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BEIJING, Sept. 16 (Xinhua) -- The infant milk powder produced by most companies in China was safe according to the nationwide check results following the Sanlu baby formula scam, the country's State Council departments said on Tuesday. The State Administration of Quality Supervision, Inspection and Quarantine said it had tested 491 batches of baby milk powder produced by all the 109 companies in the country in a special inspection move. Tang Yiwen, 9-month old, is checked by doctor at a children's hospital in Guilin, south China's Guangxi Zhuang Autonomous Region Sept. 16, 2008. The infant milk powder produced by most companies in China was safe according to the nationwide check results following the Sanlu baby formula scam, the country's State Council departments said on Tuesday. 69 batches from 22 companies nationwide were found containing melamine, a chemical which had tainted Sanlu's baby formula and led to kidney stone illness of more than 1,200 infants across the country. The number of companies with melamine-tainted milk accounted for 20.18 percent of the total of milk powder companies in China. And the number of tainted batches accounted for 14.05 percent of the total batches tested. The melamine content in the Sanlu brand reached 2,563 mg per kg, the highest among all the samples. In other samples, the range was from 0.09 mg to 619 mg per kilogram. Parents with their babies wait for examinations at a children's hospital in Hefei, capital of east China's Anhui Province Sept. 16, 2008.Authorities have sealed the problematic milk powder products in companies, or removed them from store shelves and recalled all those sold. Safe powder milk products will continue to be sold on market to ensure enough supply, according to the State Council. To ensue the quality safety, the quality inspection bodies will dispatch supervisors to each baby milk powder company since Wednesday to oversee the quality of raw materials and production procedures. Every batch of products will be checked. Sanlu, which is 43 percent owned by New Zealand dairy company Fonterra, has been ordered to halt production. The Hebei provincial government decided on Tuesday to dispatch four working teams to Sanlu Group for a thorough investigation. So far, four milk dealers have been arrested and 22 others detained for questioning by Hebei police.
SANAA, June 25 (Xinhua) -- Chinese Vice President Xi Jinping said here Wednesday that China and Yemen share a big potential and many favorable conditions for expanding the scale of investment and cooperation. Xi made the remarks in a speech at the opening ceremony of the China-Yemen Bilateral Investment Seminar, which attracted some 300 Chinese and Yemeni officials and entrepreneurs, including Yemeni Prime Minister Ali Muhammad al-Mujawar. Xi said it is the natural requisite of economic development for the two countries to deepen mutually beneficial cooperation and create common prosperity. Noting that Yemen has geographical advantages and rich reserves of natural resources, he expressed the hope that companies of the two countries could proceed from traditional friendship to mutual understanding and cooperation. Xi said the companies of the two countries should stick to mutually beneficial and win-win practices so as to promote common development. Chinese Vice President Xi Jinping (R) meets with Yemeni Vice President Abdal-Rab Mansur Al-Hadii (L) in Sanaa, capital of Yemen, June 24, 2008. Xi started a two-day visit to Yemen on Tuesday The Chinese leader encouraged entrepreneurs of the two countries to boost exchanges by actively improving the environment, expanding investment channels and optimizing investment structure. He expressed the belief that under the support of the two governments and the joint efforts of Chinese and Yemeni entrepreneurs, the friendly cooperation between China and Yemen will witness even greater growth. The seminar was jointly sponsored by the China Council for the Promotion of International Trade and the General Investment Authority of Yemen. Yemeni Prime Minister al-Mujawar said at the seminar that China is an important, cooperative partner of Yemen. The two countries' relations enjoy a good momentum and there is a broad prospect of trade and economic cooperation. He said Yemen welcomes investment from the Chinese companies in the country, especially in areas like energy, mining, fishing and infrastructure. The Yemeni government will create a favorable investment environment for these activities, he said. Xi arrived here Tuesday for an official visit to Yemen. He will conclude the visit and fly back home Wednesday.
