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BEIJING, Feb. 17 (Xinhua) -- China's new rules for reviewing proposed mergers and acquisition (M&A) deals by foreign firms on grounds of national security would benefit both Chinese and foreign investors, a Ministry of Commerce (MOC) spokesman said Thursday.The rules will facilitate the growth of foreign-invested enterprises (FIEs) in China and improve the quality and structure of foreign direct investment (FDI) flowing into China, MOC spokesman Yao Jian said at a press conference.The move also marked an improving legal environment for the security of China's business sector along with its opening-up drive, given that M&A by FIEs will increasingly become a trend in the coming years, Yao said."The adoption of the rules in China will also increase policy transparency and improve law-based government administration," said Yao.Yao's words came after the State Council, China's Cabinet, announced last Saturday that it was establishing a panel to check whether M&A deals struck by foreign firms in the country endanger national security.The panel will review attempts by FIEs to buy or merge with domestic companies whose business pertains to national defence, agriculture, energy, resources, key infrastructure, transport systems, key technology sectors and important equipment manufacturing industries, according to a statement published on the central government's website www.gov.cn.The review will be conducted by a foreign investment security review board under the cabinet, members of which come from the National Development and Reform Commission (NDRC), the MOC and other agencies.The new regulations, which take effect in March, come at a time when China is expected to see more M&A deals struck by foreign firms.Currently, inward M&A accounts for about 3 percent of China's total FDI, a sharp contrast with the global average level of more than 70 percent, said Yao. "M&A by FIEs will become a major trend in China."China's taking in FDI through more M&A will promote industrial consolidation and restructuring, and it will also mean more efficient utilization of the existing resources, he said."As the share of M&A in the FDI will probably rise from the current 3 percent to 8 percent, 10 percent or even more, it is necessary to timely formulate China's own rules governing foreign takeovers in line with international standards," Yao said.In April 2010, the State Council said in a statement that foreign investment should be allowed to be more diversified and foreign investors encouraged to participate in the consolidation and restructuring of domestic firms via equity holdings or acquisitions.He Manqing, a researcher with the Chinese Academy of International Trade and Economic Cooperation of the MOC, said "It is right and proper to impose regulations and requirements on proposed M&A deals in the sectors of strategic importance and those involving national security.""The introduction of the regulations conforms to the new trend in China's receiving of FDI and indicates that China's regulations on FDI are becoming more mature," said He.The NDRC said Wednesday that national security scrutiny would only occur when foreign companies take a majority stake in a domestic M&A deal, meaning that a minority stake purchase will not trigger a review."The new rules draw references from similar rules in the United States, Germany and Canada," the NDRC said in a statement on its website.The NDRC also said that the new regulations were in line with World Trade Organization rules and did not imply that China had changed its policies on opening up and attracting FDI.China's FDI jumped 23.4 percent in January to 10.03 billion U.S. dollars, said Yao. The monthly growth rate was up from December's 15.6 percent.As the world's top investment destination, China received a total of 105.74 billion U.S dollars in FDI in 2010, up 17.4 percent year on year, the MOC said last month.
