Innholdsfortegnelse for Vol.64/No.26 i Beijing Review

SOE Performance The combined profits of stateowned enterprises (SOEs) surged 170 percent year on year to 1.79 trillion yuan ($276 billion) in the first five months of the year, according to the Ministry of Finance on June 23. Average profit growth for the same period in 2019 and 2020 came in at 13.5 percent. During the January-May period, the profits of centrally administered SOEs rose 130 percent year on year to 1.25 trillion yuan ($193 billion). The SOEs saw their total revenue rise 30.5 percent year on year to about 28.22 trillion yuan ($4.35 trillion). That of centrally administered SOEs increased 27.4 percent year on year to nearly 16 trillion yuan ($2.47 trillion). At the end of May, the debtto-asset ratio of the SOEs came in at 64.3 percent, edging…

As the Communist Party of China (CPC) celebrates the 100th anniversary of its founding, how the Party manages relations with the rest of the world has become a main focus of attention. Since its inception, the CPC has been a progressive party with an international vision. During the revolutionary years, it won the support and sympathy from many other countries. Since the founding of the People’s Republic of China in 1949, the CPC’s international relations have become part of China’s diplomacy, contributing to the country’s development as well as reform and opening up. Global ties In early 1949 when victory for the CPC-led revolution was in sight, Mao Zedong and other leaders met with Anastas Mikoyan, member of the Political Bureau of the Central Committee of the Communist Party of…

The year 2021 marks the 30th anniversary of the establishment of the dialogue partnership between China and the Association of Southeast Asian Nations (ASEAN). Over this period, cooperation between China and ASEAN countries has continuously progressed, turning both sides into strategically important players within the Asia-Pacific region. Achievements The past decades witnessed the improvement of bilateral relations across various fields. They have not only established a strategic partnership and a free trade area to strengthen their practical cooperation, but also extended their cultural and people-to-people exchanges, and enhanced security ties by combating common threats. Moreover, by preserving close coordination and cooperation on both international and regional issues, they have played a key role in stabilizing the region. China and ASEAN have been jointly building a closer community with a shared…

Tang Zhenya has worked as a postman of the China Post Laozishan Township Branch for over 20 years. What sets him apart from many of his peers is that he does not only deliver parcels on land, but also on water. In 1999, Tang became the only postman of the branch located in Huaian, Jiangsu Province. Before him, 11 postmen had left the position at the branch because they could not cope with the hardship or keep up with the scope of the job. In the past two decades, Tang has traveled over 300,000 km on water to deliver parcels to villagers. Laozishan is located where the Huaihe River and the Hongze Lake converge, with nearly half of its 18,000-strong population living on fishing and aquaculture. Local residents either inhabit…

A combo photo shows Chinese President Xi Jinping, also General Secretary of the Communist Party of China Central Committee and Chairman of the Central Military Commission, at the Beijing Aerospace Control Center (left) in conversation with the three astronauts stationed in the country’s space station core module Tianhe, on June 23. The three astronauts entered Tianhe on June 17 after their Shenzhou-12 spacecraft docked with the module earlier that day. They are scheduled to stay there for three months and execute a wide variety of tasks.…

Aleksei Sokol First Secretary of the Central Committee of the Communist Party of Belarus The main reason for the CPC’s longevity is its ability to adapt the Marxist theory to the Chinese context. China has set an example of what needs to be taken in the fight against such a terrible pandemic. China should go forward and show the world that socialism with Chinese characteristics is really a modern model. It is aimed at caring for people and at development. Frederick Worsemao Armah Blay National Chairman of Ghana’s ruling New Patriotic Party China shares what it has achieved. China knows how to share, how to help each other, how to develop together, and we need that kind of cooperation. It is an accepted reality that many African countries are still…

One of China’s two major power grid operators, China Southern Power Grid (CSG) has predicted that by 2025, the annual power consumption of the Guangdong-Hong Kong-Macao Greater Bay Area will reach 700 billion kWh, with a maximum power load that will reach 120 million kw. The prediction was made in a report released last November. Responsible for supplying power to the Greater Bay Area, the CSG is tasked with the goal of meeting the region’s increasing power demands as China increases its commitment to achieving carbon neutrality before 2060. How to balance the two has become a challenge. Winds of change Zhang Qiying, Executive President and Chief Technology Officer of Mingyang Smart Energy Group Co. Ltd., believes clean energy from wind farms will contribute to achieving both goals. “If we…

Farm Insurance A State Council executive meeting on June 18 decided to provide wider farm insurance to help farmers better withstand risks and stabilize their income from grain production. According to the meeting, 500 counties across 13 major grain production provinces would have insurance for the planting of rice and wheat. It will cover the costs for seeds, fertilizers and pesticides. It will also cover land and labor costs and losses from natural disasters, plant diseases, and insect pests. The insurance for those planting corn will cover any losses due to price and output fluctuations. The meeting decided to provide a one-time subsidy to farmers growing major grains to cushion them from the sharp increases in farming supply prices and stabilize their income. The total subsidy amount will be around…

In 1936, U.S. journalist Edgar Snow made his first visit to Yan’an, Shaanxi Province, home to the headquarters of the Central Committee of the Communist Party of China (CPC) during the late 1930s and early 1940s. At that time, China faced a severe crisis from Japanese aggression while the corrupt Kuomintang regime refused to form a united front of resistance with the CPC. The CPC-led Red Army had just settled down in north Shaanxi after an epic military trek called the Long March to break the siege of the Kuomintang forces and fight the Japanese aggressors. However, when Snow arrived in Yan’an, he was amazed to find that local residents were leading a peaceful and vibrant life. During his fourmonth stay, he interviewed dozens of CPC leaders. Some interviews were…

At a meeting in London on June 5, finance ministers of the Group of Seven (G7) nations agreed to establish a global minimum tax rate of 15 percent for large multinational companies. The historic agreement demonstrates the growing willingness of the United States and European countries to cooperate in the context of rising populism, protectionism and deglobalization in the Western world. It is expected to bring profound changes to global tax governance, as well as to the global trade and economic landscape. Contributing factors International tax has long been a complicated issue. As early as the beginning of the 20th century, the double taxation of enterprises by multiple tax jurisdictions hindered the global free flow of goods and capital. Therefore, in order to address the multiple taxation issues and the…

After a decade of preparation, Tang Hongbo’s space dream finally came true. On June 17, the 45-year-old astronaut was sent into space aboard the Shenzhou-12 spacecraft. Unlike his two fellow travelers, veteran astronauts Nie Haisheng and Liu Boming, this was Tang’s maiden space journey. Now, about a week after the launch, the crewmembers have established their daily routine inside China’s space station. They will stay in orbit for three months. “I am very proud to be selected for the Shenzhou-12 mission,” Tang said at a press conference before the mission. “I believe we will work together to turn the space station into a home in space.” New tasks The space flight is China’s seventh manned mission to space and the first during the construction of China’s space station. China’s manned…