 China Scene: South
(China Daily)
Updated: 2008-07-04 07:38 Trader let off scot-free after stock losses Guangzhou Intermediate People's Court recently upheld a lower court's ruling that Lei Ming, who helped his superior Meng Xun trade stocks, was not personally responsible for Meng's losses on the stock market. Meng deposited a total of 180,000 yuan ($26,000) into Lei's bank account on 11 separate occasions over the period from November, 2003, to June, 2004, with the request that Lei trade the stocks for him. But when Meng asked Lei to sell up all stocks and wind up his stock trading bank account in May of 2006, Lei returned only 85,400 yuan. Meng sued Lei for compensation of his loss, but Panyu District People's Court ruled in favor of the defendant, on grounds that Lei had not made any mistake and was hence not liable for compensation of the amount lost last year. (Guangzhou Daily) Air raid warning alarms and angers local residents The Civil Air Defence Office of Nanning, capital of the Guangxi Zhuang autonomous region, made a public apology on Thursday morning for sounding the city air-raid siren . The civil air defence office admitted that it was a contrived incident in the wake of a thorough investigation. The office held a press conference for purposes of making a public apology to local residents after receiving complaints that the city's air defense warning had obtruded on the normal work and lives of local residents, who had no choice but to be exposed to the 20-minute-long siren call. (Nanguo Morning Post) (China Daily 07/04/2008 page5) |
