Issuu on Google+

"%)*).'4/$!9

3DJHV

%ARLYFALLONTHEPLATEAU 7ITH A HIGH ALTITUDE AND LOW TEM PERATURES THEGRASSLANDSOFTHENEARBY "ASHANG0LATEAUARETHEPLACETOGOTO GETAJUMPSTARTONAUTUMN

3DJHV

#OLLECTIONDElNESCONTEMPORARYART &INALLY hMAINSTREAMv AFTER THREE DECADES ON THE FRINGE CONTEMPORARYPIECESBYOF#HINASMASTERSOF THEFORMAREBEINGEXHIBITEDATTHE.ATIONAL!RT-USEUM NOWTHROUGH3EPTEMBER

4EARSFORTHE DEADIN-ANILA

/RPHANAGE SHORTAGAIN ONMOMS 3DJH

'ATES "UFFET CALLONRICH FORCHARITY 3DJH

3ITETEACHES BANDSTHE MUSICBIZ

38%/,6+('(9(5<)5,'$<

3DJH

$XJXVW²6HSWHPEHU 12&1 +773:::%(,-,1*72'$<&20&1 #()%&%$)4/2 *)!.2/.' .%73%$)4/2 953(!.3(!. $%3)'.%2 $%.'.).'

46TRACKER ONTHETRAIL OFTHEPANDA

3HOPNOWFOR THENEWSEASON

0AGE #&00HOTO

3DJH

/NLYWEEKSAFTERTHE:HOUQUmOOD THEGOVERNMENTISAGAINLOWERINGITSmAGS TOREMEMBERTHENINE(ONG+ONGTOURISTSKILLED-ONDAYDURINGAHOSTAGECRISIS IN-ANILA CAPITALOFTHE0HILIPPINES 4HE#HINESESIDEHASDEMANDEDATHOROUGHINVESTIGATIONOFHOWTHECRISIS WASHANDLEDANDCALLEDONTHE0HILIPPINEGOVERNMENTTOMAKECHANGESTOENSURE THESAFETYOFFUTURE#HINESETRAVELERS4HEDEATHSHAVECASTALONGSHADOWOVER THEHOLIDAYPLANSOFMANYTHISCOMING.ATIONAL$AY 5HDGPRUHRQ3DJH

5NDER THE AUSPICES OF THE )NFORMATION /FlCE OF "EIJING -UNICIPAL 'OVERNMENT 2UN BY "EIJING 9OUTH $AILY 0RESIDENT :HANG 9ANPING %DITOR IN #HIEF :HANG 9ABIN %XECUTIVE $EPUTY %DITOR IN #HIEF (E 0INGPING $IRECTOR *IAN 2ONG 0RICE  YUAN PER ISSUE  YUAN FOR  MONTHS !DDRESS .O "UILDING ! "AIJIAZHUANG $ONGLI #HAOYANG $ISTRICT "EIJING #HINA :IP #ODE  4ELEPHONE&AX   % MAILBJTODAY YNETCOM (OTLINEFORSUBSCRIPTION #HINESE  %NGLISH /VERSEAS#ODE.UMBER$ ä&#x2021;«â³&#x192;â«&#x203A;⼦  /VERSEAS$ISTRIBUTION!GENT#HINA)NTERNATIONAL"OOK4RADING#ORPORATION


$XJXVW

1HZV



'OVTEMPERSJUSTICEWITHMERCY INAMENDED#RIMINAL,AW %XPERTSSAYREDUCEDDEATH PENALTYAWORLDWIDETREND

"%)*).'4/$!9

%DITOR(AN-ANMAN$ESIGNER:HAO9AN

7KHWKLUWHHQFULPHVZLOOQRORQJHUEHSXQLVKDEOHE\GHDWKLIWKHDPHQGPHQWWRWKH&ULPDLQDO/DZ LVSDVVHG (UANG(E#&00HOTO 7KH6WDQGLQJ&RPPLWWHHRIWKH 1DWLRQDO 3HRSOH¶V &RQJUHVV EHJDQ 0RQGD\ LWV ¿UVW UHDGLQJ RI DQ DPHQGPHQWWRWKH&ULPLQDO/DZ ,ISDVVHGWKHODZZRXOGVODVK WKH QXPEHU RI FULPHV VXEMHFW WR WKH GHDWK SHQDOW\ DQG WRXJKHQ SXQLVKPHQWRIRUJDQL]HGFULPH 7KHSURSRVHGDPHQGPHQWWKH HLJKWK WR WKH  YHUVLRQ RI WKH &ULPLQDO /DZ LV PHDQW WR IXUWKHU LPSOHPHQW WKH JRYHUQ PHQW¶V SROLF\ WR WHPSHU MXVWLFH ZLWKPHUF\DFFRUGLQJWRDVWDWH PHQW E\ WKH &KDLUPHQ¶V &RXQFLO RIWKH1DWLRQDO3HRSOH¶V&RQJUHVV 13& 6WDQGLQJ&RPPLWWHH ,W LV DOVR LQWHQGHG WR HGXFDWH DQG UHIRUP FRQYLFWHG FULPLQDOV WKHVWDWHPHQWVDLG )HZHUH[HFXWLRQV &XUUHQW ODZ VWLSXODWHV WKDW  FULPHV DUH SXQLVKDEOH E\ WKH GHDWKSHQDOW\+RZHYHUWKHGUDIW DPHQGPHQWZRXOGHOLPLQDWHFDS LWDOSXQLVKPHQWIRUHFRQRPLF UHODWHG QRQYLROHQW RIIHQFHV D GURSRIIDERXWSHUFHQW 7KH  FULPHV WR QR ORQJHU EH

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¶ DVVHWV DQG ¿QH WKHPHPEHUVRIXQGHUJURXQGRUJD QL]DWLRQV *RYHUQPHQW HPSOR\ HHVZKRVKLHOGWKHLUXQGHUJURXQG

DVVRFLDWHV ZRXOG IDFH RQO\ ¿YH \HDUV LQ SULVRQ FRPSDUHG ZLWK WKHFXUUHQW 2UJDQL]HG FULPH LV UDPSDQW LQ VRPH SDUWV RI WKH FRXQWU\ $ JRYHUQPHQWFUDFNGRZQVWDUWHGLQ )HEUXDU\KDVEURXJKWGRZQ JDQJVDQGFRQ¿VFDWHG JXQVWRGDWH 3URWHFWLQJWKHSXEOLF $FWVWKDWHQGDQJHUWKHSXEOLF DQG GUDZ FRPSODLQWV LQFOXGLQJ GUXQN GULYLQJ VWUHHW UDFLQJ GHIDXOWLQJRQSD\PHQWVWRHPSOR\ HHVDQGKXPDQRUJDQKDUYHVWLQJ KDYH DOVR EHHQ LQFOXGHG LQ WKH GUDIWDPHQGPHQWDVFULPHV 7KHVH DFWV ZHUH SUHYLRXVO\ VXEMHFW WR RQO\ DGPLQLVWUDWLYH RU FLYLOSHQDOWLHV ,QDELGWREHWWHUSURWHFWGLVDG YDQWDJHGJURXSVWKRVHFRQYLFWHG RIIRUFLQJRWKHUVWRZRUNPD\IDFH SHQDOWLHV RI XS WR VHYHQ \HDUV LQ SULVRQLQVWHDGRIRQO\WKUHH\HDUV DQGWKRVHZKRSURYLGHDVVLVWDQFH WR SHRSOH RUJDQL]LQJ RWKHUV IRU SURVWLWXWLRQ PD\ IDFH XS WR  \HDUVLQSULVRQ ;LQKXD

%\+DQ0DQPDQ 7KHUHGXFWLRQRISRWHQWLDO GHDWK FKDUJHV KDV UHFHLYHG PXFK DWWHQWLRQ ,I WKH DPHQG PHQWEHFRPHVODZLWZRXOGEH WKH ¿UVW WLPH WKH QXPEHU RI FULPHVVXEMHFWWRGHDWKKDVEHHQ UHGXFHGVLQFHWKH¿UVWFULPLQDO ODZZDVSDVVHGLQ ³&RQVLGHULQJ &KLQD¶V FXU UHQW HFRQRPLF DQG VRFLDO GHYHORSPHQW UHPRYLQJ WKH GHDWK SHQDOW\ IRU VRPH HFRQRP\UHODWHG QRQYLROHQW RIIHQFHV ZLOO QRW QHJDWLYHO\ DIIHFWVRFLDOVWDELOLW\RUSXEOLF VHFXULW\´ ;LQKXD TXRWHG /L 6KLVKL GLUHFWRU RI &RPPLV VLRQ IRU /HJLVODWLYH $IIDLUV RI WKH 1DWLRQDO 3HRSOH¶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¶V 6XSUHPH &RXUW WR UHYLHZ DOO GHDWK VHQWHQFHV EHIRUH WKH\ DUHFDUULHGRXW ,Q 0D\ WKLV \HDU WKH JRYHUQPHQW LQWURGXFHG QHZ UXOHVVD\LQJHYLGHQFHREWDLQHG WKURXJK WRUWXUH DQG WKUHDWV

FDQQRWEHXVHGLQFULPLQDOSURV HFXWLRQVDQGZRXOGEHWKURZQ RXWLQGHDWKSHQDOW\FDVHVWKDW DUHDSSHDOHG ³7KLV UHGXFWLRQ RI FDSLWDO SXQLVKPHQW LV DQRWKHU VLJQLI LFDQW FKDQJH WKDW VKRZV WKH SURJUHVV RI WKH &KLQHVH OHJDO V\VWHPDQGSXEOLFDZDUHQHVVRI WKHODZ´7HQJVDLG %XWZKLWHFROODUFULPHZLOO VWLOO EH SXQLVKHG VHYHUHO\ 7HQJ VDLG 8QGHU WKH QHZ UXOHVEULEHU\ZRXOGUHPDLQD FDSLWDORIIHQFH ³,W¶V QRW WLPH WR DEROLVK VXFK >SXQLVKPHQWV IRU@ ¿QDQ FLDOFULPHJLYHQLWVKXJHLPSDFW RQVRFLHW\´7HQJVDLG 7HQJ VDLG WKH FRXQWU\ PD\ HYHQWXDOO\ DEROLVK WKH GHDWK SHQDOWLHV FRPSOHWHO\ EXW WKDW ³WKHUHLVVWLOOVRPHZD\VWRJR´ ,W LV QRW NQRZQ ZKHQ WKH GUDIW ZLOO EHFRPH ODZ 7KH DPHQGPHQW ZLOO EH H[DPLQHG LQ D ELPRQWKO\ VHVVLRQ RI WKH 1DWLRQDO3HRSOH¶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

3UBWAYBOOMBRINGSWORRIESOFEFlCIENCYANDLOSSES %\=KDR+RQJ\L 0RUHWKDQNLORPHWHUVRI VXEZD\DUHXQGHUFRQVWUXFWLRQLQ &KLQD WRGD\ DQG DQRWKHU  NLORPHWHUV DUH VHW WR VWDUW FRQ VWUXFWLRQ LQ WKH QH[W ¿YH \HDUV ZLWKDQLQYHVWPHQWRIPRUHWKDQ ELOOLRQ\XDQ 7KHUH ZLOO EH  NLORPHWHUV RI VXEZD\ OLQHV LQ WKH FRXQWU\ E\  DFFRUGLQJ WR D UHSRUW E\ WKH ELPRQWKO\ PDJD]LQH 2XWORRN %XW WKHERRPKDVH[SRVHGQHZSUREOHPV RILQHI¿FLHQWRSHUDWLRQDQG¿QDQFLDO ORVVSODJXLQJWKHVXEZD\LQGXVWU\ ³,Q WKH WK )LYH <HDU 3ODQ  LQYHVWPHQWRQVXEZD\ FRQVWUXFWLRQZLOOH[FHHGLQYHVWPHQW LQ DYLDWLRQ FRQVWUXFWLRQ DQG ZDWHU WUDQVSRUWDWLRQLWIROORZVRQO\UDLO ZD\DQGKLJKZD\FRQVWUXFWLRQ´WKH UHSRUW VDLG TXRWLQJ /L ;LDRMLDQJ GLUHFWRU RI WKH ,QVWLWXWH RI 8UEDQ

7UDQVSRUWDWLRQ 6WXGLHV XQGHU WKH 0LQLVWU\RI&RQVWUXFWLRQ /DVW\HDUDVPDQ\DVFLWLHV DSSOLHG WR H[SDQG RU VWDUW WKHLU VXEZD\V\VWHPVZHUHDSSURYHG E\WKHFHQWUDOJRYHUQPHQW%XWWKH KXJHLQYHVWPHQWKDVUDLVHGGRXEWV DERXW KRZ ORFDO FLW\ JRYHUQPHQW FDQLPSURYHLWVHI¿FLHQF\DQGUHSD\ LWVVXEZD\ORDQV &KLQD'HYHORSPHQW%DQNLVWKH PRVWLPSRUWDQW¿QDQFLQJVRXUFHRI PRVW RI WKHVH SURMHFWV %\ 0DUFK WKLV\HDUWKHEDQNKDGLVVXHG ELOOLRQORDQVZLWKDQRWKHUELO OLRQ XQGHU FRQVLGHUDWLRQ =KDQJ 4LQJPLQGLUHFWRURISURMHFWHYDOX DWLRQIRUWKHEDQNVDLG ,Q  WKH FHQWUDO JRYHUQ PHQWHQFRXUDJHGGLYHUVL¿FDWLRQRI ¿QDQFLQJ VRXUFHV DQG RSHUDWLRQ /RFDOJRYHUQPHQWVZHUHDOORZHGWR ¿QDQFHWKHLUSURMHFWVXVLQJRYHUVHDV

FRPPHUFLDOEDQNVDQGLVVXHERQGV DQGVKDUHV7KH\ZHUHDOVRHQFRXU DJHGWRXVHMRLQWFRQVWUXFWLRQRSHU DWLRQDQGOHDVLQJUDWKHUWKDQUHO\LQJ HQWLUHO\RQWKHFHQWUDOJRYHUQPHQW %XWWKH¿QDQFLDOFULVLVGDPDJHG PDUNHWRULHQWHG ¿QDQFLQJ ³,I \RX FDQ REWDLQ PRQH\ IURP WKH FHQWUDO JRYHUQPHQW ZK\ ZRXOG \RX WU\ WR JHWLWRQWKHPDUNHW"´VDLG-LQ<RQJ[ LDQJJHQHUDOPDQDJHURI'D\XH&RQ VXOWLQJ&RPSDQ\LQ%HLMLQJ :DVWHGLQYHVWPHQWLVHVWLPDWHG DWSHUFHQW-LQVDLG &RQVWUXFWLRQ RI XQGHUJURXQG VXEZD\ OLQHV FRVWV  PLO OLRQ \XDQ SHU NLORPHWHU HOHYDWHG VXEZD\FRVWPLOOLRQDQG OLJKWUDLOVFRVWPLOOLRQ 2SHUDWLRQDOHI¿FLHQF\RIWKHOLQHV LVIDUIURPVDWLVIDFWRU\7KH%HLMLQJ PXQLFLSDOJRYHUQPHQWLQYHVWVELO OLRQ\XDQIURPLWVEXGJHWHDFK\HDUWR

EXLOGQHZOLQHVDQGDQRWKHUELOOLRQ WRVXEVLGL]HWKHRSHUDWLRQRIH[LVWLQJ OLQHV VDLG :X /LVKXQ PDQDJHU RI ¿QDQFLQJDQGSODQQLQJIURP%HLMLQJ ,QYHVWPHQW %\  RSHUDWLRQDO ORVVHV LQ %HLMLQJ ZLOO WRWDO  ELOOLRQ ZLWK RXW IDFWRULQJ LQ GHSUHFLDWLRQ DQG PDQDJHPHQWFRVWV7RWDOORVVHVZLOO UHDFK  ELOOLRQ HTXLYDOHQW WR WKH FRQVWUXFWLRQRIDQHZOLQH 7KHVXEZD\OLQHLQ6KHQ]KHQLV LQDVLPLODUSUHGLFDPHQW ,W KDV DFFXPXODWHG ORVVHV RI PRUH WKDQ  ELOOLRQ \XDQ VLQFH LW ZHQW LQWR RSHUDWLRQ HDUOLHU WKLV GHFDGH 7RWDO ORVVHV EHWZHHQ QRZ DQG±LQFOXGLQJGHSUHFLDWLRQ RI WKH HTXLSPHQW DQG IDFLOLWLHV DQG LQWHUHVW SDLG RQ ORDQV ± DUH H[SHFWHGWRUHDFKELOOLRQ\XDQ ³7KH SUREOHP LQ 6KHQ]KHQ LV WKDW LW KDV QRW IRUPHG D FRPSOHWH

QHWZRUN RI VXEZD\ OLQHV ,W ZLOO EH DFRPPRQSUREOHPLQPRVWRIWKH VHFRQGWLHUFLWLHV´-LQVDLG,QWKHVH FLWLHVLWFRXOGEHHYHQPRUHVHULRXV ³7KHSUREOHPVDUHLQWKHVWUXF WXUHRIWKHFRUSRUDWLRQVFRQVWUXFW LQJDQGRSHUDWLQJWKHOLQHV´VDLG :DQJ+DRIRUPHUGHSXW\GLUHFWRU RI %HLMLQJ¶V 6WDWHRZQHG $VVHWV 6XSHUYLVLRQDQG$GPLQLVWUDWLRQ 6XEZD\RSHUDWRUVDUHVWDWHRUL HQWHGUDWKHUWKDQPDUNHWRULHQWHG 7KH\ KDYH QR LQWHUHVW RU HQWKXVL DVPIRUHI¿FLHQF\RUUHSD\LQJWKHLU JRYHUQPHQWORDQV $QRWKHUSUREOHPLVWKHDJJUHV VLYH DWWLWXGH E\ ZKLFK JRYHUQ PHQWV ERWK FHQWUDO DQG ORFDO ¿QDQFHG WKHVH SURMHFWV 1HLWKHU OHYHO UHTXHVWHG FRQFUHWH VXSHUYL VLRQ RI WKH SURMHFWV DQG GHWDLOHG UHSD\PHQWVFKHGXOHVZKHQLVVXLQJ WKHKXJHORDQVKHVDLG


$XJXVW

DW WKH %HLMLQJ 0XQLFLSDO 5HVHDUFK &HQWHU IRU 5XUDO (FRQRP\DJUHHG ³,PSURSHU ZDVWH VRUWLQJ PD\ OHDG WR WKH PL[LQJ RI KD]DUGRXV VXEVWDQFHV LQWR RUJDQLF ZDVWH ZKLFK ZLOO WXUQ WKH ZRUPZDVWH IHUWLOL]HULQWRVRPHWKLQJWKDWPD\ RQH GD\ EH KDUPIXO WR KXPDQV´ KHVDLG /RRNLQJ EDFN WR WKH  WULDO ZKLFK ODVWHG WKUHH PRQWKV LQ  IDPLOLHV ³LW DSSHDUV WKDW ZH ZHUH WRR LPSUXGHQW´ VDLG +DQ %DLVKHQJ WHDP OHDGHU RI WKH&KLQD&RPPXQLW\9ROXQWHHU ZKRFDUULHGRXWWKHWULDO ³3UREOHPV ZLWK WKH WHFK QLTXHVDQGSRRUUHVHDUFKFDXVHG WKH IDLOXUH7KHELJJHVW SUREOHP ZDVSRRUDLUSHUPHDELOLW\RIWKH FRQWDLQHUV ZKLFK FDXVHG HYHU\ WKLQJ WR WXUQ UDQFLG DQG DWWUDFW SDUDVLWLFLQVHFWVWKDWZHUHIDWDOWR WKHUHGZLJJOHUZRUPV´KHVDLG ,PSURSHU FDUH RI WKH ZRUPV ZDV DQRWKHU FDXVH ³6RPH IDPL OLHVSXWWKHFRQWDLQHUVRQWKHEDO FRQ\ ZKHUH WKH ZRUPV GURZQHG DQGGLHG´KHVDLG 7KH WULDO LV QRZ LQ LWV WK GD\³(YHU\WKLQJORRNVQRUPDO´ VDLG /L KRVWHVV RI WKH H[SHUL PHQWIDPLO\

³7KHZRUPVLQWKHWZRER[HV KDYHDOUHDG\JURZQIURPLQFKWR LQFKHVORQJLQVXFKDVKRUWWLPH 6ZHHWIRRGZDVWHOLNHZDWHUPHO RQVLVWKHLUIDYRULWHV,GRQ¶WWKLQN LW¶VVXFKDEXUGHQ<RXRQO\QHHG RQO\WRIHHGWKHPHYHU\WKUHHGD\V :KHQWKHUHLVUDLQWKH¿UVWWKLQJ ,GRLVFRYHUWKHER[HVZLWKSODVWLF FORWKWRSUHYHUQWWKHZRUPVIURP GURZQLQJ´VKHVDLG ³7RHQVXUHDKHDOWK\µGLHW¶IRU WKH ZRUPV P\ IDPLO\ LV FDUH IXOO\VRUWLQJWKHZDVWHWRSUHYHQW WKHZRUPVIURPEHLQJH[SRVHGWR GHWULPHQWDOEDFWHULD´VKHVDLG ³%XW VRPH RI P\ QHLJKERUV GRQ¶WOLNHLW7KH\DUHDIUDLGWKDW LPSURSHUEUHHGLQJRIWKHZRUPV ZLOO GUDZ Ã&#x20AC;LHV DQG PRVTXLWRHV´ VKHVDLG 7KRXJK UHODWLYHO\ QHZ LQ &KLQD ZRUP FRPSRVWLQJ KDV ORQJ EHHQ XVHG LQ WKH 86 DQG -DSDQ ³:RUP FRPSRVWLQJ ER[HV DUH FRPPRQO\ VHHQ LQ -DSDQHVH IDPLOLHV´ VDLG )HQJ WKHUHVHDUFKHU ,GHDOO\NLORJUDPRIRUJDQLF IRRGZDVWHFDQEHGHFRPSRVHGE\ DQ HTXDO ZHLJKW RI HDUWKZRUPV LQWR D KDOINLORJUDP RI ZDVWH 7KLV ZDVWH FDQ EH XVHG DV ULFK GDUNVRLOIRUSODQWV

4OURISTSTOSEEMOREOF&ORBIDDEN#ITY %\&KX0HQJ 7KHWRS%HLMLQJWRXULVWGHVWL QDWLRQ WKH )RUELGGHQ &LW\ ZLOO EHJLQ LWV ODUJHVW UHQRYDWLRQ \HW RQ 6HSWHPEHU  :KHQ WKH ¿YH \HDU RYHUKDXO LV FRPSOHWHG  SHUFHQWPRUHRILWVWRWDODUHDZLOO EHRSHQWRWKHSXEOLF6KDQ-L[L DQJFKLHIRI6WDWH%XUHDXRI&XO WXUDO5HOLFVVDLGODVW)ULGD\ 6KDQ VDLG WKDW DW SUHVHQW RQO\  SHUFHQW RI WKH )RUELG GHQ &LW\¶V WRWDO DUHD LV RSHQHG WR YLVLWRUV DQG OHVV WKDQ RQH IRXUWK RI LWV  URRPV KDYH EHHQUHVWRUHGIRUWRXULVP ³%HFDXVHRIRXUOLPLWHGUHVWR UDWLRQDELOLW\DQGOHVVGHYHORSHG WHFKQLTXHVIRUVDOYDJLQJFXOWXUDO UHOLFVHDUO\ODVWFHQWXU\RQO\WKH DUHD DORQJ WKH D[LV RI WKH )RU ELGGHQ &LW\ ZDV UHQRYDWHG DQG RSHQHG 0RVW RI WKH ZHVW DQG HDVW DUHDV DUH VWLOO FORVHG WR WKH SXEOLF´6KDQVDLG 7KH \HDUV RI DEDQGRQPHQW KDYH VHYHUHO\ GDPDJHG PDQ\ RI WKHRWKHUEXLOGLQJV³,WKDVEHHQ D JUHDW ORVV IRU ERWK WKH UHOLFV WKHPVHOYHV DQG IRU WKH SXEOLF 3HRSOH VKRXOG KDYH D FKDQFH WR DSSUHFLDWH RQH RI WKH QDWLRQ¶V PRVW EULOOLDQW VLWHV RI FXOWXUDO KHULWDJH´KHVDLG /L <RQJJH GLUHFWRU RI WKH DQFLHQW EXLOGLQJ VHFWLRQ RI WKH 3DODFH 0XVHXP VDLG PRVW RI WKH DQFLHQW FUDIW WHFKQLTXHV UHTXLUHG WR UHSDLU WKH UHVW RI WKH)RUELGGHQ&LW\ZHUHQHLWKHU GLVFRYHUHG QRU PDVWHUHG XQWLO IDLUO\UHFHQWO\ 7KHDGPLVVLRQIHHLVH[SHFWHG

4HESECONDPHASEOFTHE&ORBIDDEN#ITYREPAIRPROJECTBEGINSNEXTWEEK WRUHPDLQWKHVDPHZKLFKPHDQV WRXULVWVZLOOHYHQWXDOO\EHDEOHWR YLVLWSHUFHQWPRUHRIWKH)RU ELGGHQ&LW\IRUWKHVDPHSULFH 6KDQVDLGWKHFDSDFLW\RIWKH )RUELGGHQ &LW\ LV  YLVL WRUVSHUGD\EXWWKDWWKHQXPEHU RI YLVLWRUV DOZD\V IDU H[FHHGV WKDW FDSDFLW\ 2Q VRPH GD\V

WKH QXPEHU RI WRXULVWV UHDFKHV  7KDW PDQ\ YLVLWRUV EHLQJ ORFNHGLQWRRQHFHQWUDOL]HGH[KL ELWLRQDUHDKDVSXWDVWUDLQRQWKH KLVWRULFDOVLWH7KHH[SDQVLRQZLOO KHOS WR VSUHDG RXW WKHLU YLVLWV UHGXFLQJ GDPDJH WR WKH )RUELG GHQ&LW\

#&00HOTO

7KHSURMHFWLVSDUWRID\HDU JHQHUDO RYHUKDXO WKDW VWDUWHG LQ 2FWREHUDQGZLOO¿QLVK E\ 7KHILUVWVWDJHRIWKHUHSDLU SURMHFW ZDV FRPSOHWHG DKHDG RI WKH  2O\PSLF *DPHV 7KH HIIRUW LV FXUUHQWO\ LQ LWV VHFRQGVWDJH

)HDWXUH

UDWH ZH DOVR LQYLWHG DQ HDUWK ZRUPH[SHUWIURP&KLQD$JULFXO WXUDO 8QLYHUVLW\ 6XQ =KHQMXQ WR GHVLJQ DQG GLUHFW WKH WULDO´ +RXVDLG ³,I WKH WULDO LV D VXFFHVV ZH KRSH WKH PHWKRG FDQ EH SUR PRWHG LQ PRUH FRPPXQLWLHV´ +RXVDLGDGGLQJWKDWLWVSURPR WLRQ PD\ UHO\ RQ WKH PXQLFLSDO JRYHUQPHQWDQGH[SHUWV 'HDOLQJ ZLWK RUJDQLF ZDVWH LV RQH RI WKH WRS FKDOOHQJHV IDFLQJ %HLMLQJ¶V FLW\ PDQDJH PHQW :KLOH WKH JRYHUQPHQW KDV DOUHDG\ HVWDEOLVKHG ELRGHJ UDGDWLRQ VWDWLRQV IRU FROOHFWHG RUJDQLFZDVWHLWKRSHVWR¿QGD IHDVLEOHUHVLGHQWGULYHQPHWKRG WRDGGUHVVWKHLVVXH 'HQJ -XQ GHSXW\ GLUHFWRU JHQHUDO RI WKH &RPPLWWHH RI %HLMLQJ 0XQLFLSDOLW\ DQG &LW\ $SSHDUDQFH ZHOFRPHG WKH SUR PRWLRQDVLQQRYDWLYH ³%XW EHIRUH LW FDQ EHFRPH ZLGHVSUHDG LQ WKH FLW\ LW ZLOO KDYH WR EH PDGH PRUH IHDVLEOH DQG OHVV FRVWO\ 7KH FXUUHQW ZDVWHVRUWLQJUHDOLW\VKRXOGDOVR EH WDNHQ LQWR FRQVLGHUDWLRQ WR FUHDWH D VXVWDLQDEOH UHIXVH GLV SRVDOV\VWHP´KHVDLG )HQJ -LDQJXR D UHVHDUFKHU

%DITOR(AN-ANMAN$ESIGNER:HAO9AN

%\/LDQJ0HLODQ $IWHUIDLOHGWULDOVLQDQG ZRUPFRPSRVWLQJLVEDFN LQKRPHWULDOV 2Q $XJXVW  WKUHH QHLJK ERUKRRGVLQ'RQJVL'RQJFKHQJ 'LVWULFWEHJDQDRQHPRQWKWULDO ZLWK LPSURYHG HTXLSPHQW LQ SUHSDUDWLRQ IRU D ZLGHU SURPR WLRQRIWKHWHFKQRORJ\LQIDP LOLHV ([SHUWV VDLG VWULFW ZDVWH VRUWLQJLVYLWDOWRWKHZLGHVSUHDG RIWKHWHFKQRORJ\ 3URSRVHG E\ WKH *OREDO 9LO ODJHRI%HLMLQJ(QYLURQPHQW(GX FDWLRQ &HQWHU *9%  WKH WULDO LV FRQGXFWHG DW *9%¶V RI¿FH D URRIWRSLQWKH'RQJVL5HVLGHQWV¶ &RPPLWWHHRI¿FHEXLOGLQJDQGDW WKHKRPHRIUHVLGHQW/L<XODQ 7KHSDVWWZRWULDOVIDLOHGGXH WRZRUPGHDWK ³7KLV WLPH WKH H[SHULPHQW LVEHLQJFRQGXFWHGERWKLQGRRUV DQGRXWGRRUVWRGLVFHUQWKHPRVW IDYRUDEOHYHQWLODWLRQDQGKXPLG LW\ HQYLURQPHQW IRU UDLVLQJ WKH ZRUPV´VDLG+RX)HL*9%LQLWL DWRURIWKHWULDOSURMHFW 8QOLNH SULRU WULDOV WKH QHZ FRQWDLQHUV XVHG ZLOO EH FRGHG SODVWLFER[HVGULOOHGZLWKKROHVWR HQVXUHDPSOHR[\JHQ ³7R HQVXUH D JRRG VXUYLYDO

