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Li Guangfu, previously Vice Chairman of the China Taoist Association (CTA), was elected the new CTA chairman during the association’s national congress in late June. Li was born in central China’s Hubei Province in 1955. He also headed the Taoist Association of Wudang Mountain in Hubei, a hub location for China’s Taoist culture.
Taoism is China’s local religion. Its philosophical roots can be traced back some 2,500 years. It became a formal religious organization about 1,900 years ago. Traditional Chinese medicine and the teachings of many schools of kungfu are based on Taoist thought. The CTA, founded in April 1957, is the main association of Taoism in China. The organization’s headquarters are located in Baiyun Temple, a Taoist temple in Beijing.
After being elected to his new position, Li vowed to promote the development of the religion and its public image, to contribute to the building of a “spiritual homeland” for the Chinese nation and to push forward the establishment of an international Taoist organization.
High Noon for High-End Hotels
Oriental Outlook July 2
It has taken about 20 years for China’s high-end hotels to grow from scarcity to abundance. According to statistics from the National Tourism Administration, there were altogether over 850 five-star hotels across the country at the end of 2014.
However, these high-end hotels are not faring well financially. In 2009, China’s star hotels suffered losses of 1.2 billion yuan ($193 million) in terms of net profit. Although these hotels picked up their performances in the three years that followed and managed to scrape profits, they lost 2.088 billion yuan ($337 million) again in 2013.
The losses may be attributable to the government’s crackdown on extravagance. The market share of conferences held by government departments and public institutions using public funds plummeted from 36.3 percent in 2010 to 22.1 percent in 2013, according to a report co-published by the China Tourist Hotels Association, the China Association of Travel Services and the Alliance of China Conference Hotels in November last year.
Compared with high-end hotels in other countries, which receive 60 percent of their revenue from guest rooms, domestic hotels, especially those in underdeveloped regions, rely on the catering businesses driven by consumption of government officials who use public funds. In the face of losses, many five-star hotels are seeking to transform themselves. For example, in first-tier cities like Beijing and Guangzhou where exhibitions and conferences are often held, high-end hotels are shifting toward business receptions. The Trouble With Cybersecurity
Caijing Magazine June 22
The recent plethora of cybersecurity incidents has drawn public attention. On May 27, users of Alipay, China’s Paypal-like thirdparty payment platform that boasts nearly 300 million users, were unable to access the platform or found their balances were incorrectly displayed. The next day, the Chinese tourism website Ctrip.com and its app were offline for 12 hours due to the mistaken deletion of data by a staff member.
Cybersecurity concerns are nothing new. However, with the advent of cloud computing and the Internet of Things, safeguarding cybersecurity has become even trickier. In the future, in addition to traditional information technology equipment, home appliances and factory equipment will be connected with the Internet, leading to a more complicated range of issues. In China, except for a select few market leaders, most Internet companies have incomplete network structures, leaving them open to huge security loopholes and risks.
Take peer-to-peer (P2P) lending platforms for example. Most P2P lending companies prefer using low-cost public cloud computing platforms to store their backup data, while banks generally invest 10-15 percent of their annual profit back into their information technology systems to protect clients’ information. The government should formulate relevant laws and regulations to protect online data, enforce harsher punishment for infringement on privacy online and set up early warning systems to identify cybersecurity woes in time.
Building Awareness Brick by Brick
Qianjiang Evening News June 29
The Great Wall is suffering severe damage from both man and nature. Only 10 percent of the walls are being sufficiently maintained while, frighteningly, 30 percent of the structure has disappeared altogether.
Much of the damage has been done by human activities. For instance, before the 1980s, local residents would remove soil, bricks and stones from the Great Wall to build houses or pigsties. Since the 1980s, Great Wall stones have been fashionable items for private collectors. The wear and tear caused by the growing popularity of Great Wall tourism has dealt another blow to this historical site. Driven by the pursuit of profits, some local governments have even pulled down sections of the ancient Great Wall and built replicas of the original structures with stones resembling those used on the well-known Badaling Great Wall in Beijing. Although laws and regulations protecting the Great Wall have already been put in place, protection of the Great Wall has been practiced only by a small number of people and is far from evolving into a public awareness drive. Only by mobilizing the forces of research institutes, NGOs, volunteers and the whole of society at large can a tight system of protection take shape.
