chinadaily_pdf_20121112

COVER STORY New beginning Shantytown dwellers get new homes and hope. > p7 NATION Two’s company Couples tie the knot on Singles’ Day while others express their individual- ity by shopping online. > p3 WORLD Program change BBC chief resigns over false child- abuse report as another scandal engulfs the British broadcaster. > p12 LIFE City sense Haikou has undergone a transforma- tion and the villages of Meishe and Xinghui highlight the success of the Hainan provincial capital. > p20 IN THE NEWS In this issue NATION ..................................2-4 CONGRESS SPECIAL ...........5-8 COMMENT .......................... 9, 10 WORLD ............................... 11, 12 BUSINESS ..........................13-17 LIFE .................................... 20, 21 SPORTS ............................23, 24 国内统一编号:CN11-0091 国际标准编 号:ISSN0253-9543 邮发代号:1-3 A member of the Asia News Network Contacts News (86-10) 6491-8366 Subscription (86) 400-699-0203 Advertisement (86-10) 6491-8631 E-mail editor@chinadaily.com.cn iPhone app chinadaily.com.cn/iphone © 2012 China Daily All Rights Reserved Vol. 32 — No.10148 chinadaily.com.cn RMB ¥1.5MONDAY, November 12, 2012 CHINADAILY PARTY CONGRESS 18 Agenda 3 pm: News conference on people’s livelihood 8 pm: Group interview on devel- opment of Party organizations Inside Editorial, page 9 Comment, page 10 Special, pages 5-8 Website chinadaily.com.cn Banking sector in good health, top offi cials say Industry built on sound earnings and set for global expansion as the yuan hits world stage CULTURAL GATHERING PHOTO BY ZOU HONG / CHINA DAILY Sun Zhijun, deputy head of the Publicity Department of the Communist Party of China Central Com- mittee (center); Zhao Shaohua, vice-minister of culture (second right); and Jiang Jianguo, vice-minister of the General Administration of Press and Publication (right), attend a news conference on Sunday. See story on page 5. By CHEN JIA and WANG XIAOTIAN The banking sector remains largely healthy, and market-oriented reform will be continued prudently, fi nance offi cials said. Banks are also seeking opportunities to further expand business overseas as the yuan increasingly becomes a global currency. “The banking system’s risk is under control and the non-performing loan ratio, 0.97 percent, is low,” Shang Fulin, chairman of the China Banking Regu- latory Commission, said at a news conference on Sunday during the 18th National Congress of the Communist Party of Chi- na. Bank lending is not con- centrated on any high-risk investment projects, and most of the loans have mortgage guarantees, Shang said. Sound earnings and the prevention of risk is the basis for domestic banks, he said. Total debts will rise from 191 percent of GDP at the end of 2011 to 206 percent by the end of this year, according to a report by Standard Chartered Bank. Th e report also said that the country will have pub- lic debt at 58 percent of GDP by the end of 2012. Consumer debt will stand at 19 percent of GDP, and corporate debt at 128 percent. Zhou Xiaochuan, gover- nor of the People’s Bank of China, urged alertness to potential risks, especially shadow banking, as banks diversify fi nancial products and services. Shadow banking, as the name suggests, mainly refers to credit access out- side the regular system. In China, it usually involves wealth management prod- ucts, underground fi nance and off-balance-sheet lending. “Shadow banking is inevitable when banks are developing their business,” Zhou said. “But there are fewer problems here than the shadow banking sector in some developed coun- tries that have been hit by the global fi nancial crisis.” SEE “BANKING” PAGE 2 25 / 32 25 / 32 25 / 31 26 / 31 24 / 32 24 / 33 26 / 34 27 / 33 24 / 35 24 / 33 12 / 28 13 / 28 11 / 22 13 / 19 19 / 22 