LENOVO FOUNDER RETIRES

LENOVO FOUNDER RETIRES

Liu Chuanzhi， the 75-year-old founder of the worlds largest personal computer （PC） vendor by unit sales， stepped down as chairman of Legend Holdings on December 18.

Legend Holdings， the parent company of Lenovo Group， said in an official announcement that Ning Min， the companys chief financial officer， will become the new chairman.

Born in Zhenjiang， Jiangsu Province in east China， in 1944， Liu was one of the pioneering Chinese entrepreneurs who ventured to start businesses in the 1980s. Liu and several fellow scientists from the Chinese Academy of Sciences founded Lenovo in 1984. After its acquisition of IBMs PC business in 2004， the company thrived and became the worlds largest PC seller.

Liu also successfully led Lenovos shareholding reform in 2001， which turned the company from state-owned to private-owned， a pioneering endeavor that had a major impact on Chinese industry.

In 2011， Liu stepped down from Lenovo Group and focused on the activities of Legend Holdings.

New Cultural Parks

Peoples Daily December 16

Cultural resources related to the Great Wall， the Beijing-Hangzhou Grand Canal and the Long March will get better display， protection and utilization with a new plan to construct national culture parks for all three by 2023. It was issued by the general offices of the Communist Party of China （CPC） Central Committee and the State Council.

The Grand Canal， the longest artificial river in the world， runs nearly 1，800 km to connect the Yangtze and Yellow rivers. The project was listed as a UNESCO World Heritage Site in 2014. The Great Wall and the Grand Canal are both time-defying creations of the ancient Chinese.

The Long March was a military maneuver by the Red Army under the CPC to combat the Kuomintang regime. It was a heroic march that covered over 12，500 km including snowcapped peaks from October 1934 to October 1936.

The move to build national cultural parks is part of Chinas efforts to use its rich cultural artifacts and other cultural resources to spread both traditional and revolutionary culture. The spread and protection of culture is a global issue. The national cultural parks will provide a solution for cultural heritage protection and cultural inheritance in the world.

The plan emphasizes the need to properly handle the relationship between protection and utilization. While carrying out renovation， over-commercialization should be avoided. It also requires coordination between different regions as a number of provinces， autonomous regions and municipalities will be involved in the construction.

5G Challenges

Outlook Weekly December 16

Since four domestic companies were granted 5G licenses for commercial use in June， 5G infrastructure construction has made major breakthroughs in many cities and regions across the country.

However， there are still many roadblocks for the development of 5G. The coverage is small as the cost of building 5G networks is many times that of building 4G networks. Therefore its unrealistic to solely rely on telecom operators for investment as the profit model for 5G hasnt been worked out.

Also as its hard to find sites for 5G base stations owing to reasons including high rents， different telecom operators need to coordinate with each other in building such infrastructures. However， in reality， telecom operators are building these infrastructures independently. For instance， in Hubei Province in central China， China Mobile， China Unicom and China Telecom are all building their own 5G infrastructures.

Moreover， the success of 5G depends on innovation in mobile applications. Applications can extend the industrial chain of 5G and help create new profit models. For instance， 5G can be applied to artificial intelligence to build new growth drivers for a digital economy and an intelligent society where things are interconnected.

Experts also suggest developing live streaming of sports competitions， variety shows and performances by using 5G and video reality technologies to enhance users 5G experience.

Gaming Disorder in Adults

Beijing Youth Daily December 13

It has been over half a year since the World Health Organization （WHO） listed gaming disorder as a behavioral addiction in its latest edition of International Classification of Diseases. The Beijing Anding Hospital of Capital Medical University， a leading hospital for mental illness， has set up an outpatient department for people with video and online gaming addiction. To the surprise of doctors， teenagers are not the majority of game addicts. Adults account for half of the patients.

The doctors have been finding that gaming disorder is far more complicated than imagined. It can be caused by setbacks in real life and may be related to other illnesses.

According to the WHO definition， people suffering a gaming disorder are so addicted to video and online games that they lose interest in other hobbies or daily activities. As a matter of fact， people who spend a lot of time watching short videos or other forms of entertainment also have a disorder in a certain sense.

Adolescents gaming addiction has received widespread attention. Many schools have prohibited students from taking mobile phones to school， while parents try to keep their children away from phones. However， adults addiction to games and other kinds of online entertainment has not been paid enough attention.

If people indulge in video games and other means of entertainment， they are bound to spend less time on their work or social life. Also， if adults themselves become addicted， minors are bound to be affected.

INNER MONGOLIA AUTONOMOUS REGION VICE CHAIRMAN APPOINTED

Huang Zhiqiang was appointed vice chairman of Inner Mongolia Autonomous Region in north China on December 17.

Huang left his post as vice general manager of the CITIC Group， a Fortune 500 state-owned enterprise with businesses in finance， resources， energy and real estate.

Born in 1970 in Changshu， Jiangsu Province in east China， Huang holds a masters degree in business management from Tsinghua University. He worked for the Bank of China and assumed multiple important posts such as vice president of the banks provincial branch in Zhejiang Province in east China and president of the provincial branch in Liaoning Province， northeast China.

In 2015， Huang became vice general manager of the China Export and Credit Insurance Corp.， Chinas only policy-oriented insurer specializing in export credit insurance. He switched to the CITIC Group in July.

“The agreement is measured and balanced， carefully negotiated to achieve some specific objectives now and to prepare the way for continuing agreement on harder issues in the future.”

Robert Kuhn， Chairman of the Kuhn Foundation， commenting on the phase-one economic and trade deal announced by China and the United States on December 13

“Singapore attaches great importance to traditional Chinese medicine （TCM） development， and acupuncture has been introduced into public hospitals for rehabilitative therapies.”

Lui Tuck Yew， Singaporean Ambassador to China， at a forum on TCM development in Beijing on December 18

“These （Chinese） consumers remain confident and will collectively represent an economic powerhouse for the foreseeable future.”

Daniel Zipser， a senior partner at McKinsey & Companys Shenzhen office， commenting on a recently released report by the consulting firm on Chinas consumption potential

“Pork prices will not cause any further inflation in the first half of next year if the government continues to release pork reserves， enhances matchmaking between sales and production in global markets， and discloses market information in a timely manner.”

Li Guoxiang， a researcher at the Rural Development Institute of the Beijing-based Chinese Academy of Social Sciences， on December 16