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Annual Fishing Ban Begins On Chinese Rivers

The fishing ban has, to some degree, contained the deterioration of fishery resources along Chinese rivers

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China imposed ban on annual fishing to protect marine life. VOA
China imposed ban on annual fishing to protect marine life. VOA
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  • China imposed a ban on annual fishing
  • Strict actions are being taken to  stop the illegal fishing
  • The restriction is aimed at protecting aquatic wildlife

The annual fishing ban on China’s rivers, that coincides with the spawning season, began on Thursday. It will last until June 30, authorities said.

The ban covers main streams, tributaries and lakes along the Yangtze, Huaihe, Minjiang and Pearl rivers, reports Xinhua.

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Annual fishing banned in China. Pixabay.

Nearly 10,000 people and 1,000 vessels from 21 provincial regions will work to prevent illegal fishing and related activities during the moratorium.

Local governments will provide allowances to fishermen affected by the ban.The fishing restriction aims to protect aquatic resources and biodiversity as over-fishing threatens resources, authorities said.

Also Read: India China’s Fight Over the Doklam Plateau Explained

“The ban period covers the spawning season for most aquatic life in the rivers, which will boost aquatic resources and help maintain the ecological balance,” said Chen Shi, an official in Jiangsu province.

The annual ban was initiated in 2002 on the Yangtze River, the country’s longest, and on the Pearl River in 2011.

The step is being taken t protect the marine life.

The ban was extended from three months to four in the Yangtze River in 2016 and in the Pearl River in 2017, in a bid to better protect fish resources. The fishing ban has, to some degree, contained the deterioration of fishery resources along Chinese rivers, said Cheng Jianxin, a marine surveillance official. IANS

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To Pursue Philanthropy, Alibaba’s Chief Executive Jack Ma Steps Down

Ma is retiring as at a time when the China is embroiled in an escalating trade war with the US and the Chinese economy is facing slowing growth and increasing debt.

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The logo is displayed at the New York Stock Exchange, in New York. VOA

In a surprising move, China’s richest man, Jack Ma, has revealed plans to step down as the Executive Chairman of e-commerce giant Alibaba on Monday to pursue philanthropy in education, paving the way for a change of guard for the $420 billion Internet company that he co-founded.

Ma will turn 54 on Monday, which is also a holiday in China and known as Teacher’s Day.

In an exclusive New York Times interview, the Chinese billionaire said on Friday that his retirement was not the end of an era but “the beginning of an era”.

“I love education,” the Chinese billionaire said, adding that he would be spending more of his time and fortune focused on education.

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A former English teacher, Ma co-founded Alibaba with 17 others out of his apartment in Hangzhou, Zhejiang province, in 1999.

He built it into one of the world’s most consequential e-commerce and digital payments companies, transforming how Chinese people shop and pay for things which fuelled his net worth to more than $40 billion, making him China’s richest man.

Ma is revered by many Chinese, some of whom have put his portrait in their homes to worship in the same way that they worship the God of Wealth.

Ma will remain on Alibaba’s board of directors and continue to mentor the company’s management.

The retirement makes Ma one of the first founders among a generation of prominent Chinese Internet entrepreneurs to step down from their companies.

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Visitors walk past a giant display at the Alibaba Group headquarters in Hangzhou, in eastern China’s Zhejiang province, May 27, 2016. VOA

Firms including Alibaba, Tencent, Baidu and JD.com have flourished in recent years, growing to nearly rival American Internet behemoths like Amazon and Google in their size, scope and ambition.

Last month, Alibaba reported a 60 per cent increase in quarterly sales, even as profits fell.

The company’s annual revenue totals about 250 billion yuan ($40 billion).

Alibaba has also changed the way people work in China. Millions of people now run their own shops selling goods on its Taobao ecommerce platform or stream their own videos on its entertainment platforms, The Financial Times reported.

Taobao is estimated to have created almost 37m jobs in China, according to a study last year by Renmin University’s School of Labour and Human Resources, the report added.

For Chinese tycoons to step aside in their 50s is rare; they usually remain at the top of their organisations for many years.

Alibaba
Ma is revered by many Chinese, some of whom have put his portrait in their homes to worship in the same way that they worship the God of Wealth. Flickr

In an interview earlier this week, Ma had signaled that he was thinking about focusing more on philanthropy. He cited the Microsoft co-founder and philanthropist Bill Gates as an example.

Also Read: Researchers In China Discover a Potential Antibiotic

Ma is retiring as at a time when the China is embroiled in an escalating trade war with the US and the Chinese economy is facing slowing growth and increasing debt, The New York Times report said. (IANS)