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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.
he clock, a fire engine, over 160 hydrants, thousand of extinguishers, and fire walls, officials said last year.
But not all relics have such rigid supervision. A joint comprehensive survey was started in Septemb
er by the administration and the Ministry of Emergency Management. It found that 33 major institutions still don‘t meet stan
dards, and the State Council issued a notice on Wednesday that they were to receive the highest-level supervision.
On Tuesday, the administration urged local governments to immediately launch evaluations of potential hazards.
The new lawsuit against Liu Qiangdong, the billionaire founder and CEO of Chinese e-commerce giant JD, and his compan
y filed by a University of Minnesota student might further shake investors’ confidence, and tarnish the image
and reputation of the company, amid tougher competition from rivals such as Alibaba and Pinduoduo.
The Chinese student from University of Minnesota, who claimed she was raped last August by Liu, filed a c
ivil lawsuit against him in Minneapolis on Tuesday, four months after prosecutors decided not to pursue a criminal case.
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.”