China ranks No 2 in internet talents among BRICS countries

Wang Keju in Wuzhen
Displayed with permission from China Daily

China ranks second in the number of internet talents after India among the BRICS countries, according to a report released at the 4th World Internet Conference on Monday.

The 2017 Internet Talent Development Report, complied by the National Academy of Innovation Strategy in Beijing, shows that the number of internet talents in China accounts for 27% among the five countries, while India takes up 52.2%, almost as twice large as China.

The number of internet talents is distributed unevenly worldwide, said Ni Guangnan, a researcher at the Institute of Computing Technology at the Chinese Academy of Sciences.

“Chinese IT talents are highly competitive in innovation ability, diligence and other aspects, but enterprises at present are facing the pressure of a lack of talents,” he said.

In China, the major eight enterprises such as Huawei, Tencent, China Mobile have a total demand of about 169,000 internet talents this year. However, the major eight universities including Peking University and Shanghai Jiao Tong University can only provide about 14,900.

The report also shows that emerging internet startups are in a fierce contest with established internet companies for these talents.

Startups offer higher salaries to attract talents than the three major internet companies – Baidu, Alibaba and Tencent (BAT). The average salary in some new companies, including DiDi and Meituan, is higher than BAT by 21%, according to the report.

Startups offer higher salaries to attract talents than the three major internet companies – Baidu, Alibaba and Tencent (BAT). The technical employers with one to three years’ work experience in some new companies, including DiDi and Meituan, earn higher salaries than employees of BAT by 21%, according to the report.

“In a world where the boundaries between the internet and traditional industry are blurring, companies need the best talent to keep on top of the game,” said Yu Chengdong, CEO of Huawei’s consumer business group.

– China Daily

[VIEWPOINT] Mugabe and His Country: A Chinese Perspective

By Liu Yunyun (Assistant Executive Editor of Beijing Review)

It came as a big surprise to China that the long-time leader of Zimbabwe and an old friend of China’s had been confined and forced to resign in a “military coup,” despite the fact that many had long questioned whether the nation’s revolutionary leader could effectively lead the poverty-stricken nation to industrialisation and modernisation.

Though his resignation is deemed celebratory by many – some of his people and the so-called media elites from the West – his achievements and failures are part of the nation’s history and legacy which will remain true and significant in understanding this Southern African nation.

Mugabe visited China several times in the hope of finding support for his government and also the Chinese “secret” to success. But unfortunately, as our great reformer Deng Xiaoping had said to his entourage, after his meetings with Mugabe, “He won’t listen.”

China was once in the same international and domestic position as Zimbabwe: poor, backward, and with foreign sanctions. But eventually, after many twists and turns, it found out its own path for economic and social development, which is: making policy changes in accordance with its own national condition without blindly copying others’ way of governance.

READ MORE: Zimbabwe: Domestic Rivalries, US-China Competition Underlie Political Crisis

When it became evident that the former Soviet Union socialist approach could not help Zimbabwe, Mugabe did not draw lessons from the failure of the “big brother,” but instead, continued down the road of proactive policies in various fields, including the land ownership.

Looking back on history, there are some lessons to be learnt from the rise and fall of Mugabe: reform the system when it is necessary; put aside ideological debate while focusing on development; set up a legal base for transition of power and tenure system. Nonetheless, it’s always easier said than done. It is widely expected that his successor can move the nation forward, however difficult it now seems.

Resigned or not, Mugabe has been, is now, and will always be China’s good friend, and so also his country, Zimbabwe. As China’s Foreign Ministry spokesperson said, China has always adhered to the principle of not interfering in internal affairs of other countries and respects Zimbabwean people’s choice and the choice of Mugabe too. China is committed to cooperation with Zimbabwe to improve the well-being of its people regardless of who its leader will be.

Xi’s wisdom offers new insights into global governance

Displayed with permission from China Daily

BEIJING — Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era offers new insights into the improvement of the global governance system, international politicians and analysts said in reading signals from the 19th National Congress of the Communist Party of China (CPC).

