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Lin Chunping Makes Up Fake U
bank and claimed he bought it.
The littleknown businessman shot to fame in January when state media reported that he had taken over Delawarebased Atlantic Bank. The unprecedented acquisition brought him praise: His hometown gave him a prestigious political appointment and state media called his business experience "legendary."
The only thing that may have been legendary is Lin's audacity. Not only did he not buy Atlantic Bank in Delaware for $60 million as he claimed, but there is no Atlantic Bank in that state.
Chinese reporters could not locate an Atlantic Bank or a bank registration by Lin in Delaware. He's under arrest for an unrelated fraud and has been forced to give up his municipallevel appointment to the Chinese People's Political Consultative Conference, the government's top advisory body.
Lin, who was arrested in early June, could not be reached for comment. But the 41yearold's short, spectacular rise and fall shows how fakery has evolved in China, morphing from the manufacture of copycat goods to entire institutions and careers.
Last year, officials found five fake Apple stores in the southwestern city of Kunming. company's iconic stores right down to the winding staircase and the staff in blue Tshirts.
In early June, local press in eastern Shandong province exposed a fake university. Students who did not score high enough on the national college entrance exam to make it into university received sham admission letters to the Shandong Institute of Light Industry, a real school. The students paid nearly 30,000 yuan ($4,800) over the course of four years to attend classes at the institute.
Weeks before graduation, the students learned they would not get diplomas because they were not officially enrolled at the school but in a private training program that rents space from the institute, according to the report in the staterun Jinan Times. The program organizer had disappeared, the newspaper reported.
Among students, getting ahead by padding resumes or other subterfuge is common. schools are fake, that 70 percent of the essays are written by someone else and that half the transcripts are fabricated. Zinch drew the numbers from interviews with Chinese students, parents and agents.
Experts point to many reasons for the widespread of lack of scruples, from the need to be hypercompetitive to succeed in an overpopulated society to an ancient sage who countenanced lying to achieve a higher purpose.
He Huaihong, a Peking University philosophy professor who teaches ethics, takes aim at China's politics, specifically the disconnect between an avowedly communist leadership and the capitalist economy it oversees.
"Jargon left from a century of political revolution is so disconnected with reality that the society is filled with meaningless, empty talk," said He. bank, and that the bank had declared bankruptcy in 2008 because of the financial crisis. To add more flair to the story, Lin told reporters that the bank had been running for 85 years and was run by Jews, who are stereotypically seen by many Chinese as having superior business skills.
Lin's story was particularly captivating because overseas acquisitions are a point of pride in China, showcasing its rising economic power. decline.
His claims also cheered his hometown, the eastern city of Wenzhou, which was reeling from a governmentimposed credit crunch that had ruined some highly leveraged entrepreneurs, some of whom fled the city and their debts. A few committed suicide. bank nonetheless. He wasn't even a banker to begin with," said Zhu Xiaochuan,[url=http://www.floware.fr]michael kors pas cher[/url], a researcher on China's financial law at CEIBS Lujiazui Institute of International Finance in Shanghai. "The news must be credible because it was in mainstream media. The public were amazed how wealthy Wenzhou businessmen were."
A profile on the website of the ruling Communist Party's newspaper People's Daily depicts Lin as sharp and hardworking, selling buttons as a teenager, then purchasing a copper and gold mine in Ghana and investing in the rice business in China. The profile is still available online.
Lin said he renamed the bank USA New HSBC Federation Consortium Inc. and that the institution had already attracted $40 million in deposits with the prospect of turning an annual profit of $5 million to $6 million. The new name had an air of respectability, borrowing from the Londonbased global banking giant HSBC Holdings, whose brand is wellknown in China. banking regulations checked into the legitimacy of Lin's claims. They found no Atlantic Bank in Delaware and that Lin's New HSBC was not licensed to offer banking services in Delaware.
When his nonexistent bank was exposed in March, Lin told reporters he made "exaggerations" to raise his social status and to win future opportunities in banking.
Lin is not known to have made any money off his bank claims, but after they were shown to be false he apparently became a target in a police campaign to crack down on economic crimes.
A statement on the Wenzhou police bureau's website said he is suspected of having falsified invoices worth of hundreds of millions of yuan (tens of millions of dollars) through several of his companies in a taxevading scheme.
Let's see, China has been stealing our technology for how many years and our government lets them get away with it, they still have favored trade agreements. They also reward their people for economic successful attacks against the United States such as the bank and internet attacks against our businesses. Sound like state sponsored economic warfare given free run by our government, wake up and kickout any politician who not only refuses to acknowledge publicly the issue but is in league with them.

