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China mulls buying IMF goldPublished: 21 Sep 2009 21:27:45 PSTTop 5 News From ChinaKnowledge.comBest Solar’s 130-MW thin film plant to start production this yearChina Int’l Travel Service sets price range for Shanghai IPOHang Seng Index opens 83 points higher on TueKWG Property acquires land in Guangzhou for RMB 465 mlnRBS appoints 3 senior executives in ChinaSep. 22, 2009 (China Knowledge) – China is considering purchasing gold being offering for sale by the International Monetary Fund, said unnamed government officials, Market News International reported.One government source reportedly said that China will consider purchasing IMF gold if the price is right and the return is relatively high.The multilateral institution on Friday formally agreed to sell 403.3 metric tons of gold, one eighth of its holdings, to central banks or in the gold market.The purchase of gold would be in line with the Chinese government’s effort to diversify the country’s abundant foreign exchange reserves to reduce foreign exchange risk. The purchase might also help China gain influence with the IMF.China earlier this month signed an agreement to buy around US$50 billion worth of the first batch of IMF bonds, according to an earlier report from China Knowledge.Copyright © 2009 http://www.chinaknowledge.com弹簧 热处理设备 减速机 分散机 芦荟 环保空调 短信群发 CNC Machining
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China Unicom adds 801,000 3G users in NovPublished: 22 Dec 2009 01:33:15 PSTMore From ChinaKnowledge.comChina Economy DataChina Business GuideChina DemographicChina Industrial ParksChina Financial MarketDec. 22, 2009 (China Knowledge) – China Unicom (Hong Kong) Ltd<600050><0762><CHU>, the country’s second-largest telecom operator, yesterday released its key performance indicators for November this year.In November, the Chinese telecom operator added 801,000 3G users from a month ago, which boosted the total number of 3G users to 1.82 million. The company’s 2G subscribers increased by 605,000 to 144.21 million last month.Broadband subscribers amounted to 38.33 million, 325,000 more than that of a month ago. However, its local access line users fell 1.25 million to 104.93 million from a month ago.According to the November performance data released by the top three Chinese telecom operators, China’s mobile users increased 17.3% year on year or 1.3% month on month to 717 million in November.Copyright © 2009 http://www.chinaknowledge.com弹簧 china elevator 风机箱 China Sourcing lithium batteries 北京翻译公司 烘箱 protein expression
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China April auto sales rise to new monthly highPublished: 07 May 2009 23:40:16 PSTShanghai, May 7 (Gasgoo.com) China’s passenger car sales likely rose to a record monthly high of 1.15 million units in April, xinhuanet.com reported today, citing industry figures. Sales in China once again outpaced those in the United States, according to official figures from China Association of Automobile Manufacturers (CAAM).After slowing late last year as the impact from the global financial crisis deepened, China’s auto sales have risen for five straight months. In March, sales hit a monthly record high of 1.11 million units. Sales in April rose 5% from a year earlier to 1.15 million units and set a higher monthly sales record.China passed Japan to become the world’s second biggest market for new vehicles in 2006. With its 1.3 billion population, China has started to overtake the U.S., in auto sales and the sharp downturn in American sales has accelerated that trend. U.S. auto sales fell 34% in April from a year earlier to 820,000 units. That was about 38,000 fewer than in March.Full Storylithium battery kitchen cabinets for sale 深圳厂房装修 负压风机 uv机 弹簧 XP系统下载
