One-line news
August 29, 2016 Category One-line news, Weekly
- The world’s biggest pork producer WH Group logged a better-than-expected 26.98% jump in net profit to USD466 million for the first half of the year, boosted by a product-mix upgrade and effective cost cutting. Revenue increased 2.3% to USD10.45 billion. WH Group also controls U.S. meat processor Smithfield Foods. WH Group shares have risen 30.23% in the past six months.
- Chinese Foreign Minister Wang Yi met with counterparts from Japan and the Republic of Korea – Fumio Kishida and Yun Byung-se – in Tokyo, to try to improve relations. China’s relations with South Korea are strained due to the possible installation of the Terminal High Altitude Area Defense anti-missile system, which may put part of China under the system’s radar. Long-standing disputes with Japan over sovereignty over the Diaoyu islands and World War II history remain unresolved.
- A foreign language test system was introduced in Shanghai to help people seeking employment with international companies demonstrate their proficiency. The Oral Proficient Interview Computer System (OPIC), developed by the American Council on the Teaching of Foreign Languages (ACTFL), currently covers 13 languages and five of them, English, Russian, Japanese, Korean and Spanish, are now available in China.
- Yin Hailin, 56, Vice Mayor of Tianjin, is being investigated for “serious violations of discipline,” the Central Commission for Discipline Inspection (CCDI) announced. Several other Tianjin officials have also been caught up in China’s ongoing campaign against corruption.
- Restricting the exploitation of natural resources in the ecology-fragile Qinghai-Tibetan Plateau is good for economic development, President Xi Jinping said during an inspection tour. Protecting the ecological environment of the Sanjiangyuan area, known as “China’s water tower”, where the headwaters of the Yangtze, Yellow and Lancang rivers are located, is vital for the nation’s development, Xi added.
- Wang Menghui, Party Secretary of Xiamen, Fujian province, was appointed as Party Secretary of Shenyang, the capital of Liaoning province. Wang, 56, replaced Zeng Wei, who served in the position in Shenyang for eight years. Shenyang, as well as the rest of Liaoning province, is under heavy pressure to reform its traditional manufacturing industries. Liaoning was the only province to report a negative GDP growth rate, minus 1%, in the first half of this year.
- Wang Bao’an, former Director of the National Bureau of Statistics (NBS), has been expelled from the Communist Party for actions including “superstitious activities” and “insatiably” trading power for sex, according to the Central Commission for Discipline Inspection (CCDI). His case will now be transferred to prosecutors.
- Shanxi Governor Li Xiaopeng, the son of former Premier Li Peng, is tipped to be promoted to Transport Minister amid a personnel reshuffle after the Beidaihe meetings in August. Lou Yangsheng, currently Deputy Party Secretary of Shanxi, will become the new Governor.
- Wu Yingjie has been appointed as Party Secretary of the Tibet Autonomous Region. He is the first person to hold the position after spending his entire political career in the region. Born in Shandong province, Wu, 59, has worked in Tibet since 1974. His predecessor, Chen Quanguo, will receive a new appointment, Xinhua reported. Du Jiahao was appointed Party Secretary in Hunan province and Chen Hao in Yunnan province.
- Su Wei, China’s chief climate negotiator who helped secure the historic Paris agreement, left the National Development and Reform Commission’s Climate Change Office after being appointed Director of the Commission’s International Cooperation Department.
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