Pyramid crackdown
(China Daily)
Updated: 2006-09-25 16:23
Pyramid crackdown
The State Administration for Industry and Commerce
(SAIC) of China has launched a one-year-long nationwide crackdown on pyramid
selling in collaboration with the Ministry of Public Security.
The
crackdown will mainly focus on Guangxi, Guangdong, Shandong, Henan and 10 others
regions where pyramid selling is particularly rampant, a SAIC spokesperson said
last Wednesday.
The campaign will particularly target organizations
engaged in cross-regional pyramid selling, the recruitment of students into such
activities, and organizations that misrepresent reality to recruit their
members, accommodate them in dormitories and force them to engage in pyramid
selling, the spokesperson said.
Pyramid selling was outlawed in China in
1988. Years of crackdown, however, have failed to completely weed it
out.
China-US dialogue
High-ranking Chinese and US officials will
meet twice a year for wide-ranging discussions on their economic relationship,
the first such mechanism between the two nations.
The establishment of
the China-US Strategic Economic Dialogue was jointly announced by Vice-Premier
Wu Yi and visiting US Treasury Secretary Henry Paulson in Beijing last
week.
The dialogue will focus on bilateral and global strategic economic
issues of common interest and concern; and both sides intend to meet twice a
year in alternate capitals, according to a joint statement.
|
Ripe time for Shanghai Port 