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BRIEFS
China fixes new zone for foreign investors
NANJING. June 7: Nantong, one of china's first 14 open coastal cities in Jiangsu province, set aside recently a new zone to attract foreign investments for development purpose*, report* Xinhua
According to local officials, the new zone, covering an area of some 40 sq km Is located tn the Nantong economic and technological development zone and along the Yangtze river. So far. the number of foreign-funded enterprise* in Nantong surpasses 200.
Since the central government announced Its approval of the opening of the new Pudong area tn neighboring Shnghal. the city ha* put forward a series of new measures to open Itaelf wider to the outside world.
Prices quadruple in Moscow
MOSCOW, June 7: Moscow shoppers found milk and bread price* quadrupled Saturday after city government lifted price controls on the low-cost staples Russians increasingly turned to when other food became too expensive, reports AP
Milk and bread had been | spared when the government J lifted price controls on most goods Jan 2. which sent prices for other foodstuffs skyrocketing and forced changes in the Russian diet.
.Commonwealth television said the prices rises only affected Moscow.
In a television interview Friday. Yevgeny Pantcrcyev, a minister of the Moscow city council, said the government had to free prices because it was unable to continue the huge subsidies that kept milk and bread at artificially low prices.
No paper to print money ZAGREB. June 7: Yugoslavia s national bank could run out of paper to print Its hyper-Inflationary currency because of a world trade embargo. Its Slovenian suppliers said on Friday.
But although dramatic, that could be one of the few effects that the sanctions on Serb-led Yugoslavia would have no trade links with Croatia and Slovenia as these are almost non-existent, economic experts In the two new states said.
Until sanctions were imposed against Serb-led Yugoslavia, a small Slovenian firm was supplying the Yugoslav national bank with paper for printing banknotes.
Canada freezes
Haitian assets
OTTAWA. June 7: Canada has ordered a freeze on Haltaln assets under new legislation speeding adoption of economic sanctions against governments that violate human rights, reports Reuter.
"Canada is committed to making every effort to bring about the return of the constitutionally elected government of Haiti," Foreign Minister Barbara McDougall said in a statement released on Friday.
The freeze was ordered under the special economic measures act that went into effect on Thursday empowering the Canadian government to adopt sanctions without waiting for parliamentary approval.
Indian dolphins face extinction
NEW DELHI, June 7: Indian fresh water dolphins, called Sonsh in local parlance, face the danger of extinction, reports Xinhua.
The Times of India quoted a study report undertaken by a group of research scholars of Patna University as saying that more than 100 dolphins are killed every year In the eastern state Bihar stretch of the Ganga river alone as a result of. both casual and deliberate catches.
Though the state, government declared a stretch of 50 km from Sultanganj to Kahalgao as a dolphin sanctuary way back 1n 1990, no worthwhile effort has been made till date to devise ways an means to preserve this unique genetic mamma), the report said.
♦’/ ’kild output of Russia to slump
MOSCOW. June 7: Russian gold production is expected to fall 30 per cent this year and another 50 per cent In 1993. the head of the country's gold Industry was quoted as saying Saturday, reports Reuter.
The authoritative daily newspaper Izvestia said Valery Rudakov, head of the state gold and diamond company Rosa-Imazzototo. had confirmed the forecast by leading producers
The situation in this industry has acquired a catastrophic ^character," the paper said.