China’s GPD drops to 9%, the slowest growth in 5 years.
China is the latest victim of the global financial crisis, posting its slowest growth in five years. Monday’s figures released by the Chinese Bureau of Statistics showed the Gross Domestic Product for the third quarter stands at nine percent, well below estimates by Bloomberg economists.
Displaced Hangzhou farmers detained for petitioning in Beijing
Six displaced farmers from Hangzhou in Zhejiang province have been detained in Beijing after trying to petition with a joint letter from a hundred locals back home. The farmers were illegally detained and physically assaulted by Zhejiang officials stationed in Beijing, and have told SOH that it is too difficult to protect their [...]
Talcum powder found in flour from Shandong province
Flour has joined the list of food products made in China, found to be contaminated with dangerous additives. Recently, a flour mill in Shandong province’s Pingdu city has been found to contain talcum powder, with the factory allegedly adding large quantities of the substance over an extended period of time. Police [...]
Sales of Wandashan Injections suspended
Recently, three patients at a hospital in Honghezhou of Yunnan Province died from a “Ci-wu-jia” injection. Which was made from traditional Chinese medicine ingredients by Heilongjiang Province Wandashan Pharmaceutical Factory. Currently, an official decree has been issued to the drug manufacturer and pharmacies to suspend the operation and sale of this particular type of drug. [...]
Financial tsunami halts real estate development in China
With the impact of the global financial crisis, the already waning Chinese property market is facing increasingly severe times, with developers forced to sell off apartments at lowered prices, and some even having to stop already underway construction due to funding shortages, forcing residents to relocate.
Public transport system receives fake coin currency
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