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Sanlu name sold for 7.3 million yuanPosted by Eric Mu on Wednesday, May 13, 2009 at 2:56 PM
At an auction of the assets of the failed dairy brand Sanlu held yesterday in Shijiazhuang, Hebei Province, the company name was sold for 7.3 million yuan to an anonymous bidder. According to an article carried in the Beijing Times, in 2006, before last year's melamine scandal destroyed the company, the Sanlu brand name was estimated to be worth 14.9 billion yuan. The Sichuan Earthquake stayed in the news today with reports on yesterday's commemorative activities. To mark the one year anniversary of the earthquake, a ceremony was held in Yingxiu township, the epicenter of the quake. President Hu Jitao and other government officials attended the ceremony. The big photo on the newspaper cover shows Hu laying a white chrysanthemum in front of a commemorative wall. Hu encouraged people to strive to complete in two years reconstruction projects originally scheduled for a three-year time frame. The flu remains in the news, too. After the mainland's first suspected case of influenza A(H1N1) was found in Sichuan Province on May 10, a second case was reported yesterday in Shandong Province. A 19-year-old man arrived in Beijing from Canada on May 7. After staying in Beijing for five days, the patient took the D41 train to Jinan, where he checked into a local hospital, where he remains under quarantine. At the bottom of the cover, a small headline reports that a new regulation governing the lottery is going to take effect on July 1 this year. According to the new rules, if a winner has failed to claim prize money two months after the release of the results, the money will be used for public service. The new rules also stipulate that the lottery distributors have the obligation to "rescue" buyers who show compulsive tendencies, and to report and prevent money from dubious sources from being put toward lottery purchases. Links and Sources
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Comments on Sanlu name sold for 7.3 million yuan
"Hu encouraged people to strive to complete in two years reconstruction projects originally scheduled for a three-year time frame."
Good formula for more tofu schools...
Editor of this website, can you tell us how you choose a piece of local newspaper from so many counterparts in China?
I am waiting to see the Nanguo Zaobao(南国早报) to be selected next time.
LCLT - that was my thought as well. You would think that by now China would have learned from giving local governments quotas that are at best unnecessary and at worst unrealistic.