Managing Money Online

正Internet financial products have enjoyed huge success,but will they change the landscape of China’s financial sector?Wang Kang,27,works for a Beijing branch of the Industrial and Commercial Bank of China(ICBC),a major state-owned commercial bank in China and the largest bank     

International Reactions

正China Chinese State Councilor Yang Jiechi severely criticized Japanese Prime Minister Shinzo Abe’s visit to the Yasukuni Shrine,calling it a brazen affront to people of all countries that suffered from Japanese aggression and colonial rule.     

PEOPLE

正"Reading books gives you access to the knowledge and culture of the people of different countries.The main problem facing China and Turkey in the field of literature is the lack of translated books."Chinese writer and Nobel laureate Mo Yan,calling for more translated literature works at a news briefing in Istanbul on February 22     

NUMBERS

正58 Number of approval items that the State Council canceled or delegated to lowerlevel governments to streamline administration on November 24 $2.3 blnvalue of agreements signed between businesses from Singapore and east China’s Zhejiang Province at the 10th SingaporeZhejiang Economic and Trade Council meeting held in Singapore on November 24 4% Decrease in business revenues in China’s telecom sector in October     

WORLD

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A White-Hot Battle

正Backing a price war between cab-booking apps serves the larger ambition of China’s Internet companies Han Yonghui is a cabbie in Beijing.After a taxi fare increase in 2013,he makes roughly 5,000 yuan($823)a month,just about enough to feed his family.Recently,Han started using cab-hailing mobile software to pick up customers who order taxis via smartphone.Benefiting from an increasingly fierce competition of rewards between two of the most popular apps for this purpose,he can receive up to 2,250 yuan($370)     

ThePolitical TricksofAbe

正Japan’s leader hopes to salvage his power by way of an early election Japanese Prime Minister Shinzo Abe dissolved the House of Representatives,or the lower house in the country’s bicameral parliament,on November 21.A consequent snap election will be held on December 14,two years ahead of schedule.In recent months,the Japanese economy has continued to slide and entered a technical     

Mid-Term Misfortune

正Barack obama strives for a sound legacy Predictably,the U.S.Republican Party(GOP)took back the Senate after eight years in a landslide victory during the mid-term congressional election in November.While the GOP is still in control of the House of Representatives,it also gained ground in state governor elections in Illinois,Maryland,Iowa and Colorado—the traditional spheres of influence of the Democrats.     

Chinese Machinery Maker Explores overseas Market

正The 15th Russia International Show of Construction Equipment and Technologies(CTT)was held in Moscow from June 3 to 7.Liuzhou OvM Machinery Co.Ltd.attended the exhibition with its prestressed products."At the moment,infrastructure construction such as housing,elec-tric power and railway is continuing to expand in Russia,and given that the country’s import of machinery     

Doing Justice To the Past

正China has declared Japanese Prime Minister Shinzo Abe an unwelcome visitor following his recent visit to the controversial Yasukuni Shrine.When asked whether Chinese leaders would listen to his explanations for the shrine visit in person,a Foreign Ministry spokesman ruled out the possibility by saying that Abe has"shut the door"on dialogue.China is not alone.The U.S.State Department also expressed disappointment at Abe’s visit     

Tigers and Flies

正At the Third Plenary Session of the 18th Central Committee of the Communist Party of China(CPC) in November of 2013,much of the focus was placed on anticipated economic and social reforms.However,one area that both casual observers and Western news media mistakenly assumed that had been overlooked was the issue of corruption.     

Dismantling Auto Monopoly

正Chinese car owners may finally be able to breathe a sigh of relief after years of being overcharged deng Ouya,a Chinese Canadian who works as an IT engineer in Montreal,has nurtured an enthusiasm for cars since he was still a student in his homeland."I bought my Mercedes-Benz GLK 350 at the price of 50,000Canadian dollars($45,800)when migrating to Canada,but the price for the same model assembled in China is 450,000 yuan($73,100)     

Street Snack Stories

正A group of young entrepreneurs hope to give traditional Chinese fast-food a modern makeover By yuan yuanthere is one food found nearly all over China—roujiamo,a round,flatbread bun split into two halves and filled slow-cooked pork that has been stewed in a     

Shining a Light on Depression

正As recently as a few decades ago,few Chinese had so much as heard of the mental disorder,depression.Many who suffer from the condition,along with their families and their communities,are still not well informed about it;as a result,few of those afflicted visit hospitals to address their sadness or dour moods.Today,recognition of this psychological disorder is spreading across China.Depression is now considered a major     

Efficiency of Anti-Corruption Efforts

正Dear Readers,Forum is a column that provides a space for varying perspectives on contemporary Chinese society.We invite you to submit personal viewpoints on past and current topics (in either English or Chinese).zanjifang@bjreview.com Please provide your name and address along with your comments The Communist Party of China resolved to fight corruption with an iron fist and build a cleaner system of politics at the 18th National Congress in November 2012.     

Leaving in Peace

正As China faces a rapidly aging society,the experiences of the nation’s first hospice could offer solutions to some looming problems By Yuan Yuan Li Wei starts all of his college lectures with the same statement,"I have good news for you.You will die in less than 20,000 days."     

Down to Brass Tacks

正China has identified all the potential roadblocks lying in the path of the country’s transformation But how exactly should it now proceed?On May 20,the State Council approved and forwarded the Key Tasks for Deepening Economic Structural Reforms in 2014 released by the National Development     

Reconsidering the Role of Real Estate

正China’s real estate market is in a stage of cyclical adjustment.Data from the National Bureau of Statistics show that in April,secondhand housing prices in 22 of the country’s 70large and medium-sized cities dropped from the previous month,and newly built housing prices in eight of the 70 cities declined over those of a month ago.In the last several years,the country’s real estate industry has developed very rapidly,pushing up overall economic growth.However,     

The Politics of Grief

正The Confucian classic of China,the Liji,or The Book of Rites,is a work that teaches through numerous examples the proper ways to grieve for and remember the dead.In some cases,the requirements are quite extensive;the rituals prescribed for a son upon the death of his father,for example,require donning a mourning sackcloth.The first three days are spent fasting,leaping and crying;the burial     

A Semicolon,Not a Full Stop

正Ukraine’s new president faces big challenges in managing both domestic affairs and relations with Russia Ukrainian candy tycoon Petro Poroshenko’s presidential election victory was unsurpris-ing.What did come as a surprise,however,was that it happened in