Rumor said that Huang Guang Yu was arrested as a result of manipulation of stock prices; GOME Electrical Appliances was likely to suspend the stock trading
It was reported that yesterday evening, once the richest man in China—the chairman of GOME Group had been arrested by the Police, including the suspicion of “market manipulation”. For that, Gome news spokesman, He Yiangqing expressed that they were checking the rumor and claimed their current business operations and financial position are very normal, a number of household electrical appliances giant also issued a statement to support GOME.
GOME is not influenced by the arrest of Huang Guang Yu and will continue to recruit
For a few days ago the media disclosed that chairman of GOME Electrical Appliances Holding Ltd., Huang Guang Yu was arrested. The insider of the company expressed that there was no exactly news. He said the current store sales, supplier co-operations were not affected by the news, while the management of the company had no change, and the whole operation of the company was smooth.
Experts: do not build the refined oil pricing mechanism linked with international oil prices
National Development and Reform Commission Han Wenke, director of the Energy Research Institute, said at the international energy agency: not to establish the refined oil pricing mechanism linked with the international oil prices.
Oil Prices Plummeted 60%
By the end of September, Standard Chartered pushed out two new products that “2008 U.S. Oil Index Fund as A series of finances management for customers outside”, the international oil prices has declined by 38% since October.
Price-off Promotions
International crude oil has fallen from the peak of 147.27 dollars a barrel to 50 dollars a barrel, bringing much bigger profit margin. Following the province made a number of private gas station price discounting, Sinopec and China National Petroleum gas stations in Hainan have also begun to discount promotions.
Three Places in Southern Xinjiang will be the first state to implement Free Education for Senior High School
Xinjiang, located in northwest China border, under the support of the country, will take the lead in the south Hotan, Kashgar, Kizisu Kirgiz Autonomous Prefecture to implement the free compulsory education in senior high school, and is striving to popularize the regional 12 years of free basic education till 2015.
Free Compulsory Education to carry out in rural Areas in Chongqing
11:00 am today morning, “Primary and Secondary school teachers’ Forum of Chongqing” was held in Chongqing Municipal People’s Government. CPC Chongqing Municipal Committee, the Standing Committee of Chongqing Municipal People’s Government Executive Vice Mayor, Huang Qifan exchanged views with the primary and secondary school teachers representatives.
Translate (most links are in Chinese)