In a major scandal last year, Changchun Changsheng Life

Sciences, a vaccine producer in Changchun, Jilin province, faked production records and used expired material for the production of rabies vaccines over the past four years.

The company was ordered to suspend production, and senior executives

were detained and face criminal charges. The company was ordered to pay fines of 9.1 bi

llion yuan ($1.3 billion) for violations, one of the heaviest fines imposed on a pharmaceutical company over the past few years.

Following the revelations, top officials vowed harsh penalties and reform of the vaccine super

vision system to eliminate loopholes. A new law on the management of vaccines was drafted for review.

Fang Laiying, former head of the Beijing Municipal Health Commission, said he has faith in the overall safety of drugs in Chi

na, but individual cases involving violations of the law can tarnish the image of the whole pharmaceutical sector.

“The government is intensifying its efforts in cases involving violations of drug safety laws, including severely puni

shing criminals and setting up strict accountability systems to improve supervision of the sector,” he said.

Gao, the CDC head, said major infectious diseases such as dengue fever and AIDS will continue to be the priority in disease prevention and control this year.

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Premier financial magazine bullish on Chinese stocks market

Chinese stocks market surged on Monday with benchmark indices in Shanghai and Shenzhen jumping over 5 percent, mak

ing daily turnover break through 1.04 trillion yuan ($155.5 billion), a new record since 2015. The Barron’s, a fin

ancial weekly published by Dow Jones & Company, said the performance of Chinese stocks is much better than the S&

P 500. Global investment management corporation BlackRock also suggested lasting gains of the bull market.

Barron’s said the CSI 300 index, which tracks the largest stocks traded in the Shanghai and Shenzhen

stock exchanges, rose 6 percent on Monday, with a year-to-date gain of nearly 24 percent, twice the gai

n in the S&P 500, making the CSI 300 index one of the best performing indices globally in 2019.

The ongoing finance sector reforms and further industry open-up could also help boost the Chinese economy and the stock market, the Barron’s report said.

China’s financial system has great potential in helping stabilize the economy, a previous China Daily report said, adding that the co

untry will deepen supply-side structural reform in the financial sector and strengthen the sector’s ability to serve the real economy.

stgongchen.cn

Green Book’ wins on Oscar night marked by inclusiveness

  ”Green Book” won best picture at the Oscars, marking the final twist on a night of historic firsts, filled with suspense until the final prize.

  Despite controversies surrounding the film, and many outspoken critics, the per

iod drama about race relations in the 1960s felt like a more conventional best-picture choi

ce than its two top rivals, both of which had to overcome key hurdles: “Black Panther” represented the fi

rst superhero movie to earn such recognition, while “Roma” not only would have been the first foreign-lan

guage winner, but was likely hobbled by those who still see its distributor, Netflix, as an upstart in the movie world.

  The Oscars compensated for a host-free ceremony with a nigh

t of breakthroughs, moving briskly through the categories in a concerted effort to sh

orten the run time, amid a night marked by greater inclusiveness and that spread the wealth among the nominees.

  Award voters extended honors to a number of blockbusters, including “Black Panther,” which

earned several technical awards; and “Bohemian Rhapsody,” the biography of Queen and the band’s fron

tman, Freddie Mercury, earned four Oscars — the most of any film — including Rami Malek’s first for the central role.

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multi-level banking system with wide coverage and div

  erse expertise should be established, while personalized and differentiated financial products that suit market demand should be developed, he said.

  The number of small and medium-sized financial institutions as well as their proportion o

f businesses should be increased, while financial services to the small and micro firms as well as agr

iculture, rural areas and rural people should be improved, Xi said.Xi stressed the need to establish a standard, tra

nsparent, open, dynamic and resilient capital market that has sound fundamental institutional arrangements, pr

oper management on market access and exit and tightened full-process supervision on transactions.

  He said that financial services conducive to the development of industr

ial, market, regional and green development systems of a modernized economy shall be provided.

  An all-around and multi-level financial service system including ve

nture capitals, bank loans and bond and stock markets shall be put in place, he said.

chuangxiangjie.cn

DPRK leader leaves Pyongyang for Hanoi for second DPRK

PYONGYANG — Kim Jong-un, top leader of the Democratic People’s Republic of Korea (DPRK), left here Saturday afternoon by train f

or Vietnamese capital Hanoi for the second DPRK-US summit, the official Korean Central News Agency (KCNA) reported Sunday.

Kim will meet with US President Donald Trump there on Feb 27-28. Their first meetin

g was held in June 2018 in Singapore, which resulted in improved bilateral relations.

Kim will pay an official visit to Vietnam at the invitation of Vietnamese President Nguyen Phu Trong before his meeting with Trump.

