products should be especially encouraged. [Hexun, 2009.02.26] 1,606 words - PReSEARCH it now 10. Ministry of Education will not force TV stations to change their station logos The Department of Spoken and Written Language Management under the Ministry of Education earlier said many Chinese satellite TV station logos had violated the Law of the People's Republic of China on Standard Spoken and Written Chinese Language and should revise their logos. Feb. 25, Li Yuming, director-general of Department of Language Information Administration under the Ministry of Education, says this is only a suggestion and the Ministry of Education will not force them to change their station logos. [Eastday, 2009.02.26] 266 words - PReSEARCH it now 11. Beijing Energy Saving & Environmental Protection Center, Dell jointly set up green data center Feb. 25, the opening ceremony for the "Beijing Energy Saving & Environmental Protection - Dell Green Data Center" is held. It is the first green demonstration data center established between Dell and a government institution. [CCW, 2009.02.26] 1,655 words - PReSEARCH it now |
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Prepared by Beijing SinoFile Information Consulting Company Ltd. For full news service coverage, including PReSEARCH |
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