Tag Archives: MLM

FTAG Group Acquires Stake in Live Streaming Startup BeLive Technology

SINGAPORE, June 25, 2021 — FTAG Group announced today that it has acquired a significant stake in Singapore-based live streaming startup BeLive Technology. The strategic move, made via the company’s investment arm FTAG Ventures, will enhance FTAG’s own media capabilities while expanding its technology portfolio. It also makes them one of BeLive’s largest backers alongside Singapore’s national broadcasting network Mediacorp.

"The e-commerce space is huge, with e-commerce sales worldwide reaching USD4.3 trillion in 2020. The pandemic has shown us that in the new normal, e-commerce and home-based entertainment will continue to dominate global consumption," FTAG Group Chairman Kelvin Chng commented. "We see tremendous potential in this space and live shopping is the next most exciting development from here."

BeLive offers powerful live streaming solutions that boast advanced interactive features and viewer data analytics which greatly enhance the user’s experience, especially during live shopping. BeLive has been a key player in the live streaming industry since 2014, with offices in Singapore, Vietnam, and China. Key clients such as Samsung, Rakuten, Square Enix, L’Oréal Paris, and more recently, one of Indonesia’s top e-commerce marketplace Bukalapak, is testament that BeLive is at the forefront of innovation.

Meanwhile, FTAG is set to push on with further strategic acquisitions during a time when most companies are unwilling to take on risks. The firm is also currently planning a SPAC (Special Purpose Acquisition Company) deal targeting technology firms in the Asia Pacific region.

About FTAG Group

Founded in 2013, FTAG Group is headquartered in Singapore and seeks to drive business innovations and revolutionise financial services with technology. With business interests spanning multiple sectors, including financial services, technology, and education, FTAG is committed to developing key technology and infrastructure that will transform our digital daily lives.

Meten EdtechX Maintains the No. 2 Language Training Service Sales During China’s 618 Shopping Festival on Tmall.com

SHENZHEN, China, June 25, 2021 — Meten EdtechX Education Group Ltd. (Nasdaq: METX) ("Meten EdtechX" or the "Company"), one of the leading omnichannel English language training ("ELT") service providers in China, today announced that its online ELT platform, "Likeshuo," maintained the No.2 language training sales[1] among all language training service providers who participated China’s 618 Shopping Festival on Tmall.com. Likeshuo generated over RMB 10 million in gross billings during China’s 618 Shopping Festival from June 1 to June 20, 2021.

Meten EdtechX launched its online ELT platform, Likeshuo, in 2015 and integrated high-quality online teaching in small-class settings and immersive teaching by foreign teachers from native English-speaking countries. Likeshuo has also successively covered Japanese and other minority language training markets.

[1] Ranking based on gross billings from June 1 to June 20, 2021 on Tmall.com.

About Meten EdtechX

Meten EdtechX is one of the leading ELT service providers in China, delivering English language and skills training for Chinese students and professionals. Through a sophisticated digital platform and a nationwide network of learning centers, the Company provides its services under three industry-leading brands: Meten (adult and junior ELT services), ABC (primarily junior ELT services), and Likeshuo (online ELT). The Company offers superior teaching quality and student satisfaction, served by cutting-edge technology deployed across its business, including AI-driven centralized teaching and management systems that record and analyze learning processes in real time.

The Company is committed to improving the overall English language competence of the Chinese population to keep abreast of the rapid development of globalization. Its experienced management is focused on further developing its digital platform and expanding its network of learning centers to deliver a continually evolving service offerings to a growing number of students across China.

For more information, please visit: https://investor.metenedu-edtechx.com.

Safe Harbor Statement

This announcement contains forward-looking statements that involve risks and uncertainties. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the impact of the COVID-19 outbreak, our ability to attract students without a significant decrease in course fees; our ability to continue to hire, train and retain qualified teachers; our ability to maintain and enhance our brands; our ability to effectively and efficiently manage the expansion of our school network and successfully execute our growth strategy; the outcome of ongoing, or any future, litigation or arbitration, including those relating to copyright and other intellectual property rights; competition in the English language training sector in China; changes in our revenues and certain cost or expense items as a percentage of our revenues; the expected growth of the Chinese English language training and private education market; Chinese governmental policies relating to private educational services and providers of such services; health epidemics and other outbreaks in China; and general economic conditions in China. Further information regarding these and other risks is included in our annual report on Form 20-F and other documents filed with the Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no duty to update such information, except as required under applicable law.