China, under the leadership of the CPC, endorses the common values of the whole mankind, including peace, equity, justice, democracy and freedom, and advocates a world truly shared by all where international affairs are jointly managed, the world order is jointly built, and economic and social progress are shared.


China champions the development of “a community with a shared future for mankind”, which has been widely accepted by the international community and become an important consensus of global governance.

Slovak Prime Minister Robert Fico spoke highly of Xi’s innovative concept of promoting the establishment of a community with a shared future for mankind.

Lord Tu’ivakano, speaker of the Legislative Assembly of Tonga and former prime minister, said China’s impressive feat is an inspiration to developing countries including Tonga.

China has over the past five years set its own independent course governed by a policy of development-for-all, said Michael Steger, president of the Bay Area Chapter of the International Schiller Institute. He attributed China’s achievements to the strong Chinese leadership. His organization is a global political and economic think tank with headquarters in Germany and the United States.

Steger noted that China’s willingness to blaze its own pathway, with an orientation to share the means of development, has now become a stabilizing factor for the world.

With great strength comes great responsibility, and Xi has already displayed that responsibility, said Sourabh Gupta, a senior policy analyst at the Institute for China-America Studies, a Washington-based independent think tank.


As China gradually steps up onto the stage to take part in global governance, international observers have recognized it as a responsible stakeholder.

Speaking on China’s international leadership, Maksym Savrasov, head of the secretariat of Ukraine’s ruling party Petro Poroshenko Bloc “Solidarity”, said the achievements are vividly represented by the initiative on the construction of the Silk Road Economic Belt and the 21st Century Maritime Silk Road (the Belt and Road Initiative), which was put forward by Xi in 2013.

The initiative envisions reviving the ancient overland and maritime silk trade routes that connect Asia with Europe and Africa, boosting inter-connectivity, trade and people-to-people links.

“We are convinced that this global initiative has an enormous potential. Today more than 65 countries are united around this idea,” or more than 60 percent of the world’s population, the Ukrainian lawmaker said.

Pakistani President Mamnoon Hussain, senior leader of the ruling Pakistan Muslim League-Nawaz, said: “The Belt and Road Initiative has been proved to be effective in addressing problems facing mankind. The government and people of Pakistan are willing to work together with the Chinese people to build a global community with a shared future.”

The Belt and Road Initiative “should be able to produce global public goods. I think it can be,” said Harvard professor Joseph Nye.

Former Ukrainian President Leonid Kravchuk said the initiative is a good instrument to promote win-win cooperation and equal partnership around the globe.

“China firmly adheres to the policy of non-interference. It does not impose its lifestyle upon others, but promotes cooperation. The Belt and Road Initiative is the vivid confirmation to this,” Kravchuk said.

As dozens of countries have joined the initiative, China has become “a major center of attraction” for all the people who wish to achieve development, said Mahmoud Raya, director of the “China in Arab Eyes” news website in Lebanon.


Over the years, China’s proposals, ranging from the Belt and Road Initiative and the Asian Infrastructure Investment Bank, created to complement multilateral financial institutions like the World Bank and International Monetary Fund, to the strengthening of multilateral institutions such as BRICS and Shanghai Cooperation Organization, have provided alternative solutions to major issues in global development, said Xulio Rios, director of the Spanish Observatory of Chinese Politics.

When the world faces uncertainties arising from persistent economic problems and serious disputes, China takes on greater global responsibilities, and China’s growing role in global affairs means a larger presence of emerging economies and developing countries in global governance, Rios said.

Mauritanian President Mohamed Ould Abdel Aziz said Xi’s strategic thinking maps out a bright future for the Chinese people and consolidates the foundation of world peace.

China’s success can provide other countries with inspiring experience in pursuing their own development and in promoting global peace and prosperity.

“Over the past five years, China has shown potential it has to the entire world,” said South Korean ambassador to China Noh Young-min, noting that Beijing has also begun to turn into a key player in the international community for world peace.

“Most of the countries admire the Chinese experience,” Raya from Lebanon added. “That’s why China will always be an inspiration for all the countries looking for peace, security and advancement.”

China’s ‘big four’ banks to raise billions for Belt and Road deals

HONG KONG – China’s major State-owned commercial banks are raising tens of billions of dollars to fund the country’s Belt and Road investment push, according to people familiar with the matter.

