Chinese enterprises' overseas acquisitions have witnessed a remarkable increase during the past several years, especially after the 2008 financial crisis. Many Chinese enterprises are acquiring high quality European and US companies and assets to enhance market position and core competence such as technology, brands, and distributions network. Technology, media, telecommunication, automobile and transportation, and financial services are the main target industries.
I remember that on the first anniversary of China Daily, on June 1, 1982, the paper's Opinion Page carried a short letter from Willbur Schramm, the then director-emeritus of the Institute of Communication Research, Stanford University; and the East-West Communication Institute, East-West Center, in Hawaii.
When premier Zhou Enlai died in January 1976, Dong Jiyuan took her nine-inch television set to an ivory-carving factory in Beijing where she worked and watched the funeral with dozens of workmates.
Becoming famous overnight in China is not a dream anymore. When China Daily photo editor Bruno Maestrini learned that a young American wished to be famous in China on the Facebook page "Praying for Dorian", dozens of colleagues jumped to help this little warrior who had been fighting cancer for four years.
China Daily now has more than 38 million social media readers, and with those numbers comes more pressure to be first with the news, but also a greater duty to be vigilant about the way we execute our journalistic mission.
In just 30 years studying abroad has become commonplace for Chinese
With thousands of Chinese students planning to study at foreign universities this year, the one big question is: are they sufficiently prepared? The answer is probably not.
I didn't realize until recently that a third of my young colleagues are haigui (students returned from overseas). I found that most had their expenses covered by their parents. Annual spending? Between $40,000 and $100,000.
'If China keeps adding 6,000 new screens each year, in five to eight years China's film industry will reach 150-200 billion yuan in box-office revenue," says Yu Dong, founder and president of Bona Pictures, one of the country's major film studios.
My initial involvement with China's film industry was in 2001 when I started a serious endeavor to review new releases. Since then my relationship with the booming business has been tangential at the most accurate, offering me a ringside seat that combines the perspectives of the appreciative cheerleader and the cool-headed observer.
The recent release of Song of the Phoenix, a long delayed art movie, in mainstream theaters in China has turned into a phenomenal social event. It is a two-year-old swan song by the late film director Wu Tianming, dubbed the Godfather of the Fifth Generation by the Chinese press.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