For investor and media inquiries, please contact:

Ascent Investor Relations LLC
Tina Xiao
+1 917-609-0333
tina.xiao@ascent-ir.com

Color Star Technology Co., Ltd. (NASDAQ: CSCW) Stock Added to Russell Microcap® Index

NEW YORK, June 25, 2021 –Color Star Technology Co., Ltd. (NASDAQ: CSCW) (hereinafter referred to as "Color Star" or the "Company") announces that it will be added to the Russell Microcap® Index at the close of trading today, June 25th, 2021.

Basil Wilson, the CEO of Color Star, commented: "We are very pleased that Color Star is being added to the Russell Microcap® Index. Our inclusion in the index is testament to the Company’s growth potential. This is an important milestone that we believe will increase the overall reputation and visibility of Color Star within the global investment community while broadening the Company’s institutional shareholder base and increasing its liquidity."

Indexes benchmarked by the FTSE Russell, the world’s leading index provider, are extensively used by investment managers and institutional investors for index funds; it serves as a tool to assess active investment strategies. Approximately $9 trillion of assets are benchmarked against the Russell U.S. Indexes.

Membership of the well-known Russell Indexes® comes with numerous benefits, including the automatic insertion into the appropriate growth and value style indexes. This inclusion remains in place for one year. FTSE Russell traditionally determines the membership of its Russell Indexes® by objective, market-capitalization rankings and considers style attributes.

About Color Star Technology

Color Star Technology Co, Ltd. (Nasdaq CM: CSCW) is an entertainment and education company that provides online entertainment performances and online music education services. Its business operations are conducted through its wholly-owned subsidiaries Color China Entertainment Ltd. And CACM Group NY, Inc. The Company’s online education is provided through its Color World music and entertainment education platform. More information about the Company can be found at www.colorstarinternational.com

Forward-Looking Statement

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may," "will," "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements.  Forward-looking statements are not guarantee of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following:  the Company’s goals and strategies; the Company’s future business development; product and service demand and acceptance; changes in technology; economic conditions; the growth of the educational and training services market in China and other countries where CSCW conducts its business; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the Securities and Exchange Commission.  For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof unless required by applicable laws, regulations or rules.

For more information, please contact:

William Tu
Skyline Corporate Communications Group, LLC
One Rockefeller Plaza, 11th Floor
New York, NY 10020
Office: (646) 893-5835
Email: wtu@skylineccg.com 

BLS International partners with Knowledge Catalyst to issue Digital Health Certificates

This partnership aims to provide passengers a seamless cross-border travel experience with a reliable digital health certificate

SINGAPORE, June 24, 2021 — BSE and NSE listed (BSE: 540073; NSE: BLS), BLS International, a trusted global tech-enabled services partner for governments and citizens, announced today that it has entered into a partnership agreement with a Singapore-based company, Knowledge Catalyst to provide Digital Health Certificates also known as HealthCerts, for passengers travelling to and from Singapore.

Effective immediately, BLS will start issuing HealthCerts in Singapore. HealthCerts is a set of digital standards and schema for issuing digital COVID-19 Pre-Departure Test (PDT) results certificates that are in line with international standards and the Singapore Government’s requirements. The HealthCerts schema was developed in collaboration with the Government Technology Agency (GovTech) and Ministry of Health (MOH) of Singapore. Further, these HealthCerts are tamper-proof and traceable. Currently, they are issued directly to travellers in the form of a QR code, and can be downloaded onto their mobile devices. These QR codes will enable authorities to easily verify that the PDT results have been issued by accredited healthcare institutions and allow them to confirm the authenticity of the certificates before granting border access.

With the ongoing ease in travel restrictions, there has been resumption of global travel. Keeping the wellbeing and safety of travellers as well as citizens in mind, many countries are allowing visitors’ entry with verified health certificates. Such solutions are welcoming as it provides a seamless verification process for both travellers and authorities.