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Time for government officials to behave themselves, or else Published: 25 Jun 2009 07:02:01 PSTRecently, astonishing remarks made by some local officials have been widely circulated among the public and have since come under attack. During a personal dispute with an ordinary citizen, a traffic police officer screamed,“F– you. Do you know who I am?” In another incident, a government official asked a reporter who raised challenging questions, “Are you speaking for the Party or for the common people?”Such words and behavior have aroused people’s anger and hostility. But some officials are defending themselves by saying it is their right to speak freely.Indeed, as a citizen, government officials enjoy all rights, which are protected by our Constitution and laws. Freedom of speech is definitely one of them. To encourage frank and free discussion, our country even has a law stipulating that NPC members be exempted for anything they say during the meetings.However, this does not mean public officials can say anything they’d like. Any kind of free speech has its bottom line to guarantee the basic values and normal order of society.Compared with ordinary citizens, government officials should accept more restrictions over their freedom of speech. They represent the people and whenever they speak, it must be assumed they are doing so from a position of authority. It is common sense that their rights should be restricted under some circumstances.Just as public officers cannot do business and have to report their personal property, what officials say must be restricted by law, by their identities and by disciplines within the Party and the departments where they work.Some government officials, who don’t fully understand their unique identity and the responsibility that comes with it, feel superior to common people and care nothing when they speak. They enjoy freedom of speech but they also shoulder responsibilities. To show they really care for others’ rights, these officials must learn to how to behave themselves.(People’s Daily)Explore the World, Understand China!Please log on http://www.gloaltimes.cn除湿机 kitchen cabinets on sale lipo battery Superannuation 外墙清洗 工作流 ビジネスローン
CSRC to Youth Jerseys review merger plan of China Eastern, Shanghai Airlines
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CSRC to review merger plan of China Eastern, Shanghai AirlinesPublished: 29 Nov 2009 17:59:18 PSTMore From ChinaKnowledge.comChina Economy DataChina Business GuideChina DemographicChina Industrial ParksChina Financial MarketNov. 30, 2009 (China Knowledge) – The China Securities Regulatory Commission will review the application from China Eastern Airlines<600115><0670><CEA> to merge with Shanghai Airlines<600570> today.According to the plan, Shanghai Airlines will merge into China Eastern through a RMB 9-billion share swap. Every share of Shanghai Airlines will be able to exchange for 1.3 shares in China Eastern, and Shangahi Airlines will be delisted from the Shanghai Stock Exchange after the merger, which is estimated to be completed by the end of this year.The deal is expected to give China Eastern more than 50% market share in Shanghai. China Eastern posted a profit of RMB 1.2 billion for the first three quarters of this year since the economy was recovering and the fuel prices declined. The company will reduce net losses this year and expects to break even next year, said General Manager Ma Xulun.The 21st Century Business Herald reported on Friday that Singapore Airlines would inject RMB 7 billion into China Eastern. However, the Chinese carrier denied the report and said it was not in talks with Singapore Airline over a capital injection.Shares of Shanghai Airlines and China Eastern closed at RMB 6.81 and RMB 6.15 before they were suspended from trading on Nov. 26.Copyright © 2009 http://www.chinaknowledge.com自清洗过滤器 kitchen cabinets online 江南古镇 subcloning 深圳罗湖搬家 工作流 烘箱
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Hutchison Whampoa to sell US$189.3 mln in bonds due 2015Published: 27 Oct 2009 20:38:51 PSTMore From ChinaKnowledge.comChina Economy DataChina Business GuideChina DemographicChina Industrial ParksChina Financial MarketOct. 