High Ranking Official: Breaking Internet Firewall Caused More Terrorism
Sina Finance: Chaori Solar Corporate Bond Defaulted
SOEs Can Recover and Be Sustained through Consolidation and Diversified Ownership
According to People’s Daily, the recent talks that both Xi Jinping and Li Keqiang gave indicate that the central administration still places the reform of SOEs (State Owned Enterprises) as its top priority in the overall progress of reform. As can be seen in the Report on the Work of the Government given by Li Keqiang, the words “reform of SOEs” were mentioned 77 times. In his speech, Xi Jinping stressed that the SOEs shall continue to improve and reform can occur more quickly. The article said that the central administration will introduce a measure called the “diversified ownership concept." The non-SOEs can invest in SOE projects in areas such as finance, oil, electrics, railroads, telecommunications, energy development and public services. In the meantime, non-SOEs will be issued a permit to operate in certain SOE fields. The article said that, currently, the State-owned Assets Supervision and Administration Commission of the State Council, local governments, and SOEs are working closely to develop a plan.
Source: People’s Daily, March 9, 2014
http://finance.people.com.cn/n/2014/0309/c1004-24579745.html
People’s Daily: Physical Condition of China’s Youth Has Declined Steadily over the Past 25 Years
People’s Daily recently published an article stating that the average height of Chinese males between 7 and 17 years of age is 2.54 cm (1 inch) shorter than males in Japan and Korea. It also reported that the physical condition of Chinese youths has worsened steadily over the past 25 years. Wu Zhenxian, deputy to the People’s Congress and a teacher from Beijing who holds the distinguished teacher’s title raised the concern. According to Wu, based on the results of a physical examination of students from Beijing High School in 2012, the physical condition of the youths in strength, speed, and endurance has declined while near-sightedness and obesity rates have increased. Results showed that only 10 percent of the students passed the test. In the meantime, schools are concerned about the potential liability caused by injury due to physical activities. Wu is calling for safety regulations to be established to protect both students and schools from liabilities due to such injuries. Wu also mentioned that Beijing is facing a severe shortage of teaching resources where elementary schools face a 47 percent shortage and the shortage in middle schools is at 68 percent. She is asking colleges to train more teachers and the Ministry of Education to loosen up restrictions on the quota for teachers from outside of Beijing to join the teaching workforce in Beijing.
Source: People’s Daily, March 7, 2014
http://world.people.com.cn/n/2014/0307/c1002-24555332.html
Committee Delegates: College Graduates Do Not Meet Existing Job Requirements
Xinhua carried an article that was originally published by Beijing News. The article covered the group discussion among the conference delegates during the 2nd session of the 12th CPPCC (Chinese People’s Political Consultative Conference National Committee) on the gap between job requirements and the skill level of China’s college graduates. A scholar from the Chinese Academy of Science even stated that there is not much difference between the current college graduates with master’s degrees versus those technical school graduates from a number of years ago. Some delegates observed that the quality of the graduate students continues to decline. They are weak in overall skills, inter-personal relationships, hands-on experience, and the ability to deal with stress, as well as in job related fundamental theory. The statistics from a recent job fair in Jiangying City suggested that society has a tendency in general to pursue higher education. Therefore, there is a serious shortage of workers with technical skills, while the college graduates face a tough job market. Many college graduates have had to take low paying positions. Meanwhile they tend to have high expectations for a job and are unable to handle the workload they are assigned. Some delegates blamed the companies for not holding job training classes while some said that universities don’t offer courses that prepare students for the job market and are not well connected with the companies that need employees.
Source: Xinhua, March 9, 2014
http://news.xinhuanet.com/politics/2014-03/09/c_126239703_2.htm
Huanqiu Editorial: Chinese Media Should Make a Greater Effort to Support Russia and Putin
Huanqiu, a state-run media under People’s Daily, published an editorial commenting on China’s position regarding the ongoing Russia-Ukraine conflict. Below are some quotes from the article:
People’s Daily on Ukraine: Be on Guard against the Trap of Democracy
On February 28, 2014, People’s Daily published a commentary on the recent political events in Ukraine, titled “Be on Guard against the Trap of Democracy and Loss of Control.”