48.1% of the 7,000 probes carried out on the mainland by quality control group AsiaInspection found that food processing factories had failed to meet acceptable standards, South China Morning Post reported. Major reasons for failures in China included deliberate mislabeling of product ingredients and the falsifying of ingredients’ expiration dates. Bad ratings were triggered in lab testing by substances […]
Category: Health Care
Stock in mainland drugmaker Guangzhou Baiyunshan Pharmaceutical (0874.HKG, 600332.SHA, 000522.SHE) rose 18.8% in Hong Kong and rose the intraday limit of 10% in Shanghai Tuesday after the company announced it would sell a stake worth RMB10 billion (US$1.65 billion) to a consortium that included Yunfeng Capital, a private equity group co-founded by Alibaba chairman Jack Ma, South China Morning Post […]
Trying to quit
Director of the State Tobacco Monopoly Administration Ling Chengxing took aim at proposed curbs on smoking in public indoor areas, saying controls on tobacco should not take an “absolutist” or “expansionist” direction, Reuters reported, citing an interview with the party paper Study Times. With more than 300 million smokers, China is the world’s largest producer and consumer of […]
The National Development and Reform Commission is considering an end to price caps on most drugs sold in China, Bloomberg reported, citing a proposal sent to drug industry groups. Under the proposed plan, which would take effect on January 1, the government would let prices be set by the market and impose measures to keep […]