Author Acknowledged
Chinese writer Yan Lianke won the Franz Kafka Prize on May 27, becoming the first Chinese author to win the award
Millionaire Sentenced
A court in central China's Hubei Province announced the verdicts for the first wave of convictions of the alleged organized crime ring led by former mining tycoon Liu Han

"The meeting between leaders from the two sides of the Taiwan Straits is our own business and there is no need to consider such a meeting at international events."

Ma Xiaoguang, Spokesman of the State Council Taiwan Affairs Office, at a press conference on May 28

"When Western luxury brands first entered into the Chinese market, they just needed to build up brand awareness as soon as possible in order to make money. But now the honeymoon period is over. They need to cater to the world's most discerning consumers."

David Roth, vice president of a United States-based advertising association, talking to China Economic Weekly

"In face of the cases of astonishing juvenile violence, we cannot simply blame and punish our children. We need to observe the environment these children grow up in and how they were treated by their school, family and society."

Tao Sha, an associate psychology professor of Beijing Normal University

"During every family get-together, we often see parents chatting or playing games on their smart phones. This habit will be copied by children as they are most likely to pick up behavioral habits from their parents."

Liu Wei, a 33-year-old father of a 7-year-old son

Sino-U.S. Economic Ties


May 19

Jacob Lew, U.S. Secretary of the Treasury who has been in the office for only 15 months, paid his third visit to China since taking office. The visit was a preparation for the coming Strategic and Economic Dialogue (S&ED) between China and the United States in early July. Before departing China, Jacob had an exclusive interview with Caixin magazine.

He talked about the exchange rate of yuan, China's economic prospects, the condition of the U.S. financial sector, the IMF quota reform, and the advance of the Trans-Pacific Partnership Agreement (TPP), among other topics.

Disaster Relief

Outlook Weekly

May 19

Due to global climate change, we are facing natural disasters more and more frequently. As a country of vast territory, China is faced with all kinds of challenges in terms of the natural and social risks related to natural disasters.

Traditionally, disaster relief and management depends on the government's administrative mobilization. This is a highly efficient operational mode in the time soon after disasters happen, but in the aftermath, a number of problems will emerge, such as relief fund embezzlement and unfair assisting policies. The overdependence on administrative resources is already out of date and China now urgently needs a state crisis management system including insurance.

Off Road A military jet takes off from a highway in central China's Henan Province on May 25 (CFP)
Mass Messaging The Chinese Government started a month-long campaign to eliminate malpractice on instant messaging services like WeChat on May 27 (GUO CHENG)
Smog Assessment
On May 27, the State Council, China's cabinet, issued regulations on assessing local governments' performance in their implementation of a nationwide action plan for air pollution control
Environmental Court
A special court for environmental cases was opened on May 23 in southeast China's Fujian Province. It is the country's first such specialized judiciary organ
Overseas Patents
The growth in filings of Chinese patents abroad has increased significantly since 2000, according to the World Intellectual Property Organization
Tracking Progress Workers check railway tracks along the second line of the Lanzhou-Xinjiang Railway, which will come into operation at the end of 2014 (WANG JIANG)
Wind of Change Wind turbines generate power in Yuhuang Mountain, Xuyi County, Jiangsu Province (ZHOU HAIJUN)
Shoring Up SMEs
Chinese officials said on May 27 that more efforts by the government are under way to revitalize the country's small and medium-sized enterprises in boosting economic growth
Salary Survey
The National Bureau of Statistics said in a statement on its website that foreign companies paid an average annual salary of 61,694 yuan ($10,001) to their employees in 2013, topping all other types of companies
Seeking Private Capital
The nation's largest utility by sales plans to seek private capital investment to establish a distributed power network and charging stations for electric vehicles
Zhang Jingwei
A researcher with the Chahar Institute
Western countries are self-contradictory when they appraise the Chinese economy. On one hand, they deny China's status of market economy and attribute China's high-speed growth to political power; on the other hand, they conduct analysis of China's economic downturn solely with market economy techniques. Therefore their analysis of, and forecast regarding, the Chinese economy are always not accurate.
    An anti-coup protester holds up a sign during a rally in Bangkok on May 26, the day Thailand's coup leader Prayuth Chan-ocha received royal endorsement to lead the politically divided kingdom (XINHUA/AFP)
    Firefighters work to rescue victims of a fire at a hospital in Jangseong in southern South Korea on May 28. At least 21 people were killed (XINHUA/AFP)
    Competitors tumble down Cooper's Hill in pursuit of a round cheese on May 26 during an annual cheese rolling event, which dates back to at least the 1800s, near the village of Brockworth in western England (XINHUA/AFP)
    A prairie dog cub plays with a blade of grass at the Hanover Zoo on May 22 (XINHUA/AFP)
    Students comfort each other during a candlelight vigil on May 24 in honor of those affected by a University of California Santa Barbara campus killing spree, in which a 22-year-old man killed seven people including himself, in Santa Barbara, California (XINHUA/AFP)
    Prime Minister Narendra Modi attends his swearing-in ceremony in New Delhi on May 26 (XINHUA)
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