28, 2009 (China Knowledge) – Hutchison Whampoa Ltd<0013>, which is controlled by tycoon Li Ka-shing and deals with businesses in ports, real estate and energy, said that it will issue US$189.3 million in bonds that will mature in 2015, sources reported.The company plans to settle debts due in the next two years through the bond offering and has hired Morgan Stanley to handle the deal. Hutchison Whampoa said that 39% of the holders of the bonds maturing in 2010 and 25% of the holders of its 2011 bonds have agreed to exchange their old bonds for new bonds.The firm said in September that it would offer bondholders the option to exchange their 2010 bonds, which have a coupon rate of 5.45%, and their 2011 bonds, which have a coupon of 7%, for the new bonds, which carry a coupon rate of 4.625%.The total cash involved in the exchange will be US$12.2 million, said the company without disclosing the reason for the offer.On Oct. 15, Chairman Li Ka-shing bought 1.43 million shares of Hutchison Whampoa for a total of HK$77.73 million, raising his shareholding in the company to 51.42% from the previous 51.39%. The average share price of the transaction was HK$54.4 apiece, according to an earlier report from China Knowledge.Copyright © 2009 http://www.chinaknowledge.comlithium polymer air conditioner motor 古城 autoboss V30 lithium batteries 弹簧 washing machine spare parts
China’s buy geiger counter National Social Security Fund suffers loss of RMB 39.4 bln in 2008
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China’s National Social Security Fund suffers loss of RMB 39.4 bln in 2008Published: 06 May 2009 16:58:15 PSTTop 5 News From ChinaKnowledge.com Apple expects to bring iPhone to China in 2010 China’s National Social Security Fund suffers loss of RMB 39.4 bln in 2008 FMR LLC cuts shareholding in BYD to 9.96% SAIC unveils hybrid car development plans Bank of America mulls stake cut in CCB May 7, 2009 (China Knowledge) – China’s National Social Security Fund (NSSF) suffered a loss of RMB 39.4 billion in 2008, the first loss since the fund’s establishment eight years ago, according to a statement released by the National Council for Social Security Fund. The sharp loss reflects the shrinking value of stocks in the domestic market. The fund earned RMB 23.36 billion in 2008, while the fair value of its assets lost RMB 62.73 billion. The fund’s total assets amounted to RMB 562.37 billion as of the end of 2008, less than the RMB 569.24 billion at the end of 2007. Direct investment in the fund accounted for 54.38% of the total assets, while entrusted investments accounted for the remaining 45.62%. The National Council for the Social Security Fund earlier said it will adjust its investment strategy and maintain a prudent investment policy to weather the global economic recession. Copyright © 2009 http://www.chinaknowledge.com乳化机 混合机 浙江旅游 launch x431 diagun lithium batteries 外匯買賣 乳化机
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Australia approves China, India gas project with conditions Published: 26 Aug 2009 17:02:01 PSTAustralia yesterday approved a huge energy project that will supply natural gas worth tens of billions of dollars to China and India, giving new impetus to its resources boom.Environment Minister Peter Garrett gave his approval with 28 conditions, including measures to protect endangered species on Barrow Island and to minimize pollution.The project is a joint venture by Chevron, Shell and ExxonMobil, which have signed a record $41 billion contract with Chinese giant PetroChina and another worth $21 billion with India’s Petronet."It is acceptable for the expansion to go ahead subject to the conditions … The public can have confidence that the environment of Barrow will be properly protected," Garrett said.He expected Chevron and the venture’s other partners would be "more than willing" to meet the conditions.Chevron, the majority partner in the project, welcomed the approval and expected a quick decision of final investment."The Gorgon project is Australia’s largest single resource project and is set to deliver significant economic benefits and create around 10,000 indirect and direct jobs during peak construction," said Roy Krzywosinski, the company’s Australian managing director.He said the plant was "globally and nationally significant," with an economic life of at least 40 years, adding it had been sited to minimize environmental impact.AFP Explore the World, Understand China!Please log on http://www.gloaltimes.cn乳化机 Rift platinum 北京翻译公司 激光打标机 网络电话 外匯買賣 搅拌器
