Late on Saturday night, there are crowds at the arrival hall at Beijing airport.
The Tahiliani family walks past customs. Priti pushes her daughter Shonia in a small wheelchair.
Shonia's father Kishor has the luggage. They look around for a sign with their name on it. They have flown 5,000 miles from Bournemouth to be here.
"We're not nervous," says Kishor. "We're just trying something totally new. We actually hope something better will happen."
"Just keeping our fingers crossed," adds Priti. "We don't know what the future will hold, but we are just giving our best try as parents."
Their daughter Shonia has cerebral palsy. She is eight years old - but she cannot walk or talk. Her parents have raised £18,000 to bring her to China for stem cell treatment. It is something they cannot get back in the UK.
'The right thing'
A hospital minibus collects the family from the airport and takes them into Beijing. Shonia spends the journey quietly sitting on her mother's lap.
On Monday afternoon, the Tahilianis settle into their room on the ground floor of the Tiantan Puhua Neurological Hospital. Kishor leans over his daughter and gives her lunch.
In one corner, the family has set up a webcam. On the windowsill, they burn some incense. For the next three months this will be their home.
Soon, doctors will begin to remove stem cells from Shonia's bone marrow. And then they will inject the cells into her spine. The hospital hopes to give Shonia better mobility - but it doesn't promise a total cure. Her parents believe they have done the right thing by coming here.
"We are not hoping for drastic results like she will be totally normal," says Priti.
"I know what the reality is. No one has promised us anything. She's my only daughter and I wouldn't send her for a trial like a guinea pig... I wouldn't do that."
Doctors' concerns
Further along the corridor, in the hospital's exercise room, a physiotherapist throws a ball towards a patient.
Right now the hospital is giving stem cell treatment to seven foreigners.
One man has come from Hungary to try to recover from a stroke. One woman has come from London to get over a brain injury. She says her doctor back home doesn't know she is here.
But this hospital says that these patients - including Shonia - have every right to stem cell treatment.
"We give them a little hope," says Sherwood Young, the hospital's vice president.
"False hope?" I ask.
"No. We provide good hope."
"How do you know?"
"From the results."
"Documentation?"
"Yes, yes."
"Publications in medical journals?"
"Not really journals."
"Why not?"
"We haven't collected enough data and documentation yet."
This lack of publication concerns doctors in the UK. Many we have spoken to say they are worried that China is not following international procedure by skipping on proper peer review.
"As far as I know these treatments offered through this clinic in China have not been subject to those procedures," says Professor Colin Blakemore, the chief executive of the Medical Research Council.
"Nothing would be accepted for treatment in the NHS - or indeed any other developed country in the world - without proper evidence they do work and are not dangerous. And I don't know evidence for these kind of treatments in China."
Doctors in the UK suggest that there will be huge advances in stem cell therapies in Britain in the next 10 to 12 years. But the Tahilianis say they cannot wait that long.
In the hospital lobby, another family stops to say hello to Shonia. A little boy goes up to her wheelchair and shows her his toy dinosaurs. But Shonia can't grab the toys, and she can't even say hello. Her parents hope that, one day, this will change.
Monday, June 4, 2007
China unveiled plans to help prepare for climate change
China has unveiled its first national plan for climate change, saying it is intent on tackling the problem but not at the expense of economic development.
The 62-page report reiterated China's aim to reduce energy use by a fifth before 2010 and increase the amount of renewable energy it produces.
But it also repeated Beijing's view that responsibility for climate change rests with rich westernised countries.
The report comes ahead of a G8 meeting that will focus on global warming.
Germany, which is hosting the meeting of industrialised nations, is calling for a new UN protocol on climate change to replace the Kyoto pact when it expires in 2012.
China's role in the debate is crucial, as many analysts believe it could overtake the US this year as the world's largest emitter of greenhouse gases.
'Trailblazer'
China's new national plan on climate change offered few new targets on reducing greenhouse gas emissions, but outlined how it intended to meet the goals it has already set, analysts say.
This includes the use of more wind, nuclear and hydro power as well as making coal-fired plants more efficient, the document outlined.
