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BEIJING, April 1 (Xinhua) -- Two Chinese vaccine makers Thursday confirmed they have shut down operations after their rabies vaccines were found to be substandard.The State Food and Drug Administration (SFDA) announced in December that a total of 215,800 units of rabies vaccines made by Jiangsu Ealong Biotech Co. and Hebei Bioforwell Co. from July to October 2008 had quality problems.The agency had ordered the two companies to halt production and sales.The confirmation came after media reports saying Ealong Biotech had resumed production and seven executives had been detained. Reports said the company had mixed an additive with the vaccine to reduce costs, leaving as many as 1 million people affected nationwide.Some local newspapers even reported that deaths or illness were likely caused by the faulty vaccines.Yan Jiangying, the SFDA spokesman, said the SFDA was yet to release investigation results as the probe was still underway.But Yan said people needed several injections to build up immunity as the 180,000 units of vaccines made by Ealong Biotech were not as effective as required by the drug watchdog.Liu Wu, general manager of Ealong Biotech, said the faulty vaccines may not provide protection against rabies as they were not up to national standards.But Liu said "We have not received any reports on adverse reactions in people receiving rabies vaccine shots."Liu also denied there were 1 million people affected, saying each person should receive five injections, or one unit, rather than receive one injection of each unit.The company had not produced or sold even one dose of rabies vaccine since Nov. 30, Liu told Xinhua.It also halted production of the A/H1N1 flu vaccine in February when the quality permit expired, he said.Liu also denied that seven company executives had been arrested and that they had put an additive in the vaccines.Ealong Biotech is the nation's fourth-largest rabies vaccine maker with a market share of 11 percent. It took orders from the Chinese government for 6.3 million doses of A/H1N1 flu vaccines in 2009, ranking third nationwide.Wang Kejing, deputy director of the food and drug administration in Sanhe city, where Hebei Bioforwell Co. is located, said the company had not sold even one dose of vaccine since April last year.Hebei Bioforwell Co., which only produced rabies vaccines, had been shut down for rectification. It said earlier that all the faulty rabies vaccines had been used, but they had received no reports of adverse reactions.In the northern Shanxi province, almost 100 children had died or fell ill after taking shots of vaccines for encephalitis, hepatitis B and rabies, the Beijing-based China Economic Times reported on March 17.The Ministry of Health has launched an investigation into the case after media exposure.

BEIJING, April 5  --The People's Bank of China says the country will be more open to foreign capital this year even though the prospect of a strong economic recovery is still unclear.Although the impending withdrawals of various countries' economic stimulus packages may also complicate the efforts to end the global economic crisis, the Chinese government has decided to increase the penetration of foreign capital into the country's financial industry in an appropriate way.An editorial in the "Global Times" quotes some western officials who said if China opened its market to western financial institutions the way it opened its market to five-star hotels, the potential risks would be huge for the country itself and the world at large.The editorial warns the doors to free trade should not swing open too quickly and that market openness should be managed at the right pace, as China has done during the past three decades. But it also notes that the stakes are higher in the country's financial industry. It argues that if China is fully open to foreign capital, the capital operation pattern common in developed economies such as the United States and several European nations will not suit its existing financial system on such short notice. As a result, chaos would erupt sooner or later in the financial sector.The editorial concludes that China should gradually liberalize its financial industry, because a sudden torrent of foreign capital would be undesirable. It calls for a prudent approach to financial liberalization that would yield a productive outcome as evidenced over the past three decades of gradual financial reform whereby more market competition has been encouraged and distressed loans have been effectively curbed. Such a policy has shielded China from being hit as severely by the current financial crisis and enabled it to rebound quicker than other advanced nations.

