WAVE OF THE FUTURE Hainan Free Trade Port opens to the world - Beijing Review
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OPINION: PROSPECTS OF CHINA-U.S. RELATIONS P.20 | FEATURES: TOKYO OLYMPICS P.32
VOL.64 NO.31 AUGUST 5, 2021 WWW.BJREVIEW.COM
WAVE OF THE FUTURE
Hainan Free Trade Port opens
to the world
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JPY188 邮发代号2-922·国内统一刊号：CN11-1576/G2
CONTENTS
EDITOR’S DESK OPINION 32 Motion and Emotion
20 A Matter of Continued Chinese Olympians make a splash in Tokyo
02 Steady Progress of Free
Trade Port Consent 36 Out of the Flood
China outlines bottom lines for Coordinated actions avoid the worst
the U.S. 38 Four Days and Three Nights
THIS WEEK
22 Containment Through a A chronicle of life in a flooded city
COVER STORY Cultural Lens 40 The Doctor on Horseback
12 Set Sail Hainan! Lessons from history lead to 86 years of dedication and devotion
Hainan Free Trade Port attracts COVID-19 success 42 On the Bund and on the Mend
investors 24 Confronting a Dark Internationalizing TCM
16 Vivas Las Villages History 44 The Market of Meals
Hainan makes the most of its Indigenous residential schools Domestic culinary brands become magnet for investors
village charm in Canada ruin multiculturalism
18 Getting the Word Out 26 China’s Emission
Telling Hainan’s story Statement
CULTURE
The carbon credit market 46 Chinese and U.S. Schools: In Comparison
outlook Both have much to teach each other
FEATURES FORUM
Cover Photo: Tourists go surfing in Wanning,
Hainan Province, in February (VCG) 30 President Xi Visits Tibet 48 How to Regulate Tutoring Companies
Congratulations on 70th
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EDITOR’S DESK
A News Weekly Magazine
Steady Progress of Free Trade Port
Published Since 1958
The first negative list for cross-border for foreign investment access in the
President: Li Yafang trade in services for Hainan Free FTP includes only 27 items, the short-
Editor in Chief: Li Jianguo
Associate President: Yan Ying
Trade Port (FTP) was issued on July est of its kind in China.
26. An important step since the es- A pilot program for the facilitation
Content Director: Liu Yunyun
tablishment of the FTP, it is also the of cross-border payments of foreign
Executive Editor: Yan Wei
Associate Executive Editors: Zan Jifang, Ding Ying
country’s first negative list in the field trade and policies concerning foreign
Production Director: Yao Bin of trade in services. exchange administration for new-type
Editorial Administrators: Zeng Wenhui, Hou Beibei
Assistant Executive Editor: Li Fangfang
A pillar industry in Hainan offshore trade have made cross-border
Commentator: Lan Xinzhen Province, the service sector, con- capital flows easier.
Editors: Wang Hairong, Li Nan
Editorial Consultants: Elsbeth van Paridon, Ryan Perkins
tributes more than 60 percent to the Hainan has also launched pilot
Reporters: Tang Yuankai, Wang Jun, Pan Xiaoqiao, Yuan Yuan, province’s GDP. The latest negative reform on the service and manage-
list will facilitate the introduction ment of international professionals,
Ji Jing, Lu Yan, Wen Qing, Li Qing, Li Xiaoyang, Ma Miaomiao,
Zhang Shasha, Tao Xing, Tao Zihui
Visual Director: Pamela Tobey of new service models and diversify including trial rules for appointing
supplies of services. foreigners as leaders of public insti-
Photo Editor: Wang Xiang
Photographer: Wei Yao
Art: Li Shigong Since the overall plan for the tutions and state-owned enterprises.
Hainan FTP was released in June last The province has also recruited
Design Director: Wang Yajuan
Chief Designer: Cui Xiaodong
Designer: Zhao Boyu
year, the province has formulated over global candidates as heads of the
Proofreading: Ma Xin
140 policies designed to promote de- Sanya municipal bureau of tourism
Human Resources: Zhang Yajie
Legal Counsel: Yue Cheng velopment of the FTP. promotion and the bonded port devel-
North America Bureau In free trade facilitation, except opment bureau of Yangpu Economic
Chief: Yu Shujun
Tel/Fax: 1-201-792-0334
for the goods subject to export restric- Development Zone.