But it also stressed that the country's first priority remained "sustainable development and poverty eradication".
"China is a developing country. Although we do not have the obligation to cut emissions, it does not mean we do not want to shoulder our share of responsibilities," Ma Kai, chairman of China's National Development and Reform Commission, said.
"We must reconcile the need for development with the need for environmental protection," he said, adding that China wanted to "blaze a new path to industrialisation".
He said rich countries were responsible for most of the greenhouse gases produced over the past century, and had an "unshirkable responsibility" to do more to tackle the problem.
"The international community should respect the developing countries' right to develop," he added.
The plan is a strong declaration of intentions, but so far China has missed almost every environmental target it has set itself, the BBC's Quentin Sommerville in Shanghai says.
The 62-page report reiterated China's aim to reduce energy use by a fifth before 2010 and increase the amount of renewable energy it produces.
But it also repeated Beijing's view that responsibility for climate change rests with rich westernised countries.
The report comes ahead of a G8 meeting that will focus on global warming.
Germany, which is hosting the meeting of industrialised nations, is calling for a new UN protocol on climate change to replace the Kyoto pact when it expires in 2012.
China's role in the debate is crucial, as many analysts believe it could overtake the US this year as the world's largest emitter of greenhouse gases.
'Trailblazer'
China's new national plan on climate change offered few new targets on reducing greenhouse gas emissions, but outlined how it intended to meet the goals it has already set, analysts say.
This includes the use of more wind, nuclear and hydro power as well as making coal-fired plants more efficient, the document outlined.
But it also stressed that the country's first priority remained "sustainable development and poverty eradication".
"China is a developing country. Although we do not have the obligation to cut emissions, it does not mean we do not want to shoulder our share of responsibilities," Ma Kai, chairman of China's National Development and Reform Commission, said.
"We must reconcile the need for development with the need for environmental protection," he said, adding that China wanted to "blaze a new path to industrialisation".
He said rich countries were responsible for most of the greenhouse gases produced over the past century, and had an "unshirkable responsibility" to do more to tackle the problem.
"The international community should respect the developing countries' right to develop," he added.
The plan is a strong declaration of intentions, but so far China has missed almost every environmental target it has set itself, the BBC's Quentin Sommerville in Shanghai says.
April 2005-China Protested Against Japanese Text Book
Anti-Japanese protests have erupted in China for the second day running, spreading from Beijing to the southern province of Guangdong.
The rallies follow a 10,000-strong march in the Chinese capital - the city's biggest protest since 1999.
Protesters are angry at a new Japanese history textbook which they believe plays down Japan's wartime atrocities.
Japan has protested to China after stone-throwing protesters attacked Japan's embassy in Beijing on Saturday.
Japan's foreign minister is to visit China next week to discuss "a number of bilateral and international issues", a spokesman for Japan's Foreign Ministry said.
Security measures
At least 3,000 people demonstrated at the Japanese consulate in the southern city of Guangzhou on Sunday, shouting for a boycott of Japanese goods and burning Japanese flags.
A Japanese diplomat said some windows in the consulate were broken.
Hong Kong cable television showed protesters with Chinese flags and banners reading "down with Japanese militarism".
The rallies follow a 10,000-strong march in the Chinese capital - the city's biggest protest since 1999.
Protesters are angry at a new Japanese history textbook which they believe plays down Japan's wartime atrocities.
Japan has protested to China after stone-throwing protesters attacked Japan's embassy in Beijing on Saturday.
Japan's foreign minister is to visit China next week to discuss "a number of bilateral and international issues", a spokesman for Japan's Foreign Ministry said.
Security measures
At least 3,000 people demonstrated at the Japanese consulate in the southern city of Guangzhou on Sunday, shouting for a boycott of Japanese goods and burning Japanese flags.
A Japanese diplomat said some windows in the consulate were broken.
Hong Kong cable television showed protesters with Chinese flags and banners reading "down with Japanese militarism".
