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News from China
Woman who allegedly attacked ACT nurse sent back to hospital
2nd October 2018

 A woman who allegedly assaulted a mental health nurse at Canberra Hospital has been taken back to that hospital for a psychiatric assessment.

The woman appeared in the ACT Magistrates Court on Tuesday morning facing charges related to the alleged assault and property damage, as well as new unrelated charges for negligent driving and drug driving.
The woman allegedly assaulted a nurse in the hospital's adult mental health unit in September. The new charges related to a driving incident in July.
She told the court she had struggled with her mental health in recent years as her children had been taken into protective care and their father had been in the Alexander Maconochie Centre.
She said she had not had care of her children for five to six years, and in the past year she had had another baby and was still coming to terms with that child being taken into care.
The woman told the court she believed she had been given the wrong anti-depressant medication by police on Monday night and asked to be released on bail so she could go home and collect her medication, pledging to abide by any bail conditions.
Special Magistrate Kenneth Cush ordered the woman be taken to the hospital for a psychiatric assessment and for arrangements to be made to ensure she received the right medication for her condition before a decision could be made as to how to deal with the case.
Source: Canberra Times October 2, 2018
Subaru recalls more than 40,000 vehicles over potentially faulty brake
1st October 2018

 More than 40,000 Subaru vehicles have been recalled over potential brake issues.

The Australian Competition and Consumer Commission issued a national recall for Subaru Liberty and Outback vehicles with the model years 2010-2014, due to possible defects to the electronic parking brake
If the electronic parking brake (EPB) circuit board fractures, the warning light will illuminate and the EPB cannot be applied or released," the ACCC recall notice said.
"If this happens, the vehicle may be in breach of the Australian Design Rules (ADRs) for motor vehicles."
The ACCC warmed if the electronic parking brake could not be applied or released it could lead to an "increased risk of injury to the vehicle occupants and other road users".
Affected vehicle owners will be contacted by mail and should return their vehicles to their local Subaru dealer to be fixed for free.
Subaru drivers who own either a Subaru Liberty or an Outback model from 2010-2014 can also check if their vehicle is subject to the recall via the Subaru website.
The recall comes amid a nationwide recall of vehicles fitted with potentially deadly Takata airbags.
Almost 2 million vehicles still had airbags that needed replacing in August, while more than 1 million had already had their airbags replaced.
At the time, ACCC chairwoman Delia Rickard said drivers should not delay getting their airbags replaced.
"The airbags degrade over time and can become lethal by misdeploying and firing metal shards at the car's occupants."
For concerned drivers, the Federal Chamber of Automotive Industries has an online portal where vehicle owners can enter their vehicle's registration to see if it is affected by the airbag recall.
Source: Canberra Times, October 1, 2018
China, Japan obliged to defend multilateralism, int'l trade: Chinese FM
28th September 2018

 Chinese State Councilor and Foreign Minister Wang Yi said Thursday that both China and Japan are obliged to defend multilateral system and international trade.

Wang made the remarks when meeting with Japanese Foreign Minister Taro Kono on the sidelines of the United Nations General Assembly's 73rd session.
During the meeting, Wang said that as important neighbors and major economies, China and Japan should be jointly committed to multilateralism, maintain the international trading system, and safeguard international laws and rules.
China is willing to expand mutually beneficial cooperation with Japan in such areas as economy and trade, finance and innovation, and increase exchanges between youths and local governments, he said.
He added that the two countries have been engaged in a slew of active interactions for some time, and that they should value and protect such hard-won momentum, seek common grounds and manage disputes, so as to secure a stable and healthy bilateral relationship.
In achieving this, both nations need to draw lessons from the past ups and downs and even regressions in their ties, and address properly the problems hampering the healthy development of bilateral ties, such as issues concerning Taiwan and history, Wang said.
The Japanese side should put into practice its positive cognition that China's development is an opportunity for Japan, Wang emphasized.
Kono said it is a bliss to see bilateral ties have returned to normal.
The two countries share key responsibilities for regional peace and stability, and the significance of improving bilateral ties exceeds the bilateral scope, he said.
Kono expressed his appreciation to China for sending regards to Japan when his country was hit by a typhoon and an earthquake earlier this year.
Japan is ready to work with China to strengthen collaboration in various fields, properly handle disputes, and get fully prepared for the further development of bilateral ties, he said, adding that Japan hopes to enhance exchanges with China on international and regional issues.
Source: Shanghai Daily, September 28, 2018
Free trade zone ushers in an exciting era
26th September 2018

 Sweden-based Volvo Construction Equipment is a pioneer in tapping the opportunities of the five year-old Shanghai Pilot Free Trade Zone, with the creation of the zone’s first financial leasing company.