Commenting on the partnership, Mr. Shikhar Aggarwal, Joint Managing Director, BLS International, said, "There is an immense need for such initiatives for the comfort of travellers and authorities to facilitate ease in travelling as countries are opening their borders. We are excited about this partnership with Knowledge Catalyst to provide a seamless cross-border travel experience with reliable digital health certificates. Since both inbound and outbound travellers in Singapore are required to have health certificates, BLS has begun the project focusing on inbound travellers to Singapore and outbound travellers traveling from Singapore to Spain, Italy and India, our existing client governments in Singapore."

Mr Rudy J. Rahardjo, CEO of Knowledge Catalyst, expressed, "Being at the forefront of such technology has allowed Knowledge Catalyst to build global partnerships with key stakeholders around the world. We are excited to be partnering with BLS international to facilitate travellers travelling to and from Singapore in meeting safe travel requirements."

About BLS International

BLS International Services Ltd. a trusted global tech-enabled services partner for governments and citizens, having an impeccable reputation for setting benchmarks in the domain of visa, passport, consular, citizen, e-governance, attestation, biometric, e-visa and retail services since 2005. The company is recognized as ‘Best under a Billion’ company" by Forbes Asia and ranked amongst Fortune India’s Next 500 companies.

The company works with over 46 client governments including Diplomatic Missions, Embassies & Consulates and leverages technology and processes that ensure data security. The Company now has an extensive network of more than 12,000 centres globally with a robust strength of over 15,000 employees and associates that provides consular, biometrics and citizen services. BLS has processed over 52 million applications till date globally.

BLS International adheres to ISO 9001:2015 certified for Quality Management Systems; ISO 27001:2013 certified for Information Security Management Systems; ISO 14001:2015 certified for Environmental Management Systems; ISO/ IEC 45001:2018 certified for Occupational Safety and Health; ISO / IEC 20000-1:2011 certified for IT Service Management; ISO 26000:2010 certified for Social Responsibility; ISO 23026:2015 certified for System Engineering and Management Requirements; ISO/IEC 28000:2017 certified for Supply Chain Management System; ISO/IEC  27002: 2013 certified for Management of Information Security; ISO 31000: 2018 certified for Risk Management; ISO 27001:2013 certified for Risk Management of Information.

BLS International is the only listed company in this domain with operations in 66 countries.

BSE: 540073; NSE: BLS; MSE: BLS. Website: www.blsinternational.com

About Knowledge Catalyst

Knowledge Catalyst is a technology company headquartered in Singapore, that specialises in harnessing the blockchain technology to create opportunities and value-add stakeholders within industries. Apart from their solution for the health and travel ecosystem, the company also deploy solutions in the education and talent ecosystem to address the widening gaps of equitable learning and the future of work. Founded in 2018, Knowledge Catalyst has issued over 13,000 credentials to over 300 organizations across Asia.

Website: www.knowledgecatalyst.io

For Further information, please contact:

BLS International

Vaishali Sharma
Global Head – Corporate Communications
Email:
vaishali.s@blsinternational.net
Telephone: +91 11 43750006

Knowledge Catalyst

Keller Goh
Chief Operation Officer
Email:
keller@knowledgecatalyst.io
Telephone: +65 6966 2301

CEO of Kuaishou Su Hua: Kuaishou reaches 1 billion global monthly active users

BEIJING, June 24, 2021 — China Media Group (CMG) and Kuaishou held a joint press conference officially announcing a short video strategic partnership on Tokyo 2020 Olympics Games and the Beijing 2022 Winter Olympics. Kuaishou now holds the official broadcasting rights for Tokyo 2020 Olympics and Beijing 2022 Winter Olympics. Kuaishou is the first short video and live-streaming platform globally to become an official broadcaster of the Olympics Games.

Su Hua, CEO of Kuaishou Technology, emphasised at the conference that Kuaishou remains true to its beginning aspirations of recording and sharing life stories. He also notes that it’s an honor for Kuaishou to be able to document and enjoy the Olympic Games with all users. As a pioneer since 2011,  Kuaishou has provided internet users globally the opportunity to record and share their life stories. The platform witnessed the growth and development of various aspects of society and gradually became a base for modern day social media platforms. Presently Kuaishou has 1 billion monthly active users from all around the globe. People from different countries of varying ages and diverse lifestyles get to interact with and learn from each other. Kuaishou was chosen as its principles and communities are in alignment with the spirit of the Olympic Games.