BEIJING, April 11 (Xinhua) -- China here Sunday expressed concern over the situation in Thailand after Saturday's bloody clashes between the anti-government "red-shirts" and the security personnel."We show deep concern over the situation in Thailand," Chinese Foreign Ministry spokesperson Jiang Yu made the remarks in response to journalist's question.As a friendly neighbor, Jiang said, China sincerely hopes the social order in Thailand can be restored at an early date.China also hoped Thailand could realize political stability and economic development and its people could enjoy a peaceful and happy life. "Red-shirts" protesters check a damaged Thailand Army vehicle near the Democracy Monument in Bangkok, capital of Thailand, April 11, 2010. Some 20 people lost their lives during the Saturday clashes between the anti-government "red-shirts" and security personnel in Bangkok, the Erawan (or Bangkok Emergency Medical Service Center) told Xinhua Sunday afternoon. The death toll was recorded by 12:00 p.m., as at the same time some 834 people were injured, the Erawan center said.Some 20 people lost their lives during the Saturday clashes between the anti-government "red- shirts" and security personnel in capital Bangkok, the Erawan (or Bangkok Emergency Medical Service Center) told Xinhua Sunday afternoon.The death toll of 20 was recorded by 12:00 p.m., and at the same time some 834 people were injured, the Erawan center said.

BEIJING, May 7 (Xinhua) -- China's recent measures to cool the red-hot property market had curbed excessive home price rises in some cities, a senior government official said Friday during an online discussion with Chinese netizens.Qi Ji, vice minister of housing and urban-rural development, said the reaction to the tightening measures was positive -- after local governments implemented the measures in line with the central government's policy.In April, the Chinese government introduced a raft of tough measures to rein in soaring home prices which grew a record 11.7 percent from a year earlier in March.The measures included more restrictive down-payment requirements, higher loan rates, a ban on lending for third home purchases and tighter scrutiny of developers' financing.He said rapid price growth in some cities was mainly because of a shortage of supply as well as "unreasonable demand.""If not curbed, the excessive gains in prices could spread to more regions, affecting people's living standards and threatening financial safety and even social stability," he added.He said the government would increase crackdowns on illegal practices by property developers, including hoarding of land and delaying sales to exaggerate profits.The government would also strengthen checks on developers' land purchases and fund-raising, he said.He said that the government would seek to increase supply of low-income housing and that a plan regarding construction of such housing for the period to 2012 would be unveiled before the end of July this year, he said.

BEIJING, May 27 (Xinhua) -- Chinese and Indian presidents Thursday agreed that the two Asian countries should further develop partnership and cooperation for mutual benefits as well as regional and global peace and development.Chinese President Hu Jintao and his Indian counterpart Pratibha Devisingh Patil held talks in Beijing Thursday afternoon. Patil arrived in Beijing Wednesday for a six-day state visit to China, the first of its kind over the past decade.Hu said expanding the strategic partnership of cooperation between China and India conformed with fundamental interests of both countries and their people and was conducive to peace, stability and development of the region and the world.He said leaders of the two countries should have frequent meetings and negotiation to enhance mutual trust, for which governments, legislatures and political parties should also play a role. Chinese President Hu Jintao (L) and Indian President Pratibha Patil inspect a guard of honor during a welcoming ceremony held for Patil in Beijing, capital of China, May 27, 2010.President Patil said India-China relations were of global and strategic significance, and all political parties in India were supportive of further advancing such relations.On trade and economic cooperation, Hu urged the two countries to push forward cooperation in fields including finance, agriculture, science, technology, forest and environmental protection.The two countries should create a more flexible environment for each other's companies to make investment and undertake construction contracts, he said.Both countries must adhere to the principles of openness and mutual benefit while opposing protectionism in any form, he said.Describing trade and economic cooperation as a pillar of bilateral ties, Patil said India and China should work together to realize trade target that had been set.Hu said China and India should work more closely to address global issues such as economic downturn, climate change, energy security and food security.The two countries should maintain close communication and coordination within multilateral mechanisms such as China-Russia-India, BRIC, BASIC, and G20, in a bid to increase the voice of developing countries, Hu said.Patil said India was ready to strengthen cooperation with China to address the global issues and safeguard the interests of developing countries.Both presidents agreed that the two neighbors should step up people-to-people exchanges in the areas of culture, education, media, youth and non-government sectors.Celebrations such as "China Festival" in India and "India Festival" in China would be held this year to mark the 60th anniversary of the establishment of diplomatic relations.After the talks, the presidents witnessed the signing of a number of cooperative documents in the areas of tourism, human resources and sports.President Patil also met with top Chinese legislator Wu Bangguo and Premier Wen Jiabao Thursday.Besides Beijing, she will visit Luoyang City in central China's Henan Province and will attend the 2010 World Expo in Shanghai.