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Central Huijin raises stake in ICBC to 35.41%Published: 28 Sep 2009 00:59:07 PSTTop 5 News From ChinaKnowledge.comChina Unicom to sell iPhone next monthGM expects stable sales in China next yearBDA obtained RMB 115 bln credit line from 8 Chinese banksReneSola to buy Dynamic Green Energy for US$88.5 mlnTesco opens 2nd energy-saving store in ShanghaiSep. 28, 2009 (China Knowledge) – Industrial and Commercial Bank of China<601398><1398>, the world’s largest lender by market value, said on Friday that Central Huijin Investment Co Ltd has purchased an additional 281 million A shares, or 0.08% of the company’s total outstanding shares, as of Sep. 22, 2009, sources reported.Central Huijin, a wholly-owned subsidiary of China’s sovereign wealth fund China Investment Corp, now holds around 118.29 billion A shares of ICBC in total, accounting for 35.41% of the lender’s total equity interest, according to a statement filed with the Shanghai Stock Exchange. According to an earlier report from China Knowledge, U.S.-based financial holding company JPMorgan Chase & Co recently reduced its shareholding in ICBC to 4.98% from the previous 5.2%. JPMorgan on Aug. 18 sold 179 million H shares of ICBC for HK$948 million. The average share price of the transaction was HK$5.29 apiece.H shares of ICBC rose 0.51% to HK$5.92 on Friday, while A shares dropped 1.01% to RMB 4.9.Copyright © 2009 http://www.chinaknowledge.com深圳装修 北京翻译公司 搅拌机 过滤器 净化工程 外汇交易 乳化机
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TABLE-Taiwan Q4 current account surplus at $7.92 blnPublished: 20 Feb 2009 01:07:11 PST TAIPEI, Feb 20 – Taiwan posted a current account surplus of $7.92 billion in the fourth quarter, compared with a revised $11.18 billion surplus during the same period a year earl5368709141768256044 Figures in the table are in millions of U.S. dollars: Q4 2008 Q4 2007 Current Account 7,920 11,180* Balance of payments 12,960 5,240 Source: Central bank Note: * indicates revised figures lithium battery 过滤机 passenger elevator 高速搅拌机 混合机 电磁流量计 FAX DM
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Shandong – Jinan High-tech Industrial Development Zone Published: 10 Apr 2009 16:22:29 PSTJinan High-tech Industrial Development Zone (including Jinan Export Processing Zone)Facts&Figures (2007)RatingYear of EstablishmentJinan HIDZ: March 1991Jinan EPZ: March 2003Land Area15.9 km2LocationJinan, ShandongValue-added Industrial OutputRMB 16.9 billionFDIN.A.Utilized FDIN.A.Major InvestorsLG, SK, Panasonic, Suzuki, Nec, Siemens, Pepsi, Sinotruk, Jili Auto, Inspur GroupMajor Industries EncouragedAutomobiles, electronics and IT, food processing, pharmaceuticals and machinerySource: Administration Committee of Jinan High-tech Industrial Development Zone (lithium polymer 滤油机 dental bearings 静态混合器 分散机 电磁流量计 翻译公司
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Nanjing memorial itemsPublished: 13 Dec 2009 08:02:01 PSTSixteen new items have been donated to the Memorial Hall of the Victims in the Nanjing Massacre. They were given by a Japanese man who has previously donated more than 1,000 items to the memorial hall.The new items include a copy of Japanese newspaper Osaka Mainichi Shinbun from September 20, 1937, which carries a report of Japanese aircraft bombing on Nanjing in east China’s Jiangsu Province.The most valuable pieces, according to Zhu Chengshan, curator of the memorial hall, are 13 photos and an envelope."The photos were shot by a military o. cer in February 1938 and sent to his daughter," Zhu said. He added that the photos depicted scenes of damaged Nanjing and slaughtered citizens in the city.Pointing at a photo that showed scattered bodies, he said, "they are the best evidences of history, in which Japanese troops committed bloody atrocities in Nanjing."Sunday marked the 72nd anniversary of the massacre that killed more than 300,000.Xinhua Explore the World, Understand China!Please log on http://www.gloaltimes.cn宁波旅游 Aloe vera RTA cabinets 汽水混合器 无重力混合机 工作流 外国為替
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Official: China Should Have More Say in Global Iron Ore TradePublished: 13 Aug 2009 19:00:34 PSTAs the world’s largest iron ore buyer, China should have more say in the global iron ore trade, Industry and Information Technology Minister Li Yizhong said Thursday.”Spot prices of iron ore are increasing sharply on the global market and we hope to see an appropriate relationship between spot prices and long-term contract prices,” Li said at a press conference.He said he hoped the world’s major iron ore suppliers would consider both their own long-term interests and their long-term cooperation with China’s steel industry.According to customs statistics, China imported 355.3 million tonnes of iron ore in the first seven months this year, an increase of 31.8 percent from a year earlier.(Xinhua News Agency August 13, 2009)lithium battery 北京翻译公司 cheap kitchen cabinets miniature bearings 粉体混合机 香港花店 外国為替
