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magazine of the Communist Party of China Central Committee. He said more efforts a
re needed to implement the proactive fiscal policy and boost efficiency this year.
Preventing and defusing local governments’ hidden debt risks is key to controlling major risks, he said.
Innovative financial tools will be introduced for debt swaps, and the indebted comp
anies will be allowed to choose the same way, under guidance from the local governments, Liu Shangxi, hea
d of the Chinese Academy of Fiscal Sciences, the Ministry of Finance’s think tank, told China Daily.
“The total amount of hidden debt waiting to be swapped has not yet been calculated, as this
round of debt swaps will not involve the government’s administrative orders, but depends on the ma
rket’s appetite based on the evaluation of the potential default risks and the companies’ solvency,” he said.
Growth in China’s energy consumption remains robust while the forms
of energy continued to diversify in 2018, according to an annual report on China’s energy devel
opment released Sunday by the China Electric Power Planning and Engineering Institute.
Total energy consumed last year reached 4.64 billion metric tons o
f standard coal, a year-on-year growth of 3.3 percent – a five-year record, according to the report.
Consumption of clean energy, including natural gas, hydropowe
r, nuclear power and wind power, accounted for 22.1 perc
ent of energy consumption last year, up 1.3 percent compared with the same period in 2017.
Non-fossil energy accounted for 14.3 percent, up 0.5 percentage points year-on-year, the report said.
China produced 3.77 billion tons of standard coal last year, up 5 percent year-on-year, a seve
n-year high. It has also become the world’s largest natural gas importer, with a heavier reliance on energy imports.
A man has been arrested after an incident in west London on Saturday morning. Police f
irearms and Taser were discharged, according to a latest statement released by Metropolitan Police.
According to the statement, police were called at around 8:30 am local time on Saturday, with reports o
f a car in collision with a number of parked vehicles near the Ukrainian Embassy in Holland Park, west London.
“As part of the protective security arrangements for London, armed and unarmed officers were
deployed to this incident,” said the statement, adding that “on arrival at the scene, a vehicle was driven at police officers.”
Police confirmed that firearms and Taser were discharged, the vehicle was stopped and a man in his 40s was arrested, not injured.
Andy Walker, chief superintendent in the Met’s Specialist Firearms Command, said: “as is st
andard procedure, an investigation is now ongoing into the discharge of a police firearm during this incident.”
ssing $682 billion, and it is only natural that the two sides should seek to consolidate their trade and economic cooperation since it provides a solid foundati
on for strengthening their overall relationship, and they have everything to gain from building on the current g
ood momentum in their relations and docking their respective development strategies.
At the 21st China-EU Leaders’ Meeting in Brussels on Tuesday, Premier Li Keqiang is expected to underscore China’s resolve to deepen st
rategic mutual trust and cooperation with the EU, including on the Belt and Road Initiative that China has prop
osed as a means for improving global connectivity and shared development.
This year, Italy and Luxembourg signed memorandums of under
standing with China to jointly advance the construction of the Belt and Road, bringing to 22 the total num
ber of European countries that have signed cooperative agreements with China on the initiative.
It is not all hunky-dory of course, as two major powers, the two sides do differ on some issues, a
nd there are some disputes between them. However, their common interests far outweigh their differences.
For residents in Huojugou village in China’s Changbai Mountains, a train whistl
e is a euphonious sound that will bring gurgling water to their kitchen and bathhouse.
For 44 years, the mountainous village and several others in northeast China’s Jilin Province
have relied on a train, which only has one locomotive and one tank car, to provide their water supply.
The train commutes between the towns of Songshu and Baihe, nestled deep in Changbai Mountain. Since 1975, it has run for m
ore than 1.6 million km, delivering water to over 2,600 nearby villagers that had limited access to clean water.
Though cisterns have been built to store water unloaded from the trains, villagers along the line
still keep the tradition of welcoming the train in person, clanking their buckets and bottles.
Fetching water used to be a big headache. We had to travel to a far-away river to get water and e
ven make a hole in the ice during winter,” said Li Zuopei, an 80-year-old resident in Yingbishan village.
“Then the small train sent water right to our doorsteps, and it’s amaz
ing that the service has been going on uninterrupted for so many years,” said Li.
donors exceeded 104,000 – more than three times the number for 2015, according to the center.
Last year, 6,302 people donated organs after death in China, an increase of 22 percent compared with 2017. About 20,200 tr
ansplant surgeries were completed last year, an increase of 21 percent compared with 2017, ranking the seco
nd in the world after the United States, according to the National Health Commission.
On average, 6.8 of every 1 million people donated organs after death or while alive for their relatives in Ch
ina last year, a record high, according to the China National Organ Donation and Transplantation Committee.
Guo Yanhong, deputy chief for medical administration and supervision at the National Hea
lth Commission, said that with an increasing number of organ transplant surgeries performed, Chinese phys
icians are also making progress in organ transplant technologies, and a number of world-class centers in trans
plant surgeries, covering major organs such as livers, kidneys, hearts and lungs, have been established in China.
on a decreasing streak. Imported models of Ford Motor (China) abated as much as 34,000 yuan, compared with Volkswagen Multivan’s highest cut of
13,300 yuan and some models of FAW Toyota’s 11,000 yuan, said Chinanews. As China International Capital Corporation Lim
ited analyzed, automobile, real estate and medicine industries will enjoy the largest scale of tax reduction; and the bigge
st rise in net profit as a result of tax cuts will go to coal, food and beverage, electricity industries.
Nur Bekri, former head of the National Energy Administration, has been arrested
for taking bribes, said the Supreme People’s Procuratorate on Tuesday, Xinhua reported.
Nur Bekri, also former deputy head of the National Development and
Reform Commission, was investigated by the Communist Party of China Central Com
mission for Discipline Inspection and the National Supervisory Commission.
The former chairman of the Xinjiang regional governm
ent was named new head of the National Energy Administration on Dec 31, 2014.