19 / 24 19 / 27 18 / 28 18 / 23 19 / 24 25 / 31 25 / 29 24 / 31 24 / 32 8 / 15 10 / 16 15 / 23 14 / 25 -16 /- 9 -17 /- 5 9 / 14 9 / 15 MONDAY TUESDAY - 2 / 8 - 3 / 7 - 8 / 3 - 6 / 0 TRAVELER’S FORECAST Chengdu Urumqi Beijing Xining New Delhi Kathmandu Thimphu Yangon Singapore Jakarta Kuala Lumpur Bangkok Vientiane Ulaanbaatar Shanghai Bandar Seri Begawan Macao Hong Kong Guangzhou Manila Hanoi Taipei Seoul Pyongyang Tokyo Lhasa CHINA AMERICAS NOV 12-13MON - TUE LOW/HIGH TEMPERATURES, IN DEGREES CELSIUS, AND EXPECTED CONDITIONS C Cloudy D Drizzle Du Dust F Fog O Overcast R Rain Sh Shower S Sunny Sn Snow St Storm T Thunderstorms weather ASIA-PACIFIC-MIDDLE EAST EUROPE BuenosAires 15 / 20 C 15 / 21 C Chicago 3 / 12 C 2 / 6 C Caracas 25 / 32 C 25 / 32 C Houston 18 / 23 S 13 / 19 S Las Vegas 2 / 16 S 3 / 15 S Los Angeles 8 / 22 S 10 / 18 S Mexico City 11 / 23 S 11 / 22 C New York 7 / 18 C 5 / 15 O Ottawa 1 / 13 C 3 / 7 D Rio De Janeiro 21 / 29 C 22 / 26 O San Francisco 7 / 17 C 5 / 19 C Sao Paulo 20 / 27 C 19 / 21 D Vancouver 2 / 9 D 5 / 10 D Washington 8 / 19 O 3 / 11 O Athens 11 / 21 C 13 / 21 C Berlin 6 / 10 C 4 / 9 C Brussels 5 / 9 C 4 / 10 C Geneva 8 / 11 C 5 / 9 C Istanbul 13 / 19 C 13 / 19 C London 5 / 11 C 3 / 13 O Madrid 6 / 12 C 4 / 13 S Moscow - 6 / 3 O - 2 / 4 R/Sn Paris 4 / 11 C 3 / 10 F Rome 16 / 20 Sh 16 / 22 R Vienna 6 / 11 D 7 / 11 O CHINA AFRICA 5 / 11 5 / 14 Cairo 19 / 24 C 18 / 25 S CapeTown 15 / 21 C 14 / 23 C Johannesburg 14 / 25 C 15 / 27 C Lagos 25 / 31 C 25 / 31 C Nairobi 16 / 27 C 15 / 26 C Abu Dhabi 20 / 33 D 18 / 33 D Bangkok 26 / 34 Sh 27 / 33 C Colombo 25 / 31 O 24 / 31 Sh Dubai 25 / 32 S 24 / 35 C Hanoi 22 / 26 O 20 / 27 O Islamabad 9 / 26 S 12 / 25 S Jakarta 25 / 32 C 25 / 32 C Karachi 21 / 32 S 22 / 33 S Kuala Lumpur 24 / 32 Sh 24 / 33 Sh Manila 25 / 31 C 25 / 29 O Mumbai 21 / 34 S 21 / 35 S New Delhi 12 / 28 S 13 / 28 S Pyongyang 0 / 9 O 4 / 14 O Riyadh 18 / 32 S 18 / 31 S Seoul 5 / 11 D 5 / 14 C Singapore 25 / 31 Sh 26 / 31 Sh Sydney 14 / 25 S 12 / 19 C Teheran 13 / 20 C 11 / 15 D Tokyo 11 / 22 D 13 / 19 S Wellington 11 / 16 Sh 9 / 11 C Yangon 24 / 35 C 24 / 33 C Beijing - 2 / 8 S - 3 / 7 S Changchun - 1 / 2 Sn/St - 4 /- 1 Sn Changsha 11 / 17 O 11 / 22 C Chongqing 13 / 18 O 13 / 19 C Dalian 0 / 4 C - 1 / 4 C Fuzhou 15 / 21 O 15 / 20 Sh Guangzhou 15 / 23 C 14 / 25 S Guilin 10 / 20 C 11 / 21 C Guiyang 8 / 12 O 9 / 13 O Haikou 21 / 25 D 23 / 26 Sh Hangzhou 5 / 16 C 8 / 19 C Harbin 1 / 3 Sn - 3 / 1 Sn Hefei 1 / 16 C 6 / 17 S Hohhot - 7 /- 1 C - 9 / 2 C Hongkong 18 / 23 C 19 / 24 C Jinan 1 / 11 S 1 / 8 S Kunming 8 / 20 C 8 / 20 C Lanzhou - 3 / 9 S - 2 / 12 S Lhasa - 4 / 12 O - 3 / 11 Sn Lijiang 0 / 19 S 0 / 18 S Macao 18 / 22 C 19 / 23 C Nanchang 10 / 16 Sh 11 / 19 C Nanjing 3 / 15 C 5 / 15 C Nanning 16 / 24 C 17 / 25 C Qingdao 2 / 10 C 2 / 8 C Sanya 24 / 30 Sh 24 / 30 C Shanghai 8 / 15 S 10 / 16 C Shenyang - 1 / 3 Sn - 6 / 1 C Shenzhen 18 / 24 C 19 / 25 C Shijiazhuang 0 / 13 S 0 / 12 S Suzhou 6 / 15 S 7 / 16 C Taipei 19 / 22 D 19 / 24 C Taiyuan - 4 / 8 C - 3 / 7 S Tianjin - 2 / 10 S - 1 / 10 S Urumqi - 8 / 3 C - 6 / 0 C Wuhan 3 / 15 C 4 / 18 C Xiamen 17 / 24 Sh 17 / 25 O Xi’an 1 / 13 S 1 / 14 S Xining - 9 / 10 S - 8 / 14 S Yantai 2 / 7 C 2 / 6 C Yinchuan - 4 / 7 S - 4 / 9 S Zhengzhou 3 / 16 S 3 / 16 S Zhuhai 18 / 23 C 19 / 24 S 2 nation | digest C H I N A D A I L Y M O N D A Y, N O V E M B E R 1 2 , 2 0 1 2 BEIJING Power usage to double by 2020 China’s total power consumption is estimated to double by 2020, said Liu Zhenya, general manager of the State Grid Corporation of China on Saturday. China’s power consumption growth has been slowing as the economic downshift sapped factory activity and industrial output. Th e country’s total electricity consumption rose 11.7 percent year-on-year to 4.69 trillion kWh in 