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BEIJING, July 26 (Xinhuanet) -- Seven of the 20 top selling American prescription drugs will lose their patents by the end of next year, making way for less expensive generic versions, according to media reports.It's a shift that could save consumers billions of dollars -- assuming those big-ticket medications are willing to give up a trusted brand name for an off-label replacement.The prices of medications such as cholesterol-fighting Lipitor and blood thinner Plavix are expected to go down significantly, according to the U.S. Food and Drug Administration (FDA).Lipitor will lose its patent in November. When that patent expires, people are advised to buy atorvastatin, the generic equivalent. Other brand names include the anti-psychotic Zyprexa and the rheumatoid arthritis and psoriasis drug Enbrel, of which the patent will expire in October and October of next year, respectively.Over the next 10 years, an estimated 120 more brand-name prescription drugs will lose their patents in the U.S.
BEIJING, Aug. 14 (Xinhua) -- China's National Energy Administration (NEA) announced Sunday that the country's total electric power consumption rose 12.2 percent from a year earlier to 2.69 trillion kilowatt-hours (kwh) during the first seven months of this year.In July alone, power consumption was up 11.8 percent year-on-year to 434.9 billion kwh, according to the NEA.During the first seven months, power consumption in the country's primary industries rose 5.1 percent year-on-year to reach 59.1 billion kwh; power use in secondary industries totaled 2.0253 trillion kwh, up 11.9 percent; consumption in tertiary industries surged 15.5 percent to reach 285.3 billion kwh.Meanwhile, consumption by residents in both urban and rural areas rose 12 percent to 317.2 billion kwh.Power generated by China's newly-built power plants reached 41.23 million kilowatts during the January-July period, of which 7.69 million kilowatts was hydro-generated and 27.74 million was coal-fire generated.
BEIJING, Aug. 13 (Xinhua) -- Chinese rating agency Dagong Global Credit Rating Co. on Saturday defended its AAA rating given to the Ministry of Railways, which has been under public fire over a train collision last month.The ministry received the long-term credit rating after launching on Monday its first bond sales since the crash on July 23 that killed 40 people near the Wenzhou city of eastern Zhejiang province.It sold 20 billion yuan worth of three-month bills on offer in the interbank market, with a yield of 5.55 percent, a relatively high rate for short-term government paper.The rating was assigned because of the ministry's status as a government agency backed by the central government revenue, its sufficient capital flows and strong financing ability, Dagong said in an email to Xinhua.The agency made the elaboration in response to market doubts as the ministry is already heavily indebted and the accident has stirred up skepticism about the its credibility and the safety of fast-expanding railways.Adding to doubts is that the AAA rating of the ministry is even a notch above China's local currency debt rating of AA+, which was also rated by Dagong.Government data showed the ministry's debts exceeded 2 trillion yuan (313 billion U.S. dollars) as of the end of June, raising its debt ratio to 58.53 percent, slightly up from the end of the first quarter of this year.Dagong said in the statement that the debt-to-asset ratio is medium level, lower than the alert line for the ministry which is 75 percent.The ministry has large-scale assets of good quality and relatively large room for fund-raising, Dagong said.The ministry has "extremely strong" repayment ability as it is backed by the state's credit, Dagong said, referring it as one of the three authorities that are allowed to issue bonds, along with the Ministry of Finance and the People's Bank of China.In July, the ministry issued 20 billion yuan of one-year commercial papers with a coupon rate of 5.18 percent, but only 18.73 billion yuan of the total was bought.Analysts said it has become more difficult for the ministry to borrow money because of tightened market liquidity and concerns over the ministry's debt burden.China's top four banks said at the end of last month that they will continue to offer loans to the ministry based on market conditions and risk appraisal. Credit from the four largest state-owned banks including the Industrial and Commercial Bank of China and the Construction Bank of China has been the major source funding the construction of China's fast-growing railways in recent years.
BEIJING, Aug. 3 (Xinhuanet) -- NASA Tuesday confirmed a 4-foot in diameter sphere debris as a fuel tank that was part of the space shuttle Columbia's electrical power system,according to U.S. news reports.NASA engineers identified the 4-foot piece of spherical debris as one of the18 tanks that held chilled oxygen and hydrogen used by the shuttle's electricity-generating fuel cells.This Aug. 1, 2011 handout photo provided by the Nacogdoches Police Department shows a 4-feet in diameter sphere found in Lake Nacogdoches, Texas on Monday, Aug. 1. Police say low water levels at the lake during the drought have led to recovery of a container-like object that could be from space shuttle Columbia. The shuttle broke apart and burned in February 2003, scattering remnants over East TexasPolice in the city of Nacogdoches, about 160 miles northeast of Houston, said Monday the low water levels of Lake Nacogdoches during the record drought revealed an unexpected object that could be from space shuttle Columbia. The shuttle broke apart and burned as it re-entered the atmosphere on February 1, 2003.The tank will be moved to the Kennedy Space Center, where the rest of the Columbia is stored. Approximately 40 percent of the spacecraft has been recovered.
WASHINGTON, June 9 (Xinhua) -- Observations from NASA's Voyager spacecraft suggest the edge of our solar system may not be smooth, but filled with a turbulent sea of magnetic bubbles, the U.S. space agency said Thursday in a statement.While using a new computer model to analyze Voyager data, scientists found the sun's distant magnetic field is made up of bubbles approximately 100 million miles wide. The bubbles are created when magnetic field lines reorganize. The new model suggests the field lines are broken up into self-contained structures disconnected from the solar magnetic field. The findings are described Thursday in the Astrophysical Journal.Like Earth, our sun has a magnetic field with a north pole and a south pole. The field lines are stretched outward by the solar wind or a stream of charged particles emanating from the star that interacts with material expelled from others in our corner of the Milky Way galaxy.The Voyager spacecraft, more than nine billion miles away from Earth, are traveling in a boundary region. In that area, the solar wind and magnetic field are affected by material expelled from other stars in our corner of the Milky Way galaxy."The sun's magnetic field extends all the way to the edge of the solar system," said astronomer Merav Opher of Boston University. "Because the sun spins, its magnetic field becomes twisted and wrinkled, a bit like a ballerina's skirt. Far, far away from the sun, where the Voyagers are, the folds of the skirt bunch up."Understanding the structure of the sun's magnetic field will allow scientists to explain how galactic cosmic rays enter our solar system and help define how the star interacts with the rest of the galaxy.So far, much of the evidence for the existence of the bubbles originates from an instrument aboard the spacecraft that measures energetic particles. Investigators are studying more information and hoping to find signatures of the bubbles in the Voyager magnetic field data."We are still trying to wrap our minds around the implications of the findings," said University of Maryland physicist Jim Drake, one of Opher's colleagues.Launched in 1977, the Voyager twin spacecraft have been on a 33- year journey. They are en route to reach the edge of interstellar space. NASA's Jet Propulsion Laboratory built the spacecraft and continues to operate them.