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Chai Jing， a former China Central Television （CCTv） journalist， recently released a self-financed movie about China’s environmental meltdown on the Internet. Her documentary， which focuses on the country’s smog problem， attracted more than 155 million hits in the first 24 hours after it was premiered on half a dozen Chinese websites on February 28.
Some have applauded the move and were of the opinion that the 103-minute-long documentary represents a milestone achievement for Chinese “self media.” Others， however， have accused the journalist of conduct unbecoming a professional， pointing to the adoption of allegedly inaccurate data and what critics see as her manipulation of the feelings of audiences through the employment of emotional arguments.
Chai， 39， was born in Linfen in the coal-rich province of Shanxi. In 1994， she became a host on Hunan Arts Radio and seven years later， she went on to become a reporter for CCTv. In 2003， she made a name for her investigative journalism during the severe acute respiratory syndrome crisis.
Huge Shifts in China’s Private Bank
New Century Weekly February 16
China Minsheng Bank （CMBC）， the country’s oldest and largest private bank， has recently been shaken by one of the biggest upsets the bank has experienced since its establishment in 1996.
Firstly， Mao xiaofeng， the bank’s president， who it was believed would be next in line for the position of chairman， resigned in the aftermath of being taken away for investigation by China’s top discipline watchdog on January 25. He was reported to have been implicated in the corruption case of Ling Jihua， a former senior political adviser. Secondly， the balance of power among its shareholders has greatly changed， with Anbang Insurance Group now holding over 20 percent of its shares and becoming the company’s single largest shareholder in the process.
At present， CMBC has assets of 4 trillion yuan （$640 billion） and most of its shareholders are private entrepreneurs. When Dong Wenbiao took over as chairman of the bank in 2006， its business developed rapidly and there existed an equitable balance between all shareholders. In recent years， the bank has been wooed by the capital market， owing in large part to measures undertaken in order to transform its profit models， such as the promotion of loans to small and micro businesses. Dong resigned in August 2014.
The dramatic changes occurring over the past few months have thrown a shadow over the bank. The personnel shifts and the purchasing of stock by Anbang have both added to the mounting uncertainties regarding its future. Evolution of Sino-Foreign Joint Ventures
Oriental Outlook February 26
In the 1980s， joint ventures were nearly the only vehicle available to attract foreign investment to China. The nation had originally wished to barter access to its vast market for foreign investors’advanced technology by enabling the establishment of such ventures.
After the first joint venture in China， Beijing Air Catering Co. Ltd.， was established in 1980， more such companies cropped up in industries ranging from car manufacturing to beer production in the 1980s and 1990s.
However， ever since China joined the World Trade Organization in 2001， foreign investors have been allowed to set up exclusively foreign-owned companies， with the exception of a select few industries. An increasing number of foreign investors have chosen to break away from the joint ventures and establish their own companies in China. Many foreign companies that have since extricated themselves from joint ventures now enjoy a position of monopoly in their respective industries.
Although more and more Chinese and foreign enterprises are parting company with one another and developing independently，joint ventures nonetheless remain the sole available avenue for foreign capital to enter the Chinese market in certain industries. For instance， the Tianjin Port Free Trade Zone and the Aviation Industry Corp. of China signed a memorandum of understanding with Airbus in October 2014 to build a completion center for A330 planes in the northern city of Tianjin. For some Chinese and foreign companies， joint ventures are still an effective means of complementing each other’s advantages.
A Fairer System for Selecting Professors
Xi’an Evening Post February 27
Lately， a news item about a 27-year-old woman named Lu yingying being granted the titles of a professor and a doctoral adviser at Zhejiang University has generated consternation online.
Although the university has denounced the news as false and explained that Lu has been employed as a researcher who is allowed to recruit doctoral students， the question concerning the criteria for appointing professors has become the subject of much debate.
The very fact that Lu could inhabit the role of a researcher and recruit doctoral students but at the same time be denied the title of a doctoral advisor reflects discrepancies between her title and ability. The conditions in place for being an advisor should not be tied to one’s age， but rather to whether or not one possesses the requisite level of academic competence. Supervisors who have attained their positions through plagiarism should be stripped of their professional titles， while young scholars with the appropriate degree of ability and expertise should be accorded the titles in their stead.
