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China now has around 70 bike-sharing brands, with more than 16 million bicycles on the streets nationwide and 130 million users, according to the Ministry of Transport.
China needs more innovation in philanthropy - and more talent needs to be attracted to tackle the problems that need solving. Li Yinuo, director of the China office of the Bill and Melinda Gates Foundation, said that philanthropy was the most challenging sector for innovation, as there were a large number of problems that people did not know how to solve. Li was speaking at a philanthropy forum held by the Cheung Kong Graduate School of Business (CKGSB) on April 7 in Beijing. She said that, even inside the industry, it was easy to feel like an outsider as new situations were always arising. Tang Chunxia, secretary general of the Shenzhen Cheung Kong Graduate School of Business Education Development Foundation, said that a lack of talent was a problem for the philanthropy sector. At present about 56.5 percent of full-time employees in the philanthropy industry earned salaries lower than the average for China, with about 15.2 percent on a monthly income of less than 2,000 yuan (0) and 27.3 percent on less than 3,000 yuan. "Doing philanthropy in a good way is not easy but this industry has a great shortage of talent, so we need to work on how to improve the situation," she said. Hundreds of alumni participated in the forum, sharing their thoughts on philanthropy. Xiang Bing, founding dean and professor of China business and globalization at CKGSB, said that philanthropy was a requirement for Executive Master of Business Administration students at the school, each being required to make six-day philanthropy contribution before graduating. In 2016, the EMBA students at the CKGSB held 69 philanthropic events and contributed 16,883 hours to philanthropy. CKGSB was also was the first to set up a philanthropic foundation, which had raised about 60 million yuan by the end of 2016. It carries out hundreds of projects in such areas as education, poverty alleviation and disaster relief.
China plans to further transfer 1.73 trillion yuan (0.8 billion) of existing less-transparent local government debt into bonds by August to strengthen debt management and control potential risks, the Ministry of Finance said on Thursday after reporting financial revenue in 2017 that was higher than expected.
China on Saturday upgraded its emergency response for flood control from level IV to level III amid the incessant downpours.
China issued one trillion yuan of special anti-pandemic government bonds, encouraged financial institutions to provide 1.5 trillion yuan worth of benefits to firms through cuts in interest rates and other methods, and cut over 1 trillion yuan of tax and fee.
来源：资阳报