%\=KDR+RQJ\L )(6&2 WKH )RUHLJQ (QWHU SULVHV 6HUYLFH &RPSDQ\ VHW XS WKH3HRSOH¶V'LVSXWHV6HWWOHPHQW 3DQHO RI )RUHLJQ (QWHUSULVHV VDLG RYHU WKH ZHHNHQG WKDW LW ZLOO SURYLGH OHJDO VHUYLFHV DQG KHOS WR VHWWOH LQFUHDVLQJ ODERU GLVSXWHVDQGFRQÃ&#x20AC;LFWVDPRQJLWV %HLMLQJPHPEHUV 7KH QHZ DJHQF\ ZLOO SURYLGH DUELWUDWLRQ SHUVXDVLRQ DQG OHJDO KHOS WR PHPEHU HQWHUSULVHV DQG WKHLU HPSOR\HHV ZKHQHYHU WKH\ KDYHODERUGLVSXWHV7KHRXWFRPH RI WKHVH SURFHHGLQJV ZRXOG EH OHJDOO\YDOLGDFFRUGLQJWR+DR-LH )(6&2¶VEXVLQHVVVXSHUYLVRU ³'XH WR GLIIHUHQW FXOWXUDO EDFNJURXQGVDQGOHJDOV\VWHPV IRUHLJQ LQYHVWRUV XVHG WR PLV XQGHUVWDQG &KLQHVH ODZV DQG UHJXODWLRQV DERXW SURWHFWLQJ HPSOR\HHV´ ;LDR /LQJXDQJ FKDLUPDQRIWKHZRUNHUV¶XQLRQ RI)(6&2VDLGDWWKHSUHVVFRQ IHUHQFH VHHNLQJ WR H[SODLQ WKH ULVLQJQXPEHURIGLVSXWHV )RXQGHG LQ  )(6&2 SURYLGHV KXPDQ UHVRXUFHV OHJDO DGYLFH DQG FRQVXOWDQF\ WRIRUHLJQHQWHUSULVHV LQ %HLMLQJ ,W KDV SDUWLFLSDWHG LQ VROYLQJ ODERU GLVSXWHV IRU WKUHHGHFDGHV ³:H VWURQJO\ VXJJHVW RXU PHPEHUV EULQJ WKHLU GLVSXWHV WR XV IRU VHWWOHPHQW EHIRUH JRLQJ WR DUELWUDWLRQ DQG WKH FRXUWV´ +DR VDLG ³,W FDQ JUHDWO\UHGXFHWKHVWUDLQRQWKH FRXQWU\¶VVRFLDOUHVRXUFHV´ 7KHUH DUH DV PDQ\ DV  PLOOLRQ ZRUNHUV ZRUNLQJ LQ  PLOOLRQ IRUHLJQLQYHVWHG HQWHU SULVHV DQG FRPSDQLHV LQ WKH FRXQWU\DFFRUGLQJWRWKH&KLQD $VVRFLDWLRQRI(QWHUSULVHVZLWK )RUHLJQ ,QYHVWPHQW &$)(,  DQDJHQF\XQGHUWKH0LQLVWU\RI &RPPHUFH 3UHVVXUH ZRUNORDGV ORZ SD\ FRQIOLFWV VH[XDO KDUDVV PHQWOD\RIIVDQGZHOIDUHKDYH EHHQ DW WKH FHQWHU RI PDQ\ UHFHQWODERUGLVSXWHV ,Q WKH QRWRULRXV H[DPSOH RI)R[FRQQWKHZRUOG¶VODUJHVW ,7PDQXIDFWXUHUIURP7DLZDQ  \RXQJ HPSOR\HHV FRPPLW WHGVXLFLGHDW)R[FRQQ¶V6KHQ ]KHQGRUPLWRU\ )R[FRQQKDVWKUHHGRUPFRP SRXQGVRQWKH&KLQHVHPDLQODQG (DFK KDV  WR  \RXQJ HPSOR\HHV 7KH UHDVRQV EHKLQG WKH GHDWKV DUH FRPSOL FDWHG DQG VHHP WR EH D FRPEL QDWLRQRIORYHSUHVVXUHORZSD\ DQGRYHUZRUN 6LQFH WKH GHDWKV )R[FRQQ ZLWKGUHZ IURP 6KHQ]KHQ DQG RSHQHG D QHZ ZRUNHU GRUPLQ=KHQ]KRX+HQDQ3URY LQFH KRSLQJ WR HDVH SUHVVXUH DQGHVFDSHPHGLDDWWHQWLRQ 7KHJRYHUQPHQWVXSSRUWVWKH FUHDWLRQRIGLVSXWHVHWWOLQJSDQHOV LQVLGHHDFKHQWHUSULVHDQGLQGXV WU\,QD6RXWK.RUHDQVKRH PDNHU LQ 'DOLDQ VHW XS WKH ¿UVW LQWUDFRPSDQ\DUELWUDWLRQSDQHO ³7KH EHVW PRYH LV WR FUHDWH DXQLRQLQHDFKFRPSDQ\´7DQJ *XR[LRQJDODZ\HUDWWKH*XDQJ ]KRXEDVHG *XRURQJ /DZ\HU 2I¿FH VDLG ³6R WKHQ WKH ¿UVW VWHSZRXOGEHWRDOORZXQLRQV´



"%)*).'4/$!9

7ORMCOMPOSTSINNEED OFSORTINGREGULATIONS

&%3#/TO HELPSETTLE LABORDISPUTES


$XJXVW

)HDWXUH



3/3ORPHANVILLAGECONTINUESTO HEMORRHAGEMOMS %\/L=KL[LQ

"EIJING 3/3 #HILDRENS 6IL LAGE PUT OUT THE WORD LAST -ONDAY THAT IT IS LOOKING FOR NEWMOMS 4HE ADVERTISEMENT POSTED ON THE -UNICIPAL #IVIL !FFAIRS "UREAUSHOMEPAGE MARKSTHE SEVENTH TIME THE VILLAGE HAS SEARCHEDFORNEWWORKERSSINCE OPENINGONEYEARAGO 6ILLAGE ORGANIZERS INITIALLY PLANNEDTORECRUITMOMSAND SIX ASSISTANTS WHEN IT OPENED BUTITHASYETTORETAINTHATMANY ELIGIBLEPARENTS

"%)*).'4/$!9

%DITORS9U3HANSHAN,I:HIXIN$ESIGNER$ENG.ING

-OMSMOVINGON )DQ 3XIDQJ SVHXGRQ\P   SOHGJHG WR EULQJ XS D JHQHUDWLRQ RIFKLOGUHQLQWKHYLOODJHZKHQVKH MRLQHGWKHVWDIIEXWVKHZLOOEHOHDY LQJQH[WPRQWK 6KH ZDV RQH RI WKH ¿UVW PRPV KLUHGE\WKHYLOODJHZKHQLWRSHQHG ODVW-XO\ +DYLQJ JURZQ XS LQ D VLQJOH SDUHQWIDPLO\)DQVDLGVKHNQRZV WKH LPSRUWDQW UROH RI D PRWKHU LQ WKHOLIHRIDFKLOG+HURZQH[SHUL HQFHV JURZLQJ XS OHG KHU WR DSSO\ HQWKXVLDVWLFDOO\WRWKH¿UVWUHFUXLW PHQWGULYH $VDPRP)DQKRSHGWRPDNHD GLIIHUHQFHLQWKHFKLOGUHQ¶VOLYHV +HU ZRUN LQ WKH YLOODJH ZDV WR WDNH FDUH RI GDLO\ OLIH GHYHORS UHFLSHV WKDW PHW WKH FKLOGUHQ¶V QXWULWLRQDO UHTXLUHPHQWV UHFRUG WKHFRVWRIHDFKFKLOG¶VOLYLQJDQG HGXFDWHWKHFKLOGUHQDFFRUGLQJWR WKHLUQHHGV +HU FROOHDJXHV VDLG )DQ ORYHG FKLOGUHQ YHU\ PXFK DQG ZDV D PRGHO RI SURIHVVLRQDOLVP DQG UHVSRQVLELOLW\%XWDVPRUHRUSKDQV ZHUHVHQWWRWKHYLOODJHKHUZRUN ORDGZDVEXPSHGIURPUDLVLQJWZR FKLOGUHQWR¿YH 7KUHHPRQWKVDJRZDVWKH¿UVW WLPH VKH WKRXJKW DERXW TXLWWLQJ $V VKH LV VWLOO VLQJOH KHU HOGHUO\ PRWKHU KDV EHHQ SXVKLQJ KHU WR JHW PDUULHG +RZHYHU 626 SUH YHQWV LWV PRPV IURP PDUU\LQJ ZKLOHXQGHUFRQWUDFW ³,GRQ¶WZDQWWRDEDQGRQWKHVH FKLOGUHQ EXW , KDYH WR ORRN DIWHU P\ PRWKHU DQG FRQVLGHU P\ RZQ IXWXUH , DP QRW WKDW \RXQJ DQ\ PRUH´VKHVDLG 7KHVH VDPH FRQFHUQV KDYH GULYHQ PDQ\ RI )DQ¶V FROOHDJXHV WRTXLW )RXU PRPV OHIW WKH YLOODJH GXULQJ WKH ODVW \HDU WR PDUU\ RU FDSLWXODWHWRWKHLUIDPLO\¶VGHPDQGV WKDWWKH\OHDYHWKHYLOODJH ³(DFK QHZ PRP ORYHV KHU MRE DQG LQWHQGV WR VWLFN ZLWK LW EXW LW FDQ EH KDUG WR UHVLVW SUHVVXUH IURP SDUHQWV DQG UHODWLYHV ZKR FDQ¶WXQGHUVWDQGZK\WKH\KDYHWR VWD\VLQJOH7KHLUUHODWLYHVFULWLFL]H WKHPIRUKDYLQJSK\VLFDORUSV\FKR ORJLFDO SUREOHPV´ VDLG -LQ /LQGH KHDGRIWKHYLOODJH ³6R ZH FDQ WRWDOO\ XQGHUVWDQG RXU HPSOR\HHV ,I WKH\ FKRRVH WR OHDYH ZH ZLOO UHVSHFW WKHLU GHFL VLRQ´ KH VDLG ³:H KDYH JURZQ XVHGWRLW´

0RPVDQGDVVLVWDQWVZKRPDUU\RUKDYHDFKLOGKDYHWRWHUPLQDWHLPPHGLDWHO\WKHLUZRUNDWWKHYLOODJH

:HUIXING#&00HOTO

3TRICTRULESATURN OFF -LQVDLGKHKRSHG)DQFRXOGVWD\DQG ZRUNORQJHUDVKHUOHDYLQJZLOODJJUDYDWH WKHDOUHDG\H[WUHPHVKRUWDJHRIPRPVLQ WKHYLOODJH ³>, KRSH VKH FDQ VWD\@ QRW RQO\ EHFDXVH)DQLVDUHVSRQVLEOHDQGWHQGHU PRP EXW EHFDXVH LW LV UHDOO\ KDUG WR UHFUXLWVXFKTXDOLILHGPRPVDQGDVVLV WDQWV´KHVDLG $OWKRXJK WKH YLOODJH UHFHLYHG PRUH WKDQ  UHVXPHV GXULQJ HDFK UHFUXLW PHQW SHULRG IHZHU WKDQ  DSSOLFDQWV VKRZHGXSWRHDFKLQWHUYLHZ7KHH[DPV DQG SV\FKRORJLFDO WHVWV HOLPLQDWHG PRVW RIWKHUHPDLQLQJDSSOLFDQWV

³:H KDYH KDG VHYHQ UHFUXLWPHQW GULYHVGXULQJWKHODVW\HDUEXWPRVWDSSOL FDQWV DUH SXW RII E\ RXU VWULFW UHTXLUH PHQWV´KHVDLG :RUN DV D PRP RU DVVLVWDQW LV KDUG DQG UHTXLUHV HPSOR\HHV WR EH WRJHWKHU ZLWKWKHFKLOGUHQDOO\HDUDURXQGH[FHSW GXULQJ WKH GD\ \HDUO\ YDFDWLRQ KH VDLG&KLOGUHQZLWKPHQWDOKDQGLFDSVFDQ UHTXLUHHYHQPRUHWLPHDQGDWWHQWLRQ %XW WKH QXPEHU RQH WKLQJ SUHYHQW LQJWKHKLULQJRIQHZPRPVDQGFDXVLQJ WKH ORVV RI FXUUHQW RQHV LV D UXOH WKDW DOO PRPV DQG DVVLVWDQWV PXVW EH VLQJOH DQG ZLWKRXW D FKLOG 0RPV DQG DVVLV

WDQWVZKRPDUU\RUKDYHDFKLOGDUHWHU PLQDWHGLPPHGLDWHO\  ³7KH UXOH LV LQWHQGHG WR HQVXUH WKDW PRPV DQG DVVLVWDQWV GHYRWH DOO WKHLU HQHUJ\ DQG ORYH WR WKH RUSKDQV WR JLYH WKHPDUHDOIDPLO\H[SHULHQFH%XWLQUHDO OLIHWKLVUXOHLVVLPSO\LQFRPSDWLEOHZLWK KXPDQQDWXUH´KHVDLG $OWKRXJKWKHYLOODJHZDQWVWRFKDQJH WKHUXOHLWFDQ¶W %HFDXVH %HLMLQJ 626 &KLOGUHQ¶V 9LO ODJHLVSDUWRIDQLQWHUQDWLRQDOFRRSHUDWLRQ SURMHFW ZLWK WKH $XVWULDEDVHG 626 &KLO GUHQ ,QWHUQDWLRQDO LW PXVW DELGH E\ WKH UXOHVDQGUHJXODWLRQVRILWVKHDGTXDUWHUV

/UTDATEDREGULATIONS 7KHYLOODJHKDVWZRVWRU\EXLOGLQJV HDFK ZLWK RQH IDPLO\ 7KH YLOODJH VXS SRUWV WKH FKLOGUHQ XQWLO WKH\ ¿QLVK WKHLU FRPSXOVRU\HGXFDWLRQ 6WXGHQWV DGPLWWHG WR FROOHJH DUH HOL JLEOH IRU FRQWLQXHG VXSSRUW 7KRVH ZKR GRQ¶W PDNH WKH FXW ZLOO EH HQUROOHG LQ D WUDGHVFKRROWROHDUQKRZWRPDNHDOLYLQJ RQWKHLURZQ  8QOLNH ZHOIDUH KRPHV ZKLFK UDLVH RUSKDQVDVDJURXSWKHFKLOGUHQ¶VYLOODJH DLPVWRPRUHFORVHO\HPXODWHWKHH[SHUL HQFHRIDKRPHOLIH &KLOGUHQ¶VYLOODJHKDVGHYHORSHGUDS LGO\LQWKHWZRGHFDGHVVLQFHWKH&KLQHVH 0LQLVWU\RI&LYLO$IIDLUVUHDFKHGDFRRS HUDWLYH DJUHHPHQW ZLWK 626 &KLOGUHQ ,QWHUQDWLRQDOLQ7KHUHDUH626 FKLOGUHQ¶VYLOODJHVLQ&KLQDWRGD\ %XW WKH PRP VKRUWDJH PD\ HQVXUH WKHUHLVQRIXWXUHH[SDQVLRQ %HLMLQJ 626 &KLOGUHQ¶V 9LOODJH ZDV GHVLJQHG ZLWK D FDSDFLW\ IRU  EXW LW RQO\KDVHQRXJKPRPVIRU³7KHUHDUH VXSSRVHGWREHDQRWKHURUSKDQVVHQW KHUH E\ WKH HQG RI WKH \HDU EXW , GRQ¶W NQRZ LI ZH¶OO EH DEOH WR UHFUXLW HQRXJK PRPV´-LQVDLG 3UHYLRXVO\ WKH YLOODJH ZDV RSHQ WR RUSKDQV ERUQ LQ %HLMLQJ 1RZ LW LV DOVR

0RPVPXVWOLYHZLWKWKHFKLOGUHQDOOWKH WLPH H[FHSW GXULQJ WKH GD\ \HDUO\ YDFDWLRQ RSHQWRWKHVXUURXQGLQJSURYLQFHVVLQFH PRVW%HLMLQJRUSKDQVDUHUDLVHGE\WKHLU VXUYLYLQJUHODWLYHV %HLMLQJ 626 &KLOGUHQ¶V 9LOODJH LV QRW WKHRQO\RQHKDYLQJSUREOHPVZLWKUHFUXLW PHQWDWDMRLQWPHHWLQJRIDOO626&KLO

GUHQ¶VYLOODJHVVHYHUDOPRQWKVDJRHYHU\ YLOODJHKHDGUHSRUWHGWKHVDPHSUREOHP 7KH  YLOODJHV KDYH ¿OHG D MRLQW UHTXHVW ZLWK WKH $VVRFLDWLRQ RI &KLQD¶V 626&KLOGUHQ9LOODJHVWRZDLYHWKHUXOHDV VRRQDVSRVVLEOH ³7KH FRQVWLWXWLRQ RI 626 &KLOGUHQ ,QWHUQDWLRQDOLVPRUHWKDQ\HDUVROG VR VRPH RI LWV UXOHV UHDOO\ GRQ¶W ¿W WKH UHDOLW\RIOLIHLQPRGHUQVRFLHW\´VDLG%DL <LKXDWKHFKDLUPDQRIWKH$VVRFLDWLRQRI &KLQD¶V626,QWHUQDWLRQDO9LOODJHV ³,WLVXQUHDVRQDEOHWRUHTXLUHPRPVWR VWD\ VLQJOH IRUHYHU 7KLV FRXOG FDXVH WKHP WRGHYHORSWKHLURZQPHQWDOSUREOHPVWKDW ZRXOGDIIHFWWKHRUSKDQV¶JURZWK´%DLVDLG ³7KLVGLI¿FXOW\LQUHFUXLWLQJPRPVLV DSUREOHPVKDUHGE\HYHU\YLOODJHDURXQG WKHZRUOG´KHVDLG 2QH LGHD ZRXOG EH WR H[SDQG WKH UDQJH RI SRWHQWLDO FDQGLGDWHV WR LQFOXGH  WR \HDUROG ZRPHQ 7KRVH ZKR KDYHDOUHDG\PDUULHGDQGKDGFKLOGUHQRI WKHLURZQPD\EHPRUHH[SHULHQFHGDQG FDSDEOHRIUDLVLQJWKHRUSKDQV%DLVDLG 626&KLOGUHQ,QWHUQDWLRQDOLVFRQVLG HULQJ UHIRUPLQJ LWV UXOHV 7KH &KLQHVH DVVRFLDWLRQRI626YLOODJHVKRSHVWRSUHV HQW LWV FDVH DORQJ ZLWK GDWD IURP DOO  YLOODJHVEHIRUHUHIRUPVDUH¿QDOL]HG


"%)*).'4/$!9

$GYHUWLVHPHQW

$XJXVW




$XJXVW

%XVLQHVV



,OOSENEDYUANBONDMARKET -C$ONALDSSETSBENCHMARKFOR#HINAWITHYUANBONDSALE -C$ONALDS#ORPSYUANBONDSALE THElRSTBYAFOREIGNCOMPANYIN(ONG+ONG MAYPAVE THEWAYFORANEWGLOBALDEBTMARKETAS#HINASEEKSTOCAPITALIZEONITSSTATUSASTHEENGINEOF THEWORLDSECONOMICRECOVERY 0F'RQDOG¶V ZKLFK RSHQHGLWV¿UVWUHVWDX UDQWV IDVWHU LQ &KLQD WKDQ LQ DQ\RWKHUFRXQWU\RXWVLGHWKH 86VROGPLOOLRQ\XDQRI SHUFHQWQRWHVGXHLQ6HSWHP EHU%HQWRQYLOOH$UNDQ VDVEDVHG :DO0DUW 6WRUHV WKH ZRUOG¶V ODUJHVW UHWDLOHU VDLGLQ0DUFKLWZDVFRQVLGHU LQJVHOOLQJERQGVLQ\XDQ $V WKH IDVWHVWJURZLQJ PDMRU HFRQRP\ &KLQD FKDQJHG LWV UXOHV LQ )HEUX DU\WROHWIRUHLJQFRPSDQLHV LVVXH \XDQGHQRPLQDWHG ERQGV WKURXJK +RQJ .RQJ WRVWUHQJWKHQLWVSRVLWLRQDV D ¿QDQFLDO FHQWHU DQG SUR PRWH WKH &KLQHVH FXUUHQF\ IRUJOREDOFRPPHUFH <XDQ ERQGV LVVXHG E\ &KLQHVH FRPSDQLHV KDYH UHWXUQHGSHUFHQWWKLV\HDU WKHLUEHVWSHUIRUPDQFHVLQFH  DFFRUGLQJ WR D %DQN RI $PHULFD 0HUULOO /\QFK LQGH[ WUDFNLQJ  WULOOLRQ \XDQRIGHEW ³7KLVLVJRLQJWREHFRPH D SRSXODU WUHQG´ VDLG 'RQDOG 6WUDV]KHLP D /RV $QJHOHVEDVHGVHQLRUPDQ DJLQJ GLUHFWRU DQG KHDG RI &KLQD UHVHDUFK DW ,QWHUQD WLRQDO 6WUDWHJ\  ,QYHVW PHQW *URXS ³7KHUH DUH KXQGUHGV RI JOREDO FRPSD QLHV ZDQWLQJ WR GR PRUH EXVLQHVVLQ&KLQDDQGWKH\ ZLOO ZDQW WR EH LQYROYHG LQ WKH FRXQWU\¶V HYROYLQJ FUHGLWPDUNHW´

"%)*).'4/$!9

%DITOR(UANG$AOHEN$ESIGNER$ENG.ING

%LJ%DQJ 2DN %URRN ,OOLQRLV EDVHG0F'RQDOG¶VLVVXHWKH ¿UVWE\DQRQ¿QDQFLDOFRP SDQ\IURPRXWVLGH&KLQDDQG +RQJ .RQJ IROORZV D  ELOOLRQ\XDQGHDOE\*RUGRQ :X¶V +RSHZHOO +LJKZD\ ,QIUDVWUXFWXUH%DQNRI(DVW $VLDDQG+6%&¶V&KLQDXQLW EHFDPH WKH ¿UVW QRQ&KL QHVH EDQNV WR VHOO \XDQ ERQGV LQ  %ORRPEHUJ GDWDVKRZ &KLQD LV RQ WKH FXVS RI D³ELJEDQJ´RIUHIRUPVWKDW ZLOO JLYH IRUHLJQ LQYHVWRUV JUHDWHU DFFHVV WR FDSLWDO PDUNHWV 1RPXUD +ROGLQJV DQDO\VWVOHGE\+RQJ.RQJ EDVHG6HDQ'DUE\ZURWHLQD UHSRUWRQ$XJXVW (OVHZKHUHLQFUHGLWPDU NHWV D JDXJH RI 86 FRUSR UDWH FUHGLW ULVN URVH WR WKH KLJKHVWLQDPRQWKDIWHUGDWD \HVWHUGD\ VSXUUHG FRQFHUQ WKH HFRQRPLF UHERXQG PD\ EHÃ&#x20AC;DJJLQJ7KH0DUNLW&'; 1RUWK $PHULFD ,QYHVWPHQW *UDGH,QGH[6HULHVZKLFK LQYHVWRUV XVH WR KHGJH DJDLQVW ORVVHV RQ FRUSRUDWH GHEWRUWRVSHFXODWHRQFUHGLW ZRUWKLQHVVFOLPEHGEDVLV SRLQWVWRDPLGSULFHRI EDVLVSRLQWVDVRISP LQ 1HZ <RUN DFFRUGLQJ WR

0DUNLW*URXS

*URZWKLQ&KLQD ³7KLV JLYHV XV DFFHVV WR QHZ IXQGLQJ WR VXSSRUW JURZWK LQ &KLQD´ VDLG /LVD +RZDUGDVSRNHVZRPDQIRU WKHUHVWDXUDQWFKDLQ³:HDUH YHU\FRQ¿GHQWLQWKH&KLQHVH PDUNHW DQG KDYH D VWURQJ SODQWRJURZRXUEXVLQHVVLQ &KLQD´ )LWFK 5DWLQJV JDYH WKHPLOOLRQ\XDQGHEWD *UDGH $ UDQNLQJ LWV VL[WK KLJKHVWLQYHVWPHQWJUDGH 0RQH\UDLVHGZLOOSURYLGH ZRUNLQJFDSLWDOIRUH[SDQVLRQ LQ&KLQDZKHUHWKHFRPSDQ\ ZLOORSHQDVPDQ\DVUHV WDXUDQWVWKLV\HDUDFFRUGLQJ WRWKHVWDWHPHQW ³&RQVXPHU GHPDQG LV VWURQJ LQ WKDW SDUW RI WKH ZRUOG DQG WKHUH¶V RSSRUWX QLW\WRRSHQXSPRUHVWRUHV LQVRPHRIWKHPRUHLQODQG W\SH FLWLHV ,W VHHPV OLNH D JRRG PRYH RQ 0F'RQDOG¶V SDUW´ VDLG 1LFKRODV 5HLWHQ EDFK1HZ<RUNEDVHGVHQLRU LQWHUQDWLRQDOSRUWIROLRPDQ DJHU DW :LONLQVRQ 2¶*UDG\ ZKLFKKDVDERXWELOOLRQ ELOOLRQ\XDQ LQDVVHWV

&XUUHQF\VSHFXODWLRQ $PDUNHWLQ\XDQGHQRP LQDWHG GHEW LVVXHG E\ IRU HLJQ FRPSDQLHV ZRXOG JLYH LQYHVWRUV WKH FKDQFH WR VSHFXODWH RQ &KLQD¶V FXU UHQF\ ZKLFK HFRQRPLVWV H[SHFW WR VWUHQJWKHQ VDLG *HRUJ*URG]NLKHDGRIFUHGLW UHVHDUFK DW /HJDO  *HQHUDO ,QYHVWPHQW0DQDJHPHQW ³)RU PDQ\ LQYHVWRUV WKLV W\SH RI SURGXFW ZRXOG EHPRUHDSSHDOLQJDQGVXLW DEOH WKDQ &KLQHVH FRUSR UDWH FUHGLW ULVN DQG DOPRVW DOORZVDSXUHFXUUHQF\SOD\ ZLWK WKH EHQH¿W RI VRPH H[WUD \LHOG´ VDLG /RQGRQ EDVHG *URG]NL ZKR KHOSV RYHUVHH  ELOOLRQ RI LQYHVWPHQWV ³/LTXLGLW\ LQ FRUSRUDWH \XDQ GHEW UHPDLQV WR EH WHVWHG DQG FXUUHQF\ FRQ YHUWLELOLW\ PD\ FDXVH LVVXHV ,QYHVWRUVVKRXOGEHPLQGIXO RI VXFK ULVNV DQG SUHSDUH D SODQ%´ &KLQD LV VHHNLQJ WR EURDGHQ XVH RI WKH \XDQ D PRYH WKDW EHJDQ ZLWK DSSURYLQJ WKH FXUUHQF\ WR VHWWOHFURVVERUGHUWUDGHZLWK +RQJ.RQJLQ-XQH 7KH FHQWUDO EDQNV RI &KLQDDQG+RQJ.RQJVLJQHG DJUHHPHQWVRQ-XO\WRHDVH UHVWULFWLRQV RQ \XDQ WUDQV IHUVEHWZHHQEDQNVDQGFRP SDQLHV LQ WKH FLW\ DQG DOVR DJUHHG WKH H[FRORQ\ ZRXOG KDYHQRUHVWULFWLRQVRQ\XDQ GHSRVLW KROGHUV WUDQVIHUULQJ FDVKWREX\ZHDOWKPDQDJH PHQWSURGXFWV $JHQFLHV

0F'RQDOG¶VKDVH[SDQGHGIDVWHULQ&KLQDWKDQDQ\ZKHUHRXWVLGHWKH86 )#0HOTO

0DUNHWZDWFK

&LWLJURXS+6%&DQG&,0%VHHN &KLQDERQGWUDGLQJOLFHQVH &LWLJURXS +6%& DQG &,0% *URXS SODQ WR DSSO\ WR LQYHVW LQ \XDQERQGVIROORZLQJWKH3HRSOH¶V %DQNRI&KLQD¶VGHFLVLRQWRRSHQ LWVLQWHUEDQNGHEWPDUNHW $QGUHZ $X WKH 6KDQJKDL EDVHG FKLHI H[HFXWLYH RI¿FHU RI &LWLJURXS¶V&KLQHVHXQLWVDLGWKH EDQN LV ZRUNLQJ RQ WKH GRFX PHQWVUHTXLUHGIRUXQLWVRXWVLGH &KLQD WR LQYHVW LQ WKH PDUNHW +6%&LVVWXG\LQJDSSOLFDWLRQSUR FHGXUHVLWVDLG /HH .RN .ZDQ GHSXW\ FKLHI H[HFXWLYHRI.XDOD/XPSXUEDVHG &,0% 0DOD\VLD¶V VHFRQGODUJHVW EDQNLQJ JURXS VDLG KLV FRPSDQ\ LQWHQGVWRDSSO\7KH+RQJ.RQJ 0RQHWDU\$XWKRULW\VDLGLWLVLQYHV WLJDWLQJGHWDLOVRIWKHSURJUDP 2YHUVHDVGHPDQGIRUWKH\XDQ KDVJURZQVLQFH&KLQDHQGHGWKH \XDQ¶V WZR\HDU GROODU SHJ RQ -XQHJLYLQJWKHFXUUHQF\URRP WRDSSUHFLDWH7KH3%2&VDLGRQ $XJXVW  LW ZRXOG OHW RYHUVHDV ¿QDQFLDOLQVWLWXWLRQVLQYHVW\XDQ

KROGLQJV LQ WKH QDWLRQ¶V LQWHU EDQN ERQG PDUNHW WR SURPRWH JUHDWHUXVHRIWKH\XDQLQJOREDO WUDGHDQG¿QDQFH ³7KHUHZLOOEHDOHYHORILQWHU HVW RQ WKH SDUW RI FHQWUDO EDQNV DQGIRUHLJQSDUWLFLSDQWV´$XVDLG LQ D SKRQH LQWHUYLHZ \HVWHUGD\ ³&KLQDLVDOUHDG\WKHZRUOG¶VVHF RQGODUJHVW HFRQRP\ EDVHG RQ JRYHUQPHQW GDWD LQ WKH VHFRQG TXDUWHU ,W ZRXOG EH ORJLFDO IRU D ORW RI LQWHUQDWLRQDO SOD\HUV WR EH LQWHUHVWHG´ 7KH 3HRSOH¶V %DQN RI &KL QD¶V GLGQ¶W UHSO\ WR D ID[ IURP %ORRPEHUJVHHNLQJPRUHGHWDLOV RQWKHOLFHQVLQJSURFHGXUHVDQG WKH EDQNV WKDW KDYH VXEPLWWHG DSSOLFDWLRQV &LWLJURXS DQG &UHGLW $JULFROH &,%VDLGRQ$XJXVWWKDW&KLQD RSHQLQJ XS LWV ERQG PDUNHW WR IRUHLJQEDQNVZRXOGHQKDQFHWKH FXUUHQF\¶VSRWHQWLDODVDIRUHLJQ H[FKDQJHUHVHUYHDVVHW  $JHQFLHV

#OMPANY PROPOSES$BUS TOBEATJAMS %\+XDQJ'DRKHQ 7R EHDW LQFUHDVLQJ WUDI¿F FRQ JHVWLRQ DQG FDUERQ HPLVVLRQV D 6KHQ]KHQFRPSDQ\LVSXWWLQJIRU ZDUGDQHZVROXWLRQDYHKLFOHWKDW UXQVDERYHDOORWKHUV &DOOHGD³VWUDGGOLQJEXV´WKH IXWXULVWLFYHKLFOHLVH[WUDZLGHDQG WDOODQGWDNHVXSQRURDGVSDFHDV LWVSDVVHQJHUFRPSDUWPHQWDOORZV FDUVWRSDVVXQGHUQHDWKLWVGHYHO RSHU 6KHQ]KHQ +XDVKL )XWXUH 3DUNLQJ(TXLSPHQWVDLG 7KHEXVVSDQVWZRWUDI¿FODQHV DQG UXQV RQ VRODU DQG HOHFWULF SRZHU JHQHUDWHG E\ SDQHOV RQ LWV URRI,WWUDYHOVDWDQDYHUDJHVSHHG RINLORPHWHUVSHUKRXU 7KHEXVZRXOGEHJUHHQXQDI IHFWHGE\FRQJHVWLRQDQGUHTXLUHV IDUOHVVWREXLOGWKDQDOLJKWUDLORU VXEZD\V\VWHP 6RQJ <RX]KRX SUHVLGHQW RI +XDVKL DQG RZQHU RI WKH VXSHU EXV¶ SDWHQW VDLG WKH SURMHFW LV H[SHFWHGWRUHGXFHWUDI¿FMDPVE\ WRSHUFHQWRQPDMRUURDGV 6RQJZKRFDOOHGWKHEXVWKH³' ([SUHVV´ VDLG WKH LGHD FDPH WR KLPZKHQKHZDVVWXFNLQDWUDI¿F MDPODVW\HDU ³:K\ LVQ¶W WKHUH D YHKLFOH RQ WKHURDGVGULYLQJRYHUWKHRWKHUV" 7KHUHLVVRPXFKVSDFHDERYHXV´ 6RQJVDLG 6RQJ¶V ' ([SUHVV GHEXWHG DW WKH %HLMLQJ ,QWHUQDWLRQDO +LJK7HFK ([SR LQ 0D\ DQG JDLQHGSXEOLFDWWHQWLRQ7KRXJK WKHSURMHFWVWLOOKDVDIHZWHFKQL FDOSUREOHPVWRRYHUFRPH6RQJ VDLGKHUHFHLYHGPDQ\LQTXLULHV IURP WUDQVSRUW RIILFLDOV LQ VHY HUDOFRXQWULHV %HLMLQJZLOOEHWKH¿UVWFLW\WR WHVW WKH SURMHFW 0HQWRXJRX 'LV WULFWVDLGLWSODQVWRVWDUWEXLOGLQJ DNLORPHWHUURXWHWKLV\HDU ³7KHGHVLJQLVLQOLQHZLWKRXU FRQFHSW RI JUHHQ WUDQVSRUWDWLRQ DQG RXU YLVLRQ RI WKH IXWXUH´ VDLG DQ RI¿FLDO VXUQDPHG =KDQJ LQ WKH GLVWULFW ³7KRXJK ZH DUH VWLOOZDLWLQJRQDSSURYDOIURPWKH PXQLFLSDO JRYHUQPHQW ZH KRSH WR VWDUW FRQVWUXFWLRQ DQG RSHUD WLRQDVVRRQDVSRVVLEOH´ =KDQJ VDLG D NLORPHWHU URXWH ZLOO EH SXW LQ SODFH DFURVV WKHFLW\LIWKHWHVWLVVXFFHVVIXO +XDVKLVDLGWKHFRVWRIFRQ VWUXFWLRQ LV DERXW  PLOOLRQ \XDQIRUDPLOHQHWZRUN7KH YHKLFOHV ZLOO EH EXLOW E\ WKH &KLQD 6RXWK /RFRPRWLYH DQG 5ROOLQJ6WRFN 1RWHYHU\RQHLVFRQYLQFHGWKH SURMHFWLVRSHUDWLRQDOO\DQGFRP PHUFLDOO\ YLDEOH ³7KH QRWLRQ RI FDUV SURFHHGLQJ XQGHUQHDWK D PRYLQJ EXV VRXQGV FUD]\ 7KH VXFFHVVRIWKHSURMHFWLVLQODUJH SDUW GHSHQGHQW RQ WKH ZLOOLQJ QHVV RI GULYHUV WR DFWXDOO\ GULYH XQGHU WKH EXV´ VDLG :DQJ -LQ DQHGLWRUDW$XWRPDJD]LQH ³7KHRQHWKLQJ\RXFDQ¶WFRQ WUROLVRWKHUGULYHUVRQWKHURDG DQG WKH\ DUH WKH ELJJHVW ULVN´ KHVDLG

