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Li Peigen， former president of Huazhong University of Science & Technology， ended his nine-year tenure recently.
Li， 66， a member of Chinese Academy of Engineering， received his Ph.D. from the University of Wisconsin-Madison in the 1980s. As a popular president， he was given the nickname Uncle Gen by students， which he pleasantly accepted.
In his departure speech， he said he should have done more to nurture the university’s academic atmosphere， improve students’education on citizenship and improve the payment and working conditions for faculty.
About Headquarters
Oriental Outlook April 10
In February， Beijing declared that it owned 48 headquarters of the world’s top 500 enterprises， surpassing Tokyo for the first time， which owns 47.
For China’s first-tier cities， especially its two metropolises of Beijing and Shanghai， the competition in attracting headquarters has been a demonstration of the cities’ comprehensive strength and development strategy. It is not about the fame but about the future of the city.
However， compared to New York， Singapore， Hong Kong and other cities， Beijing and Shanghai still have a long way to go. First of all， the number of headquarters is still small. According to statistics by the Singapore Economic Development Board， in 2012， there were already about 4，200 multinational companies that had established regional headquarters in the country. However， in Shanghai at the end of 2013， the number was less than 500.
Secondly， the transnationality index of the transnational companies in China is low. The index for individual companies is calculated as the average of three ratios： foreign assets to total assets， foreign sales to total sales， and foreign employment to total employment. This index is as high as 60 percent in advanced countries， while in China it is less than 20 percent.
Also， the innovation ability is a short board for China’s transnational companies. Take Beijing for instance—the transnational enterprises there are mostly central enterprises， whose development relies greatly on the government’s support and monopoly. With the deepening of marketization， these two factors will decrease. And the lack of innovation will become the biggest obstacle of their future development.
Production Overcapacity
Caixin March 31
Production overcapacity is now a much discussed topic in Chinese society. Recently， Miao Wei， Minister of Industry and Information Technology talked about this problem. The blind expansion of five industries—namely， steel， cement， electrolytic aluminum， flat glass， and shipbuilding—should be resolutely stopped. In the next few years， no more such projects will be approved. The projects that have already been completed and that are illegally under construction will be properly handled. In the meantime， measures on capacity substitution should be studied and carried out. Capacity substitution doesn’t simply mean shutting down a number of factories. In the steel industry， for instance， it means turning some steel factories into ones that produce other products.
In this way， China can reduce the overcapacity of steel without causing a large number of bankruptcies or unemployment. Neither will the government see a sharp drop in the general tax revenues. Also， the big resistance derived from the fear of the shutting down of the steel factories can be resolved. This policy should be carried out in the environmentally sensitive areas， such as BeijingTianjin-Hebei region， the Yangtze River delta，and the Pearl River delta.
Also， the Central Government encourages local governments to establish a capacity substitution quota-trading system in which the government takes the lead and enterprises participate in voluntarily.
Then the existing production capacity will be optimized， through strict law enforcement and full market competition. Environmental protection， energy consumption and safety will all be strengthened as standards. Differentiated prices and punitive prices of electricity and water will be implemented as economic means for creating a market of fair competition.
Strictest Traffic Rules
People.com.cn April 2
A new set of traffic rules of China have earned a flood of attention since they were implemented on January 1， 2013. And it has proved a big success backed up by concrete facts.
In the past year， traffic accidents caused by new drivers decreased by 16.3 percent， and the number of people killed in traffic accidents dropped by 14.9 percent. Also， in 2013， the number of traffic violations detected by monitoring equipment across the country dropped by 9.3 percent， compared to the previous year. This is a big victory against the backdrop of the surging number of cars in China.
The reasons for this big success are as follow. First of all， the exams of getting a driv- ing license become more difficult， resulting in a dramatically lower pass rate. The exams attach more importance to the safety awareness and the practical driving ability of the students.
