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Zhu Ting， China’s star spiker and the Rio Olympic volleyball tournament’s Most Valuable Player（MVP）， arrived in Turkey on September 17， becoming the first Chinese female volleyball player to take part in a professional league in Europe.
Zhu， 21 years old and 1.98 meters （6 feet and 6 inches） tall， will play for Vakifbank Istanbul， one of the most successful women’s volleyball clubs in Turkey， from October 2016 to May 2017. She will debut for her new club in this year’s FIVB World Women’s Club Championship in the Philippines in October.
China won the Rio gold medal after defeating Serbia in the final on August 20. Zhu finished as the top scorer in the tournament with a total of 179 points.
She signed with Vakifbank Istanbul in April in a deal proposed by Lang Ping， head coach of the Chinese Women’s Volleyball Team.
Zhu hails from a village in Zhoukou City of central China’s Henan Province. She was chosen to become a volleyball player in 2007 for her height， outstanding flexibility and physical coordination. She started to play for the national team in 2013 and has since registered remarkable performances in a number of international competitions including the 2015 FIVB Volleyball Women’s World Cup， where she was named MVP.
Shopping Companions Carve a Niche
Qinghai Daily September 19
A new profession called “shopping companion” is gaining popularity in China. A shopping companion not only provides customers with information about shopping items， but also helps the latter carry their handbags and the goods purchased.
The emergence of the new profession indicates that the division of labor has become increasingly elaborate. Shopping companions provide services for customers using their expertise and labor. They receive financial rewards as well as respect and trust from consumers and realize their personal value through the job.
However， ensuring the sound development of this fledging profession remains a challenge. The lack of a service contract between consumers and shopping companions can easily lead to disputes. Also， shopping companions’ work ethics are hard to guarantee given the absence of admission thresholds for practitioners. As a result， customers’ property may be at risk， and their privacy may be infringed upon.
For those who have difficulty choosing their purchases， a shopping companion can solve their problem. However， consumers should remember to protect their rights and interests by signing contracts with such service providers. The occupation both increases employment and benefits consumers， but only when it is subject to strict regulations can risks to property and privacy be averted. Online Payment Clearing Platform on the Horizon
Caixin Weekly August 29
An online payment clearing platform will be established to provide clearing services for third-party payment platforms such as Alipay and Tenpay. The platform will be subject to the supervision of the People’s Bank of China， the nation’s central bank. Preparatory work started in late July.
By the middle of 2016， China’s online payment market had exceeded 16 trillion yuan （$2.4 trillion） in size. While the rapidly expanding online payment market has brought consumers great convenience， it also has problems. Third-party payment services have established their own clearing systems directly with various banks. This has resulted in overlapping interfaces and wasted resources. Different online payment platforms are unable to interconnect and share resources with each other under such circumstances. In addition， the varied technical standards between different online payment platforms cause risks and loopholes.
A uniform payment clearing platform will serve to promote the well-regulated development of online payment services. It aims to improve the efficiency of online payments and will maintain records of transactions to facilitate capital retrieval and to control risks.
Some third-party payment service providers， however， worry about their information security. Moreover， the new platform faces the technical challenge of handling a massive amount of business during online transaction peak periods. According to estimates， establishing the technical standards and operation models for the platform will take at least one year. Once the platform is set up， it will redefine the relationship between third-party payment platforms， regulators and banks.
A Narrowing Income Gap
China Youth Daily September 20
Migrant workers earned an average of 3，072 yuan （$461） per month in 2015， while the average monthly income half a year after graduation for students who left university in 2015 was 3，726 yuan （$559）， according to statistics of the Ministry of Human Resources and Social Security. The figures show that college graduates’ average monthly income had shrunk from 1.8 times that of migrant workers at the end of 2005 to 1.2 times last year.
Some worry that the motivation to attend university may weaken if the income of university graduates declines to even less than that of migrant workers. It’s unnecessary to lament the narrowing income gap between university graduates and migrant workers， however， because such a change is the result of social progress and economic growth. When factory workers are guaranteed a decent income， and social security nets are well established， job seekers won’t have to vie for a highly limited number of white-collar jobs， but will have a wider variety of options. They can choose to attend vocational school after finishing junior middle school rather than scramble to enter university. Meanwhile， as the value of a university diploma continues to depreciate， higher education institutions should reflect upon their educational models. As well as making efforts to equip students with knowledge and skills， universities should help young people to improve their competitiveness by facilitating their personal development.