5HQGHULQJRIWKHEXVRQWKHURDG


$XJXVW

7ARREN "UFFETT LEFT AND "ILL 'ATES ARE DUE IN #HINA TO PRESS THE WEALTHY TO DONATEMORE $ANIEL'LUSHOTER#&00HOTO 7KHPRYHFRPHVDIWHUWKHUHOHDVHRIDOLVW RIULFKGRQRUVZKRSOHGJHGWRJLYHPRUH WKDQKDOIRIWKHLUIRUWXQHWRFKDULW\,Q-XQH %XIIHWWDQG*DWHVODXQFKHGDSURMHFWFDOOHG ³7KH *LYLQJ 3OHGJH´ FDOOLQJ WKH ZHDOWKLHVW LQGLYLGXDOV DQG IDPLOLHV LQ WKH 86 WR JLYH DZD\WKHPDMRULW\RIWKHLUZHDOWK :HDOWK\ LQGLYLGXDOV ± LQFOXGLQJ &11 IRXQGHU 7HG 7XUQHU DQG 1HZ <RUN &LW\ PD\RU 0LFKDHO %ORRPEHUJ ± KDYH VLJQHG WKHSOHGJH$)3VDLG ,Q D SUHVV EULH¿QJ HDUOLHU WKLV PRQWK %XIIHWWVDLGKHZLOOPHHWZLWKDODUJHJURXS RI ZHDOWK\ &KLQHVH SHRSOH ³7KDW¶V MXVW WR

H[SODLQLWWRSHRSOHLQWKRVHFRXQWULHVDQG PD\EH JLYH D OLWWOH ELW RI RXU H[SHULHQFH $QG LI WKH\ ZLVK WR WDNH ZKDW ZH WKLQN LV DJRRGLGHDDQGUXQZLWKLWZH¶OOEHFKHHU LQJ´$)3TXRWHG%XIIHWDVVD\LQJ $FFRUGLQJ WR )RUEHV PDJD]LQH &KLQD KDV WKH VHFRQG KLJKHVW QXPEHU RI ELOOLRQ DLUHVLQWKHZRUOGDIWHUWKH867KLV\HDU¶V OLVW LQFOXGHG  &KLQHVH ZLWK  IURP PDLQODQGIURP+RQJ.RQJDQGIURP 7DLZDQ +RZHYHU GXH WR FXOWXUDO GLIIHUHQFHV EHWZHHQ&KLQDDQGWKH86PDQ\GRXEWWKH WZR$PHULFDQVZLOOSHUVXDGHDQ\RQH

&RPPHQW 1HZVWDWXVIRUZHDOWK\ ,Q &KLQD DQG DFURVV WKH ZRUOG EHLQJ ZHDOWK\LVDERXWKRZPDQ\SURSHUWLHVRU FDUVRQHKDV%XWDVGR]HQVRI$PHULFDQELO OLRQDLUHVSOHGJHWRJLYHDZD\WKHLUZHDOWK IROORZLQJ %XIIHW¶V OHDG PRUH SHRSOH ZLOO HQJDJHLQSKLODQWKURS\DQGLWZLOOEHFRPH DWUHQG 3KLODQWKURS\ ZLOO EH WKH QHZ VWDWXV V\PERO IRU WKH ULFK ,Q WKH IXWXUH JLYLQJ PRQH\ DZD\ ZLOO EH VRPHWKLQJ RI UHDO LPSRUWDQFHWRWKHULFK ±-DPHV$FNHUPDQDFFRXQWDQW &RPSDQ\FRPHV¿UVW ,WZLOOEHGLI¿FXOWWRDVN&KLQHVHHQWUH SUHQHXUVWRGRQDWH&KLQD¶VHFRQRP\LVVWLOO LQLWVHDUO\GHYHORSPHQWVWDJHVDQGPDQ\ SULYDWHFRPSDQLHVRZQHGE\ZHDOWK\&KL QHVHDUHVWLOODWWKHORZHQGRIWKHJOREDO SURGXFWLRQFKDLQ<RXFDQQRWH[SHFWWKHVH ULFK HQWUHSUHQHXUV WR JLYH DZD\ WKHLU PRQH\EHFDXVHWKH\QHHGWRNHHSWKHIXQGV DQGUHLQYHVWWKHPLQWKHLUEXVLQHVV 7RPRVWZHDOWK\EXVLQHVVPHQH[SDQG LQJWKHLUFRPSDQLHVDOZD\VFRPHVEHIRUH FKDULWLHV ±+XDQJ6KHQJKHEXVLQHVVPDQ 'LVPDOHIIHFW %XIIHWW DQG *DWHV PD\ EH GLVDS

SRLQWHG 2I FRXUVH WKHLU YLVLW ZLOO EH ZDUPO\ UHFHLYHG IURP WKH FRXQWU\¶V ELO OLRQDLUHV EHFDXVH D JHWWRJHWKHU SDUW\ ZLWKFHOHEULWLHVOLNH%XIIHWDQG*DWHVFRXOG EH SRWHQWLDOO\ JRRG IRU RQH¶V LPDJH RU EXVLQHVV%XWDSOHGJHDWDSDUW\LVDOZD\V GLI¿FXOWWRLPSOHPHQWDQGLQWKHHQGWKH SOHGJHV PD\ WXUQ RXW WR EH QRWKLQJ EXW HPSW\ZRUGV7KLVFDPSDLJQZRXOGKDYH DGLVPDOHIIHFW ±/LOOLDQ+3PDQDJHU 0RGHVW&KLQHVHZHDOWK\ 7KH FKDULW\ WULS LV JRRG EXW ,¶P ZRU ULHG %XIIHW DQG *DWHV ZLOO ¿QG LW UHDOO\ KDUGWRORFDWHWKHWUXO\ZHDOWK\LQ&KLQD $OWKRXJK WKH OLVWV E\ +XUXQ DQG )RUWXQH RIIHU VRPH FOXHV PRVW ZHDOWK\ SHRSOH UHPDLQDQRQ\PRXVEHFDXVHLQ&KLQDWKHUH LV D SUHYDOHQW IHHOLQJ RI KDWUHG IRU WKH ZHDOWK\ZKLFKPHDQVWKHULFKQHHGWRNHHS D ORZ SUR¿OH LQ RUGHU WR DYRLG XQZDQWHG DWWHQWLRQ %HVLGHVWKHUHDUHVRPHZKRPDGHWKHLU ZHDOWKE\DEXVLQJWKHLUSRZHU7KH\ZRQ¶W PHHW %XIIHW DQG *DWHV RI FRXUVH RU WKH\ ZRXOGULVNODQGLQJLQMDLOEHIRUHWKH\FDQ JLYHDQ\WKLQJDZD\ ±6KL6KXVL VHQLRUHGLWRURI:RUNHU¶V'DLO\

7KHWKLUGH\H

3KLODQWKURS\LQ&KLQD :KHQ -HII %DVV DUULYHG LQ %HLMLQJ DV D YLVLWLQJVFKRODUWKUHH\HDUVDJRKHZDQWHG WR ¿QG D FKDULW\ WR JHW LQYROYHG ZLWK %XW KHIRXQGWKHWDVNH[FHHGLQJO\GLI¿FXOWDQG QRW MXVW EHFDXVH KH ZDV DQ $PHULFDQ ZKR EDUHO\VSRNH&KLQHVHDWWKDWWLPH 'XULQJKLV¿UVWZLQWHUKHUH%DVVZKRVSH FLDOL]HVLQ&KLQHVHFXOWXUHDQGKLVWRU\IRXQGD ZD\WRGRQDWH+HNHSWVPDOOELOOVDQGFKDQJH DQGJDYHWKHPWRVWUHHWEHJJDUV³7KH\KDGD EHDXWLIXOVPLOHDQGZHUHDOZD\VJUDFLRXVIRU WKHFKDQJH,SXWLQWKHLUWLQ´KHVDLG %XW %DVV QRWLFHG KH ZDV WKH RQO\ RQH JLYLQJ0RVWSHRSOHMXVWZDONHGSDVWRULJQRUHG WKHVWUHHWEHJJDUVDVLIWKH\GLGQ¶WH[LVW 0DQ\ VD\ WKH\ GRQ¶W JLYH DQ\WKLQJ WR DQ\RQHEHFDXVHWKHUHDUHMXVWWRRPDQ\VWUHHW EHJJDUVLQFOXGLQJVRPHZKRDUHIDNH %XWORRNLQJGHHSHU%DVVVDLGWKHUHDUH LQKHUHQW SUREOHPV ZLWKLQ &KLQD¶V FKDULWD EOHLQGXVWU\ )LUVW WKHUH LV QR WUDGLWLRQ RI SKLODQ WKURS\LQ&KLQHVHFXOWXUH 6HFRQG WKH FRXQWU\ LV HQJDJHG LQ DQ HFRQRPLFWUDQVLWLRQ3HRSOHDUHRQWKHTXHVW IRU ELJJHU DQG EHWWHU PDWHULDOLVWLF WKLQJV DQG LJQRUH DQ\ VHDUFK IRU GHHSHU PHDQLQJ LQOLIH ³:HDOWK\ &KLQHVH NQRZ MXVW WKH PRVW SULPLWLYH DQG SUDFWLFDO ZD\ RI DFKLHYLQJ VHOIZRUWK´%DVVVDLG $QGWKLUG&KLQDODFNVDJRYHUQPHQWVXS SRUW V\VWHP IRU HVWDEOLVKLQJ FKDULWLHV 7KHUH DUH ORRSKROHV LQ VRPH FRPPHUFLDO DQG HFR QRPLFODZVWRVXSSRUWFKDULWLHVEXWWKHUHDUH YHU\IHZIRXQGDWLRQVRUQRQSUR¿WVRFLDORUJD QL]DWLRQVWRLQGHSHQGHQWO\RSHUDWHWKHLUZD\ &XUUHQWO\LI\RXZDQWWRRSHUDWHFKDUL WLHVLQWKHFRXQWU\\RXKDYHWR¿UVW¿QGDQ RUJDQL]DWLRQWKDWLVDSSURYHGE\WKHJRYHUQ PHQWWKHQGRWKHFKDULWLHVWKURXJKWKHP ³,Q&KLQDWKHFRQFHSWLVIDUIURPEHLQJ UHDOL]HG´%DVVVDLG

'HEDWH

7HILE#HINASBILLIONAIRESAREBUSYINVESTINGTHEIRMONEYTOPAVETHEWAYFORTHEIRCOMPANIESTOBECOME MULTINATIONALS !MERICANBILLIONAIRES7ARREN"UFFETTAND"ILL'ATESHAVEANNOUNCEDTHATTHEYWILLCOMETO #HINANEXTMONTHTOASKTHECOUNTRYSRICHTODONATEATLEASTHALFOFTHEIRWEALTH ACCORDINGTO!&0 7ITHOUTABACKDROPOFPHILANTHROPISTHERITAGEIN#HINA MANYDOUBTTHAT"UFFETTAND'ATESTRIPFORAMORE CHARITABLE#HINAWILLHAVEAPOSITIVEEFFECT

&RPPHQW 0HGLDLVQRORQJHUFRQYLQFLQJ :KDWWKLVLQFLGHQWVKRZVLVWKDW WKH SXEOLF WHQGV WR QRW EHOLHYH WKH PHGLD)URPWKH³SDSHUEDR]L´VWRU\ RQ%HLMLQJ79LQWRWKHDZDUG ZLQQLQJ SKRWRVKRSSHG LPDJHV RI 6RXWK&KLQDWLJHUVLQ,WKLQN WKHVHLQFLGHQWVKDYHUXLQHGWKHSXE OLF¶VFRQ¿GHQFHLQWKHPHGLD ±:HUU\*XL QHZVDQDO\VWRQ+H[XQFRP &KDOOHQJHIRUPHGLDHWKLFV )RU TXLWH D ORQJ WLPH SHRSOH EHOLHYHG WKDW SKRWRV DOZD\V GHSLFWHG WKH WUXWK %XW FXUUHQWO\ GLVKRQHVW\ LV D ELJ SUREOHP IRU &KLQHVH MRXUQDOLVWV DQG SKRWRJ UDSKHUV WKH\ VKRXOG ZRUN XQGHU SULQFLSOHV RI XQFRYHULQJ WUXWK UDWKHUWKDQHDUQLQJPRQH\0HGLD HWKLFV KDYH EHHQ TXHVWLRQHG PRUH DQG PRUH E\ WKH SXEOLF EHFDXVH MRXUQDOLVWVDUHLQFUHDVLQJO\ZRUN LQJIRUPRQH\ 7KH ODWHVW LQFLGHQW RI =KDQJ¶V SKRWRWHOOVXVWKDWPHGLDHWKLFVDUH GHWHULRUDWLQJDVZHVSHDN ±;LDR5XLVHQLRUHGLWRURI&KL QD¶V6HFXULW\DQG/DZPDJD]LQH 6SRWOLJKWKXUWVWKHYLFWLPV ,WLVVDGWKDWWKH¿VKHUPHQZHUH EHDWHQ DV D UHVXOW RI WKLV GLVSXWH $OVR SKRWRV OLNH WKLV VKRXOG VWRS ZLQQLQJDZDUGVEHFDXVHWKHDWWHQ WLRQLWDWWUDFWVUHRSHQVWKHZRXQGV RI WKH YLFWLPV¶ IDPLOLHV >7KH VWX GHQWV@ZKRGLHGZHUHKHURHV7KH\ VKRXOG QRW EH SODFHG XQGHU WKH VSRWOLJKW IRU RWKHUV WR MXGJH ,W LV QRWUHVSHFWIXOWRWKHPVSHFL¿FDOO\ DQG VKRZV QR GLJQLW\ WR WKH GHDG LQJHQHUDO ±$OHVVDQGUR9HFFKL,WDOLDQ SKRWRJUDSKHUZRUNLQJLQ%HLMLQJ

%DITOR(UANG$AOHEN$ESIGNER$ENG.ING

#AN"UFFETAND'ATESPERSUADE#HINASRICHTOGIVEBACK %\+XDQJ'DRKHQ

%\&KX0HQJ 7KH FRQWURYHUVLDO QHZV SKRWR ³+ROGLQJRQWRD&RUSVHDQG'HPDQG LQJ 0RQH\´ ZKLFK ZRQ &KLQD¶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±&KL QD¶V WRS SUL]H IRU SKRWRMRXUQDOLVWV ±DQGWKLVSDVW0RQGD\WKH*ROGHQ /HQV $ZDUG RUJDQL]LQJ FRPPLWWHH FRQ¿UPHGWKHSKRWR¶VDFFXUDF\



"%)*).'4/$!9

"UFFETSLESSON INCHARITYFOR#HINA

!WARDKEPT FORCONTROVERSIAL @CORPSEPHOTO


$XJXVW

"%)*).'4/$!9

%DITOR(AN-ANMAN$ESIGNER:HAO9AN

([SDWQHZV



/NTHETRACKSOFGIANTPANDAS %\:DQJ<X :KHQ 1LJHO 0DUYHQ RQH RIWKHPRVWUHSXWDEOH%ULWLVK ZLOGOLIH SUHVHQWHUV DQG 79 SURGXFHUV DUULYHG DW &KHQJGX 6LFKXDQ 3URYLQFH ODVW$SULOKHZDVQRWVXUHKH ZRXOG¿QGZLOGJLDQWSDQGDV WR¿OP 'XH WR WKHLU HOXVLYH QDWXUH±0DUYHQDQGKLVFRO OHDJXHV VRPHWLPHV FRXOGQ¶W VHH WKH SDQGDV HYHQ ZKHQ WKH\FRXOGKHDUWKHPFOHDUO\ FKHZLQJ EDPERR ± LW ZDV D WDVN WKDW UHTXLUHG VWHDOWK DQGSDWLHQFH 7KDW ZDV WKH PRVW GLI¿ FXOW SDUW RI 0DUYHQ¶V ODWHVW PLOOLRQ\XDQSURMHFWLIWKH SDQGDV QHYHU VKRZ WKHUH¶V QRWKLQJ WR ¿OP 7KHUH ZDV DQRWKHU DGGHG SUHVVXUH 0DUYHQZDVWKH¿UVW:HVWHUQ VSHFLDOLVW DOORZHG WR ¿OP SDQGDV LQ &KHQJGX¶V QDWXUDO UHVHUYHV+HZDVDOVRRI¿FLDOO\ &KHQJGX¶V ³SDQGD DPEDVVD GRU´ DQ KRQRU SUHYLRXVO\ DZDUGHG WR MXVW RQH PDQ &KLQD¶VELJJHVWVWDULQ+ROO\ ZRRG-DFNLH&KDQ ³,Q WKH :HVW WKH\ DVNHG PH :K\ DUH \RX JRLQJ WR &KLQDWR¿OPZLOGOLIH"7KHUH DUHELOOLRQSHRSOHDQGQR DQLPDOVOHIW´0DUYHQVDLG ³%XW LW WXUQHG RXW WKDW WKH\ ZHUH WRWDOO\ ZURQJ DV ,¶YH VHHQ VR PDQ\ DQLPDOV KHUHVXFKDVWKHJROGPRQNH\ DQG JLDQW VDODPDQGHU ± WKH ELJJHVW RQHV LQ WKH ZRUOG DW QHDUO\WZRPHWHUVORQJ±DQG ,¿OPHGWKHP´KHVDLG³7KH VHULHV ZLOO EH EURDGFDVW LQ DERXW  FRXQWULHV WR VKRZ KRZ &KLQD KDV VR PDQ\ EHDXWLIXO QDWXUDO SODFHV WKDW SHRSOHFDQYLVLW´ &RRSHUDWLQJZLWKWKH&KL QHVH GRFXPHQWDU\ VWXGLR 9LVLRQWKLVZDV0DUYHQ¶V¿UVW WLPH PDNLQJ D ¿OP LQ &KLQD VLQFHKHVWDUWHGKLVFDUHHU \HDUVDJR 0DUYHQ  VWXGLHG ERWDQ\ DW %ULVWRO 8QLYHUVLW\ XQWLO WKH DJH RI  ZKHQ KH VDLG KH UHDOL]HG KH ZDVQ¶W JRRG HQRXJK DW PDWK WR EHFRPH D VFLHQWLVW +H OHIW WREHJLQKLVFDUHHUDVDZLOG OLIH GRFXPHQWDU\ UHVHDUFKHU DW WKH %%& 1DWXUDO +LVWRU\ 8QLWLQ%ULVWRO ,Q0DUYHQPDGHKLV ¿UVW ZLOGOLIH ¿OP *LDQWV LQ ZKLFK KH VZDP ZLWK D JUHDW ZKLWH VKDUN ZLWKRXW WKH SURWHFWLRQ RI D FDJH 6RRQ KH ZDV ZLGHO\ NQRZQ IRU KLVXQRUWKRGR[VSRQWDQHRXV DQG GDULQJ VW\OH RI SUHVHQW LQJZLOGOLIHGRFXPHQWDULHVDV ZHOO DV IRU LQFOXGLQJ IDFWXDO NQRZOHGJH 0DUYHQ¶VIDVFLQDWLRQZLWK SDQGDV EHJDQ ZKHQ DV D FKLOG KH UHDG D ERRN DERXW WKH*UHDW:DOOWKDWKLVIDWKHU JDYH KLP 2Q WKH ¿UVW SDJH ZDV D SDQGD QDPHG &KLFKL

1LJHO0DUYHQZDVWKH¿UVW:HVWHUQHUDOORZHGWRHQWHU3DQGD%UHHGLQJDQG5HVHDUFK&HQWHULQ&KHQJGX 0HOTOSPROVIDEDBY.IGEL.ARVEN

2OMANTICDESIGNER UPINTHEAIR

0DUYHQDQGKLVWHDPZLOOFRPHWR&KLQDDJDLQIRUKLVQH[W ZLOGOLIHSURJUDP WKHVWDUDWWUDFWLRQDW/RQGRQ =RR DQG WKH SDQGD WKDW LQVSLUHG6LU3HWHU6FRWW¶VORJR IRUWKH:RUOG:LOGOLIH)XQG 0DUYHQ¶V IDWKHU WRRN KLP WRWKH]RRWRVHH&KLFKLDQGWKH \RXQJ0DUYHQZDVKRRNHG 'XULQJ WKH VKRRWLQJ 0DUYHQ DWH DV PXFK DV KH FRXOGLQRQHVLWWLQJDQGWKHQ ZRUNHG WKH IROORZLQJ GD\V ZLWKRXW PXFK IRRG :LWK D WHDP RI H[SHUW WUDFNHUV DQG KHDY\ HTXLSPHQW 0DUYHQ WRRNFDUHWRWUDFNWKHVHEDP ERRHDWLQJEHDUVZKLFKPRYH VZLIWO\ DQG FDQ DFWXDOO\ EH TXLWHGDQJHURXV $IWHU  GD\V 0DUYHQ¶V WHDPKLWDOXFN\EUHDNZKHQ WKH\IRXQGWKHPVHOYHVZLWKLQ  \DUGV RI D PRWKHU SDQGD QXUVLQJ KHU FXE ZKLOH OHDQ LQJ DJDLQVW D WUHH 0DUYHQ EHOLHYHVKHLVWKH¿UVWSHUVRQ WRHYHU¿OPDZLOGSDQGDIURP VRFORVH ³7KH &KLQHVH WUDFNHUV ZHUHVRH[LWHG,QWKHEDQTXHW

WKDWQLJKWZHNHSWWRDVWLQJWR FHOHEUDWH´0DUYHQVDLG³7KH EDQTXHW ZDV ¿OPHG DQG LW ZDV WKH ¿UVW WLPH WKDW ,¶YH JRWWHQGUXQNRQWHOHYLVLRQ´ ,QWKH¿OPKHDOVRUHFRUGV VWRULHV DERXW WKH 3DQGD %UHHGLQJDQG5HVHDUFK&HQWHU LQ &KHQJGX LQFOXGLQJ KRZ UHVHDUFKHUV VDYHG WKH SDQGDV DIWHUWKH:HQFKXDQHDUWKTXDNH LQ  0DUYHQ DOVR ZDONV WKURXJK ;L¶DQ¶V 7HUUDFRWWD $UP\LQWKH¿OP ³7KHUH DUH  WHUUD FRWWD ZDUULRUV OHIW DQG RQO\ JLDQWSDQGDV´0DUYHQ VDLG ³:H PDNH WKH SRLQW LQ WKH ¿OP WKDW ORVLQJ DOO WKH ZRUOG¶VJLDQWSDQGDVZRXOGEH OLNHVPDVKLQJDOOWKHUHPDLQ LQJWHUUDFRWWDZDUULRUV´ 7KH VHULHV ZLOO EH EURDG FDVW RQ &&79 &(79 DQG %%& &KDQQHO  LQ DXWXPQ 0DUYHQ DQG KLV WHDP ZLOO PRYHRQWR+DLQDQLQ2FWR EHU IRU KLV QH[W SURMHFW LQYROYLQJ&KLQD¶VZLOGOLIH

%\&KX0HQJ &KLQD :RUOG 7UDGH &HQWHU 7RZHU  %HLMLQJ¶V WDOOHVW EXVLQHVV FHQWHURSHQHGODVWZHHN7KHIRXU UHVWDXUDQWV DQG EDUV RQ WKH WK Ã&#x20AC;RRU DUH WKH FLW\¶V KLJKHVW GLQLQJ SODFHVDQGWKHLULQWHULRUGHVLJQVDUH WKHUHVXOWRIWKHYLVLRQRIRQHPDQ DUWLVWLFGLUHFWRU$GDP7LKDQ\ 7LKDQ\LVDSUHHPLQHQWGHVLJQHU ZKRVH ZRUN LQFOXGHV PDQ\ 0LFKHOLQVWDUUHGUHVWDXUDQWV%RUQ LQWKH5RPDQLDQUHJLRQRI7UDQV\O YDQLDLQDQGUDLVHGLQ,VUDHOKH HDUQHGDQDUFKLWHFWXUDOGHJUHHIURP 0LODQ ,WDO\ $IWHU DSSUHQWLFLQJ LQ GHVLJQ¿UPVWKURXJKRXW(XURSHKH PRYHG WR 1HZ <RUN &LW\ ZKHQ KH ZDVWREHFRPHGHVLJQGLUHFWRURI WKH¿UP8QLJUDP ³7KLQNRIPHQRWDVDGHVLJQHU EXW DV D FXVWRP WDLORU RU DV D FXO WXUDOSRUWUDLWDUWLVW´KHVDLG³:KHQ ,DFFHSWDQHZFDVHWKH¿UVWWKLQJ , GR LV KDYH DQ LQGHSWK ORRN DW WKH FLW\ WKH UHVWDXUDQW LV ORFDWHG LQ DQG OLYH LQ VPDOO DQG FUHDWLYH KRWHOV WKLFN ZLWK DXWKHQWLF ORFDO WUDGLWLRQDOFXOWXUDOHOHPHQWV´ 7LKDQ\GHVLJQHGWKHLQWHULRUVRI *ULOO7KH/RXQJH$WPRVSKHUH &KDLUPDQ¶V 5RRP DQG 7KH 3HDN ZKLFKDUHDOORQWKHWRSRI7RZHU XVLQJIHDWXUHVWKDWVXEWO\UHFDOOWUD GLWLRQDO&KLQHVHV\PEROLVPDQGWKH GXDOLW\RI³\LQ´DQG³\DQJ´ 7R7LKDQ\\LQDQG\DQJFRQYH\WKH FRQFHSWRIKHDYHQDQGHDUWKEDODQFH DQG KDUPRQ\ SUHYDOHQW LQ &KLQHVH FXOWXUH VXFK DV WUDGLWLRQDO &KLQHVH PHGLFLQHWDLMLTXDQDQGTLJRQJ³<LQ \DQJZDVDOVRRQHRIWKHPRVWLPSRU WDQWFRQFHUQVZKHQDQFLHQW&KLQHVH SHRSOH EXLOW WKHLU KRPHV´ KH VDLG DGGLQJ³0\JUD\PXVWDFKHFRPELQHV EODFNDQGZKLWHZKLFKDOVRDELGHE\ \LQ\DQJWKHRU\´

7KH WK Ã&#x20AC;RRU¶V GHFRU LV \LQ ²FRROHWKHUHDOKHDYHQO\DQGIHPL QLQH7LKDQ\LVSDUWLFXODUO\PDVWHU IXOZKHQSOD\LQJXSWKHSURPLQHQFH RIFHLOLQJIHDWXUHVWRUHÃ&#x20AC;HFWDKHDY HQO\ DPELHQFH ,Q 7KH /RXQJH KH XVHVFXVWRPJODVVOLJKWVSKHUHVWKDW DSSHDUVXVSHQGHGLQPLGDLUDYLU WXDOVN\LQVLGHWKHKRWHO 7KH WK Ã&#x20AC;RRU LV FKDUDFWHULVWL FDOO\ \DQJ ² ZDUPHU ZLWK HDUWK\ FRORUVWKDWHYRNHPDVFXOLQLW\5RZV RIGDQJOLQJFU\VWDOVVXUURXQGDVOHHN JODVVHQFORVHGOLIWWKDWFDUULHVJXHVWV EHWZHHQWKHWRSÃ&#x20AC;RRUV ³(YHU\GD\,SUD\WREHOLNHGHVLJQ KHDY\ZHLJKWV OLNH 3KLOLSSH 6WDUN RU =DKD +DGLG´ 7LKDQ\ VDLG ³,I WKHUH LVRQHVW\OHWKDW\RXGRZHOODQG\RX FDQGRLWHYHU\ZKHUHWKDWLVZRQGHU IXO%XWLQRUGHUIRUXVWRJHWWKHEHVW UHVXOWVIRURXUFOLHQWVZHKDYHWRGR VRPHWKLQJGLIIHUHQWHYHU\WLPH ³7KH HDVLHVW ZD\ LV WR EH VLWH VSHFL¿F DQG GR WKLQJV WKDW FDQQRW EHGRQHLQ/RQGRQRU1HZ<RUNRU 3DULV RU DQ\ZKHUH HOVH ² WR IXVH XQLTXH ORFDO FXOWXUDO EDFNJURXQG LQWR WKH GHVLJQ :H DUH QRW *XFFL :HDUHPRUHOLNH%ULRQL´ 7LKDQ\ DOVR GHVLJQHG WKH ³WDOO HVWUHVWDXUDQWLQWKHZRUOG´RQWKH UG Ã&#x20AC;RRU RI WKH %XUM 'XEDL WKH WDOOHVWEXLOGLQJLQWKHZRUOG+RZ HYHUKHVDLGWKDWLVQRWFRPSDUDEOH ZLWKKLVZRUNLQ%HLMLQJ ³:HOOWKDWUHVWDXUDQWLVÃ&#x20AC;RRUV KLJKHU´ KH VDLG ³%XW LW LV ZHLUG VKRRWLQJ XS  Ã&#x20AC;RRUV LQ  VHF RQGV DQG ZKDW GR \RX VHH" 1RWK LQJ7KHUHLVQRYLHZ,W¶VDOOGHVHUW $W QLJKW LW LV FRPSOHWHO\ GDUN , VXSSRVH LI \RX DUH GUXQN HQRXJK \RXFDQVHHHYHU\WKLQJ<RXZLOOEH VHHLQJ VSDFHVKLSV %XW LQ %HLMLQJ \RX FDQ VHH &KDQJ¶DQ $YHQXH DQG HYHQWKH)RUELGGHQ&LW\´


$XJXVW

3KLOLSSLQH 3UHVLGHQW %HQLJQR $TXLQR ,,, KDV GHFODUHG $XJXVW  D GD\ RI QDWLRQDOPRXUQLQJIRUWKHYLF WLPVRIWKHKRVWDJHFULVLV )RUHLJQ 0LQLVWHU <DQJ -LHFKL GXULQJ D WHOHSKRQH FRQYHUVDWLRQ ZLWK KLV 3KLO

LSSLQH FRXQWHUSDUW $OEHUWR 5RPXOR VDLG WKH &KLQHVH JRYHUQPHQW ZDV VKRFNHG DERXW WKH LQFLGHQW GHSORUHG WKHVOD\LQJRIWKH+RQJ.RQJ WRXULVWV DQG VWURQJO\ FRQ GHPQHG EUXWDOLW\ DJDLQVW LQQRFHQWWRXULVWV

7KH &KLQHVH JRYHUQPHQW GHPDQGHGWKH3KLOLSSLQHJRY HUQPHQW ODXQFK D WKRURXJK LQYHVWLJDWLRQLQWRWKHLQFLGHQW DQG LQIRUP WKH &KLQHVH VLGH RI UHODWHG GHWDLOV DV VRRQ DV SRVVLEOHKHVDLG  ;LQKXD

