The China Dairy Industry Association (CDIA) recently commissioned a third-party testing organization to conduct a test of random samples of 25 brands of infant formula milk powder in the capital city of Beijing and the surrounding area. Of those tested, 13 were domestic brands; three were foreign brands produced domestically and manufactured in China, and 9 were imported products.
Xinhua: U.S. Engages “Double Standard” on Anti-Terrorism; It Is Like a Dog in the Manger
Xinhua published a commentary to rebut the U.S. State Department spokesman’s statement on the recent incident in Bachu County in Xinjiang, which the Chinese government characterized as violence and terrorism. The article said, “The U.S. not only did not condemn the incident; on the contrary, it criticized China’s ethnic and religious policies for no reason. This type of behavior of engaging in a ‘double standard’ in the fight against terrorism will, in the end, end up being a dog in the manger.”
Eighty Percent of the Imported Milk Powder Products in China Involves Fraudulent Packaging
According to a CCTV report, most of the milk powder that is sold in China and labeled as “imported” is fake. Reporters found that, in the infant milk powder area of several large supermarkets in Beijing, the vast majority of the shelves were filled with imported milk powder; very few were domestic products. However, they had never heard of many of the brands and those brands could not be found in the country from which they allegedly came. They were only sold in China. The reporter found that the labels on many of these milk powders were falsified. They were packaged as foreign OEM-milk. [Editor’s note: Due to numerous scandals involving Chinese domestic milk products, people don’t trust local brands.]
Xinhua: North Korea Asks Mongolia for Food
RFA: Seven Christian Church Members Sentenced in China
People’s Daily: Top Ten Companies That Suffered Large Losses are State Owned
Outlook: China’s Financial System Faces Danger
Iron and Steel Industry: Supply Exceeds Demand with High Cost and Low Profit
According to the China Iron and Steel Association, the sales for China’s Iron and Steel industry were up 0.94 percent to 875.8 billion yuan (USD$142 billion) in the first quarter of 2013, compared to the same period last year, while its first quarter profit reached $2.486 billion yuan (USD$400 million). Monthly profits in Q1 declined, with 1.3 billion (US$210 million) in January, 998 million (US$162 million) in February, and 267 million (US$42 million) in March. These figures suggest that, while the production volume remains high, it exceeds the weaker market demand. Predictions are that the overall iron and steel market will improve over last year. However it will continue to operate at a high cost and with low profit.
Source: People’s Daily, April 28, 2013
http://finance.people.com.cn/n/2013/0428/c1004-21312705.html