2011. Country to launch manned spaceship China plans to launch another manned spacecraft , Shenzhou X, in June 2013, a lead space program offi cial said on Saturday. Th e crew may include two male astro- nauts and a woman, who will enter the Tiangong 1 space lab module, said Niu Hong- guang, deputy commander- in-chief of China’s manned space program. Fewer accident deaths in 2012 Th e number of deaths, caused by accidents in the fi rst 10 months of the year dropped 13.7 percent year-on-year, the State Administration of Work Safety said on Sunday. Meanwhile, the number of accidents declined 14.1 percent from the same period last year, data released on the administration’s website showed. China to be largest robot consumer Demand for industrial robots is predicted to hit 32,000 units by 2014 making China the world’s largest robotics consumer. According to the International Federation of Robotics, the sector’s tech- nology and production has gained momentum amid higher labor costs and China’s eff orts to restructure its eco- nomic growth pattern and improve energy effi ciency. 100 billion yuan for subways Chen Gang, vice-mayor of Beijing, said the capital city will invest 100 billion yuan ($15.9 billion) to build more subways in the future. Th e increase in investment will be used to construct 200 km of subway lines. Th e city aims to expand the total length of its subway network to 660 km by the end of 2012, Chen said. Mo Yan wins top drama award Chinese Nobel laureate Mo Yan has won a Golden Lion award, for his play Our Jing Ke, on Sunday. Our Jing Ke is a retelling of the story of Jing Ke, an assassin famous for his failed attempt to kill a king who later become China’s fi rst emperor more than 2,000 years ago. Broadcast professor dies Zhang Song, a professor who set up guidelines for Chinese television and radio anchors died at the age of 76, on Saturday in Beijing. Zhang died of esophagus cancer. Zhang established theories for presenting TV and radio programs, and taught practical skills for anchors, such as correct pronunciation and how to prepare lines before a show. SICHUAN Magnitude-4.0 quake hits province A magnitude-4.0 earthquake hit Longchang county in the city of Neijiang in Sichuan province at 10:19 pm on Saturday, said the China Earthquake Network Center. Th e epicenter was monitored at 29.3 degrees north latitude and 105.2 degrees east longi- tude with a depth of 10 km, according to the CENC. HEILONGJIANG Migrants’ children get more rights Heilongjiang province has become the fi rst province in the country to allow the children of migrant workers to take part in the national college entrance examina- tion. Provincial educational authorities said in an online notice that students who don’t have permanent residential permits for the province will be able to sit for the 2013 col- lege entrance examination. Survey conducted of Siberian tigers Authorities in Heilongjiang province are conducting a survey to fi nd the exact num- ber of endangered Siberian tigers as their numbers may have increased. Sun Haiyi, deputy director of the Wild Animals Research Institute of Heilongjiang, said the prov- ince had set up more than 20 monitoring sites. According to a survey taken in 2006 and 2007, Heilongjiang has about 12 wild Siberian tigers. HAINAN Newly founded city builds desalinator Construction of a desalinator began in the city of Sansha on Saturday. Th e project, which is expected to process 1,000 cubic meters of seawater daily upon its completion by December 2013, will sup- ply water for residents of Yongxing Island, where the municipal government is seated. Currently, the island’s residents rely heavily on water that is transported onto the island. GUIZHOU Policy leads to divorce boom Th e number of couples fi l- ing for divorce