0HILIPPINEEMBASSYIN"EIJINGLOWERSmAGTOHALF MAST %\&KX0HQJ 7KH3KLOLSSLQHHPEDVV\LQ %HLMLQJORZHUHGLWVÃ&#x20AC;DJWRKDOI PDVW RQ :HGQHVGD\ WR VKRZ V\PSDWK\ IRU WKH GHDWKV RI QLQH +RQJ .RQJ WRXULVWV LQ 0RQGD\¶VKRVWDJHFULVLV $FFRUGLQJ WR DQ DQQRXQFHPHQWLVVXHGRQWKH RIILFLDO ZHEVLWH RI WKH 3KLO LSSLQH (PEDVV\ RI &KLQD 3KLOLSSLQH3UHVLGHQW%HQLJQR $TXLQR ,,, LVVXHG D SURF ODPDWLRQ RQ 7XHVGD\ RUGHU LQJDOOJRYHUQPHQWDJHQFLHV LQFOXGLQJ WKH FRXQWU\¶V HPEDVVLHV DQG FRQVXODWHV DEURDG WR ORZHU WKH 3KLOLS SLQHIODJWRKDOIPDVW ³7KHVHGHDWKVDUHDJUHDW ORVV WR WKH SHRSOH RI +RQJ .RQJ DQG WKH 3KLOLSSLQHV DQG >ZH@ FDOO IRU WKH PRVW

VROHPQFRPPHPRUDWLRQDQG UHVSHFW DW D WLPH RI JULHI IRU RXU WZR SHRSOH´ WKH SURFOD PDWLRQVDLG &KLQD¶V 1DWLRQDO 7RXULVP $GPLQLVWUDWLRQ 17$  LVVXHG DFDXWLRQRQLWVZHEVLWHWR&KL QHVH WRXULVWV WUDYHOLQJ WR WKH 3KLOLSSLQHV)RUWKRVHDOUHDG\ LQ WKH 3KLOLSSLQHV WKH 17$ UHPLQGHG WKHP WR WDNH QRWH RI VHFXULW\ FRQGLWLRQV DQG VWUHQJWKHQWKHLUSHUVRQDOSUR WHFWLYH PHDVXUHV DQG VXJ JHVWHG &KLQHVH WRXULVWV JR WR WKHORFDOSROLFHRUFRQWDFWWKH &KLQHVH HPEDVV\ LQ FDVH RI HPHUJHQFLHV ³2XU WRXULVP YLVD SROLF\ IRU &KLQD¶V WRXULVWV KDV QRW FKDQJHG´ D YLVD RI¿FLDO IURP WKH 3KLOLSSLQH (PEDVV\ LQ %HLMLQJ VDLG RQ :HGQHVGD\

DIWHUQRRQ³:HVHHQRQHHGIRU &KLQHVH WRXULVWV WR FDQFHO RU SRVWSRQH WUDYHO SODQV WR WKH 3KLOLSSLQHV GXULQJ WKH 0LG $XWXPQ)HVWLYDODQG1DWLRQDO 'D\+ROLGD\´  ³7KHUH KDVQ¶W EHHQ PDQ\ FDQFHOODWLRQV RU SRVWSRQH PHQWV IURP RXU UHJLVWHUHG WRXULVWV %XW ZH¶YH KDG PRUH FDOOHUV TXHVWLRQ WKH WRXULVP HQYLURQPHQW DQG VHFXULW\ VLW XDWLRQLQWKH3KLOLSSLQHV´VDLG =KHQ +RQJMXDQ PDQDJHU RI WKHRXWERXQGWRXULVPGHSDUW PHQW DW &KLQD ,QWHUQDWLRQDO 7UDYHO6HUYLFH =KHQ VDLG VHFXULW\ LV D WUDYHO DJHQF\¶V WRS FRQFHUQ 6LQFHQRRWKHUSRWHQWLDOVHFX ULW\ KD]DUGV LQ RWKHU PDMRU 3KLOLSSLQHFLWLHVZHUHUHSRUWHG UHJLVWUDWLRQWRWKH3KLOLSSLQHV

WRXUUHPDLQHGRSHQ +RZHYHU VRPH FLWL]HQV KDYH KDG VHFRQG WKRXJKWV DERXW JRLQJ WR WKH 3KLOLS SLQHV%DR/HLD%HLMLQJFLWL ]HQZKRLVSODQQLQJD1DWLRQDO 'D\ WULS ZLWK KLV IDPLO\ MXVW FURVVHG RXW WKH 3KLOLSSLQHV IURPKHUOLVW ³,GHFLGHG,ZDQWWRWUDYHO WR 7DLZDQ QH[W PRQWK´ VKH VDLG ³, MXVW GRQ¶W ZDQW WR EH LQ WKH 3KLOLSSLQHV GXULQJ WKLV HPRWLRQDOWLPH´ 7KH &KLQHVH JRYHUQPHQW GHPDQGHG D WKRURXJK LQYHV WLJDWLRQ RQ KRZ WKH KRVWDJH FULVLVZDVKDQGOHGDQGXUJHG WKH3KLOLSSLQHJRYHUQPHQWWR WDNH FRQFUHWH PHDVXUHV WR HQVXUH WKH VDIHW\ DQG VHFX ULW\RI&KLQHVHFLWL]HQVLQWKH 3KLOLSSLQHV

.EPALIAMBASSADORWILLLEADWALKINTO BIRTHPLACEOF3AKYAMUNI %\/L=KL[LQ 1HSDOL DPEDVVDGRU 7DQND 3UDVDG.DUNLDQQRXQFHGDWDQHZV FRQIHUHQFH 0RQGD\ WKDW KH ZLOO SDUWLFLSDWH LQ D ZDON WR /XPELQL WKHELUWKSODFHRI6DN\DPXQLIURP /KDVD 7LEHW GXULQJ WKH ¿UVW ,QWHUQDWLRQDO:DONLQJ$URXQGWKH +LPDOD\DV'D\LQ2FWREHU 7R FHOHEUDWH WKH WK DQQL YHUVDU\ RI &KLQD1HSDO GLSOR

PDWLFUHODWLRQV1HSDO¶VHPEDVV\ WKH 1HSDOL 7RXULVP $GPLQLVWUD WLRQ &KLQD 9RONVVSRUW $VVRFLD WLRQ &9$  DQG 7LEHW¶V 7RXULVP %XUHDXZLOOMRLQWO\KROGWKHZDON IURP6HSWHPEHUWR2FWREHU 7KHZDONZLOOVWDUWDW/KDVD¶V 3RWDOD3DODFHQHDU<DQJGRUN/DNH DQGWKHQRUWKIDFHRI0W4RPR ODQJPD7KHWHDPSODQVWRUHDFK =KDQJPX 3RUW RQ WKH &KLQD

1HSDO ERUGHU RQ 2FWREHU  7KH DPEDVVDGRUZLOOMRLQWKHWHDPDW .DWPDQGX DQG OHDG WKH SDUWLFL SDQWV WKURXJK /XNOD 3KDNGLQJ 1DPFKH%D]DDUDQG7\DQJERFKH EHIRUH DUULYLQJ DW /XPELQL RQ 2FWREHU  7KH WHDP ZLOO UHWXUQ WR&+LQDWKUHHGD\VODWHU 'XULQJ WKH WULS SDUWLFLSDQWV ZLOO JHW WR DSSUHFLDWH DQG H[SH ULHQFH WKH HWKQLF FXVWRPV RI

&KLQHVH 7LEHWDQV DQG 1HSDOHVH 6KHUSDV ³7KLV ZLOO EH WKH ¿UVW ZDONLQJ GLSORPDF\ EHWZHHQ WKH WZRFRXQWULHV,EHOLHYHWKHHYHQW ZLOOVWUHQJWKHQWKHFRXQWULHV¶UDS SRUW DQG FRQYH\ D PHVVDJH RI SHDFHWRWKHZRUOG´.DUNLVDLG 7KRVH ZKR DUH LQWHUHVWHG LQ WKH HYHQW FDQ HQUROO DW FKLQDZDONLQJQHWFQ RU WKURXJK 9&$DW

&RPPHUFH FRQVXODWHV $GYHUWLVHPHQW

"UDDHISTMONKSPRAYAFTERAHOSTAGESTAND OFFTHATRESULTEDINTHEDEATHOFNINEHOSTAGESAND THEGUNMANON!UGUSTIN-ANILA #&00HOTO

%DITOR(AN-ANMAN$ESIGNER:HAO9AN

/HDGHUVRI&KLQDDQGWKH 3KLOLSSLQHV KDYH H[SUHVVHG GHHS VRUURZ RYHU WKH KRV WDJHFULVLVWKDWHQGHGLQWKH GHDWKVRIQLQHWRXULVWVIURP +RQJ.RQJ  $ ZRUNLQJ WHDP VHQW E\ WKH &KLQHVH JRYHUQPHQW LV QRZLQ0DQLODWRGHDOZLWKWKH DIWHUPDWK &KLQHVH 3UHVLGHQW +X -LQWDR DQG 3UHPLHU :HQ -LDEDRH[SUHVVHGWKHLUFRQGR OHQFHVRQ7XHVGD\WRWKHIDPL OLHVRIWKH+RQJ.RQJWRXULVWV NLOOHG GXULQJ 0RQGD\¶V KRV WDJHFULVLVLQWKH3KLOLSSLQHV ,QDMRLQWOHWWHUWR'RQDOG 7VDQJ <DPNXHQ FKLHI H[HF XWLYH RI +RQJ .RQJ 6SHFLDO $GPLQLVWUDWLYH5HJLRQ 6$5  +X DQG :HQ H[SUHVVHG WKHLU GHHS VRUURZ IRU WKH IDPLOLHV RI WKRVH NLOOHG DQG FRQVROD WLRQIRUWKHLQMXUHG ³:HDUHLQJUDYHVKRFNDQG JULHIRQKHDULQJWKDWHLJKW+RQJ .RQJFRPSDWULRWVIHOODQGPDQ\ RWKHUVZHUHLQMXUHGLQWKH0DQLOD KRVWDJHLQFLGHQW´WKHOHWWHUVDLG 2QHRIWKHLQMXUHGODWHUGLHGLQ WKHKRVSLWDO ³:H KHUHE\ H[SUHVV RXU JUDYH FRQGROHQFHV DQG RXU GHHSV\PSDWK\WRWKHIDPLOLHV RIWKH+RQJ.RQJFRPSDWULRWV DQG ZH KRSH WKH LQMXUHG ZLOO UHFRYHUVRRQ´WKHOHWWHUVDLG

%\+DQ0DQPDQ &KLQHVHDUWDQGFXOWXUHZLOO EH KLJKOLJKWHG DW WKLV \HDU¶V 6ZLW]HUODQG FXOWXUH IHVWLYDO VWDUWLQJ 6HSWHPEHU  DFFRUG LQJWRWKH6ZLVVHPEDVV\ 7KH WKUHHPRQWK IHVWLYDO ³&XOWXUHVFDSHV´DLPVWRSURYLGH DSDQRUDPDRI&KLQDE\IHDWXU LQJHYHQWVVXFKDVOLYHPXVLFDUW H[KLELWLRQV¿OPVFUHHQLQJVDQG OLWHUDWXUHUHDGLQJVVDLG7HUHQFH %LOOHWHU FRXQVHORU RI WKH 6ZLVV HPEDVV\¶V FXOWXUH DQG PHGLD GHSDUWPHQW %LOOHWHU VDLG WKH IHVWLYDO LQFOXGHV  HYHQWV DQG ZLOO EH FDUULHGRXWLQFLWLHVLQ6ZLW]HU ODQG DQG QHDUE\ FRXQWULHV *HU PDQ\$XVWULDDQG/LHFKWHQVWHLQ +H VDLG WKH IHVWLYDO ZLWK DQ RYHUDUFKLQJ WKHPH RI ³WUD GLWLRQDO DQG PRGHUQ´ ZLOO EH GLYLGHGLQWRIRXUSDUWVVHHNLQJ URRWVUHWKLQNLQJKLVWRU\UHELUWK DQGDFURVVERUGHUV ;LDQJ ;LDRZHL DVVLVWDQW GLUHFWRUJHQHUDORIWKH0LQLVWU\ RI&XOWXUHVDLG&KLQDZLOOEULQJ <XHMX 2SHUD¶V 7KH %XWWHUÃ&#x20AC;\ /RYHUVDQG.XQTX2SHUD¶V7KH 3HRQ\3DYLOLRQWR6ZLW]HUODQG ;LDQJVDLGWKH\GLGQ¶WVHOHFW 3HNLQJ 2SHUD EHFDXVH 3HNLQJ 2SHUD KDV DOUHDG\ HQMR\HG ZRUOGZLGHVXFFHVVDQGWKHPLQ LVWU\ ZDQWHG WR SURPRWH VRPH RWKHU SUHVWLJLRXV EXW SHUKDSV OHVVHUNQRZQRSHUDWURXSHV ;LDQJ VDLG WKH\ FKRVH 7KH %XWWHUÃ&#x20AC;\/RYHUVEHFDXVHLWKDV KLVWRULFDO VLJQL¿FDQFH ,Q $SULO SUHPLHU=KRX(QODLOHGD GHOHJDWLRQ WR DWWHQG DQ LQWHU QDWLRQDOFRQIHUHQFHLQ*HQHYD 6ZLW]HUODQG±WKH¿UVWWLPH1HZ &KLQD SDUWLFLSDWHG LQ D PDMRU LQWHUQDWLRQDOFRQIHUHQFH 'XULQJ WKH *HQHYD &RQIHU HQFH WKH ¿OP YHUVLRQ RI 7KH %XWWHUÃ&#x20AC;\/RYHUVZDVVKRZQDQG ZDV YHU\ SRSXODU ,W KHOSHG PDQ\ :HVWHUQHUV XQGHUVWDQG &KLQHVH FXOWXUH DQG KRZ &KL QHVHSHRSOHWKRXJKW 6ZLW]HUODQG ZDV RQH RI WKH ¿UVW :HVWHUQ FRXQWULHV WR UHF RJQL]H WKH 3HRSOH¶V 5HSXEOLF RI &KLQDZKHQLWGLGVRRQ-DQXDU\ 7KLV\HDUPDUNVWKHWK DQQLYHUVDU\RIWKDWRFFDVLRQ ³6L[W\\HDUVDJRLQWKHFRQ WH[W RI WKH &ROG :DU WKLV GHFLVLRQ ZDV EROG DQG HYHQ YLVLRQDU\´%LOOHWHUVDLGDGGLQJ WKDW VRPH HYHQWV DW WKLV \HDU¶V IHVWLYDO ZLOO FRPPHPRUDWH WKLV LPSRUWDQWDQQLYHUVDU\ )RUPDOGLSORPDWLFUHODWLRQV ZHUHHVWDEOLVKHGRQ6HSWHPEHU WKRIWKHVDPH\HDU ³6LQFH WKHQ DQG HVSHFLDOO\ VLQFHWKHEHJLQQLQJRIWKHUHIRUP DQG RSHQLQJ SROLF\ LQ &KLQD ELODWHUDO UHODWLRQV EHWZHHQ WKH WZR FRXQWULHV KDYH LQWHQVL¿HG DQGGLYHUVL¿HG´KHVDLG &XOWXUHVFDSHV KDV EHFRPH DQLPSRUWDQWHYHQWRQWKH6ZLVV FXOWXUDO FDOHQGDU HYHU VLQFH LWV ¿UVW HGLWLRQ KLJKOLJKWLQJ WKH FRXQWU\ *HRUJLD LQ  7KH DQQXDOHYHQWUHÃ&#x20AC;HFWVWKHYDULHW\ DQGGLVWLQFWLYHQHVVRIKHWHURJH QHRXV FXOWXUDO ODQGVFDSHV DQG SURYLGHVDSDQRUDPDRIWKHLUDUW DQGFXOWXUDOVFHQHV 7KH IHVWLYDO ZLOO IRFXV RQ ,VUDHOQH[W\HDU



"%)*).'4/$!9

#HINA THE0HILIPPINES MOURNHOSTAGECRISISVICTIMS

3WISSCULTURE FESTIVALFOCUSES ON#HINA


$XJXVW

"%)*).'4/$!9

%DITOR7EI9ING$ESIGNER$ENG.ING

&RPPXQLW\



)NTERNATIONALSTUDENTSEXPLORE EDUCATIONINNOVATIONS %\/LDQJ0HLODQ $KDQGIXORIIRUHLJQXQLYHUVLW\ VWXGHQWV VSHQW WKH ¿QDO GD\V RI WKHLUVXPPHUYDFDWLRQLQWKHFODVV URRP LQ %HLMLQJ 6WXGHQWV IURP 6RXWK $VLD (XURSH 1RUWK $PHU LFDDQG6RXWK$PHULFDMRLQHGORFDO FRXQWHUSDUWVWRDWWHQGDZHHNORQJ ZRUNVKRSDW3HNLQJ8QLYHUVLW\WKDW GLVFXVVHG KRZ WR LQFRUSRUDWH DGYDQFHGWHFKQRORJLHVLQWRHGXFD WLRQUHIRUP ³$Q HVWLPDWHG  PLOOLRQ VWX GHQWV ZRUOGZLGH UHFHLYH LPSURSHU HGXFDWLRQ LQ D SRRU HGXFDWLRQDO HQYLURQPHQW DQG WKH QXPEHU LV H[SHFWHG WR GRXEOH LQ WKH QH[W  \HDUV,WLVDSUHVVLQJWDVNIRUHYHU\ FRXQWU\ WR HQVXUH WKDW LWV \RXQJ SHRSOHKDYHDVRXQGDQGVXVWDLQDEOH HGXFDWLRQV\VWHP´VDLG;X/XSLQJ FRIRXQGHU RI 3DULVEDVHG :RUOG ZLGH ,QWHUDFWLRQ IRU 6FLHQFH (GX FDWLRQDQG5HVHDUFKLQ8QLYHUVLWLHV :LVHU8 WKHHYHQWRUJDQL]HU ;XVDLGWKHKHOSIURPVWXGHQWVLV LQGLVSHQVLEOHLQVROYLQJWKHSUREOHP DQGWKDWLVZK\WKH\RUJDQL]HGWKH VXPPHU ZRUNVKRS ³:H RIIHU WKLV SODWIRUP WR EULQJ WRJHWKHU \RXQJ SLRQHHUVDQGH[SHUWVWRVKDUHWKHLU XQFRQYHQWLRQDO LGHDV RQ WHFKQROR JLHVWKDWFDQEHXVHGIRUHGXFDWLRQ LQWKHIXWXUH´KHVDLG 7KHSDUWLFLSDWLQJWHDPVZHUH FRPSRVHG RI VWXGHQWV ZKR KDYH EHHQFRQGXFWLQJWKHLURZQUHVHDUFK RQKRZWRLQWURGXFHWHDFKLQJLQQR YDWLRQV7KHJURXSRIH[SHUWVZKR DGYLVHG WKH VWXGHQWV FRQVLVWHG RI ZHOONQRZQHGXFDWLRQ³LQQRYD WRUV´VXFKDV5DSKDHO2JDU2NRD PHPEHURI7HDFKHUV:LWKRXW%RU GHUVZKRKDVKHOSHGEULGJHVFKRRO VHJUHJDWLRQLQ1LJHULD 7KH IRXUSHUVRQ WHDP IURP 5HQPLQ8QLYHUVLW\FUHDWHGDVRFLDO QHWZRUNLQJZHEVLWHWRKHOSFROOHJH IUHVKPHQ DGDSW HDVLHU WR FDPSXV OLIH³6WXGHQWVFDQDVNDQGDQVZHU TXHVWLRQVUHODWHGWROLIHRQFDPSXV )UHVKPHQFDQJHWXVHIXOLQIRUPD WLRQ DQG VXJJHVWLRQV IURP VHQLRU

VWXGHQWV´;XH6KHQJERRQHRIWKH WHDPPHPEHUVVDLG .\UD*DXQWRQHRIWKHMXGJHV D 86 HWKQRPXVLFRORJLVW FRP PHQGHGWKHVWXGHQWVIRUWKHLUJUHDW LGHD DQG LPSOHPHQWDWLRQV ³,¶YH QHYHU VHHQ D \RXQJ WHDP OLNH LW UHDOL]H LWV JRDO RI VROYLQJ D SURE OHPZH¶YHDOOHQFRXQWHUHGLQVXFK DVKRUWSHULRGRIWLPH±RQO\KDOI D\HDU,ZDVVXUSULVHGE\LWVKLJK OHYHO RI WHDPZRUN DQG JURXQG EUHDNLQJLGHD´VKHVDLG ³7KRVH&KLQHVHVWXGHQWVDUHVR \RXQJ ± ZLWK DQ DYHUDJH DJH RI  ± EXW WKH\ SUHVHQWHG EROGQHVV LQ LQQRYDWLRQ´ VDLG 8IIH (OEDHN IRXQGHU DQG IRUPHU SULQFLSDO RI .DRVSLORWV 'HQPDUN¶V EXVLQHVV DQG GHVLJQ VFKRRO ³7KRXJK WKH\ ORRNHG XQDVVXPLQJ ZKHQ WDONLQJ WR WKH H[SHUWV , VDZ DPELWLRQ LQ WKHLUZRUN´ $QRWKHUJURXSWKDWJUDEEHGWKH VSRWOLJKWZDVDPXOWLQDWLRQDOWHDP RI VWXGHQWV IURP &URDWLD )UDQFH WKH8.&\SUXVDQG6HUELD)RUPHG LQ 9XNRYDU &URWLD DV D UHVSRQVH WR (XURSH¶V VHJUHJDWHG FRPPXQL WLHVWKHWHDPLQWURGXFHGLGHDVRQ FRQÃ&#x20AC;LFWPDQDJHPHQWSHDFHNHHS LQJDQGVFLHQFHHGXFDWLRQWKURXJK IXQDFWLYLWLHV ³:H ZDQW WR LPSURYH FRRS HUDWLRQ DQG IRVWHU VRFLDO LQWHJUD WLRQE\PRELOL]LQJWKH\RXWKOLYLQJ LQ FRQÃ&#x20AC;LFW DUHDV %\ VSRQVRULQJ ZRUNVKRSVRQWRSLFVVXFKDVSRS XODU VFLHQFH ZH HQDEOH FKLOGUHQ IURP GLYHUVH HWKQLF EDFNJURXQGV WRZRUNWRJHWKHU´VDLG%RMDQ0DU NLFHYLFOHDGHURIWKHJURXSFDOOHG &RQ6RO±DQDEEUHYLDWLRQIRU³FRQ Ã&#x20AC;LFWVROXWLRQ´ ³3URPRWLQJ WROHUDQFH DQG HPSRZHULQJFKLOGUHQWRGHDOZLWK HYHU\ GD\ EDWWOHV LV DW WKH FRUH RI WKHSURJUDP´KHVDLG 1HYHQ .XGXPLMD D VWXGHQW IURP&URDWLDVDLGWKHZRUNVKRS¶V ELJJHVWFRQWULEXWLRQLVWKHNQRZO HGJH WKDW SDUWLFLSDQWV EULQJ EDFN WRWKHLUXQLYHUVLWLHV

%VENT .LGV¶'D\DW,'&'HQWDO 7R FHOHEUDWH WKH ¿UVW DQQL YHUVDU\RI,'&'HQWDOWKHFOLQLF LV LQWURGXFLQJ .LGV¶ 'D\ 7KH ¿UVW RQH LV KDSSHQLQJ WRGD\ &KLOGUHQDJHVWRFDQPHHW GHQWDO FKDUDFWHUV VXFK DV 0U *ORYHV DQG WKH\ ZLOO UHFHLYH IUHH GHQWDO FKHFNXSV 7R UHJLV WHUHPDLOLQIR#LGFGHQWDOEMFRP ZLWK WKH FKLOG¶V QDPH DJH SDUHQW¶V QDPH DQG FRQWDFW QXPEHU :KHUH ,'& 'HQWDO 5RRP  %XLOGLQJ % :LQWHUOHVV &HQWHU  ;LGDZDQJ /X 'RQJFKHQJ'LVWULFW :KHQ$XJXVWSP 7HO &RVW)UHH 6+2:%2$75HRSHQLQJ 6+2:%2$7%HLMLQJ¶VRQO\ IORDWLQJ SDUW\ GHVWLQDWLRQ UHRSHQV WRPRUURZ 7KH UHIXU ELVKHG YHQXH RQ /LDQJPD 5LYHU IHDWXUHV WKUHH IORRUV RI FODVV\ OX[XULRXV VSDFH WKH WZROHYHO FDELQ DUHD LV VHW WR HQWHUWDLQ HOHFWURQLF PXVLF IDQV ZKLOH WKH XSSHU GHFN LV IRU SHRSOH ZDQWLQJ WR FKLOO RXWDQGHQMR\WKHULYHUEUHH]H ³6H[\ QDY\´ LV WKH GUHVV FRGH IRUWKHHYHQLQJ :KHUH 6+2:%2$7  /LDQJPDKH 1DQ /X &KDR\DQJ 'LVWULFW :KHQ$XJXVWVWDUWVSP 7HO &RVW)UHH

6WXGHQWVIURPGLIIHUHQWFRXQWULHVFDPHWR%HLMLQJIRUWKH VXPPHUZRUNVKRS 0HOTOPROVIDEDBY7ISER 5

%RVVD1RYDPXVLFQLJKW <LVKX  DUW JDOOHU\ LV VSRQVRULQJ D VHULHV RI ERVVD QRYD HYHQLQJV WR ZHOFRPH WKH FRROHU DXWXPQ HYHQLQJV 4XDU WHW'HVD¿QDGRD%HLMLQJEDVHG ERVVD QRYD JURXS ZLOO WDNH FHQWHUVWDJH :KHUH<LVKX&DEOH)DF WRU\/DQJMLD\XDQ-LDQJXR/X &KDR\DQJ'LVWULFW :KHQ$XJXVWSP 7HO &RVW\XDQ %\/LDQJ0HLODQ


$XJXVW

PLDRPD 6KH VDLG QRZ WKDW KHUGDXJKWHULVDOOKDVJURZQ XSVKHLVPDNLQJDUHDOLW\KHU GUHDPRIEXLOGLQJDFKLOGUHQ¶V OLEUDU\LQHYHU\FRUQHU %OXHPRRQ &KLOGUHQ¶V /LEUDU\ ZDV EXLOW E\ D IXOO WLPH KRPHPDNHU :DQJ /L ³,VSHQWWR\XDQ RQERRNVHYHU\PRQWK1RZ WKHOLEUDU\KDVERRNV´ :DQJVDLG 7KH OLEUDULHV GR QRW FKDUJH DQ\WKLQJ LI FKLOGUHQ UHDGWKHERRNVRQVLWH,ISDU HQWV ZDQW WR EULQJ VRPH RI WKHWRPHVKRPHIRUEHGWLPH UHDGLQJIDPLOLHVQHHGWRVLJQ XSIRUDPHPEHUVKLSSULFHG  WR  \XDQ D \HDU RU SD\DIHHIRURQHWLPHXVH ³7KLV VDYHV XV D ORW RI PRQH\ IURP EX\LQJ QHZ ERRNV´/LQJ6KDDPRWKHURI D\HDUROGER\VDLG 7KHVH OLEUDULHV QRW RQO\ GR QRW PDNH D SUR¿W ± WKH\ DUHDOVRGUDLQLQJPRQH\IURP WKHLU RZQHUV LQ WKH QDPH RI FRPPXQLW\ VHUYLFH ³,W LV GH¿QLWHO\ ORVLQJ PRQH\´ VDLG =KDQJ +RQJ IRXQGHU RI 0RVKH]L +XLEHQJXDQ D OLEUDU\ LQ +DLGLDQ 'LVWULFW ³:H QHHG WR VXEVLGL]H LWV RSHUDWLRQV ZLWK ZKDW ZH PDNHIURPRWKHUEXVLQHVVHV 0HPEHUVKLS FDQ JHQHUDWH

VRPHLQFRPHEXWLWZLOOWDNH DORQJWLPHMXVWWRPDNHWKH HQGVPHHW´VKHVDLG 3HHNDERRN+RXVHVSHQGV DERXW\XDQIRUUHQW DQG XWLOLW\ ELOOV HDFK \HDU ³7KHUHDUHPDQ\QHZPHP EHUV EXW IHZ UHQHZ WKHLU PHPEHUVKLS VR WKH LQFRPH LV VWLOO XQVWDEOH´ &KHQ WKH VWRUHPDQDJHUVDLG %OXHPRRQ &KLOGUHQ¶V /LEUDU\VSHQGVPXFKOHVVLQ FRPSDULVRQ±\XDQLQ UHQWD\HDU±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¶VOLEUDULHVLQ WKHQHLJKERUKRRGVDLG3HHN DERRN¶V&KHQ;LQ

3HHSDERRN±-LQVRQJ 7HERE&"UILDING "AIHUANJIA YUAN 3HUANGJING$ONG1IAO #HAOY ANG$ISTRICT /PEN$AILYEXCEPT-ONDAY AMn PM 4EL %MAILJINSONG PEEKALIBRARYORG 3HHNDERRN±6DQ\XDQ 7HERE2OOM& "UILDING 0HOENIX#ITY *IA3HUGUANG8I,I #HAOYANG$ISTRICT /PEN$AILYEXCEPT-ONDAY AMn PM 4EL  %MAILSANYUANQIAO PEEKALIBRARYORG 3HHNDERRN±:DQOLX 7HERE2OOM "UILDING "ISHUIYUN TIAN 7ANLIU:HONG,U (AIDIAN$ISTRICT /PEN$AILYEXCEPT7EDNESDAY  AMnPM 4EL  %MAILWANLIU PEEKALIBRARYORG %OXHPRRQ&KLOGUHQ¶V/LEUDU\ 7HERE2OOM!  (UAYUAN'ONGYU (UAYUAN$ONG,U (AIDIAN$ISTRICT /PEN$AILYEXCEPT-ONDAY AMnPM 4EL %MAILBLUEMOONREADING SINACOM 'UHDP.LG/DQG 4HISISANONLINECOMMUNITYWHEREPAR ENTSCANSHAREINFORMATIONONREADING ANDPICTUREBOOKS 7EBDREAMKIDLANDCN 0RKH]L+XLEHQJXDQ 7HERE#HENGFU,U (AIDIAN$ISTRICT /PENAMnPM 4EL 7EB(UICHOLBOOKSCOM

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

YHQXHV7LFNHWVFRVWWR\XDQZLWK WKHPRVWH[SHQVLYHEHLQJWKHRSHQLQJ FHUHPRQ\¶VDWWR\XDQ6WXGHQWV JHWSHUFHQWRIIH[FHSWIRUWKHRSHQ LQJFHUHPRQ\ 1DWLRQDO2O\PSLF6SRUWV&HQWHU :KHUH  $Q¶GLQJ /X &KDR\DQJ 'LVWULFW 7HO %HLMLQJ 6FLHQFH DQG 7HFKQRORJ\ 8QLYHUVLW\ :KHUH  ;XH\XDQ /X +DLGLDQ 'LVWULFW 7HO &KLQD$JULFXOWXUDO8QLYHUVLW\ :KHUH4LQJKXD'RQJ/X+DLG LDQ'LVWULFW 7HO