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The Dragon and The Samurai To The RescuePublished: 30 May 2009 19:50:59 PSTAuthor: Shu-Ching Jean ChenIs it time to create Asia’s answer to the West’s International Monetary Fund? More From Forbes.com: In Pictures: CEOs Share Their Networking Secrets Facebook’s New Perspective In Pictures: 30 Social Networking Terms You Should Know In Pictures: The Year’s Biggest Data Breaches A New Vision For Online Entertainment The ten ASEAN countries in South East Asia, plus their three heavyweight neighbors in the north — China, Japan and South Korea — apparently think so. The current financial crisis is the main catalyst, but the idea would go nowhere without the dragon and the samurai — China and Japan — agreeing to temporarily suspend their mutual suspicion. A key breakthrough came early this month when ASEAN plus three, as these countries are known as a group, finally agreed in Bali to create a US$120 billion regional reserve fund. The deal came after China and Japan, the two largest contributors to the fund, buried their hatchets and agreed to each fork out an equal sum, or 32% of the total needed to create the fund.If the regional reserve fund succeeds, it would represent the first regional institution in Asia that is blessed with real financial power and with teeth to enforce discipline among members. But the hard part is only beginning, with negotiations to set up a multilateral surveillance institution now under way. The success, or the lack of it, will determine how far Asia will move towards regional integration. Hadi Soesastro, senior fellow of Jakarta-based Centre for Strategic And International Studies, said the new institution wasn’t designed ”to replace the IMF, but to supplement it.”But first, there are details to be worked out. For a start, how the voting power would be vested is an issue of contention. Both China and Japan, as well as South Korea, the third-largest contributor to the fund, favor following the quota system used by the IMF. That gives big contributors a greater say in decision-making. Together, the China-Japan-Korea trio agreed to commit 80% of the fund, theoretically giving them 80% of the weight in decision-making, based on the IMF model. The idea, naturally, does not sit well with the ten ASEAN countries, which would be left with a mere 20% vote jointly.If there were any chance for this proposal to be accepted, analysts suggest, it would be in the forming of informal alliances such as for ASEAN nations to vote as a bloc with Japan, or with South Korea, for example, to balance China’s power. The intense behind-the-scenes juggling already bodes ill for the creation of a surveillance institution that can rise above the fray. The two largest economies in Asia, Japan and China, have long been reluctant to see the other winning the upper hand for power and influence in the region.South Korea, the other major contributor to the fund, is trying to play the significant other in the triangle relationship, without appearing to take sides.”Monetary cooperation is difficult to do without an independent supra-national institution,” says Klaus Regling, an EU Fellow at Lee Kuan Yew School of Public Policy, and formerly Director-General for Economic and Financial Affairs of the European Commission. ”Coordinating crisis management, organizing one Asian voice in international forums, all that would be very difficult to achieve without an independent regional institution that can provide critical political input.” Japan set the ball rolling at the height of Asian financial crisis in 1997 by suggesting the creation of an Asian Monetary Fund, a proposal spurned by the U.S. and IMF as it was seen as an alternative to the bitter medicine the IMF prescribed to cash-strapped Asian countries including Thailand, Indonesia alithium polymer 弹簧 kitchen cabinets wholesale skateboard bearings in stock kitchen cabinets Aloe vera MBA
