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Weekly News Collection

| 2017-06-28
(Chinese Social Sciences Today)

BELT AND ROAD
Heilongjiang boosts cooperation with Northeast Asia
An international forum on June 15 proposed establishing Heilongjiang Province as a significant platform for cooperation between China and Northeast Asian countries. Jin Meihua, secretary-general of the Northeast Asia Studies Institute at the Jilin Provincial Academy of Social Sciences, said the “Belt and Road” initiative offers opportunities to remove obstacles to cooperation in Northeast Asia and construct a regional cooperation mechanism. Zhang Fenglin, deputy director of the Northeast Asia Institute at the Heilongjiang Provincial Academy of Social Sciences, said the construction of a China-Mongolia-Russia Economic Corridor and the Heilongjiang Land and Maritime Silk Road Economic Belt will tap the great potential of Heilongjiang’s economic and trade cooperation with Japan, South Korea and Mongolia. Zhang suggested strengthening cooperation in environmental, service and emerging industries while encouraging Japan and South Korea to invest in Heilongjiang’s processing industry.

 

URBANIZATION
Intelligent upgrading to enhance urbanization quality
At a forum in Shanghai on June 19, scholars discussed the concept of innovative, coordinated, green, open and shared development as well as city clusters and a green chain. Zhang Xueliang, a professor from Shanghai University of Finance and Economics, said caring for people and building city clusters are essential to enhancing urbanization quality. At present, technological improvement and innovation underscore the importance of industrial cooperation as well as transformation to service and intelligent upgrading. Xie Jiaping, another professor of the university, said a nationwide green industrial chain requires the upgrading of enterprises and the supply chain together with the optimization of the industrial structure. At the same time, enterprises should develop markets for services and transform traditional business models, Xie added.

 

FINANCE
New paradigm for regulating financial technology
The National Finance and Development Laboratory and the Social Sciences Academic Press released a blue book for financial regulation in Beijing on June 19. The report introduced the development and regulation of financial technologies as well as China’s financial regulation in 2016. According to the report, unlike “internet finance,” known as “financial technology 1.0,” “financial technology 2.0” is characterized by transboundary, disintermediation, decentralization and self-feedback. Hu Bin, deputy director of the laboratory and the Institute of Finance and Banking at the Chinese Academy of Social Sciences, said the existing regulatory framework may be ineffective at preventing and controlling risks brought by financial technologies, and a new paradigm is needed to strengthen regulation of financial technologies.

 

COMMUNICATION
Youth encouraged to help elders bridge digital gap
From June 17 to 18, experts and scholars at home and abroad discussed digital media and industrial innovation at a communication forum in Shenzhen. Zhou Yuqiong, a professor of communication at Shenzhen University, said new forms of media are emerging against the backdrop of an aging population, so the younger generation should play a bigger role in teaching the elderly to use new media as well as introduce them to popular culture and new values to bridge the digital gap. Zhong Bu, an assistant professor of communication at Pennsylvania State University, said big data research should adopt a multidisciplinary perspective and highlight the role of people in the process of communication.