China Daily (Canada) - - SHANGHAI -

China made its first de­liv­ery of high-speed train parts to Europe re­cently, as three car­riages were shipped from Shang­hai to Mace­do­nia, ac­cord­ing to Shang­hai Cus­toms. Man­u­fac­tured by CRRC Corp Ltd (China Rail­way Rolling Stock Corp), the car­riages weigh a com­bined 125 tons and are val­ued at $5.34 mil­lion. They are de­signed for a max­i­mum speed of 140 kilo­me­ters per hour and have a life span of 30 years. From Jan­uary to July this year, there has been 5.29 bil­lion yuan worth of rail­way equip­ment ex­ported from the Shang­hai Cus­toms Dis­trict, up 73.1 per­cent year-on-year.

Ac­cord­ing to a rank­ing list pub­lished by Shang­hai Jiao Tong Univer­sity, Har­vard Univer­sity has again been rated the best among 500 global in­sti­tu­tions. This is the 13th time that Har­vard Univer­sity has topped the rank­ing sur­vey which started in 2003. There are a to­tal of 32 univer­si­ties from the Chi­nese main­land in the list, with four of them ranked among the top 150. The rest of the top 10 univer­si­ties in­clude Stan­ford Univer­sity, Mas­sachusetts In­sti­tute of Tech­nol­ogy, Univer­sity of Cal­i­for­nia, Berke­ley, Univer­sity of Cam­bridge, Prince­ton Univer­sity, Cal­i­for­nia In­sti­tute of Tech­nol­ogy, Columbia Univer­sity, Univer­sity of Chicago, and Univer­sity of Ox­ford.

Pfizer Inc was on Au­gust 26 fined 100,000 yuan for pay­ing four drug store chains to pro­mote its prod­ucts. Author­i­ties had also con­fis­cated 2.96 mil­lion yuan worth of illegal rev­enue. This is not the first time the com­pany has been slapped with a fine for in­ap­pro­pri­ate pro­mo­tion of its prod­ucts — Pfizer was in 2009 fined $2.3 bil­lion for il­le­gally pro­mot­ing some of its drugs in the United States. The brand’s Vi­a­gra sales in Chi­nese main­land soared 47 per­cent year-onyear in 2014, with rev­enue grow­ing 18 per­cent in the same re­gion. This is a stark con­trast to its global sales fig­ures which are ex­pected to drop for five con­sec­u­tive quar­ters, ac­cord­ing to China Eco­nomic Net.

China’s cen­tral bank has cer­ti­fied 28 banks that can es­tab­lish free trade ac­count­ing units in the Shang­hai Free Trade Zone where 22,000 ac­counts have been opened, Xin­hua News Agency re­ported. There are cur­rently about 180,000 en­ter­prises with ac­counts from dif­fer­ent banks in the free trade zone, said Zhang Yong, an of­fi­cial from the Shang­hai Free Trade Zone ad­min­is­tra­tion com­mit­tee. “Ac­cord­ing to re­lated reg­u­la­tions, the ac­counts could fi­nance 330 bil­lion yuan from over­seas banks at the most, but the ac­tual amount loaned was only 7.5 per­cent,” added Zhang.

Stu­dents from five univer­si­ties in Shang­hai and the Univer­sity of Tel Aviv from Is­rael were given the op­por­tu­nity to demon­strate their un­der­stand­ing of World War II through art, and their works were on show at Shang­hai’s Changn­ing Li­brary from Au­gust 15 to Septem­ber 3. The show­case, which fea­tures 300 pieces of oil, wa­ter color and dig­i­tal paint­ings, will also go on tour till the end of this year at ma­jor univer­si­ties and other cul­tural lo­ca­tions in the city.

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