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The FDA, which also regulates the cosmetics and beauty industry, says it is “concerned”
about the growing number of CBD products that make unproven health claims.
Not all cosmetic products need the FDA’s approval before they hit the market, but the FDA c
an take action against companies that claim unsubstantiated health benefits from their products.
It’s estimated that about 64 million US citizens have tried CBD in the past two years,
according to a January 2019 Consumer Reports survey of more than 4,000 people.
As for the size of the market, total sales of hemp-based CBD products are expected to
reach $22 billion by 2022, up from $619 million in 2017, according to Brightfield.
“There is high consumer interest in the demand of these products, and there’s a co
mplete lack of regulations in the available landscape,” Paul Armentano, deputy d
ral rights of a sovereign state, and a necessary measure to counter those provocative actions.”
Mutual trust also is growing between China and countries in the region due to joint effo
rts. The overall situation in the South China Sea is stable and becoming better, Shao said.
“Countries from the region have the will, wisdom and capability to manage differences and jointly
promote peace, thus transforming the area into a sea of peace, friendship and cooperation,” he said.
On the Korean Peninsula question, China insists on denuclearizing the penin
sula, and solving issues through dialogue and consultation, Shao said.
“China has consistently, seriously, fully and rigorously implemented
the United Nation’s resolutions regarding the peninsula,” he said. “China also is willing to
work with various parties to promote the denuclearization of the peninsula via political solutions.”
First, China has undisputable sovereignty over islands and their surrounding waters in the South China Sea, backed by a wealth of historical and legal basis,” Shao said.
For a long period of time, various nations’ normal passage and flight in the region have never been obstructed. “There i
s no issue over the freedom of navigation and overflight in the South China Sea,” he said.
However, the US has frequently sent vessels and aircraft to trespass into Chinese mar
itime territory and airspace, and has conducted intense intelligence gathering and special drills in the region.
“These actions damage the peace and security of the region,” Shao said. “As a result, the PLA
has installed necessary defense equipment on the islands in accordance with security needs. This is within
the natural rights of a sovereign state, and a necessary measure to counter those provocative actions.”
This year, PetroChina’s Xinjiang Oilfield Company has been fully develop
ing the Jimsar shale oil field, which boasts 1 billion tons of shale oil reserves, Xinhua reported.
The company has mobilized 36 drilling rigs, started drilling on 47 wells and completed eight wells till now. The daily drille
d footage surpassed 2,000 meters and the total drilled footage reached 160,000 meters.
PetroChina has ramped up exploration efforts on Bohai Bay Basin, Songliao Basin, Ordo
s Basin and Junggar Basin in recent years and shale oil was listed as one of the four exploration goals. Dagang Oilfi
eld, Xinjiang Oilfield, Tuha Oilfield and Changqing Oilfield have been set as important demonstration zones.
Xinjiang Oilfield Company said it planned to mobilize 45 drilling rigs this year to finish drilling nearly 100 wells.