The people said China Construction Bank Corp, the country’s second-biggest bank by assets, was raising at least 100 billion yuan ($15 billion) for a fund to specifically finance Belt and Road investment.

The people added CCB was raising cash onshore and offshore, and has already been running roadshows with investors.

Bank of China, another major State bank, aims to raise around 20 billion yuan for a similar fund, according to two of the people.

The cash, raised via banks’ private equity or other investment platforms, is part of a broader push sponsored by China’s central bank to use onshore yuan capital for offshore investments, including Belt and Road deals, according to one of the people.

The other two of China’s “big four” banks – Industrial and Commercial Bank of China Ltd and Agricultural Bank of China Ltd – are considering similar fundraising plans, two of the people said.

The people could not be identified as they are not authorized to speak to the media.

The four banks and the People’s Bank of China did not immediately respond to Reuters’ requests for comment.

President Xi Jinping pledged in May to boost financial support for the Belt and Road Initiative.

An additional 100 billion yuan will be injected into the Silk Road Fund, while China Development Bank and the Export-Import Bank of China will set up special lending plans respectively worth 250 billion yuan and 130 billion yuan to support Belt and Road cooperation.

Beijing is trying to contain overseas deals after some extravagant purchases in recent years, but while private spending on deals has slumped, acquisitions by Chinese companies in countries that are part of the Belt and Road Initiative are soaring, totalling $33 billion as of mid-August.

That compares with a $31 billion tally for all of 2016, showed Thomson Reuters data.

The sources said CCB and BOC would raise US dollars for the offshore portion of their funds and yuan from onshore investors. Some of the onshore capital could be used offshore for Belt and Road deals overseas, two of the people said.

Reuters – China Daily

China issues commemorative stamps for BRICS Summit

XIAMEN – China Post issued a stamp on Saturday to commemorate the BRICS Summit in Xiamen of East China’s Fujian province.

The stamp bears logo of the summit as well as the letters “BRICS” and “2017 China”. It also shows the scenic Gulangyu island, which was included into the UNESCO list last month, as well as other iconic sites of Xiamen like Xiamen University.

“It shows the features of Xiamen,” said Zhang Zhijun with the Xiamen branch of China Post. “With the sea we would like to imply that the summit is a new starting point for the countries to sail into a bright future.”

Philatelist can buy eight-stamp sheets or individual stamps. The small sheet is made of silk, with a panorama picture of Gulangyu island by a local photographer Zhu Qingfu.

Price of one stamp is 1.2 yuan (about 18 cents).

The leaders of Brazil, Russia, India, China and South Africa will meet in Xiamen in early September for the 9th BRICS Summit.

China previously has also issued stamps for the G20 Hangzhou Summit and the Belt and Road Forum for International Cooperation.

– China Daily/RepubHub

Beijing forum to boost exchanges among BRICS nations

May 31, 2017
Zhao Xinying
Displayed with permission from China Daily

The third annual BRICS Young Diplomats Forum got underway at Beijing Normal University on Wednesday.

Seventy young diplomats from Brazil, Russia, India, China and South Africa are taking part in the forum, which will run until Saturday and is aimed at boosting people-to-people exchanges among BRICS nations.

The event — organised by the Ministry of Foreign Affairs, Beijing Normal University and the government of Linyi, Shandong province — is seen as a warmup to the BRICS Summit in Xiamen, Fujian province, in September.

Wang Xiaolong, the Foreign Ministry’s special envoy for BRICS affairs, said at the opening ceremony that the forum would lay solid foundations for September’s summit.

Dong Qi, president of Beijing Normal University, added that the forum marked efforts by China to deepen understanding and friendship among young people from the five countries involved.

“Our university places great value on collaboration with BRICS nations, and we will take this opportunity to further cooperation with more higher education institutions in emerging economies,” he said.

He added that his university worked with more than 40 colleges and universities from BRICS nations in 2015 and established the BRICS University Alliance.

“We will keep on working together to make the alliance a platform for educational cooperation and people-to-people exchanges. We will also work together to set up research centers and launch joint academic programs,” Dong said.