Su also mentioned that Kuaishou’s multiple successful partnerships with CMG has allowed for Kuaishou to explore new ways to allow users to enjoy a more convenient participation experience for large scale events. For example, the parade was first live-streamed from multiple angles during the 2019 National Day celebration, which garnered over 1 billion views. Furthermore, CCTV’s 2020 New Year’s Gala debuted a new Kuaishou interactive feature of "videos+likes." The new feature gathered over 63.9 billion interactions – defined as user comment and sending red packets – and even setting a new record of number of likes for an event. The feature has influenced users to now watch the New Year’s Gala on dual screens for a boosted experience.

Kuaishou is confident in providing top quality broadcast of the games as the platform is home to thriving sports communities and has much experience in hosting broadcasts about major sporting events. According to Su, there are nearly 50,000 high-quality sports content creators and 150 million users who are sports fans on Kuaishou. Currently, the sports content on Kuaishou covers sports like football, basketball, boxing, snooker, racing, extreme sports, and outdoor sports. In March, Kuaishou even became the official livestream and short video partner of the Chinese Basketball Association (CBA). The total views of the live streams during the 2020-2021 season reached a high of 810 million and achieved over 360 million interactions. Kuaishou users have also repurposed content from the live stream to create meaningful and enriching content of their own, indicating an extremely successful event.

For the Olympic Games partnership, Kuaishou announced plans to make use of its unique product capabilities and technological expertise to create a series of interactive features that can allow users to participate virtually as part of the Olympics. At the same time, Kuaishou is committed to improve its promotional methods of the games, to explore different angles of capturing the games and ensure full coverage of all events. Kuaishou will work with CMG in hopes of producing the most interactive experience with extensive coverage of the Olympic Games in history.

WHY THE RED STAR SHINES OVER CHINA: The Surging Xiangjiang River II–The Forerunners of the CPC

BEIJING, June 23, 2021 — A news report by China.org.cn on the early life of Mao Zedong in Changsha: 

To the people of China, Changsha is a city of heroes. Mao Zedong, who saved the Party’s cause several times, spent his youth studying, living and working here. This is also where Mao Zedong Thought was formed.

 

The New People’s Study Society was later known as the forerunner of the Communist People of China. In an interview, Mao said that the Society was to have a widespread influence on the fate of China.

The site of the founding meeting of the New People’s Study Society (Xinmin Xuehui), located in Changsha, was also the former residence of Cai Hesen, an early leader of the CPC.

In 1917, Cai went to Changsha to study and lived with his family in rented accommodations. It was there where his schoolmates, Mao and Xiao Zisheng, often talked freely about transforming Chinese society. On Apr. 14, 1918, the New People’s Study Society was established at Cai’ home.

The New People’s Study Society was a significant social organization in China at that time, which aimed to "reform academics and boost morals." In the second year (1919), the May Fourth Movement broke out, and then they revised the society’s purpose to "transform China and the world."

In order to achieve such a purpose, Mao made a division of labor for the society’s members. Some of them stayed in China for investigation to learn more about the national conditions. Others, such as Cai Hesen, Xiao Zisheng and Li Weihan, went to France to work and study to look for ways to transform China and the world.

While working and studying in France, Cai Hesen translated a large number of Karl Marx’s works and wrote letters to Mao in China. In letters dated August 13th, and September 16th, 1920, he proposed "establishing the Communist Party of China without fear," stating the theories and steps needed for the Party’s founding. Mao replied, "This is a very good idea, and I could not agree more."

Mao, who stayed behind in China, started the Xiangjiang River Review in Changsha in July 1919. He was the chief editor, introducing and spreading new ideas. Li Dazhao believed that this was the most important and insightful periodical in China. Several progressive youths such as Ren Bishi, Guo Liang, and Xiao Jinguang began to awaken under its influence.

These members had great ambitions. They studied hard and took active exercise to make full preparations for shouldering greater responsibilities.