Secondly， along with the new traffic rules becoming a heated topic， discussions have been launched around the Chinese society. The traffic knowledge that was once unfamiliar with the public became well known after the discussions. Thirdly， the new rules are very strict， forcing the drivers to abide by the rules strictly. For instance， the points deducted for running the red light are increased from three points to six points. According to the new rules， when a driver is deducted 12 points， he or she has to go back to the driving school to take the exams again to regain the driving license. These measures have proven effective.
？HONORARY CITIZEN
Former NBA star Stephon Marbury was granted Honorary Citizenship of Beijing on April 2 for leading the Beijing Ducks to their second consecutive Chinese Basketball Association （CBA） title.
The two-time NBA All-Star has found his footing in Beijing after first joining the CBA Shanxi Zhongyu Brave Dragons before moving to the Beijing Ducks in 2011.
“Thank you Beijing for the key to the city. I’m truly blessed and favored for your love and respect. I will always give nothing but my all on and off the court in Beijing，” Marbury said on his official microblogging account.
“This is an opportunity for Chinese enterprises to develop our own operating system， which should be Internet-based and support a triple play service.”
Zeng Jianqiu， a professor of the School of Economics and Management of Beijing University of Posts and Telecommunications， commenting on Microsoft’s termination on extended support for Windows XP
“Former coal mine owners have become modern agriculture trailblazers with their capital， technology and marketing skills.”
Guo Weidong， a senior research fellow at the Shanxi Academy of Social Sciences， commenting on coal miners’enthusiasm in investing in modern agriculture
“Chinese travelers’ passions for outbound tourism are insatiable.”
Jiang Yiyi， Director of Institute of International Tourism Development of China Tourism Academy， commenting on her academy’s new statistics that show Chinese people’s outbound travel trips increased 18 percent to reach 98 million in 2013 and could reach 114 million this year
“Chinese writers’ rising international recognition is partly attributed to the overall economic development of the nation. More and more people around the world resort to contemporary literature as a gateway to Chinese culture.”
Acclaimed Chinese writer Bi Feiyu， on the sidelines of London Book Fair 2014 held from April 8-10
Li， 66， a member of Chinese Academy of Engineering， received his Ph.D. from the University of Wisconsin-Madison in the 1980s. As a popular president， he was given the nickname Uncle Gen by students， which he pleasantly accepted.
In his departure speech， he said he should have done more to nurture the university’s academic atmosphere， improve students’education on citizenship and improve the payment and working conditions for faculty.
About Headquarters
Oriental Outlook April 10
In February， Beijing declared that it owned 48 headquarters of the world’s top 500 enterprises， surpassing Tokyo for the first time， which owns 47.
For China’s first-tier cities， especially its two metropolises of Beijing and Shanghai， the competition in attracting headquarters has been a demonstration of the cities’ comprehensive strength and development strategy. It is not about the fame but about the future of the city.
However， compared to New York， Singapore， Hong Kong and other cities， Beijing and Shanghai still have a long way to go. First of all， the number of headquarters is still small. According to statistics by the Singapore Economic Development Board， in 2012， there were already about 4，200 multinational companies that had established regional headquarters in the country. However， in Shanghai at the end of 2013， the number was less than 500.
Secondly， the transnationality index of the transnational companies in China is low. The index for individual companies is calculated as the average of three ratios： foreign assets to total assets， foreign sales to total sales， and foreign employment to total employment. This index is as high as 60 percent in advanced countries， while in China it is less than 20 percent.
Also， the innovation ability is a short board for China’s transnational companies. Take Beijing for instance—the transnational enterprises there are mostly central enterprises， whose development relies greatly on the government’s support and monopoly. With the deepening of marketization， these two factors will decrease. And the lack of innovation will become the biggest obstacle of their future development.
