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SHANGHAI, Jan. 11 (Xinhua) -- China has allowed the Bank of East Asia (BEA) to issue yuan-denominated bonds in Hong Kong for a second time, about three years after it became the first foreign-invested bank to make a yuan bond issuance, the bank said Wednesday.BEA China Ltd, a wholly-owned subsidiary of the BEA, was given the approval by the National Development and Reform Commission of China to issue yuan bonds in Hong Kong, it said.Details on the amounts and timing of the offerings weren't available. In 2009, in a major landmark, the BEA issued its first yuan bonds in Hong Kong in an aggregate principal amount of 4 billion yuan (630 million U.S. dollars).The BEA was among the first foreign-invested banks to be given the green light to issue yuan-denominated bonds in Hong Kong, a move analysts say will bolster the international influence of the Chinese currency, also known as renminbi.Sun Minjie, deputy head of BEA China, said the second bond issuance will give the bank stable access to capital, improve its debt portfolio, and support its development on the Chinese mainland.

COPENHAGEN, Oct. 1 (Xinhua) -- Denmark implemented a tax on foods high in saturated fat from Saturday, the first of its kind in the world, which will affect products containing more than 2.3 percent saturated fat.Butter, cream, cheese, meat, cooking oil and processed foods like pizza and dark chocolate are among thousands of products affected. The so-called fat tax is pegged at 16 Danish kroner (2.87 U.S. dollars) per kilo of saturated fat.Thus, a 250-gram packet of butter, which previously cost 15.5 Danish kroner (2.78 dollars), will now cost 18.10 Danish kroner (3.25 dollars). And the cost of a liter of olive oil has risen from 38.95 Danish kroner (7 dollars) to 41.60 Danish kroner (7.48 dollars), for example.Some Danes began hoarding the affected products ahead of Saturday's deadline, while stores across Denmark rushed to mark-up prices of these goods.Although the new tax will mean higher costs for consumers and many food product manufacturers, the Danish government believes the tax is a good way of reducing Danes'consumption of fatty foods.Local producers are worried the tax will give an unfair advantage to manufacturers from neighboring countries who, they say, can now sell their products more cheaply in the Danish market.However, tax authorities here said imported food products will also be subject to the tax.

SHANGHAI, Dec. 9 (Xinhua) -- China's homegrown C919 large passenger plane has finished its preliminary development review and entered the development phase, a senior executive of Commercial Aircraft Corporation of China Ltd. (COMAC) in Shanghai said Friday.An expert team of the C919 project has approved the overall preliminary development review (PDR) of the passenger jet, said Jin Zhuanglong, president of the Shanghai-based COMAC.It is expected that the manufacturing process for the components of the prototype will begin by the end of 2011.COMAC signed a deal to sell 20 C919 large passenger planes to China Aircraft Leasing Company Limited (CALC) on Thursday.Up to now, the users of C919 large passenger planes have reached 10 and total orders amount to 215 units.COMAC said earlier it would develop both 168-seat and 156-seat models of the jet, with more models to be developed in the future.It also said that test flights for the single-aisle C919 were scheduled for 2014, and delivery is slated for 2016.

SHIJIAZHUANG, Oct. 16 (Xinhua) -- Chinese archaeologists said Sunday that they have found evidence of the cultivation of glutinous millet in the northern province of Hebei that could date back to 10,000 years, the earliest evidence of people growing the crop in the world.Lab results showed that remains of glutinous millet found at archaeological sites in Cishan Village in the city of Wu'an were harvested during the Neolithic Era between 8,700 to 10,000 years ago, scientists with the Institute of Geology and Geophysics of China Academy of Sciences (IGGCAS) said at a cultural festival held in Wu'an on Sunday.This means Cishan was the birthplace of the crop, archaeologists said.They have also found remains of foxtail millet in the pits, which could date back to between 8,700 and 7,500 years. This would be the earliest evidence of the crop's cultivation, which means that Cishan was the birthplace of foxtail millet, too, said Lu Houyuan, an IGGCAS scientist.Cultivating small-seeded dry crops was more prevalent than cultivating rice in prehistoric times, especially in China's semi-arid northern regions, Lu said.A total of 50,000 kilograms of grains have been stored in 88 pits for thousands of years at the Cishan Site, a Neolithic site discovered in 1972.In addition to grain remnants, pottery, stone tools, animal bones and bone artifacts have also been excavated from the site, which archaeologists believe will help their research in the emergence of agriculture in China.

BEIJING, Jan. 05 (Xinhuanet) -- China's satellite television channels have aired fewer entertainment programs this year as broadcasting watchdog's curbs on "excessive entertainment" took effect.The State Administration of Radio, Film and Television has cut two-thirds of "racy" entertainment programs on China's 34 satellite channels since the campaign began, the spokesperson for the administration said on Tuesday.Since the regulation took effect on Jan 1, the total number of entertainment programs scheduled for prime-time -7:30 pm to 10 pm - broadcast a week dropped to 38 from 126 at the end of last year, according to a statement from the administration.Under the regulation, announced in October, each satellite channel can broadcast no more than two entertainment programs a week and the maximum length of the program may not exceed 90 minutes.The targeted programs, including dating shows, reality talent shows and emotional stories on the administration's list, were deemed "excessive entertainment" and showing "less taste"."Satellite channels should design programs with innovative content, promoting traditional virtues and socialist core values in their new entertainment programs," the authority said.The administration considers the move crucial to improving cultural content for the public by offering high-level programs.Meanwhile, the number of news programs on the satellite channels has grown to 193 a day, 33 percent more than in 2011.Currently, news programming on each satellite channel has surpassed two hours, and each channel has at least two 30-minute news programs during prime time.But popular dating shows such as If You Are the One, produced by Jiangsu Satellite TV, and reality shows such as China's Got Talent, aired by Shanghai-based Dragon TV, will remain on during prime time in the weekend.Li Hao, spokesman for Hunan Satellite TV, a broadcaster famous for its entertainment programs, told China Daily the regulation will improve the quality of entertainment programs."We have been exploring how to make entertainment shows more meaningful and valuable," he said, adding that the channel has shortened the length of its two entertainment programs from 110 to 90 minutes."We will supervise programs more strictly, and pay close attention to things such as the clothing and comments of hosts and guests," he added.Cheng Manli, a media professor at Peking University, welcomed the new regulation to limit "less tasteful" programs involving violence and money worship."After all, unhealthy programs may hurt young people who are not able to distinguish right from wrong, which also worries their parents," she said.However, Yu Guoming, a professor at the School of Journalism at Renmin University of China, did not think the regulation was the way to improve cultural development."Whether the entertainment program is good or not should be decided by viewers' reaction, instead of an administration's evaluation," he said. "Residents are under pressure and need to watch shows to relax in our society."Yu also said that a good entertainment program should respect residents' taste and give them more viewing choices, or else it could lead to rigid restrictions.Ma Yuqiang, who runs an online clothing retail company, said the new rule will not affect his daily life, because he can watch the entertainment programs that were taken off prime time on the Internet."I think the regulation will drive most young people to the Internet," Ma, 26, said.

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