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China’s Wanda plans $2.3 bn investment in hospitals

Chinese conglomerate Wanda is venturing into healthcare, it said Wednesday, with a $2.3 billion investment in three hospitals in China, to be managed by a British company. Wanda, owned by China's richest man Wang Jianlin, has its origins in property development but is diversifying into areas ranging from entertainment to e-commerce as China's economy evolves. Wanda plans to fund hospitals in commercial hub Shanghai, southwestern metropolis Chengdu and the port city of Qingdao, the firm said in a statement, adding the 15 billion yuan ($2.3 billion) investment is the largest healthcare investment ever by a Chinese company.

Death toll from China blasts rises to 104, Xi urges changes

By Megha Rajagopalan TIANJIN, China (Reuters) – The death toll from two massive explosions that tore through an industrial area in the northeastern Chinese port of Tianjin has risen to 104, state media said on Saturday, as China's president urged improvements in workplace safety. Chinese President Xi Jinping said authorities should learn the lessons paid for with blood in Wednesday warehouse blasts, according to the official Xinhua news agency. China evacuated residents who had taken refuge in a school near the site of two huge explosions, state media said, after a change in wind direction on Saturday prompted fears that toxic chemical particles could be blown inland.

Western companies look hard at China as growth slows

The Chinese slowdown is forcing many Western companies to take a hard look at their businesses there, leading many to reduce investments, costs and product lines and to tackle increasing bad debts. Double digit growth rates during the first decade of the millennium lured scores of Western companies to invest heavily in China. A recent equities market rout has dashed hopes China will, in the coming years, return to the robust growth it saw in the past.

Peanuts may reduce risk of death, heart disease

Eating peanuts, in small amounts, may reduce the risk of mortality, especially death from cardiovascular disease, a new study Monday showed. Researchers found that consuming peanuts regularly reduced mortality among men and women from all groups, and suggests that eating the nuts — which are relatively affordable — can be an inexpensive and nutritious way to reduce mortality and cardiovascular disease around the world. “We found that peanut consumption was associated with reduced total mortality and cardiovascular disease mortality in a predominantly low-income black and white population in the US, and among Chinese men and women living in Shanghai,” said senior author Xiao-Ou Shu, associate director for Global Health at the Vanderbilt-Ingram Cancer Center (VICC). The risk of death from cardiovascular disease was slashed by between 23 and 38 percent.

China approves new polio vaccine, shows innovative muscle

China has approved a new polio vaccine, the first of its kind to be produced in the country, a month after local authorities gave the green light for a home-grown Ebola vaccine amid Beijing’s push to become a world leader in producing innovative drugs. The development drew praise from the World Health Organization (WHO) on Thursday who said the vaccine, which will be given to Chinese children as part of routine disease prevention, would help the global fight against the polio virus. China’s private and state-run medical laboratories have been growing in sophistication, helping reduce reliance on imported medicines and competing with global rivals. “This new vaccine is a critically important weapon in the fight against polio as the world nears the eradication of this dreaded disease,” Bernhard Schwartländer, WHO representative in China, said in a statement.

Father of dismembered Chinese student calls Canadian killer ‘worse than a beast’

By Nelson Wyatt MONTREAL (Reuters) – The Canadian man convicted of dismembering a Chinese student was “worse than a beast”, the student's father said on Monday. Diran Lin, speaking for the first time since a jury last week found Luka Magnotta guilty of first degree murder, said the 2012 killing of his only son had crippled the Lin family. Magnotta, 32, had admitted to killing and dismembering engineering student Jun Lin, 33, but pleaded not guilty on grounds of mental illness. “He is a beast … worse than a beast,” Lin told reporters through a translator. …