But Chang suggested that a cut in benchmark interest rate

LONDON Eddie Jackson Game Jersey , June 4 (Xinhua) -- Investigation into the incident of bacteria infection, which killed one baby and affected 14 others, has been launched, local authorities announced on Wednesday.


The Public Health England (PHE) and the Medicines and Healthcare products Regulatory Agency (MHRA) has confirmed that they are investigating 15 cases of blood poisoning caused by a bacteria known as Bacillus cereus.


Those affected babies were scattered at about six hospitals across England, receiving neonatal intensive cares as many of which were premature and very vulnerable.


MHRA said "one baby has sadly died but the others are responding to antibiotic treatment."


"The cases have been strongly linked with a number of batches of a particular form of intravenous liquid called parenteral nutrition which was given to the babies. This contains a variety of nutrients that are delivered directly into the babies' bloodstream when they have problems ingesting food via their mouth," MHRA said, adding that this batch of product is produced by ITH Pharma Limited.


The company has no formal responding for the incident, but recalled the product Wednesday afternoon.


London based Guy's and St Thomas's Hospital, where the one infected baby died, made a statement Wednesday saying that the bacterial infection in the neonatal intensive care unit at the hospital has been identified on Saturday.


The hospital said three babies there have been affected, but one of those died on June 1, and the other two are responding well to antibiotics.


MHRA has issued a Class 1 drug alert, and all neonatology units across the country have been informed being aware of the incident, although the product was only issued to a limited number of neonatal units.


"This is a very unfortunate incident and PHE have been working closely with MHRA to investigate how these babies could have become infected," said Mike Catchpole, PHE incident director.


"We have acted quickly to investigate this issue alongside MHRA and we have taken action to ensure that the affected batches and any remaining stock of this medicine is not being used in hospitals," said Catchpole.


BEIJING, June 14 (Xinhuanet) -- China’s economy improved mildly in May as retail sales and industrial production edged up although investment slowed slightly, the National Bureau of Statistics said yesterday.


Retail sales rose 12.5 percent from a year earlier to 2.12 trillion yuan (US$341 billion) last month. The pace accelerated from the 11.9 percent gain a month earlier. Industrial production added 8.8 percent, slightly faster than April’s 8.7 percent.


Fixed-asset investment growth, however, slowed to 17.2 percent in the first five months from the 17.3 percent rise in the January-April period.


“China’s economy is stabilizing,” said Li Maoyu, an analyst at Changjiang Securities Co. “After the pro-growth policies have deepened further, there will be more signs of recovery.”


Earlier this week, the People’s Bank of China said it will further cut the reserve requirement ratio for targeted banks, the second time it has done so in two months as it bids to support small companies and agriculture.


Seen as part of a mini-stimulus package, the other steps included tax breaks and quicker government spending in railway construction as growth was hit by a property slowdown.


Chang Jian, an economist at Barclays, expects further monetary easing because the central government is serious about achieving the 7.5 percent growth target for 2014.


China’s gross domestic product in the first quarter grew 7.4 percent, the slowest in six quarters and below the government goal.


But Chang suggested that a cut in benchmark interest rates would be a better policy option than the “blanket” reserve requirement ratio cuts.


“Lowering interest rates will help reduce the debt burden and cut financing costs given the economy’s high leverage and debt, elevated borrowing costs, and weakening demand,” Chang said.


China’s Consumer Price Index, the main gauge of inflation, rose 2.5 percent in May, the most in four months. Some analysts, however, see the inflationary outlook to be mild, allowing room to relax policies further.


Other data for May showed new bank lending and money supply rose faster than expected, while total fiscal spending by the central and local governments surged nearly 25 percent in May from a year earlier.


Some analysts expect the central bank to lower reserve requirements for banks across the country in coming months.


(Source:Shanghai Daily)


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