Government Updates
China to assume gov control over vital drugs
Creating a "proactive, reasonable" rule of the game is crucial to the success of China's first basic medicine system, a core element in the new medical reform that aims to cut drug costs, experts have said.
China to tackle rural medical staff shortages under 2009-2011 plan
China will deal with shortages of medical staff in underdeveloped rural areas under medical system reform plans published in Beijing on Tuesday.
China faces $1.5bn software bill on healthcare, says IBM
China's planned Rmb850bn ($124bn) revamp of its ailing healthcare system will generate software spending worth at least $1.5bn, according to IBM's Chinese development laboratory.
Read moreWHO, MOH look to improve hospital safety
Hospitals must be able to provide care during emergencies, rather than become victims. "The tragedy of a major emergency or disaster is compounded when health facilities fail," said Margaret Chan, director-general of the World Health Organization (WHO).
China specifies investment of insurance fund on infrastructure projects
China's insurance industry regulator Tuesday specified the proportion of insurance fund that insurers were allowed to invest on infrastructure projects in an effort to lessen risks.
Read moreBank loans hit record in March
Chinese banks extended a record 1.87 trillion yuan in new loans in March, anticipating a possible economic recovery, a source said.
China's first national coal reserve base to be built in east China in Longkou
Shandong, as one of China's three largest coal producers, will start construction of a national coal reserve base in Longkou, with designed distribution capacity of 10 million tons for the first phase project, and long-term target of 50 million tons.
Steel group wants 40% cut in iron ore prices
CHINA'S steel group insists it wants a cut of at least 40 percent in annual term iron ore prices after a news report said Rio Tinto Ltd is offering a smaller discount before new annual contract negotiation ends.
China on recovery path: World Bank
The World Bank expects China to move toward recovery around the middle of the year and help the developing economies of Asia counter the weakest growth rates in more than a decade.