*ACKY#HANISTHELEADSINGERFORTHEOPENINGCEREMONYOF 3PORTACCORD#OMBAT'AMES 0HOTOBY#HIZI#&0

,¶P VWDUWLQJ D QHZ EXVLQHVV LQ %HLMLQJ DQG , QHHG WR EXLOGDZHEVLWH'R\RXKDYH DQ\ JRRG OHDGV RQ FRPSD QLHVWKDWFDQKHOSZLWKEXLOG LQJ KRVWLQJ DQG UXQQLQJ D VLPSOHZHEVLWH" 7U\ GDWDFRP ,W LV RQH RI WKHPRVWUHOLDEOHZHEVLWHEXLOGHUV LQ WRZQ 7KH\ DOVR SURYLGH VHU YLFHVOLNHGRPDLQQDPHUHJLVWUD WLRQGRPDLQDSSUDLVDORQOLQH¿OH VWRUDJHDQGVHFXULW\VRFNHWOD\HU FHUWL¿FDWLRQ VVO  7KH\ KDYH WDO HQWHGJUDSKLFGHVLJQHUVDQGH[SH ULHQFHGWHFKQLFLDQVZKRZRQ¶WOHW \RXGRZQ&DOOIRU PRUH LQIRUPDWLRQ RU YLVLW WKHLU ZHEVLWHWRVHHVDPSOHV ,KDYHD+RQGD&%DQG, WKLQN ULGLQJ D PRWRUELNH LQ %HLMLQJLVJUHDWEXWGRLQJLW ZLWK RWKHU ULGHUV LV EHWWHU 'R \RX NQRZ RI DQ\ ELNH FOXE WKDW DUUDQJHV RXWLQJV DQG UDFHV DQG ZKHUH , FDQ PDNHIULHQGV" <RXFDQWU\6XQQ\&OXERQH RI WKH FLW\¶V ELJJHVW PRWRUELNH FOXEVZLWKPRUHWKDQDKXQGUHG PHPEHUV ,W RUJDQL]HV HYHQWV VXFK DV PRWRUELNH UDFHV DQG ULGHV RXW RI WRZQ <RX FDQ ¿QG RXW IURP FRPHPEHUV WKH PRVW LQWHUHVWLQJELNHURXWHVLQWKHFLW\ DQG WKH EHVW PRWRUELNH UHSDLU PHQ ,WV RI¿FH LV ORFDWHG DW  /HQJTXDQ'RQJOX+DLGLDQ'LV WULFW7HO  ,NHHSKHDULQJDERXW&KLQD¶V KXNRX V\VWHP LQ WKH PHGLD EXW GRQ¶W UHDOO\ XQGHUVWDQG KRZ LW ZRUNV &DQ \RX UHF RPPHQG D ZHEVLWH ZKHUH , FDQ JHW PRUH LQIRUPDWLRQ" ,¶P UHDOO\ FXULRXV DERXW LW VLQFH LW VHHPV WR SOD\ D ELJ UROHLQSHRSOH¶VOLYHV +XNRXRUWKHKRXVHKROGUHJ LVWUDWLRQV\VWHPKDVDKXJHLQÃ&#x20AC;X HQFHRQ&KLQHVHSHRSOH¶VOLIHDQG ZRUN ,W KDV VRPHWKLQJ WR GR ZLWK RQH¶V KRXVLQJ MRE VRFLDO ZHOIDUHDQGFKLOGUHQ¶VHGXFDWLRQ )RU PRUH LQIRUPDWLRQ FRQWDFW &KLQD &XOWXUH &HQWHU &&&  D &KLQHVHFXOWXUDOHYHQWRUJDQL]HU ZKLFKKHOGDOHFWXUHRQWKHWRSLF VHYHUDO GD\V DJR 7KH\ FDQ SUR YLGH\RXZLWKDUHFRUGLQJRIWKH HYHQW RU LQWURGXFH \RX WR WKH VSHDNHU -LQ 7DR -LQ FDQ JLYH \RXVRPHUHDGLQJUHIHUHQFHV&DOO &&&DW %\/LDQJ0HLODQ

1HZVXFDQXVH

:H¶UHJRLQJWR+XQJDU\DQG 5RPDQLD LQ 2FWREHU DQG PRVW FDU UHQWDO DGYLFH VD\V WRJHWDQ,QWHUQDWLRQDO'ULY LQJ3HUPLW ,'3 EHIRUH\RX OHDYH KRPH VR , ZDV ZRQ GHULQJLIWKHUHLVDQ\ZD\WR GRLWKHUHLQ%HLMLQJ &KLQD GRHV QRW KDYH RU UHF RJQL]H ,'3 +RZHYHU \RX FDQ REWDLQ D &KLQHVH GULYLQJ OLFHQVH ¿UVW%HIRUH\RXOHDYHIRUDEURDG JHW \RXU &KLQHVH GULYLQJ OLFHQVH WUDQVODWHGDQGQRWDUL]HG ,W KHOSV \RX DSSO\ ,'3 RU D WHPSRUDU\OLFHQVHLQRWKHUFRXQ WULHV HDVLHU 2U HYHQ LQ VRPH FRXQWULHV\RXFDQMXVWGULYHZLWK \RXU&KLQHVHGULYLQJOLFHQVHDQG LWVWUDQVODWHGGRFXPHQW

%DITOR7EI9ING$ESIGNER$ENG.ING

#&00HOTO %\$QQLH:HL &KLQHVH SDUHQWV ZLWK VFKRRODJHFKLOGUHQWDNHWKLV VD\LQJ YHU\ VHULRXVO\ ³,W WDNHV\HDUVWRJURZDWUHH EXWDKXQGUHG\HDUVWRFXOWL YDWHDPDQ´7KHJRRGQHZV IRU 3D DQG 0D LV WKDW WKHUH DUH QRZ DW OHDVW  SXEOLF FKLOGUHQ¶V OLEUDULHV LQ WRZQ WR IRVWHU FKLOGUHQ¶V QDWXUDO FXULRVLW\DQGFUHDWLYLW\7KH\ DUHDOOSURGXFWVRIWKHYLVLRQ RIDKDQGIXORIPRWKHUV 3HHNDERRN+RXVHWKHELJ JHVWRIWKHORWKRXVHV &KLQHVH DQG (QJOLVK FKLO GUHQ¶V WLWOHV LQ LWV ¿UVW VWRUH LQ+DLGLDQ'LVWULFW³0DQ\RI WKHERRNVZHUHEURXJKWIURP WKH 86 E\ WKH VWRUH¶V IRXQG HUV´WKHPDQDJHU&KHQJ;LQ VDLGUHIHUULQJWRWKH&KLQHVH PRWKHUV ZKR RSHQHG 3HHN DERRN LQ  DIWHU VSHQG LQJ D IHZ \HDUV LQ WKH 86 ZKHUH WKH\ GLVFRYHUHG FKLO GUHQ¶VOLEUDULHV 'RXGLQJ &OXE¶V &KLO GUHQ¶V /LEUDU\ VWDUWHG RXW ZLWKERRNVDSHWSURM HFW RI  PRWKHUV EDVHG LQ +DLGLDQ¶V 6KLMLHFKHQJ UHVL GHQWLDOEXLOGLQJ 7KH  SLFWXUH ERRNV LQ DQRWKHU OLEUDU\ 0\ *RRG )ULHQG&KLOGUHQ¶V%RRNZHUH GRQDWHGE\LWVIRXQGHU0LDR

!3+

(PDLO\RXUTXHVWLRQVWR ZHL\LQJ#\QHWFRP

"%)*).'4/$!9

0RIVATECHILDRENSLIBRARIES BOOMINGIN"EIJING

 "EIJING4ODAY


$XJXVW 

"%)*).'4/$!9

%DITOR(E*IANWEI$ESIGNER$ENG.ING% MAILYUSHANSHAN

YNETCOM

&HQWHUVWDJH



6KOGVQTGV /HDGLQJDUWLVWVDVVHPEOHWRGH¿QHFRQWHPSRUDU\DUW

%\+H-LDQZHL

4HE#HINA!VANT 'ARDE%XHIBITION HELDATTHE.ATIONAL!RT-USEUMOF#HINAYEARSAGO WASTHElRSTTIMEMANYINTHE7ESTSAWCONTEMPORARY#HINESEART #RITICSOFTHEDAYCALLEDITTHElNALCURTAINFORTHE.EW7AVE!RT-OVEMENT AVAGUEPERIODOFTIMEINTHEMID SWHEN#HINESE!VANT 'ARDEEMERGED )NTHEYEARSSINCE THESEARTISTSHAVEWONATTENTIONWITHTHEIREXHIBITIONSABROADANDHAVEBROKENAUCTIONRECORDSAROUNDTHEWORLD ,ASTYEAR REPRESENTATIVEARTISTSFROMVARIOUSPERIODSANDSCHOOLSOFTHELASTYEARSWEREASSEMBLEDFORTHElRSTTIMEATTHENEWLYFOUNDED#ONTEMPORARY!RT! 4HESELEADERSRETURNEDTOTHEMUSEUMLAST7EDNESDAYTOSHOWTHEIRLATESTPAINTINGS SCULPTURESANDINSTALLATIONSINANEXHIBITWHICHISITSELFTHEHISTORYOF#HINASC

$

JLDQWVWDLQOHVVVWHHOVFXOSWXUH RIDODXJKLQJPDQZHOFRPHV YLVLWRUVDWWKHIURQWJDWHRI WKH1DWLRQDO$UW0XVHXPRI &KLQD7KHIDFH±LWVPRXWKRSHQDQG H\HVFORVHG±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¿ FLDOUHFRJQLWLRQRIFRQWHPSRUDU\DUWDQG DOORIWKHDSSRLQWHHVH[FHSW&DL*XRTLDQJ KDYHZRUNVRQGLVSOD\ 0DQ\RIWKHDUWLVWVWRGD\LQWKHLU VDQGVZHUHIRUPHUO\UHJDUGHG DVGHYLDQWV <XHDQDUWLVWRIWKHF\QLFDOUHDOLVW VW\OHZDVDIRUPHUPHPEHURIWKH<XDQ PLQJ\XDQ$UWLVW9LOODJHRQHRIWKH¿UVW SDLQWLQJYLOODJHVIRUPHGLQWKHV 7KHGHFDGHZDVPDUNHGE\LQWHQVH DUWLVWLFH[SORUDWLRQDQGEUHGPDQ\WDO HQWVDQGLWVDVVRFLDWHGFRPPXQDOOLIH HQFRXUDJHGQHZLGHDV0DQ\ZRUNVIURP WKHSHULRGDVNTXHVWLRQVDERXWHYHU\

WKLQJIURPWKHPHDQLQJRIVXFFHVVWRWKH UROHRIJHQGHU0DQ\TXHVWLRQWKHQDWXUH RIDUWLWVHOI ,QWKHJRYHUQPHQWHYLFWHGWKH FRPPXQLW\DQGWKHDUWLVWVPLJUDWHGWR 6RQJ]KXDQJSDUWRIDJUHDWHUWUHQGRI DUWLVWVPLJUDWLQJDZD\IURPFLW\FHQWHUV )DQJ/LMXQWKHOHDGHURIWKHF\QLFDO UHDOLVWPRYHPHQWZDVDQRWKHUDUWLVW DSSRLQWHGE\WKHDFDGHP\+LVSRUWUDLWV RIEDUHKHDGHG\RXQJPHQFKDOOHQJHG RUWKRGR[WKRXJKWDQGSUHVHQWHGDFRP PXQLW\RIPRQNOLNHPHQORRNLQJLQZDUG :DQJ*XDQJ\LDQG=KDQJ;LDRJDQJ WKHWRSWZRFRQWHPSRUDU\SDLQWHUVZHUH DOVRDSSRLQWHGE\WKHDFDGHP\ 7ZRRI:DQJ¶VZRUNVDODUJHVFDOH LQVWDOODWLRQ9LVDFUHDWHGLQDQG WKHRLORQFDQYDV0HWKRGRORJ\RI3HR SOH¶V:DUFUHDWHGLQDUHSUHVHQW DWWKHH[KLELWRQ :DQJZDVRQHRIWKHSLRQHHUVRI&KL QHVHSRSDUW,Q9LVDKHGUHZRQQDWLRQDO V\PEROVXVHGDWWKHYLVDRI¿FHVRIHPEDV VLHVDURXQGZRUOGWRHPSKDVL]HWKHGLV WDQFHEHWZHHQFRXQWULHV %HVLGHVGURSSLQJLQVRPHRIWKH ZRUOG¶VPRVWUHFRJQL]DEOHEUDQGQDPHV DQGORJRVOLNH&RFD&ROD9LVDDQG 0F'RQDOG¶V:DQJ¶V&KLQHVHSRSDUWDOVR LQFRUSRUDWHVPRUHGRPHVWLFLPDJHU\OLNH ZRUNHUVSHDVDQWVDQGVROGLHUV /LNH:DQJ=KDQJKDVHPSKDVL]HGWKH UROHRIKLVWRU\DQGPHPRU\LQWKHSUHV HQW+LVZRUNVIRFXVRQWKHUHODWLRQVKLS EHWZHHQSDVWPHPRU\DQGKLVWRU\ =KDQJFRQWULEXWHGKLV*UHHQ:DOO VHULHVWRWKHH[KLELWLRQ,QWKHVDQG VDFRPPRQSUDFWLFHLQKRPHGHFR UDWLRQZDVWRSDLQWWKHERWWRPSDUWVRI LQWHULRUZDOOVJUHHQ7KHSUDFWLFHHYHQ

H[WHQGHGWRKRVSLWDOVVFKRROVDQGJRY HUQPHQWRI¿FHV ,QWKHVSLULWRIFROOHFWLYLVPWKHUH ZDVQRGLIIHUHQFHEHWZHHQSULYDWHDQG SXEOLFVSDFHV=KDQJXVHGWKHJUHHQZDOO DVDV\PERORIWKHERXQGDU\EHWZHHQ SULYDWHDQGSXEOLFVSDFHVDQGWKHSV\ FKRORJLFDOHIIHFWVRIOLYLQJLQVXFKDQRQ VHJUHJDWHGVSDFH ³:KLOHWKHVHDUWLVWVFDQQRWUHSUH VHQWWKHFRXQWU\¶VHQWLUHFRQWHPSRUDU\ DUWVFHQHWKHLUSHUVRQDOLWLHVDQGH[SHUL HQFHVGRUHÃ&#x20AC;HFWWKHVSLULWWKDWKDVJXLGHG LWWKHVHSDVW\HDUV´)DQ'L¶DQGLUHFWRU RIWKH1DWLRQDO$UW0XVHXPVDLG /XR=KRQJOLSUHVLGHQWRIWKHDFDG HP\VDLGKLVLQVWLWXWLRQZLOOFRQWLQXH WRDSSRLQWDUWLVWVDVLWEXLOGVDSURJUDP WKDWFDQIDFLOLWDWHDUWFUHDWLRQUHVHDUFK DQGHGXFDWLRQ $SSRLQWHGDUWLVWVGRQRWUHFHLYHVDOD ULHVEXWWKH\DUHJUDQWHGODUJHEXGJHWV IRUDUWSURMHFWVDIWHUIRXU\HDUVRIWHQXUH ,QWKHSDVWWKUHHGHFDGHVFRQWHP SRUDU\&KLQHVHDUWKDVGHYHORSHGLQ DQHQYLURQPHQWIDUGLIIHUHQWIURPWKH :HVW¶VDQGGHVSLWHLWVIDPHQRRUJD QL]HGV\VWHPRISXEOLFPXVHXPVJDOOHU LHVRUDWUDLQLQJEDVHIRUIXWXUHDUWLVWV KDVEHHQGHYHORSHG %HFDXVHWKHDUWLVWVDQGDUWRUJD QL]DWLRQVKDYHEHHQZRUNLQJLQGHSHQ GHQWO\³RQHRIWKHPDLQWDVNVIRU &$$&LVWREXLOGDFRQWHPSRUDU\DUW PXVHXP´/XRVDLG ³:KHQ\RXJRWR3DULVRU1HZ<RUN WKH\KDYHPXVHXPVERWKIRUFODVVLFDO DUWDQGIRUFRQWHPSRUDU\DUW$VFRQ WHPSRUDU\&KLQHVHDUWKDVJURZQLWLV WLPHIRU&KLQDWRKDYHLWVRZQ*XJJHQ KHLPRU020$´

³:KLOHWKHVHDUWLVWVFD UHVHQWWKHFRXQWU\¶VHQWLUH UDU\DUWVFHQHWKHLUSHUVR H[SHULHQFHVGRUHÃ&#x20AC;HFWWKH KDVJXLGHGLWWKHVHSDVW

±)DQ'L¶DQGLUHFWRURIWKH1

E\)DQJ/LMXQ

%DGJHE\/LQ7LDQPLDR


$XJXVW 

0HWKRGRORJ\RI3HRSOH¶V:DUE\:DQJ*XDQJ\L

!CADEMYOF#HINA CONTEMPORARYART

&HQWHUVWDJH

VWTP



3ROLW6KHHU)RUPE\6RQJ'RQJ

7LEHW4LQJKDL5DLOZD\E\/LX;LDRGRQJ

/XR=KRQJOLSUHVLGHQWRI&RQWHPSRUDU\$UW$FDGHP\RI&KLQD

±/XR=KRQJOLSUHVLGHQWRI&RQWHPSRUDU\$UW$FDGHP\RI&KLQD

%DITOR(E*IANWEI$ESIGNER$ENG.ING

1DWLRQDO$UW0XVHXP

³:KHQ\RXJRWR3DULVRU1HZ<RUNWKH\KDYH PXVHXPVERWKIRUFODVVLFDODUWDQGIRUFRQWHP SRUDU\DUW$VFRQWHPSRUDU\&KLQHVHDUWKDV JURZQLWLVWLPHIRU&KLQDWRKDYHLWVRZQ*XJ JHQKHLPRU020$´

7KH&RQVWUXFWHG'LPHQVLRQ &KLQHVH&RQWHPSRUDU\$UW,QYLWDWLRQDO ([KLELWLRQ :KHUH7KH1DWLRQDO$UW0XVHXPRI&KLQD:XVL'DMLH 'RQJFKHQJ'LVWULFW :KHQ8QWLO6HSWHPEHUGDLO\DP±SP $GPLVVLRQ\XDQ 7HO %HQGHG'LPHQVLRQE\<XH0LQMXQ

"%)*).'4/$!9

DQQRWUHS HFRQWHPSR RQDOLWLHVDQG HVSLULWWKDW \HDUV´

0HOTOSPROVIDEDBYTHE.ATIONAL!RT-USEUMOF#HINA


$XJXVW

"%)*).'4/$!9

%DITOR(E*IANWEI$ESIGNER:HAO9AN

%RRN



#APITALISM AS NATURAL NOMORE %\&KDUOHV=KX VXFK³LQGXVWULDOOHYLDWKDQV´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³DVWDUWOLQJGHSDUWXUH <HVHYHQLQWKHDVSLULQJ IURPWKHQRUPVWKDWKDGSUH ODLVVH]IDLUH86 YDLOHGIRU\HDUV´RQH ,QWKHSHULRGEHWZHHQ WKDWSHUPLWWHGDQHZPHQWDO DQGWKH86 LW\ZKHUHSULYDWHLQGLYLGXDOV JRYHUQPHQWLQFUHDVHGLWV FRXOGSXUVXHSUR¿WV VXSSRUWRIUHVHDUFKDQG 7KLVWKHRU\IROORZVLQWKH GHYHORSPHQWWLPHVXQWLO IRRWVWHSVRI-RVHSK6FKXP LWZDVIXQGLQJSHUFHQW SHWHUWKH$XVWULDQHFRQ RIWKHQDWLRQDOHIIRUWV,W RPLVWZKRVDLGPRGHUQ KHOSHGIXQGUHVHDUFKDW,%0 HFRQRPLFV\VWHPV³LQFHV WKDWEURXJKWPDQ\WHFKQR VDQWO\UHYROXWLRQL]HWKH ORJLFDOEUHDNWKURXJKVVXFK HFRQRPLFVWUXFWXUHIURP DVWKH,QWHUQHW ZLWKLQLQFHVVDQWO\GHVWUR\ 6KHDOVRWRXFKHVRQWKH LQJWKHROGRQHLQFHVVDQWO\ UHFHQW¿QDQFLDOFULVLVD 4HE2ELENTLESS2EVOLUTION FUHDWLQJDQHZRQH´ SDUWLFXODUPRPHQWLQWKH !(ISTORYOF#APITALISM ,QGHHGFDSLWDOLVPLV KLVWRU\RIFDSLWDOLVP%XW "Y*OYCE!PPLEBY PP 77.ORTON GULYHQE\ZDYHVRIHQWUH UDWKHUWKDQEODPHLWDOORQ SUHQHXULDOLQQRYDWLRQD #OMPANY  :DOO6WUHHWH[HFXWLYHVIRU ³SHUHQQLDOJDOHRIFUHDWLYH WKHLUH[RUELWDQWFRPSHQVD 6PLWKEXLOWDFDVHWKDWWKHHOHPHQWV GHVWUXFWLRQ´ WLRQSDFNDJHVRUWKHJRY RIDQ\HFRQRP\DUHÃ&#x20AC;XLG7KLVUHDOL]D &DSLWDOLVP¿UVWVXUIDFHGLQWKH HUQPHQWIRUGHUHJXODWLQJLWV¿QDQFLDO WLRQ±DUHYROXWLRQRIWKHPLQG±WRWDOO\ V\VWHPVKHVLPSO\QRWHVWKHQHHG 1HWKHUODQGVEXWLWZDV%ULWDLQWKDW FKDQJHGSHUFHSWLRQVRIXVXU\DQGMRLQW ZRXOGEHLWVWUXHFUDGOH IRUVRPHJRYHUQPHQWFRQWURORIWKHVH VWRFNFRPSDQLHV %\WKHODWHWKFHQWXU\WKH H[FHVVHV ³7KHUHFDQEHQRFDSLWDOLVPZLWK QXPEHURIWKH%ULWLVKIDUPHUVKDG 0RVWRIDOO$SSOHE\LVRSWLPLVWLF RXWDFXOWXUHRIFDSLWDOLVP´VKHZULWHV GURSSHGIURPSHUFHQWRIWKHSRS DERXWWKHIXWXUH 6KHH[SRVHVWKHLJQRPLQLRXVIRUFHV XODWLRQWRKDOIGXHWRDGYDQFHVLQ ³7KHUHLVQRUHDVRQWRWKLQNWKDW WKDWKDYHEHHQFUHDWHGWRVXSSRUWSURI FRPPHUFLDODJULFXOWXUH7KHWUDQV VRFLHWLHVZRQ¶WFRQWLQXHWRPRGLI\DQG LWVOLNHWKH$IULFDQVODYHWUDGHDQGWKH IRUPDWLRQKHOSHGFUHDWHWKHKXJH PRQLWRUWKHLUHFRQRPLHVLQSXUVXLWRI 'LFNHQVLDQVZHDWVKRSV SRRORIVXUSOXVODERURQZKLFKFDSL VKDUHGJRDOV´VKHZULWHV +RZHYHUVKHIRFXVHVPRVWRQFDS WDOLVPIHHGV :KLOHKHUFDSLWDOLVPLVDUHOHQWOHVV LWDOLVWHQWHUSULVHDQGLQQRYDWRUVIURP $SSOHE\UHYLHZVDJHQHUDWLRQRI UHYROXWLRQLWLVQRWDPLQGOHVVRQH -DPHV:DWWWR-RVLDK:HGJZRRGDQG HFRQRPLVWVZKRORQJEHIRUH$GDP

4RENDS,OUNGE BOOKLISTING /RFDWHGDW7KH3ODFH7UHQGV /RXQJHLVDERRNVWRUHDQGFDIHZLWK DZLGHVHOHFWLRQRILQWHUQDWLRQDODUW GHVLJQDQGDUFKLWHFWXUHERRNV

7KH*UHDW/,)(3KRWRJUDSKHUV (GLWHGE\-RKQ/RHQJDUGDQG *RUGRQ3DUNVSS/LWWOH%URZQ \XDQ 7KLVWH[WH[SORUHVWKHFDUHHUVRI HYHU\/,)(PDJD]LQHVWDIISKRWRJUD SKHURIWKHWKFHQWXU\DVZHOODVD KDQGIXORIRWKHUVFORVHO\DI¿OLDWHGZLWK WKHPDJD]LQHLQFOXGLQJ$OIUHG(LVHQ VWDGW0DUJDUHW%RXUNH:KLWH*RUGRQ 3DUNV(XJHQH6PLWKDQG-RH0F1DOO\

7DQN7RR (GLWHGE\0DVRXG*ROVRUNKLDQG $QGUHDV/DHXIHUSS7KDPHV  +XGVRQ\XDQ 6LQFHLWVLQFHSWLRQLQ7DQN PDJD]LQHKDVEHHQDWWKHYDQJXDUGRI IDVKLRQSXEOLVKLQJ7KLVERRNVKRZV WKHEHVWDQGEULJKWHVW\RXQJSKRWRJ UDSKHUVLOOXVWUDWRUVDQGVW\OLVWVWKDW KDYHJUDFHGWKHODUJHIRUPDWPDJD ]LQHGXULQJWKHODVWHLJKW\HDUV

4HREEDECADESOFSTORIES CROSSTHE3TRAITS

%\+H-LDQZHL 7KHUHDUHWZRWKLQJVWKDW KDYHGULYHQ7DLZDQHVHZULWHU &KX7LHQZHQ¶VSDVVLRQIRUWKH ODQJXDJHDUWVWKHVH\HDUV WKHGHVLUHVWRXQHDUWKKXPDQLW\ DQGWRUHFRUGPRGHUQWLPHV 6KDQJKDL7UDQVODWLRQ3XE OLVKLQJ+RXVHUHOHDVHGPDLQ ODQGHGLWLRQVRIIRXURI&KX¶V ERRNVWKLV$SULO7KHWKUHHFRO OHFWLRQVRIVKRUWVWRULHVDQG RQHRIHVVD\VUHSUHVHQWKHU ZULWLQJVIURPWR :KHQVKHZDVJURZLQJXS &KX¶VIDWKHUZDVDZULWHUDQG KHUPRWKHUDWUDQVODWRUWKH IDPLO\SDVVLRQIRUZRUGVIRXQG &KXGXULQJKHU¿UVW\HDURI KLJKVFKRRO +HU¿UVWERRN7KH/HJHQG SS\XDQ FROOHFWV VKRUWVWRULHVZULWWHQEHWZHHQ DQG(DFKLVGUDZQ

IURPKHUFDPSXVOLIHDQG FDSWXUHVWKH\RXWKIXOH[FLWH PHQWDQGFRQIXVLRQRI7DL ZDQ¶VVRFLDOUHIRUPVLQWKH VDQGV'XULQJWKRVH WXUEXOHQW\HDUVPDQ\SHRSOH ZKRKDGEHHQORQJRSSUHVVHG EHFDPHVXGGHQO\HFRQRPLFDOO\ OLEHUDWHGPHPEHUVRIWKH LVODQG¶VQHZPLGGOHFODVV &KX¶VVHFRQGSKDVHRIZULW LQJEHJDQZKHQVKHJUDGXDWHG IURP7DP.DQJ8QLYHUVLW\ +HUVHFRQGERRN$&LW\RI +RW6XPPHU SS\XDQ  FRPSLOHVVKRUWVWRULHVZULW WHQIURPWR ³,ZDVVROXFN\WKDW,H[SH ULHQFHGWKH1HZ:DYHFLQHPD PRYHPHQWLQ7DLZDQLQ $OOWKHVHVWRULHVZHUHEDVHGRQ PRYLHVFULSWV,ZURWHGXULQJ WKRVH\HDUV´&KXVDLG 7KH1HZ:DYH¿OPVZHUH

NQRZQIRUUHDOLVWLFGRZQWR HDUWKDQGV\PSDWKHWLFSRUWUD\ DOVRI7DLZDQHVHOLIH7KHVH ¿OPVSRUWUD\HGJHQXLQHVWRULHV RISHRSOHOLYLQJHLWKHULQXUEDQ RUUXUDO7DLZDQ &KX¶VVFULSWVZHUHZULWWHQ IRU+RX+VLDR+VLHQDOHDGLQJ ¿JXUHLQWKH1HZ:DYHFLQHPD PRYHPHQWDQGWKHGLUHFWRURI $7LPHWR/LYH$7LPHWR 'LHWKHZLQQHURIWKH,QWHU QDWLRQDO)HGHUDWLRQRI)LOP &ULWLFV3UL]H)RUXPRI1HZ &LQHPDDWWKH%HUOLQ ,QWHUQDWLRQDO)LOP)HVWLYDO &KX¶VWKLUGFROOHFWLRQ)LQ GH6LHFOH6SOHQGRU SS \XDQ EULQJVWRJHWKHUHLJKW VKRUWSRUWUDLWVRIVROLWDU\ XUEDQOLIHZULWWHQIURPWR ,WVQDPHZDVVHOHFWHGDV DZRUGDQG\HDUSOD\RQ$XV WULDQV\PEROLVWSDLQWHU*XVWDY

&KX7LHQZHQWDONVDERXWKHU \HDUFDUHHU 1I3HANGMIN#&0 .OLPWZKRVHDUWZDV FDOOHGWKH³¿QGHVLHFOHHOH JDQFH´&KXVDLG 7KHODVWYROXPH7KH2QH ,/RYH/LYHV6RXWKRI*UHDW 2FHDQ SS\XDQ FRQ WDLQVHVVD\VZULWWHQEHWZHHQ DQGLQZKLFKVKH REVHUYHVDUWFLQHPDOLWHUDWXUH DQGVRFLDOFKDQJH &KXFRQWLQXHVWRUHH[DPLQH WKHSDVWWRLQWHUSUHWLWLQKHU RZQZD\LQKHUODWHVWZULWLQJV

1HZ7HFKQRORJLHV3URGXFWV )URP3KDLGRQ'HVLJQ&ODVVLFV (GLWHGE\3KDLGRQ3UHVVSS 3KDLGRQ3UHVV\XDQ 7KHREMHFWVLQWKLVFROOHFWLRQDUH SUHVHQWHGFKURQRORJLFDOO\EHJLQQLQJ ZLWKDQHOHJDQWSDLURI&KLQHVHERQVDL VFLVVRUVIURPWKHHDUO\VVWLOO LQSURGXFWLRQWRGD\2QJODQFLQJ WKURXJKWKHYROXPHVWKHUHDGHUZLOO JDLQDQXQGHUVWDQGLQJQRWRQO\RIWKH KLVWRU\RIGHVLJQEXWWKHKLVWRU\RI WDVWHDQGFXOWXUH %\+H-LDQZHL


$XJXVW



7UHQG

7EBOFFERS@"USINESS FORMUSICIANS

%\:DQJ<X 4HE)NTERNETERAISCHANGINGTHEMUSICINDUSTRY -0S HAVE DECIMATED #$ SALES CONTRACTS WITH RECORD LABELS NO LONGERGUARANTEETHATMUSICWILLSPREADMUSICIANSSELLSONGSDIRECTLY TOTHEIRFANSLIVECONCERTSARETHENEWWAYTOMAKEALIVINGANDVINYL RELEASESATTRACTVINTAGEMUSICLOVERSTONEWBANDS (OWDOESANARTISTSURVIVEINTHISTUMULTUOUSNEWWORLD -USICIAN'UIDE A#HINESEWEBSITEBUILTTOSHAREINFORMATIONABOUT NEW WAYS TO PROMOTE MUSIC HAS THE ATTENTION OF THE INDUSTRY "UT IT MAYHAVEATOUGHBATTLETOWINATTENTIONWITHITSLIMITEDMARKETCAPAC ITYANDlCKLE#HINESEAUDIENCE)TTAKESMORETOADAPTAMODELFORTHE DOMESTICMARKET

SNAME  STEPS TO BUILD ABAND &UHDWHDORJRWKDWLVUHPDUNDEOH DQGHDV\WRUHFRJQL]H

 



5HJLVWHURQGRXEDQ DVDQDUWLVW8SORDG WUDFNVRQ\RXUSDJHDQG LQYLWHRWKHUVWRIROORZ

7U\XVLQJ0\6SDFH¶V&KL QHVHHGLWLRQDQG1HZFKDWR H[SDQG\RXUQHWZRUN

)LOP\RXUJLJVDQG XSORDGWKHYLGHRVWR 7XGRXRU<RXNXDQG OHDYHWKHOLQNVRQWKH EDQG¶VSDJH

&RQWDFWSURPRWHUV WRMRLQOLYHVKRZVDQG SOD\ZLWKWKHXQGHU JURXQG¶VELJQDPHV

 