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JPMorgan lowers forecast of China’s GDP growthPublished: 18 Dec 2008 02:35:07 PSTDec. 18, 2008 (China Knowledge) – U.S.-based financial holding company JPMorgan Chase & Co revised its forecast of China’s GDP growth for the fourth quarter to 7.5% from the previous 7.7% due to the negative impact of the U.S financial turmoil on the world’s fastest-growing economy, sources reported. JPMorgan also cut its forecast of China’s economic growth for 2009 to 7.8% from 8% the company had estimated earlier, considering the prospect of a deeper and longer global recession. The U.S. company, nevertheless, said it would remain its forecast of 9.2% for 2008 unchanged. Policymakers in Beijing has unveiled a series of measures to help stimulate domestic demand and partially offset negative impacts from shrinking external demands, such as lowering tax, increasing infrastructure investment and raising lending quotas.However, JPMorgan estimated that the private sector would contribute about 3% to the total GDP growth, while contribution from the government’s stimulus package was expected to stand at 5%. Copyright © 2008 http://www.chinaknowledge.comSend feedback or comments to: news@chinaknowledge.comFor more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: To access our page on Bloomberg, type CKFI Related TopicsChina News弹簧 搅拌机 rta kitchen cabinets kitchen cabinets ready to assemble kitchen cabinets 深圳南山搬家公司 混合机
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China may help Vietnam build nuclear power plantPublished: 24 Feb 2009 22:17:53 PSTFeb. 24, 2009 (China Knowledge) – China Guangdong Nuclear Power Group (CGNPG), one of China’s two major nuclear power plant operators, recently signed a letter of intent with Vietnam’s main power company to help construct its first nuclear power project, said CGNPG on Tuesday on its website.The plant will be situated in Ninh Thuan, a southern coastal province in Vietnam, and will have two 1,000-MW reactors, according to an unnamed CGNPG official.Vietnam, which has no nuclear power plants at present, intends to establish nuclear power projects with total generation capacity of 4,000 MW by 2021. The country has conducted a feasibility study, and will submit its report to its congress for approval.China faces competition from companies in other countries, including Japan, for this project, added the official.Copyright © 2009 http://www.chinaknowledge.comSend feedback or comments to: news@chinaknowledge.comFor more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: To access our page on Bloomberg, type CKFI Related TopicsChina News混合机 分散机 kitchen cabinetry bathroom vanities solid wood kitchen cabinets 深圳福田搬家公司 混合机
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Giforce Agri-Machinery’s shares up 98.93% in ChiNext debutPublished: 30 Oct 2009 01:56:13 PSTMore From ChinaKnowledge.comChina Economy DataChina Business GuideChina DemographicChina Industrial ParksChina Financial MarketOct. 30, 2009 (China Knowledge) – Sichuan Giforce Agricultural Machinery Chain Co Ltd <300022>, the No.1 operator of agricultural machinery chain in China, debuted on the ChiNext Board on the Shenzhen Stock Exchange today, and its shares jumped 98.93% above its IPO price on its first day of trading.Shares of the company started trading at RMB 32.25, a price 81.69% higher than the IPO price. They surged 173.24% after the opening and climbed to RMB 48.5 in the morning session. After fluctuating between RMB 51.8 and RMB 28.5, the shares closed at RMB 35.31. 16.18 million shares changed hands during the day. The company raised RMB 123.89 million by issuing 22.4 million shares, or 25.07% of the company’s enlarged capital. Hong Yuan Securities Co Ltd<000562> was the underwriter of the offering. Sichuan Giforce Agricultural Machinery Chain posted nearly RMB 1.1 billion of operating revenue in the third quarter of this year, with net profit standing at RMB 28.97 million during the period.Copyright © 2009 http://www.chinaknowledge.com纯水设备 uv灯 外汇保证金 kitchen accessories 混合机 lithium 3.6V battery 管理咨询
