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Beijing Review

Beijing Review Vol.63/No.2

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.
composure and confidence

Throughout 2019, the struggle between multilateralism and unilateralism intensified around the world, led by a surge in protectionism, populism, power politics and bullying. Against this backdrop, contention among major powers was sharper, global governance faced many challenges and the world economy continued to be sluggish. China saw its ties with the world from a wider perspective and rose to meet diplomatic challenges, displaying its strategic composure and confidence. It strived to maintain stable relations with major powers in 2019. The year marked the 70th anniversary of the establishment of diplomatic ties between China and Russia. Their relationship is entering a new era of mutual support, deep convergence, continuous innovation and mutual benefit. China-EU ties remained stable. Despite difficulties within Europe, China and EU leaders met frequently and reached broad consensus on major issues…

6 мин.

New Year Greetings Students write the Chinese characters fu, meaning good fortune, and chun, meaning spring, during a calligraphy writing activity at a school in Nanning, capital city of Guangxi Zhuang Autonomous Region, south China, on December 31, 2019. Holiday Directive A directive issued by the General Offices of the Central Committee of the Communist Party of China (CPC) and the State Council on December 26, 2019 urged to look after people in difficulties during the festive season leading up to the Spring Festival holidays. Laying down the priorities for CPC and government work during the most important national holiday, it said Party committees and administrations at all levels should offer relief funds for people in dire poverty. Assistance should be strengthened to needy groups, including senior citizens in straitened circumstances, people with disabilities,…

6 мин.

Bank Reform In the latest effort to boost growth, China’s central bank has pledged to push market-based reforms, aiming to significantly bring down real interest rate levels and cut social financing costs. Prudent monetary policy should be pursued with moderate flexibility to maintain market liquidity at a reasonably ample level, according to a statement published on January 1 after a regular meeting of the Monetary Policy Committee of the People’s Bank of China. China will ensure that the increases in M2 money supply (cash in circulation and all deposits) and aggregate financing will be in keeping with nominal GDP growth, the statement said, ruling out the possibility of “flood-like” stimulus. Financial supply-side structural reform will be advanced to enhance support for high-quality development, and more efforts will be made to guide financial institutions to…

1 мин.

KAZAKHSTAN Rescuers work at the site of a plane crash in Almaty on December 27, 2019, which killed 15 people and injured dozens TURKEY A visitor takes a selfie at a chocolate museum in Istanbul on December 30, 2019. The museum features more than 100 chocolate reproductions of famous architectures, figures and artworks from all over the world IRAQ A security room of the U.S. Embassy in Baghdad in set on fire on December 31, 2019 during a demonstration against U.S. airstrikes on Iraqi paramilitary Hashd al-Shaabi forces. The U.S. vowed to deploy more troops to the Middle East UNITED STATES Fireworks and confetti fill the night sky during New Year celebrations in Times Square in New York City on January 1 INDONESIA A boy sits in a submerged street in Jakarta on January 1, after torrential rains since…

6 мин.
people & points

NEW HEAD COACH FOR NATIONAL FOOTBALL TEAM Li Tie was appointed head coach of Chinese men’s national football team on January 2. On November 14, 2019, Marcello Lippi resigned as China’s head coach after China lost to Syria 2-1 in a crucial World Cup qualifier. Li, born in May 1977, started playing football at the age of 8. He was selected to the national football team in 2001 and participated in the FIFA World Cup in 2002. He joined Lippi’s coaching staff and served as assistant coach in 2016. Two years after leaving in 2017, he returned and led the team to the EAFF East Asian Cup in 2019. His good performance during the championship helped his appointment. China, eight points behind group leader Syria, will play its next Asian World Cup qualifier at home…

6 мин.
building a shared future for all

The author is president of the Center for China and Globalization, a Beijing-based think tank The year 2019 was eventful in global affairs. It also marked the 70th founding anniversary of the People’s Republic of China (PRC). China has changed in ways unimaginable seven decades ago. It has become a leading engine of the global economy. Its citizens and companies are active all over the world. As China’s economic footprint has grown, so has its need for diplomatic engagement. At the time of its founding in 1949, the PRC had only a fledgling diplomatic corps, and was shunned by many countries and global institutions. Today, it has forged ties with countries in every corner of the globe and plays a leading role in international organizations. Its diplomatic network has grown to 276…