%DITOR7ANG9U$ESIGNER:HAO9AN

&KLQDIRUDQ([SRJLJ7KHQWKHSURPRWHU 6SOLW:RUNVRUJDQL]HGDWRXUIRUWKHPDQG WKHGLJLWDOPXVLFFRPSDQ\5*WRRNFKDUJHRI WKHLUGLJLWDOPXVLFGLVWULEXWLRQZHZRUNHGDVD FRRUGLQDWRU´KHVDLG (DFKDJHQF\WRRNFDUHRIRQO\LWVRZQMRE EXWZKHQWKH\FDPHWRJHWKHUWKHHIIHFWZDV UHPDUNDEOH 2IFRXUVHWKHVHWUHQGVFDQKDUGO\VXPPD UL]HWKHHQWLUHLQGLHVFHQH :KLOHWKHODVWJHQHUDWLRQRIXQGHUJURXQG DUWLVWVPDGHDQDPHIRUWKHPVHOYHVWKURXJK \HDUVRIKDUGZRUNWRGD\¶V\RXQJPXVLFLDQV DUHXQZLOOLQJWRVWUXJJOHDQGLQVWHDGWDNLQJ VWUDLJKWMREV )RUPDQ\FRQWHPSRUDU\LQGLHDUWLVWVPXVLF LVDSDVWLPH ³>%XW@LIDQDUWLVWFRXOGHDUQPRQH\IURP KLVPXVLFRUOLYHFRQFHUW,WKLQNKHZRXOG SUREDEO\TXLWKLVMRE´0DVD\V $WWZRJLJVSHUPRQWKSOD\HGWRDQDXGL HQFHRIDQGD\XDQWLFNHWSULFHDUWLVWV FRXOGHDUQDWOHDVW\XDQHYHU\PRQWK 7KH\FDQDOVRHDUQPRQH\E\VHOOLQJ&'V 6RPHWLPHVDOODQDUWLVWKDVWRGRLVPDNH KLPRUKHUVHOISRSXODURQ'RXEDQ´0DVD\V +LV0XVLF*XLGHDOVRKDVOHVVRQVWRWHDFK LQGLHDUWLVWVWRVKRRWFUHDWLYHPXVLFYLGHRV RQDEXGJHW3RSXODUYLGHRVRQ<RX7XEHDUH FKRVHQDVH[DPSOHVDQGWKHVLWHOLVWVHYHU\ VWHSRIWKHSURFHVVLQFOXGLQJUHOHYDQWWHFK QLTXHVLQ$GREH3UHPLHUH %XWPXFKRIWKHLQIRUPDWLRQIRUKRZWRWXUQ DSUR¿WUHPDLQV(QJOLVKRQO\ ³7KHRYHUVHDVLQGLHPXVLFVFHQHLVPDWXUH ,¶YHQRWLFHGWKDWPDQ\RIWKHVLWHV0XVLFLDQ *XLGHOLQNVWRDUHLQ(QJOLVK´VD\V&KDVH] =KDRPXVLFFULWLF :KLOHWKHLUDGYLFHPD\PDNHVHQVH IRUIRUHLJQDUWLVWVWKLQJVDUHYHU\GLIIHU HQWLQ&KLQD )RUWKRVHWU\LQJWRUHDFKWKHODUJHUDXGLHQFH WKH,QWHUQHWFRXSOHGZLWKDJJUHVVLYHVHOIPDUNHW LQJPLJKWEHWKHRQO\RSWLRQ´=KDRVD\V %XWEHZDU\RIWKHHQHZEXVLQHVVSDUWQHUV (YHQPXVLFLDQVZKRFLUFXODWHWKHLUVRQJVIRUIUHH WRSURPRWHWKHEDQGFDQHQGXSWUDSSHG6HYHUDO XQVFUXSXORXVFRPSDQLHVDUHNQRZQWRSUR¿WRII VRQJVWRZKLFKWKH\GRQRWRZQDFRS\ULJKW ³,Q&KLQDDUWLVWVDUHDOODWDGLVDGYDQWDJH 7KH\JHWVXFNHGLQWRXQIDLUGHDOVZLWKUHFRUG ODEHOVDQGIHVWLYDOVEHFDXVHWKH\WKLQNWKRVHDUH WKHRQO\ZD\VWRVSUHDGWKHLUPXVLF´/LVD\V 0XVLF*XLGHDQG0D¶VFRQVXOWLQJFRPSDQ\ DUHORQJWHUPSURMHFWVKHVD\V8QOLNHPDQ\ VLPLODUQHZFRPHUVWRWKHPXVLFVFHQHKHDQG KLVSDUWQHUDUHQRWLQIRUWKHVKRUWWHUP ³(YHU\WKLQJZLOOGHSHQGRQKRZWKHVFHQH JURZV2XUFRVWVDUHPLQLPDODQGRXULQYHVWRUV NQRZWKH\PXVWEHSDWLHQW´0DVD\V

"%)*).'4/$!9

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³,NQRFNHGRQWKHGRRUVRIHYHU\UHFRUG ODEHO,NQHZLQFOXGLQJ6RQ\(0,DQGRWKHU ELJQDPHV´KHVD\V³,IDLOHGWRVHOOWKH GHPREXW,GLGPHHWVRPHLQGXVWU\LQVLGHUV 7KDW¶VZKHQ,OHDUQHGWKDWEHFDXVHVRIHZDUH HYHUSUR¿WDEOHUHFRUGODEHOVDUHXQZLOOLQJWR JDPEOHRQQHZDUWLVWV´ 0DVSHQWWKHIROORZLQJWKUHH\HDUVVWXG\LQJ WKHPDLQVWUHDPDQGLQGLHPXVLFVFHQHVERWK KRPHDQGDEURDGDQGIRXQGVRPHZKDWVXUSULV LQJO\WKDWPDQ\&KLQHVHSHRSOHLQELJFLWLHV VHHZHHNHQGOLYHFRQFHUWVDVDQHVVHQWLDOVRFLDO DFWLYLW\DQGWKDWWKH\DUHDOVRZLOOLQJWRSD\IRU GLJLWDOPXVLF ³:HKDYHDORWRIFRQVXOWLQJVHUYLFHVZHFRXOG RIIHUPDLQVWUHDPDUWLVWVEXWVLQFHRXUEXGJHWLV OLPLWHGZHFDQQRWGRPXFKWRKHOSWKHP1RZ ZLWKDQLQGLHDUWLVWZHKDYHDORWPRUHRSWLRQV 7KHUHDUHORWVRI\RXQJWDOHQWHGDUWLVWVZKRRQO\ QHHGDEXVLQHVVJXLGH´0DVD\V 7RJHWKHUZLWKKLVKLJKVFKRROFODVVPDWH -LQJMLQJZKRPDMRUHGLQ¿OPGLUHFWLQJLQ %HLMLQJ0DVWDUWHG0XVLFLDQ*XLGHDVKLVQHZ EXVLQHVVDIWHUJUDGXDWLQJ 7RGD\KHOLYHVLQ)RVKDQZKHUHWKHLQGLH PXVLFVFHQHLVDOPRVWQRQH[LVWHQWKLVNQRZO HGJHRIWKHLQGLHPXVLFVFHQHLVGHSHQGHQWRQ IULHQGVDQGWKH,QWHUQHW 0XVLFLDQ*XLGHLQWURGXFHVRYHUVHDVPXVLF VKDULQJVLWHVDQDO\]HVVXFFHVVIXOVLQJHUV¶EXVL QHVVPRGHOVDQGGLVFXVVHVKRZRYHUVHDVDUWLVWV SURPRWHWKHLUPXVLF ³%DVLFDOO\LQGLHDUWLVWVDUHQRGLIIHUHQWWKDQ PDLQVWUHDPVWDUV´0DVD\V+HHQYLVLRQVWKH LQGLHVFHQHDVDS\UDPLGZKHUHWKHDUWLVWVDW WKHWRSPDNHELJPRQH\DQGWKHEDVHH[SDQGV DVRSSRUWXQLW\GHYHORSV ³1RZLVWKHWLPHWRXQLWHHYHU\RQHWRSUR PRWHPXVLF´VD\V7RQ\/LFRIRXQGHURI<L 5HFRUGDODEHOWKDWKHOSVRYHUVHDVDUWLVWVEXLOG WKHLUUHSXWDWLRQVLQ&KLQD ³&RQVLGHURXUODVWSURMHFWIRUWKH&DQDGLDQ EDQG-HWV2YHUKHDG$W¿UVWWKH\FDPHWR



5HJLVWHUD PLFUREORJRQ 6LQDDQGXVHLW WRSRVWXSGDWHV UHODWHGWRHYHU\ WKLQJDERYH


$XJXVW 

6KRSSLQJ



0REPARINGFORTHEFALLANDWINTER %\$QQLH:HL

4HOUSANDSOF7ESTERN EDUCATED#HINESEYOUNGADULTSAREMOVINGBACKTO#HINATOBUILDTHEIRCAREERSINDIFFERENTAREAS INSTILLINGNEWCONCEPTSINTOOLDINDUSTRIESnLIKEFASHION"EIJING4ODAYSPOKEWITHSOMEINDEPENDENTBRANDSANDDESIGNERS TOSEEWHATTHEYHAVECOMEFORTHECOLDSEASON

3HOKAYnLUXURYFABRIC FROMUPHIGH

6EGA7ANGnEMPOWERINGWOMEN 9HUD :DQJ  JUDGXDWHG IURP WKH &HQWUDO6DLQW0DUWLQV&ROOHJHRI$UWDQG 'HVLJQ LQ /RQGRQ DQG VHW XS KHU RZQ EUDQGDW-LDQZDL6RKRHDUOLHUWKLV\HDU 7KUHHRWKHUVWRUHVWKDWVHOOKHUGHVLJQV DQG VHYHUDO PDJD]LQHV KDYH VKRZFDVHG KHUZRUN ³0\GHVLJQLVQRWUHVWUDLQHGE\VHD VRQV´ :DQJ VDLG 6KH¶V QRW RQH FRQ FHUQHG ZLWK ZKDWV ³LQ´ DV VKH ZDQWV KHU GHVLJQV WR EH WLPHOHVV +HU ZRUN UHÃ&#x20AC;HFWVKHUOLIHDQGWKLQJVKDSSHQLQJDW WKHPRPHQW :DQJ¶VODVWFROOHFWLRQWKHPHG³¿UVW ORYH DQG ODVW FHUHPRQ\´ ZDV OLNH WKDW :KHQ VKH GHVLJQHG WKDW FROOHFWLRQ VKH UHDOL]HGWKDWVKHVWLOOUHWDLQHGDSDVVLRQ IRU GUDZLQJ ZKLFK VKH¶V EHHQ GRLQJ VLQFHVKHZDVDFKLOG6R³ORYH´LQWKLV FDVHGRHVQ¶WKDYHWRPHDQWKDWEHWZHHQ FRXSOHV±LW¶VDSHUVRQ¶VORYHIRUKREELHV RUDQ\WKLQJRILQWHUHVW ³$Q LQGHSHQGHQW EUDQG VKRXOG KDYH VRPHWKLQJ LW ZDQWV WR H[SUHVV´:DQJVDLG6KHGRHVQRWUHDGIDVKLRQPDJD]LQHVRUFDUH ZKDWLVSRSXODULQ(XURSHRU1RUWK$PHULFD³$IWHUDOORXUERG\ VKDSHVDUHGLIIHUHQW´VKHVDLG :DQJLVFXUUHQWO\ZRUNLQJRQDQHZFROOHFWLRQWKDWZLOOIHD WXUHVRPHWKLQJVKHKDVQRWXVHGEHIRUHOHDWKHU 6HHNLQJDQHQYLURQPHQWDOO\IULHQGO\OHDWKHUVKHVHDUFKHGIRU DZKLOHEHIRUH¿QGLQJDUHOLDEOHPDQXIDFWXUHULQ6KDQJKDL +HU QHZ FROOHFWLRQ ZLOO KDYH IHZHU ORRNV EHFDXVH VKH ZLOO IRFXVPRUHRQDFFHVVRULHVOLNHQHFNODFHVDQGVFDUYHV+HUSUHYL RXVFROOHFWLRQVKDGDQGORRNVUHVSHFWLYHO\ :DQJZKRVDLGVKHSUHIHUVOLYLQJLQ;LDPHQ)XMLDQ3URYLQFH EHFDXVHLW¶VFRQVLGHUHG³WKHXWRSLDIRU\RXQJ&KLQHVHOLWHUDWHV´ VDLGVKHDOVROLNHV%HLMLQJIRULWVPL[HGFXOWXUHVFHQH³$UWPXVLF DQGIDVKLRQDUHDOZD\VJURZLQJWRJHWKHU´ +HUERXWLTXHDW-LDQZDL6RKRFDUULHVDOOKHURULJLQDOGHVLJQV OLNHUHDG\WRZHDUVKRHVEDJVDQGDFFHVVRULHVDQGDOVRSURYLGHV FXVWRPPDGHDQGPDGHWRZHDUVHUYLFHV 9HJD:DQJ :KHUH -LDQZDL 6RKR %XLOGLQJ  /HYHO % %RXWLTXH  DFURVVIURP7RQ\¶V6WXGLRQHDU6+,1(ERXWLTXH

2SHQSP 7HO :HEVLWH9HJD]DLVKLZDQJFRP 0HOTOSPROVIDEDBY6EGAZAISHIWANGCOM

#ANDY#AVIARn MODERNANDCHIC

"%)*).'4/$!9

%DITOR7EI9ING$ESIGNER$ENG.ING

7KLVEUDQGLVGHVLJQHGDQGRSHU DWHGE\&DQG\/LQZKRJUHZXSLQ &DOLIRUQLD86/LQGLGQRWPDMRULQ IDVKLRQEXWVKHGLVFRYHUHGKHUSDV VLRQ IRU LW DIWHU FROOHJH DQG VWDUWHG WKHEUDQGWZR\HDUVDJR &DQG\  &DYLDU¶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

0HOTOSPROVIDEDBY#ANDY#AVIAR

 6LQFH  6KRND\ IRXQGHUV 0DULD 6RIURP+RQJ.RQJDQG&DURO&K\DXIURP 7DLZDQKDYHJUDEEHGPDQ\KHDGOLQHVRQ WKH PDLQODQG IRU WKH ZD\ WKH\ VWDUWHG WKHLUEUDQG 7KHWZR\RXQJZRPHQZHUHLQWHUHVWHG LQ VRFLDO HQWHUSULVH ZKHQ WKH\ VWXGLHG DW +DUYDUGLQ2QDWULSWR4LQJKDL3URY LQFH DQG 7LEHW WKH\ ZRQGHUHG KRZ WKH\ PLJKW KHOS LPSURYH ORFDO KHUGHUV¶ OLYLQJ FRQGLWLRQV 7KDW WKRXJKW EXGGHG LQWR D EXVLQHVV SODQ WKDW ZRQ ¿UVW SUL]H LQ FRPSHWLWLRQV DW ERWK +DUYDUG DQG $PVWHUGDP :LWK WKH PRQH\ WKH\ ZRQ WKH\ VWDUWHG 6KRND\ LQ³DOLIHVW\OHEUDQGWKDWGHVLJQVVW\O LVK SURGXFWV PDGH IURP VRIW \DN GRZQ´ DFFRUGLQJWRWKHZHEVLWH 7KH\ KDYH D Ã&#x20AC;DJVKLS VWRUH LQ 6KDQJKDL¶V 7LDQ]LIDQJ ± D VKRSSLQJ GLVWULFW VRPHZKDW VLPLODUWR%HLMLQJ¶V1DQ/XRJX[LDQJ±DQGVHOO SURGXFWV LQ  RWKHU ORFDWLRQV LQ  FRXQ WULHV7KHJOREDOFRQVXPHULQWHUHVWHGLQRUGHU LQJFDQGRVRIURPVKRND\FRPVDLG-RFHO\Q ;LHWKHEUDQG¶VPDUNHWLQJPDQDJHU &RPSDUHGWRZRRORUFDVKPHUH6KRND\¶V \DN GRZQ LV D OX[XU\ ¿EHU WKDW FDQQRW EH PDVVSURGXFHG6KRND\\DNVPDLQO\OLYHLQWKH PRXQWDLQRXV+LPDOD\DQUHJLRQVRI:HVWHUQ &KLQD (DFK \DN SURGXFHV DERXW  JUDPV RI ¿QH GRZQ\ ¿EHU 7KH DYHUDJH ¿QHQHVV RI GRZQIURPDQDGXOW\DNLVWRPLFURQV ZKLOHWKHOHQJWKLVPLOOLRPHWHU8QOLNH ZRRO WKH VFDOHV RI \DN ¿EHU DUH LQ D ZDYHG PRVDLF SDWWHUQ UHVXOWLQJ LQ D VPRRWK ¿EHU WKDWGRHVQRWFDXVHLUULWDWLRQ 7KH EUDQG VRXUFHV \DN ¿EHU GLUHFWO\ IURP7LEHWDQKHUGHUVDQGLQWKDWZD\KHOSV WKHP HDUQ D VXVWDLQDEOH OLYLQJ ZKLOH SUH VHUYLQJWKHLUWUDGLWLRQDOOLIHVW\OH7KHEUDQG ZRUNVZLWKKRXVHKROGVLQWKH+HLPDKH WRZQVKLS RI 4LQJKDL 3URYLQFH ZKHUH WKH\ VRXUFH¿EHUWUDLQWKHKHUGHUVKRZWRKDQG VSLQ\DUQDQGSURYLGHKHDOWKFDUHWUDLQLQJ WRORFDOZRPHQ 0RVW RI 6KRND\¶V SURGXFWV DUH DGXOW DFFHVVRULHV DQG KRPH FROOHFWLRQV PDGH RI SHUFHQW\DNRU\DNEOHQGVVWDUWLQJIURP   \XDQ  7KH GHVLJQ LV VLPSOH EXW IXQFWLRQDOOLNHDKDQGZDUPHUKDWRUVFDUI VRIWDQGFR]\IRUWKHZLQWHU 6KRND\ :HEVLWH6KRND\FRP

&OXWFKHVVWDUWLQJDW\XDQ

3LOODUFDVHSULFHXQNQRZQ 0HOTOSPROVIDEDBY3HOKAY


$XJXVW



)RRG

%XPERIENCINGHISTORICALmAVORSIN MODERN"EIJING %\:DQJ<X

4HE BEST WAY FOR NEWCOMERS TO EXPERIENCE AUTHENTIC "EIJING IS NOT BY VISITING RENOVATED TEMPLES BUT THROUGHTHECITYSCENTURIES OLDCULINARYTRADITIONS ,ETGOOFYOURPREJUDICESANDDIVEINTOAPLATEOFFRIEDTRIPEFROMANEIGHBORHOODDINER ORSALT BOILEDWHEAT CAKESSOLDOUTOFBACKYARDS'RANTED ITMAYTAKEABITOFCOURAGETOTRYSUCHEXOTICFOOD BUT"EIJINGIS AFTERALL A CITYOFFORTUNEANDFAVOR OFOLDEMPERORSANDMODERN DAYLEADERSnITIS INOTHERWORDS NOTACITYFORTHETIMID )FYOUCANOVERCOMEYOURFEARS YOULLGETANUNFORGETTABLEMEMORYOFEATINGTHEFOODOF/LD"EIJING

$ALIAN(UOSHAOINOLDAREA

+LGGHQLQVLGHDQHLJKERUKRRGDW+HSLQJOLWKLV UHVWDXUDQW¶VTXDOLW\LVDWWHVWHGWRE\H[SHULHQFHGHSL FXUHVZKRDUHIDPLOLDUZLWKWUDGLWLRQDOIRRGV ,WLVDOZD\VKDUGWR¿QGDVHDWLI\RXDUULYHDURXQG GLQQHUWLPH7KHUHVWDXUDQWGRHVQRWWDNHUHVHUYDWLRQV VRGLQHUVDUHVXJJHVWHGWRVLPSO\ZDLWXQWLOWKHPRVWO\ PLGGOHDJHGGLQHUV¿QLVKWKHLUIRRGDQGFRQYHUVDWLRQ $OWKRXJKRUGLQDU\GLVKHVDQGKRWSRWDUHDYDLODEOH WKHUHVWDXUDQWLVIDPRXVIRUDVLWVQDPHLPSOLHV'DOLDQ KXRVKDRDWUDGLWLRQDOW\SHRISDQIULHGUROORQDVWLFN ZLWKGLIIHUHQWVWXI¿QJVIURPSRUNZLWKIHQQHOWRODPE ZLWKJUHHQRQLRQWRYHJHWDULDQRSWLRQV7KHVWLFNVDUH XVXDOO\HDWHQZLWKYLQHJDUOLNHGXPSOLQJV 7KHVHVWLFNVDUHIULHGJROGHQDQGDOLWWOHEXUQWEXW YHU\VRIWRQWKHLQVLGH,WVVPHOOLVRQHWREHVDYRUHG 7KHKXRVKDRLVEHVWPDWFKHGZLWKNRKOUDELDQGWKHUHV WDXUDQW¶VVDXFH 0DNHVXUHWRGULQN\RXUERZORIIUHHFRUQSRUULGJH ,W¶V WKH PRVW LPSRUWDQW SDUW RI WKLV YLQWDJH ZRUNLQJ FODVV%HLMLQJGLQQHU )ULHGWULSH \XDQ LVDOVRDYDLODEOHDW;XMLWKRXJK LWGRHVQ¶WFRPSDUHZLWK'RQJ[LQJVKXQ¶VRIIHULQJ7KH VDXFH \XDQ LVDPXVWWU\ 7UDGLWLRQDO%HLMLQJVQDFNVVXFKDV]KDJH]KL \XDQ  DUHDOVRVSHFLDO7KLVVQDFNLVVLPSOHIULHGGRXJKHDWHQ ZLWK YLQHJDU DQG VHVDPH RLO 7KH ]KDJH]KL KHUH LV FUHDP\RQWKHLQVLGHPXFKWRGLQHUV¶VDWLVIDFWLRQ ;XML'DOLDQ+XRVKDR :KHUH 2SSRVLWH WR D JDV VWDWLRQ HDVW RI -LDQJ ]KDLNRX LQWHUVHFWLRQ ¿UVW LQWHUVHFWLRQ QRUWK RI $QG LQJPHQVXEZD\VWDWLRQ 'RQJFKHQJ'LVWULFW 2SHQDP±SPSP 7HO

&RIEDTRIPE YUAN

-USTARDCABBAGE YUAN

:HAGEZHI YUAN

0HOTOSBY3ONG.ANNAN

 YEAR OLDmAVOR

$UREN YUAN

0HOTOSBY3ONG.ANNAN

&RIED LIVER YUAN

<DRMLLVWKHPRVWSRSXODUROGUHVWDXUDQWLQWKHQHLJK ERUKRRGDURXQG*XORXXVXDOO\ZLWKDORQJTXHXHRXW VLGH0RVWRIWKHUHVLGHQWVLQWKHDUHDFDQVWLOOUHPHPEHU WKHVLPSOHSOHDVXUHRIVKDULQJDERZORIIULHGOLYHUZLWK WKHLUSDUHQWVDIWHUVFKRRO7KHEDR]LDW<DRMLLVDOVRUHF RPPHQGHG :KHUH*XORX'RQJ'DMLH'RQJFKHQJ'LVWULFW 2SHQDP±SP 7HO

8IAOCHANG CHEN

7KLV UHVWDXUDQW LV IDPRXVIRULWVVDOWERLOHG EDNHGZKHDW FDNH ZKLFK FRQWDLQV SRUN WRIXOLYHUDQGNLGQH\± WKHVH DUH XVHG EHFDXVH WUDGLWLRQDO ZRUNLQJ FODVV SHRSOH FRXOG QRW ,UZHU YUAN DIIRUG PRUH H[SHQVLYH 0HOTOSBY3ONG.ANNAN PHDW ± LQ WUDGLWLRQDO VDXFHV :KHUH;LDR\RX+XWRQJ6KLFKDKDL ;LFKHQJ'LVWULFW 2SHQDP±SP 7HO

%DITOR7EI9ING$ESIGNER$ENG.ING

9AOJI&RIED,IVER

"%)*).'4/$!9

!LMONDTOFU YUAN

'RQJ[LQJVKXQLVRQHRIWKHPRVWIDPRXV0XVOLPIULHG WULSH±FRZVWRPDFK±UHVWDXUDQWVLQ%HLMLQJEXWLWDOVRKDV DORQJDQGLQWHUHVWLQJKLVWRU\ 7KH UHVWDXUDQW LV ORFDWHG RQ WKH HDVW VLGH RI WKH ULYHU DW+RXKDLSXWWLQJLWLQDEXVWOLQJDUHDIXOORI&KLQHVHWUD GLWLRQDO KDQGLFUDIW VKRSV EDUV DQG FOXEV 7KRXJK LW¶V VXU URXQGHGE\PRGHUQHQWHUWDLQPHQWRSWLRQV'RQJ[LQJVKXQ ZLWKLWVSOXV\HDUVRIKLVWRU\KDVUHWDLQHGLWVFODVVLFDO IHHODVLW¶VUHEXLOWIURPDQROGWKUHHURRPFRXUW\DUG 2ZQHU =KDQJ =L[LQJ¶V JUHDWJUDQGIDWKHU =KDQJ 4XDQ FDLVWDUWHGWKHUHVWDXUDQWWZREORFNVDZD\DVDVWUHHW VWDOOLQ+LVUHVWDXUDQW³%DRGX=KDQJ´VRRQ EHFDPHIDPRXVDPRQJEOXHFROODUZRUNHUVLQ WKHQHLJKERUKRRG 1HZ SDWURQV ZLOO EH LPSUHVVHG E\ WKH FDO OLJUDSK\ RQ WKH ZDOOV DQG SKRWRV RI FHOHEULWLHV 0DQ\ FXOWXUDO ¿JXUHV KDYH VWHSSHG LQWR WKH UHVWDXUDQW LQFOXGLQJWRS3HNLQJRSHUDVLQJHUV0HL/DQIDQJ0D/LDQ OLDQJDQG/L:DQFKXQ0RGHUQDUWLVWVVXFKDVURFNSLRQHHUV =KDQJ&KXDQG'RX:HLFDQDOVREHVHHQLQWKHSKRWRV ,W¶VQRWWKHVWDUVWKDWDWWUDFWGLQHUVKRZHYHU7KHUHVWDX UDQW WKULYHV EHFDXVH RI LWV GLVKHV¶ XQLTXH Ã&#x20AC;DYRUV $OWKRXJK PDQ\GLVKHVDUHGHVFULEHGDV³IULHG´QRRLOLVXVHGGXULQJWKH SURFHVV7KHUDZPDWHULDOLVWKHVWRPDFKRIFRZVRUVKHHS 'LIIHUHQW SDUWV RI WKH VWRPDFK KDYH GLIIHUHQW QDPHV VXFK DV EDL\H  \XDQ  DQG GXUHQ  \XDQ  $IWHU EHLQJ FDUHIXOO\ZDVKHGWKHVWRPDFKLVFXWLQWRSLHFHVDQGERLOHG LQKRWZDWHUEHIRUHEHLQJVHUYHG,WVRXQGVHDV\EXWWLPLQJ LVFUXFLDOWRWKH¿QDOSURGXFW±VRPHWKLQJWKHUHVWDXUDQWKDV SHUIHFWHGMXGJLQJE\LWVSRSXODULW\ 7KHIRRGLVXVXDOO\SDLUHGZLWKDVSHFLDOVDXFHRIVHVDPH EXWWHUVHVDPHRLOVDOWFRULDQGHUFKLOLDQGRWKHUVSLFHV7KH VDXFHLVQRWWRRVDOW\RUVZHHWDQGWKHÃ&#x20AC;DYRURIVHVDPHDFWL YDWHVWKHWDVWHEXGVRQ¿UVWELWH %HVLGHV WKH PDLQ FRXUVH VQDFNV LQ WKH UHVWDXUDQW DUH DOVR ZRUWK WU\LQJ 7KH DOPRQG WRIX  \XDQ  LV PDGH RI VXJDU DOPRQG DQG VRPHWKLQJ VLPLODU WR MHOO\ 7KH SOXP V\UXS \XDQ LVDOVRYHU\SRSXODU 'RQJ[LQJVKXQ :KHUH6KLFKDKDL4LDQKDL'RQJ\DQ;LFKHQJ'LVWULFW 2SHQDP±SPSP 7HO


$XJXVW

:HHNHQG



#ALLIGRAPHYFOR CONTEMPORARYTIMES %\=KDQJ'RQJ\D ³7KHHUDRIWUDGLWLRQDO&KLQHVHFDO OLJUDSK\KDVSDVVHG,DPWU\LQJWR H[SORUHZD\VWRUHYLYHLW´VDLG)HQJ 0LQJTLXGXULQJWKHRSHQLQJRIKLV VRORH[KLELWLRQDW<LVKX*DOOHU\ODVW 6DWXUGD\ 6FULSWLV)HQJ¶V¿UVWH[KLELWLRQLQ %HLMLQJ,WSUHVHQWVSLHFHVWKDW IHDWXUH)HQJ¶VVLJQDWXUH³DHULDOFDO OLJUDSK\´FUHDWLQJQHZVFULSWVEDVHG RQDQFLHQWVW\OHVRIFDOOLJUDSK\VXFK DVOLVKXLQ+DQ'\QDVW\ %&± $'  )HQJERUQLQ*XDQJGRQJ3URYLQFH LQLPPLJUDWHGDVDER\WRZKDW ZDVWKHQ%ULWLVKFRORQ\+RQJ.RQJ+H EHJDQGRLQJRGGMREVDIWHU¿QLVKLQJSUL PDU\VFKRRODQGKDVH[SHULHQFHGPRUH WKDQW\SHVRIMREVLQFOXGLQJWUXFN GULYHUDQGGHOLYHU\PDQ+HHQFRXQ WHUHGFDOOLJUDSK\ZKHQKHZDVDQG EHJDQSUDFWLFLQJKLVVWURNHVDIWHUZRUN ,QKLVPLG¶V)HQJUHORFDWHGWR 1HZ<RUN&LW\$IHZ\HDUVODWHUKH EHJDQKROGLQJH[KLELWLRQVLQWKH86 8.-DSDQDQG6ZLW]HUODQG+HFKRVH WRZRUNXQGHUWKHSVHXGRQ\P)XQJ 0LQJ&KLSWKH&DQWRQHVHQDPHIRUKLV



KRPHWRZQ ,QWKHSDVWGHFDGH)HQJ KDVFUHDWHGVRPHW\SHV RIVFULSWHDFKJLYHQDGHVFULS WLYHQDPHVXFKDV³VWUDLJKWOLQH VFDWWHUVFULSW´³URXQGVFULSW´ ³SOXPEORVVRPVFULSW´DQG ³ZLOORZVFULSW´(DFKSLHFHRQ VKRZLQ%HLMLQJUHSUHVHQWVDGLI IHUHQWW\SHRIVFULSW ³+LVSUHFLVHRUGHUHG VWURNHVDUHDPDQLIHVWDWLRQRID ORQJWUDGLWLRQRQHWKDWLVUHGH ¿QHGLQWLPHDQGVSDFH$QGZH DUHDOVRZLWQHVVWRDQLPPHU VLRQLQSRHWU\´&KULVWLQH&D\RO WKHFXUDWRURI<LVKXVDLG %HVLGHVEHLQJDYLVXDODUWLVW )HQJLVDOVRDOLWHUDU\DUWLVW7KH LQGLVFHUQLEOHVFULSWLQVRPHRI KLVZRUNVLVSRHWU\³7UDGLWLRQDO FDOOLJUDSK\KDVDVWURQJH[SUHV VLYHQHVVWKDWFRPHVIURPWKHVWURNHV UDWKHUWKDQWKHFRQWHQWV´)HQJVDLG³VR ,DPQRWRQO\ZULWLQJFKDUDFWHUV,DP DOVRSDLQWLQJDQGZULWLQJSRHWU\´ )HQJZRUNVIURPKLVVWXGLRLQ1HZ <RUNEXWDOVRKDVRQHLQ+RQJ.RQJ 7DLZDQDQGDQHZRI¿FHLQ6KHQ]KHQ

&RIDAY !UGUST %XHIBITION

6SHFLRVLW\±:LH 4LQJML¶V6ROR ([KLELWLRQ :HL¶VSDLQW LQJVVSHDNRIORYHDQGEHWUD\DO HQY\DQGKDSSLQHVVVWUHQJWK DQGFRZDUGLFH :KHUH(PEDVV\RIWKH &]HFK5HSXEOLF5LWDQ/X -LDQJXRPHQ:DL'DMLH&KDR\ DQJ'LVWULFW :KHQ8QWLO6HSWHPEHU GDLO\DP±SP $GPLVVLRQ)UHH 7HO

"%)*).'4/$!9

%DITOR(E*IANWEI$ESIGNER:HAO9AN

-OVIE

7HO

.IGHTLIFE .D\+XDQJ¶V)LUVW %HVLGHVEHLQJDVRQJZULWHU DQGSURGXFHU7DLZDQHVHDUWLVW .D\+XDQJLVDOVRDFRPSRVHU RI¿OPDQGWHOHYLVLRQ VRXQGWUDFNVDVZHOODVDIDYRU LWHMXGJHDWWDOHQWFRPSHWLWLRQV :KHUH7KH2QH&OXE %XLOGLQJ$UWDQG&XOWXUH =RQH*DQOX\XDQ*DREHLG LDQ%HL/X&KDR\DQJ'LVWULFW :KHQSP $GPLVVLRQ\XDQ \XDQIRU9,3 7HO

3DULV 

3LHUUHDSURIHVVLRQDO GDQFHULVVWULFNHQZLWKDVHUL RXVKHDUWDLOPHQW:KLOHZDLW LQJIRUDWUDQVSODQWWKDWPD\ RUPD\QRWVDYHKLVOLIHKH SDVVHVWKHWLPHE\SHRSOH ZDWFKLQJIURPWKHEDOFRQ\RI KLV3DULVDSDUWPHQW,WLVWKH FLW\DQGLWVLQKDELWDQWVZKR QRZVHHPWRGDQFHEHIRUHKLP :KHUH&KLQD)LOP$UFKLYH :HQKXL\XDQ/X;LDR[LWLDQ +DLGLDQ'LVWULFW :KHQSP $GPLVVLRQ\XDQ



