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Articles Archive for 29 July 2017

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[29 Jul 2017 | No Comment | ]

By Xie Jun in Global Times, July 28, 2017 at 22:33:40
The risks of China’s government debts are under control in general, an official from the Ministry of Finance (MOF) told a press conference on Friday.
According to Liu Wei, a deputy director of the MOF, local government debt in China totaled 15.86 trillion yuan ($2.35 trillion) by the end of June, below the ceiling of 18.82 trillion yuan set by the National People’s Congress, the country’s top legislature.
The local government debt ratio stood at 80.5 percent in 2016, a safe level …

China, Headline »

[29 Jul 2017 | No Comment | ]

By Shan Jie in Global Times, July 28, 2017 at 22:38:39
Chinese experts have urged investors to be wary of products that offer suspiciously high returns after an alleged pyramid scheme organization was broken recently.
“A principle is that if the rate of return is too high, that is to say several times the usual average, it must be a pyramid scheme,” Hu Xingdou, an economics professor at the Beijing Institute of Technology, told the Global Times on Friday.
The Ministry of Public Security recently cracked down on Shanxinhui, a company suspected of …

China, Featured »

[29 Jul 2017 | No Comment | ]

By Jun Mai in South China Morning Post, July 29, 2017
President Xi Jinping’s troubled early years are described in detail in a recent article by official media, underlining the political strongman’s firm determination to serve the Communist Party amid his family’s harsh political persecution.
Xi had written 10 letters of application for membership in the Communist Party before finally being admitted as a member of a stained family, according to the article on Friday in the Study Times, a publication affiliated with the party’s top academy.
It is not the first time …

China, Headline »

[29 Jul 2017 | No Comment | ]

by Jun Mai & Sarah Zheng in South China Morning Post, July 29, 2017
A top Communist Party publication has spelled out that President Xi Jinping was personally behind Beijing’s high-handed approach to disputes in the East and South China seas.
An editorial on Friday in Study Times – put out by the Central Party School, the Communist Party’s top academy – was the latest to lavish praise on Xi for his tough stance on territorial issues with the country’s Asian neighbours.
“[President Xi] personally steered a series of measures to expand [China’s] …

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[29 Jul 2017 | No Comment | ]

by Stephen Chen in South China Morning Post, July 28, 2017 at 11 pm
More than 480 Chinese doctors and academics associated with published research papers that were later deemed to be fraudulent will be punished for damaging the country’s “international reputation”, the government said on Thursday.
The announcement came after major US academic publishing house Springer in April retracted 107 papers by Chinese authors that had been published in the journal Tumor Biology. After publication, the company discovered that most of the peer reviews were fake, having been written either by …