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All posts by LKY - 191. page

Emergency Fund Issued To Aid College Student Cafeterias

On December 29, the Ministry of Finance approved a 50 million yuan (US$6.8 million) emergency fund to provide temporary aid to college student cafeterias. It is to ensure that, prior to the upcoming winter break, students’ lives will not be affected by the increased price of raw materials. Earlier this year, the General Office of the State Council issued a notice to various levels of governments to provide financial relief to student cafeterias and those students who are on financial aid. In addition, the National Development And Reform Mission also requested the students’ receive discounts in college utility expenses.

Source: China News, December 30, 2007
http://edu.chinanews.cn/edu/kong/news/2007/12-30/1119587.shtml

Former Secretary of The Deceased Vice Premier May Face Death Sentence

Wang Weigong, former secretary of the deceased Huang Ju, Executive Vice Premier of China was arrested for corruption involving Shanghai’s social security funds and may face a death sentence. The scale of corruption was reported to be as high as 45 million yuan (US$6.1 million), which is the largest known amount of corruption. It was reported that Wang has refused to disclose any other names involved in this case including Jiang Mianheng, the son of Jiang Zemin, former President of China.

Source: Powerapple, December 29, 2007
http://news.powerapple.com/article/2007/1229/article_33729.html