Special Economic Zones Seek for Further Reforms

A landmark conference focusing on further reforms in Guangdong's special economic zones was held in Shenzhen today (November 19). Our journalist Zhangbin has the details:

Presided over by secretary of the Guangdong CPC Committee Wangyang, the plenary meeting featured speeches given by the heads of the 3 special economic zones in Shenzhen, Zhuhai and Shantou, and the two coastal economic open cities of Guangzhou and Zhanjiang. They stated new strategies to continue reforming. Head of the Guangdong Academy of Social Sciences, Liang Guiquan, pointed out that Shenzhen's administration reform is the biggest highlight of the conference.

"First, in accordance with the proper administration of modern society, Shenzhen will separate its decisive power, administrative power, supervisory power and executive power, so as to ensure proper restrictions and interactions. Secondly, Shenzhen will adopt a horizontal management structure, so as to simplify the administration and improve its efficiency and coordination." 

 (Guangdong CPC Committee, Wangyang, is offering flowers to the statue of Dengxiaoping in Shenzhen this morning(19th, November).)

Guangdong's Trade up 12.6%, Lower than National Level 

The latest figures announced by Guangdong customs show that Guangdong's total trade revenue for the first 10 months of the year reached 577.83 billion US dollars, up by 12.6% compared with the same period last year. The growth rate is lower than the National level, which is of about 24%. Furthermore, the figures show that Guangdong's imports and exports account for about 26% of the nation's total. 

China, U.S. to Station Food and Drug Inspection Offices Each Other

The U.S. Food and Drug Administration (FDA) will open three offices in China this week to help ensure that the products being exported to their markets comply with safety standards. At the same time, China is also preparing to do the same in the U.S. Mike Leavitt, Secretary of the Department of Health and Human Services (HHS) of the United States, announced that the first FDA office opened today (November 19) in Beijing, and will be followed by one in Guangzhou and Shanghai.

Chinese Shares Rebound 6% on Wall Street Rally