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Beijing Review

Beijing Review Vol.63/No.42

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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52 Issues

in this issue

2 min.
defending the international order

Though 75 years have elapsed, the aspiration and founding mission of the United Nations—world peace and development—must not change. We recognize and commend the UN for its contributions to the cause of peace and development. It has set up an international order and system centered on the purposes and principles laid down in its charter, established a collective security mechanism, and advanced peaceful settlement of disputes. Many regional conflicts have been brought under control, and the world as a whole has maintained peace and stability. Also, the UN adheres to the principle that all countries, big or small, are equal, and strives to carry forward the spirit of democracy. Taking development as its goal and following the trend of economic globalization, the world body has mobilized global resources and implemented the Millennium Development…

5 min.

Cornucopia A farmer harvests corn in Xituan, a village in Zhuozhou, Hebei Province in north China, on October 7. Railway Tunnel A tunnel on the new Chengdu-Kunming Railway was drilled through on October 7, marking another step toward the completion of the project. The new railway, which runs almost parallel to an existing one between the two cities, is a key project linking Sichuan and Yunnan provinces in southwest China. The tunnel is on the Emei-Miyi section of the railway, the only section that has not been opened for operation yet, according to the China Railway No.5 Engineering Group, which participated in the construction of the tunnel. With a designed speed of 160 km per hour, the new railway will greatly improve the passenger and cargo transport capacity in the southwestern region. Organic Products The number of organic…

6 min.

Bond Connect Trade The trading volume under China’s Bond Connect program in September reached 419 billion yuan ($61.7 billion), according to a monthly report released by the Bond Connect Co. Ltd. The program saw a total of 5,270 trade tickets, with an average daily turnover of 19 billion yuan ($2.8 billion) in September, the report said. By the end of the month, the program had 2,171 approved investors, including 74 of the top 100 global asset management companies. The Bond Connect program, launched in July 2017, is a mutual market access scheme that allows overseas investors to invest in the Chinese mainland’s interbank bond market using financial institutions on the mainland and in Hong Kong. Tax Cuts Tax and fee cuts totaled 1.88 trillion yuan ($276.06 billion) in the first eight months of the year, according…

1 min.

SERBIA Minister of Construction, Transport and Infrastructure Zorana Mihajlovic and Zhang Xiaoyuan, Director of China Road and Bridge Corp. Serbia, sign an agreement to build the Fruska Gora Corridor, watched by President Aleksandar Vucic and Chinese Ambassador to Serbia Chen Bo in Belgrade on October 6. The $715-billion project entails a 47.7-km multi-lane road, a tunnel and a bridge across the Danube River EUROPEAN UNION European Commission President Ursula von der Leyen announces legal action against the United Kingdom in Brussels, Belgium, on October 1, alleging that the latter’s Internal Market Bill breaches the Brexit deal reached in January ITALY People wear masks at the Piazza Venezia in Rome on October 6. The government announced that the national state of emergency, first declared on January 31, would be extended for at least one year AFGHANISTAN Security forces…

5 min.
people & points

YOUNGEST WINNER OF XPLORER PRIZE 2020 Huang Qianqian, a 30-year-old assistant professor at the Department of Microelectronics, Peking University, has become the youngest winner of the Xplorer Prize, an annual public-interest award that recognizes inspirational Chinese scientists younger than 45 working full-time. Huang, a PhD, spent over nine years researching microelectronics and solid-state electronics. In 2017, she became a doctoral supervisor at Peking University. Two years later, she was named in the 30 Under 30 China list by Forbes, highlighting 30 high-achievers under 30 in different fields. The Xplorer Prize was instituted in 2018 by Tencent CEO Pony Ma, Professor Rao Yi of Peking University, and other scientists. Tencent Foundation provides 3 million yuan ($439,800) to each award-winner in five years. Boosting New Consumption People.com.cn September 23 The General Office of the State Council has recently…

7 min.
recovering better, rising stronger

Editor’s Note: Given the sheer magnitude of the UN’s mission, it is a tall order to present a panoramic review of the world body’s journey over the past 75 years. In this issue, we therefore focus on a few aspects of the UN’s work through the eyes of officials and academics. We hope their insights into issues that remain pertinent even today will inspire and inform more deliberations on the UN’s evolving role and the enduring value of the fundamental principles it upholds. The importance of the development of societies gained global attention in the aftermath of World War II. The need for economic recovery and the birth of many nations as a result of decolonization emerged as cornerstone issues that would guide succeeding deliberations at the United Nations. As early as…