In 1996, one would probably define “new economy” as an economy powered by technology. Now, five years later, various new advancements are calling for a modified view.
It is true that new economy is driven by technology, but that is not all. A spirit of innovation and initiative is also fueling its progress.
Five years ago, technology was the dominant impetus. But since then an ever stronger momentum has been generated by such players as wealth，stocks, and Internet, which are more than technology. Indeed, they stem from the spirit of innovation and initiative.
Therefore, while technology remains the propelling force for new economy, it is innovation plus initiative that has kept it thriving. New economy is not merely an economy of technology.
The spirit of innovation, in particular, may well become the leader among a host of emerging values.

Like examinations, the annual ranking of school is a necessary evil. It is a boon to schools which do well and a bane to those which fail to measure up. Ranking is good in that it will lead to competition which will raise the overall teaching standards of schools. However, competition can be both virtuous and vicious and it is quite impossible to just retain the former and say no to the latter.
The negative effects of the inevitable vicious competition may be a lot more damaging than we think. For a school to prove that it has made progress and emerge the winner in the yearly battle, the principal, teachers and pupils will all have to focus their time and energy on achieving excellent academic results.
It is unfortunate that to a large extent, academic scores have become the primary concern in the learning process.