SINGAPORE (AP) -- Asia is bracing for a dramatic surge in cancer rates over the next decade as people in the developing world live longer and adopt bad Western habits that greatly increase the risk of the disease.
Smoking, drinking and eating unhealthy foods -- all linked to various cancers -- will combine with larger populations and fewer deaths from infectious diseases to drive Asian cancer rates up 60 percent by 2020, some experts predict.
But unlike in wealthy countries where the world's top medical care is found, there will likely be no prevention or treatment for many living in poor countries.
"What happened in the Western world in the '60s or '70s will happen here in the next 10 to 20 years as life expectancy gets longer and we get better control on more common causes of deaths," said Dr. Jatin P. Shah, a professor of surgery at Memorial Sloan-Kettering Cancer Center in New York, who attended a cancer conference last month in Singapore.
"The habit of alcohol consumption, smoking and dietary changes will increase the risk of Western world cancers to the Eastern world," Shah said.
An estimated 40 percent of cancers worldwide can be prevented by exercise, eating healthy foods and not using tobacco, according to the World Health Organization.
But more people in Asia are moving into cities and becoming overweight and obese from inactivity. They are replacing fruits and vegetables with fatty meals full of meat and salt, which is leading to increases in stomach and colon cancers. Meanwhile, traditional diseases like malaria are killing fewer people -- building an aging population that's a prime target for cancer.
The effect is already startling, with the Asia-Pacific making up about half of the world's cancer deaths and logging 4.9 million new cases, or 45 percent, of the global toll in 2002.
That number is projected to leap to 7.8 million by 2020 if nothing changes, according to Dr. Donald Max Parkin, a research fellow at the University of Oxford who is a leading authority on global cancer patterns and trends.
China alone, with its booming economy and 1.3 billion people, is home to about one-fifth of the world's new cases, compared to about 13 percent in the U.S. and 26 percent in Europe, Parkin said. Heart disease remains the top killer in China, but cancer is a close second.
Cancer deaths are slowly dropping in the United States, with slight declines recorded in 2003 and 2004. A decrease in smoking, coupled with early detection and better treatment of tumors is credited with the positive results -- the first U.S. decline in cancer deaths since 1930.
Smoking on the rise
Smoking is on the rise in Asia, where it's common to see people lighting up in airports, restaurants and even hospitals. Lung cancer makes up the bulk of all cases regionwide, followed by stomach and liver cancers. It also remains the biggest cancer killer worldwide.
"Lung cancer is the big one because of cigarette smoking. There are many tobacco advertisements -- everywhere," said Dr. You-Lin Qiao from the Cancer Institute and Hospital in Beijing, who added that the odds are stacked against those diagnosed in China. "No matter if you're rich or poor, if you get lung cancer you die. There's no treatment at all."
While Americans and Europeans have been abandoning smoking, an estimated 300 million men are puffing away in China -- equal to the entire U.S. population. If nothing changes, a third of Chinese men under age 30 are predicted to die from tobacco, with lung cancer already the biggest cancer killer there.
Smokeless tobacco is also a big problem in Asia's other giant, India, where many men and women chew some form of tobacco. Mouth cancer makes up half of all new cases in parts of the country.
A lack of vaccines that prevent cancer-causing viruses is another obstacle for Asia, which is home to about three-quarters of the world's liver cancers, caused largely by Hepatitis B infections.
A vaccine guarding against the virus has been available since the early 1980s and is routinely given to children in Western countries, but it is still not reaching large swaths of the Asia-Pacific.
Some experts worry it could take years before the new vaccine for the sexually-transmitted human papillomavirus, or HPV, is available to women in developing countries. The three shots currently cost about $350 in the U.S. and are 70 percent effective against preventing HPV, the main cause of cervical cancer. It is already the No. 2 cause of cancer among women in Asia, after breast cancer.
"The problem is so huge that it's very difficult for us to know where to start," said Dr. Franco Cavalli, president of the nonprofit International Union Against Cancer. "All the new cancer treatments are so expensive, that already in the affluent countries we are not able to pay for them ... So imagine what that means for low-income countries where you have $20 a year per person for health expenditures."
