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BEIJING, March 21 (Xinhua) -- Renowned Chinese liquor producer Kweichow Moutai Co., Ltd. announced Monday its annual net profit in 2010 rose 17.13 percent year on year on strong market demand.Its net profit hit 5.05 billion yuan (769.17 million U.S. dollars), the Guizhou-based firm said in its 2010 annual report filed to Shanghai Stock Exchange.The company's annual business revenue increased 20.3 percent from one year earlier to 11.63 billion yuan while earnings per share stood at 5.35 yuan.The economic rebound accelerated the development of liquor industry despite rising raw material prices, said the report.The A-share price of the upmarket distiller opened down 0.70 percent from the previous close to 189.8 yuan Monday.
BEIJING, Feb. 25 (Xinhua) -- Chinese Vice Premier Li Keqiang on Thursday ordered local governments to increase funding for affordable housing projects, stressing that the construction of 10 million units was a mandatory task that must be fulfilled this year.Speaking at a national conference on affordable housing for low and middle income groups, Li said that the construction of 10 million affordable housing units this year is of great significance for the government to stabilize public expectations, control housing prices, improve people's lives and boost domestic consumption."Housing is imperative for people's lives and local governments must waste no time in beginning the construction of 10 million affordable housing units this year and putting them into service as early as possible," Li said.To facilitate the government's subsidized affordable housing projects, Li said that local governments should ensure basic market supply with small units and guide the public to "reasonable consumption."More efforts are also needed to develop low-rent public housing and satisfy the demands of residents for affordable public housing, Li said. To support the construction of affordable housing, local governments can use tax breaks, determine the rent for public housing reasonably and finance construction projects in different ways, such as bank loans and social investment, he added.Li also called on local governments to increase land supplies for common commercial housing construction. The vice premier called on authorities to ensure transparency and fairness in the distribution of affordable housing units to benefit low-income groups who are in need.He stressed the need to discourage house purchases for the purposes of investment and speculation and to increase the supply of common commercial apartments and strictly implement the central government's macro control policies for the real estate market.The Chinese central government signed strict agreements with provincial governments to guarantee the construction of 10 million government-subsidized apartments this year. The target of building 10 million government-subsidized apartments is 72.4 percent more than last year, according to official figures.China's affordable housing provisions are divided into different categories, including "economic housing" that are sold below market prices, "price-capped housing," government-owned "low-rent housing" for extremely poor residents and "public-rent housing" for a wider range of people.
BEIJING, May 14 (Xinhua) -- From 24-hour complaint hotlines to instant additive detectors, local governments in China are striving to battle the illegal use of food additives following a string of food scandals.According to a statement released Saturday by the office of the food safety commission under the State Council, China's Cabinet, governments in Beijing, Shanghai, Zhejiang and Guangdong have incorporated the local food safety situation into the evaluation of officials' work, while ordering strengthened and coordinated food safety supervision at city and county levels.Many provinces and autonomous regions are distributing educational information through local media to promote, among the local population, the awareness of food safety and the harm of banned food additives, stressing severe punishment in the hope of intimidating potential violators.Certified food additives are displayed on shelves at a store that sells food additives in Beijing, capital of China, April 22, 2011.Law enforcement departments in Chongqing, Guangdong, Liaoning and Hunan have punished violators involved in a series of food scandals which included "poisonous bean sprouts," "inked vermicelli" and "dyed peppers," according to the statement.The document did not provide details on these cases.Meanwhile, governments are figuring out new measures to stem food violations.For instance, the provincial government of northeastern Jilin has set up round-the-clock hotlines for food safety complaints and recruited 1,300 voluntary food safety supervisors who go deep into communities for clues on potential food scandals.Supervisors in southern Guangxi Zhuang Autonomous Region were equipped with additive detecting devices, which are reportedly able to check 27 kinds of illegal food additives "quickly and correctly," including melamine and clenbuterol, a kind of fat-burning drug used by violators to feed pigs to prevent them from accumulating fat.The municipal government of Beijing stipulates that companies found to have committed food violations in the past would be limited in investing in the municipality, while principals responsible for the wrongdoings will be banned from food manufacturing and distribution businesses.Beijing also requires restaurants to inform customers of all food additives contained in their self-made beverages and food sauces by posting the lists in menus or other public places. The lists should also be reported to supervisory departments.According to the statement, the Ministry of Agriculture has sent five teams to various regions, including Hebei, Jilin and Heilongjiang to inspect local food safety conditions.Vice Premier Li Keqiang warned last month of the great harm caused by illegal additives in food during a high-profile national meeting, promising a "firm attitude, iron-handed measures and more efforts" in dealing with the problem."Once such a case surfaces, it has an extensive social impact and easily causes a ripple effect, so we must attach great importance to it," Li said, adding that severe penalties must be imposed on violators to "let the violators pay dearly" and send a message to others.A high-profile, nationwide fight against the illegal use of additives in food was then launched to intensify supervision, upgrade safety standards and greatly increase penalties for violators.The moves came following a series of scandals including steamed buns dyed with unidentified chemicals, as well as the use of illegal cooking oil, known as "gutter oil."In one of the latest cases, police detained 96 people for producing, selling or using meat additives and confiscated over 400 kg of clenbuterol, widely known in the country as "lean meat powder," in central Henan Province.The action followed a scandal revealed in March when the country's largest meat processor, Shuanghui Group, was forced to issue a public apology for its clenbuterol-tainted pork products.
