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Beijing Review

Beijing Review Vol.63/No.15

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.
significance of new infrastructure

Accelerating the construction of new infrastructure is a major strategy for China, and includes 5G networks, the industrial Internet, ultra-high voltage power transmission, inter-city transportation and inner-city rail systems, new-energy vehicles and charging piles, big data centers and artificial intelligence. But why is China focusing on new infrastructure now? Infrastructure serves as the cornerstone of economic and social development. After the adoption of the reform and opening-up policy, China accelerated the construction of traditional infrastructure to boost its economy. With great advancements such as housing, roads and railways over the last 40 years, traditional infrastructure is no longer such a powerful driving force for the economy. New growth impetus is needed, and new infrastructure fits the bill. During the Central Economic Work Conference of 2018, the Chinese Government decided to accelerate the…

1 мин.
uplifting tour

President Xi Jinping visits the Chuanshan area of the Ningbo-Zhoushan Port in Zhejiang Province, east China, on March 29. Xi, also General Secretary of the Communist Party of China Central Committee and Chairman of the Central Military Commission, inspected the resumption of work and production in Zhejiang. The Ningbo-Zhoushan Port, one of the world’s top container ports, handled about 1.12 billion tons of cargo in 2019. Zhejiang is one of China’s major foreign trade hubs. Businesses in the province are fast resuming operation.…

4 мин.

Back on Track Workers at the site of a subway line in Wuhan, Hubei Province in central China, on March 30. The line resumed construction that day. Marine Environment China has launched an eight-month-long special law enforcement campaign to enhance marine environmental protection, according to the China Coast Guard (CCG). The campaign, coded Blue Sea 2020, is running from April 1 to November 30, said a statement jointly issued by the CCG, Ministry of Natural Resources, Ministry of Ecology and Environment and Ministry of Transport. The campaign targets violations of laws and regulations in eight fields including marine and coastal construction projects, offshore oil exploration and exploitation, marine dumping and sea sand mining and transportation. Any illegal activity that causes pollution and damage to the marine ecological environment will be cracked down on. Medical Insurance The basic medical…

5 мин.

Tax Cuts The State Taxation Administration (STA), China’s top tax watchdog, said on March 31 that tax and fee cuts topped 402.7 billion yuan ($56.8 billion) in the first two months of this year. Of the total, the preferential tax and fee measures unveiled to support the prevention and control of the novel coronavirus disease (COVID-19) and economic development generated savings of 158.9 billion yuan ($22.4 billion), Wang Daoshu, an official with the STA, told a press conference. The remaining 243.8 billion yuan ($34.3 billion) of taxes and fees were reduced as a result of the implementation of a larger scale of tax and fee cuts rolled out last year. The benefits from the cuts are expected to increase as new batches of policies aimed at alleviating the burdens of small firms and private…

1 мин.

REPUBLIC OF KOREA Children walk past a basketball court at a primary school in South Gyeongsang Province on March 31. The country decided to begin the new school year with online classes on April 9 CZECH REPUBLIC A developer demonstrates the process of making respirators by using 3D printing technology in Prague on March 26 THE PHILIPPINES Emergency workers inspect the wreckage of a plane that crashed at the Ninoy Aquino International Airport in Manila on March 29. Eight people on board died in the crash LAOS Workers lay tracks for the China-Laos Railway, a docking project between the Belt and Road Initiative and Laos’ strategy to turn from a landlocked country into a land-linked hub, in Vientiane on March 27 CAMBODIA Soldiers take part in the Dragon Gold 2020 joint drill on counterterrorism and humanitarian rescue in the…

5 мин.
people & points

RICHEST SELF-MADE WOMAN Zhong Huijuan, CEO of Hansoh Pharmaceutical Group Co. Ltd., has become the richest self-made woman billionaire in the world with $15.1 billion, according to the Hurun Research Institute. She also has one of the fastest-growing fortunes among the 100 female billionaires worldwide. Zhong, 58, was a chemistry undergraduate who taught chemistry at a middle school in Lianyungang, Jiangsu Province in east China. She founded Hansoh in 1995. It is China’s largest maker of psychotropic drugs. Hansoh produces drugs in six major therapeutic areas, including oncology, gastrology and cardiology. The company reported profits of 1.9 billion yuan ($267.4 million) in 2018. It went public in Hong Kong in 2019, with Zhong holding a 68-percent stake. Zhong’s husband, Sun Piaoyang, is the CEO of Jiangsu Hengrui Medicine Co., a manufacturer of anti-tumor drugs. New…