RISING HOCKEY STAR
Song Andong, an 18-year-old Chinese ice hockey player, recently made history by becoming the first Chinese-born player to be included in a U.S. National Hockey League draft. Song was selected by the New York Islanders.
Song, a native of Beijing, picked up the game at a young age as doctors told his parents to find some cool air for the boy to breathe to alleviate suffering caused by repeated cases of sore throat. Currently, Song attends the prestigious Lawrenceville School in New Jersey, and is the assistant captain of the school’s hockey team.
“When I started playing, there weren’t a lot of people playing there and not much support for the game. But last year when I went back, it’d been like eight years since I’ve seen Chinese hockey. It’s just been tremendous how far they’ve grown,” said Song in a recent interview. “I’m sure they’ll keep trying to catch up to North America and Europe and Russia, but there’s still a little gap.”
“The construction progress of the east route pipeline is of great strategic significance. It lifts China-Russia mutual trust and cooperation to new heights.”
Liu Yijun, a professor with China University of Petroleum, pointing out that the recently commenced construction of the Chinese section of the China-Russia East Route Natural Gas Pipeline will further boost energy cooperation between the two neighbors
“The new train, with our full intellectual property rights, will facilitate our efforts to export China’s railway products and technologies. Compared with other models, it is safer, more comfortable and economically competitive.”
He Huawu, chief engineer of China Railway Corp., commenting on the first bullet train built according to Chinese standards with an operational speed of 350 km per hour, which went into testing in Beijing on June 30
“China’s claim of sovereignty over the Nansha Islands has not expanded but will never lessen as well; otherwise we will not be able to face our ancestors and predecessors.”
Wang Yi, Chinese Foreign Minister, addressing questions regarding the South China Sea issue at the Fourth World Peace Forum in Beijing on June 27
“All channels for private capital to enter the banking sector are now open.”
Shang Fulin, Chairman of the China Banking Regulatory Commission, recently declaring that China is ready and willing to use private banks to reform its financial sector, which is dominated by state-owned lenders, to better serve cash-strapped small firms
Taoism is China’s local religion. Its philosophical roots can be traced back some 2,500 years. It became a formal religious organization about 1,900 years ago. Traditional Chinese medicine and the teachings of many schools of kungfu are based on Taoist thought. The CTA, founded in April 1957, is the main association of Taoism in China. The organization’s headquarters are located in Baiyun Temple, a Taoist temple in Beijing.
After being elected to his new position, Li vowed to promote the development of the religion and its public image, to contribute to the building of a “spiritual homeland” for the Chinese nation and to push forward the establishment of an international Taoist organization.
High Noon for High-End Hotels
Oriental Outlook July 2
It has taken about 20 years for China’s high-end hotels to grow from scarcity to abundance. According to statistics from the National Tourism Administration, there were altogether over 850 five-star hotels across the country at the end of 2014.
However, these high-end hotels are not faring well financially. In 2009, China’s star hotels suffered losses of 1.2 billion yuan ($193 million) in terms of net profit. Although these hotels picked up their performances in the three years that followed and managed to scrape profits, they lost 2.088 billion yuan ($337 million) again in 2013.
The losses may be attributable to the government’s crackdown on extravagance. The market share of conferences held by government departments and public institutions using public funds plummeted from 36.3 percent in 2010 to 22.1 percent in 2013, according to a report co-published by the China Tourist Hotels Association, the China Association of Travel Services and the Alliance of China Conference Hotels in November last year.
Compared with high-end hotels in other countries, which receive 60 percent of their revenue from guest rooms, domestic hotels, especially those in underdeveloped regions, rely on the catering businesses driven by consumption of government officials who use public funds. In the face of losses, many five-star hotels are seeking to transform themselves. For example, in first-tier cities like Beijing and Guangzhou where exhibitions and conferences are often held, high-end hotels are shifting toward business receptions. The Trouble With Cybersecurity
Caijing Magazine June 22
The recent plethora of cybersecurity incidents has drawn public attention. On May 27, users of Alipay, China’s Paypal-like thirdparty payment platform that boasts nearly 300 million users, were unable to access the platform or found their balances were incorrectly displayed. The next day, the Chinese tourism website Ctrip.com and its app were offline for 12 hours due to the mistaken deletion of data by a staff member.
