China to expand work-related injury insurance scheme
China will expand the coverage of work-related injury insurance according to an amendment to the Regulation on Work-Related Injury Insurance released by the State Council Friday.
The current regulation includes only enterprises and small businesses and their employees in the system while the amended decree covers the country's public institutions, social groups, non-profit grass-root organizations, foundations, law firms and accounting firms.
The newly amended regulation, which has been approved and signed by Chinese Premier Wen Jiabao, will include injuries employees sustain when commuting.
Moreover, the new regulation raises compensation rates for each work-related injury.
The new regulation will take effect from Jan. 1, 2011.
China's 2011 money supply back to normal level: central bank official
China's central bank says China will bring its overall money supply to a normal level with a range of policy tools next year as the government shifts monetary policy from "moderately loose" to "prudent",.
Deputy Governor of the People's Bank of China (PBOC),Hu Xiaolian has told a meeting with bankers that China needs a shift to a prudent monetary policy to rein in rising consumer prices and curb asset bubbles.
China is facing tremendous inflationary pressures, with the country' s consumer price index (CPI), a main gauge of inflation, accelerated to a 28-month high in November of 5.1 percent.
Hu Xiaolian said the major task for next year's monetary policy will be normalizing money supplies, noting that the growth in money supply should be slowed from the pace during the implementation of a moderately loose policy.
China to overhaul dairy supervision before festivals
China's State Food and Drug Administration(SFDA) has moved to overhaul the supervision over country's dairy products in a bid to ensure food safety before the major Chinese festivals.
Local food and drug administrations have been ordered to increase supervision over the trade and consumption of diary products and ensure that dairy products are not mixed with non-edible substances or food additives..
The State Food and Drug Administration has asked restaurants to keep dairy product suppliers' contact information as well as valid documents which could help authorities identify the quality, specifications and expiration date of dairy products.
13 Vietnamese sailors rescued from sinking vessel in East China Sea
Thirteen of 17 Vietnamese crew members were saved by a Chinese rescue team after strong winds sank a Vietnamese ship near Minjiang estuary in the East China Sea on Friday evening.
The rescue team is still searching for the remaining four sailors.
North Korea may have new atom test: South
A research report from South Korea says North Korea could carry out a third atomic test next year.
The regular report by a South Korean Foreign Ministry institute was published after Pyongyang vowed a nuclear "sacred war" if attacked by the South, which is holding a major military drill near the border.
Pyongyang carried out nuclear tests in 2006 and 2009. A third test would raise tensions further on the divided peninsula.
Nuclear experts have also said they expect a third test soon, while South Korean media reported earlier this month that the North was digging a tunnel in preparation.
U.N. recognizes Ouattara as Cote de Ivorie's president
The U.N. General Assembly has recognized Alassane Ouattara as legitimate president of Cote d'Ivoire, after the United Nations said he beat Laurent Gbagbo in last month's presidential election.
Gbagbo has refused to quit following the election, sparking a political crisis that has killed more than 170 people.
Meanwhile, the Central Bank of West African States has blocked Gbagbo's access to Cote d'Ivoire's funds and has recognised Ouattara as president.
Lavrov rejects U.S. Senate resolution on START
Russian Foreign Minister Sergei Lavrov says that claims made about the resolution adopted by the U.S. Senate on the new strategic arms reduction treaty are not true.
Lavrov was quoted by media as saying "the Senate's resolution claims that the treaty does not apply to new kinds of non-nuclear strategic weapons that could be developed in the future, but this is not true."
According to the new treaty, both countries must reduce the number of their strategic missiles to 800 units, and reduce the number of warheads by one-third to 1550.
A senior Russian lawmaker says the lower house of parliament will not be able to give its full approval to the treaty until at least next month.
Bus crash kills 35 in Ecuador
At least 35 people died and 23 were injured when a passenger bus in the Ecuadorian coastal province Manabi went off the highway and fell 200 meters on Friday.
REports say there were about 65 people traveling on the bus to Quito when the bus hit a rock and a tree before it fell.
Thousands still stranded at Paris airport on Christmas Eve
After fresh snowfalls hit the north and east of France, over 2,000 passengers have been forced to spend the night until Christmas Eve at the Paris Charles de Gaulle airport.
According to French Civil Aviation Authorities, half of the flights at the airport were canceled until Friday noon local time due to the freezing weather.