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SHANGHAI, Jan. 11 (Xinhua) -- The listed arm of China's biggest train maker, China South Locomotive and Rolling Stock Industry (Group) Corporation (CSR), has been allowed by regulatory authorities to raise 9 billion yuan (1.41 billion U.S. dollars) on the stock market, the company said Wednesday.The Hong Kong- and Shanghai- listed CSR Corp. Ltd. will sell 1.96 billion shares at 4.46 yuan apiece to select investors, it said. But CSR's parent -- state-owned CSR Group -- has agreed to buy no less than 6 billion yuan's worth of the shares, leaving the rest to institutional investors.CSR's net profit growth in the third quarter of 2011 plunged to 9.66 percent year-on-year from a high of 85.08 percent in the first half of 2011 as the country put the brakes on development of the railway sector after a deadly bullet train crash on July 23 that killed 40 people and injured 210 others.The decision to slow the development of high-speed rail lines has led to halts in construction of about 90 percent of ongoing railway projects, or 10,000 km of rail lines across the country, local media reported earlier.CSR is the maker of the bullet trains involved in last July's deadly collision. After the accident, the company's executives bought a combined 540,000 share in August, a move seen as an attempt to bolster battered stock prices.Analysts say the fundraising would help CSR greatly ease its financial burdens. The company earlier pledged to maintain profit growth and its dividend policy to boost investors' confidence.
BEIJING, Oct. 28 (Xinhuanet) -- Taking aspirin everyday may lower the risk of developing colon cancer for people with the cancer-causing genes, researchers found.The finding was published on Friday in the British medical journal "Lancet".The researchers followed 508 patients with Lynch syndrome, an inherited disorder which increases the risk of developing colon and other cancers.These patients were divided into two groups: members in one group took 600 mg aspirins everyday; another group took only the dummy pills.After 4 years, 10 colon cancer cases were reported among 258 patients who took daily aspirins for at least two years, comparing with 23 cases among 250 patients on dummy pills."This is good news for a very specific population," said Asad Umar, a cancer prevention expert at the U.S. National Cancer Institute.However, the finding doesn't apply to the general public, suggested the lead author of the study John Burn, a geneticist at Newcastle University in England.Only those who are at risk of such diseases should consider taking aspirin regularly, such as people having a family history of colon cancer, he added.

BEIJING, Nov. 7 (Xinhuanet) -- A huge asteroid will pass closer to Earth than the moon on Tuesday, but experts say there is no cause for alarm.Asteroid 2005 YU 55 will pass about 300-thousand kilometers from the earth. The giant space rock is about 400 meters in diameter. The close encounter will occur at 23:28 Greenwich Mean Time. Computer models showing the asteroid’s path for the next 100 years show there is no chance it will hit Earth during that time.Previous studies show the asteroid is what is called a C-type asteroid that is likely made of carbon-based materials and some silicate rock.
COPENHAGEN, Nov.23 (Xinhua) -- Denmark's new tax on fatty foods is having little impact on consumer habits, an opinion poll showed Wednesday.Only seven percent of those polled said they had changed their shopping habits since the tax was imposed Oct.1, said FDB Analyse, which conducted the poll for Danish news agency Ritzau.The world's first fat tax affects products containing more than 2.3 percent saturated fat, meaning a kilo of saturated fat costs 16 Danish kroner (2.87 U.S. dollars).As a result, butter, cream, cheese, meat, cooking oil and processed foods like pizza and biscuits are among thousands of products that have become dearer in recent weeks.However, two out of three respondents to the poll said price rises are too low to make them alter their dietary habits, an opinion shared by some in the food retail sector."Price rises per product vary from a few oere to 2 kroner (0.36 U.S. dollar)," said Mogens Werge, Director of Consumer Policy at Coop, a supermarket chain which accounts for 40 percent trade in basic daily goods in Denmark."No Danes will change their dietary habits just because the cost of a packet of cookies rises by 35 oere," he told DR News, Denmark's public broadcaster.The Danish Agriculture and Food Council, an industry association, says the fat tax costs a Danish family with two children an additional 1,000 kroner (180 dollars), per year.Reacting to the poll, the Social Democratic Party (SDP), which leads Denmark's coalition center-left government, said the fat tax must be given more time to take effect."There are several parameters to measure the tax, one of which is purely economic, where you have to consider a longer time period," SDP consumer affairs spokesperson Mette Reissmann, told DR News."Also, I never thought we would suddenly become a nation that rejects fatty foods. It takes a long time to change consumer behavior," she added.The government's Commission on Prevention, tasked with finding ways to improve the nation's health, also said it is too early to evaluate the fat tax's impact. It believes the tax discourages purchase of unhealthy foods, and will help raise average Danish life expectancy by one week.For their part, two-thirds of poll respondents suggested the government would do better by removing value added tax (VAT) on healthy foods like fresh fruit and vegetables, and instead raise it on food products containing fat and sugar.Denmark already imposes 25 percent VAT on most consumer goods and food products.
BEIJING, Dec. 24 (Xinhua) -- Renowned China economist Li Yining said Saturday that adjusting the structure of China's economy is a "matter of life and death" while the structure of GDP is more important than its size.The focus of the country's economic structure adjustment now should be transforming the dual structure in the urban and rural economy, which causes the widening income gaps between urban and rural residents, Li said at the China Economic Forum.He also noted that the key to stimulating domestic demand is to raise the workers' wages.With the external demand waned, the Chinese government has attempted to turn to domestic consumers to take up the slack. The country vows to expand domestic demand next year and increase residents' income, especially for disadvantaged groups.However, Li said raising household income is not enough and the government also needs to improve its social security system as well as increase construction of affordable houses and public rental houses.The country plans to begin construction or renovation on at least 7 million housing units for low-income groups next year, Minister of Housing and Urban-Rural Development Jiang Weixin said Friday.
来源:资阳报