Beijing Today (December 31, 2004)

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In the open valley between two passes lies a unique cultural sight, the town Page 16 of Nianbadu.

“From now on, I am an ordinary villager in Wenlou ...” Page 8

FRIDAY DECEMBER 31 2004

NO. 187

CN11-0120

“Beijing’s winter is cold, but its nothing like living in the dark for two months at 20 degrees below zero, like in Stockholm.” Page 14

HTTP://BJTODAY.YNET.COM

TV Maker Faces $460 Million Deficit By Sun Yongjian best performing assets,” Changhina’s largest TV manu- hong spokesman Liu Haizhong facturer, the Sichuan-based said in a statement released to Changhong Electric Com- the media on Monday. pany, announced a deficit of nearly “The banks’ confidence in half a billion US dollars Tuesday. Changhong has improved in Following the announcement, 2004, despite the large deficit,” Changhong’s share price fell 0.5 the statement stressed. yuan on the Shanghai stock ex“The big four state-owned comchange, wiping 475 million yuan mercial banks have finished the off the company’s market value, credit extension to Changhong in according to a report in Beijing 2005, with an amount of 8.5 bilMorning Post yesterday. lion yuan implemented. Some othListed in 1994, the brand value er shareholding commercial banks of Changhong products reached such as Minsheng Bank, Merchant 33.1 billion yuan in 2004 and the Bank and Everbright Bank are company has won fame as the ready to provide a 4 billion yuan most valuable domestic brand, ac- credit extension to Changhong,” cording to its own website. the statement said. “The deficit is due to unLiu Haizhong told Beijng Tofavorable factors caused by a day Monday that the enterprise US-based importer called Apex remains in a sound condition both Digital, a major importer and in terms of financial indicators and sales agent of Changhong in the in business operations. He expectUnited States,” the announce- ed that all business operation indiment said. cators would increase in 2005. “Payments on a $467.5 mil- Apex head detained? lion debt Apex owes “David Ji (Ji LongChanghong are in arfen), the board chairrears due to a comman of Apex Digital bination of factors, has been detained by including the US govSichuan police since ernment’s anti-dumpOctober, 2004 on ing policy against charges of fraud,” 21st China-made TV sets, Century Business Herfailed business opald reported. But eration, and patent Sichuan police would application expenses not confirm the report which have caused to Beijing Today when great losses for Apex. contacted Tuesday. Changhong is conA spokeswoman tinuing to demand the Apex Digital chairman for Apex Digital, Marpayment through le- David Ji ietta Schoenherz, iniPhoto by ynet.com gal means,” the statetially said on Monday ment continued. that she had not heard any news The statement did not refer of Ji’s supposed detention, acto the alleged detention of Apex cording to a report in Tuesday’s board chairman Ji Longfen in New York Times. Sichuan. Later she issued a statement Rumors of deficit confirmed from the company’s general counOn March 5, 2003, Securities sel, who was not identified, which Daily reported that Changhong said that a disagreement between had been defrauded in the US Changhong and Apex was being by Apex. addressed. The statement also said “Sources from some sales that the company anticipated Ji’s agents of Changhong told Secu- “return to the US shortly.” rities Daily that several hundred David Ji was honored by Time million yuan were at risk be- magazine in December 2002 as one cause Changhong’s import and of the most globally effective entresales agent company in the US, preneurs, according to a report in Apex, had refused to pay sales Beijing Youth Daily on Monday. income to Changhong on time,” Ji and his partner Xu Anke, the report said. jointly set up Apex brand DVD at But a senior administrator the end of 1999 and had won 15 of Changhong’s department of percent of the market share by the overseas sales named Shi Zheng- end of 2000. “The sales of 87 perping told domestic media in- cent of TVs imported from China cluding China News Agency on in the US market rely on Apex,” Ji March 6 that year that the ru- has been quoted as saying. mor was unfounded. The sales agent relationship The announcement by Chang- between Changhong and Apex hong suggests the Securities Dai- started from 2001, when Ni Runly report was correct. feng, the former board chairman Putting on a brave face of Changhong visited the US with “Of the amount in arrears, an eye to capturing a slice of the $150 million is expected to be local TV market. From July 2001, withdrawn, according to the as- Changhong TVs were exported to sessment of the assets con- the US where they were sold by dition of Apex,” Changhong’s Apex. Sales of Changhong TVs in announcement said. It went on, 2002 and 2003 were worth $1.3 “Changhong has made provi- billion, according to a report in the sions to cover the possible loss- Shanghai based Daily Economic es of $310 million.” News on Monday. All business relations between However Ji and Apex had long the two companies were cut in been notorious for a high level April this year, when Changhong of debt to several domestic applifound that $310 billion Apex ance makers, the report said. owed Changhong was at risk of National bond investment being withdrawn. “By December 25, around “Despite the large deficit, the 182.8 million yuan of Changasset liability rate of Changhong hong’s, which had been entrusted still remains under 50 percent to Southern Securities to be inafter necessary accounting mea- vested into national bonds were sures are taken to deal with the at risk because the securities firm deficit. With net assets of 14 bil- has been involved in a depressed lion yuan, Changhong still rates liability crisis,” the Changhong as a domestic enterprise with the announcement said.

