Vaccine factory planned
Local drug maker Medigen Biotechnology Corp (基亞) said on Thursday that a vaccine factory of its subsidiary is likely to be operational in 2016, with its production volume to be 3 million vials in the first year of its operation.
Annual production at the factory, located in the Hsinchu Biomedical Science Park (新竹生物醫學園區), will reach 5 million vials in the second year, it said. The factory has an annual capacity of 10 million vials, according to Medigen.
Hon Hai eyes display sector
Hon Hai Precision Industry Co (鴻海精密), which assembles iPhones and iPads for Apple Inc, is planning to set up a display plant in China to produce high-end screens for smartphones, the Wall Street Journal reported on Thursday.
The report said the investment in Zhengzhou, Henan Province, could amount to 35 billion yuan (US$5.7 billion).
Money supply growth cools
The nation’s M2 money supply, the broadest measure of money flowing through the banking system, rose 5.31 percent last month from a year earlier, but down from August’s 5.64 percent rise, while the M1B monetary aggregate rose 7.36 percent year-on-year last month, compared with August’s 7.56 percent increase, the central bank said yesterday.
The increase in M2 money supply last month marks the slowest growth in 15 months, while that in M1B monetary aggregate represents the lowest advance for 16 months, the bank said.
The bank attributed the slower growth to an increase in net foreign capital outflows, as well as slower growth in bank loans and investments.
For the first nine months of this year, M2 and M1B increased 5.77 percent and 8.29 percent respectively from the previous year.
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