Smart Surveillance Goes Out Of Control
China has deployed 176 million surveillance cameras in public places and private venues. Smart cameras, which are popular right now, enable remote viewing and manipulation. Hackers can hack into large numbers of cameras using application tools. Massive amounts of live surveillance videos were broadcast on the Internet without the knowledge of the persons being monitored. A black Internet industry chain that consists of hacking, trading, and peeping is behind the phenomenon.
The black industry not only profits from selling surveillance videos, but also channels money into gambling, pornography, and other underground industries. The criminal law lags behind in cracking down on this illegal behavior. Law enforcement officials have for a long time found it hard to track down the criminals and protect the rights of users.
Middle-class’ Anxiety over Education in China
Anxiety over education is common among the expanding middle-class in China, who are willing to pay more for better educational products. They also have higher demands for education and spare no effort to offer their kids’ diversified and personalized educational options.
However, the scarcity of both housing and high-quality educational resources in major cities like Beijing, Shanghai, Guangzhou, and Shenzhen has made education more and more unaffordable. The middle-class’ needs clashed with narrow educational philosophies and system, as do solidified policies and governance with insufficient market supply, both of which could make the middle-class even more anxious.
Securities Inspection Embarks on New Journey
Close inspection and strict law enforcement are essential for high-quality development of a capital market. However, in the ever-changing Chinese capital market, various irregularities have become more rampant after several variations; while rapid development of the Internet, big data, and artificial intelligence made illegal activities more complicated and covert.
Through in-depth interviews with the mysterious Inspection Department of the CSRC, Caijing got a glimpse of the upgrade wherein securities inspection changed from fighting alone to multi-party coordination, from a human wave strategy to technology empowerment, and from isolation to interaction.
War Among Online Car-trading Platforms Escalates
The Chinese automobile industry is going through rapid changes and even disruption. Second-hand cars and auto financing are two trillion-yuan markets. So far, major players including guazi.com, renrenche.com, and xin.com have all covered three core business segments, namely second-hand cars, new cars, and auto financing. They tried to wall off their businesses by covering all links of the car transaction chain.
However, the competition over auto financing has just begun, online car-trading platforms are rushing to expand offline with different approaches. The weaknesses of each path are obvious, and the fight over capital is a way for the platforms to make up for the weaknesses. Almost all the companies are backed by industry giants or major capital investors.
Can New Policies End Medical Bribery?
There are more than 3 million pharmaceutical representatives in China, most of whom position themselves as salespeople rather than product specialists. Management Measures for the Registration of Medical Representatives enacted in late Dec. 2017 aims to regulate sales activities of pharmaceutical enterprises and prohibit direct benefit-based relationships between medical representatives and hospitals as well as doctors.
However, it will be difficult to eliminate rebates unless the remuneration system for doctors is rationalized, which is very unlikely given the administration-heavy structure of the medical system. The new policies will achieve little unless the key factors that lead to commercial bribery are resolved.