Many people in the New People’s Study Society became the first batch of CPC members. It can be said that the society prepared talents for the founding of the CPC, and among them a Communist leader.

In 1921, the New People’s Study Society completed its historical mission and ceased activities. However, that did not mean the end of their efforts to push the revolution forward.

The No. 22, Qingshuitang, was later recognized as the exact address of the former secret base of the CPC in Hunan-the then CPC Hunan Region Revolutionary Committee, and also the former residence of Mao Zedong and Yang Kaihui.

In July 1921, after attending the First National Congress of the CPC, Mao and He Shuheng returned to Changsha and began preparations for the establishment of local Party organizations in Hunan.

In October 1921, the CPC Hunan Branch was established, the first provincial Party branch in China. Mao was elected as secretary, He Shuheng, Yi Lirong as committee members.

Mao spent more than one year in Qingshuitang. It was the happiest and most romantic period in Mao’s revolutionary career. He had old parents and young kids by his side. His two children, Mao Anying and Mao Anqing, were both born there.

There were only few members in Hunan branch at that time. Later, the number of Party members grew steadily. In May 1922, approved by the CPC Central Committee, the CPC Hunan Region Revolutionary Committee was officially established.

During this time, Mao organized the workers’ movement, the peasants’ movement and the students’ movement, to propagate Marxism-Leninism and the Russian October Revolution. One of his major achievements during this period was the Anyuan Miners’ Strike, in which the management gave in to the workers’ demands. In this strike, Liu Shaoqi negotiated with the management, Li Lisan presided over the labor union, and Mao was the general leader.

In July 1923, the third National Congress of the CPC was held in Guangzhou. In this meeting, Chen Duxiu, the leader of the CPC, made a speech on the work of the Party branches. Speaking highly of the Hunan Committee’s performance, Chen said that only comrades in Hunan had done a good job.

CGTN: What does a people-centered philosophy mean for China?

BEIJING, June 19, 2021 — In China’s fight against COVID-19, more than 39 million members of the Communist Party of China (CPC) fought the virus on the frontline while over 13 million volunteers rendered their services at the community level. Nearly 400 of them laid down their lives in the process of saving others.

United as one and determined to save every life at all costs, China has been one of the most successful in containing the virus.

This is one vivid example that demonstrates China’s commitment to a people-centered philosophy.

Rooted in history
Adherence to a people-centered philosophy has been the key to CPC’s success in the past 100 years. From 57 members represented by 13 deputies at the first National Congress in 1921, the CPC has grown into a 91-million-strong entity that governs a country of 1.4 billion people.

Laying the basis of socialism with Chinese characteristics, the CPC led China to overcome obstacles in the way of its development, helping it stand on its feet and grow stronger till it eventually became the world’s second-largest economy.

"People are the creators of history. They are the fundamental force that determines our Party and the country’s future," said Chinese President Xi Jinping, also general secretary of the CPC Central Committee.

Commitment to the world
As COVID-19 continues to ravage the world, many countries have restricted grain exports. Resultantly, the number of people facing acute food insecurity hit 155 million last year – the highest in last five years.

However, China is doing its part to ensure global food security by reducing grain imports and moderately increasing the exports of wheat and rice. It also continues to assist other developing countries within the framework of South-South cooperation.

Domestically, China met its poverty alleviation target by the end of 2020, lifting nearly 100 million people out of poverty over the past eight years.

In the next five years, China plans to take a series of measures, such as improving people’s incomes, boosting employment and building a high-quality education system.

"To ensure that the people enjoy a happy life is the ultimate goal of all our work and is an important manifestation of our Party’s fundamental purpose of serving the people wholeheartedly," Xi said.

Xi has constantly urged the CPC members to stay true to the Party’s founding mission, which is to serve the people.

https://news.cgtn.com/news/2021-05-12/What-does-a-people-centric-philosophy-mean-for-China–10bpBSe50hG/index.html

Related Links :

http://www.cgtn.com

Sidiz announces new offer for top chair models for Amazon Prime Day

Special Pricing applied to the popular Sidiz T50, T80 and Ringo kids chair.

