ENGLISH EDITION OF THE WEEKLY CHINESE NEWSPAPER, IN-DEPTH AND INDEPENDENT
Disgraced Former Official Offers Advice on Local Government Debt
Summary:

The EO's bilingual podcast is produced every working day and normally goes online at about 5pm in the afternoon. The first 10 or so news items are in Chinese and they are followed by two or three items read in English by the staff of the EO's English department. Click on the player to your left to listen to this episode

1. Disgraced Former Official Offers Advice on Local Government Debt
The former head of the NSB who was removed from his position and expelled from the party for corruption in late 2006, told attendees at a recent economic conference that problems with local government debt would not lead to an economic crisis in China. Qiu admitted that the National Audit Office's estimate of 10.7 trillion yuan in local government debt really was quite large, however he went on to emphasize that "80 percent of these debts are bank loans and only 20 percent of the debts really have problems, that is on a scale of about one to two trillion yuan ... given that China is collecting ten trillion yuan in revenue each year, 2 trillion yuan in debt is not a big problem."
Qiu is very optimistic that the local debt problem can be solved. He said that the Chinese government currently holds more than 100 trillion yuan in state-owned financial assets and centrally-controlled SOE also have more than 30 trillion yuan in assets. Qiu argued that an appropriate reduction in the amount of these state holdings would be enough to solve the local debt problem.

2. 26 Face Court on Charges of Beating Police in Foshan
According to the Southern Metropolis Daily, the People's Court of Shunde district, in the city of Foshan, began court proceeding against 27 people for their role in a violent attack on policemen in Chen village (陈村) on Jul 23. The 26 defendants are accused of crimes including interferring with the provision of public service, arson and the disturbance of business operations. On Jul 23, three policemen were tied to a turned-over police car and had petrol splashed on them by the villagers. Along with the three policemen, three other people were also hurt in the incident.

今天的热点新闻有:“神八”归来空间交会,对接任务圆满成功;湾仔码头陷入"细菌门",三大知名品牌全部"中招";美国务卿希拉里访问菲律宾,车队遭抗议者泼油漆。

 “神八”归来空间交会对接任务圆满成功

昨天19时32分,在北京航天飞行控制中心的控制下,神舟八号飞船飘然落于内蒙古中部的阿木古郎草原。神舟八号在太空运行17天,两次与“天宫一号”对接。至此,神舟八号飞船昨天结束了自己的使命,回到地球。

中科院有关专家说,搭载在神舟八号上的通用生物培养箱要在返回舱着陆后7.5小时内转运到北京实验室。此次神舟八号上天肩负着17项空间生命科学实验项目,由中国和德国科学家联合开展,是中国载人航天首次在空间科学应用领域开展的国际合作。

Z字头列车20日起网络售票 T字头12月10日起实现

从本月20日开始,全国铁路所有直达特快列车(Z字头)将实现互联网售票,12月10日全国铁路所有特快列车(T字头)将实现互联网售票。旅客可登录www.12306.cn订购车票。新办法实行后,互联网售票网络将覆盖D、G、C、T、Z字头所有列车,K、L及普速列车也有望于龙年春运前夕加入互联网售票行列。

今年7月份,北京铁路局曾开通电话订票业务。再有不到两个月就要迎来春运了,多元化的订票方式让一票难求的局面有多大的改观,我们还需要拭目以待。

李嘉诚减持中行套现66.6亿港元 曾承诺5年不卖

“股市不相信承诺”,李嘉诚用实际行动验证了这句话。日前,据媒体报道,李嘉诚旗下的基金巨量减持中国银行H股,最多可能减持了19.3亿股,套现66.6亿港元。而就在两年前的长江实业及和记黄埔联合业绩发布会上,李嘉诚还亲口承诺五年内不卖出中行股份。

一边是抛售中行股份套现,另一边李嘉诚却在频繁出手增持自家公司长江实业。

据不完全统计,今年5月份至今,李嘉诚已31次增持长江实业,至少耗资6.5亿港元。同时,李嘉诚还频出大手笔海外收购,尤其青睐英国的水、电等基础设施领域。

湾仔码头陷入"细菌门" 三大知名品牌全部"中招"