WELLINGTON, May 13 (Xinhua) -- While it's long been known that a little sunshine can spread happiness, researchers in New Zealand have found that it can also save the lives of pneumonia patients.Medical scientists have found that vitamin D, which is absorbed through the skin and produced with exposure to sunlight, is a major factor in the survival rate of pneumonia patients.Researchers at Waikato University collaborated with doctors at Waikato Hospital, both Hamilton-based institutions, to study blood samples of 112 patients admitted to the hospital with pneumonia during the winter.They found that those with severe vitamin D deficiency 17 of the patients were more likely to die within a month, compared with patients with normal or slightly low vitamin D levels.Dr Bob Hancox, of the hospital's department of respiratory medicine, said five of the 17 died, a 29-percent mortality rate, compared with four deaths among the 95 patients with higher vitamin D levels, a 4-percent mortality rate."The analysis confirmed that the difference in mortality rates between the two groups was very unlikely to be due to chance," Hancox told Xinhua.Vitamin D deficiency was a concern around the world, Hancox said."Sunlight is the main source of vitamin D, so it tends to be a winter problem in temperate climates when people spend a lot of time indoors. But it occurs in all countries and vitamin D deficiency is believed to be a major problem worldwide."There is accumulating evidence that we need vitamin D to help fight infections, such as pneumonia as we have shown, as well as improve bone health," he told Xinhua."What is not yet clear is whether we can do anything about it. We don't know whether treating people with vitamin D supplements would help to prevent or treat respiratory infections. This is what we need to find out now."Dr Ray Cursons, of the Biological Sciences department at Waikato University, said patient age, sex, additional health conditions, and other prognostic factors did not affect the research outcome, although researchers still could not establish a causal link between vitamin D deficiency and mortality in the patients.Waikato Hospital D respiratory specialist Dr Noel Karalus said it was not yet known whether giving patients vitamin D supplements after their admission to hospital with respiratory tract infections would alter outcomes."It may transpire that vitamin D helps us avoid infection rather than cure it once established."Cursons said the best source of vitamin D was sunlight as dietary sources such as fatty fish and cod liver oil did not contain enough vitamin D."There is still some controversy regarding the optimal daily allowance of vitamin D. How much we absorb through the skin depends on sun exposure, skin type and geographical latitude. M ori and Pacific Islanders absorb less because of their darker skin, and people in colder climates also have lower levels of vitamin D. "Pneumonia is the single largest cause of death in children worldwide, killing an estimated 1.6 million children under the age of five each year, according to the World Health Organization.The research findings are published in the journal Respirology, published by the Asian Pacific Society of Respirology, this month.
WASHINGTON, April 4 (Xinhua) -- The U.S. National Aeronautics and Space Administration (NASA) announced on Monday that following discussions among the International Space Station partners on Sunday, it is delaying the launch of space shuttle Endeavour's STS- 134 mission to April 29 from April 19.The new launch time is set for 3:47 p.m. EDT (1947 GMT) on Friday, April 29."The delay removes a scheduling conflict with a Russian Progress supply vehicle scheduled to launch April 27 and arrive at the station April 29," NASA said in a statement.NASA managers will hold a Flight Readiness Review on Tuesday, April 19, to assess the team's readiness to support launch. An official launch date will be selected at the conclusion of the meeting.Endeavour will deliver to the space station a 2-billion-dollar, multinational particle detector known as the Alpha Magnetic Spectrometer.
WASHINGTON, May 20 (Xinhua) -- The U.S. Food and Drug Administration (FDA) on Friday approved Sutent to treat patients with progressive neuroendocrine cancerous tumors located in the pancreas that cannot be removed by surgery or that have spread to other parts of the body.Neuroendocrine tumors found in the pancreas are slow-growing and rare. It is estimated that there are fewer than 1,000 new cases in the United States each year.This is the second new approval by the FDA to treat patients with this disease. On May 5, the agency approved Afinitor."FDA believes it is important to provide cancer patients with as many treatment options as possible," said Richard Pazdur, director of the Office of Oncology Drug Products in the FDA's Center for Drug Evaluation and Research. "The agency is committed to working with companies to bring innovative new therapies to the market and encourages companies to continue exploring additional uses for approved products."The safety and effectiveness of Sutent was established in a single study of 171 patients with metastatic (late-stage) or locally advanced (disease that could not be removed with surgery) disease who received Sutent or a placebo (sugar pill). The study was designed to measure the length of time a patient lived before their disease spread or worsened (progression-free survival).Results from the study demonstrate that Sutent provided benefit to patients by prolonging the median length of time they lived without the cancer spreading or worsening to 10.2 months compared to 5.4 months for patients who received placebo.In patients treated with Sutent for neuroendocrine pancreatic tumors, the most commonly reported side effects included diarrhea, nausea, vomiting, fatigue, anorexia, high blood pressure, energy loss, stomach pain, changes in hair color, inflammation of the mouth, and a decrease in infection-fighting white blood cells.Sutent is marketed by New York City-based Pfizer.
