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Beijing Review

Beijing Review Vol.63/No.5

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.
stable and high-quality growth

China’s economic growth has slowed down in recent years. The global economic gloom in the wake of Sino-U.S. trade tensions and the rise of trade protectionism have also given rise to concerns about its performance. However, data released on January 17 by the National Bureau of Statistics shows that the economy remained stable with steady improvement in quality and still contributes much to the global economic growth. The Chinese economy is transitioning from high-speed growth to high-quality development. In 2019, it grew at 6.1 percent, which was within a reasonable range and met the 6-6.5 percent target set by the government. The rate was significantly higher than the global growth rate, which means China continued to be the fastest growing major economy in the world. Moreover, all major economic indicators including employment,…

6 мин.

Ice and Snow Visitors enjoy the scenery of rime-covered trees along the Songhua River in Jilin City, Jilin Province, northeast China, on January 17. Crossing 1.4 Billion The total population on the Chinese mainland surpassed 1.4 billion at the end of 2019, official data showed on January 17. The population figure stood at 1.40005 billion at the end of last year, increasing 4.67 million from one year earlier, according to the National Bureau of Statistics (NBS). The figure does not include the population of the Hong Kong and Macao special administrative regions as well as Taiwan or Chinese living overseas, according to the NBS. Meanwhile, the working-age population continued to shrink. A breakdown showed that the country’s working-age population, those aged between 16 and 59, shrank by 890,000 from one year earlier to 896.4 million, accounting…

6 мин.

Insurance Debut The first wholly foreign-owned insurance holding company in China, Allianz China Holding, opened in Shanghai on January 16. The company, fully owned by the Allianz Group, has 2.72 billion yuan ($396.57 million) in registered capital. “Today’s launch underlines the positive long-term cooperation between China and Germany, and positions us to play an even greater role in the fastest growing economy in the world,” Oliver Bater, Chairman and CEO of the Allianz Group, said. The company’s establishment was approved by the China Banking and Insurance Regulatory Commission in November 2019. China has taken a slew of measures to open up the insurance industry, including removing the foreign ownership cap on life insurers since January 1. Rising Demand Natural gas consumption will continue to increase in China in 2020 amid efforts to tackle air pollution, said PetroChina,…

1 мин.

RUSSIA President Vladimir Putin meets with Federal Tax Service chief Mikhail Mishustin in Moscow on January 15, the day when the government headed by Dmitry Medvedev resigned. Mishustin was named prime minister a day later MEXICO A group of visitors pose for a selfie at an exhibition of children’s drawings, China in My Imagination, in a museum in Mexico City on January 16 UNITED NATIONS A minute’s silence is observed for the victims of a devastating earthquake in Haiti in 2010 at the UN headquarters in New York City on January 17. The quake killed nearly 300,000 people, including 102 UN personnel THE NETHERLANDS People pick tulips at Dam Square in front of the Royal Palace in Amsterdam on January 18, celebrating National Tulip Day GERMANY Models on the ramp during the Berlin Fashion Week Autumn/Winter 2020 on January…

6 мин.
people & points

CHINESE SKATER BAGS GOLD IN SWITZERLAND Speed skater Yang Binyu won the women’s mass start race at the Third Winter Youth Olympic Games in St. Moritz, Switzerland on January 16. It was China’s first gold at the event. The Chinese speed skating team bagged one gold, a silver and two bronzes. Yang finished 13th in the mixed team sprint on the natural ice rink of Lake St. Moritz on January 15. The other teammates in this event were Carla Alvarez Fernandez from Spain, Filip Hawrylak from Poland and Nuraly Akzhol from Kazakhstan. The mixed team sprint, initiated at the edition in 2016, is regarded as a platform for young athletes from different countries and regions to bond as friends. Yang is from Heilongjiang Province in northeast China. The 17-year-old impressed the media with…

6 мин.
for the next milestone

The author is a research fellow with the National Academy of Development and Strategy of Renmin University of China China’s per-capita GDP has surpassed the $10,000 landmark, according to a statement by the National Bureau of Statistics on January 17. In 2019, the GDP totaled $14.38 trillion, showing the long distance it has traveled since reform and opening up in 1978. In 1978, the GDP was $149.5 billion, accounting for just 1.8 percent of the global economy. The per-capita GDP stood at $156, much lower than the average even in the least developed countries south of the Sahara Desert at $490. From the perspective of per-capita GDP, China was the poorest country in the world at that time. In the past four decades, the average annual growth rate of China’s GDP reached…