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David Daokui Li， a leading Chinese economist， has been appointed dean of the China-U.S. Schwarzman College at Tsinghua University， which opened in Beijing on September 10.
Tsinghua University’s Schwarzman Scholars program， co-founded by the university and U.S. business magnate and financier Stephen Schwarzman， was launched in 2013 as a one-year master’s degree aimed at cultivating students with international vision， leadership abilities and knowledge of China. The program’s first intake consists of 110 graduates from 70 universities in 31 countries.
Li， 52， holds a PhD degree in economics from Harvard University. He specializes in comparative economic systems and corporate finance.
Li has been a member of the National Committee of the Chinese People’s Political Consultative Conference， China’s top political advisory body， since 2008. He served on the Monetary Policy Committee of the People’s Bank of China， the central bank， between March 2010 and March 2012 and is a member of the Global Agenda Council of the World Economic Forum， based in Switzerland.
Cracking Down on Cold Calls
Legal Daily September 9
In China， almost all consumers who leave their personal contact information at brick-andmortar stores while signing up for loyalty cards inevitably receive marketing phone calls or text messages. Some people who have never given their contact details to any business still receive random calls selling insurance or other financial products.
In practice， businesses often don’t explicitly tell customers why their information is collected. When purchasing online， for instance， consumers may be informed only in very inconspicuous ways—typically with notices buried among long terms and conditions clauses that few people read—that their contact information will be used to send promotional messages.
When collecting personal information， businesses should clearly notify customers that they may send marketing material in the future and provide convenient means for customers to opt out of receiving such content both when the initial transaction takes place and at any subsequent time.
Those who call consumers or send them messages despite lacking their consent should be punished. In addition to implementing a real-name registration system for mobile phone numbers， telecom service providers could facilitate the identification， restriction and suspension of phone numbers used to harass other people. Consumers’ rights will be respected only when businesses are strictly limited in this regard and violations of regulations are severely punished.
Fledgling Online Financial Services
China Internet Week September 5
Small and medium-sized enterprises in China have found it difficult to raise capital through the traditional banking sector because the investment strategies adopted by banks generally favor large companies that are considered financially safe. Small-scale capital， meanwhile， has very limited opportunities for investment and money management and simply depreciates in value while being tied up in banks.
Fortunately， the fast development of Internet-based financial services over the past few years has served to remedy some of those problems.
In recent years， companies specializing in these services， including peer-to-peer （P2P） lending， mobile payments， crowd-funding and digital currency transactions， have thrived and have injected new vitality into the financial industry. In response， many banks have also attempted to catch up with the new trend by launching services for the digital age such as mobile banking. But a prerequisite to their development is sound risk control.
The advantage of Internet finance businesses lies in their ability to increase clients’ wealth. Tightened regulation is expected to promote their innovation. P2P lending sites， for example， should be defined as information intermediaries bridging lenders and borrowers. Their operators will only serve to match projects with capital and to clarify the terms and conditions of loan agreements as well as the legal liabilities of each party involved， instead of turning themselves into fund pools. These measures are significant for preventing investment fraud.
Giant Panda Protection Should Not Diminish
Nanfang Daily September 7
Recently the International Union for Conservation of Nature （IUCN） has changed the status of the giant panda from “endangered” to “vulnerable” on its Red List of Threatened Species.
The IUCN advises on the level of resources needed to protect specific species based on their status on the Red List. The giant panda’s status was changed due to its population increasing greatly in recent decades. By the end of 2013， China had 1，864 wild giant pandas， an increase of 16.8 percent from a decade ago.
Judging the survivability of a species solely on the basis of its population， however， is overly simplistic. The number of wild giant pandas in China has increased in recent years owing to the government’s intensified protection efforts， which include building more nature reserves and improving the legal framework for protecting the species.
Presently， giant panda habitats are at risk. Worse still， although bamboo is the primary food source for giant pandas， one third of China’s bamboo forests are under threat. The ability to protect pandas， therefore， needs improvement， and we should continue efforts to restore their natural habitat rather than reduce investment in protection.
The Red List can guide conservation efforts but should be taken into account with caution. Excessive exploitation of nature is the root cause of species becoming endangered. We should not relax protection efforts before reversing the deterioration of the natural environment.