each day in Guiyang, capital of Guizhou province, has increased fi ve- fold since a property policy took eff ect in October. Th e policy stipulates that a house- hold can apply for land area of no more than 130 square meters for housing construc- tion. Newly divorced couples can each apply for 130 sq m of land and then re-marry, dou- bling their property . HUBEI Further protection for porpoises Scientists on Sunday began a survey of endangered fi nless porpoises in the country’s largest river Yangtze. Th e 40-day survey, starting in Wuhan, will track the por- poises using sonar systems along the middle and lower reaches of the river, collecting data on the species’ popula- tion that will assist in forming future protection policies. TAIWAN Taiwan, mainland hold seminar Taiwan and the Chinese mainland have held a joint seminar on Sun Yat-sen and his wife Soong Ching Ling in Taipei. Th e seminar was held at the Sun Yat-sen Memorial Hall on Sunday in Taipei. Six scholars from the mainland and nine from Taiwan submitted a total of 11 research papers on Sun and Soong. CHINA DAILY — XINHUA around china QUOTABLE ON THE WEB Highlights from chinadaily.com.cn ‘‘ THE NUMBER Scan it! Read more on chinadaily. com.cn “Th e commission has completed the checks of each screening machine of Shenzhen Metro. Th e radioactive content of each machine is within the standard range, which will not have an impact on the human body.” Nuclear and Radiation Manage- ment Center under Shenzhen Habitat Environment Commit- tee said on Saturday. Shenzhen Metro reopened 286 scanning machines at 118 stations for pas- senger security checks on Nov 1. Some reports had said that the machines were used without obtaining a license, causing concerns over the machine’s radioactivity. 46,000 MONKS AND NUNS New social security policies coming into eff ect will see more than 46,000 monks and nuns living in 1,800 Tibetan monas- teries being given the same life and accident insurance and pen- sion coverage as other civilians in the Tibet autonomous region, China Radio International re- ported on Sunday. Pictures: Wu Conghan, 101, married his 103-year-old wife 88 years ago. They recently posed for their long-awaited wedding photos in Nanchong, Sichuan province, thanks to the help of a volunteer photographer. Bilingual: A pay rise only leads to short-term satisfaction before the rut sets in again, according to a new study, which found that a rise comes with an inevitable re-evaluation of status. Video: Shen Beili, a senior offi cial with the Central Com- mittee of the Communist Party of China gives an exclusive overview of the ongoing 18th National Congress. Culture: Learn about red under-glaze porcelain, which is distinctively diff erent from other Chinese ceramic styles and is famous for its fl amboy- ant, lively, and intense colors. On China Forum http://bbs.chinadaily.com.cn/ Advice: Ten ways to make yourself happy. FROM PAGE 1 In an article for China Daily published in October, Xiao Gang, chairman of Bank of China, said that shadow bank- ing was like a Ponzi scheme. A Ponzi scheme is a fraudu- lent investment operation that pays returns to investors from their own money or the money paid by subsequent investors. Chinese banks are also priming themselves to steadily expand international business as the yuan becomes more of a global currency. Industrial and Commer- cial Bank of China plans to increase the number of inter- national branches as it focuses on mergers and acquisitions to become a multinational group, Jiang Jianqing, the bank’s chairman said. Th e lender is the world’s largest in terms of market value. “The growth in the over- seas market is even faster than domestic business,” Jiang said. Th e bank, he said, has earned $864 million from its overseas operations in