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Beijing Review

Beijing Review Vol.63/No.17

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.

Beijing Review
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2 мин.
on target

With the novel coronavirus disease under control in China and the economy recovering, the sunny island of Hainan in the south, the youngest province in the country, has reported progress in its new mandate to become a free trade port. A Ministry of Commerce official said on April 13 that 97 percent of the pilot tasks set down in the transformation plan, which was drafted two years ago, have been completed. Hainan became a province and a special economic zone in 1988, when reform and opening up was in full swing in China. It benefited from the double advantage of preferential economic policies as well as its geographic advantages. It is a key link on the 21st-Century Maritime Silk Road, connected to international shipping routes passing through the South China Sea…

6 мин.

Vaccine Development The COVID-19 vaccine workshop of the China National Pharmaceutical Group (Sinopharm) on April 10. Developed by the Wuhan Institute of Biological Products under Sinopharm and the Wuhan Institute of Virology under the Chinese Academy of Sciences, the vaccine was approved for clinical trial on April 12. Another vaccine developed by Sinovac Research and Development, a company based in Beijing, was approved for trial on April 13. COVID-19 Survey To track asymptomatic cases of the novel coronavirus disease (COVID-19), Wuhan, the hardest-hit city in China, launched an epidemiological sample survey of local residents on April 14. The survey started in Jiangxia District where 880 residents received free nucleic acid and antibody tests. The survey will cover 11,000 residents in 13 districts. To ensure data accuracy, random sampling is being carried out in 100 residential…

6 мин.

IPO Issuance China will maintain a generally steady pace in approving applications for initial public offerings (IPOs) while ensuring stable market operation, Shanghai Securities News reported on April 13. The issuance of the IPOs will not be suspended due to any factors, nor will they be done in large batches or a centralized manner, the report said, quoting sources from authorities. The China Securities Regulatory Commission (CSRC) has been advancing the issuance of new IPOs in a regular way since the outbreak of COVID-19, leveraging the capital market’s role in supporting epidemic prevention, work resumption and development of the real economy. Related departments are mulling rules on handling interim performance fluctuations due to the epidemic and will enhance the capital market’s resilience in forestalling risks, according to the report. Since the beginning of the year,…

1 мин.

VIET NAM Prime Minister Nguyen Xuan Phuc (center) attends the Special Association of Southeast Asian Nations Summit on COVID-19, which was held online, in Hanoi on April 14 DENMARK Giant pandas Xing Er and Mao Er play in Copenhagen Zoo on April 10. They are on loan to the zoo from China and will stay in Denmark for 15 years ITALY A doctor poses with an Easter egg during a break on Easter Sunday, Italy’s major religious holiday, at the Santo Spirito Hospital in Rome on April 12 UNITED STATES International Monetary Fund (IMF) chief economist Gita Gopinath speaks at a virtual press briefing in Washington, D.C. on April 14. The global economy is on track to contract “sharply” by 3 percent in 2020 as a result of the COVID-19 pandemic, according to the IMF’s World Economic…

6 мин.
people & points

NEW CPAFFC PRESIDENT Lin Songtian, former Chinese Ambassador to South Africa, is now president of the Chinese People’s Association for Friendship with Foreign Countries (CPAFFC), a position he assumed on April 9. The 60-year-old will also preside over the association’s executive council as secretary general. The association is one of the earliest national people’s organizations to enhance people-to-people ties and further international cooperation. Lin joined the Ministry of Foreign Affairs in 1978 and was assigned to South Africa as ambassador in 2017. He succeeds Li Xiaolin, who served the association for 45 years before retiring. Li said in a letter on the association’s website that she had a wonderful experience working for world peace. Psychological Help Xinhuanet.com April 8 In the aftermath of the COVID-19 epidemic, providing psychological assistance has become more important in Chinese society as…

7 мин.
ready for bigger things

Log in. Declare online. Wait for an hour. Approved! Liu Xinyuan, Manager of Hainan Rouming Red Heart Dragon Fruit Co., heaved a sigh of relief when he saw the approval for his application to export dragon fruit flashing on the online government service platform of Hainan, the southernmost Chinese province where his company is based. Spring is the harvest season for tropical fruits and Liu planned to export dragon fruit to Europe in early February. But with the novel coronavirus epidemic forcing many offices to stay closed, Liu had worried that customs clearance would take a long time and the fruits might go bad. To his surprise, he got a phone call from a local customs officer who asked him to declare his goods online on the platform the local government had…