FORMER TIANJIN MAYOR PROBED
Huang Xingguo， former Mayor of north China’s Tianjin Municipality， is being investigated for suspected “serious disciplinary violations，” the Central Commission for Discipline Inspection of the Communist Party of China （CPC） announced on September 10.
Huang is the first mayor of one of the four municipalities under the direct jurisdiction of the Central Government and the third provincial-level official in Tianjin to be probed since China launched a major anti-corruption campaign in 2012.
Huang， 61， hails from east China’s Zhejiang Province， where he worked for many years before being transferred to Tianjin in 2003. He was elected mayor of Tianjin in 2008 and was re-elected in 2013.
Before he was placed under investigation， Huang had also served as acting secretary of the CPC Tianjin Municipal Committee for over 20 months.
After the massive explosions at a chemical warehouse in the port city last August， Huang said that he held inescapable responsibility for the tragedy.
“The proposal for filial duty leave demonstrates the government’s support for young people taking care of the elderly.”
Li Wenzhao， an associate professor with Renmin University of China， commenting on Beijing’s plan to encourage employers to provide a leave of absence for employees to visit elderly family members on birthdays， or when they need help
“The Democratic People’s Republic of Korea’s （DPRK’s） persistence with nuclear weapon development and nuclear tests runs counter to the expectations of the international community， escalates tension on the peninsula， and is not conducive to peace and stability there.”
Vice Foreign Minister Zhang Yesui， voicing China’s position on the DPRK’s recent nuclear test at a meeting with DPRK Ambassador to China Ji Jae Ryong on September 10
“We are proud to work with AVIC companies， including CCAC， to meet Boeing’s requirements for high quality， affordability and on-time delivery while expanding China’s aviation manufacturing capabilities.”
Ian Chang， a Boeing executive， speaking on September 9 about Chengdu-based CCAC （Chengfei Commercial Aircraft Co.）， a subsidiary of AVIC（Aviation Industry Corp. of China）， supplying rudders to the global aviation giant
“We celebrate Eid al-Adha with pilaf and milk tea today， and in three days， we will celebrate the Mid-Autumn Festival with mooncakes.”
Amangul， a resident in Urumqi， capital of Xinjiang Uygur Autonomous Region， describing on September 12 how her family is marking this month’s two major festivals
Tsinghua University’s Schwarzman Scholars program， co-founded by the university and U.S. business magnate and financier Stephen Schwarzman， was launched in 2013 as a one-year master’s degree aimed at cultivating students with international vision， leadership abilities and knowledge of China. The program’s first intake consists of 110 graduates from 70 universities in 31 countries.
Li， 52， holds a PhD degree in economics from Harvard University. He specializes in comparative economic systems and corporate finance.
Li has been a member of the National Committee of the Chinese People’s Political Consultative Conference， China’s top political advisory body， since 2008. He served on the Monetary Policy Committee of the People’s Bank of China， the central bank， between March 2010 and March 2012 and is a member of the Global Agenda Council of the World Economic Forum， based in Switzerland.
Cracking Down on Cold Calls
Legal Daily September 9
In China， almost all consumers who leave their personal contact information at brick-andmortar stores while signing up for loyalty cards inevitably receive marketing phone calls or text messages. Some people who have never given their contact details to any business still receive random calls selling insurance or other financial products.
In practice， businesses often don’t explicitly tell customers why their information is collected. When purchasing online， for instance， consumers may be informed only in very inconspicuous ways—typically with notices buried among long terms and conditions clauses that few people read—that their contact information will be used to send promotional messages.
When collecting personal information， businesses should clearly notify customers that they may send marketing material in the future and provide convenient means for customers to opt out of receiving such content both when the initial transaction takes place and at any subsequent time.
Those who call consumers or send them messages despite lacking their consent should be punished. In addition to implementing a real-name registration system for mobile phone numbers， telecom service providers could facilitate the identification， restriction and suspension of phone numbers used to harass other people. Consumers’ rights will be respected only when businesses are strictly limited in this regard and violations of regulations are severely punished.
Fledgling Online Financial Services
China Internet Week September 5
Small and medium-sized enterprises in China have found it difficult to raise capital through the traditional banking sector because the investment strategies adopted by banks generally favor large companies that are considered financially safe. Small-scale capital， meanwhile， has very limited opportunities for investment and money management and simply depreciates in value while being tied up in banks.
