1、NewsChina, Chinese EditionNewsChina， Chinese Edition March 21， 2016 Blood Shortage Since the end of 2015， hospitals in several populous Chinese provinces including Jiangsu， Anhui and Henan were found to be short of donated blood， with reserves below official warning levels. On October 1， 1998， China
2、 enacted its first Blood Donation Law， which specified that all blood earmarked for clinical use must come from unremunerated blood donation， an attempt to legislate the decades-old practice of bloodselling out of existence. People donated 4，400 tons of blood in China in 2014， up from 1，000 tons in
3、1998， but demand has far outstripped supply， with cultural superstition and inadequate awareness leading to a shortfall of donors. Demand has made illegal blood-selling highly profitable， and poorly enforced penalties further incentivize the practice. Experts argue that the solution to the blood sho
4、rtage lies in the improved management of hospital blood banks， better communication between institutions supplying donated blood and hospital administrators， and a major expansion of blood drives. Caijing February 22， 2016 Slashing Capacity In early 2016， the State Council， Chinas cabinet， issued tw
5、o consecutive directives designed to cut excessive capacity in the countrys coal and steel industries in response to downward economic pressure. The central government made reducing capacity a top priority in its 2016 work report. Starting from 2014， the market prices of steel， coal and oil have bee
6、n in free-fall， resulting in industry-wide losses in 2015 for these vast enterprises. According to the China National Coal Association， China uses four billion tons of coal annually， but production exceeds five billion. Industry sources also suggested that domestic consumption of crude steel peaked
7、at 764 million tons in 2013 before falling by 3.4 percent in 2014 and 5.5 percent in 2015. Controlling the exposure of debt-ridden enterprises， many of them State-owned； managing redundancies； and better integrating market forces with government subsidies are all challenges that economic planners ar
8、e struggling to address. Oriental Outlook March 3， 2016 Urban Innovation Alongside a national drive to transition to a more sustainable economic model， Chinas cities are attaching growing importance to innovation， with many municipal administrations jostling to have their jurisdictions named “innova
9、tion-oriented.” According to the 2015 Annual Report of Chinas City Innovation， of the 659 cities listed in terms of infrastructure and government support for innovators， capacity in high-tech industrial sectors and indigenous brand innovation， coastal cities in eastern China continue to lead the pac
10、k， though Beijing， Shanghai and Shenzhen occupy the top three rankings. In 2013， innovation expenditure in Shanghai and the eastern provinces of Jiangsu and Zhejiang hit 308 billion yuan （US$47.3bn） ， accounting for 26 percent of the national total. The governments report advises cities to give “ful
11、l play” to their own advantages. Industrial upgrading， however， remains most Chinese cities best bet at being viewed as centers of innovation. China Economic Weekly February 29， 2016 Murky Waters During a seminar on the development of the Yangtze River Economic Belt on January 5， Chinese President X
12、i Jinping emphasized that the central government will make environmental protection a priority in the development strategy for Chinas largest waterway. The Yangtze River is around 6，300 kilometers long， has a surface area of 2.05 million square kilometers， and flows through 11 provinces and cities t
13、hat are collectively home to 40 percent of Chinas population and a similar percentage of the countrys total economic output. Environmental conditions along the river， however， are rapidly degrading， even as local economic growth gathers pace. Large-scale water management projects， a shipping boom， i
14、ndustrial runoff and domestic sewage are devastating ecosystems along the rivers entire length. Water management experts warned that eliminating administrative barriers at the provincial level will be crucial to ensure the coordinated and sustainable development of the Yangtze River Economic Belt. C
15、hina Financial Weekly February 15， 2016 Online Financing Over the years， Internet financing has grown in popularity in China， with supporters claiming the availability of loans online has boosted innovation and increased opportunities for entrepreneurs prevented from obtaining loans from State banks
16、. However， concerns over financial security and data protection， sparked by inadequate regulation and supervision of this emerging sector， have also cropped up. The China Internet Banking Association， which operates under the jurisdiction of the Peoples Bank of China， was officially established on M
17、arch 25， to strengthen regulation and impose “self-discipline”on the online banking sector. An independent Internet financial supervision framework is now anticipated， a response to the organic and evolving nature of online financing， which often finds ways to bypass conventional forms of regulation.
