The CoStone Reader Recommends Vol. 15: Special Volume 2 for 2016 Lunar New Year



    Reading and travelling can enrich our lives and rejoice ourselves. Genes and environment affect the fate of most people. The last generation lived in the turbulent and chaotic era when people drifted all their lives and still were grateful to be alive. They suffered from anti-fascist war, civil war, three years of grave natural disasters which took away tens of millions of lives and cultural revolution. Waves of suffering overwhelmed people at that times. One needed enormous luck and power to escape from these man-made or natural disasters. The chaotic times and environment make people unable to read and travel. When our basic needs are met and no one should work around the clock to make ends meet, reading and travelling can enrich our lives and become a better person. They do not take much, but they can flourish our minds and enlighten our lives.



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The Responsibility of Wealth and Evolution of Capitalism: Revelation of a Century’s Development of American Philanthropy

By Zi Zongjun

    The Responsibility of Wealth and Evolution of Capitalism is an informative guide to American philanthropy. Zi Zhongjan posts an inspiring question that how the capital can be generated to do something good. He endured years of hardship to find a way to utilize capital to benefit the world. In line with Zi Zhongjun, CoStone believes that funds should be invested in inventions and innovations and should support enterprises. When the enterprises are fully grown, they are able to join philanthropy. CoStone joins hands with OPPLE to promote traditional Chinese culture through Lianbang Charity Group. We build up a philanthropic system ourselves instead of donating money, thanks to the wisdom and the kindness of our customers and employees.

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Rebirth: The Path of Strategic Transformation for Chinese Enterprises

By Shi Wei

    Shi Wei, an excellent consultant in chief of China Stone and scholar of practical management. Written in lucid and logic words, Rebirth concludes Shi Wei’s insights on the transformation of Chinese enterprises. He believes that corporate culture is the basis of growth. The culture embedded in an enterprise refers to the designs of leadership and social values. At present, Chinese enterprises are suffering from tremendous anxiety and struggling to survive. Only when enterprises remain true to their goals and abide by their values can they walk out of the darkest hours.



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Foreign Invasion: The Questions about Modern China

By Yang Guisong

    Yang Guisong is a world-class and world-renowned expert on China’s modern history and the history of the Communist Party of China. He makes all knowledge about modern China his province, and in Foreign Invasion is to be found more worldly wisdom and commonsense than in any other book. One can understand the history well through his lucid essays in this book. The presence of a worldly-wise and supremely rational mind can bring the beauty of history to readers.



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The Cambridge History of Chinese Literature

Edited By Kang-I Sun Chang and Stephen Owen

    The Cambridge History of Chinese Literature is edited by famous scholars, Kang-I Sun and Stephen Owen, which represents the highest level of studies on China in the West. The History offers both an integrated narrative, situating literature in its larger cultural context, and an overview of the key developments of Chinese literature in the past millennia accessible to non-specialist readers as well as scholars and students of Chinese.




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Lectures on Classical Chinese Poetry

By Gu Sui

    Ye Jiaying is the student of Gu Sui in Fu Jen Catholic University as well as the greatest master of Chinese literature in 20th century. This book records the key points of Gui Sui’s lectures. Gu Sui combines Chinese culture with western cultures and offers insights on lives and society. The integration of culture, literature and art enables readers to travel the cosmos of Classical Chinese poetry.



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Fengjing Jiu Cheng’an

By Ye Jiaying

    Written in poetic and lucid words, Fengjing Jiu Cheng’an is one of the classics of Ye Jiaying, an outstanding scholar and advocate of classical Chinese culture. Never a writer can use such plain and lucid words to explain such complicated notions in traditional culture. She is still a keen lecturer even at her nineties. She expounds exposition, comparison and affective image, three profound techniques of Chinese poetry, with plain but worldly-wise words. This book displays a diversified world hidden in the poems of famous poets. The beauty in it gushes out as the reader starts to read.

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


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