Ancient Canal Town——Tai'erzhuang

正IN June 2014,the 2,500-year-old Beijing-Hangzhou Grand Canal,running a length of 1,797 kilometers,made the World Cultural Heritage list.The 42.5-kilometer-long stretch at Tai’erzhuang(now a district of Zaozhuang City,Shandong Province),at the junction of the upper and middle sections,is widely known as the sole east-west waterway of the Grand Canal.Qing Emperor Qianlong(1711-1799)once praised Tai’erzhuang as"the world’s most affluent town"     

LETTERS

正Lin Zhixin’s devotion to charity is a touching story.It is good to know that many benevolent people are contributing to Lin’s charity projects.Transparency is the key to Lin’s success;without it,charities quickly lose public credibility.Certain governmental charities in China are currently grappling with a public trust crisis following recent scandals.Some are accused of misusing funds,others embezzled donations     

Buddha Jumps over the Wall

正"Buddha Jumps over the Wall,"also known as"Fu Shou Quan,"a wish for good fortune and long life,is a well-known Fujian dish that originated during the reign of Qing Emperor Daoguang(1821—1850).It was created by Zheng Chunfa,celebrated chef and proprietor of the Ju Chun Yuan Restaurant in Fuzhou,Fujian Province.Zheng was private chef of a senior local official in the early years     

Deeper SCO Cooperation Promises Regional Peace and Development

正LEADERS of the Shanghai Cooperation Organization(SCO)member states gathered on September 11 and 12 in Dushanbe,capital of Tajikistan,for a summit that is set to chart the course of the regional group’s development     

小额贷款公司法律监管的探究

小额贷款公司是随着民间金融的发展出现的,渐渐成为社会期待的一种有效金融模式。其具有商业兼公益性、民间金融草根性等特征。由于缺乏对小额贷款公司的专门立法,小额贷款公司发展日益暴露出风险问题,其背后是整个法律监管制度的缺位、错位。我国立法对小额贷款公司的定性不明,重合规性监管,导致风险并没有得到控制。需明确监管的主体和内容、确立适合性监管制度、建立激励性监管机制。     

Components of the Solution-Based Casework Child Welfare Practice Model That Predict Positive Child Outcomes

While a number of studies have shown the efficacy of the solution-based casework (SBC) practice model for child welfare (e.g., Antle, Christensen, van Zyl, & Barbee, 2012 Antle, B. F., Christensen, D. N., van Zyl, M. A. & Barbee, A. P. (2012). The impact of the Solution Based Casework (SBC) practice model on federal outcomes in public child welfare. Child Abuse & Neglect, 36, 342–353.[Crossref], [PubMed], [Web of Science ®] , [Google Scholar]), the current analysis examines the top ranked behaviors in cases reaching outcomes of safety, permanency, and well-being in both high adherence and low adherence cases. Sixteen top behaviors seem to have the greatest impact on outcomes, all of which are key to the three major theoretical orientations utilized in SBC. Thus, these results not only narrow in on the key behaviors that drive success in the practice model, but also shows the utility of the theoretical underpinnings of the practice model.     

An Empirical Study of Chinese Large Shareholders’ Behavior under the Background of the Split Share Structure Reform

Using the data on related-party transactions between Chinese publicly listed firms and their controlling shareholders in 2005, this article empirically examines the characteristics of related-party transactions and their impact on the firms’ performance. The results show that the companies that completed related-party transactions with their large shareholders possess a higher concentration of ownership structure and lower P/E ratios, and their performance is significantly improved after these transactions. The current related-party transaction is also not used to achieve the necessary requirements for refinancing and the tunneling behavior of large shareholders follows a significant declining trend. Further regression analysis shows that the size of related-party transactions is positively correlated with the large shareholders’ equity ratio, and is negatively related to the P/E ratio and the performance of listed companies prior to the transactions. Finally, the research reveals that Chinese listed company performance has a significant positive correlation with the size of related-party transactions and the large shareholders’ equity ratio. Since China launched the split share structure reform (SSSR) in 2005, we have attributed all the above results to the change in the environment caused by the SSSR and concluded that large shareholders prop up a listed company through related-party transactions.     

“Comfort Women” Merit Remembrance

正ON August 6,Navi Pillay,the United Nations High Commissioner for Human Rights,urged Japan to produce a comprehensive,impartial and lasting resolution on the issue of wartime sexual slavery,the so-called"comfort women."She lamented a report released by the Japanese government on June 20that said it"was not possible to confirm that women were forcefully recruited."In appealing to Japan,Pillay recognized that such a statement would cause tremendous agony to those female victims.     

