NEW IMF DEPUTY MANAGING DIRECTOR

Zhang Tao， Vice Governor of the Peoples Bank of China （PBOC）， has been recommended to serve as the next deputy managing director of the International Monetary Fund （IMF）， effective from August 22， the organizations Managing Director， Christine Lagarde， has recently announced. Zhang will replace Zhu Min， also from China， who will retire this month.

Zhang took up his current post at the PBOC， Chinas central bank， in May. Prior to the promotion， he was head of the banks Department of Treaty and Law. Zhang holds bachelors and masters degrees from the prestigious Tsinghua University and a PhD in international economics from the University of California， Santa Cruz.

An expert in macroeconomics and financial policy， he served as executive director for China at the IMF from 2011 to 2015. He also worked as an economist at the World Bank in 1995-97 and at the Asian Development Bank in 1997-2004.

Regulating Webcasting

Qianjiang Evening News July 8

The Ministry of Culture is taking steps to supervise the thriving webcasting market. In early July， it issued a notice vowing to put live online performances under closer scrutiny by carrying out regular spot checks.

Over the past year or so， webcasting has gained traction in China. However， some have used such means to stage sensational performances or to wear revealing clothing to attract views. For instance， two men in Shandong Province dressed themselves up as clowns and broadcast themselves running after people with knives in their hands， making local residents believe that they were committing homicide. Such unethical prac- tices have triggered a public outcry.

Live webcasting is intended to enable the audience to experience something they have never seen before in person， such as art exhibitions. As the video footage is often unedited， it shows a more truthful side of reality. This is where the charm of online broadcasting lies and also among the reasons for its explosive growth.

However， webcasters should be responsible when deciding what will be shown. The practice shouldnt go against the law or cause harm to society. Live-streaming platforms should also tighten supervision over their users in order to prevent illegal practices.

The notice published by the Ministry of Culture represents the governments strengthened oversight of the industry. Only when being subject to strict rules can online broadcasting enjoy healthy development.

Water Resource Scramble

Oriental Outlook June 30

The nine provinces and autonomous regions in northern China that run alongside the Yellow River have been engaged in a heated battle for a larger share of the water resources provided by the river.

A discrepancy between the rivers water supply and the demand of the regions along the river has become increasingly serious. Since the late 1990s， the water demand along the Yellow River has increased by 4 billion cubic meters. In contrast， the runoff volume of the river has shrunk from 58 billion cubic meters 20 years ago to 53.5 billion cubic meters at present. The regions have to hold a meeting every year to distribute water resources.

Water is a crucial natural resource. Without water， areas along the Yellow River wouldnt be able to develop their economy and eliminate local poverty. Some regions have pinned their hope on the western route of the South-to-North Water Diversion Project. However， this route， meant to channel water from the upper reaches of the Yangtze River to the upper reaches of the Yellow River to address water scarcities in northwest China， has been shelved for certain reasons.

One possible solution may be to restrict the construction of new industrial projects in places with inadequate water resources. The Ministry of Water Resources and the National Development and Reform Commission are drafting a set of guidelines stipulating that new industrial parks or bases will not be approved in areas where water resources are insufficient.

Upgrading the Bicycle Industry

Economic Daily July 8

Premier Li Keqiang urged the domestic bicycle industry to come up with new products and services catering to the customized demands of individuals while visiting an experience shop of Flying Pigeon， a Tianjin-based bike company， recently. He rode a smart bike equipped with functions such as music display， communication as well as health data monitoring. Flying Pigeon produced Chinas first bike in 1936.

Bicycles used to be important tools for transportation in China. Now， however， traditional bicycles are losing their appeal and being replaced by automobiles and electric bikes. Without innovation and transformation， the bicycle industry will have difficulty surviving.

The low-carbon and environmentally friendly lifestyle which has become increasingly popular presents opportunities for the industry. The large population in China has also provided it with a huge market and great potential. The bicycle industry should try to promote its products by spreading the concept of a low-carbon lifestyle and cycling culture.

The industry should stimulate demand through the improvement of product quality and technological innovation. The spirit of craftsmanship advocated by Premier Li should also be observed. Meanwhile， product categories should be more diverse and more famous brands should be cultivated.

EX-GENERAL PROBED FOR CORRUPTION

Tian Xiusi， 66， a former general of the Peoples Liberation Army （PLA）， has been placed under investigation on suspicion of serious violations of discipline.

A military anti-graft department is looking into his case and will investigate suspected violations of Party regulations. His wife and secretary are also under investigation.

Tian joined the military service in northwest Chinas Xinjiang Uygur Autonomous Region in 1968. He worked his way up to political commissar of the Xinjiang Military Area Command in 2004. Subsequently， Tian worked as political commissar of the Chengdu Military Area Command and as political commissar of the PLA Air Force. After retiring from the military in 2015， he served as deputy head of the Foreign Affairs Committee of the National Peoples Congress， Chinas top legislature.

Tian is one of the most senior military officials to be investigated under the ongoing anti-corruption campaign since 2012.

“Overcapacity in the port industry is a headache that we must deal with during the 2016-20 period.”

Wang Shouyang， Director of the Center for Forecasting Science at the Chinese Academy of Sciences， cautioning against redundant port construction in China following the release of the centers annual forecast on the worlds top 20 container ports on July 12

“The memorandum of understanding between Dubai South and Huawei will see the deployment of Huaweis smart-city and safe-city solutions to provide enhanced services to residents and businesses in the park.”

Colin Hu， Managing Director of Huawei Enterprise， speaking on July 12 about the signing of a memo on introducing the Chinese technology giants services to the Dubai South Business Park Free Zone

“China firmly opposes the deployment of the Terminal High Altitude Area Defense （THAAD） system in the Republic of Korea （ROK） and strongly urges the United States and the ROK to halt the process.”

Foreign Ministry spokesman Lu Kang， in response to plans to deploy the U.S. anti-missile defense system in the ROKs southeastern region， at a press conference on July 13

“It is the most significant achievement in Tibetan cultural history and it meets the pressing needs of scholars as well as the common people.”

Thubten Nyima Rinpoche， a renowned Tibetan scholar， speaking on the recent publishing of a new 2，100-year Tibetan calendar book， compiled by more than 40 experts based on the centuries-old Tibetan method of calculating years