Regular screening, such as pap smears and mammograms, is too costly for many poor countries. Treatment with radiation or chemotherapy is unfathomable for most. And in Asia, many patients seek help from hospitals in the late stages of disease after traditional medicine has failed to cure them.
Monika Bardhan of Malaysia's NCI Cancer Hospital has seen a dramatic increase in cancer patients over the past four years. "It's staggering. Every day I see a patient with breast cancer -- I just hold my own and say a prayer."
Source: CNN.Com International
Smoking, drinking and eating unhealthy foods -- all linked to various cancers -- will combine with larger populations and fewer deaths from infectious diseases to drive Asian cancer rates up 60 percent by 2020, some experts predict.
But unlike in wealthy countries where the world's top medical care is found, there will likely be no prevention or treatment for many living in poor countries.
"What happened in the Western world in the '60s or '70s will happen here in the next 10 to 20 years as life expectancy gets longer and we get better control on more common causes of deaths," said Dr. Jatin P. Shah, a professor of surgery at Memorial Sloan-Kettering Cancer Center in New York, who attended a cancer conference last month in Singapore.
"The habit of alcohol consumption, smoking and dietary changes will increase the risk of Western world cancers to the Eastern world," Shah said.
An estimated 40 percent of cancers worldwide can be prevented by exercise, eating healthy foods and not using tobacco, according to the World Health Organization.
But more people in Asia are moving into cities and becoming overweight and obese from inactivity. They are replacing fruits and vegetables with fatty meals full of meat and salt, which is leading to increases in stomach and colon cancers. Meanwhile, traditional diseases like malaria are killing fewer people -- building an aging population that's a prime target for cancer.
The effect is already startling, with the Asia-Pacific making up about half of the world's cancer deaths and logging 4.9 million new cases, or 45 percent, of the global toll in 2002.
That number is projected to leap to 7.8 million by 2020 if nothing changes, according to Dr. Donald Max Parkin, a research fellow at the University of Oxford who is a leading authority on global cancer patterns and trends.
China alone, with its booming economy and 1.3 billion people, is home to about one-fifth of the world's new cases, compared to about 13 percent in the U.S. and 26 percent in Europe, Parkin said. Heart disease remains the top killer in China, but cancer is a close second.
Cancer deaths are slowly dropping in the United States, with slight declines recorded in 2003 and 2004. A decrease in smoking, coupled with early detection and better treatment of tumors is credited with the positive results -- the first U.S. decline in cancer deaths since 1930.
Smoking on the rise
Smoking is on the rise in Asia, where it's common to see people lighting up in airports, restaurants and even hospitals. Lung cancer makes up the bulk of all cases regionwide, followed by stomach and liver cancers. It also remains the biggest cancer killer worldwide.
"Lung cancer is the big one because of cigarette smoking. There are many tobacco advertisements -- everywhere," said Dr. You-Lin Qiao from the Cancer Institute and Hospital in Beijing, who added that the odds are stacked against those diagnosed in China. "No matter if you're rich or poor, if you get lung cancer you die. There's no treatment at all."
While Americans and Europeans have been abandoning smoking, an estimated 300 million men are puffing away in China -- equal to the entire U.S. population. If nothing changes, a third of Chinese men under age 30 are predicted to die from tobacco, with lung cancer already the biggest cancer killer there.
Smokeless tobacco is also a big problem in Asia's other giant, India, where many men and women chew some form of tobacco. Mouth cancer makes up half of all new cases in parts of the country.
A lack of vaccines that prevent cancer-causing viruses is another obstacle for Asia, which is home to about three-quarters of the world's liver cancers, caused largely by Hepatitis B infections.
A vaccine guarding against the virus has been available since the early 1980s and is routinely given to children in Western countries, but it is still not reaching large swaths of the Asia-Pacific.
Some experts worry it could take years before the new vaccine for the sexually-transmitted human papillomavirus, or HPV, is available to women in developing countries. The three shots currently cost about $350 in the U.S. and are 70 percent effective against preventing HPV, the main cause of cervical cancer. It is already the No. 2 cause of cancer among women in Asia, after breast cancer.