BEIJING, Jan. 30 (Xinhua) -- Chinese President Hu Jintao said Sunday more attention should be paid to raising people's living standards while striving for economic growth.Hu made the remarks at a symposium with non-Communist parties and individuals to mark the Spring Festival, or the Lunar New Year, which falls on Feb. 3 this year.Hu urged the parties and social groups to pursue the people-first principle and help the government to better serve the people."We should always make the improvement of people's lives an important starting point in promoting development in a scientific way and enhancing social harmony," Hu said.Chinese President Hu Jintao (C), also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, delivers an important speech at a symposium with non-Communist parties and individuals to mark the Spring Festival in Beijing, capital of China, Jan. 30, 2011.He said the government would focus on the transformation of its economic development pattern, and try to achieve its economic targets this year, which is also the start of the 12th five-year period (2011-2015).Hu hoped the non-Communist parties and individuals would concentrate on promoting scientific development and put forward practical suggestions for achieving comprehensive, coordinated and sustainable development.This year marks the 90th anniversary of the founding of the Communist Party of China (CPC).Hu said the past 90 years had proved that unison of ideas, targets and actions in the multi-party cooperation system under CPC leadership guaranteed the country to achieve progress in revolution, development and reform.Hu expressed appreciation for the contributions of non-Communist parties and individuals to social and economic development last year."We must rely on all Chinese people, including non-Communist parties, societies, ethnic groups and people from all walks of life and in different strata to achieve this year's goals for economic and social development," said Hu.At the event, Hu also extended New Year's greetings and best wishes to all people from the non-Communist parties and the All-China Federation of Industry and Commerce and those without party affiliations.Non-Communist party leaders at the gathering gave opinions on issues such as multi-party cooperation, rural social security system, water conservation, strategic emerging industries, education and cultural exchanges across the Taiwan Straits.The meeting was chaired by Jia Qinglin, chairman of the National Committee of the Chinese People's Political Consultative Conference. Vice President Xi Jinping and Vice Premier Li Keqiang were present at the gathering.
WASHINGTON, March 4 (Xinhua) -- New data suggest that the epilepsy drug Topamax (topiramate) and its generic versions increase the risk for the birth defects cleft lip and cleft palate in babies born to women who use the medication during pregnancy, the U.S. Food and Drug Administration (FDA) said Friday in a statement.Before prescribing topiramate, approved to treat certain types of seizures in people who have epilepsy, health care professionals should warn patients of childbearing age about the potential hazard to the fetus if a woman becomes pregnant while using the drug, the FDA said.Topiramate also is approved to prevent migraine headaches, but not to relieve the pain of migraines."Health care professionals should carefully consider the benefits and risks of topiramate when prescribing it to women of childbearing age," said Russell Katz, director of the Division of Neurology Products in the FDA's Center for Drug Evaluation and Research. "Alternative medications that have a lower risk of birth defects should be considered."Cleft lip and cleft palate, collectively called oral clefts, are birth defects that occur when parts of the lip or palate do not completely fuse together early in the first trimester of pregnancy, a time when many women do not know they are pregnant.The defects range from a small notch in the lip to a groove that runs into the roof of the mouth and nose, possibly leading to problems with eating, talking, and to ear infections. Surgery often is performed to close the lip and palate and most children do well after treatment.Data from the North American Antiepileptic Drug (AED) Pregnancy Registry indicate an increased risk of oral clefts in infants exposed to topiramate during the first trimester of pregnancy. Infants exposed to topiramate as a single therapy experienced a 1.4 percent prevalence of oral clefts, compared with a prevalence of 0.38 percent - 0.55 percent in infants exposed to other antiepileptic drugs.Infants of mothers who did not have epilepsy and were not being treated with other antiepileptic drugs had a prevalence of 0.07 percent. Similar data from the United Kingdom Epilepsy and Pregnancy Register supported the North American AED Pregnancy Registry data.According to the FDA, before starting topiramate, pregnant women and women of childbearing potential should discuss other treatment options with their health care professional.