Production Overcapacity
Caixin March 31
Production overcapacity is now a much discussed topic in Chinese society. Recently， Miao Wei， Minister of Industry and Information Technology talked about this problem. The blind expansion of five industries—namely， steel， cement， electrolytic aluminum， flat glass， and shipbuilding—should be resolutely stopped. In the next few years， no more such projects will be approved. The projects that have already been completed and that are illegally under construction will be properly handled. In the meantime， measures on capacity substitution should be studied and carried out. Capacity substitution doesn’t simply mean shutting down a number of factories. In the steel industry， for instance， it means turning some steel factories into ones that produce other products.
In this way， China can reduce the overcapacity of steel without causing a large number of bankruptcies or unemployment. Neither will the government see a sharp drop in the general tax revenues. Also， the big resistance derived from the fear of the shutting down of the steel factories can be resolved. This policy should be carried out in the environmentally sensitive areas， such as BeijingTianjin-Hebei region， the Yangtze River delta，and the Pearl River delta.
Also， the Central Government encourages local governments to establish a capacity substitution quota-trading system in which the government takes the lead and enterprises participate in voluntarily.
Then the existing production capacity will be optimized， through strict law enforcement and full market competition. Environmental protection， energy consumption and safety will all be strengthened as standards. Differentiated prices and punitive prices of electricity and water will be implemented as economic means for creating a market of fair competition.
Strictest Traffic Rules
People.com.cn April 2
A new set of traffic rules of China have earned a flood of attention since they were implemented on January 1， 2013. And it has proved a big success backed up by concrete facts.
In the past year， traffic accidents caused by new drivers decreased by 16.3 percent， and the number of people killed in traffic accidents dropped by 14.9 percent. Also， in 2013， the number of traffic violations detected by monitoring equipment across the country dropped by 9.3 percent， compared to the previous year. This is a big victory against the backdrop of the surging number of cars in China.
The reasons for this big success are as follow. First of all， the exams of getting a driv- ing license become more difficult， resulting in a dramatically lower pass rate. The exams attach more importance to the safety awareness and the practical driving ability of the students.
Secondly， along with the new traffic rules becoming a heated topic， discussions have been launched around the Chinese society. The traffic knowledge that was once unfamiliar with the public became well known after the discussions. Thirdly， the new rules are very strict， forcing the drivers to abide by the rules strictly. For instance， the points deducted for running the red light are increased from three points to six points. According to the new rules， when a driver is deducted 12 points， he or she has to go back to the driving school to take the exams again to regain the driving license. These measures have proven effective.
？HONORARY CITIZEN
Former NBA star Stephon Marbury was granted Honorary Citizenship of Beijing on April 2 for leading the Beijing Ducks to their second consecutive Chinese Basketball Association （CBA） title.
The two-time NBA All-Star has found his footing in Beijing after first joining the CBA Shanxi Zhongyu Brave Dragons before moving to the Beijing Ducks in 2011.
“Thank you Beijing for the key to the city. I’m truly blessed and favored for your love and respect. I will always give nothing but my all on and off the court in Beijing，” Marbury said on his official microblogging account.
“This is an opportunity for Chinese enterprises to develop our own operating system， which should be Internet-based and support a triple play service.”
Zeng Jianqiu， a professor of the School of Economics and Management of Beijing University of Posts and Telecommunications， commenting on Microsoft’s termination on extended support for Windows XP
“Former coal mine owners have become modern agriculture trailblazers with their capital， technology and marketing skills.”
Guo Weidong， a senior research fellow at the Shanxi Academy of Social Sciences， commenting on coal miners’enthusiasm in investing in modern agriculture
“Chinese travelers’ passions for outbound tourism are insatiable.”
Jiang Yiyi， Director of Institute of International Tourism Development of China Tourism Academy， commenting on her academy’s new statistics that show Chinese people’s outbound travel trips increased 18 percent to reach 98 million in 2013 and could reach 114 million this year
“Chinese writers’ rising international recognition is partly attributed to the overall economic development of the nation. More and more people around the world resort to contemporary literature as a gateway to Chinese culture.”
Acclaimed Chinese writer Bi Feiyu， on the sidelines of London Book Fair 2014 held from April 8-10