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BEIJING REVIEW
Opening Up: From China to the World
"Opening up is a defining feature of Chinese modernization," according to the Resolution of the Central Committee of the...
Unpacking Misconceptions
China has always looked to cooperating with rather than dominating other countries
For the Public Good
When the Belt and Road Initiative was first put forward in 2013, few might have imagined that it would encompass more than 150 countries and international organizations in collaborative projects in a matter of years. The initiative, proposed by Chinese President Xi Jinping and consisting of the Silk Road Economic Belt and the 21st-Century Maritime Silk Road, aims to boost connectivity along and beyond the routes of the ancient Silk Road. With a view to enhancing both China’s development and its cooperation with global partners, it focuses on cementing links in five key areas: policies, infrastructure, trade, finance, and people-to-people bonds. Policy coordination The number of cooperation documents signed between China and other countries has increased substantially as the circle of participants in the Belt and Road Initiative widens. Italy became the first member of the Group of Seven to sign a memorandum of understanding on the initiative with China in March. Italian Prime Minister Giuseppe Conte said Italy is glad to seize this historic opportunity to join the Belt and Road Initiative, with its special geographical advantage in building connectivity. To date, China has signed 173 cooperation documents with 125 countries and 29 international organizations. According to Building the Belt and Road: Concept, Practice and China’s Contribution issued in May 2017, there were only 46 agreements with 39 countries […]
A New Cooperation Model
Italy’s Belt and Road pact with China shows developed countries too can benefit from the inclusive initiative.
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 […]