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China Minmetals says no plan to bid for Rio TintoPublished: 27 Nov 2008 01:58:03 PSTNov. 27, 2008 (China Knowledge) – China Minmetals Corp, the country’s largest state-owned metal and mineral producer and trader, said that, by far, it has no plan to bid for Australia-based Rio Tinto Ltd.The announcement came after BHP Billiton Ltd had abandoned its takeover bid for Rio Tinto. He Jinglin, media manager with China Minmetals, said he had not heard of any plan released by the company on such a deal.The official added it is difficult to figure out whether it would be an opportune time to join the bid under the current market situation.Last week, China Minmetals has inked financing framework agreement with Chinese and Peru lenders on a mine project in Peru, according to China Knowledge’s earlier report.Copyright © 2008 http://www.chinaknowledge.comSend feedback or comments to: news@chinaknowledge.comFor more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: To access our page on Bloomberg, type CKFI Related TopicsChina News激光切割机 分散机 外汇保证金交易 港澳游 Share trading 联轴器 古镇
Gov’t or Industrial diamond ders boost vaccine makers
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Gov’t orders boost vaccine makersPublished: 28 Oct 2009 09:02:01 PSTA woman checks the first batch of H1N1 vaccine in the center for disease control and prevention in Yangzhou, Jiangsu Province last week. Altogether 90,000 doses of H1N1 vaccine were distributed to Yangzhou for free. Photo: CFPBy Chen YangDomestic vaccine companies are benefiting from the government’s surging orders for A (H1N1) vaccines, but analysts warn their performance is directly related to the spread of the flu.The Ministry of Industry and Information Technology has ordered over 42 million doses of vaccines from seven domestic producers since Monday, including more than 11 million from Henan-based Hualan Biological, 5.19 million from Beijing-based Sinovac Biotech, and around 3 million from Beijing-based Tiantan Biological. All the orders are due for delivery by December 12.A total of 26 million doses will be delivered by the end of October, and another 100 million doses will be ordered by the end of this year, said Deng Haihua, spokesman of the Ministry of Health, at a September press conference.The 126 million doses of the vaccine purchased by the government will cover about 10 percent of the country’s population, said Guo Fanli, an analyst at Shenzhen Zhongzhe Investment Consultant (SZIC), adding that this rate is still lower than the 30 percent in developed countries including the US.Only eight Chinese companies are qualified to produce A (H1N1) vaccines, and their productivity does not compare with their foreign counterparts such as Swizerland’s Novartis Pharmaceuticals, which could produce 180 million to 240 million doses per year, said Liu Peicheng, spokesman of Sinovac Biotech.Liu said his company could reach a yearly production capacity between 20 million and 30 million, the average level of the eight companies. Hualan Biological, which has received the largest order, could reach a yearly production capacity of 90 million.SZIC’s Guo said the government would speed up its vaccine orders, as fears escalate of a large-scale outbreak of A (H1N1) flu triggered by the rising number of cases in the US.The government’s purchase price of the vaccine is 22 yuan ($3.2) per dose, and they are provided to the public for free. In the global market, the vaccines are sold at around 100 yuan ($14.7) per dose."Our company can earn high profits by producing A (H1N1) vaccines because of government demand," Sinovac Biotech’s Liu said.He added the production of A (H1N1) vaccines would not affect their company’s other business. "Our ordinary flu vaccines, which share the same production facilities with A (H1N1) vaccines, are produced between February and July. We began to produce A (H1N1) vaccines late July," he said."However, investors should not be too optimistic about the vaccine sector, as their performance will depend on how A (H1N1) expands in the future," said SZIC’s Guo, adding that the government orders could help brand recognition.on Wednesday’s stock market reflected investors’ caution toward vaccine producers. Hualan Biological dropped 1.82 percent to 56.65 yuan ($8.33), and Beijing Tiantan fell 3.75 percent to 28.51 yuan ($4.19).The A (H1N1) influenza will raise people’s awareness of vaccine injections, and thus benefit the vaccines industry in the long term, said Sinovac Biotech’s Liu. Explore the World, Understand China!Please log on http://www.gloaltimes.cn螺条混合机 搅拌机 搅拌机 港澳游 furniture legs 翻译公司 bldc motor