TSCIENTIST WINS CHINA’S VERSION OF THE NOBEL PRIZE
Xue Qikun， a physicist at Tsinghua University， has won the physical science category of the inaugural Future Science Prize， China’s first non-governmental science award， which was initiated in January by a group of scientists and business leaders. The award recognizes Xue for his pioneering contribution to work on the quantum anomalous Hall effect， a discovery that has helped accelerate the information technology revolution and may lead to the development of low-powerconsumption electronics.
Xue， 52， comes from east China’s Shandong Province. He received his bachelor’s degree from the Shandong University in 1984 and his PhD from the Institute of Physics at the Chinese Academy of Sciences in 1994. He started teaching at the Department of Physics at Tsinghua University in 2005 and became dean of the department five years later. In 2013， Xue was appointed vice president of Tsinghua University.
The Future Science Prize， regarded by some as China’s version of the Nobel Prize， aims to boost scientific research in the nation. An awards ceremony will take place in Beijing in January 2017， at which Xue will receive $1 million in prize money.
“The priority is to increase humanitarian assistance and protect the basic dignity and security of all refugees.”
Premier Li Keqiang， speaking at a leaders’summit on refugees during the 71st Session of the UN General Assembly at the UN headquarters in New York City on September 20
“We should not be blindly optimistic about the outlook for China’s foreign trade.”
Shen Danyang， spokesman of the Ministry of Commerce， on September 20 warning against the weak performance of China’s foreign trade， although trade data in August suggest an improving trend
“To meet the rising demand for Tibetan medicine， artificial cultivation of medicinal herbs is a must.”
Tashi Tsering， a researcher with the Traditional Tibetan Hospital of Tibet Autonomous Region in Lhasa， speaking about innovative ways to develop Tibetan medicine in a recent interview
“The consistent support provided by China to enhance integration of Least Developed Countries （LDCs） into the multilateral trading system is truly commendable.”
Yonov Frederick Agah， Deputy Director General of the World Trade Organization， commenting on China’s ongoing efforts to assist LDCs at the SouthSouth Dialogue on LDCs and Development in Geneva on September 19
Zhu， 21 years old and 1.98 meters （6 feet and 6 inches） tall， will play for Vakifbank Istanbul， one of the most successful women’s volleyball clubs in Turkey， from October 2016 to May 2017. She will debut for her new club in this year’s FIVB World Women’s Club Championship in the Philippines in October.
China won the Rio gold medal after defeating Serbia in the final on August 20. Zhu finished as the top scorer in the tournament with a total of 179 points.
She signed with Vakifbank Istanbul in April in a deal proposed by Lang Ping， head coach of the Chinese Women’s Volleyball Team.
Zhu hails from a village in Zhoukou City of central China’s Henan Province. She was chosen to become a volleyball player in 2007 for her height， outstanding flexibility and physical coordination. She started to play for the national team in 2013 and has since registered remarkable performances in a number of international competitions including the 2015 FIVB Volleyball Women’s World Cup， where she was named MVP.
Shopping Companions Carve a Niche
Qinghai Daily September 19
A new profession called “shopping companion” is gaining popularity in China. A shopping companion not only provides customers with information about shopping items， but also helps the latter carry their handbags and the goods purchased.
The emergence of the new profession indicates that the division of labor has become increasingly elaborate. Shopping companions provide services for customers using their expertise and labor. They receive financial rewards as well as respect and trust from consumers and realize their personal value through the job.
However， ensuring the sound development of this fledging profession remains a challenge. The lack of a service contract between consumers and shopping companions can easily lead to disputes. Also， shopping companions’ work ethics are hard to guarantee given the absence of admission thresholds for practitioners. As a result， customers’ property may be at risk， and their privacy may be infringed upon.
For those who have difficulty choosing their purchases， a shopping companion can solve their problem. However， consumers should remember to protect their rights and interests by signing contracts with such service providers. The occupation both increases employment and benefits consumers， but only when it is subject to strict regulations can risks to property and privacy be averted. Online Payment Clearing Platform on the Horizon
Caixin Weekly August 29
An online payment clearing platform will be established to provide clearing services for third-party payment platforms such as Alipay and Tenpay. The platform will be subject to the supervision of the People’s Bank of China， the nation’s central bank. Preparatory work started in late July.
