CN

Impact

The CoStone Reader Recommends Vol. 12

2015.12.30

BACK

图片 v121.png

     Purple Buddhi

By Lin Qingxuan

    Golden-purple Buddhi represents the highest level of self-reflection and the wisdom ones can use to perform well in the workplace and live an aloft life. This book is a collection of contemporary proses. Lin Qingxuan explains Dharma from the perspective of the Buddhist Scriptures, and expresses the concept of open, spatial and temporal wisdom with literary language.


 

 

图片 v122.png

Prose Collection of Lin Qingxuan

By Lin Qingxuan

    Lin Qingxuan is indifferent to fame and wealth in life. This attitude toward life is reflected in his proses. Elegant and illuminating written, his proses always give readers inner peace and clear away anxiety. He is a sage, insightful and silent. But his words are powerful and illuminating.


 

 

图片 v123.png

Walden, or, Life in the Woods

By Henry David Thoreau

 

    If Emerson aims at rousing Americans and urging them to set free from the past cultural hinderance and to seek for independent thinking, Thoreau wants people to get rid of the past lifestyle and be free of choosing their way of living. He is basically making a philosophical statement that people are not living deliberately and meaningfully due to modern technology. He is delivering the message of simplicity, which means reducing material desire and pursuing spiritual satisfaction.


 

图片 v124.png

Living Alive and Getting Old

By Feng Tang

    Feng Tang’s writing often starts from nowhere and ends without a reason. He often writes for nothing but always arouses readers’ imagination. You can randomly choose one page to read and it will not hinder you following his imagination and philosophy of life. Living Alive and Getting Old records the illuminating proses that Feng tang sent with feelings, expressing his free, trendy, avant-garde thoughts, sharp but humorous writing, both ridiculous and profound, illuminating and amazing, which can make readers laugh and render them new enlightenment.


 

 

 

图片 v125.png

Uncertain Future: How to Carry Forward China’s Reforms

By Zheng Yongnian

    Professor Zheng Yongnian, a Chinese political scientist and commentator who has studied and written on the contemporary China, offers his sharp and objective comments, analyses and solutions for every problem on China’s reforms. He points out several dilemmas and provides possible answers to the hard questions like what should vested interests do to overcome the impediment in the new round of reforms, what kind of logics can get benefits, where we can find the new drivers for reforms and what the positive outcomes can institutional innovation bring to the world.


 

 

图片 v126.png

A Study of History: Abridgement of Volumes I-VI

By Arnold J. Toynbee, D.C Somervell (Editor)

    Arnold Toynbee’s A Study of History has been acknowledged as one of the greatest achievements of modern scholarship. He probed into the history and civilization of mankind as a philosopher and historian. He relates himself to 26 civilization in the world and the ultimate future of mankind. A Study of History is a veritable masterpiece of erudition and one of the most suggestive, stimulating and inspiring studies of this age. This abridgement version receives positive response from Toynbee. Toynbee believes that it is made by a clear mind that has not only mastered the contents but has entered 


Rewritten by: Luo Xinying, Edited by: Du Zhixin, Wei Yiyi

The year 2019 marks the fortieth anniversary of China’s Reform &Opening-Up, once again, we meet at the turning point of history. What’s the next step for the game, is there any clear guidance? The answer is affirmative.

Our country is enjoying a good momentum of development, which does not come from the Washington Consensus nor the Beijing Consensus. China’s experience has proved that both the visible hand and the invisible hand are crucial: the visible hand, stands for the government-led reform, and would yield benefits for reform and opening up; the invisible hand, stands for the Marginal Power represented by the private sector, and would improve economic efficiency and tax collection, create jobs and employment opportunities.

Provided that we want to protect and expand the benefits form reform, three simple but mandatory agreements are to be made and followed: No.1 Private ownership must be recognized, protected and treated equally with public ownership constitutionally, both ownerships are scared and inviolable;No.2 Make further clarification of the principal position of market economy, “deepen economic system reform by centering on the decisive role of the market in allocating resources”, as President Xi addressed in the third Plenary Session of the 18th CPC Central Committee;No.3 Implement the guiding principles of “comprehensively promoting law-based governance” of the fourth plenum. The rule of law is essential for economic growth, irreplaceable to protect private ownership, and necessary to encourage innovation and entrepreneurship.

Above are three rules for us to avoid falling into the Middle-income Trap. Assuming that we are breaking systematic barriers to private enterprises’ participation in market economy, and boosting innovation and entrepreneurship of our society, then we are heading towards a promoting direction. We are marching in the path of light, regardless of the ups and downs of Sino-US relationship, the drop in GDP growth rate, or the monetary policy.

These principals also apply on knowing how better to run a business: don’t be hedged by rules and regulations at the beginning, pay more attention to your survival, and you’ll learn more when you start your second business.

For many years, Huawei has been the only Chinese company on the list of the Top 50 R&D Spenders. Regardless of the economy and its income, what Huawei has been doing is investing in its future, dedicated to R&D, continuously and resolutely. This provisional work underscores Huawei’s accomplishments, making Huawei anindustry leader.

So, there are standard answers on how to run a company,which could be summarized as concentration and professional dedication, continuous investment on innovation and trying harder in R&D. Entrepreneurship is also important, every single company needs entrepreneurs to push aside all obstacles and difficulties, to implement strategies and ideas. We, as investors, are destined to look for such outstanding entrepreneurs and their companies, invest in them and partner with them.

At this key point of history, a country, a company, or asingle individual, will all need to find the right path. Four decades after the Reform and Opening-up, it’s time to learn from our experience and stop “wadding across

ab2-1.jpg

Stay up-to-date

Email Alerts
To receive newsletter from CoStone Capital, sign up below.

Submit