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Bank of Communications soars as loans and fees take effect
China invests 26.6% more in factory, property
Chinese share prices stable after recent rises
China to close down 10,000 collieries by end of year
China's Chery to open auto factory in Iran
Chinese tire company up in arms over US recall
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China Mobile's first-half profit up 25.7%
China to reduce domestic flights, ban new airlines
ADB joins road network development in Guangxi, China
China to sell 1.55t-yuan special bonds in 3 batches
China pledges more affordable housing
Chinese carrier plans non-stop Beijing-Seattle flights
Industry
Domestic stocks slide over US housing-loan crisis
Urban residents in Beijing occupy 20-sqm-house area per capita
PetroChina oil reserves revised up
China's stock market still on the up, major index close to 5,000 points
Chinese share prices hit new high despite high CPI figure
More loans boost China Merchants Bank's profit
China to rectify and regulate drug market
BEIJING, Aug. 20 (Xinhua) -- China's drug watchdog has ordered a scrutiny of the country's drug and medical devices market to unearth unlawful behaviors and curb corruption.


Local government should step up efforts to scrutinize the entire process of research, manufacture, circulation and advertisement of drugs, and oversee the implementation of the Good Manufacturing Practice (GMP), which required companies to obtain a GMP certificate before being able to register new medicines, said a circular issued by the State Food and Drug Administration.


It urges local drug department to carefully verify the authenticity of the applications for medical devices, establish an evaluation system for drug safety, strengthen technologies of safety check and improve laws and regulation on drugs.


Zheng Xiaoyu, former director of China's State Food and Drug Administration (SFDA), was sentenced to death for corruption and dereliction of duty after approving fake medicine, which undermined the efficiency of China's drug monitoring and supervision.

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