-Repubhub/China Daily

Capital hosts global gathering to explore paths for prosperity

May 15, 2017
Displayed with permission from China Daily

President Xi Jinping and his wife, Peng Liyuan, (center) have a group photo with delegates and guests before the welcome banquet for the Belt and Road Forum for International Cooperation at the Great Hall of the People in Beijing on Sunday. Wu Zhiyi / China Daily

Delegates and guests arrive at the welcome banquet held at the Great Hall of the People. Xu Jingxing / China Daily

A staff member displays commemorative stamps and envelopes at the China National Convention Center on Sunday. Zou Hong / China Daily

Media from home and abroad attend the opening ceremony of the Belt and Road Forum for International Cooperation at the China National Convention Center in Beijing on Sunday. Feng Yongbin / China Daily

German Minister for Economic Affairs and Energy Brigitte Zypries (center) attends the Plenary Session of High-Level Dialogue on the Belt and Road Forum for International Cooperation on Sunday. Zou Hong / China Daily

Yanqi Lake, 50 kilometers from downtown Beijing, surrounds the Beijing Huairou International Conference Center, one of the two main venues for the two-day forum that ends on Monday. Li Xin / Xinhua

– Image: Twitter

China bicycle industry boom

China’s bicycle manufacturing industry is expected to explode due to the bike-sharing industry boom.
According to the China Daily, the demand for bicycles has shot up to an estimated 20 million bikes due to the growing bike-sharing industry.

China has the largest bike-sharing services compared to other nations and the service allows commuters to escape traffic gridlock and use bikes for as little as ($0.15) per hour.

Bike-sharing commuters use a mobile application like Uber (taxi app) to unlock bicycles and drop them off at their destination for the next commuter.

Chinese government revealed in the newspaper that in the last few years nearly 30 bicycle brands have sprung up, placing more than 3 million bicycles on the streets across China.

Liu Xuequan, who heads the association of the bike industry in Tianjin said the new business has given a push to a group of traditional bike manufacturers in the country.

“When there were no bike-sharing services, we had peak and slack seasons in production. But now, we are busy all year round,” an executive of a bike manufacturing company Flying Pigeon Zhang Jinying told the daily newspaper.
A BigData Research report released recently estimated that the number of shared bicycle users would reach 50 million by the end of 2017.


Social network payments now reach nearly US$3 trillion in China

Payments on messaging and e-commerce platforms set to increase China’s GD by $236 billion by 2025, unlocking new economic opportunities for people and small businesses

A new UN study reveals that Alipay and WeChat Pay enabled US$2.9 trillion in Chinese digital payments in 2016, representing a 20-fold increase in the past four years. The data shows that digital payments, using existing platforms and networks, provide access to a wider range of digital financial services, expanding financial inclusion and economic opportunity throughout China and neighbouring countries.

The new report by the UN-based Better Than Cash Alliance, Social Networks, E-Commerce Platforms and the Growth of Digital Payment Ecosystems in China – What It Means for Other Countries, contains key lessons to help other countries include more people in the economy by transitioning from cash to digital payments. This shift could increase GDP across developing economies by 6% by 2025, adding US$3.7 trillion and 95 million jobs, according to a McKinsey Global Institute report.

“Social networks and e-commerce platforms are growing in every economy, whether large or small,” says Ruth Goodwin-Groen, Managing Director at the Better Than Cash Alliance. “In China, digital payments are thriving from these channels, bringing millions of people into the economy. This matters because we know that when people – especially women – gain access to financial services, they are able to save, build assets, weather financial shocks, and have a better chance to improve their lives.”

“Widening access to financial services has always been at the heart of Ant Financial’s mission and we are proud to
have empowered more people to save, invest and gain access to capital. There is a quiet revolution underway and we know, firsthand, that our services are making a real difference to hundreds of millions of consumers. But, as this groundbreaking UN report highlights, this revolution is only just beginning. We see tremendous potential
to bring many more people into the financial system, in China and markets around the world,” says Eric Jing, CEO of Ant Financial Services Group, which operates Alipay.