"The problem is so huge that it's very difficult for us to know where to start," said Dr. Franco Cavalli, president of the nonprofit International Union Against Cancer. "All the new cancer treatments are so expensive, that already in the affluent countries we are not able to pay for them ... So imagine what that means for low-income countries where you have $20 a year per person for health expenditures."
Regular screening, such as pap smears and mammograms, is too costly for many poor countries. Treatment with radiation or chemotherapy is unfathomable for most. And in Asia, many patients seek help from hospitals in the late stages of disease after traditional medicine has failed to cure them.
Monika Bardhan of Malaysia's NCI Cancer Hospital has seen a dramatic increase in cancer patients over the past four years. "It's staggering. Every day I see a patient with breast cancer -- I just hold my own and say a prayer."
Source: CNN.Com International
Pakistan Blocked Geo News Channel
LAHORE, Pakistan (CNN) -- The Pakistani government has blocked the transmission of the Geo News TV channel, a company official said Sunday.
GEO News Managing Director Nasir Baig Chugtai told CNN that viewers called the Geo office asking why the transmission of "Meray Mutabik," a popular prime-time show, was halted.
During the last few programs, the show's anchor, Shahid Masood, criticized the government for recent bans and threats to journalists.
None of several government officials contacted by CNN would discuss the issue.
Information Ministry sources said cable operators were told Sunday night to block GEO TV's transmission, based on high-level orders.
On Sunday morning in Lahore, cable operators had warned national and international broadcasters that their channels would be blocked if they aired anything critical of the the Pakistani government.
Political parties, civil societies and journalist organizations condemned the bans and demanded the government allow the country's news media to operate without restrictions.
The Pakistan Broadcasters Association reviewed the restrictions during a meeting Sunday, after which they called the curbs an attack on the fundamental, constitutional right of expression.
The meeting participants passed a resolution requesting the government to show respect for the freedom of expression as guaranteed in the Constitution.
On Sunday, government officials told CNN that journalist Noor Hakkem and four other people were killed Saturday in a roadside bomb blast in Bajaur agency, the Pakistani tribal area near the border with Pakistan.
Hakeem was a correspondent for Daily Pakistan and vice president of the Tribal Union of Journalists.
GEO News Managing Director Nasir Baig Chugtai told CNN that viewers called the Geo office asking why the transmission of "Meray Mutabik," a popular prime-time show, was halted.
During the last few programs, the show's anchor, Shahid Masood, criticized the government for recent bans and threats to journalists.
None of several government officials contacted by CNN would discuss the issue.
Information Ministry sources said cable operators were told Sunday night to block GEO TV's transmission, based on high-level orders.
On Sunday morning in Lahore, cable operators had warned national and international broadcasters that their channels would be blocked if they aired anything critical of the the Pakistani government.
Political parties, civil societies and journalist organizations condemned the bans and demanded the government allow the country's news media to operate without restrictions.
The Pakistan Broadcasters Association reviewed the restrictions during a meeting Sunday, after which they called the curbs an attack on the fundamental, constitutional right of expression.
The meeting participants passed a resolution requesting the government to show respect for the freedom of expression as guaranteed in the Constitution.
On Sunday, government officials told CNN that journalist Noor Hakkem and four other people were killed Saturday in a roadside bomb blast in Bajaur agency, the Pakistani tribal area near the border with Pakistan.
Hakeem was a correspondent for Daily Pakistan and vice president of the Tribal Union of Journalists.
China's Stock Took a Tumble
SHANGHAI, China (Reuters) -- China stocks tumbled 8.3 percent on Monday in their second biggest drop this decade, erasing $340 billion in market value and extending big losses from last week after the government hiked the share-trading tax to cool a feverish bull run.
In an apparent attempt by authorities to restore confidence, front-page editorials in official newspapers tried to reassure investors the market's medium- and long-term outlook was still positive, and that the tax hike was merely aimed at speculators.
But that failed to stop selling by many of the anxious and often inexperienced individual investors who had jumped into the market in recent months for what seemed like easy money.