Cybersecurity concerns are nothing new. However, with the advent of cloud computing and the Internet of Things, safeguarding cybersecurity has become even trickier. In the future, in addition to traditional information technology equipment, home appliances and factory equipment will be connected with the Internet, leading to a more complicated range of issues. In China, except for a select few market leaders, most Internet companies have incomplete network structures, leaving them open to huge security loopholes and risks.
Take peer-to-peer (P2P) lending platforms for example. Most P2P lending companies prefer using low-cost public cloud computing platforms to store their backup data, while banks generally invest 10-15 percent of their annual profit back into their information technology systems to protect clients’ information. The government should formulate relevant laws and regulations to protect online data, enforce harsher punishment for infringement on privacy online and set up early warning systems to identify cybersecurity woes in time.
Building Awareness Brick by Brick
Qianjiang Evening News June 29
The Great Wall is suffering severe damage from both man and nature. Only 10 percent of the walls are being sufficiently maintained while, frighteningly, 30 percent of the structure has disappeared altogether.
Much of the damage has been done by human activities. For instance, before the 1980s, local residents would remove soil, bricks and stones from the Great Wall to build houses or pigsties. Since the 1980s, Great Wall stones have been fashionable items for private collectors. The wear and tear caused by the growing popularity of Great Wall tourism has dealt another blow to this historical site. Driven by the pursuit of profits, some local governments have even pulled down sections of the ancient Great Wall and built replicas of the original structures with stones resembling those used on the well-known Badaling Great Wall in Beijing. Although laws and regulations protecting the Great Wall have already been put in place, protection of the Great Wall has been practiced only by a small number of people and is far from evolving into a public awareness drive. Only by mobilizing the forces of research institutes, NGOs, volunteers and the whole of society at large can a tight system of protection take shape.
RISING HOCKEY STAR
Song Andong, an 18-year-old Chinese ice hockey player, recently made history by becoming the first Chinese-born player to be included in a U.S. National Hockey League draft. Song was selected by the New York Islanders.
Song, a native of Beijing, picked up the game at a young age as doctors told his parents to find some cool air for the boy to breathe to alleviate suffering caused by repeated cases of sore throat. Currently, Song attends the prestigious Lawrenceville School in New Jersey, and is the assistant captain of the school’s hockey team.
“When I started playing, there weren’t a lot of people playing there and not much support for the game. But last year when I went back, it’d been like eight years since I’ve seen Chinese hockey. It’s just been tremendous how far they’ve grown,” said Song in a recent interview. “I’m sure they’ll keep trying to catch up to North America and Europe and Russia, but there’s still a little gap.”
“The construction progress of the east route pipeline is of great strategic significance. It lifts China-Russia mutual trust and cooperation to new heights.”
Liu Yijun, a professor with China University of Petroleum, pointing out that the recently commenced construction of the Chinese section of the China-Russia East Route Natural Gas Pipeline will further boost energy cooperation between the two neighbors
“The new train, with our full intellectual property rights, will facilitate our efforts to export China’s railway products and technologies. Compared with other models, it is safer, more comfortable and economically competitive.”
He Huawu, chief engineer of China Railway Corp., commenting on the first bullet train built according to Chinese standards with an operational speed of 350 km per hour, which went into testing in Beijing on June 30
“China’s claim of sovereignty over the Nansha Islands has not expanded but will never lessen as well; otherwise we will not be able to face our ancestors and predecessors.”
Wang Yi, Chinese Foreign Minister, addressing questions regarding the South China Sea issue at the Fourth World Peace Forum in Beijing on June 27
“All channels for private capital to enter the banking sector are now open.”
Shang Fulin, Chairman of the China Banking Regulatory Commission, recently declaring that China is ready and willing to use private banks to reform its financial sector, which is dominated by state-owned lenders, to better serve cash-strapped small firms