LOS ANGELES, June 18, 2021 — To meet the rising demand for high-quality home office chairs designed for maximum comfort and support, Sidiz – supplier to General Electric, IBM, Toyota, and Manchester United – is to give discounts on three of its most popular chair models for Amazon Prime Day on June 21-22, 2021.

Sidiz T50
Sidiz T50

In celebration of Amazon Prime Day, the popular and affordable T50, T80 and Sidiz Ringo Kids Chair will have 20% off their regular prices:

  • T50 = $287.20 (from $359)
  • T80 = $559 (from $699)
  • Ringo = $159 (from $199)

Upgrade your work from home setup with the Sidiz T50 & T80

Sidiz is a leading global chair brand. Among its top sellers is their world-renowned Sidiz T50 office chair. Having sold over two million units worldwide, the Sidiz T50 features a sleek modern design with ergonomic features, such as a multi-limited tilting system that allows users to set five different tilting angles.

This allows anyone to find their most comfortable seating position while maintaining good posture, which is a huge benefit if you spend hours at your desk.

But a good chair doesn’t just need to support your spine and torso adequately; it must also look good. And while the default grey option can already boost your desk’s appearance, the T50 also now comes in gorgeous black only for Amazon Prime Day.

A step up from the T50 is the T80. Featuring authentic German design fused with SIDIZ technology, providing a Synchronised Tilting mechanism, with a 4-step multi-limiter that gives users maximum control on tilting angles.

It also has levers to adjust tilting strength on the fly, giving you maximum back and torso support. This is crucial in maintaining the S-curve of the spine, which helps eliminate chronic back pains and other joint problems normally caused by poor posture due to wrong seating position.

Study Support: Ringo Kids Chair

But adults aren’t the only ones who need adequate seating. Kids also need high-quality chairs of their own – Enter the RedDot and IF awarded Ringo kids chair.

Carefully designed for children ages 6 to 13 to encourage healthy sitting habits, The Ringo has a 4-step growing function with an adjustable backrest so you can customize it as your child grows.

For more information about SIDIZ chairs, visit us.sidiz.com 

About SIDIZ

SIDIZ is a South Korea-based company that produces high-quality and well-designed office chairs. Established in 1994, SIDIZ has already expanded way beyond Asia and is now available in 70 countries, including the United States. Its innovative designs focused on maximum comfort and support have won numerous awards such as the RedDot Design Award, IF Design Award, and the Japan Good Design Award.

Sidiz T80
Sidiz T80

Sidiz Ringo
Sidiz Ringo

WHY THE RED STAR SHINES OVER CHINA: The Surging Xiangjiang River I–The Prime of Life

BEIJING, June 18, 2021 — A news report by China.org.cn on the early life of Mao Zedong in Changsha: 

To the people of China, Changsha is a city of heroes. Mao Zedong, who saved the Party’s cause several times, spent his youth studying, living and working here. This is also where Mao Zedong Thought was formed.

 

To the people of China, Changsha is a city of heroes. The revolutionary thought from here has inspired generations. Mao Zedong, who saved the Party’s cause several times, spent his youth studying, living and working here. This is also where Mao Zedong Thought was formed. Mao’s early years in Changsha provided inspiration for China’s revolution and the founding of the CPC.

In one of his famous poems -"Changsha-to the tune of Qin Yuan Chun" wrote in 1925, Mao said, "I ask, on this boundless land, who rules over man’s destiny?" At that time, the CPC forged cooperation with the Kuomintang in the Great Revolution (1924-1927).

In January 1925, Mao returned to Hunan from Shanghai and organized several peasant movements. The reactionary warlord, Zhao Hengti was furious with Mao for his actions, and ordered to arrest him.

Under such circumstances, Mao had to leave Changsha for Guangdong. He joined the Great Revolution, organized peasant associations and attended the Peasant Movement Training Institute. Before he left Changsha, he wrote that poem.

The Hunan First Normal University, known as a "Thousand-Year Institution of Higher Learning and Hundred-Year Normal School," was formerly known as Changsha Southern City Academy and founded by Zhang Shi, a famous Neo-Confucianist in the Southern Song Dynasty (1127-1279). Mao studied and worked here for eight years from the spring of 1913 to the winter of 1921.