5PCOMIN G .IGHTLIFE

%ODFNZDWHU 7KLV %HLML QJEDVHG ,ULVKPXV EDQG SOD\ LFRQ V DQGPDQGR WKHDFFRUGLRQJXL WDU OLQ :KHUH -L DQ JKX %DU PLDQKXD+  'RQJ XW 'DMLH'RQ RQJ-LDRGDRNRX1 DQ JFKHQJ'LV WULFW :KHQ6HS WHPEHU $GPLVVLRQ SP  7HO \XDQ 

3TAGEIN3EPTEMBER #ONCERT

)XQJ0LQJ&KLS²6FULSW :KHUH<LVKX*DOOHU\&DEOH)DFWRU\ /DQJMLD\XDQ-LDQJXR/X&KDR\DQJ'LVWULFW :KHQ8QWLO6HSWHPEHUGDLO\H[FHSW 6XQGD\DP±SP $GPLVVLRQ)UHH 7HO



3ATURDAY !UGUST .IGHTLIFE

3HNLQJ2SHUD± 0XNH9LOODJH DQG6FROG&DR &DRE\5DWDSODQ 7KLVGUDPDLVEHLQJ VWDJHGE\DJURXSWKDWZDV HVWDEOLVKHGWRSURPRWH 3HNLQJ2SHUDWRGD\,WV IRXQGHUVDUH\RXQJDFWRUV ZKRZRQ¿UVWDQGVHFRQG SUL]HVDWQDWLRQDO3HNLQJ 2SHUDFRPSHWLWLRQV :KHUH+XJXDQJ*XLOG +DOO+XIDQJ/X;LFKHQJ 'LVWULFW :KHQSP $GPLVVLRQ\XDQ \XDQ\XDQ\XDQ IRU9,3 7HO

%XHIBITION *DUGHQRI3LQH±<DQJMLDQJ *URXS¶V([KLELWLRQ *URXSPHPEHUV=KHQJ *XRJX&KHQ=DL\DQDQG 6XQ4LQJOLQGHSLFWVRFLDO SKHQRPHQDIURPWKHJUDVV URRWVSHUVSHFWLYHDQGFKDO OHQJHPDLQVWUHDPEHOLHIV :KHUH7DQJ&RQWHPSR

UDU\$UW$UW'LVWULFW -LX[LDQTLDR/X&KDR\DQJ 'LVWULFW :KHQ8QWLO6HSWHPEHU GDLO\H[FHSW0RQGD\ DP±SP $GPLVVLRQ)UHH 7HO

-OVIE 7KH/HJHQGRI 

,WLVDIWHU:RUOG:DU ,,DQG0D[DWUDQVSODQWHG $PHULFDQJRHVWRDQ(QJ OLVKSDZQVKRSWRVHOOKLV WUXPSHW7KHVKRSNHHSHU UHFRJQL]HVWKHWXQH0D[ SOD\VIRUKLPDVRQHRQDQ XQUHOHDVHGDOEXPUHVWRUHG IURPVKDUGVIRXQGLQD SLDQRVDOYDJHGIURPDVKLS WKDWLVQRZVODWHGIRU GHPROLWLRQ7KH VKRSNHHSHUDVNVZKRZURWH WKHSLHFHDQG0D[WHOOVKLP WKHVWRU\RI³´ :KHUH/DG\%RRN 6DORRQ&KHQJIX/X +DLGLDQ'LVWULFW :KHQSP $GPLVVLRQ)UHH 7HO

3UNDAY !UGUST .IGHTLIFE

7KH5RGQH\0DFN 3KLODGHOSKLD%LJ %UDVV &RPSRVHGRI WKH86¶WRSEUDVVPXVLFLDQV 5RGQH\0DFNKDVSHUIRUPHG ZLWKVXFKJURXSVDV1HZ<RUN¶V 0HWURSROLWDQ2SHUD2UFKHVWUD WKH&KDPEHU0XVLF6RFLHW\RI /LQFROQ&HQWHUDQGWKH%DOWL PRUH6\PSKRQ\ :KHUH&RQFHUW+DOORIWKH 1DWLRQDO&HQWHUIRUWKH3HU IRUPLQJ$UWV 1&3$ ;L &KDQJ¶DQ-LH;LFKHQJ'LVWULFW :KHQSP

$GPLVVLRQ\XDQ 7HO

%XHIBITION 1R:D\±-LDQJ+XDMXQ6ROR ([KLELWLRQ -LDQJ¶VSDLQWLQJVDUHPHGL WDWLRQVDQGUHFUHDWLRQVRIKLV VXUURXQGLQJV :KHUH3,)21HZ$UW 6WXGLR$UW'LVWULFW -LX[LDQTLDR/X&KDR\DQJ 'LVWULFW :KHQ8QWLO6HSWHPEHU GDLO\H[FHSW0RQGD\ DP±SP $GPLVVLRQ)UHH 7HO

-OVIE +LURVKLPD0RQ$PRXU +LUR VKLPD0\/RYH

7KH¿OPUHYROYHVDURXQG WKHVXEMHFWVRIPHPRU\DQG REOLYLRQ$\RXQJ )UHQFKZRPDQKDVMXVWVSHQW WKHQLJKWZLWKD-DSDQHVHPDQ LQ+LURVKLPDZKHUHVKHFDPH IRUWKH¿OPLQJRIDPRYLHDERXW SHDFH+HUHPLQGVKHURIWKH ¿UVWPDQVKHKDVORYHGD *HUPDQVROGLHUGXULQJ:RUOG :DU,, :KHUH8OOHQV&HQWHUIRU &RQWHPSRUDU\$UW 8&&$  $UW'LVWULFW-LX[LDQTLDR/X

&KDR\DQJ'LVWULFW :KHQSP $GPLVVLRQ\XDQ \XDQIRUVWXGHQWV 7HO

/RQGRQ6\PSKRQ\2UFKHVWUD :KHUH3RO\7KHDWHU 'RQJ]KLPHQ1DQ'DMLH 'RQJFKHQJ'LVWULFW :KHQ6HSWHPEHUSP $GPLVVLRQ\XDQ 7HO 3LFWXUHVDWDQ([KLELWLRQ±;X 0X¶V3LDQR5HFLWDO :KHUH)RUELGGHQ&LW\&RQ FHUW+DOO LQVLGH=KRQJVKDQ 3DUN =KDRGHQJ\X/X ;LFKHQJ'LVWULFW :KHQ6HSWHPEHUSP $GPLVVLRQ\XDQ 7HO 6WXWWJDUW&KDPEHU2UFKHVWUD :KHUH&RQFHUW+DOORIWKH 1DWLRQDO&HQWHUIRUWKH3HUIRUP LQJ$UWV;L&KDQJ¶DQ-LH ;LFKHQJ'LVWULFW :KHQ6HSWHPEHUSP $GPLVVLRQ\XDQ 7HO -RDQLH0DGGHQDQG &KHULVKWKH/DGLHV :KHUH%HLMLQJ([KLELWLRQ 7KHDWHU;L]KLPHQ:DL 'DMLH;LFKHQJ'LVWULFW :KHQ6HSWHPEHU SP $GPLVVLRQ\XDQ 7HO

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¶DQ-LH;LFKHQJ'LVWULFW :KHQ6HSWHPEHU SP $GPLVVLRQ\XDQ 7HO %\+H-LDQZHL


$XJXVW

(UANHUAN#&00HOTO

)RUWKRVHZKRFDQQRWJLYH XS&KLQHVHIRRGWKHUHLVKRSH (PLOLD.ODSSDQ$PHULFDQ QXWULWLRQLVWDQGUHJLVWHUHG GLHWLFLDQZLWKWKH$PHULFDQ 'LHWHWLF$VVRFLDWLRQRIIHUVD IHZWLSVDQGWULFNVDERXWKRZWR RUGHUDKHDOWK\&KLQHVHPHDO $YRLGEXIIHWV :KHQ\RXDUHLQWKHPRRG IRU&KLQHVHIRRGDYRLGEXIIHWV 8VXDOO\\RXZLOOQRWZDQWWR OHDYHWKHUHVWDXUDQWXQWLO\RX IHHO\RXKDYHHDWHQ\RXUPRQ H\¶VZRUWK8QIRUWXQDWHO\HYHQ LI\RXEUHDNHYHQWKHUHVWDXUDQW VHQGV\RXRXWWKHGRRUZLWK VHYHUDOWKRXVDQGH[WUDFDORULHV 6WLFNWRUHVWDXUDQWVZKHUHD ZDLWHUWDNHV\RXURUGHU 6WDUWZLWKDVRXS $VPDUWPRYHZKHQHDWLQJ DWD&KLQHVHUHVWDXUDQWLVWR RUGHUDVRXS,WZLOOSXWOHVV RYHUDOOIDWLQ\RXUPHDODQG WKHEURWKZLOO¿OO\RXXS7KLV PHDQV\RXZLOOHDWOHVVZKHQ WKHPDLQFRXUVHDUULYHV 6WDUWLQJZLWKDQDSSHWL]HU PD\UXLQ\RXUJRDORIFXWWLQJ FDORULHVFDUERK\GUDWHVDQGIDW 3RUNULEVHJJUROOVIULHGZRQW RQVDQGDQ\RWKHUIULHGIRRGV DUHKLJKLQIDWVXJDUDQGFDO RULHV,IWKHZDLWUHVVEULQJV IULHGQRRGOHVWRNHHS\RXEXV\ SXWWKHPDVLGHRUDVNKHUWR UHPRYHWKHPIURPWKHWDEOH 7U\WRSDVVWKHWLPHLQVWHDGE\ GULQNLQJWHD &KRRVHOLJKW KHDOWK\FRXUVHV /RRNIRUGLVKHVWKDWDUH

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¿QGFDUEV LQWKHFRUQVWDUFKXVHGWRWKLFNHQ VDXFHVDQGLQWKHPHDWPDUL QDGH5HDGWKH¿QHSULQWDQGDVN WKHZDLWHUWR¿OOLQWKHUHVW %HFDUHIXOZLWKWKHULFH <RXNQRZWKDWD&KLQHVHUHV WDXUDQWZLOOVHUYH\RXDELJERZO RIULFH<RXKRSHIXOO\DOVRNQRZ WKDWULFHFRQWDLQVPDQ\FDUER K\GUDWHV$YRLGIULHGULFHDQG UHJXODUULFHÃ&#x20AC;DYRUHGZLWKVR\ VDXFHWRFXWPXFKRIWKHIDWDQG VRGLXPIURP\RXUPHDO,ISRV VLEOHDVNIRUEURZQULFHZKLFK

LVULFKLQ¿EHU5HPHPEHUWKDW HDFKFXSRIULFHKDVDWOHDVW JUDPVRIFDUERK\GUDWHV 5HGXFHVDOW 2UGHUGLVKHVZLWKOLJKW VDXFHVQRWWRRWKLFN,I\RX QHHGVR\VDXFHDVNIRUDORZ VRGLXPYHUVLRQDQGPL[LWZLWK VWHDPHGEURZQULFHQRWZLWK IULHGULFH7RDGGÃ&#x20AC;DYRUWR\RXU PHDO\RXFDQDGGVRPHKRW VDXFHZKLFKKDVOHVVVRGLXP DQGIHZHUFDORULHV 6KDUHWKHGLVKHV ,I\RXKDYHFRPSDQ\RUGHUD PDLQGLVKDVRXSRUDSHULWLIDQG VRPHULFH6KDUHLW (DWZLWKFKRSVWLFNV (DW\RXUPHDOZLWKFKRS VWLFNV,I\RXDUHQHZWRWKH XWHQVLOVWKH\PD\VORZ\RX GRZQDQGFDXVH\RXWRHDWOHVV 'RQ¶WIDOOLQWRWKHWHPSWDWLRQRI DVNLQJIRUDIRUNDQGNQLIH $QGIRUGHVVHUW $VIRUGHVVHUWRUGHUIUXLW DQGSDVVRQDQ\LFHFUHDP ZLWKVXJDUHGZDOQXWV,I\RX IROORZWKHDERYHUHFRPPHQGD WLRQV\RXVKRXOGIHHOSUHWW\ JRRGDERXWKDYLQJHDWHQD KHDOWK\PHDO:K\UXLQLW" /DVWO\GRQ¶WIRUJHWDERXW WKHSRZHURIOHIWRYHUV:LWKVR PDQ\FDORULHVLQDW\SLFDOGLVK WKHUHLVQRUHDVRQWRVWUDLQWR HDWLWDOOLQRQHVLWWLQJ$VNIRUD FRQWDLQHUWRWDNHIRRGKRPHDQG HDWLWWKHQH[WGD\&KLQHVHIRRG XVXDOO\NHHSVZHOODQGLW¶VHDV\ WRVSOLWWKHFDORULHVDFURVVWZRRU WKUHHPHDOV  %\&KX0HQJ

%DITOR,I:HIXIN$ESIGNER:HAO9AN

6PDUWZD\VWRFXWFDORULHV

"%)*).'4/$!9

%\&KX0HQJ &KLQHVHIRRGPD\EHWDVW\DQGUHODWLYHO\ LQH[SHQVLYHEXW:HVWHUQHUVDUHVRUHO\PLV WDNHQLIWKH\DVVXPHLWVH[WUDKHOSLQJVRI YHJHWDEOHVDQGPLQLPDOXVHRIEXWWHUPDNH LWKHDOWK\ $QGWKLVPDVVGHQLDOPD\EHZKDWLV GULYLQJLWVSRSXODULW\ $UHFHQWLQYHVWLJDWLRQE\WKH'DLO\0DLO IRXQGWKDW&KLQHVHIRRGLVEHDWLQJ%ULWDLQ¶V RZQ¿VKDQGFKLSV$PHULFDQSL]]D7KDL IRRGDQGHYHQ,QGLDQFXUU\IRUWKHWLWOHRI %ULWDLQ¶VIDYRULWHFXLVLQH,QIDFWSHUFHQW RI:HVWHUQGLQHUVWHQGWRIDYRUVZHHWDQG VRXURULHQWDOÃ&#x20AC;DYRUVZKHQGLQLQJRXW :KLOHGHOLFLRXVLWPD\EHGRFWRUVVFL HQWLVWVDQGWKHKXPDQERG\DJUHHWKDW KHDOWK\LWLVQRW,QIDFWVRPH&KLQHVHIRRG LVDQXWULWLRQDOGLVDVWHUZLWKLWVOHWKDOSD\ ORDGRIRLODQGH[FHVVVHDVRQLQJV 7KH:HVWHUQ³&KLQHVHFODVVLF´*HQHUDO 7VR¶VFKLFNHQSDFNVRQDURXQGFDOR ULHVDQGKDVSHUFHQWPRUHVRGLXPWKDQ WKHW\SLFDOSHUVRQQHHGVLQDGD\´5DFKHO .UHFKDFRQWULEXWLQJZULWHUWR$VVRFLDWHG &RQWHQWVDLGLQDQDUWLFOHWLWOHG³+RZWRHDW KHDOWK\DWD&KLQHVHUHVWDXUDQW´ 7KRVHFDORULHVDUHZLWKRXW FRXQWLQJWKHIULHGULFHDQGHJJUROOWKDW FRPHVWDQGDUG &KLQHVHIRRGIDOOVIDUVKRUWRIDQ\WKLQJ UHVHPEOLQJJRRGQXWULWLRQHYHQZKHQORRN LQJDWWKHDSSHWL]HUVDQGYHJHWDEOHVVKHVDLG ³6RPH&KLQHVHYHJHWDEOHVFDQKDYHXSWR FDORULHV%XWZK\":HOOPRVW&KLQHVH YHJHWDEOHVDUHIULHGDQGDUHRIWHQVDOWHGRU ODFHGZLWKVR\VDXFHREYLRXVO\FRQWDLQLQJ KLJKDPRXQWVRIVRGLXPZKLFKLVDKXJH EXUGHQWRRXUNLGQH\DQGEORRGYHVVHOV´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³$0F'RQDOG¶VGRXEOHFKHHVHEXUJHULV FDORULHV´)DQVDLGFRPSDULQJ&KLQHVH FXLVLQHWRWKHHSLWRPHRI:HVWHUQMXQNIRRG ³$ERZORIULFHLVRQO\FDORULHV 3HRSOHZKRMRJQRQVWRSIRURQHKRXUFDQ RQO\EXUQWRFDORULHV6RVRPHRQH ZKRHDWVRQHRUWZR&KLQHVHGLVKHVDQG DVHUYLQJRIIULHGULFHZLOOKDYHWRUXQDW OHDVWILYHKRXUVWREXUQRIIDOOWKHFDOR ULHV´VKHVDLG

+HDOWK

&XWWLQJFDORULHVLQ\RXUQH[W &KLQHVHPHDO




$XJXVW

7UDYHO%HLMLQJ



5PTO"ASHANGFORA NORTHERN FRONTIEREXCURSION

/LJKWQLQJ5LYHU]LJ]DJJLQJDFURVVWKHSODWHDXLQ*X\XDQLVD JUDQGVLJKW 0HOTOSBY(AIOU

"%)*).'4/$!9

%DITOR:HANG$ONGYA$ESIGNER:HAO9AN

$FURVV%LUFK 5DQJHWR %DVKDQJ 7KH¿UVWVWRSRXWRI GRZQWRZQ=KDQJMLDNRX LV+XDSL/LQJRU%LUFK 5DQJHLQ&KRQJOL &RXQW\,WLVWKHERXQG DU\EHWZHHQ&KRQJOLDQG =KDQJEHLFRXQWLHVDQG WKHZDWHUVKHGEHWZHHQ %DVKDQJDQG%D[LD WKH KLJKDQGORZDUHDVRI =KDQJMLDNRX  %LUFK5DQJH¶VSHDN KDVDQDOWLWXGHRI PHWHUVZKLFKPDNHVLW WKHKLJKHVWSRLQWLQ %DVKDQJ7KHDYHUDJH WHPSHUDWXUHKHUHLV &HYHQGXULQJWKHKRW WHVWWLPHRIWKH\HDULQ $XJXVWLWRQO\JHWVXS WR&6QRZFRYHUV WKHSHDNVDOO\HDUURXQG ZKLOHÃ&#x20AC;RZHUVEORVVRP KDOIZD\XSWKHKLOODQG ELUFKZRRGVDUHDOODERXW 9LVLWRUVFDQH[SHULHQFH WKHVHDVRQVFKDQJLQJ ZKHQKLNLQJXS 6XPPHULVWKHEHVW VHDVRQWRYLHZWKHWKLFN IRUHVWVDQGKXQGUHGVRI VSHFLHVRIZLOGÃ&#x20AC;RZHUV DQGSODQWVLQFOXGLQJ SHRQLHVZLOGURVHVDQG ZDLVWKLJKJROGHQORWXV 7KHUHLVDOVRDVHFRQG DU\IRUHVWZKHUHORFDOV KDYHVSRWWHGURHGHHU DQGERDUV

%\=KDQJ'RQJ\D /NLY SOMEKILOMETERSFROM "EIJING :HANGJIAKOU (EBEI0ROV INCEISANACCESSIBLECITYAND THENEARESTURBANCENTERTOTHE "ASHANG0LATEAU ANATURALGRASS LANDWHEREONECANCAMP VIEW SUNRISESANDSUNSETSANDGOHORSE BACKRIDING :HANGJIAKOUISANOLDCITYTHAT WASONCECALLEDTHEhNORTHERN FRON TIERCITYvBECAUSEITWASTHElRST POINTOFDEFENSEAGAINSTINVADING ARMIES6ISITORSCANEXPLOREWHAT THECITYHASTOOFFERINAHALFADAY 7ITHAHIGHALTITUDEANDLOW TEMPERATURES VISITORSWHOGOWILL GETACHANCETOEXPERIENCEAUTUMN BEFOREITOFlCIALLYARRIVES

7KH OHJHQG RI 6KX]KXDQJ /RX LQ *X\XDQ &RXQW\ DWWUDFWV PDQ\ YLVLWRUV 0HOTOBY8IAODONG

$WWUDFWLRQVLQ*X\XDQ 2QWKHYDVWH[SDQVHRIJUDVVODQGLQ1DQJRX 9LOODJH*X\XDQ&RXQW\DEULFNVRXWKIDFLQJ GRPHGEXLOGLQJQDPHG6KX]KXDQJ/RXRU 0DNHXS%XLOGLQJDWWUDFWVPDQ\YLVLWRUV /HJHQGVDLGWKLVVTXDUHEXLOGLQJZDVEXLOW LQMXVWRQHQLJKWIRU(PSUHVV;LDRGXULQJ/LDR '\QDVW\  IRUWKHVDNHRIKHUKDLUDQG PDNHXSWKXVWKHEXLOGLQJ¶VQDPH6KHDSSDU HQWO\IRXQGKHUKDLUVRPHVV\RQHQLJKWWKDW VKHRUGHUHGVHUYDQWVWRFRQVWUXFWDEXLOGLQJVR VKHFRXOG¿[KHUKDLUDQGGUHVV 7KHDUHDDURXQG0DNHXS%XLOGLQJZDVVDLG WREHWKHVXPPHUUHVRUWZKHUHWKHLPSHULDO IDPLO\LQ/LDRKXQWHG $UFKHRORJLVWVODWHUYHUL¿HGWKHEXLOGLQJDV D<XDQ'\QDVW\  WXPXOXV7KH\ IRXQGVLONDUWLFOHVLQWKH<XDQVW\OHDQGWKH EXLOGLQJZDVSUHVXPHGWREHDSODFHZKHUH SHRSOHRIIHUHGVDFUL¿FHV $ULYHUFDOOHG/LJKWQLQJ5LYHU±OLNHOLJKW QLQJWKURXJKWKHSODWHDX±ZLQGVDQGWZLVWV DFURVVWKHJUDVVODQG7KHULYHULVDWULEXWDU\ WR/XDQ5LYHUDQGLW¶VXQLTXHEHFDXVHLW IORZVIURPWKHVRXWKDQGDORQJHLWKHUVLGH DUHKLOOV/RFDOVKDYHGHVFULEHGWKLVDVWKH ³ULYHUWKDWIORZVEDFNZDUGVWKURXJKPRXQ WDLQVZLWKRXWSHDNV´ 7KHEHVWSODFHWRYLHZWKLVVLJKWLVRQ =KXDQIRPLDR0RXQWDLQZKHUH\RXFDQVHHWKH ULYHU]LJ]DJJLQJDFURVVWKHSODWHDXZKLOHÃ&#x20AC;RFNV RIVKHHSURDPDURXQG$UHVHUYRLUDURXQG /LJKWQLQJ5LYHUIRUPVDODNHZKLFKVSDUNOHV XQGHUWKHVXQ 7KHRWKHUDWWUDFWLRQLQ*X\XDQLV)LYH )ORZHU0HDGRZIHDWXULQJYDULHGZLOGÃ&#x20AC;RZHUV LQGLIIHUHQWVHDVRQV7KH0HDGRZDOVRKDVDQ ROGWDOHUHODWHGWR(PSUHVV;LDR,WLVVDLG;LDR VDZDGHHUZLWK¿YHFRORUVÃ&#x20AC;DVKDZD\ZKHQVKH ZDVKXQWLQJLQ*X\XDQ6KHFKDVHGWKHGHHU ZLWKKHUVHUYDQWVXQWLOLWGLVDSSHDUHGLQWKH JUDVVODQG7KHQH[WGD\WKHJUDVVODQGFKDQJHG LQWR¿YHFRORUV &RQWLQXHGRQSDJH


$XJXVW



7UDYHO%HLMLQJ

&IVE &LOWER -EADOW IN 'UYUAN FEATURES DIFFERENTWILDmOWERSINDIFFERENTSEASONS

CONTINUEDFROMPAGE

=KDQJEHLZDVRQFHNQRZQDV =KRQJGX±&HQWUDO&DSLWDORIWKH <XDQ'\QDVW\LQ±GXHWR LWVPLOLWDU\LPSRUWDQFHDQGEHDXWLIXO VFHQHU\7KHJUDVVODQGZDVFDOOHG =KRQJGX*UDVVODQGWRFRPPHPRUDWH LWVKLVWRULFVLJQL¿FDQFH =KRQJGX*UDVVODQGLVDQLPSRUWDQW SDUWRIWKH,QQHU0RQJROLD3ODWHDX,W XVHGWREHWKHSODFHZKHUHHPSHURUVLQ 4LQJ'\QDVW\  ZHQWKXQWLQJ $VWKHFORVHVWZHOOSUHVHUYHGQDWX

:HONGDU'RASSLANDIN:HANGBEIISTHENEARESTNATURALGRASSLAND TO"EIJING WHEREVISITORSCANCAMPANDGOHORSEBACKRIDING 0HOTOSBY(EIYE

%DITOR:HANG$ONGYA$ESIGNER:HAO9AN

=KRQJGX*UDVVODQG LQ=KDQJEHL

UDOJUDVVODQGWR%HLMLQJLWLVDUHVRUW VSRWIDYRUHGE\%HLMLQJHUVGXULQJWKH VXPPHU7KHWHPSHUDWXUHKHUHLVRQ DYHUDJH&ORZHUWKDQLQ%HLMLQJ7KH DYHUDJHWHPSHUDWXUHLQ-XO\LV& DQGLWUDUHO\HYHUJHWVDERYH& ,Q=KRQJGX*UDVVODQGYLVLWRUVFDQ VHHDQFLHQW0RQJROLDFXVWRPV<RXFDQ VWD\LQD0RQJROLDQ\XUWGULQNEXWWHU WHDDQGNXPLVPDGHE\ORFDOVDQGVLQJ DQGGDQFHLQ0RQJROLDQFRVWXPHVRU \RXFDQSLWFKDWHQWDQGPDNHDFDPS ¿UHZLWKORFDOV +RUVHEDFNULGLQJLVDPXVWRQ WKHJUDVVODQG3URIHVVLRQDO0RQJROLDQ HTXHVWULDQVDOVRSXWRQVKRZV %HVLGHVWKHQDWXUDOJUDVVODQGWKH SODQWHG¿HOGVLQ=KDQJEHLRIIHUDQRWKHU ODQGVFDSHIRUYLVLWRUV$ODUJHDUHDRI FROHÃ&#x20AC;RZHUVKDVDWWUDFWHGPDQ\ZKR PLVVHGWKHEORRPLQJSHULRGLQVRXWKHUQ &KLQD7KHORFDOJRYHUQPHQWKDVRIIHUHG VXEVLGLHVIRUSHDVDQWVWRSODQWPRUH FURSVZLWKSUHWW\Ã&#x20AC;RZHUV7KH\KDYHDOVR WULHGWRWXUQWKHLUFRUQ¿HOGVLQWRDPD]H IRUWRXULVWVWRSOD\LQ

7UDYHOLQIRUPDWLRQ 5HFRPPHQGHGLWLQHUDU\ 'D\7DNHDWUDLQ \XDQ RUORQJGLVWDQWEXV \XDQ WR=KDQJMLDNRXZKLFKWDNHV DERXWWKUHHKRXUV5HQWDFRDFKRUFDUWR&KRQJOL&RXQW\(QWHU%DVKDQJWKURXJK%LUFK 5DQJHDQGKHDGIRU*X\XDQLQWKHHYHQLQJDQGVWD\DQLJKWLQ*X\XDQ 'D\7UDYHOLQ*X\XDQ0DNHXS%XLOGLQJ/LJKWQLQJ5LYHUDQG)LYH)ORZHU0HDGRZ +HDGIRU=KDQJEHL&RXQW\LQWKHHYHQLQJDQGVWD\RYHUQLJKWLQ=KDQJEHL 'D\7UDYHOWR=KRQJGX*UDVVODQGLQ=KDQJEHLDQGJREDFNWR%HLMLQJLQWKHHYHQLQJ $GPLVVLRQVLQFOXGH =KRQJGX*UDVVODQGLQ=KDQJEHL\XDQ )LYH)ORZHU0HDGRZLQ*X\XDQ\XDQ

$ERXW=KDQJMLDNRX =KDQJMLDNRXORFDWHGQRUWKZHVWRI%HLMLQJLV DGMDFHQWWR6KDQ[L3URYLQFHDQG,QQHU0RQJROLD ,WLVLQWKHWUDQVLWLRQDUHDRIWKHORHVVSODWHDX LQ6KDQ[LWKH,QQHU0RQJROLD3ODWHDXDQG1RUWK &KLQD3ODLQ<LQVKDQ0RXQWDLQVWUHWFKHVDFURVVWKH FLW\DQGGLYLGHVLWLQWRWZRDUHDV%DVKDQJ DERYH WKHGDP DQG%D[LD XQGHUWKHGDP %D[LDFRQWDLQV WKHGRZQWRZQDUHDDQGVXEXUEVZKLOH%DVKDQJKDV VHYHUDOFRXQWLHVLQFOXGLQJ*X\XDQDQG=KDQJEHL IHDWXULQJEURDGJUDVVODQGDQGULYHUV

"%)*).'4/$!9

7KHPHDGRZFKDQJHVFRORUVZLWK WKHPRQWKV,Q0D\LWLVFRYHUHG E\SLQNDQHPRQHULYXODULVZKLOH EHWZHHQ-XQHDQG$XJXVWJROGHQ FKDLQFRYHUVWKHODQG,Q6HSWHPEHU DQG2FWREHUSXUSOHIUXLWVRIEXUQHWV DUHVFDWWHUHGDURXQG 7KHPHDGRZLVDOVRDKDELWDWIRU ELUGVDQGDQLPDOV,I\RX¶UHOXFN\\RX FDQVHHPRUHWKDQVSHFLHVRIZDWHU ELUGVWKHUH


$XJXVW 

&ODVVL¿HGV



!VIATION

$INING -ID !UTUMN&ESTIVAL

#RAB LICIOUS

(QMR\\RXUPRXWKZDWHULQJKDLU\FUDEVSUHSDUHG E\5RXJH 9DOOH\FKHIV%ULQJ\RXUEXVLQHVVFOLHQWV RUSDUWQHUVRYHUIRURQHRIWKH¿QHVWFUDEOXQFKHVDQG GLQQHUVDURXQG&KLQHVH0DVWHU&KHI+H¶VUHFRP PHQGDWLRQVZLOOQRWIDLOWRGLVDSSRLQW5HFHLYHDFRP SOLPHQWDU\KDLU\FUDEZLWKHDFKVHPLEXIIHWOXQFK DQGGLQQHURUGHU :KHUH5RXJH 9DOOH\&DIH&URZQH3OD]D %HLMLQJ=KRQJJXDQFXQ=KLFKXQ/X+DLGLDQ 'LVWULFW &RVW\XDQSHUSHUVRQ VHPLEXIIHWOXQFK  \XDQ VHPLEXIIHWGLQQHU SHUFHQWVXUFKDUJH 7HOH[W

(EALTHYMUSHROOMS

*DWKHUWKHIDPLO\DQGLQYLWH\RXUIDYRULWHIULHQGV IRU6FHQHD&DIH¶VERXQWLIXOEXIIHWRIVXFFXOHQWVHD IRRG&RPHIRUFODVVLF6FHQHIDYRULWHVDQGWKHÃ&#x20AC;DYRU RIWKHPRQWKKHDOWK\PXVKURRPGLVKHVIURPWKH FRORUIXONLWFKHQ³WKHDWHU´+LJKOLJKWVLQFOXGHWHQGHU FKLFNHQPHDWZLWKPXVKURRPUDJRXWPL[HGPXVK URRPVDODGPXVKURRPVRXSDQGGHHSIULHGGXPS OLQJVZLWKPXVKURRPV :KHUH6FHQHD&DIH&KLQD:RUOG+RWHO-LDQ JXRPHQ:DL'DMLH&KDR\DQJ'LVWULFW :KHQ6HSWHPEHU &RVW\XDQ OXQFKEXIIHW \XDQ GLQQHU EXIIHWH[FOXGLQJ)ULGD\QLJKWEXIIHWDQG6XQGD\ %UXQFK SHUFHQWVXUFKDUJH 7HOH[W

7KLV0LG$XWXPQ)HVWLYDO*UDQG+\DWW%HLMLQJ SUHVHQWV%HLMLQJVW\OHPRRQFDNHJLIWER[HVDQGDZLGH VHOHFWLRQRIIHVWLYHJLIWEDVNHWV2UGHUD3UHPLXP0RRQ FDNH%R[IURP*UDQG+\DWW%HLMLQJDWDYHU\VSHFLDO SULFH)RUEXONRUFRUSRUDWHSXUFKDVHVFXVWRPL]HGORJRV DQGFRYHUVKHHWVDUHDYDLODEOHXSRQUHTXHVW :KHUH7KH*UDQG+\DWW%HLMLQJ-LDQJXRPHQ 1HL'DMLH'RQJFKHQJ'LVWULFW &RVW\XDQ WKH*UDQG3UHPLXP0RRQFDNH %R[ \XDQ WKH*UDQG+\DWW'HOX[H0RRQFDNH %R[ \XDQ WKH*UDQG+DPSHU \XDQ WKH 'HOX[H+DPSHU \XDQ WKH*UDQG'HOX[H +DPSHU