By the middle of 2016， China’s online payment market had exceeded 16 trillion yuan （$2.4 trillion） in size. While the rapidly expanding online payment market has brought consumers great convenience， it also has problems. Third-party payment services have established their own clearing systems directly with various banks. This has resulted in overlapping interfaces and wasted resources. Different online payment platforms are unable to interconnect and share resources with each other under such circumstances. In addition， the varied technical standards between different online payment platforms cause risks and loopholes.
A uniform payment clearing platform will serve to promote the well-regulated development of online payment services. It aims to improve the efficiency of online payments and will maintain records of transactions to facilitate capital retrieval and to control risks.
Some third-party payment service providers， however， worry about their information security. Moreover， the new platform faces the technical challenge of handling a massive amount of business during online transaction peak periods. According to estimates， establishing the technical standards and operation models for the platform will take at least one year. Once the platform is set up， it will redefine the relationship between third-party payment platforms， regulators and banks.
A Narrowing Income Gap
China Youth Daily September 20
Migrant workers earned an average of 3，072 yuan （$461） per month in 2015， while the average monthly income half a year after graduation for students who left university in 2015 was 3，726 yuan （$559）， according to statistics of the Ministry of Human Resources and Social Security. The figures show that college graduates’ average monthly income had shrunk from 1.8 times that of migrant workers at the end of 2005 to 1.2 times last year.
Some worry that the motivation to attend university may weaken if the income of university graduates declines to even less than that of migrant workers. It’s unnecessary to lament the narrowing income gap between university graduates and migrant workers， however， because such a change is the result of social progress and economic growth. When factory workers are guaranteed a decent income， and social security nets are well established， job seekers won’t have to vie for a highly limited number of white-collar jobs， but will have a wider variety of options. They can choose to attend vocational school after finishing junior middle school rather than scramble to enter university. Meanwhile， as the value of a university diploma continues to depreciate， higher education institutions should reflect upon their educational models. As well as making efforts to equip students with knowledge and skills， universities should help young people to improve their competitiveness by facilitating their personal development.
TSCIENTIST WINS CHINA’S VERSION OF THE NOBEL PRIZE
Xue Qikun， a physicist at Tsinghua University， has won the physical science category of the inaugural Future Science Prize， China’s first non-governmental science award， which was initiated in January by a group of scientists and business leaders. The award recognizes Xue for his pioneering contribution to work on the quantum anomalous Hall effect， a discovery that has helped accelerate the information technology revolution and may lead to the development of low-powerconsumption electronics.
Xue， 52， comes from east China’s Shandong Province. He received his bachelor’s degree from the Shandong University in 1984 and his PhD from the Institute of Physics at the Chinese Academy of Sciences in 1994. He started teaching at the Department of Physics at Tsinghua University in 2005 and became dean of the department five years later. In 2013， Xue was appointed vice president of Tsinghua University.
The Future Science Prize， regarded by some as China’s version of the Nobel Prize， aims to boost scientific research in the nation. An awards ceremony will take place in Beijing in January 2017， at which Xue will receive $1 million in prize money.
“The priority is to increase humanitarian assistance and protect the basic dignity and security of all refugees.”
Premier Li Keqiang， speaking at a leaders’summit on refugees during the 71st Session of the UN General Assembly at the UN headquarters in New York City on September 20
“We should not be blindly optimistic about the outlook for China’s foreign trade.”
Shen Danyang， spokesman of the Ministry of Commerce， on September 20 warning against the weak performance of China’s foreign trade， although trade data in August suggest an improving trend
“To meet the rising demand for Tibetan medicine， artificial cultivation of medicinal herbs is a must.”
Tashi Tsering， a researcher with the Traditional Tibetan Hospital of Tibet Autonomous Region in Lhasa， speaking about innovative ways to develop Tibetan medicine in a recent interview
“The consistent support provided by China to enhance integration of Least Developed Countries （LDCs） into the multilateral trading system is truly commendable.”
Yonov Frederick Agah， Deputy Director General of the World Trade Organization， commenting on China’s ongoing efforts to assist LDCs at the SouthSouth Dialogue on LDCs and Development in Geneva on September 19