Key findings from the report:

· More people have opportunities to save and invest. Platforms such as Alibaba’s Yu’e bao make investing money into diverse sets of financial products more accessible for low-income populations. These products allows them to invest the money left on digital accounts, leading incrementally to long-term savings. From 2013 to 2016, Yu’e bao has grown to manage US$117 billion and is now serving over 152 million customers.

· Digital finance helps dramatically increase access to capital for small merchants. As of September 2016, a total of RMB 740 billion (US$107.3 billion) had been lent on the Alipay platform to over 4.11 million small and micro enterprises and entrepreneurs.

· Big data generated through these platforms helps to build credit-scoring history and boost access to credit, particularly for low-income financially-excluded populations. For example, Sesame Credit offers an alternative creditworthiness assessment by examining the credit history, financial behaviour, contractual capacity, identity, and social networks of users.

The study also found both Alipay and WeChat are expanding beyond China and investing in major fintech and payments providers. They are joined by other major communication platforms, utilising existing social networks and e-commerce platforms to drive digital payments and financial inclusion. The report found opportunities especially strong in countries with a high smartphone uptake and collaboration between the private and public sectors:

· In South Africa, 78% of all internet traffic takes place over mobile channels – one of the highest rates in the world. However, despite the continued growth of adoption rates, only 15% of South Africans reported making a purchase on a mobile phone in the preceding month when surveyed in 2016.

· In India, both Ant Financial and Tencent have bought into the Indian mobile payments market, which is enjoying rapid growth under new regulation. Ant Financial and Alibaba have invested up to $900 million in PayTM, as well as sharing staff and technical expertise. The result: PayTM has grown from 5 million to around 200 million users in just the last few years.

· Indonesia was the fastest-growing m-commerce market in the world in 2016, expanding 155% from January 2016 to January 2017. Some of this growth may be due to the release in 2015 of BBM Pay’s Instant Mobile Payments. The popular BBM chat app has over 55 million users in Indonesia and continues to develop.

· In South America, markets have the infrastructure necessary to build payment ecosystems similar to those seen in China. Fifty-nine percent of the South American population uses social media, and 52% connect with social media over their mobile phone. Yet the digital payments space remains fractured, and no payments provider has linked their service to these platforms in a significant way, or vice versa.

-Press Release issued by: United Nations Capital Development Fund

China launches first domestically-made aircraft carrier

Newly-built 50,000-tonne carrier demonstrates the growing technical sophistication of China’s defence industries.

China has launched its first domestically-made aircraft carrier, in a demonstration of the growing technical sophistication of its defence industries.

The 50,000-tonne carrier was towed from its dockyard on Wednesday morning following a ceremony in the northern port city of Dalian.

Development of the new carrier began in 2013 and construction commenced in late 2015. It is expected to be formally commissioned sometime before 2020, after sea trials and the arrival of its full air complement.

Reports of the launch said a bottle of champagne was broken across the ship’s bow and other craft in the port sounded their horns in celebration.

Like the 60,000-tonne Liaoning aircraft carrier, which was purchased from the Ukraine, the new carrier is based on the Soviet Kuznetsov class design, with a ski jump-style deck for taking off and a conventional oil-fuelled steam turbine power plant.

The design limits the weight of payloads its planes can carry, its speed and the amount of time it can spend at sea relative to US nuclear-powered carriers.

The main hull of the new carrier has been completed and its power supply put into place. Next up are mooring tests and the debugging of its electronic systems, the defence ministry said.

China is believed to be planning to build at least two – and possibly as many as four – additional carriers, with one of them – the Type 002 – reported to be already under construction at a shipyard outside Shanghai.

They are expected to be closer in size to the US Navy’s nuclear-powered 100,000-tonne Nimitz class ships, with flat flight decks and catapults to allow planes to launch with more bombs and fuel aboard.

China has offered little information about the roles it expects its carriers to play, although its planning appears to be evolving as it gains more experience.

The Liaoning was initially touted mainly as an experimental and training platform, but in December was declared to be combat-ready and has taken part in live-firing exercises in the South China Sea, where tensions have risen over China’s construction of man-made islands complete with airstrips and military structures.