Wan Lik Hang

China News 17th August

Why is our education developing more and more “fragile hearts”?

Why do “Tiger Dad and Tiger Mom” ​​use “helicopter” education methods to keep their children in close contact? Why do these children, although they can stand out in the race to be admitted to elite universities, become an unprecedented vulnerable generation in adolescence? From anxiety to depression, this generation seems to have no immunity.  Why have universities also lost the role of educators, treating students as always right consumers, and catering to students as the goal of reform?

A Beijing bookstore held an event in Chinese in which famous scholars had a discussion on ‘fragile’ children.  It was an in-depth discussion of the current status and difficulties of education. This was a new book launch.

“The Coddling of the American Mind” by Jonathan Haidt and Greg Lukianoff

(This book is about the change in the way children born after 1995 are brought up.  Parenting attitudes post 1995, amplified by increased use of electronic devices, caused parents and administrators to practice ‘safetyism’.  That is what the authors refer to as ‘coddling’. Children are over-protected.  Instead of leaving them to develop an immune response to peanuts, protecting children from contact with peanuts had the reverse effect, it caused an increase in peanut allergy in children. 
Over-reaction to speeches that offend, students demand that universities curb such speeches. The authors point out that those speeches may offend, but they are not violent and cause no physical harm. The conventional response, especially in a place of tertiary education, is to present opposing speeches so that the audience and students can evaluate the opposing views. That is no longer the case. Protests by students have led to universities cancel planned lectures or remove speakers whose views the students do not like.)

Zhu Yongxin, a professor at Soochow University, initiated a new educational experiment twenty years ago to create a happy and complete educational life. He believes that this experiment with American education also talks about China’s problems.  It shows that education everywhere is going in one direction, and this direction may not be good. 

What does education do? Let students learn to be happy, learn to learn happily, and enjoy the process of learning. Let them be able to communicate with others happily and let him happily accept everything they face.  Now, our education problem, I call supplementary education. Tsinghua, Peking University’s standard is the standard. If everyone fails to meet this standard, it’s not enough. They must make up lessons and continue to make up for the shortcomings. Everyone feels that they are short, so education constantly destroys everyone’s self-confidence. It makes everyone lack self-confidence.

As the dean of Xinya College of Tsinghua University, Gan Yang has also been bringing a new style to Chinese universities.

This book considers the responsibility of students and the responsibility of the post-95s generation. I think this argument is completely wrong and extremely unfair to the post-95 generation. If the university’s unhealthy trends have taken the wrong path, and how can you put the blame on the students?  I am the dean of the Xinya College of Tsinghua University.  I am the first responsible person.  How can it be said that students are the first responsible person?

by Satria Perkasa

Qu Jingdong, a professor in the Department of Humanities at Peking University, also believes that the issues covered in the book are not only about education, but behind the truth about a country and a nation:

When we talk about education, we still have to look at what the world has become. In a sense, educators must match the trends of the world to realize their ideas. But on the other hand, education cannot just follow the trend of the times; sometimes going against the trend is the real education.

Lu Yongli, the principal of Beijing No. 2 Experimental Primary School, is on the front line of basic education all year round. She has many observations and feelings about current education. For example, she pointed out that nowadays six-year-old children enter elementary school, parents pay more attention to the protection of the child, rather than whether the student has learned knowledge in school.  Another example, one of the difficulties of elementary education now lies in the fact that families, who think they are capable, are pointing fingers at education. 

Gan Yang believes that this is the biggest problem:

American universities are highly politicized and left-wing politicized. University professors and even presidents have promoted such a set of political correctness in universities, and students will learn it immediately. There are many problems in universities. There is no objectivity at all.

He pointed out that the current problem in the United States is that college campuses are getting more and more left, but the right wing is in power outside the college. Therefore, the more left the university, the more it will arouse greater resentment from the right in society.

Now everyone in the United States is striving to be a victim, occupying the moral high ground and occupying power as a victim. The victim is precisely the oppressor.

Zhu Yongxin emphasized that under today’s highly administrative system, education is not allowed to make mistakes. Therefore, excessive safety protection is formed, which will easily lead to children’s vulnerability. Therefore, the responsibility cannot be completely shifted to parents and schools. The government has also played a very important role. It is necessary to reflect on the government’s measures for education management.

Source: culture.ifeng.com.

Respect for differences in social systems is the foundation of Sino-US relations. The core interests of Taiwan, Hong Kong, Tibet and China

Xinhua News Agency recently published an article about Sin0-US relations. The article emphasizes the importance of Sino-US relations and points out that the recognition and respect of the differences in social systems between China and the United States are the basis of relations between the two countries. The article also stated that Taiwan, Hong Kong-related, Tibet-related, and Xinjiang-related issues involve China’s sovereignty and territorial integrity and are at the core of China. 

Sino-US relations are one of the most important bilateral relations in the world. However, some US politicians have recently thrown out various fallacies, viciously attacked the Chinese Communist Party and China’s political system, deliberately distorted and completely denied the Sino-US relations in the past 50 years. 

