The Chinese military has ceased most of its commercial activities, and is on target to end all such activities by the end of the year, according to Xinhua News Agency.By the end of last month, 100,000 out of 106,000 commercial programs undertaken by the People's Liberation Army had ended, marking an achievement in the PLA's decommercialization efforts, Xinhua reported on Wednesday.The report quoted a PLA department in charge of the work as saying that the Central Military Commission pays great attention to the decommercialization efforts, adding that 26 central government departments and nine commission agencies have been working together to push forward the objective.Plans for the remaining commercial activities, which are sophisticated or sensitive, are being made in accordance with related policies, while issues pertaining to legal affairs, employees, assets and debts have been properly handled according to agreed-upon schedules, the department added.It noted that inspectors will be sent to PLA units to examine whether commercial activities have ceased and whether employees have been adequately compensated. Members of the PLA or the public are also welcome to report concerns via a hotline or email, according to the report.The Chinese military started running its own businesses in the mid-1980s to offset a sharp decrease in the defense budget ordered by then-leader Deng Xiaoping.In 1992, the Central Military Commission officially approved commercial activities by the PLA and the People's Armed Police Force.In February 2016, the commission ordered the PLA and the Armed Police Force to eradicate all commercial activities within three years.Last month, the general offices of the Communist Party of China Central Committee, State Council and Central Military Commission jointly published the Guidelines on the Complete Halt of the Military's Commercial Activities, requesting that units of the PLA and the Armed People Force cease all commercial activities by year-end.The document also stipulates that all property, land and reception facilities owned by the military that have been used for commercial purposes will be directly administered and allocated by the Central Military Commission. festival braceletssilicone keychaincustom wristbands no minimumcustom sweatbands no minimumtrio spinnersrubber bracelet maker
Early childhood education in Hong Kong has become big business, attracting more entrepreneurs and increased investment in the industry. [Provided to China Daily] Trade wars and rising interest rates have taken away much of the shine of stocks and properties. If you, like many other Hong Kong investors, are thinking of selling out while the times are still good, you may want to know there's a new game in town that has whetted the interest not only of local entrepreneurs but also millionaire investors on the Chinese mainland. You don't have to be an educator or a social analyst to notice the obsession of many parents in Hong Kong and on the mainland with giving their toddlers a head start. Many children as young as two years of age are drilled by their eager parents to prepare for examinations to qualify for admission to some of the most prestigious nurseries and kindergartens. The strong demand has turned pre-school education into a big business, sucking up hundreds of millions of new investment funds from entrepreneurs, as well as investors who have grown wary of the stock and property markets. As a result, some of the better known play schools and kindergartens have become prized take-over targets. Even the special schools, especially those that teach local pre-school children usage of the English language, are in demand. Investors in pre-school education reportedly include young entrepreneurs who are interested in running the schools. There's no shortage of passive investors who are interested only in the earnings potential of these facilities. A mainland investor has reportedly bought a well-known kindergarten in Hong Kong because he can't get over the fact that he couldn't find a good kindergarten for his children when they were young. In Hong Kong, all kindergartens are privately owned and operated although they have to register with the government and subject to regular inspections by the Education Bureau. Since the introduction of the Quality Assurance Framework in 2012, the government regularly publishes a set of Performance Indicators for public reference. But, it's word of mouth that determines the popularity of a kindergarten. The more famous one can charge a fee of up to several thousand dollars per student. That's good business.
