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.
April, despite the continuing downward trend of the automotive market, Securities Daily reported on Wednesday.
From January to April, the country’s NEVs market experienced strong gro
wth of sales and production, recording a year-on-year increase of 59.8 percent and 58.5 p
ercent, respectively, according to China Association of Automobile Manufacturers (CAAM).
China sold 97,000 NEVs last month, an increase of 18.1 percent year-on
-year, while the output reached 102,000, up 25 percent compared with a year earlier.
Pure electric vehicles saw a rise in both sales and output by 9.6 percent and 28.2 percent, respectively, to 71,000 units and 82,000 u
nits in April. Besides, about 26,000 plug-in hybrid vehicles were sold during the same period, surging by 50.9 p
ercent from a year earlier, and the output increased 13.6 percent to 20,000 units.
detour before reaching a deal sooner or later, then the economic impact for consumers in China and t
he US, as well as other parts of the world, will be fairly costly, said Chen Wenling, chief econ
omist at the China Center for International Economic Exchanges.
Whether they buy finished products or goods made from r
aw materials and components, the tariffs still exist, Chen said.
The escalation will make goods produced by both countries less co
mpetitive and cause large-scale job losses, said Chen.
Wei Jianguo, former vice-minister of commerce, said economic conflict
s and trade friction between China and the US that draw global attention will happen fro
m time to time in the future, and these should be rationally regarded and prepared for.
To encourage them to move, Guizhou authorities have used a better schooling for their children as bait,” said Zhang Qing of Guizhou’s provincial Education Department.
“More than 130,000 children will be enrolled in the 1,600 preschool facilities and primary and secondary schools near their urban s
ettlements. Also, 333 nurseries and junior high schools will be built to enroll some 50,000 relocated children,” Zhang added.
To promote educational development and cultivate more high-quality teachers in the country’s central and w
estern regions, China launched a State-level training program for rural primary and middle school teachers in 2010.
Primary school teachers in Guizhou have joined the training at Beijing Normal University.
In September 2014, President Xi Jinping met with teachers from Guizhou who were r
eceiving training at Beijing Normal University. The group of teachers later wrote a letter to Xi.
In a letter of reply to the Guizhou teachers, Xi asked them to lead education reform in poor areas.