E-mail: yushujun@bjreview.com tions and compulsory inspection and The whole system is scheduled to
Africa Bureau
Chief Correspondent: Ni Yanshuo
quarantine, all goods from abroad and be primarily completed by 2025, and
Tel: 27-71-6132053 inside the free trade zone are free from the next two or three years will be time
customs supervision to enter and exit for Hainan to make breakthroughs in
E-mail: casa201208@hotmail.com
the border, and tariffs will be collected turning the pilot program into a real
General Editorial Office
Tel: 86-10-68996252
Fax: 86-10-68326628 only when the goods enter or exit non- FTP by pooling quality resources and
free trade zones from the free trade building an open and law-based gov-
English Edition
Tel: 86-10-68996250
Advertising Department zone, said a trial policy. ernance environment with a global
The 2020 version of negative list perspective. BR
Tel: 86-10-68995807
E-mail: ad@bjreview.com
Distribution Department
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E-mail: circulation@bjreview.com
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2 BEIJING REVIEW AUGUST 5, 2021 http://www.bjreview.com
THIS WEEK
WEI YAO
THE FINAL STRETCH
The National Ski Jumping Center for the Beijing 2022 Winter Olympics in Zhangjiakou, Hebei Province, on July 29. The main
structure was completed last December. Its nickname Snow Ruyi stems from its curves similar to a traditional Chinese jade
ornament for good luck.
Including the Snow Ruyi, all 12 competition venues have been completed and passed on-site tests conducted by international
sports federations. Test activities were staged during the most recent snow season to examine venues and facilities,
operation and emergency response.
http://www.bjreview.com AUGUST 5, 2021 BEIJING REVIEW 3
THIS WEEK ECONOMY
Pudong Cluster cluding the State Administration
for Market Regulation, the
Huizhou should enhance property
market regulation and keep its
research has reached 6 percent
of its research and development
The New Bund Global Economic Cyberspace Administration development stable and sound. (R&D) expenditure, he added.
Organization Cluster was un- of China and the National The prices of residential The country has become the
veiled in Shanghai’s Pudong New Development and Reform housing and land increase too second largest contributor of
Area on July 28, as part of its ef- Commission on July 26. fast in these cities in the first half high-quality scientific and tech-
forts to attract more international The “strictest algorithm” of this year, and market expecta- nological papers in the world,
economic entities to drive high- should not be used as an as- tions have become unstable. according to Xu Jing, an official
quality growth. sessment requirement and the Ni asked the local govern- with the Ministry of Science and
A total of 10 international delivery time requirements ments to uphold the principle that Technology.
economic organizations have should be appropriately relaxed, “houses are for living in, not for The number of citations of
set up offices in the New Bund of according to the document. speculation” and refrain from us- Chinese academic papers in 12
Pudong (Qiantan Area). Platforms should participate ing the property sector as a means fields including material science,
Yang Chao, deputy head in social insurance programs for of short-term economic stimulus. chemistry, engineering technol-
of Pudong, said the cluster the food delivery personnel they Ni also urged them to speed ogy, mathematics and physics
will gather more corporate employ, and people working for up efforts in establishing a link ranked among the top two in the
headquarters, international other types of employers are mechanism between housing world, Xu said.
organizations and institutions with encouraged to join also, it said. and land prices, developing According to Wang, China is
global influence, helping Pudong affordable rental housing, and promoting building regional in-
become the prime option for Housing Prices making two-way adjustments in novation hubs and encouraging
many international organizations supply and demand. regions with proper conditions
Housing authorities held a regu-
and improving Shanghai’s global to take the lead in innovation-
latory talk with officials in five
competitiveness.
cities on July 29 and urged them Original Innovation driven development.
to stabilize the property markets China has substantially increased He said the total economic
Worker Protection in the wake of rapid increases in funding for basic research, with an output created by hi-tech zones
Employers should ensure that local home prices. average annual growth rate of 16.9 accounts for more than 12 per-
food delivery workers earn no Ni Hong, Vice Minister of percent, Minister of Science and cent of that of the national total.
less than the local minimum Housing and Urban-Rural Technology Wang Zhigang said at
wage, according to a guideline Development, said Yinchuan, a press conference on July 27. Digital Cooperation
issued by seven departments in- Xuzhou, Jinhua, Quanzhou and The spending on basic A directive on overseas
NUMBERS
($1=6.5 yuan)
Industrial Enterprises’ Profit by Business Type Industrial Enterprises’ Growth by Business Type
January-June (bln yuan) January-June (% y.o.y.)
120 112
100
1,216.40 1,377.42
Privately State-holding
owned 80
70.4
60.7
1,143.36 60
Foreign-, Hong 47.1
Kong-, Macao- and
Taiwan-funded 40
2,985.85
Shareholding
20
0
State-holding Shareholding Foreign-, Hong Kong-, Privately
Macao- and Taiwan-funded owned
6 BEIJING REVIEW AUGUST 5, 2021 http://www.bjreview.com
THIS WEEK
investment and cooperation Technology in April, China’s companies listed on the STAR (NBS) showed.
in the digital economy was re- digital economy grew 9.7 percent market to increase spending on In the second quarter, indus-
leased by departments including to 39.2 trillion yuan ($ 6.1 trillion) research and development, and trial profits rose 36 percent year
the Ministry of the Commerce on in 2020 amid the COVID-19 strive for more technological on year, up 42.5 percent from
July 23, detailing major tasks to pandemic and global economic breakthroughs. the 2019 level.