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Photo provided by Changhong

Workers at Changhong’s TV factory in Mianyang, Sichuan.

An Invisible Killer Called Depression By Chu Meng hang Fan has finally overcome a 16-month nightmare that began when her only daughter committed suicide. She has placed herself under the spotlight of the media to tell her story in the hope that by doing so, she might help some of the tens of thousands of young people who are suffering in the grip of a disease called depression. “For university students under unendurable pressure, and for those parents who are concerned about the health of their

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children, I have to stand up and say that depression is not such a horrible thing as many people think. Instead, through right treatment both mental and medical, it is completely curable,” 53-year-old Zhang told Beijing Today on Tuesday. Zhang’s daughter, Yang Yuqing, was 24 years old and in the third year of a master’s program at Fudan University’s School of Journalism when she committed suicide in September last year. Consistently at the top of

Zhang Fan with a photo of her daughter, Yang Yuqing. Photo by Jiang Baohu

her class at school, she had always had her heart set on gaining admittance to one of the first-class universities. However in 1997, just one month before the national exam for university admittance, she lost her exemption status. This blow, according to her mother, marked the beginning of her descent into depression. “However, my daughter eventually still managed to enter Fudan University through her own efforts. Her grades topped all students from Qingdao that year. But I didn’t know then that the trauma was impressed in her heart forever. From then on, my daughter began her six years fight with depression. The situation didn’t even get better when she was offered a place in the postgraduate school of journalism,” Zhang said. After Yang Yuqing’s suicide, the grieving couple suddenly discovered that as well as the loss of their only daughter, they had to deal with other people’s misunderstandings of the disease of depression, gossip about the girl killing herself because of an unhappy love affair, and even blame for failing to prevent such a tragedy. “The enormous pressure from the public deeply hurt my husband and I. Depression is not something that should make people react in such a way. It is just like any other psychological disease, though it is relatively unfamiliar to Chinese, especially older people,” Zhang said. However, the nightmare was just beginning for Zhang Fan and her husband. As Beijing Today reported on November 5,

events took a bizarre turn when the grieving couple were locked up for almost two months in a psychiatric ward of the Shanghai Psychiatric Health Center, where their daughter had received psychiatric treatment for six years. Zhang said that following her and her husband’s release from the hospital, she resolved to come to terms with her daughter’s suicide, and to learn how depression could have brought her to death. “Moreover, I hope can find a way of helping people who are mired in the same swamp,” she said, “Now it has been 16 months since she died. In that time, I have become more and more aware of what this disease can do. I want to work as a psychiatric consultant at suicide prevention centers with the aim of helping depressed students and their parents.” On September 10, World Suicide Prevention Day, Zhang made a speech at a conference organized by the World Health Organization (WHO)’s Association of Suicide Prevention. She told the conference that the number of university students in the grip of depression and who require professional help is not small. As a mother, she strongly advocated that those students actively face the disease and seek help from psychiatric professionals, parents and friends. For their part, the parents should reduce the pressure of them and ensure their children receive proper treatment as early as possible. (Continued on page 2) EXECUTIVE EDITOR: JIAN RONG EDITOR: HOU MINGXIN DESIGNER: PANG LEI

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Beijing Today (December 31, 2004) by Beijing Today (《今日北京》英文周报) - Issuu