最近,一种名为“金黄色葡萄球菌”的细菌染指国内多家知名速冻食品品牌。记者昨天从南京工商局官网上获悉,在近期该局组织对当地市场销售的水饺、汤圆、馄饨等速冻食品进行质量抽样监测,结果检出包括三全、湾仔码头等4个品牌9种速冻食品不合格,而存在主要问题是检出金黄色葡萄球菌以及菌落总数超标。

根据现行国标,速冻食品不得检出“金黄色葡萄球菌”。据悉,新国标将对金黄色葡萄球菌指标有了一定的“宽容度”。针对消费者对新标放宽的质疑和担忧,卫生部日前回应称,新标准征求意见稿更加符合国际食品微生物采样检测要求,是科学合理的。记者查阅速冻新标准发现,虽然“金黄色葡萄球菌”被限量允许存在,但对于检测依然严格。

电厂资金链断裂:煤都山西现断电风险

据官方数字披露,山西年产煤超过8亿吨。但是山西却是全国发电企业亏损最严重省份,山西中南部地区更是“重灾区”。

山西中南部13家电厂累计亏损141亿元,资不抵债企业数量达到了10家。山西大唐国际运城发电有限责任公司总经理王英说,“资金链已经断了,没钱买煤了。”

随着冬季来临,各地煤炭产量下降,同时煤价还将随之上涨。如果亏损继续恶化,占山西省省调装机容量37%的机组面临全线停机风险。

近年来,各地火力发电厂巨亏的事件屡见不鲜。而与此形成鲜明对比的却是电网企业每年都拥有巨额的利润。这也就是说,不是每年工业、民用对电力的消费在减少,而是发电厂与电网企业之间分蛋糕的机制存在问题。

北京市人大研究论证重建圆明园

我们都知道,圆明园是坐落在北京西郊海淀区,毗邻颐和园的一座皇家园林。圆明园始建于康熙年间,在1860年被入侵者劫掠并焚毁。

昨天,市人大教科文卫体委员会就加强国家文化中心建设提出九大建议,其中有关研究论证恢复重建圆明园的建议颇为引人注目。

在圆明园被焚毁151年间,关于圆明园遗址是该保留还是重建的问题一直在持续争论。“废墟派”主张历史不容抹杀,应保留圆明园遭焚毁后的残迹以警示国民勿忘国耻,而重建恐有劳民伤财之嫌;“重建派”则主张,重建或修复圆明园可以恢复民族往日荣光,抚平这段历史创伤。

美国务卿希拉里访问菲律宾 车队遭抗议者泼油漆

据外媒报道,美国国务卿希拉里·克林顿11月16日到访菲律宾,却在拜访总统府后遭遇一段令人不快的插曲。

法新社的一名摄影师在现场目击后讲述说,事件发生时,希拉里刚刚拜访了菲律宾总统阿基诺,菲律宾警车开道,护送希拉里车队离开马尼拉的总统府。大约50多名抗议者围堵车队,还向汽车投掷红色油漆,最后被迫绕行。

马尼拉左翼青年组织宣称对此次事件负责。抗议者还攻击了希拉里的公共论坛,呼吁美国结束两国的军事协议。

IMF敦促欧元区尽快实施债务危机解决方案

国际货币基金组织新闻发言人霍利17日表示,国际货币基金组织对欧元区目前的状况“非常担忧”,欧元区各国应当迅速行动,执行危机解决方案,提升危机管理成效。

欧元区领导人10月份就主权债务危机达成解决方案,决心重塑希腊债务可持续性,为欧洲银行注资,强化控制危机蔓延的防火墙,在欧元区奠定强有力的经济治理基础。

去年5月,欧盟和国际货币基金组织决定对希腊提供1100亿欧元救援计划,其中国际货币基金组织提供300亿欧元。

Related Stories

EO Digital Products

Multimedia & Interactive