Fortunately， the fast development of Internet-based financial services over the past few years has served to remedy some of those problems.
In recent years， companies specializing in these services， including peer-to-peer （P2P） lending， mobile payments， crowd-funding and digital currency transactions， have thrived and have injected new vitality into the financial industry. In response， many banks have also attempted to catch up with the new trend by launching services for the digital age such as mobile banking. But a prerequisite to their development is sound risk control.
The advantage of Internet finance businesses lies in their ability to increase clients’ wealth. Tightened regulation is expected to promote their innovation. P2P lending sites， for example， should be defined as information intermediaries bridging lenders and borrowers. Their operators will only serve to match projects with capital and to clarify the terms and conditions of loan agreements as well as the legal liabilities of each party involved， instead of turning themselves into fund pools. These measures are significant for preventing investment fraud.
Giant Panda Protection Should Not Diminish
Nanfang Daily September 7
Recently the International Union for Conservation of Nature （IUCN） has changed the status of the giant panda from “endangered” to “vulnerable” on its Red List of Threatened Species.
The IUCN advises on the level of resources needed to protect specific species based on their status on the Red List. The giant panda’s status was changed due to its population increasing greatly in recent decades. By the end of 2013， China had 1，864 wild giant pandas， an increase of 16.8 percent from a decade ago.
Judging the survivability of a species solely on the basis of its population， however， is overly simplistic. The number of wild giant pandas in China has increased in recent years owing to the government’s intensified protection efforts， which include building more nature reserves and improving the legal framework for protecting the species.
Presently， giant panda habitats are at risk. Worse still， although bamboo is the primary food source for giant pandas， one third of China’s bamboo forests are under threat. The ability to protect pandas， therefore， needs improvement， and we should continue efforts to restore their natural habitat rather than reduce investment in protection.
The Red List can guide conservation efforts but should be taken into account with caution. Excessive exploitation of nature is the root cause of species becoming endangered. We should not relax protection efforts before reversing the deterioration of the natural environment.
FORMER TIANJIN MAYOR PROBED
Huang Xingguo， former Mayor of north China’s Tianjin Municipality， is being investigated for suspected “serious disciplinary violations，” the Central Commission for Discipline Inspection of the Communist Party of China （CPC） announced on September 10.
Huang is the first mayor of one of the four municipalities under the direct jurisdiction of the Central Government and the third provincial-level official in Tianjin to be probed since China launched a major anti-corruption campaign in 2012.
Huang， 61， hails from east China’s Zhejiang Province， where he worked for many years before being transferred to Tianjin in 2003. He was elected mayor of Tianjin in 2008 and was re-elected in 2013.
Before he was placed under investigation， Huang had also served as acting secretary of the CPC Tianjin Municipal Committee for over 20 months.
After the massive explosions at a chemical warehouse in the port city last August， Huang said that he held inescapable responsibility for the tragedy.
“The proposal for filial duty leave demonstrates the government’s support for young people taking care of the elderly.”
Li Wenzhao， an associate professor with Renmin University of China， commenting on Beijing’s plan to encourage employers to provide a leave of absence for employees to visit elderly family members on birthdays， or when they need help
“The Democratic People’s Republic of Korea’s （DPRK’s） persistence with nuclear weapon development and nuclear tests runs counter to the expectations of the international community， escalates tension on the peninsula， and is not conducive to peace and stability there.”
Vice Foreign Minister Zhang Yesui， voicing China’s position on the DPRK’s recent nuclear test at a meeting with DPRK Ambassador to China Ji Jae Ryong on September 10
“We are proud to work with AVIC companies， including CCAC， to meet Boeing’s requirements for high quality， affordability and on-time delivery while expanding China’s aviation manufacturing capabilities.”
Ian Chang， a Boeing executive， speaking on September 9 about Chengdu-based CCAC （Chengfei Commercial Aircraft Co.）， a subsidiary of AVIC（Aviation Industry Corp. of China）， supplying rudders to the global aviation giant
“We celebrate Eid al-Adha with pilaf and milk tea today， and in three days， we will celebrate the Mid-Autumn Festival with mooncakes.”
Amangul， a resident in Urumqi， capital of Xinjiang Uygur Autonomous Region， describing on September 12 how her family is marking this month’s two major festivals