"This is obviously panic selling, and the sentiment is quickly spreading across the market," said Wang Jing, deputy general manager at Everbright Securities.
"But the fall is normal today, given the fact that the market has gone up so much. It won't be surprising if the index falls to about 3,000 points -- which would mean a 30 percent correction from the top."
However, many analysts and fund managers said they did not believe the government, which has made a strong stock market central to its economic reforms, would permit an extended slide which could fuel social unrest or threaten China's rapid economic expansion.
The key index has now lost 15.3 percent from last Tuesday's record intra-day high. A fall of 10 percent is an internationally accepted definition of a bear market in stocks.
Global stock markets, which were roiled by a heavy Chinese market sell-off in late February, appeared to be taking the latest slump in stride, though many Asian markets came off the day's highs as the rout in Shanghai worsened.
"I knew the market would go down, but I did not expect it would be this fast. After a small plunge, it should go up, but it is not going up," said Madame Wang, a pensioner in her 50s, who put some of her savings into stocks during the bull run.
"Next time I will remember -- once the market falls, I will sell all my stocks."
Many fund managers and analysts in Asia said the index, which had risen 62 percent this year to last Tuesday's close after surging 130 percent in 2006, had room to fall much further in coming days as the excesses of the bull run were corrected.
But many also said they did not believe the market as a whole was going into freefall.
Most worrying to analysts were deep falls in some of the blue chips favored by institutional investors, since those stocks had stayed firm last week even as speculative shares tumbled.
Oil refiner Sinopec, which had risen 16 percent over the final three days of the week, sank its 10 percent daily limit to 13.65 yuan.
Industrial & Commercial Bank of China, the country's biggest bank, dropped 8.1 percent to 4.99 yuan.
The Shanghai Composite Index ended the day at 3,670.401 points, its lowest level since April 25. Losing stocks overwhelmed gainers by 846 to 17, with about 466 shares plunging their 10 percent daily limits.
Turnover in Shanghai A shares was active at 143.0 billion yuan ($18.7 billion), but down sharply from Friday's 224.7 billion yuan, suggesting many investors were pulling out of the market.
"Most new retail investors are too speculative to envision the mid- to long-term positive market trend. Their exit will cause a market landing, be it hard or soft," Morgan Stanley said in a report.
Traders see strong technical support for the index around 3,600, where it briefly peaked in mid-April. That level would still leave the market up 35 percent from the start of this year.
"Since the index has even fallen below 3,700 now, I believe the correction is about over," said Zheng Weigang at Shanghai Securities.
Another disillusioned investor at an Everbright Securities branch in Shanghai's financial district, a woman in her 30s surnamed Xu, said:
"I used to have confidence in the stock market. But how can I have confidence now that it has fallen so much. I have no more confidence. Even if the government wants to regulate the stock market, it should not be done like this."
Copyright 2007 Reuters. All rights reserved.This material may not be published, broadcast, rewritten, or redistributed.
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In an apparent attempt by authorities to restore confidence, front-page editorials in official newspapers tried to reassure investors the market's medium- and long-term outlook was still positive, and that the tax hike was merely aimed at speculators.
But that failed to stop selling by many of the anxious and often inexperienced individual investors who had jumped into the market in recent months for what seemed like easy money.
"This is obviously panic selling, and the sentiment is quickly spreading across the market," said Wang Jing, deputy general manager at Everbright Securities.
"But the fall is normal today, given the fact that the market has gone up so much. It won't be surprising if the index falls to about 3,000 points -- which would mean a 30 percent correction from the top."
However, many analysts and fund managers said they did not believe the government, which has made a strong stock market central to its economic reforms, would permit an extended slide which could fuel social unrest or threaten China's rapid economic expansion.
The key index has now lost 15.3 percent from last Tuesday's record intra-day high. A fall of 10 percent is an internationally accepted definition of a bear market in stocks.
Global stock markets, which were roiled by a heavy Chinese market sell-off in late February, appeared to be taking the latest slump in stride, though many Asian markets came off the day's highs as the rout in Shanghai worsened.