the fi rst half of this year. As Chinese banks expand overseas, the central bank is pushing direct transactions between the yuan and other currencies to facilitate cross- border trade and investment. The Reserve Bank of Aus- tralia is in currency talks with the central bank to start direct trade between the Australia dollar and the yuan, “which is a good thing and the two central banks will fully support it”, Zhou said. According to the Society for Worldwide Interbank Finan- cial Telecommunication, the international payment plat- form, the number of countries and regions processing yuan payments grew to 91 in June from 65 a year earlier, while institutions processing such payments increased to 983 from 617 during the same period. Hong Kong contributed around 80 percent of yuan payments in the first eight months of 2012. An HSBC survey showed that 77 percent of Chinese companies expected one-third of all Chinese trade to be con- ducted in yuan by 2015, and 30 percent plan to use the curren- cy for investment-related pur- poses in the next 12 months. Contact the writers at chen- jia1@chinadaily.com.cn and wangxiaotian@chinadaily. com.cn. Banking: Push for yuan trade settlement ZOU HONG / CHINA DAILY People’s Bank of China Governor Zhou Xiaochuan (center) responds to a reporter’s question at the media center of the 18th National Congress of the Communist Party of China on Sunday. C H I N A D A I L Y nation 3M O N D A Y, N O V E M B E R 1 2 , 2 0 1 2 MO XIAO / FOR CHINA DAILY Husbands kiss their wives at a group wedding in Chengdu, capital of Sichuan province in Southwest China, on Sunday. Singles’ Day promotions draw in shoppers By CHEN LIMIN in Hangzhou chenlimin@chinadaily.com.cn Nicholas Qiu, a salesman in Qingdao, Shandong province, does not usually count himself as a diehard online shopper, but he was on Sunday. The 33-year-old stayed up until 2 am, trawling the Inter- net to buy clothes being sold at half-price before they could be snapped up by other shoppers. He ended up spending more than 4,300 yuan ($690) for three overcoats and a set of cutting tools. Many of his friends were even “crazier”, he said. Tens of millions of Internet users like Qiu took advantage of the half- price promotion, initiated by the e-commerce giant Alibaba Group on Sunday, Nov 11, which is known as Singles’ Day in China, and is the Chinese answer to Cyber Monday in the United States. By 7 pm on Sunday, 14.1 bil- lion yuan of transactions were made on Tmall and Taobao, the two online shopping websites of Alibaba. Th at could make Singles’ Day the biggest e-commerce sales day on record. The research company comScore said US online retailers saw $1.25 bil- lion of sales during last year’s Cyber Monday, the day after Th anksgiving weekend and the busiest day for online retailers as US shoppers start to prepare for Christmas. Singles’ Day originated with university students, and was later adopted by e-commerce companies as a promotional opportunity. The name Singles’ Day is inspired by the date — Nov 11. When the date is written numerically, the singular dig- its are said to represent single people. E-commerce companies, including Jingdong Mall and Amazon China, also took part in the promotion. “In the past, people only shopped online occasionally, but now, online shopping is a lifestyle embraced by many,” said Zhang Yong, Tmall president. In the fi rst 30 minutes of the promotion, 930 million yuan worth of sales were made by Taobao and Tmall — more than the total retail sales in Hong Kong per day in August. In less than 14 hours, the sales hit 10 billion yuan, exceeding what Cyber Monday registered last year. Alibaba began to hold Sin- gles’ Day promotions in 2009, and last year, its transactions totaled 5.2 billion yuan. “I don’t know whether we would lose mo