Hours after the announcement that Zhou Yongkang was arrested, Xinhua reported that Beijing elevated the security level of its public transportation to the highest level. Anyone who refused to accept a security inspection would face penalties.
All posts by TGS - 45. page
Tough Issues for Balance Sheets of Local Governments
In a recent article in China Finance, which Xinhua then reprinted, Ma Jun, the chief economist for China’s central bank, the Bank of China, wrote about the balance sheets of local governments and related issues.
Senior Chinese Official on Trial over Election Vote Buying
On July 24, 2014, the Beijing Second Intermediate People’s Court held a public hearing on negligence charges lodged against Tong Mingqian, the former vice chairman of the Chinese People’s Political Consultative Conference of Hunan Province, in relation to a major election fraud scandal.
China’s Junk Bond Crisis Is Looming
On July 22, the Chinese media wallstreetcn.com reported that, with the frequent defaults on debt in China, 2014 is becoming the year of defaults for the Chinese financial market.
Local Governments Are Increasing Their Investments
China Enterprise News reported that, in spite of the central government’s efforts, local governments are increasing their expenditures and banks are funding the local governments through financial management products.
Government Think Tank: China Faces Extended Slow Growth
Cai Fang, Director of the Institute of Population and Labor Economics under the Chinese Academy of Social Sciences, published to rebuttal to the prediction that the bubble of the Chinese economy may burst. He also admitted that China’s economy is in for a period of slow growth.
Tencent: Seven Ways to Transfer Funds Out of China
According to Tencent Financial, the wealthy in China use a number of means to transfer large amounts of money out of China.
Ideology in Universities Faces Severe Challenges
Red Flag Manuscript published an article that described how education on the subject of ideology faces severe challenges in institutions of higher education.