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Beijing Review

Beijing Review Vol. 62/No.30

Beijing Review is China's only national newsmagazine in English. It is published every week in Beijing, by the China International Publishing Group (CIPG). Launched in March 1958, Beijing Review reports and comments on the country's social, political, economic and cultural affairs, policy changes and latest developments. It also offers in-depth analysis on major regional and international events, and provides consulting and information services.

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2 мин.
momentum maintained

Three inferences may be drawn from the data on China’s economic performance in the first half of the year released by the National Bureau of Statistics (NBS) on July 15. The data is especially important with the international community keenly watching the Chinese economy in view of the China-U.S. trade friction. First, the additional U.S. tariffs didn’t have a major impact on the Chinese economy. In the January-June period, China’s foreign trade reached 14.7 trillion yuan ($2.13 trillion), increasing 3.9 percent year on year. It was also 0.2 percentage points higher than the growth in the first quarter. The number of newly established foreign-invested enterprises crossed 20,000, with paid-in foreign investment reaching 478.33 billion yuan ($69.5 billion), increasing 7.2 percent year on year. The figures show that although the trade friction with…

5 мин.

Digital Museum A staff member introduces the Digital Palace Museum in Beijing on July 16. The museum launched seven digital products to transform cultural heritages into digital resources during a press conference on the same day. Healthy China The State Council issued a new guideline to implement the Healthy China initiative on July 15. With a focus on disease prevention and health promotion, the guideline proposes 15 special campaigns to “intervene in health influencing factors, protect full-life-cycle health and prevent and control major diseases.” An action plan for 2019-30 devised by a newly established State Council special committee was also made public, specifying the objectives and tasks of each campaign, as well as the responsibilities of different actors in the campaigns. In 2016, the Communist Party of China Central Committee and the State Council released the…

6 мин.

Credit Regulation The State Council, China’s cabinet, announced a credit-based market regulation mechanism will be built to help manage market orders and improve the business environment. It said in a guideline the mechanism will cover the whole life cycle of market entities as well as the regulation process. Market entities are encouraged to make public promises for honest operation and make use of credit reports for their businesses. Their credit performance will be recorded in a timely, accurate and comprehensive manner, while targeted regulatory measures will be taken on market entities with differencing credit levels. Credit defaulters will be held accountable in line with specific regulations and laws. More efforts will be made to enhance credit regulation information disclosure and improve regulation efficiency by leveraging big data and other technologies, according to the guideline. No Large-Scale Exit China’s…

1 мин.

LUXEMBOURG Jin Liqun, President of the Asian Infrastructure Investment Bank (AIIB), and Pierre Gramegna, Finance Minister of Luxembourg, at the fourth annual meeting of the AIIB in Luxembourg on July 12. This was the first time the meeting was held outside Asia THAILAND Prime Minister Prayut Chan-o-cha and newly appointed cabinet ministers pose for a group photo at the swearing-in ceremony in Bangkok on July 16 PAKISTAN A train accident site in Rahim Yar Khan on July 11. Two trains collided, killing 13 people and injuring over 70 SUDAN Representatives of the Transitional Military Council and the opposition Freedom and Change Alliance congratulate one another in Khartoum on July 17 after signing a political declaration on establishing transitional authorities to jointly govern the country NEPAL The Balkhu River floods Kathmandu on July 12. Many areas were inundated by the…

5 мин.
people & points

VICE MINISTER APPOINTED Ma Zhaoxu, China’s former permanent representative to the United Nations, has assumed the post of vice foreign minister, according to the website of the Ministry of Foreign Affairs. Ma is in charge of work related to international organizations and conferences, international economy and arms control. Born in Harbin, northeast China’s Heilongjiang Province, in 1963, Ma joined the Foreign Ministry in 1987. He served as director general of the ministry’s Information Department from 2009 to 2011 and as assistant foreign minister from 2011 to 2013. He was also China’s ambassador to Australia from 2013 to 2016, and served as China’s permanent representative to the UN Office at Geneva from 2016 to 2018, before becoming permanent representative to the United Nations. Improving Rural Medical Service People’s Daily July 16 For a long time, medical resources have…

9 мин.
meeting expectations

As it released data on China’s economic performance in the first half (H1) of 2019 on July 15, the National Bureau of Statistics (NBS) suggested that a solid foundation has been laid for the country to achieve its annual growth targets as the economy maintained steady, resilient development. The GDP in H1 grew 6.3 percent year on year to about 45.09 trillion yuan ($6.55 trillion), meeting the annual target range of 6-6.5 percent set by policymakers. In the second quarter (Q2), it rose 6.2 percent year on year, slowing from 6.4 percent in the first quarter (Q1). The Chinese economy has performed within an appropriate range despite global economic slowdown and domestic downward pressure. Instead of resorting to massive stimulus packages, the country has promoted reform and innovation, improved the domestic business…