engage the global development downturn. It accounted for 38.6 The board started trading In June alone, major indus-
of the digital technology. percent of the GDP. on July 22, 2019. Over 310 firms trial firms made 791.8 billion
It also pledged active efforts have been listed on the STAR yuan ($121.7 billion) in profits, up
to promote China’s integration Capital Market Market, raising over 380 billion 20 percent from last June.
with the global industrial chain. High-quality development of the yuan ($58.8 billion) via initial
More measures will be rolled Nasdaq-style sci-tech innova- public offerings. The market’s PV Production
out to enable digital economy tion board, known as the STAR total value is estimated at over The photovoltaic (PV) industry
enterprises to accelerate the Market, will be advanced with 4.9 trillion yuan ($753 billion). posted fast expansion in the first
deployment of overseas research fresh measures, the Shanghai half of this year as China strives
and development and product Stock Exchange (SSE) said Industrial Growth to peak carbon dioxide emissions
design centers, and strengthen on July 22. Major industrial companies saw and achieve carbon neutral-
cooperation with overseas The SSE, which operates a steady increase in profits in ity, according to the Ministry
technology companies in fields the board, said it will increase the first half of this year amid of Industry and Information
such as big data, 5G, artificial intel- support for enterprises with a stable recovery in market Technology.
ligence, and block chain for the vital technologies, and urge the demand and improving busi- The country produced
joint development of cutting-edge board to ramp up information ness performance, official data 238,000 tons of polysilicon in
technologies, the document said. disclosure and tighten require- showed on July 27. the January-June period, up
Domestic companies will ments for market entry. Industrial firms with an 16.1 percent year on year, data
also be encouraged to tap This will ensure that intermedi- annual business turnover of at from the ministry showed. In
opportunities in the overseas ary agencies and market entities least 20 million yuan ($ 3.1 mil- June alone, the output reached
digital market and invest in smart perform their duties, the company lion) raked in combined profits 42,000 tons.
infrastructure. said, calling for efforts to improve of 4.22 trillion yuan ($648.6 bil- In the first six months, total
According to a white paper the pricing of new stocks on the lion) during the period, up 66.9 silicon wafer production in the
issued by the China Academy of board and toughen regulation. percent year on year, data from country reached 105 GW, up 40
Information and Communication The SSE envisioned the National Bureau of Statistics percent year on year.
Industrial Enterprises’ Profit Profit Changes for Major Sectors
By Sector January-June (% y.o.y.)
January-June (bln yuan) Nonferrous metal smelting and processing 273
Petroleum and natural gas exploration 249
382.11 Ferrous metal smelting and processing 234
Chemical raw material and product manufacturing 177
Mining
Coal mining and washing 114
3,567.73
Automobile 45.2
General equipment manufacturing 34.5
Non-metal mineral product manufacturing 26.7
Manufacturing
Electricity, heat production and supply 9.5
268.48 Agricultural byproducts and byproducts processing 5.4
Electricity, thermal, Textile 2.3
fuel gas and water
production and supply 0 50 100 150 200 250 300
(Source: National Bureau of Statistics)
http://www.bjreview.com AUGUST 5, 2021 BEIJING REVIEW 7
THIS WEEK WORLD
XINHUA
XINHUA
GREECE VIET NAM
Firefighters and a helicopter work Nguyen Xuan Phuc is sworn in after
to put out a wildfire fanned on by being reelected as Vietnamese
strong winds in the eastern Attica president in Hanoi on July 26
region, on July 27
GERMANY
Smoke rises from the explosion site at an
industrial park for chemical companies in the
city of Leverkusen on July 27. At least one
person died and four others remained missing
as of July 28
XINHUA
8 BEIJING REVIEW AUGUST 5, 2021 http://www.bjreview.com
THIS WEEK
IMF
Gita Gopinath, chief economist of the International Monetary
Fund (IMF), speaks during a virtual press briefing in Arlington,
Virginia, U.S., on July 27. The IMF maintained its global
economic growth forecast at 6 percent for 2021
XINHUA
XINHUA
EUROPEAN UNION
European Commission President
Ursula von der Leyen makes
a statement on the EU’s Vaccines
Strategy in Brussels, Belgium,
on July 27. She announced that 70
percent of adults in the EU have
thus far received at least one
vaccine dose against COVID-19
TANZANIA
President Samia Suluhu Hassan
shows her vaccination card after
being inoculated in Dar es Salaam
on July 28. Tanzania started a mass
vaccine campaign that day
XINHUA
http://www.bjreview.com AUGUST 5, 2021 BEIJING REVIEW 9THIS WEEK PEOPLE & POINTS
NEW PINGPONG QUEEN
The world’s No.1 female table tennis player Chen Meng lived up to her reigning
status by claiming the gold medal in the table tennis women’s singles competition
on July 29 at the Olympic Summer Games Tokyo 2020.
