英文要目

Exclusive Interview with China’s Vice Minister of Finance

The year of 2012 is quite important for China’s public finance， said China’s Vice Minister of Finance Wang Jun during an exclusive interview with the Economy and Nation Weekly， adding that more investment and more balanced allocation of financial resources are required for defending the people’s livelihood and ensuring social welfare.

Birth of City of Sansha

The City of Sansha was established on June 24th， with its headquarter in the Yongxing Island. The administrative map of Sansha covers the Xisha， Zhongsha and Nansha islands and the surrounding waters in the South China Sea. Experts consider that the establishment of the new city will help safeguard the sovereignty and develop resources in the South China Sea.

Trading on Inside Information?

The U.S. Securities and Exchange Commission (SEC) said on July 27th that it has obtained an emergency court order to freeze the assets of traders suspected of trading on inside information ahead of a deal between China National Offshore Oil Corporation (CNOOC) and the Canadian oil company Nexen.

Situation of Drainage System in Beijing

The drainage system in the second ring road of Beijing performed well during the rainstorm on July 21st that has killed 77 and caused huge loss， as the drainage facilities in some other districts of the city showed their insufficiency. Our reporter investigated the actual situation of drainage system in Beijing.