Qiushi Theory published an article on the strategy for China to grow into an Internet superpower. The article also listed three challenges that China faces. The first is that, even though China is the largest manufacturer of mobile devices in the world, accounting for 70 percent of the world’s production, it is lagging behind because it does not own the core technology rights as compared to developed countries. The second challenge is how to maintain Internet security. The article stated that the Internet is a double edged sword. While the Internet is a platform to spread mainstream ideology, “those criminals or those who have the ulterior motive of spreading rumors can use it to stir up affairs or conduct illegal activities.” The third challenge is how government can maximize its role in the allocation of resources in the market, such as by creating a market for domestic made products. The article used the example of how the EU set up GSM (the Global System for Mobile Communications) and WCDMA (Wideband Code Division Multiple Access) as the European communication standard before certain products were even developed.

Source: Qiushi Theory, May 13, 2014
http://www.qstheory.cn/zxdk/2014/201410/201405/t20140513_348197.htm

In a recent article, Guangming Daily featured the China (Shenzhen) International Culture Industries Fair (ICIF) for its role in "stimulating the development of China’s culture industry and promoting Chinese culture in the world."

According to its website, the Ministry of Culture of the People’s Republic of China; the Ministry of Commerce of the People’s Republic of China; the State Administration of the Press, Publications, Radio, Film and Television; the China Council for the Promotion of International Trade; the Guangdong Provincial People’s Government; and the Shenzhen Municipal Government hosted the ICIF. The ICIF serves as a platform for Beijing to promote its own culture products to the world.

The 10th ICIF, taking place between May 15 and 19, 2014, has over 2,000 exhibitors with 17,000 overseas buyers in attendance. It is said to be the largest such fair to be presented in the last 10 years. The total trade value of the previous nine fairs amounted to US$85 billion.

Wang Jingsheng, the Chinese Communist Party’s propaganda chief in Shenzhen, said, "Chinese Culture’s ‘going global’ is the symbol of our national rejuvenation."

Ye Jianqiang, CEO of the Fair, expressed the belief that "the key is to have the products which carry the cultural ideology and values that meet the demand of the international market."

According to the article, the Shenzhen culture industry has become an important import and export base. The annual volume of culture products exported is 20 percent of the national total and the import volume is 18 percent. The products include original animated movies and 3-D movies that have penetrated the market in 40 countries, including the U.S. and Canada.

Source: Guangming Daily, May 18, 2014
http://news.gmw.cn/2014-05/18/content_11346311_2.htm

Huanqiu published a report on corrupt Chinese officials who have fled China. The report was titled, “U.S. Media: China Has Provided a List of a Thousand Corrupt Chinese Officials Who have Fled to the U.S.”