China News Direct

 
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Wage guidelines give the easing sign
(Jun 18, 2014) BEIJING - The growth in wages across major cities in China have signs of easing, revealed in the directional wage guidelines issued by local governments. About ten cities and provinces have announced their 2014 wage growth guidelines which are not mandatory or statutory. The pay rise guidelines, for each city or province, have a bottom rate, a benchmark and an upper ...
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Mid-year review after June PMI
(Jun 24, 2014) BEIJING - China's PMI climbed above the boom-bust line for the first time in six months, landing at 50.8 in June and leaving room for thought about China's economy which is aimed to grow 7.5% this year. The June PMI, announced by HSBC and forecast to post just 49.7, took the market by surprise and stirred thoughts about the effectiveness of the miniature relaxation monetary ...
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Another milestone in China's cancer research
(Jun 18, 2014) WUHAN, Hubei - China's own effort in cancer research will be enhanced after the Jackson Laboratory (JAX) of the US and a private company Wuhan Frasergen Bioinformatics Co. Ltd. have formed a joint research center in Wuhan city, Hubei province, researching next-generation drugs and immunotherapies for treating cancers. Wuhan Frasergen Bioinformatics will ...
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Price reform brings back OTC drugs
(Jul 11, 2014) SHANGHAI - Local governments are scrapping the ceiling retail prices of low-priced drugs, the latest medical reform in China to make western drugs and commonly used Chinese herbal medicine affordable and available to Chinese people. Effective 1 July, pharmaceutical companies and retailers in China, not just in Shanghai, will be able to set the retail prices of commonly used ...
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Qingdao's companies to present new medical materials
(Nov 20, 2014) QINGDAO, Shandong - Bright Moon Biomedical Materials made debut a new kind of marine-based medical material which gives Chinese companies access to markets not available before. Qingdao Bright Moon (Mingyue) Biomedical Materials based in Qingdao, Shandong has developed highly absorbable and biocompatible covering materials used for wound dressing. Made from ... 500 words ...
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Pharmaceutical companies seek new growth through Suzhou, Jiangsu
(Oct 28, 2014) SUZHOU, Jiangsu - Pharmaceutical companies in Jiangsu province will be able to import medical products and materials directly through Suzhou Industrial Park, bypassing customs in Shanghai or Nanjing to cut the logistics time half. In filling the demand for medical products, Suzhou Industrial Park opened a zone last week to ... 684 words, Hisense, Eli Lily, Chison Medical Imaging, Chugai Pharmaceutical, AstraZeneca, Yangtze River Pharmaceutical Group ...
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Private medicare could be changing
(Oct 14, 2014) SHANGHAI - Beijing-based private equity group Hony Capital is going to add one more medical project in Shanghai, investing in Pudong Yangsi Hospital for a larger exposure to the private medicare market. Hony Capital is keen on building a network of medical services. It invested in several medical projects before, ... 748 words, Dihon, Simcere Pharmaceutical Group, Bayer ...
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In business formation, don't make me wait
(Sep 18, 2014) XIAMEN, Fujian - The Ministry of Commerce (MOC) and National Health and Family Planning Commission announced yesterday to let foreign investors open solely foreign-owned hospitals in seven Chinese cities and provinces including Beijing and Shanghai. The MOC has decided to let provincial governments vet sole foreign-invested hospitals, following the State ... 580 words, Minsheng Bank, Minsheng Yanglao Co. Ltd., Xiangtang Group, Aoyang Group, Hua Xin Tong International Development Group Co. Ltd., Chang Gung Hospital ...
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Online drug retail is a big opportunity
(Sep 17, 2014) SHANGHAI- Online store Yihaodian (www.yhd.com) will be selling over-the-counter medicines and healthcare products, getting ready for a RMB7 billion market. Yihaodian has been qualified as an internet third-party medicine retailer, which enables other chain stores and pharmaceutical companies to sell drugs and healthcare products at Yihaodian. To ensure the success ...
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China gears up for overseas investments
(Sep 14, 2014) BEIJING - China's overseas direct investments (ODI) are expected to increase faster than foreign direct investments (FDI) going into the country, a trend becoming more vivid in a slowing economy. It is awakening to many companies when costs of production in China, including labour costs, have risen. More foreign companies ...
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