U.S. Needs Neutral Policy on Sea Disputes

正U.S.National Security Advisor Susan Rice said during her first visit to China from September 7 to 9 that President Barack Obama regards his scheduled November visit to China as a milestone,because he attaches great importance to U.S.-China relations.Although Obama’s visit is still a month away,observers believe that instability in the South China Sea due to the"pivot to Asia"policy of the U.S.will be high on the     

Passing on the Ethnic Korean Farmers＇ Dance

正Wangqing County,located in Jilin’s Yanbian Korean Autonomous Prefecture,is known as the hometown of the Chinese elephant cap dance.Fifty-six-year-old Jin Mingchun is leading ef orts to preserve the traditional folk art.As director of Wangqing’s Center for Preservation of Intangible Cultural Heritage,Jin has devoted 35 years to continuing the ethnic Korean farmers’dance.He is also the only dancer who can     

BRICS New Development Bank——Promoting Reform with an All-Win Strategy

正ON July 15,2014,at the 6th BRICS Summit in Brazil,the heads of the BRICS countries signed the Fortaleza Declaration,which announced the founding of the BRICS New Development Bank(NDB)and an emergency reserve fund.The initial authorized capital of the bank will be US$100 billion with a first investment of US$50 billion contributed equally by each of the five member states.At the same time,a US$100 billion contingent     

Bill Loves China

正BILL Brown,Fujian’s first foreign permanent resident,has been a professor in Xiamen University’s School of Management since he helped start the MBA program in 1988.Currently,he hosts the weekly TV program Xingfu Fujian(Happiness in Fujian)for     

What Are the Real Problems of China＇s Economic Growth？

正CHINA is the world’s second-largest economy,and how its economic growth progresses will inevitably influence that globally.The outside world has followed closely the sustainability of China’s economic growth.Such interest was the basis for the BBC documentary How China Fooled the World.The documentary is centered around China’s economic growth having been driven by vast amounts of credit from the banking sector over the past few     

Economy

正Shanghai International Gold Trading Center Starts Operation The Shanghai International Gold Trading Center was recently launched as the first international trading platform in China(Shanghai)Pilot Free Trade Zone(FTZ).The Shanghai FTZ is also preparing to establish other international trading centers.In the Shanghai gold trading center,foreigners are allowed to invest in China’s gold market.According to Li Jun,deputy secretary-general of the Shanghai     

U.K. Needs Clear Choice on China Relations

正CHINA and Britain have potentially one of the world’s most fruitful international economic relationships.Not only do they account for 16 percent of world GDP,but their two economies are mutually complementary rather than competitive.China is now the world’s largest industrial producer,     

Photo News

正September 7,2014Thousands of lanterns take to the skies in Yichun City of Jiangxi Province during a local Moon Culture Tourism Festival.September 1,2014Students at a primary school in Taizhou,southeast China’s Zhejiang Province sprint around the country’s first rooftop running track.     

A Descendant of Nanjing

正IN August of every year,the Japan-China Friendship Association organizes a touring exhibition around Japan themed"Expose War for Peace."Exhibits include historical photos and objects relating to the Japanese war of aggression against China.The 2014 three-day exhibition started on August 10 and concluded on August 12 at the Nagoya Civic Assembly Hall.Thirty-nine non-governmental organizations provided extensive historical WWII     

Memorialize the Victims of the Nanjing Massacre

正THE Nanjing Massacre refers to the 40-day slaughter committed by the Japanese army in the early stages of their invasion of China,which cruelly claimed the lives of more than 300,000 civilians and captured soldiers.One third of the city was razed and property losses were beyond count.Some believe that the Nanjing Massacre,along with Auschwitz Concentration Camp and bombing of Hiroshima(the first use of atomic weapons in combat)were the three     

The Promise of Fruitful Sino-British Cooperation

正RELATIONS between Britain and China date back to antiquity,founded on ancient trade and missionary contacts.Beginning in the 1830s,Britain was the first country to industrialize and become a world economic power.In the Opium Wars Britain forced China to open its doors,bringing the country into     

Exchanges

正Chinese,Australian FMs Host Diplomatic and Strategic DialogueOn September 7 Chinese Foreign Minister Wang Yi and his Australian counterpart Julie Bishop co-hosted the second round of China-Australia Diplomatic and Strategic Dialogue in Sydney.Wang Yi said that bilateral relations have maintained an optimistic momentum.To enhance bilateral ties,both sides need to promote mutual trust and mutual