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General Li Zuocheng was appointed commander of the Army of the Chinese People’s Liberation Army （PLA）， becoming the first to hold the position since the founding of the PLA in 1927. The General Command of the PLA Army was inaugurated in Beijing on December 31， 2015.
Born in 1953 in central China’s Hunan Province， Li joined the PLA at the age of 17.
Li rose through the military ranks and was promoted to commander of the 41st Group Army in 1998， becoming the youngest officer to hold such a position in China at that time.
He was then appointed deputy chief of staff of the Guangzhou Military Area Command in 2002 and became deputy commander of the Chengdu Military Area Command five years later. In August 2013， he was promoted to commander of the Chengdu Military Area Command. He attained the rank of general in July 2015.
Online Payment Supervision
Guangzhou Daily December 30， 2015
The People’s Bank of China， the nation’s central bank， released a new regulation for online payment services by non-banking institutions on December 28， 2015. The new rules were set in place in a bid to regulate online payment businesses， prevent risks， and protect the interests of customers.
Previously， online payment platforms such as Alibaba Group’s Alipay relied primarily on self-moderation to guarantee safety. Therefore， once safety loopholes occurred， customers’ interests would inevitably become jeopardized. The new regulation is necessary in order to reduce potential economic losses for customers. However， government supervision should support rather than restrict the development of online payment. Compared to a draft regulation published in July 2015， the latest version allows more room for financial innovation.
The Internet is changing our lives， though online payment is only a small part of it. Because of the Internet’s rapid development， its regulation often lags behind the emergence of new online applications. The oversight of the Internet should adapt in accordance with the changes that shape it. Governance should serve to encourage innovation rather than stifle it.
The Belt and Road Initiative—Many Opportunities
Oriental Outlook January 7
China has been accelerating its drive for globalization at an increasing pace， as made evident by a variety of policies enacted by the Chinese Government last year. Some examples include the establishment of the Asian Infrastructure Investment Bank. Nonetheless， the most notable one is the unfolding of the Belt and Road Initiative， with the Chinese Government’s release of the Vision and Actions on Jointly Building Silk Road Economic Belt and 21st-Century Maritime Silk Road in March 2015.
The initiative is a comprehensive development program that incorporates investment， industrial capacity， intellectual property rights and infrastructure connectivity. It will provide precious opportunities for all countries involved. In addition， the drive will help improve the investment environment in developing countries through the construction of a series of infrastructure projects.
China has its own reasons to embrace rapid internationalization. In the wake of an aging society， the working-age demographic dividend is evaporating. The economic growth previously powered by the labor-intensive manufacturing industry is losing momentum， and now the country faces the serious challenge of restructuring its economy.
The Belt and Road Initiative appears poised to inject new impetus into China’s development. As countries along the Silk Road routes speed up their modernization， Chinese products and technology will become increasingly in demand in those regions. From this perspective， the initiative is both an opportunity provided by China to the world and a chance for China’s own development.
Streaming Sites Need More Originality
Guangming Daily December 29， 2015
In December 2015， V.qq.com， a popular video website owned by Chinese Internet giant Tencent， bought the right to air the Victoria’s Secret Fashion Show. In recent years， the competition for copyrights has extended from TV channels to streaming sites， with a number of video websites spending vast sums of money in order to gain high-quality content.
With the dawn of the fourth and fifth generations of mobile technology， watching videos online on mobile terminals is becoming increasingly fast and convenient. Recognizing that the online video sector is lucrative， Internet companies are scrambling to grab a larger share of the market. In an effort to get more clicks and advertising income， companies are buying copyrights and screening rights from overseas sources en masse.
Why are Chinese TV stations and websites spending so much money buying foreign programs？ The primary reason is that domestically produced programs often lack innovative ideas and are crudely made. Nonetheless， such a practice is unsustainable from a long-term perspective—increasing investment in domestic programs is required to make homegrown contexts more attractive. Take a look at streaming websites around the world， where the focus is placed on self-made programming. Netflix， for instance， has become well-known for the popular House of Cards series. Buying international copyrights constitutes no problem. However， the promotion of original programs is crucial for the development of the Chinese video industry.
