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October 15, 2009

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Jin Xing launches appeal over debt

JIN Xing, China's most famous transsexual dancer and entertainer, lodged an appeal in a city intermediate court yesterday over a debt of more than 500,000 yuan (US$73,256).

A district court earlier decided that she was liable for the debt.

Jin, 42, founded her own dance company in Shanghai in 2000 and underwent a sex-change operation at the age of 28.

Despite her artistic achievements, Jin had accumulated debts in recent years, her attorney told yesterday's hearing at the Shanghai No. 1 Intermediate People's Court.

Creditor Shi Bo said she lent 478,120 yuan to Jin in September 2008 to pay a debt so that a lien placed on Jin's property on Jianguo Road W. by the Luwan District People's Court could be lifted.

Shi said Jin then authorized her to sell the property on her behalf to pay debts she owed to the China Merchants Bank and two individuals.

Jin promised to pay the money left over from the property sale to Shi, the plaintiff alleged.

The two sides agreed the rest of the money, 1.2 million yuan, would cover Shi's debt and expenses involved in the property trade, the court heard. Shi also said Jin borrowed 50,000 yuan from her before last year's National Day holiday.

A dispute arose as Jin believed the two debts totaling 528,120 yuan were included in the 1.2 million yuan. Jin said she had paid those debts.

Shi said the 1.2 million yuan was eaten up by expenses, such as tax and agents' fees.

The intermediate court did not hand down a decision yesterday.


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