It is in everybody's interest for China's currency be fairly traded and adjusted to market value, says Frank Lavin, a former U.S. White House political director under the Reagan administration, speaking to CNBC's Martin Soong.
Novartis is opening on Tuesday the country's first plant to produce flu vaccines using cell cultures. These vaccines are faster, better and cheaper to make than egg-based methods, reports CNBC's Mike Huckman.