Kim was accompanied by Kim Yong-chol, Ri Su-yong, Kim Phyong-hae and O Su-yong, members of th

e Political Bureau and vice-chairmen of the Central Committee of the Workers’ Party of K

orea (WPK), Ri Yong-ho, member of the Political Bureau of the WPK Central Com

mittee and foreign minister, No Kwang-chol, alternate member of the Po

litical Bureau of the WPK Central Committee and minister of the People’s Armed Forces, among others, said the KCNA.

Kim was seen off at Pyongyang Railway Station by Kim Yong-nam, Choe Ryong-hae and Pak Pong-ju, members of the Presidium of the Political Bureau of the Cen

tral Committee of the WPK, and other senior officials of the party, government and armed forces, said the KCNA.

headun.cn

A screenshot of the Weibo account of the Nanchang Fire

A residential building located at Xihu district in Nanchang, Jiangxi province, collapsed on Sunday morning, trapping people under the rubble, according to CCTV.

By 11:00 am, three people, including two adults and one child, were successfully pulled out by the fire department. They suffered minor injuries.

The second and third floor of the three-story building, which is

made of wood and bricks, collapsed. The accident trapped three households.

The search-and-rescue operation is underway.

BEIJING – China will further enhance physical activities in primary and sec

ondary schools and promote students’ interests, said the Ministry of Education Friday.

Provincial-level regions in China have clearly included physics as

a subject scored in senior high school entrance exam, according to the ministry.

Details to evaluate the subject of physics are based on local conditions, it

said, adding swimming is used to assess the score in certain regions.

In 2016, the ministry released a guideline aiming to establish a senior high school ent

rance exam system based on both academic performance and comprehensive quality

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However, a one-hour extension is less time than many

  voters have spent in line to cast their ballots in the crucial election.

  The incumbent, Muhammadu Buhari, 76, is running against 71 other ca

ndidates, but his main challenger is Atiku Abubakar, a 72-year-old business tycoo

n and former vice president. They are both Muslim candidates from the north of the country.

  When Buhari, a former military ruler, was elected in 2015, it wa

s the first peaceful transition of power in Nigeria. He promised to offer a clean sweep of the old

routine, but many have been left disillusioned and angry at the rising levels of inequality and extreme poverty.

  More than 84 million people registered for the vote in Africa’s largest economic p

ower, according to data from the Independent National Electoral Commission.

  Videos have surfaced on social media reportedly showing the burni

ng of ballot papers and disruption of the electoral process in various parts of the country.

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In addition to the bomb blasts in Maiduguri, the Nigerian army

  said its troops had also repelled an attack Saturday morning by suspected militants on a security outpost in Geidam village in Yobe state.

  No one was injured, according to Col. Sagir Musa of the Nigeria army, who said the attempt would not affect voting in the area.

  ”The situation is calm and peaceful,” Musa said in a statement. “Peop

le have largely turned out to cast their votes without any hindrance.”

  The election delay has increased tensions in Nigeria, and there

have been instances of violence in the lead-up to the vote. The British and US governments hav

e warned they would deny visas to, and could prosecute, anyone found inciting violence during the election.

  Last week, a terror group with links to ISIS claimed responsibility for a deadly at

tack in Maiduguri on a motorcade carrying Kashim Shettima, the governor of Borno state.

  Shettima escaped unscathed. Isa Gusau, the governor’s media aide, told CNN on Thursday that the ambush killed three p

eople, although locals put the death toll much higher. The terror group claimed that 42 people died in the assault.

shlfec.com

Guaido has been working with a raft of global partners to br

  Venezuelans desperately needed food and medical supplies. The White House urged the Venezuelan military to allow aid into the country in a statement Friday.

  ”The United States strongly condemns the Venezuelan military’s use of force against unarmed civilians and innocent v

olunteers on Venezuela’s border with Brazil,” White House press secretary Sarah Sanders said.

  ”Egregious violation of human rights by Maduro and those who are following his orders will not go unpunished. The Unite

d States strongly urges the Venezuelan military to uphold its constitutional duty to protect the citizens of V

enezuela. The Venezuelan military must allow humanitarian aid to peacefully enter the country. The world is watching.”

  Aid is piling up on Venezuela’s border. Here’s why it’s not getting in

  The violence came as dueling concerts kicked off on the country’s western border with Colombia, where aid deliver

ies from the United States have been languishing since Maduro blocked the Tienditas Bridge.

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This year I saw the greats of the Obama-era Iran nuclear

  deal breeze between meetings in a way impossible at the height of those negotiations.

  Yet a few years later, their sage experience is the valued currency of many backroom conversations.

  John Kerry’s sidekick, Wendy Sherman, strolled down t

he street past former US Energy Secretary Ernest Moniz, also a member of the Iran nuclear dea

l negotiating team. He was loitering on a street corner waiting for a car. If you had a question for them, you could ask it.

  These people are the unseen grease in the cogs of international diplomacy.

  But the showstopper at the conference was the Yin and Yang of US foreign policy — delivered by Vice President Mike Pence and the guy who had the

job before him, Joe Biden.They spoke on the same day, but could not have been more different in tone, style and substance.

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