Mao once said in an interview, "I experienced a lot here, at Hunan First Normal University. My political thought began to take shape here. It was also here where I gained my first experience in social action." It is clear that the First Normal University meant a great deal to Mao Zedong.

From 1913 to 1918, during his five and a half years’ study in the university, he studied hard to expand his knowledge, and laid a deep academic foundation. He paid great attention to social practice, conducted investigations in rural areas, sponsored a night school for workers, and successfully organized his very first military action -"Disarming Routed Troops at Houzishi."

Mao was a student of distinction during his time in the Hunan First Normal University. He read plenty of classics in university. His reading notes alone filled many baskets. The tens of thousands of words of annotations and insights fully show his meticulous attitude toward learning and reading. In addition, he advocated the notion of "civilizing one’s spirit but savaging one’s body."

Taking cold showers  is one of Mao’s ways to exercise his body. Mao believed that taking cold baths would firm his will and prepare his body for more important work.

With his profound knowledge, strong physique and broadened horizons, Mao was well-prepared and determined to "transform China and the world". His mental and physical fitness also laid a solid foundation for the arduous Long March later on.

At the same time, Mao met several good teachers while studying in the university. Some of them had acquired deep knowledge, and some were well-versed in both Chinese and Western knowledge, for example, Mr. Yang Changji. Among his teachers, there were those who loved the country and their countrymen, and explored the way to save the country and the people, such as Mr. Xu Teli. Under their influence, Mao aspired to save the country and determined to study hard and strengthen his body.

The Hunan First Normal University cultivated a great leader for China, who saved the country from misery (at that time). The university is a cradle of talent that educated many revolutionaries in China. In 1950, Mao returned to his alma mater and expressed his encouragement and hope to the faculty and students. "To be a teacher of the people, one must first be a pupil of the people," said Mao.

CGTN: Long-term planning key to China’s continuous growth

BEIJING, June 17, 2021 — Speaking a few days ahead of the Earth Day summit on climate change in April, American Secretary of State Antony Blinken acknowledged that the U.S. had fallen behind China in developing the technology needed to curb climate change. 

CGTN:Long-term planning key to China's continuous growth
CGTN:Long-term planning key to China’s continuous growth

China’s global dominance in renewable energy is no accident. It is the result of the type of long-range planning that has become a well-known characteristic of the nation’s governance system. 

The bedrock of China’s economic planning has been its five-year plans that began in 1953 and were patterned initially after the centralized Soviet system. In the early years, the economic and production targets did not always go to plan, and officials made mistakes.

For instance, during the Great Leap Forward, an economic campaign in the late 1950s to transform China from an agrarian to an industrial economy, many targets were unmet because they were too ambitious. As a result, the campaign ended in disaster.

The country learned from that experience, devising attainable goals and consulting widely in subsequent years. It was not until the 1970s – and the unleashing of the groundbreaking "reform and opening-up" policies – that the world really sat up and took notice.

Since then, the CPC’s quinquennial strategic visionary planning has been widely credited with facilitating continuous economic expansion in China and underpinning its transformation into the world’s second largest economy. 

The heavy centralization of the past has been modified in favor of widespread buy-in for the national development goals. Hence, they have a greater chance of succeeding. Input is sought from government ministries, state enterprises, provincial administrations, scholars and think tanks, grass-root level CPC delegates, non-CPC political parties and the private sector.

The upshot is that China’s economy grew from over $76 billion (493 billion yuan) in 1981 to almost $16 trillion (100 trillion yuan) in 2020. The country’s per capita GDP was comparable to that of India’s in 1978 at about $200 (1,280 yuan). Today, it is five times larger than that of its neighbor at $10,000 (64,000 yuan).

China’s leaders often stress that the market should be allowed to play a decisive role in allocating resources, and the country can never go back to a dominant centrally planned economy.

Five-year plans combine the visible hand of the government and the invisible hand of the market to turn China into the world’s second largest economy.

https://news.cgtn.com/news/2021-06-16/Long-term-planning-key-to-China-s-continuous-growth-116PwO0Zd1S/index.html

Related Links :

http://www.cgtn.com