Under preferential policies initiated in the zone, Volvo Financial Leasing (China) Co was allowed to engage in a sideline commercial factoring business relevant to its main business.
Factoring refers to a type of debt finance in which a business sells its accounts receivable to a third party, or factor, at a discount to raise cash.
As one of Volvo’s four major headquarters, Jinqiao-based Volvo Construction Equipment accounts for about a fourth of the group’s global business around the world.
“Allowing financial leasing companies to engage in sideline commercial factoring business is a major breakthrough in the FTZ’s financial innovation,” said Zhan Xu, vice president and director of Volvo Construction Equipment. “It raises the level of financial leasing services and expands the scope of business.”
In the field of health care, the zone’s opportunities are also producing breakthrough results.
A drug to treat cancer has flowed to the China market quickly after its developer tapped the so-called Marketing Authorization Holder program.
Fruquintinib capsules, developed by Hutchison MediPharma, or Chi-Med, in the Zhangjiang Pharma Valley, is China’s first independently developed drug for the treatment of metastatic colon cancer. It was approved for public use by the National Medical Products Administration earlier this month.
The marketing authorization program was initiated in the free trade zone to enable pharma research and development groups to use contract manufacturers to produce drugs in China.
Previously, those groups had to build their own production facilities or transfer the technology if they lacked the funds to do so.
In essence, a license to manufacture drugs was tied to drug approval, a system that brought low returns to developers of new drugs.
“Without the new system, Fruquintinib would not have reached the shelves so readily,” said Dr Zhenping Wu, vice president of Chi-med.
The free trade zone has indeed been at the forefront of economic reform and decentralization.
A pioneer
By the end of June, 2,620 business projects had been launched there. Further opening-up in industries such as financial leasing, engineering design and travel agencies has made notable progress.
Among those achievements were China’s first reinsurance broker, the first foreign-funded vocational training institute, the first wholly foreign-owned yacht design company, the first foreign medical institute, the first wholly foreign-owned engineering design firm and the first foreign certification company to adopt international food safety standards.
Even cutting-edge electric car manufacturer Tesla Inc landed a deal with Chinese authorities to build a new auto plant in Lingang on the southeastern tip of the free trade zone.
The plant will be the first factory outside the US for the California-based company and will double Tesla’s global manufacturing capability.
The free trade zone reported 1.35 trillion yuan (US$197 billion) of exports last year, up 15 percent from a year earlier. That accounted for 38.6 percent of Shanghai’s exports during the period.
Annual container throughput at the Yangshan and Waigaoqiao ports totaled 36.38 million twenty-foot equivalent units, a measure of container cargo.
That ranked Shanghai as the world’s largest container port for an eighth year.
More than 54,000 companies are registered in the free trade zone, with nearly 10,000 of them foreign-invested.
The “negative list” that restricts foreign investment has been shortened from 190 items in 2013 when the free trade zone was established to 45 this year.
The approval process for companies in the zone has been shortened to three days from the previous three to six months. By the end of last year, the zone recorded more than 1,900 foreign investment projects.
A system has been implemented which provides for overseas shipments to enter the country without immediate customs clearance.
Logistics companies operating in the zone enjoy simplified customs, immigration and quarantine procedures. That reduces warehousing and logistics costs.
Never content to stand still, the free trade zone issued 25 rules in June to test the ground for further liberalization of the financial sector.
Under the rules, commercial banks would be allowed to form financial asset investment and management companies without any cap on foreign ownership, and foreigners would be allowed to take majority stakes in domestic life insurance companies based in the zone.
The zone will also issue intellectual property protection rules for the development of Internet, e-commerce, big data and related areas and accelerate the Shanghai-London Stock Connect.
President Xi Jinping has praised the Shanghai Free Trade Zone for significant progress.
“In general,” he said, “the original intention has been achieved.”
Source: Shanghai Daily, September 26, 2018

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