BEIJING, Feb. 24 (Xinhua) -- Graft remains one of the Chinese people's top concerns, as indicated by online polls from two mainstream media in China prior to the country's annual parliamentary and political advisory sessions.As of 9 p.m. on Thursday, over 54,000 Internet users voiced their concerns over "the fight against corruption and efforts to build a clean government" in an online survey launched by the Xinhua News Agency.Corruption came in at fourth place behind "curbing housing prices," "income distribution" and "control of commodity prices."The poll was launched by Xinhua and was meant to solicit public opinion ahead of the annual sessions of the National People's Congress (NPC) and the National Committee of the Chinese People's Political Consultative Conference (CPPCC).In a survey posted on People.com.cn, a website subsidiary of the People's Daily newspaper, "anti-graft" was among the most selected topics following "social security" and "judicial justice."Internet users pinned their hopes on the forthcoming parliamentary and political advisory sessions, which are scheduled to open in early March.They hope that their voices would be heard by the country's lawmakers and political advisors, who would represent them in the two sessions and would take all possible measures to tackle a number of social issues including the fight against corruption."I hope that the Central Committee of the Communist Party of China (CPC) combats graft comprehensively and severely to ensure a Party with a clean work style, a society with justice and assures the Chinese people that they would not be wronged," said an Internet user from Jiangxi province in a forum entitled "voicing my wishes to Premier Wen Jiabao at the 2011 two sessions " on xinhuanet.com.Internet users believe that the spread of corruption in some places had hindered China's economic development, undermined social stability and harmed the relationship between the people and officials.The fight against corruption, therefore, is a significant factor in determining whether or not China can reach its goals outlined in its Twelfth Five-year Program (2011-2015) on National Economic and Social Development, an Internet user wrote."Corruption has affected Chinese people's life through its spread into many social sectors. As the two sessions represent an open platform to reflect the people's will, citizens hope to push forward the cause of anti-corruption through legislation, thus addressing their common concerns." said Ren Jianmin, director of the Anti-corruption and Governance Research Center of Tsinghua University.The CPC has never relaxed its efforts to fight against corruption, experts say.Last year saw four ministerial-level Chinese officials placed under a graft probe or removed from their posts. Among these officials were Zhang Jiameng, former vice chairman of the Zhejiang Provincial People's Congress Standing Committee in southeast China, and Zhang Jingli, former deputy director of the State Food and Drug Administration.Another 11 ministerial-level officials were sentenced to life imprisonment or other severe punishments in 2010.On February 12 this year, Liu Zhijun, the Chinese Minister of Railways, was removed from his post as the Party chief of the ministry over an alleged "severe violation of discipline," becoming the latest senior official to be investigated in the country's battle against corruption.Experts believe that the downfall of high-ranking officials over corruption charges have clearly shown the determination of the CPC to enforce the Party's discipline, combat corruption and promote a clean work style.On January 10 this year, Chinese president Hu Jintao called for efforts to tackle prominent problems that have seriously harmed people's interests and sparked most public complaints during a plenary session of the CPC Central Commission for Discipline Inspection (CCDI), the Party's anti-graft body.He also pledged to combat graft and punish corrupt officials severely to win the trust of the people.Further, the CPC's drive to erase corruption yielded significant results last year.A total of 5,098 leaders at the county level or above have been punished and 804 officials were referred for prosecution last year, said Gan Yisheng, the deputy secretary of the CCDI, on January 6 this year.Despite the achievements accomplished by the CPC in its fight against corruption, Ren Jianmin believes that the anti-graft situation in China is grave and the task remain arduous.Problems concerning land acquisition and compensation, housing, food and drug safety, environmental protection, work place safety and equal access to education have been reported by the public.To handle these issues, CCDI secretary He Guoqiang urged officials on January 12 to "put people first" and "exercise the state's power for the people" when addressing problems that the public complains about.He, also a member of the Standing Committee of the CPC Central Committee Political Bureau, said that efforts should be enhanced to fight graft in fields that are most vulnerable to corruption and unhealthy practices."The two sessions have a special role to play in China's fight against corruption," said Li Chengyan, a professor at the School of Government in Peking University."Every year, the Party and the government will take effective measures after the two sessions, as a response to social concerns. The people and the media's focus on anti-graft work will push the government to solve relevant problems," he said.According to experts, however, what's more important is to put in place a sound system concerning anti-corruption, promote reform and ensure the implementation of existing measures.