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News from China
Schneider Electric to hire another 2,300 professionals in China
23rd March 2018

 France-based industrial group Schneider Electric plans to hire another 2,300 professionals in China this year, up from 2,000 last year in a move to enrich its talent pool in digital, healthcare and smart building areas.

 
The plan is to bolster the group's digital transformation in all of its business sectors, especially healthcare and smart building.
 
"We need a new generation of professionals who have a mindset of digitalization,” said Olivier Blum,the group's chief human resources officer and executive vice president. 
 
He mentioned the group’s Chinese employees are five to six years younger than those in Europe and North America on average, thanks to larger talent pools and faster digital development in this country.
 
China has been Schneider Electric’s "fastest growing market” where Schneider Electric will both expand recruitment and promote more local employees to enhance Chinese employees’ voice in line with the region’s importance, Blum said.
Source: Shanghai Daily, March 23, 2018
No winner in China-US trade war: Premier Li
20th March 2018

 There will be no winner in a trade war should one happen between China and the United States, Premier Li Keqiang said at a press conference after the conclusion of the annual legislative session.

 
A trade "war" would go against the principles of trade -- negotiation, consultation and dialogue, according to Li.
 
China hopes both sides act rationally rather than emotionally, he said.
 
Last year, China-US trade reached about US$580 billion. Such a substantial trade volume could not have been achieved without business rules and market principles, he said.
 
"A large trade deficit is not something [that] we want to see," said Li. "What we want is balanced trade, otherwise bilateral trade would not be sustainable."
 
China is going to further open services and manufacturing, which Li believes will create opportunities for the United States.
 
Li hoped that the United States will also ease its restrictions on the export of its high-tech and high value-added goods to China.
 
He added that intellectual property rights will be protected in a strict way.
 
As the world's largest developing and developed countries, China and the United States are highly complementary in economy, and a stable China-US relationship is in the interests of both countries and the whole world, he said.
 
China will remain a responsible and long-term investor globally, Li said. "It is unnecessary to worry about China's development."
Source: Shanghai Daily,March 20, 2018
Famous educator remembered on birth centenary
19th March 2018

 A MEMORIAL ceremony was held in Shanghai yesterday to remember Nan Huai-Chin, a cultural master and educator who spent his life promoting traditional Chinese culture.

 
Over 300 people, including family member, friends and students of Nan, attended the ceremony to mark his 100th birthday at the Hengnan Academy in Pudong. The academy was built in 2006 to promote Chinese culture in the city.
 
Nan spent a lifetime promoting Confucianism, Buddhism and Taoism by writing over 30 books, which have been translated into eight languages.
 
“Master Nan’s major contribution is to let Chinese people know how great their own culture is,” said Pia Giammasi, a US translator living in Taiwan. “He worked to prevent some of China’s ancient cultures from becoming extinct and promote these old wisdoms worldwide,” she said.
 
Dhammachari Lokamitra, a scholar on Buddhism in India, said, “I’ve read some of Nan’s books in English and I think they are very relevant to the modern world, not just in China. His understanding and engagement to the modern world has enormous significance.”
 
The academy is exhibiting Nan’s calligraphy and other works. Over 130 calligraphy works, couplets and letters are on display. A bronze statue of Nan was also unveiled.
 
Nan’s first book, The Sea of Zen, was published in 1955.
 
“Nan’s works attracted a large number of Chinese youngsters,” said Lou Yulie, a professor with the Institute of Chinese Studies at Peking University.
 
He mediated in cross-Strait relationship in the late 1980s and early 1990s. In 1992, Nan raised investment for the Jinhua-Wenzhou Railway, the first joint-stock railway in China.
 
He died of pneumonia at the age of 94 in September 2012.
 
Source: Shine, March 19,2018
Chinese Interpol red notice fugitive jailed for corruption
16th March 2018

 

 
A court in east China's Zhejiang Province sentenced a fugitive to seven years in prison for corruption on Thursday.
 
The fugitive Chen Suiyuan, 52, was accused of embezzling foreign exchange worth 2.43 million yuan (US$380,000) between November 2005 and April 2006 when she worked at the Agricultural Bank of China in Wencheng County, according to the people's court of Wencheng,
 
She fled to Vietnam with her husband in April 2006, and later lived in Thailand and Myanmar.
 
Chen was listed on an Interpol Red Notice in October 2016.
 
In July 2015, her husband returned to China to turn himself in. But Chen refused to do so until her arrest in November.
 
Chen was also fined 500,000 yuan and the court ordered her to turn in her illegal gains.
 
Chen's hearing was held in early March and the ruling was announced Thursday.
Source: Shanghai Daily, March 16, 2018

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