Master of the Screen
Chinese film producer and distributor Han Sanping has confirmed he will step down from chairmanship of China Film Group Corp., one of the major distributors and exporters of Chinese films
Godfather of E-Commerce
Jack Ma, the founder and Chairman of Alibaba Group, the e-commerce titan in China, announces that the company had chosen Wall Street as the site of an initial public offering that may value the firm at up to $120 billion

"Right now, with the rapid expansion of the market, there is a need to combat the growth of gambling in mobile games and related products. "

Yu Yi, a Beijing-based game analyst

"We anticipated an increase in the number of extremely wet years in the 21st century, while the likelihood of droughts still remains."

Shun Chi-ming, Director of the Hong Kong Observatory, at a press briefing on March 17

"The scandals of kindergartens secretly feeding children anti-viral medication that have been discovered in several cities have caused enormous pain to these children's parents. We urgently need to fill the legislative gaps to protect our children."

Guo Wenjing, a netizen on

"The main culprits behind the declining physical conditions of students are boring PE classes and our score-oriented education."

Shi Yangguang, a microblogger on, commenting on a recent survey on the health of primary and middle school students in Beijing, where 20 percent of respondents were found to be obese and boys exhibited a drop in forced vital capacity

China's Position in the Global Economy

South Reviews
March 12

Numerically, China is the second largest economy and boasts the title of the largest factory powerhouse in the world. The country produces countless products for the world market, from smart phones and toys to clothing.

However, the world factory position is based on a labor-intensive working mode. In many sectors, China is at the low end of the world's industrial chain. In the smart phone industry, for example, China cannot acquire either chip technologies or operation systems. Some may argue China-based patents are growing fast and exceeding those of developed countries. But most patents obtained in China are less important in the entire industrial chain.

Reform of State-Owned Enterprises

Oriental Outlook
March 13

Reforming China's state-owned enterprises (SOEs), which occupies a dominant position in the country's national economy, will always be a matter of heated debate.

A highlight of the new round of SOE reform is to encourage employees of SOEs to become shareholders of their enterprises. Actually, many SOEs attempted to reform their rigid management using this method years ago. China's joint-stock system reform has lasted 20 years.

Navy Drill Marines with the Chinese navy participate in a war game in north China’s Inner Mongolia Autonomous Region (ZHA CHUNMING)
Fresh Air Tourists take pictures at Gulangyu Island in Xiamen, southeast China’s Fujian Province (PENG ZHANGQING)
Power List
China's Central Government now has 1,235 administrative approval items in total, after last years' extensive cull
Terrorism Denounced
China reiterates its stance on fighting against the East Turkistan Islamic Movement, a terrorist group that voiced support for a deadly terrorist attack in Kunming  railway station
Protecting Petitioners
China's new rules for better management of petitions have prohibited putting petitioners under any form of confinement
Small Bags, Big Hit Workers sew plastic woven bags in Kangping County of Shenyang, Liaoning Province (ZHANG WENKUI)
One Step Ahead Chinese Premier Li Keqiang and visiting New Zealand Prime Minister John Key announced the beginning of direct trading between China’s currency, the yuan, and the New Zealand dollar in Beijing (SHENG JIAPENG)
Trading Band Widened
China's central bank widens the yuan's daily trading band from the current 1 percent to 2 percent
Growth Moderated
Home prices in major Chinese cities grew at a slower pace in February, with fewer cities seeing month-on-month price rises
Cutting Red Tape
China's will simplify administrative procedures for establishing rural commercial banks and credit cooperatives
A New Financial Regulatory Paradigm
Chinese central bank sets out to standardize Internet banking
    Women and men in bridal gowns dance in Bryant Park in New York City on March 15 as they participate in the Brides of March, an annual event that parodies weddings in Western culture (XINHUA/AFP)
    Catherine Ashton (left), the European Union’s foreign policy chief, and Iranian Foreign Minister Mohammad Javad Zarif attend the second round of the Iranian nuclear talks between Iran and six world powers in Vienna on March 18 (XINHUA/AFP)
    Revelers covered in colored powder dance during Holi celebrations in Allahabad on March 17. Holi, the popular Hindu spring festival of colors, is observed in India at the end of the winter season (XINHUA/AFP)
    Syrian President Bashar al-Assad (left) visits a shelter in the industrial city of Adra on March 12 to meet people displaced by the country’s 3-year-old civil war (XINHUA/AFP)
    A Proton-M rocket carrying two Russian telecommunications satellites blasts off from the Russian-leased Baikonur Cosmodrome on March 16 (XINHUA/AFP)
    A crew member of the Royal Australian Air Force’s AP-3C Orion aircraft conducts search operations for the Malaysia Airlines flight MH370, which went missing on March 8 with 239 people on board, off the western Australian coast (XINHUA)
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