PROMISING YOUNG SCIENTIST
Liu Mingzhen， a professor at the University of Electronic Science and Technology of China in Chengdu， capital of southwest China’s Sichuan Province， becomes the youngest recipient of China’s ambitious scheme to sponsor its most promising scientists. The program is named the Thousand Talents Program， and was also awarded to Yang Shu—both were born in 1990.
They will each be granted their own scientific research facilities， a living allowance of 500，000 yuan（$76，700）， and a scientific research fund of 1 million-3 million yuan （$153，400-460，200） over the next three years.
Liu obtained her bachelor’s， master’s and doctorate degrees from Bristol University， University of Cambridge and University of Oxford in the United Kingdom respectively in 2011-2015. She has made a series of breakthroughs in perovskites， an emerging class of semiconductors providing a low-cost alternative to siliconbased photovoltaic panels.
A thesis co-authored by the then 23-year-old Liu was published in Nature in September 2013， making her the youngest Chinese scientist to date to be featured in the scientific journal.
“As female graduates probably need about four to five years to act as mothers of one—and now two children—certain hospitals refuse to recruit women.”
Jiang Jun， a female physician at Wenzhou Medical University’s Eye Hospital in Zhejiang Province， in response to an online survey that revealed unequal treatment of male and female scholars， on January 3
“People used to go to restaurants mainly on special occasions， but they’re now dining out either because they can’t be bothered to cook， or simply because they want something other than home-cooked meals.”
Feng Enyuan， Vice Chairman of the China Cuisine Association， explaining the reason for the flourishing catering industry
“The choice of supply-side structural reform indicates that China does not intend to employ traditional stimulus measures...thus trying to find a new path for its sustainable economic development.”
Ulises Granados， a professor of international relations at Mexico Autonomous Institute of Technology， on December 31， 2015
“Currently， the negative effects of the mechanism are greater than the positive effects.”
The China Securities Regulatory Commission spokesman Deng Ke saying in a statement on January 7， regarding the suspension of stock market“circuit breaker” mechanism that had been implemented since the beginning of this year
Born in 1953 in central China’s Hunan Province， Li joined the PLA at the age of 17.
Li rose through the military ranks and was promoted to commander of the 41st Group Army in 1998， becoming the youngest officer to hold such a position in China at that time.
He was then appointed deputy chief of staff of the Guangzhou Military Area Command in 2002 and became deputy commander of the Chengdu Military Area Command five years later. In August 2013， he was promoted to commander of the Chengdu Military Area Command. He attained the rank of general in July 2015.
Online Payment Supervision
Guangzhou Daily December 30， 2015
The People’s Bank of China， the nation’s central bank， released a new regulation for online payment services by non-banking institutions on December 28， 2015. The new rules were set in place in a bid to regulate online payment businesses， prevent risks， and protect the interests of customers.
Previously， online payment platforms such as Alibaba Group’s Alipay relied primarily on self-moderation to guarantee safety. Therefore， once safety loopholes occurred， customers’ interests would inevitably become jeopardized. The new regulation is necessary in order to reduce potential economic losses for customers. However， government supervision should support rather than restrict the development of online payment. Compared to a draft regulation published in July 2015， the latest version allows more room for financial innovation.
The Internet is changing our lives， though online payment is only a small part of it. Because of the Internet’s rapid development， its regulation often lags behind the emergence of new online applications. The oversight of the Internet should adapt in accordance with the changes that shape it. Governance should serve to encourage innovation rather than stifle it.
The Belt and Road Initiative—Many Opportunities
Oriental Outlook January 7
China has been accelerating its drive for globalization at an increasing pace， as made evident by a variety of policies enacted by the Chinese Government last year. Some examples include the establishment of the Asian Infrastructure Investment Bank. Nonetheless， the most notable one is the unfolding of the Belt and Road Initiative， with the Chinese Government’s release of the Vision and Actions on Jointly Building Silk Road Economic Belt and 21st-Century Maritime Silk Road in March 2015.
