BYTEDANCE CEO TO STEP DOWN

Zhang Yiming， the founder of ByteDance， a privately-held startup offering global creation and interaction platforms， will step down as CEO later this year as the company gears up for unprecedented changes， both at home and abroad.

In a recent internal letter to employees， 38-year-old Zhang， who previously founded several successful apps like TikTok， said he is making the transition to spend more time on “long-term strategy， corporate culture， and social responsibility.”

“Although the business has been developing well， we hope that the company will continue to make greater innovations and breakthroughs， and become more creative and meaningful，” he said.

According to the company， Liang Rubo， currently head of human resources of ByteDance， will take over as CEO and Zhang will move into a key strategy role by the end of this year.

Garbage Sorting

Economic Daily May 25

A year after the implementation of compulsory garbage sorting in Beijing， the household waste of Chinas capital city has been reduced significantly. However， residents and communities living in this metropolis are still trying to acclimatize to the new recycling system.

In the first four months of 2021， average daily volume of household garbage in Beijing was 20，600 tons， a decrease of 25.6 percent from 2019， with a daily reduction of more than 7，100 tons. The participation of Beijings residents in waste sorting reaches 90 percent.

However， the biggest challenge in implementing waste classification is getting residents to develop the habit and fully participate. More specific measures should strengthen peoples awareness and spur them on to take the initiative.

Meanwhile， there is still great potential to reduce waste from being produced， like decreasing food waste， the use of take-out lunch boxes and general packaging.

In the future， both government and community units will look to further improve services to better respond to citizen complaints regarding waste removal and transportation， daily maintenance of garbage stations， and the random stacking of large and construction waste.

Shanghais New Journey

Outlook Weekly May 24

From developing the Pudong financial district to launching a pilot free trade zone， Shanghai has been a symbol of Chinas openness and economic development. Now， the city is among the most vibrant urban centers in all of Asia.