The article reviewed the history of the establishment of diplomatic relations between China and the United States.  It pointed out that from the beginning of the normalization of Sino-US relations, the relationship between the two countries was built on the consensus that the two sides recognize and respect each other’s different social systems. The article also said that although the development of Sino-US relations has not been smooth, both countries can manage contradictions and differences, properly handle sensitive issues, and maintain the overall momentum of stable development of Sino-US relations.

The article said that Sino-US relations are facing a new international and domestic environment. The correct attitude to maintain and stabilize relations between the two countries should be to respect history, keep pace with the times, and carry forward the past, and should not distort, deny or reverse history.

The article emphasizes that countries in the world are different in history, culture, political systems, and development models. They are all following development paths that suit their own national conditions. 

by Mihály Köles

The article pointed out that China and the United States should respect each other’s core interests and major concerns, and that Taiwan, Hong Kong-related, Tibet-related, and Xinjiang-related issues involve China’s sovereignty and territorial integrity, as well as China’s core interests. 

The article concludes by saying that we urge US policymakers to respect historical facts, recognize the trend of the times, face up to the voices of insights from all walks of life in the United States, listen to calls from countries around the world, correct mistakes, change course, and move towards the Chinese side, and control on the basis of mutual respect. Disagreements expand cooperation based on mutual benefit, and jointly push China-US relations back to the track of healthy and stable development.

Source: hk01.com.

Hong Kong’s status as an international financial centre is not based on the “induction” of the United States

In an interview with Fox News on Wednesday (5th), US President Trump stated that after Hong Kong loses its special treatment status granted by the US, it will not be a successful securities trading place, and the US securities trading business will increase accordingly. 

However, these remarks not only reflect his bragging nature, but also show his ignorance of the operation of financial markets. In the face of aggressive pressure from Washington, the SAR government must not only consolidate the advantages of Hong Kong’s financial industry, but also actively explore and absorb international capital to prepare for the decoupling of the Sino-US economy.

In a recent visit, Trump mentioned that after the United States abolished Hong Kong’s special treatment status, it will help absorb funds from international companies and investors and transfer them to US exchanges. Trump said:

We gave them (Hong Kong) great incentives… They took away huge business from the New York Stock Exchange, the Nasdaq, and all of our exchanges.” But “with everything brought back, Hong Kong will no longer be a successful trading center…We have to make a lot of money now.

First, business has always been mutually beneficial. How can the US government give benefits to others in vain? Granting Hong Kong special treatment in business is an arrangement from which the United States also benefits. Furthermore, as pointed out by the Financial Services and the Treasury Bureau, Hong Kong’s advantages include a regulatory system and infrastructure that are in line with the international market, and abundant human resources. Why does Trump take credit? And he did not explain why the status of Hong Kong’s trading center and the U.S. exchange have a trade-off relationship.

Of course, in the current Sino-US relations, Hong Kong, as the gateway to China, will inevitably be affected. However, the measures taken by the United States will not necessarily weaken Hong Kong’s status as a financial center. First, because of the “Holding Foreign Companies Accountable Act” passed by the U.S. Senate in May, the authorities have the right to ban a stock transaction if a foreign company has not been reviewed by the U.S. Supervisory Authority for three consecutive years. In the climate of pan-politicization of Sino-US economic and trade activities, it has long been regarded by many companies as a precursor to the “weaponization” of the law. Chinese companies listed in the U.S., such as Baidu, Sina, and Ctrip, are considering privatization and withdrawing from the U.S. market, seeking to return to Hong Kong or Shanghai for listing. As many Chinese companies intend to return, the business of securities firms and brokerages will naturally be greatly reduced, and it will be difficult to restore the glory of the US exchange.

According to statistics, Sino-US relations deteriorated rapidly in the second half of the year, and it did not have much impact on Hong Kong’s financial market. As of July, the average daily turnover of Hong Kong’s financial market was HK$124.8 billion, an increase of over 40% over the same period last year, and the amount of initial public offerings (IPO) raised was as high as HK$132.1 billion. In addition, according to the international accounting firm KPMG, even though the economy in the first half of the year was plagued by the epidemic, the funds raised by the Hong Kong stock exchange still rank among the top three in the world with the US Nasdaq and Shanghai Stock Exchange, not inferior to it. 

Instead, Trump is eager to threaten that international funds will return to the United States, which shows the lack of knowledge. Even if the “Hong Kong Policy Law” is revoked, it will undoubtedly affect the status of Hong Kong’s re-export port and the transformation of new technology industries. However, Hong Kong can become an international financial city. In the final analysis, Hong Kong has a good legal system and professional service personnel and supporting facilities. , Financial infrastructure, and other advantages gained through their hard work, instead of relying on the “induction” of the United States to break the ground in the Asia-Pacific region.

by Manson Yim

Even though many Chinese companies intend to return to the market, they will add vitality to Hong Kong’s financial market in the future. However, the Hong Kong government needs to consolidate its international advantages and reputation, and complete the process of listing approval. When the global industrial chain is resetting, we will actively attract investment and attract companies from emerging countries to come to Hong Kong for listing. In addition, just like the recent plan to establish a sustainable and green exchange “STAGE” by the Hong Kong Stock Exchange and the launch of Asian and emerging market index futures and options products, this will enable the Hong Kong Stock Exchange to accelerate its pace of service diversification and introduce more Multiple asset classes and product types turn crises into opportunities.

Source: hk01.com.

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