China media train fire on U.S. food giants over chicken scare

People walk out from a McDonald restaurant next to a KFC restaurant in TaiyuanSHANGHAI (Reuters) – Just weeks after Chinese authorities cleared Yum Brands Inc and McDonald's Corp of charges they had served chicken laced with excessive chemicals, local media are again attacking the iconic American firms, while barely reporting on the chances of Chinese restaurants selling similar meat. The official Shanghai Daily, citing a report from the central government's news portal china.com. …

China to offer up to $48,000 reward for food safety informers

BEIJING (Reuters) – China will offer up to 300,000 yuan ($48,200) as a cash reward to people who report on others who violate food safety laws, state media said on Tuesday, as the government tries again to crack down on a persistent problem. “Actions taken to report violations of food and drug safety laws will be rewarded,” state news agency Xinhua said. “The reward for each case, in principle, will not exceed 300,000 yuan.” Rewards will be paid out after the authorities confirm the veracity of the tip-offs, the report said. …

China to cut prices of more than 400 drugs from February

HONG KONG (Reuters) – China will cut prices of about 400 drugs for respiratory diseases, fever and pain by up to 20 percent from February, in a move to make medicines, including some products from Pfizer, GlaxoSmithKline and Novartis, more affordable. It will be the fourth such price cut since 2011 and is part of reforms since the early 2000s to make healthcare cheaper and more accessible. China’s National Development and Reform Commission (NDRC) said in a statement on Tuesday the latest round of price cuts involved 20 broad classes of medicines and would include specialty drugs. …

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