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.
services will aim precisely at those most in need,” she said.Shan Jixiang, former director and curator of the Palace Muse
um, has been hired as Palace Museum Research Institute chief, one month after his retirement.
Wang Xudong, current director of the Palace Museum, on Wednesday handed the offer letter, dated May 6, to Shan.
Xi Huan, vice-president of Beijing Hospital, said major medical institutions need to mak
e more efforts to improve services for the elderly, including the promotion of disease prevention educ
ation and increased follow-up visits for elderly patients who have been discharged from the hospital.
“Big hospitals should provide more help for elderly patients, and more follow-up nursing services after they leave the ho
spital, so they can get timely help if problems occur at home or at community health centers,” he said.
four decades has been a blessing to not only our two countries, but the whole world,” said Cui Ti
ankai, Chinese ambassador to the US, in his remarks during the awards presentation.
“And the essence of the 40-year story is amity between the peoples, which lays the foundation for
and shapes the future of our relations,” he said, adding that the stories shared by peoples from the two cou
ntries through the My China Album series will always “be a source of inspiration and motivation for us”.
Hundreds of US citizens participated in the series from Feb 6 to April 19, sharing their personal stories about China thro
ugh photos and captions. Ten of the participants were recognized for their genuine and touching stories.
“I was so honored to win first place in this year’s My China Album,” said
Max Horne, an incoming Harvard University freshman who visited Yunnan province years a
go and studied the Naxi culture, a local ethnic group. “There’s endless culture for us to appreciate.”
tain a breakneck pace of economic development, which has brought booming economic prosperity.
Unfortunately, it has also brought a deteriorating environment. Seeing heavy smog, for ex
ample, many people feel that a worsening environment will destroy the happiness brought by economic growth.
Since 2012, the new leadership under President Xi Jinping has put forward a series of ecol
ogical ideas. On Sunday, Xi said at the opening ceremony of the exhibition that “green mountains and cle
ar waters are indeed mountains of gold and silver, and environmental improvement means great productivity”.
This idea, dubbed the theory of two mountains, enjoys immense popular support in China.
Xi, who is also general secretary of the Central Committee of the Communist Party o
f China, urged officials at all levels never to sacrifice the environment for economic growth.