7HOH[W

3INGAPORE!IRLINESSERVES REDBURGUNDY

6LQJDSRUH$LUOLQHVLVQRZVHUYLQJVL[RIWKH PRVWDFFODLPHG³*UDQG&UX´5HG%XUJXQG\ ODEHOVWR6XLWHDQG)LUVW&ODVVFXVWRPHUV3DV VHQJHUVLQWKHVHFODVVHVFDQORRNIRUZDUGWRD ³*UDQG&UX´5HG%XUJXQG\ODEHOLQDGGLWLRQWR WKHFXUUHQWZLQHVHOHFWLRQ6,$ZLOOEHWKHRQO\ DLUOLQHWRRIIHUWKHVHODEHOVRQERDUGGHWDLOVRI ZKLFKFDQEHIRXQGLQWKH$QQH[ 6LQJDSRUH$LUOLQHV¶6XLWHVDQG)LUVW&ODVV FXVWRPHUVFDQDOVRFKRRVHIURPDQLQWHUQD WLRQDOVHOHFWLRQRIEHHUDQGOLTXHXUVDVZHOODV FRFNWDLOVDQGPRFNWDLOV7KHDLUOLQHDOVRRIIHUV 'RP3HULJQRQDQG.UXJ*UDQGH&XYHH FKDPSDJQHDVZHOODVDVHOHFWLRQRIWRSTXDOLW\ ZLQHVIURP)UDQFH,WDO\*HUPDQ\$XVWUDOLD 1HZ=HDODQGDQGWKH86DVZHOODVSRUWZLQH IURP3RUWXJDO

%VENT !FFORDABLEARTUNVEILED

"OILED@LIVESEAFOOD

%HLMLQJ¶V¿UVWHYHUOLYHVHDIRRGLVDYDLODEOHDW&%' ,QWHUQDWLRQDO&XLVLQH3LFNDQGFKRRVHIURPDQDUUD\ RIORFDODQGLPSRUWHGVKHOO¿VKLQFOXGLQJ\DEELHV VFDOORSVOREVWHUVSUDZQVDQGFUDEVDQGKDYHWKHP PDGHIUHVKLQVDYRU\FRXUWERXLOORQRUERXLOODEDLVVH 7KHOLYHVHDIRRGVSHFLDOLVDYDLODEOHIRUGLQQHURQ 6DWXUGD\VDQG6XQGD\VRQO\ :KHUH&%',QWHUQDWLRQDO&XLVLQH*UDQG0LOOHQ QLXP%HLMLQJ'RQJVDQKXDQ=KRQJ/X&KDR\DQJ 'LVWULFW :KHQ(YHU\ZHHNHQG &RVW\XDQSHUDGXOW\XDQIRUFKLOGUHQ WRSHUFHQWVXUFKDUJH 7HO

7KH¿UVW3XEOLF$UW)HVWLYDO 3$) RSHQHGDW :KLWH6SDFH+DOOLQ,QWHUQDWLRQDO$UW3OD]D ODVW6XQGD\$VPDQ\DVSLHFHVLQFOXGLQJ ZRRGFXWVDQGLQVWDOODWLRQVDUHRQGLVSOD\0RVW DUHE\\RXQJ&KLQHVHDUWLVWVWKRXJKDIHZDUHE\ LQWHUQDWLRQDOO\UHQRZQHGSDLQWHUV3ULFHVUDQJH IURPWR\XDQ7KHORZSULFHGSLHFHV JHDUHGWRIXO¿OOLQJSRSXODUGHPDQGDWWUDFWHG KXQGUHGVRIEX\HUVRQWKHRSHQLQJGD\7KHIHV WLYDOZLOOFRQWLQXHGDLO\WKURXJK6HSWHPEHU :KHUH:KLWH6SDFH+DOO,QWHUQDWLRQDO $UW3OD]D%DL]LZDQ/X&KDR\DQJ'LVWULFW 2SHQDP±SP $GPLVVLRQ)UHH 7HO %\=KDQJ'RQJ\D

"%)*).'4/$!9

%DITOR,I:HIXIN$ESIGNER:HAO9AN

#ANADIANLOBSTERFESTIVAL

7KLV6HSWHPEHU.HPSLQVNLSUHVHQWVDPRXWKZD WHULQJPRQWKORQJIHVWLYDOKRQRULQJWKHNLQJRIVHD IRRGWKHFRYHWHG&DQDGLDQOREVWHU'LQHRQWKLV GHOLFDF\DWHLWKHU'UDJRQ3DODFHRU7UDWWRULD/D *RQGROD(DFKUHVWDXUDQW¶VFKHIVKDYHFUHDWHGVLJQD WXUHOREVWHUGLVKHVIRUWKHRFFDVLRQWKDWVKRZRII WKHFUXVWDFHDQ¶VEHVWOLJKW,WDOLDQKHDGFKHI3DXOR $VFDQLIURP7UDWWRULD/D*RQGRODRIIHUVFUHDP\ORE VWHUSROHQWDZLWKVSLF\,WDOLDQVDXVDJHLQDGGLWLRQ WRDGHOLFDWHDSSHWL]HURIFKLOOHGOREVWHUFDUSDFFLR ZLWKIUHVKEDVLODQGVXQGULHGWRPDWRYLQDLJUHWWH)RU DQ$VLDQÃ&#x20AC;DUH&KLQHVHH[HFXWLYHFKHI6RDW'UDJRQ 3DODFHKDVFRQFRFWHGDVWXQQLQJWRP\XPJRRQJ VRXSZLWKDZKROHGUHVVHGOREVWHUDVZHOODVVRPH VLQIXOO\FULVS&DQDGLDQOREVWHUIULWWHUVVHUYHGZLWK IUHVKJUHHQZDVDEL :KHUH.HPSLQVNL+RWHO%HLMLQJ/XIWKDQVD &HQWHU/LDQJPDTLDR/X&KDR\DQJ'LVWULFW :KHQDP±SPSP 7HOH[W

#ELEBRATE-ID !UTUMN&ESTIVAL

6ZLVVRWHO%HLMLQJKDVSUHSDUHGWKUHHH[TXLVLWH PRRQFDNHJLIWER[HV&KRRVHEHWZHHQ-R\IXO$XWXPQ SLHFHV +DUPRQ\0RRQ SLHFHV DQG'HOLJKWIXO ([TXLVLWH SLHFHV 7KHWUDGLWLRQDOPRRQFDNH¿OO LQJVLQFOXGHUHGORWXVVHHGZLWKHJJ\RONPL[HGQXWV ZLWKKDPUHGEHDQSDVWHEODFNVHVDPHSDVWHMXMXEH DQGJUHHQWHDSDVWH :KHUH6ZLVVRWHO%HLMLQJ&KDR\DQJPHQ%HL 'DMLH'RQJFKHQJ'LVWULFW 7HOH[W

"EIJINGRUNSFORLOVE 5XQIRU/RYHSDUWRIWKH³1HZ%DODQFH. 5XQ´VWDUWHGZLWKDEDQJRQ$XJXVWDW %HLMLQJ2O\PSLF)RUHVW3DUN5XQQHUVIURPWKH FLW\DQGQHDUE\UHJLRQVJDWKHUHGLQH[FLWHPHQW DQGSDVVLRQ $VSDUWRIWKHFLW\VSRUWVIHVWLYDOPDUN LQJWZR\HDUVVLQFHWKHHQGRIWKH%HLMLQJ2O\P SLFV³1%.´FRQWLQXHVWKH2O\PSLFH[SHULHQFH DVLWVKLIWVLWVIRFXVIURPSURIHVVLRQDODWKOHWHV WRWKHHQRUPRXVSRSXODWLRQRIFDVXDOUXQQHUV $VPDQ\DVORFDOVSDUWLFLSDWHGLQWKLV \HDU¶VUDFHRIHQGXUDQFH0DQ\FRPSDQLHVDOVR DWWHQGHGWKHUDFHDVDJURXSWRXVHWKHGD\DVD

WHDPEXLOGLQJH[SHULHQFH %\R¶FORFNLQWKHPRUQLQJWKHVRXWKVTXDUH RIWKH2O\PSLF)RUHVW3DUNZDV¿OOHGZLWKSDUWLFL SDQWV:KHQWKHVWDUWHUSLVWROVZHUH¿UHGWKHWKUHH VLJQDOOLJKWVOLWXSDQGDVHDRIUXQQHUVJXVKHGRII OLNHDJLDQWUHGZDYH 7KHH[FLWLQJDQGH[KLODUDWLQJ³1%.´DWPR VSKHUHZDVIXUWKHUHQULFKHGE\YDULRXVYLVLWVIURP WKH1HZ%DODQFHOHDGLQJUDFHYHKLFOHWKH1HZ%DO DQFHVQHDNHUPDVFRWDQGELNLQLJLUOVZKRZHQW VZHDWLQJZLWKWKHUXQQHUV7KHHYHQWZDVDJUHDW FKDQFHIRU&KLQHVHUXQQHUVWRWUDLQDQGDELJVWHS LQWKHQHZWUHQGRISURPRWLQJKHDOWKDQG¿WQHVV %\6XQ)HQJ


$XJXVW 

4HISISACOLUMNOFWORDS ORPHRASESCOMMONLYMIS USEDBY#HINESESPEAKERS )FYOUREPLANNINGTOBEAN %NGLISHTEACHER REPORTEROR EMPLOYEEOFAMULTINATIONAL COMPANY THENWATCHOUTFOR THISPAGEEACHWEEK

$O)HAVETO BREAKALEG %\/L=KL[LQ :DQJ5DQKDVEHHQVKRUWRQOXFNWKLV\HDU +LVJLUOIULHQGEURNHXSZLWKKLPDVVRRQDVVKH UHWXUQHGWR7DL\XDQ6KDQ[L3URYLQFHZKHUHKHUSDU HQWVOLYHDQGIRXQGKHUDMRE :DQJWULHGHYHU\WKLQJWRVDYHWKHUHODWLRQVKLS LQFOXGLQJUHVLJQLQJIURPKLVMRELQ%HLMLQJDQGVWD\LQJ LQ7DL\XDQIRUVHYHUDOPRUHPRQWKVEXWWKHJLUO UHPDLQHGXQPRYHGDQGVDLGVKHZDVQRWFRQ¿GHQW DERXWWKHLUIXWXUH6KHHYHQWXDOO\PDUULHGDULFKJX\ LQWURGXFHGE\KHUUHODWLYHVLQKHUKRPHWRZQ ³,NQRZ,DPDFRPPRQJX\LQH[SHULHQFHGLQDIIDLUV RIWKHZRUOGDQGZLWKRXWPXFKPRQH\EXW,KDYHEHHQ VWULYLQJWRJLYHKHUDEHWWHUOLIH´:DQJVDLG³,WUHDOO\ EURNHP\KHDUWZKHQVKHWROGPHGLUHFWO\WKDWVKH FRXOGQ¶WFRXQWRQIXWXUHKDSSLQHVVZLWKPH´ :KHQKHUHWXUQHGWR%HLMLQJVHYHUDOIULHQGVWKUHZ KLPDVPDOOZHOFRPHGLQQHUDQGFRQVROHGKLPLPSORU LQJKLPWRIRUJHWDERXWKHU ³,NQRZVKHZRXOGQ¶WFRPHEDFNWRPHEXW,KDGWR WU\´:DQJWROGPH³,UHDOO\GLGQ¶WZDQWWRJLYHXSRXU IRXU\HDUUHODWLRQVKLSEXWHYHU\RQHDURXQGPHVDLGWR QRWEHDWDGHDGKRUVH´ ,ZDVFRQIXVHG³6KHUDLVHGDKRUVH":K\GLG\RX EHDWLWLILWKDGDOUHDG\GLHG"´ ³1RLWKDVQRWKLQJWRGRZLWKKRUVHVEXWEXOO´KH UHSOLHG³'RQ¶WPLONWKHEXOO\RXNQRZ"´ ³8K,VHH´,ZDVKDSS\WRVHHKHNHSWKLVVHQVHRI KXPRUHYHQDIWHUDQHPRWLRQDORUGHDO %XWKLVIDLOXUHLQORYHGHPRUDOL]HGKLP+HGHFOLQHG DOOIULHQGV¶LQYLWDWLRQVIRUVRFLDOJDWKHULQJVDIWHUWKDW +LVEDGPRRGHYHQPDGHKLPORVHKLVSRVLWLRQLQKLV QHZFRPSDQ\+HEHJDQWRIUHTXHQWO\KLWWKHERWWOH ,WZDVRQO\ZKHQ/LQ/LQJDERRNVWRUHFOHUN HQWHUHGKLVOLIHWZRPRQWKVDJRWKDWKHEHJDQWR HPHUJHRXWRIWKHVKDGRZV (DUOLHUWKLVZHHN,KDSSHQHGWRSDVVE\KLVDSDUWPHQW DQGGURSSHGLQRQKLP+HZDVSUHSDULQJIRUDMRELQWHU YLHZWKHQH[WGD\ +HWROGPHKDSSLO\WKDWKLVQHZUHODWLRQVKLSPDGHKLP UHWKLQNWKHPHDQLQJRIOLIH³6KHLVP\OXFNIDLU\EHFDXVH ,UHJDLQHGP\FRQ¿GHQFHLQOLIH´KHVDLG³:LWKKHUORYH WUXVWDQGHQFRXUDJHPHQW,IRXQGJRRGOXFNLVDOZD\VZLWK

PHQRZ,KDYHJDLQHGVHYHUDOQHZLQWHUYLHZRIIHUVWKLV PRQWK,KDYHQHYHUEHHQVROXFN\´ ³7KHQEUHDNDOHJWRPRUURZDW\RXUMRELQWHUYLHZ,KRSH WKDW\RXJHWWKHMRE´,VDLG ³7KHSRVLWLRQLVQRWZRUWKWKHSULFHRIDEURNHQOHJ´KH DQVZHUHGVHYHUHO\ ³1RQR\RXPLVXQGHUVWDQG´,JULQQHG³%UHDNDOHJ PHDQVJRRGOXFN´

#HINGLISHONTHEWAY 4HISCOLUMNAIMSTOIDENTIFY#HINGLISHINPUBLICAREAS)FYOUSEEANY#HINGLISHSIGNS PLEASESENDAPICTUREOFITTOWANGYU YNETCOMTOGETHERWITHYOURNAMEANDADDRESS

4HE$O.OT#OMEIN#ORPORATION %\7HUU\%R\G=KDQJ 1RZ,GLGQRWVWXG\EXVLQHVVPDQDJHPHQWEXW,VXVSHFW WKDWQDPLQJ\RXUFRPSDQ\WKH³'R1RW&RPHLQ&RUSRUD WLRQ´ZRXOGVHQG\RXUSRWHQWLDOFXVWRPHUVWKHZURQJPHV VDJHUHJDUGOHVVRIKRZFOHYHULWPD\KDYHVRXQGHGLQWKH ERDUGURRP:KDWLVWKLVVLJQWU\LQJWRWHOOXV" ,QGLYLGXDOO\HDFKFKDUDFWHUKDVVHYHUDOPHDQLQJV)HL WKH¿UVWFKDUDFWHURQLWVRZQFDQPHDQZURQJEODPH UXQFRXQWHUWRLQVLVWRQRU$IULFD*RQJKDVHYHQPRUH GH¿QLWLRQVJHQHUDOSXEOLFPDNH VRPHWKLQJ SXEOLFIDLU LQWHUQDWLRQDORI¿FLDOEXVLQHVVDXWKRULWLHVPDOH±LQFOXGLQJ KXVEDQG RU³ROGPDQ´ ±IDWKHULQODZDQGGXNH:KHZ ,I\RXKDYHVWXGLHGDOLWWOHELWRI&KLQHVH\RXNQRZWKDW PRVW&KLQHVHZRUGVDUHWZRFKDUDFWHUVSXWWRJHWKHU)RU H[DPSOHIHLJRQJPLJKWPHDQ³QRQSXEOLF´7KLVPLJKWEHD FOXHWRWKHWUXHPHDQLQJRIWKLVVLJQ 7KHODVWWZRFKDUDFWHUVLQGLYLGXDOO\DUHPRUHVWUDLJKW IRUZDUG0RPHDQVQRERG\QRWKLQJRUQRWUXPHDQV HQWHUDJUHHZLWKMRLQRULQFRPH3XWWLQJWKHWZR

0HOTOBY4IFFANY4AN WRJHWKHUKRZHYHUPRUXEHFRPHV³VWXFNLQWKHPLUH´DQG WKHZKROHVLJQIHLJRQJPRUXUHDGV³DQRQSXEOLFSODFH WRJHWVWXFNLQWKHPLUH´$JRRGJXHVV$FFRUGLQJWRWKH QDWLYHVSHDNHUWKLVVLJQPHDQVLI\RXDUHQRWRI¿FLDO GRQRWEHORQJWRWKLVZRUNXQLWRUWRWKLVZRUNSODFH LQDQ\IDVKLRQSOHDVHGRQ¶WFRPHLQ2UPRUHVLPSO\ SXWEHFDXVHWKLVLVDGRQRWFRPHLQFRUSWKHUHLV³1R $GPLWWDQFH([FHSWIRU%XVLQHVV´

6KHIHOWGL]]\ZKHQWKHSODQHZDV WD[LQJWRWKHJDWH 3URIHVVRU=KX6KLGD =6 +HUHZH DUHIDFHGZLWKWKHDOZD\VEDIÃ&#x20AC;LQJPDJLFRI WXUQLQJDYHUELQWRDSDUWLFLSOH³7RWD[L´ DVDYHUEPHDQV³ RIDQDLUFUDIWRUÃ&#x20AC;LHU WR PRYHVORZO\RQWKHJURXQGRUZDWHUEHIRUH JDWKHULQJVSHHGWRWDNHRIIRUDIWHUODQGLQJ´ 7KLVVHQWHQFHLVDOOULJKWH[FHSWIRUWKHSDUWL FLSOHZKLFKLVZURQJO\WUDQVIRUPHG:KHQ WKHYHUE³WRWD[L´LVWXUQHGLQWRDSDUWLFLSOH LWLVHLWKHUWD[LLQJRUWD[\LQJ6RWKH VDPSOHVHQWHQFHVKRXOGUHDG6KHIHOWGL]]\ ZKHQWKHSODQHZDVWD[LLQJWRWKHJDWH6LPL ODUJUDPPDWLFDOFRPSOH[LWLHVZHVKRXOGEH DZDUHRILQFOXGHIUROLF±IUROLFNLQJWUDI¿F WUDI¿FNLQJGLH±G\LQJG\H±G\HLQJSDQLF ±SDQLFNLQJSLTXH±SLTXLQJHWF 7HUU\%R\G=KDQJ 7%= <LNHV(QJ OLVKLVVRKDUG,DSRORJL]HRQEHKDOIRI(QJ OLVKWHDFKHUVHYHU\ZKHUH,DOVRVWLOOEHOLHYH \RXFDQGRLW &KLQDVWDQGVRQLWVSURPLVHWRPDNH WKHUHQPLQELÃ&#x20AC;H[LEOH =6,QWKLVFDVHWKHSKUDVH³VWDQG RQ´LVZURQJO\XVHG³7RVWDQGRQ´PHDQV ³WRGHSHQGRQ´RU³WREHEDVHGRQ´)RU LQVWDQFHWRVWDQGRQWKHIDFWV+HGRHVQRW VWDQGXSRQFHUHPRQ\2EYLRXVO\LWGRHVQRW ¿WLQWRWKHVHQVHWKHZULWHUZLVKHVWRH[SUHVV KHUH$VDPDWWHURIIDFWLWVKRXOGEH³VWDQG E\´ZKLFKPHDQV³WRDGKHUHWRWRDELGHE\ DVDVWDWHPHQWRUDJUHHPHQW NHHSPDLQ WDLQ´6RRQHVKRXOGEHDEOHWRVWDQGE\ RQH¶VSURPLVH7KLVLVWKHULJKWSKUDVH¿WWLQJ WKHRFFDVLRQ/HW¶VVHH&KLQDVWDQGVE\LWV SURPLVHWRPDNHWKHUHQPLQELÃ&#x20AC;H[LEOH 7%=$QRWKHUWRXJKJUDPPDUSRLQW ZLWKRXWDFOHDUUHDVRQZK\RQHZD\LVFRU UHFWDQGWKHRWKHUZD\LVQRW,WVHHPV WRPHWKDW³&KLQDVWDQGVE\LWVSURPLVH´ EHFDXVH&KLQDLQWKLVFDVHLVWKHSURPLVH PDNHU:HWKHSHRSOHDUHWKH³SURPLVH UHFHLYHUV´DQGZH³VWDQGRQWKHSURPLVH´ WUXVWLQJRU³GHSHQGLQJRQ´WKHGHOLYHU\RI &KLQD¶VSURPLVHWRXV &UDFNHUMDFN =6&UDFNHUMDFNQRZPHDQVDSHUVRQRU WKLQJRIVXSHUDELOLW\RUJUDGH)RULQVWDQFH +HLVDFUDFNHUMDFNDWGRPLQRHV7KHZRUG FDQUHIHUWRIDVWKRUVHVVNLOOHGEDVHEDOO SOD\HUVRUDQ\WKLQJRIVXSHULRUTXDOLW\$V DPDWWHURIIDFWWKHZRUGKDVDKLVWRU\ /HJHQGVD\VWKDWWKHQDPH³&UDFNHU-DFN´ FDPHLQWRXVHLQZKHQDQHQWKXVLDVWLF VDOHVPDQZKRZDVVHOOLQJSRSFRUQDQG SHDQXWFRQIHFWLRQSURGXFWVRIWKH5XHFN KHLPVH[FODLPHG³7KDW¶VUHDOO\DFUDFNHU -DFN´ -DFNEHLQJWKHJHQHULFQDPHRIDQ\ PDQRQWKHVWUHHW 7KHZRUG³FUDFNHUMDFN´ ZDVVODQJLQWKRVHGD\VPHDQLQJ³VRPH WKLQJYHU\SOHDVLQJ´7KH5XHFNKHLPEURWK HUV ZKRZHUHIURPD*HUPDQLPPLJUDQW IDPLO\ ORYHGWKHH[SUHVVLRQVRPXFKWKDW WKH\UHFHLYHGDWUDGHPDUNIRU³&UDFNHU -DFN´XQGHU):5XHFNKHLP %URWKHURI &KLFDJR7KHLUVORJDQ³7KHPRUH\RXHDW WKHPRUH\RXZDQW´ZDVDOVRFRS\ULJKWHG WKDW\HDU 7%=7KDWLVH[DFWO\KRZ,WKLQNRI &UDFNHU-DFN:HXVHGWREX\LWDWWKH)LYH DQG'LPH6WRUHLQDOLWWOHZKLWHFDUGERDUG ER[ZLWKUHGZKLWHDQGEOXHOHWWHULQJDQGD YHQGHULQRQHFRUQHUOLNHRQHPLJKWVHHLQ WKHROGGD\VDWDEDVHEDOOGLDPRQGFDOOLQJ ³&UDFNHU-DFN´,QVLGHWKHER[ZDVFDUDPHO FRUQDQG\RXDOZD\VJRWDVPDOOSODVWLFWR\ <RXKDGWRHDWWKHZKROHER[EHIRUH\RX FRXOGJHWWKHWR\VWLFN\ZLWKVXJDU\JRRG QHVVDQGVWXFNWRWKHERWWRPRIWKHER[

%DITOR7ANG9U$ESIGNER:HAO9AN

4HISCOLUMNFOCUSESON#HINGLISHMISTAKESINOURDAILYLIFE)FYOUHAVEANYEXPERIENCES TOSHARE SENDTHEMTO7ANG9UATWANGYU YNETCOM

"%)*).'4/$!9

"LACKLIST

&KLQJOLVK



#HINGLISHSTORY


$XJXVW 

6FULSW



0RYLHRIWKHZHHN

4HE(ANGOVER



(YHQZLWKRXWDQDOOVWDUFDVWDQGKXJHEXGJHWLW¶VQRW KDUG WR VHH KRZ 7KH +DQJRYHU ZRQ RYHU DXGLHQFHV ,W LV VPDUW DQG IXQQ\ DQG ORRNLQJ EDFN LW ZDV RQH RI WKH EHVW FRPHGLHVRIODVW\HDU :KHUHDV PRVW WUDLOHUV VKRZ DOO WKH IXQQ\ PRPHQWV LQ RQHVHFRQGFOLSWKLVPRYLHSDFNVHQRXJKODXJKVWRNHHS \RXEXV\IRUWKH¿UVWKRXU 2YHUDOOLWLVKLODULRXVIURPEHJLQQLQJWRHQG(YHQ0LNH 7\VRQVKRZVXSIRUDQRGGEDOOFDPHRDSSHDUDQFHDVKLPVHOI

6\QRSVLV 2QO\ WZR GD\V EHIRUH KLV PDUULDJH WR 7UDF\ *DUQHU 'RXJ%LOOLQJVKLVWZRIULHQGV3KLO:HQQHFNDQG6WX3ULFH DQG 7UDF\¶V HFFHQWULF EURWKHU $ODQ KHDG RXW WRJHWKHU WR SDUW\ LQ 9HJDV 7KH\ UHQW D SULFH\ YLOOD DW &DHVDU¶V 3DODFH DQGKHDGIRUWKHURRIWRSWRKDYHDJRRGWLPH 7KUHHRIWKHPZDNHWKHQH[WGD\ZLWKDKDQJRYHUDQGDUH XQDEOH WR UHFDOO ZKDW KDSSHQHG WKH QLJKW EHIRUH :LWK WKH YLOODLQDZUHFNWKH\¿QGWKDWWKH\KDYHDEDE\LQWKHFORVHW DQGDJURZQWLJHULQWKHEDWKURRP6WXLVPLVVLQJDWRRWKDQG KDVDSURVWLWXWHIRUDEULGHDQG'RXJKDVYDQLVKHG &KDRVHQVXHVDVWKHWULRDWWHPSWWRUHWUDFHWKHLUVWHSVVR WKH\FDQ¿QG'RXJDQGEULQJKLPKRPHLQRQHSLHFHEHIRUH WKHZHGGLQJ

6FHQH

'RXJDQGKLVIULHQGVGULYHWR9HJDV

$ODQ $ ,WVD\VKHUHZHVKRXOGZRUNLQWHDPV:KR ZDQWVWREHP\VSRWWHU  " 'RXJ ' ,GRQ¶WWKLQN\RXVKRXOGEHGRLQJWRRPXFK JDPEOLQJWRQLJKW$ODQ $*DPEOLQJ":KRVDLGDQ\WKLQJDERXWJDPEOLQJ",W¶V QRWJDPEOLQJZKHQ\RXNQRZ\RX¶UHJRQQDZLQ&RXQWLQJ FDUGVLVDIRROSURRIV\VWHP 6WX 6 ,W¶VDOVRLOOHJDO $,W¶VQRWLOOHJDOLW¶VIURZQHGXSRQ  OLNHGULQNLQJRQ DQDLUSODQH 3KLO 3 ,¶PSUHWW\VXUHWKDW¶VLOOHJDOWRR $<HDKPD\EHDIWHUZKHUHHYHU\ERG\JRWVRVHQ VLWLYH7KDQNVDORWELQ/DGHQ '(LWKHUZD\\RXJRWWDEHVXSHUVPDUWWRFRXQWFDUGV EXGG\2." $2KUHDOO\":HOOPD\EHZHVKRXOGWHOOWKDWWR5DLQ 0DQ EHFDXVH KH SUDFWLFDOO\ EDQNUXSWHG D FDVLQR DQG KH ZDVDUHWDUG   3:KDW" $+HZDVDUHWDUG

"%)*).'4/$!9

%DITOR7ANG9U$ESIGNER$ENG.ING

6FHQH

3KLO6WXDQG$ODQZDNHLQWKHPRUQLQJEXWFDQQRW¿QG 'RXJ8QDEOHWRUHPHPEHUDQ\WKLQJDERXWWKHODVWQLJKW WKH\UHWUDFHWKHLUVWHSVWRDKRVSLWDO

'RFWRU2.KHUHZHJR3DWLHQWQDPH3KLO:HQQHFN DP$UULYDO0LQRUFRQFXVVLRQOLNH,VDLG6RPHEUXLV LQJ3UHWW\VWDQGDUG 6'R\RXPLQGLI,ORRN",¶PDFWXDOO\DGRFWRU 'RFWRU <HDK \RX VDLG WKDW VHYHUDO WLPHV ODVW QLJKW (YHU\RQHLVVXUSULVHGWROHDUQWKDW6WXPDUULHGDVWUDQJHUODVWQLJKW  %XW UHDOO\ \RX¶UH MXVW D GHQWLVW 2. WKLV LV LQWHUHVWLQJ $+H\3KLOZKDWDERXWP\GDG¶VFDU" <RXUEORRGZRUNFDPHLQWKLVPRUQLQJ7KH\IRXQGDODUJH 3,¶PVXUH'RXJKDVLW:H¶OOJHWLWEDFN DPRXQWRI5XSK\OLQLQ\RXUV\VWHP 67KHQ,YRWHZHWRUFKWKHFRSFDUDQGDOOWKLVV²±WZLWKLW 35XSK\OLQ" 37RUFKLW":KRDUH\RX" 'RFWRU5RR¿HV&RPPRQO\NQRZQDVWKHGDWHUDSHGUXJ 6,GRQ¶WNQRZ3KLO$SSDUHQWO\,¶PDJX\ZKRPDUULHVFRPSOHWHVWUDQJHUV7KLVZKROHVLWXDWLRQLVFRP 3:KDWVRZKDWDUH\RXVD\LQJ,ZDVUDSHGODVWQLJKW" SOHWHO\I²²NHG7KHVHPXJV7KLVKDW7KLVFDU,W¶VDOOHYLGHQFHRIDQLJKWWKDWQHYHUKDSSHQHG7KDWLVZK\ZH¶UH 'RFWRU$FWXDOO\ WRUFKLQJDOORILW +HFKHFNVWKHUHSRUW

3:KRD,¶PDVFKRROWHDFKHU,JRWDIDPLO\2.",¶PDOOIRUVHFUHF\  EXW,¶PQRWJRQQDWRUFKDFRSFDU ,GRQ¶WWKLQNVR%XWVRPHRQHGLGVOLS  \RXWKHGUXJ ,¶PQRWVXUSULVHG\RXGRQ¶WUHPHPEHUDQ\WKLQJ 6)LQH,¶OOGRLW $ 'RF QRQH RI XV FDQ UHPHPEHU DQ\WKLQJ IURP ODVW $&DQ,KHOS" QLJKW5HPHPEHU" 6<HDKWKDQNV 3<HDK+RZFRXOGVRPHRQHKDYHGUXJJHGDOORIXV" 3$QGKRZH[DFWO\DUH\RXJRQQDGRWKDW" 'RFWRU , ZRXOGQ¶W ZRUU\ DERXW LW 7KH VWXII¶V RXW RI $(DV\<RXMXVWSRXUNHURVHQHRYHUDIHUUHWOLJKWLWRQERWKHQGVSXWLWLQ7KH\¶UHDWWUDFWHGWRWKHJDVOLQHV \RXUV\VWHP<RX¶UHJRQQDEH¿QH 6:KDW"$IHUUHW" 3:DLWZDLWZDLW3OHDVHGRFWRU,VWKHUHDQ\WKLQJHOVH" $<HDK<HDK2UDWDPHGUDFFRRQEXWLW¶VDORWRIWURXEOH /LNHVRPHWKLQJZHPD\KDYHEHHQWDONLQJDERXWRUVRPH 6'RHVLWPDWWHULILW¶VWDPHG" SODFHZHZHUHJRLQJ" $<HDKEHFDXVHLILW¶VXQWDPHGLWZRQ¶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¶VDWWKHFRUQHURI*HW$0DSDQG)±±N DOOIRUVHFUHF\KHUHLWPHDQVUHDG\WRNHHSDVHFUHW 2II ,¶P D GRFWRU QRW D WRXU JXLGH )LJXUH LW RXW \RXUVHOI %\:DQJ<X

2."<RX¶UHELJER\V

6FHQH


Beijing Today (August 27, 2010)