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ered on consensus, social harmony, stability and discipline, are more important and rel
evant than ever in the face of challenges－such as protectionism and terrorism－confronting the world today.
Joefe Santarita, dean of the Asian Center at the University of the Philippines, said Asian values promote consensual approach and communitari
anism rather than individualism, and they prioritize social order and harmony as well as respect for elders, discipline and a pate
rnalistic state along with the primary role of government in economic development.
“Asian values are the salient ingredients on how to learn to work tog
ether through trust and consequently promote globalization,” Santarita told China Da
ily. He cited China’s guanxi, a cultural concept that stresses deep personal connections and maintaining relations.
“Guanxi is a clear manifestation of a success story of a cultural element that is aptly applied
in the business sector. Trust is a fundamental element for Chinese businessmen who have engaged in com
mercial partnerships and international trading systems for centuries,” he said.
eituan Dianping, China’s leading on-demand online service provider, is the youngest among China’s 10 most powerful businesspeople, according to the list.
Dong Mingzhu, chairwoman of Gree Electric Appliances, a major home appliances maker
based in Zhuhai, Guangdong province, is the only woman entrepreneur on the top 10 ranking, placing seventh.
Xu Jiayin (Hui Ka Yan), chairman of China’s property developer Evergrande Gro
up, and Lei Jun, founder of smartphone maker Xiaomi Group, also made the top 10.
The China Consumers Association said Wednesday that financial servi
ces in automobile sales should be clearly priced and forced transactions eliminated.
The association held a discussion Wednesday morning on the issues of fina
ncial service fees in automobile sales and car buyers’ difficulties defending their rights.
The discussion concluded that car dealers fabricate required ite
ms to increase consumers’ payments and fail to provide receipts or other certificates.
When disputes over quality arise, consumers often experience difficulties negotiating with dealers or lodging complaints.
Firm likely to be largest smartphone vendor in the world by end of this year
Huawei Technologies Co said on Thursday that it aims to grow the revenue of its consumer business group, which chiefly includes
smartphones and personal computers, to $100 billion in three years and to $150 billion in five years.
The announcement came after the company’s consumer busin
ess group posted $52.5 billion in revenue last year, up 45 percent year-on-year. Th
at also marked Huawei achieving the target of $50 billion two years ahead of schedule.
Yu Chengdong, CEO of Huawei’s consumer business group, said five years later, smartphone
s will account for about two-thirds of its $150 billion revenue goal, and computers, smartwatches as well as oth
er internet of things devices are likely to account for about one-third or 40 percent of its CBG revenue.
According to Yu, Huawei is likely to become the largest smartphone vendor by the end of this year at the earliest, althoug
h its products are not available in the United States and South Korea due to “nonmarket factors”.
dumping of solid waste, especially hazardous waste, along the Yangtze River, will be continued, he said.
Wang, of the NPC committee, also called for more government support to encourage in
vestment from both State-owned and private companies into the hazardous waste treatment sector.
Facilities for hazardous waste disposal should be mandatory at all ind
ustrial parks. And while they should be included into planning for new parks, the constr
uction of such facilities should begin as soon as possible in parks with inadequate facilities, he suggested. Land should b
e set aside so that it could be used to increase processing capacity to meet potential demand, Wang said.
He also suggested making the disclosure of information about hazardous waste mandated by law i
n order to facilitate public supervision. The latest technological innovations such as big data, unm
anned aerial vehicles and remote monitoring should be adopted to tighten supervisory efficiency.