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small actors perform in a hobbyhorse opera
3 pages page 123 of 40 top 40 comments
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Lin Zhaoyuan teaches grandson Lin Jiewei
made Ma
"hobbyhorse opera" '' is also called Ma Yi, lantern,[link widoczny dla zalogowanych], Chikuma lamp,[link widoczny dla zalogowanych], bamboo horse as props,[link widoczny dla zalogowanych], from folk songs and dances hobbyhorse Lantern Dance gradually,[link widoczny dla zalogowanych], since the formation of the Tang Dynasty, has been 1200 years of history,[link widoczny dla zalogowanych], as an ancient and rare folk song and dance drama,[link widoczny dla zalogowanych], hobbyhorse opera enjoys the reputation of "Tang and Song Yi Yin" and the opera "living fossil". The Zhuma opera old artist advanced in age,[link widoczny dla zalogowanych], imparting skills can only explain Zhuma opera,[link widoczny dla zalogowanych], it is difficult to teach,[link widoczny dla zalogowanych], hobbyhorse opera performing arts heritage encountered great difficulties,[link widoczny dla zalogowanych], this wonderful drama gradually decline. At present, the hobbyhorse Opera Troupe,[link widoczny dla zalogowanych], folk troupe has not existed,[link widoczny dla zalogowanych], hobbyhorse Opera artist dwindle, Chikuma inheritance play skills in a very embarrassing situation.
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yesterday, love people and our reporter, condolences to the families. Among them, 15 households living in the family household will receive 800 yuan in cash and a bag of rice, a barrel of oil and a box of instant noodles, 17 other families will get rice and oil.

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Core tip: the reporter learns, undo the 6 Office of the street the existing Chuzhou city Langya District, will be under the 26 communities merged into 10 communities,[link widoczny dla zalogowanych], responding to community management system reform. Director Liu Qing Qingliu community Commission told reporters, all future transactions are in the community public service center for.
reporter yesterday from the Langya District of Chuzhou city was informed that, in response to community management system reform, the first undo 6 offices existing, will be under the 26 communities merged into 10 communities,[link widoczny dla zalogowanych], the district straight community, working process is simplified,[link widoczny dla zalogowanych], the convenience of residents.
1954 years,[link widoczny dla zalogowanych], the state promulgated "city street office organization regulations", from the office of the street as the city or district government agencies have the legal status. Along with the community to satisfy the needs of the residents,[link widoczny dla zalogowanych], adjust interest relations,[link widoczny dla zalogowanych], resolving social contradictions, maintaining social stability is more and more in the front position,[link widoczny dla zalogowanych], the past city, District, street,[link widoczny dla zalogowanych], four community structure is difficult to be directly, timely, efficient services for residents.
2010 year in July, the city zone of Tongling Tongguanshan District, the first national rate,[link widoczny dla zalogowanych], pilot cancellation neighborhood offices, community residents' self management affairs. At present, the city of Tongling has been in the comprehensive withdrawal street, becoming China's first revoke all run the streets of cities.
"community service integration, we work where to?" asked Yang Qingliu community residents. To this,[link widoczny dla zalogowanych], Liu Qing of director of Qingliu community Commission told reporters, all future transactions are in the community public service center for. For example, apply for the birth certificate, the past must first to the neighborhood to fill in a form, and then report to the District Office of the streets, the Planning Commission to declare the fastest,[link widoczny dla zalogowanych], a week or so. Now as long as the community public service center can run for up to two days,[link widoczny dla zalogowanych], you can get a certificate. (Xie Hui reporter Ye Sujian)
news background
the original title: Chuzhou withdrawal 6 Office of the street Langya District 26 community into 10 communities in
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yesterday at five thirty in the afternoon, the reporters came to the two golden mountain tunnel on the west side of the road. From the tunnel about 200 meters, four lanes through the fence and into a lane, funnel-shaped tunnel become blocked. With the arrival of the rush hour traffic, from west to east direction, from the "funnel" into the viaduct in Doumen.

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data clearly show, after A shares years bear pain after shock reflection, many fund companies are re adjust the strategic focus of future, component fixed income products in development strategies grow with each passing day. The strategic adjustment, on the one hand from the bull market of rapid expansion,[link widoczny dla zalogowanych], the stock market short-term difficult to expand the space,[link widoczny dla zalogowanych], input-output ratio decreases approaching fund >
the issue of the new fund tide still in the fermentation,[link widoczny dla zalogowanych], but the balance weight is positive fixed income products tilt.
&nbsp,[link widoczny dla zalogowanych]; &nbsp,[link widoczny dla zalogowanych]; - reporter Li Liang
however,[link widoczny dla zalogowanych], this does not mean that the A shares market will obtain more increment capital. Careful observation will find, structure the new fund issue this year than ever before with a huge change, fixed income products to the bond fund as the main proportion soared, and focus on the A shares of the investment of partial stock funds fell into "the actor". The declaration of funds from the new situation,[link widoczny dla zalogowanych], this phenomenon will continue for a period of time. This shows that, compared to the A stock market, bond market in the issue of the new fund benefit more.