BEIJING, May. 13 -- China's trade surplus decreased slightly last month from a year ago amid declines in international trade growth triggered by the global economic slowdown. Monthly surplus reached 16.68 billion last month, down 1.14 percent year-on-year but up 24.5 percent from 13.4 billion U.S. dollars in March, the General Administration of Customs said yesterday. Exports in April rose 21.8 percent year-on-year to 118.71 billion U.S. dollars, while imports rose 26.3 percent to 102.03 billion U.S. dollars. China's trade surplus decreased slightly last month from a year ago amid declines in international trade growth triggered by the global economic slowdown.( The sharp decline in April's export growth after a 30.6 percent rise in March should be seen as a return to the medium-term trend rather than a sudden weakening in China's exports, said Sun Mingchun with Lehman Brothers. He said year-on-year growth of exports in March 2008 was abnormally strong given exports in March 2007 were extremely weak because exporters had frontloaded their shipments last February. China's trade surplus has been narrowing since the government took measures to curb exports of resource-intensive and heavily polluting products and started to encourage imports from last year. The World Trade Organization has predicted global trade growth will decline to 4.5 percent, 1 percentage point lower than last year. It could be the slowest rise since 2002. "The global economy is facing more uncertainties this year given the possible shrinkage in US demand and inflationary pressures. Both these factors are expected to aggravate the global economic slowdown, further affecting trade," said Liang Yanfen, a researcher with the Chinese Academy of International Trade and Economic Cooperation. "Slowing external demand may take more time to impact export growth, but the weakening trend is becoming more evident both in and outside the US. Higher commodity prices and currency appreciation would check the continued rise in trade surplus," said Ken Peng, a Citi analyst. Export growth stayed robust at 21.8 percent but is under pressure as even Asian demand has started to slow, suggesting that a weakening in the final product markets is affecting upstream producers while imports continue to be supported by a stronger currency, high commodity prices and government controls over trade in food and resources out of inflation concerns, he said. The country's trade surplus in the first four months narrowed to 57.99 billion U.S. dollars, 5.31 billion U.S. dollars lower than a year ago. Exports in these four months amounted to 424.6 billion U.S. dollars, up 21.5 percent, or 6 percentage points less than a year earlier. Imports were 366.6 billion U.S. dollars, up 27.9 percent, or 8.8 percentage points more than a year earlier. Realized foreign investment reached 35.02 billion U.S. dollars during the four months, up 59.32 percent year-on-year, the Ministry of Commerce said.
BEIJING, Sept. 4 (Xinhua) -- China's State Council, or the Cabinet, has ordered government agencies to take immediate actions to rectify the financial abuses exposed by the National Audit Office (NAO) in late August. All units that misused funds were required to report their rectification results to the State Council before Oct. 31, according to an executive meeting of the Cabinet Thursday, which was presided over by Premier Wen Jiabao. The NAO found 29.38 billion yuan (4.32 billion U.S. dollars) worth of "problematic" expenditures after auditing the 2007 state budget spending of 53 ministerial-level departments and 368 of their affiliates. It also found 258 million yuan of disaster relief funds were embezzled and used for administrative expenses or government construction projects. The meeting decided that more central agencies shall make public their budgets. Eleven of them did this last year. The Cabinet also reviewed a draft ordinance complementary for the enforcement of the Labor Contract Law, and decided that further revision has to be done before it could be enacted. The Labor Contract Law took effect on Jan. 1 and has raised concern in China's corporate world because of its enhanced protection of laborers' rights.
hina was 249 million U.S. dollars, increasing by 218.4 percent from 2004. China's export to and import from Laos were respectively 164million U.S. dollars and 85 million U.S. dollars, rising by 162.4 percent and 653.8 percent from 2004. Till the end of 2007, Laos had accumulatively invested 17 million U.S. dollars in China, and the latter's non-financial direct investment accumulatively reached 146 million U.S. dollars. While China and Laos maintained a good momentum of development on political relations, they also expanded the range of trade and economic cooperation. The cooperation with governments, regional bodies, non-governmental organizations and private sectors have been intensified and deepened, Bouasone said. The Third GMS Summit, with a theme of "Enhancing Competitiveness Through Greater Connectivity", aims to sustain and deepen economic cooperation and integration efforts among the GMS countries in order to better meet development challenges and realize the common vision of an integrated, harmonious and prosperous subregion.