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BEIJING REVIEW
China’s New Law on Foreign Relations
The Standing Committee of the 14th National People’s Congress, China’s top legislature, on June 28 passed a new foreign...
A Call for Economic Integration
Boao annual brainstorming hopes to catalyze more action for common development
Lessons From Belt and Road
The Asian Infrastructure Investment Bank (AIIB) has been one vehicle by which China has tried in the past few years to undertake this transformation from pupil to teacher.
Memories of Fireworks in China
The correlation between fireworks and pollution fatally damaged the image of fireworks that had been admired since ancient times. PM2.5 made them lose their shine and those who lit them felt uneasy and hesitant.
World Bank President Change May Have an Adverse Effect on China
Against the backdrop of intensified competition between China and the U.S., the new World Bank president is very likely to take a tougher attitude toward China. Meanwhile, China needs to be prepared for this outcome.
Longtan Temple Fair in Beijing
The Chinese Lunar New Year is the most important Chinese festival. In 2019, it fell on February 5, and Chinese people are enjoying a seven-day holiday which started on the last day of the previous year. Local temple fairs are held during the festival period and provide a place where residents and tourists alike can enjoy performances and games and taste local snacks. The Longtan Temple Fair is one of the most popular fairs in Beijing. It has four sections, including food, intangible cultural heritage, traditional performances, as well as the ice and snow festival.
Chinese Envoy Dispels Myths in U.S.
Ambassador presents statistics to show bilateral ties have always been beneficial.
Leveling the Playing Field
On December 25, 2018, when many parts of the world were celebrating Christmas, foreign investors eyeing China and Chinese enterprises also received a long-term gift. China’s National Development and Reform Commission (NDRC) and Ministry of Commerce (MOFCOM) released a nationwide negative list, detailing the industries prohibited or restricted for investment from both foreign and domestic investors. Industries not on the list are open for investment to all market players, creating a level playing field for all in terms of entry rules. There are 151 sectors on the list. Four of these are prohibited for investment, including illegal financing and unlawful Internet activities. The rest, such as agriculture, manufacturing, mining and ride-hailing business, needs government approval. The list also includes 581 specific rules. This is a shorter list following a trial run that started in 2016. The new list has removed restrictions on more sectors, slashing 177 sectors and 288 rules. “The implementation of the nationwide negative list shows that China has developed a unified, fair and rule-based system for market access,” Xu Shanchang, Director General of the Economic System Reform Department of the NDRC, said at a press conference held on December 25, 2018. “As it takes effect, local governmental agencies will be barred from making rules about market entry.” Xu stressed that inappropriate or discriminatory rules for market access […]
40 Years of China-U.S. Relations
History has also shown that the normalization of Sino-U.S. relations is good for both countries as well as the world.
China’s Reform: 40 Years Later
The most obvious risks are serious cracks in the international trading and financial system. These fissures are already having negative impacts in virtually every country, leading to higher costs for consumers and producers..
A Race to the Future
What best symbolizes China’s re-emergence as a prosperous world power over the course of 40 years of reform and opening-up era?
The Fate of G20 and World Economy May Rest on Xi-Trump Meeting
The highlight will be the summit between Chinese President Xi Jinping and U.S. President Donald Trump, representing the world’s two largest economies.