WIND data display, as of March 15th, just three months time, the number of newly established this year fund reached 54, the first offering amounted to 152900000000; at the same time, are issued by the fund still has 29 more, and in the next week will be a release date there are only 8, in addition,[link widoczny dla zalogowanych], there are a large number of fund accumulation in the SFC's desk pending -- it is as expected, the new fund issue "channel system" after the abolition of this year, will be a new base offering higher wave.
this structural change in the issuance of new funds, in the last year has surfaced. According to data from WIND, in 2009, when the new fund first offering a total of 372200000000, 217000000000 from stock funds, accounting for more than 58%,[link widoczny dla zalogowanych], while bond funds and money funds total amount raised for the first 50600000000, accounted for only 13.6%. But with the gradual change of the risk preferences of investors, to 2012,[link widoczny dla zalogowanych], when the new fund first offering a total of 651100000000,[link widoczny dla zalogowanych], 474900000000 from bond funds and money funds, accounting for more than 73%,[link widoczny dla zalogowanych], while the stock fund first offering amount is only 110200000000, accounted for only 17%. And between the fixed income products and the stock product of this new medium in the issue of structural reversion, has continued this year: 152900000000 first raised the amount of new funds this year, the stock fund contributes only 13300000000, occupy than shrank to 8.6%, bond funds and money funds to further expand the proportion of victory, up to 87.7%.
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before the CSRC revised "measures" securities investment fund management solicit public (referred to as "the draft"). For bond funds, "draft", debt leverage ratio should not exceed 140% of its net assets, in addition, the single bond holdings also made similar shares based on "double limit".

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,[link widoczny dla zalogowanych]
a number of brokerage said,[link widoczny dla zalogowanych], the next period of time the Commission will also release notice of drug prices,[link widoczny dla zalogowanych], drug price adjustment category will continue to expand
issued in August 5th notice is to single drug pricing to limit the price the most concentrated in the higher price of foreign enterprises. In this regard, Huaxin securities, said in a report released in August 9th, which reflects the national regulation on foreign "high" drug and reduce the original research between domestic and overseas drug drug price, promoting fair competition determination.
(securities market weekly,[link widoczny dla zalogowanych].)
[Financial] reporter in Ningbo. In August 10th, CITIC issued a research report, the next period of time the Commission will also release notice of the price cut drug,[link widoczny dla zalogowanych], drug price adjustment category continue to expand. UBS Securities in a report released in August 6th, also expressed the same view,[link widoczny dla zalogowanych], and pointed out that these four categories of drugs, blood system tumors, gastrointestinal and respiratory system may be the development and Reform Commission cut retail prices of the highest goal.
since 1998,[link widoczny dla zalogowanych], the national development and Reform Commission through administrative means of price of 28 times to adjust.
since 2011,[link widoczny dla zalogowanych], the national development and Reform Commission announced so far a total of 4 drug dosage is the biggest of the new reference price. In August 5th,[link widoczny dla zalogowanych], the national development and Reform Commission issued a notice within second years time adjustment of drug price-cap, mainly for the part of hormone, regulates endocrine and nervous system drugs. March last round of price is mainly directed against infection and cardiovascular drugs. One of the features of the price adjustment
on the above judgment, August 10th, President of the Association for enterprise management in a telephone interview Yu Mingde expresses to the reporter, since 2011, the national development and Reform Commission has announced 4 kinds of drug dosage is the biggest of the new reference price,[link widoczny dla zalogowanych], the future price policy is very likely to achieve full coverage of major diseases. Ranking from disease and classification of drug sales, tumor, gastrointestinal and respiratory system drugs are likely to be the next price target,[link widoczny dla zalogowanych], but is unlikely to blood drug. This is mainly due to blood drug currently in short supply in the state, and the retail price and the price-cap is very close, no need to adjust the product price ceiling.
and many firms expressed the Commission will continue to cut drug highest retail price point of view. August 8th, published research reports, national renders the normalization of drug price regulation. On the same day, the post in the securities issued a research report further pointed out, the next 2,[link widoczny dla zalogowanych], 3 years, will be China's drug price intensive adjustment period, the pharmaceutical industry will face the risk of price is relatively large, especially cardiovascular, antibiotic, antitumor and endocrine major disease medication.
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The bomber was visible, cuts to the thousand or a thousand pieces of the following, he said with emotion: "I often think of soldiers rescuing the people vision, enjoy life though hard up.is to offer him a drink to drink.