Some have applauded the move and were of the opinion that the 103-minute-long documentary represents a milestone achievement for Chinese “self media.” Others， however， have accused the journalist of conduct unbecoming a professional， pointing to the adoption of allegedly inaccurate data and what critics see as her manipulation of the feelings of audiences through the employment of emotional arguments.
Chai， 39， was born in Linfen in the coal-rich province of Shanxi. In 1994， she became a host on Hunan Arts Radio and seven years later， she went on to become a reporter for CCTv. In 2003， she made a name for her investigative journalism during the severe acute respiratory syndrome crisis.
Huge Shifts in China’s Private Bank
New Century Weekly February 16
China Minsheng Bank （CMBC）， the country’s oldest and largest private bank， has recently been shaken by one of the biggest upsets the bank has experienced since its establishment in 1996.
Firstly， Mao xiaofeng， the bank’s president， who it was believed would be next in line for the position of chairman， resigned in the aftermath of being taken away for investigation by China’s top discipline watchdog on January 25. He was reported to have been implicated in the corruption case of Ling Jihua， a former senior political adviser. Secondly， the balance of power among its shareholders has greatly changed， with Anbang Insurance Group now holding over 20 percent of its shares and becoming the company’s single largest shareholder in the process.
At present， CMBC has assets of 4 trillion yuan （$640 billion） and most of its shareholders are private entrepreneurs. When Dong Wenbiao took over as chairman of the bank in 2006， its business developed rapidly and there existed an equitable balance between all shareholders. In recent years， the bank has been wooed by the capital market， owing in large part to measures undertaken in order to transform its profit models， such as the promotion of loans to small and micro businesses. Dong resigned in August 2014.
The dramatic changes occurring over the past few months have thrown a shadow over the bank. The personnel shifts and the purchasing of stock by Anbang have both added to the mounting uncertainties regarding its future. Evolution of Sino-Foreign Joint Ventures
Oriental Outlook February 26
In the 1980s， joint ventures were nearly the only vehicle available to attract foreign investment to China. The nation had originally wished to barter access to its vast market for foreign investors’advanced technology by enabling the establishment of such ventures.
After the first joint venture in China， Beijing Air Catering Co. Ltd.， was established in 1980， more such companies cropped up in industries ranging from car manufacturing to beer production in the 1980s and 1990s.
However， ever since China joined the World Trade Organization in 2001， foreign investors have been allowed to set up exclusively foreign-owned companies， with the exception of a select few industries. An increasing number of foreign investors have chosen to break away from the joint ventures and establish their own companies in China. Many foreign companies that have since extricated themselves from joint ventures now enjoy a position of monopoly in their respective industries.
Although more and more Chinese and foreign enterprises are parting company with one another and developing independently，joint ventures nonetheless remain the sole available avenue for foreign capital to enter the Chinese market in certain industries. For instance， the Tianjin Port Free Trade Zone and the Aviation Industry Corp. of China signed a memorandum of understanding with Airbus in October 2014 to build a completion center for A330 planes in the northern city of Tianjin. For some Chinese and foreign companies， joint ventures are still an effective means of complementing each other’s advantages.
A Fairer System for Selecting Professors
Xi’an Evening Post February 27
Lately， a news item about a 27-year-old woman named Lu yingying being granted the titles of a professor and a doctoral adviser at Zhejiang University has generated consternation online.
Although the university has denounced the news as false and explained that Lu has been employed as a researcher who is allowed to recruit doctoral students， the question concerning the criteria for appointing professors has become the subject of much debate.
The very fact that Lu could inhabit the role of a researcher and recruit doctoral students but at the same time be denied the title of a doctoral advisor reflects discrepancies between her title and ability. The conditions in place for being an advisor should not be tied to one’s age， but rather to whether or not one possesses the requisite level of academic competence. Supervisors who have attained their positions through plagiarism should be stripped of their professional titles， while young scholars with the appropriate degree of ability and expertise should be accorded the titles in their stead.