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People & Points
Print Edition> People & Points
UPDATED: December 14, 2009 NO. 50 DECEMBER 17, 2009
Transfer of Mayors



Huang Qifan (left) was appointed as acting mayor of Chongqing, southwest China's largest city and a rapidly growing business center.

The Standing Committee of the Third Municipal People's Congress of Chongqing made the appointment at its 14th session on December 3 when former Mayor Wang Hongju submitted his resignation.

The 57-year-old Huang is well known for his financial expertise. He was


appointed as vice mayor of Chongqing in 2001 after having worked in Shanghai, China's largest business hub, for more than 20 years. During his tenure, Huang devised Chongqing's economic development program and orchestrated restructuring of local state-owned enterprises and financial institutions.

A Chongqing native, the 64-year-old Wang had served as Chongqing mayor since January 2003. He said he had quit because he was near the compulsory retirement age of 65.

Star Scientist



Deng Zhonghan, a U.S.-educated chip scientist, has made history as the youngest academician of the Chinese Academy of Engineering (CAE), the country's national academy for engineering.

CAE announced the addition of 48 scientists, including 41-year-old Deng, as its academicians on December 2.

Deng is chairman of the board and chief executive officer of NASDAQ-listed Vimicro International Corp., which he founded in Beijing in 1999 after returning to China from the Silicon Valley. The company is now the largest multimedia semiconductor technology company in China.

Before founding Vimicro, Deng, who received his Ph.D. in electrical engineering from the University of California at Berkeley, was a research scientist for IBM at the T.J. Watson Research Center in Yorktown Heights, New York.

Deng has received numerous awards for his achievements, including the National First Class Award for Science and Technology in 2005.

CAE academician is China's highest national academic title in engineering science and technology, and is a lifelong honor. The academy now has 756 academicians.

Dirty Trader Executed

Yang Yanming, the first securities trader in China to receive a death


penalty for embezzlement, was executed in Beijing on December 8.

Yang, 51, was sentenced to death on December 13, 2005, by the No.1 Intermediate People's Court of Beijing in a first-instance trial. He was convicted of embezzling and misappropriating 94.52 million yuan ($13.84 million) of public funds from 1998 to 2003 when he served as general manager of the Beijing trading business department of the China Great Wall Trust and Investment Corp. (now Galaxy Securities Co. Ltd.). He used the public funds for personal benefits, including starting up a private company, purchasing real estate and investing in futures business, said the final court ruling.

Yang has kept silent on the whereabouts of the misused funds, according to the ruling.

The Higher People's Court of Beijing ruled against Yang's appeal and upheld the death penalty on April 21. The Supreme People's Court approved it after reviewing the case.

"We must be able to deliver back to the world what was granted us here today: hope for a better future."

Lars Loekke Rasmussen, Danish Prime Minister, at the opening of the climate change summit in Copenhagen on December 7

"Teaching others how to fish is better than giving fish."

Yi Xiaozhun, Chinese Vice Minister of Commerce, calling on countries to share their experience in developing "green economies" at the 13th Session of the UN Industrial Development Organization General Conference

"The aim is to show the government is unable to protect civilians and its own people and also to deter people from going to ballot boxes."

Mowaffak al-Rubaie, Iraqi national security adviser, on the motives behind a series of fatal car bombings in the center of Baghdad on December 8

"Despite some initial signs of economic upturn and because of the significant rise in unemployment and in part-time work, support measures should not be withdrawn too early."

Raymond Torres, Director of the International Institute for Labor Studies of the International Labor Organization, warning that an "early exit" from anti-crisis measures could postpone a job recovery for years and render the fledgling economic upturn "fragile and incomplete"

"If you're an engineer, you don't want to outlaw the great technology you've been working on. If you're a marketing person, you don't want to outlaw the thing you've been trying to sell. If you're a CEO, you don't want to outlaw the thing that's making a lot of money."

Bob Lucky, a former engineer at Bell Labs, on why the mobile phone industry fended off the line that using phones while driving could make accidents more likely

"So far, cooperation between governments is lagging behind cooperation between organized crime networks."

UN Secretary General Ban Ki-moon, telling a UN Security Council meeting for intensifying efforts to combat illicit cross-border and cross-regional drug trafficking on December 8

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