"I knew the market would go down, but I did not expect it would be this fast. After a small plunge, it should go up, but it is not going up," said Madame Wang, a pensioner in her 50s, who put some of her savings into stocks during the bull run.
"Next time I will remember -- once the market falls, I will sell all my stocks."
Many fund managers and analysts in Asia said the index, which had risen 62 percent this year to last Tuesday's close after surging 130 percent in 2006, had room to fall much further in coming days as the excesses of the bull run were corrected.
But many also said they did not believe the market as a whole was going into freefall.
Most worrying to analysts were deep falls in some of the blue chips favored by institutional investors, since those stocks had stayed firm last week even as speculative shares tumbled.
Oil refiner Sinopec, which had risen 16 percent over the final three days of the week, sank its 10 percent daily limit to 13.65 yuan.
Industrial & Commercial Bank of China, the country's biggest bank, dropped 8.1 percent to 4.99 yuan.
The Shanghai Composite Index ended the day at 3,670.401 points, its lowest level since April 25. Losing stocks overwhelmed gainers by 846 to 17, with about 466 shares plunging their 10 percent daily limits.
Turnover in Shanghai A shares was active at 143.0 billion yuan ($18.7 billion), but down sharply from Friday's 224.7 billion yuan, suggesting many investors were pulling out of the market.
"Most new retail investors are too speculative to envision the mid- to long-term positive market trend. Their exit will cause a market landing, be it hard or soft," Morgan Stanley said in a report.
Traders see strong technical support for the index around 3,600, where it briefly peaked in mid-April. That level would still leave the market up 35 percent from the start of this year.
"Since the index has even fallen below 3,700 now, I believe the correction is about over," said Zheng Weigang at Shanghai Securities.
Another disillusioned investor at an Everbright Securities branch in Shanghai's financial district, a woman in her 30s surnamed Xu, said:
"I used to have confidence in the stock market. But how can I have confidence now that it has fallen so much. I have no more confidence. Even if the government wants to regulate the stock market, it should not be done like this."
Copyright 2007 Reuters. All rights reserved.This material may not be published, broadcast, rewritten, or redistributed.
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Follow Up China's Drug Administration Head Official
Disgraced official's name cannot be used to sell rat poison
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China's trademark administrator has rejected an application to register "Zheng Xiaoyu", the name of former head of drug watchdog, as a trademark for rat poisons.
"It is against China's trademark laws to use a name that has adverse effects on society as a trademark," said sources with the State Administration for Industry and Commerce.
Zheng Xiaoyu, former director of the State Food and Drug Administration (SFDA), was sacked for taking bribes and helping secure illegal profits for some drug companies.
On Feb. 28, Shenyang Feilong Pharmaceutical Company applied to use Zheng's name as a brand of rat poisons and pesticides.
Jiang Wei, the company chairman, admits he had a dispute with Zheng, when the SFDA labeled "Weigekaitai" produced by Jiang's company an inferior drug in 1999.
Although Zheng Xiaoyu remains under investigation, he still enjoys the right to protect the use of his name according to trademark laws, industry experts added.
Source: Xinhua
printResizeButton();
China's trademark administrator has rejected an application to register "Zheng Xiaoyu", the name of former head of drug watchdog, as a trademark for rat poisons.
"It is against China's trademark laws to use a name that has adverse effects on society as a trademark," said sources with the State Administration for Industry and Commerce.
Zheng Xiaoyu, former director of the State Food and Drug Administration (SFDA), was sacked for taking bribes and helping secure illegal profits for some drug companies.
On Feb. 28, Shenyang Feilong Pharmaceutical Company applied to use Zheng's name as a brand of rat poisons and pesticides.
Jiang Wei, the company chairman, admits he had a dispute with Zheng, when the SFDA labeled "Weigekaitai" produced by Jiang's company an inferior drug in 1999.
Although Zheng Xiaoyu remains under investigation, he still enjoys the right to protect the use of his name according to trademark laws, industry experts added.
Source: Xinhua
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