The initiative is a comprehensive development program that incorporates investment， industrial capacity， intellectual property rights and infrastructure connectivity. It will provide precious opportunities for all countries involved. In addition， the drive will help improve the investment environment in developing countries through the construction of a series of infrastructure projects.
China has its own reasons to embrace rapid internationalization. In the wake of an aging society， the working-age demographic dividend is evaporating. The economic growth previously powered by the labor-intensive manufacturing industry is losing momentum， and now the country faces the serious challenge of restructuring its economy.
The Belt and Road Initiative appears poised to inject new impetus into China’s development. As countries along the Silk Road routes speed up their modernization， Chinese products and technology will become increasingly in demand in those regions. From this perspective， the initiative is both an opportunity provided by China to the world and a chance for China’s own development.
Streaming Sites Need More Originality
Guangming Daily December 29， 2015
In December 2015， V.qq.com， a popular video website owned by Chinese Internet giant Tencent， bought the right to air the Victoria’s Secret Fashion Show. In recent years， the competition for copyrights has extended from TV channels to streaming sites， with a number of video websites spending vast sums of money in order to gain high-quality content.
With the dawn of the fourth and fifth generations of mobile technology， watching videos online on mobile terminals is becoming increasingly fast and convenient. Recognizing that the online video sector is lucrative， Internet companies are scrambling to grab a larger share of the market. In an effort to get more clicks and advertising income， companies are buying copyrights and screening rights from overseas sources en masse.
Why are Chinese TV stations and websites spending so much money buying foreign programs？ The primary reason is that domestically produced programs often lack innovative ideas and are crudely made. Nonetheless， such a practice is unsustainable from a long-term perspective—increasing investment in domestic programs is required to make homegrown contexts more attractive. Take a look at streaming websites around the world， where the focus is placed on self-made programming. Netflix， for instance， has become well-known for the popular House of Cards series. Buying international copyrights constitutes no problem. However， the promotion of original programs is crucial for the development of the Chinese video industry.
PROMISING YOUNG SCIENTIST
Liu Mingzhen， a professor at the University of Electronic Science and Technology of China in Chengdu， capital of southwest China’s Sichuan Province， becomes the youngest recipient of China’s ambitious scheme to sponsor its most promising scientists. The program is named the Thousand Talents Program， and was also awarded to Yang Shu—both were born in 1990.
They will each be granted their own scientific research facilities， a living allowance of 500，000 yuan（$76，700）， and a scientific research fund of 1 million-3 million yuan （$153，400-460，200） over the next three years.
Liu obtained her bachelor’s， master’s and doctorate degrees from Bristol University， University of Cambridge and University of Oxford in the United Kingdom respectively in 2011-2015. She has made a series of breakthroughs in perovskites， an emerging class of semiconductors providing a low-cost alternative to siliconbased photovoltaic panels.
A thesis co-authored by the then 23-year-old Liu was published in Nature in September 2013， making her the youngest Chinese scientist to date to be featured in the scientific journal.
“As female graduates probably need about four to five years to act as mothers of one—and now two children—certain hospitals refuse to recruit women.”
Jiang Jun， a female physician at Wenzhou Medical University’s Eye Hospital in Zhejiang Province， in response to an online survey that revealed unequal treatment of male and female scholars， on January 3
“People used to go to restaurants mainly on special occasions， but they’re now dining out either because they can’t be bothered to cook， or simply because they want something other than home-cooked meals.”
Feng Enyuan， Vice Chairman of the China Cuisine Association， explaining the reason for the flourishing catering industry
“The choice of supply-side structural reform indicates that China does not intend to employ traditional stimulus measures...thus trying to find a new path for its sustainable economic development.”
Ulises Granados， a professor of international relations at Mexico Autonomous Institute of Technology， on December 31， 2015
“Currently， the negative effects of the mechanism are greater than the positive effects.”
The China Securities Regulatory Commission spokesman Deng Ke saying in a statement on January 7， regarding the suspension of stock market“circuit breaker” mechanism that had been implemented since the beginning of this year