Chen, 27, started to play table tennis at the tender age of five and made it onto
China’s national table tennis team six years later.
It’s another major title for top-ranked Chen, following her
success at the Table Tennis World Cup in November last year.
Her teammate Sun Yingsha took home the Olympic silver.
On the same day, Fan Zhendong and Ma Long made up an
all-Chinese men’s singles table tennis final, resulting in China
securing both Olympic table tennis gold medals in the singles
events.
services to improve support of the real
Monetary Policy economy, the central bank said.
Financial institutions could use part
People’s Daily
July 26
of the released funds to repay the ma-
turing medium-term lending facilities.
Relishing Cultural Ties
On July 15, the People’s Bank of China Some funds will also fill the liquidity China Newsweek
(PBC), the country’s central bank, low- gap in the tax payment season com- July 19
ered the reserve requirement ratio (RRR), ing up in late July. The reduction has This year marks the 50th anniversary of
the amount of cash that banks need to lowered the fund costs for financial in- the establishment of the China Cultural
hold as reserves, by 50 basis points, stitutions by some 13 billion yuan ($2.03 Relics Exchange Center in 1971, raising
releasing about 1 trillion yuan ($154.3 billion) each year, according to the PBC the international curtains on overseas un-
billion) worth of long-term funds. The ac- calculation. earthed historical relic exhibitions. From that
tion reduced the weighted average RRR Rather than resorting to a “flood-like” moment onward, cultural ties have been pro-
for financial institutions to 8.9 percent. stimulus, the PBC pledged to uphold a moted as a way to enhance people-to-people
The RRR cut aims to improve the fund normal monetary policy while keeping exchanges between China and the rest of the
structure of financial institutions and boost it stable and effective to create a suitable world.
their capabilities in terms of financial monetary and financial environment. On May 8, 1973, a first event, the
“Ironically, the solution to the real “More than 50 percent of U.S. citizens
problems facing the U.S., and the have been fully vaccinated, but only 1
only way for it to quickly Build Back to 2 percent of people in lower-income
Better is to cooperate with, rather countries have received their first dose.
than sabotage, the Belt and Road To stop the virus from circulating and
Initiative.” continuing to mutate, we urgently need
William Jones, a Washington-based policy analyst, in to address this vaccine divide.”
an article on China Daily on July 28 Seth Berkley, Chief Executive of Gavi Alliance, in an article
published by The Washington Post on July 26
10 BEIJING REVIEW AUGUST 5, 2021 http://www.bjreview.comTHIS WEEK
on patients to advance funds and reduce
Exhibition of Unearthed Chinese Cultural Medical Insurance Payment the stress of traveling back and forth.
Relics, opened its doors to the public in Paris, However, due to the different degrees
Economic Daily
France. The exhibition ran for four months of economic development, there have
and visitor numbers went up to 365,000. July 22 always been differences in the level of
The Chinese culture has been produc- More efforts will push hospitals to share medical services and medical insurance
ing great art for more than 5,000 years at this information on medical examinations and premiums in various regions.
point, yet the world knew so little about the facilitate the reimbursement of medical Therefore, to solve the problem of
continuum of Chinese history, how unbroken costs across provinces, according to a re- medical treatment in different places,
it remains; how magnificent it is. “Holding cent State Council executive meeting. it is not only necessary to open up the
an exhibition is a way to show the world how As for inter-provincial network insti- settlement platform, strengthen network
wonderful Chinese cultural relics have been tutions, it should be ensured that at least connections, but also to realize the sharing
for millennia on end,” said Zhao Gushan, one designated medical institution can of medical insurance information and data.
Deputy Director of the China Cultural Relics provide direct cross-province payment Further efforts must reinforce the cul-
Exchange Center. for medical expenses in each county by tivation of medical personnel and the use
Overall, the Sanxingdui Museum in the end of next year. of digital technology in healthcare, call-
Sichuan Province has proven a big winner Medical insurance payments across ing for enhanced medical services at the
in the development of cultural relic exhibi- provincial borders can reduce the pressure county level.
tions overseas. In 1998, the exhibition entitled
The Mystery of China’s 5,000 Years—The
Magical Mask Kingdom took place in Tokyo, CHINA’S NEW U.S. AMBASSADOR
Japan. It was the largest Sanxingdui Museum
overseas exhibition ever, with more than 200 China’s new ambassador to the United States Qin Gang arrived in the country on
cultural relics on display. July 28. He pledged to work to get bilateral relations back on track.
This year, as more than 1,000 significant “Looking forward to the coming time in the country,” the 55-year-old former vice for-
relics have been unearthed from new sacri- eign minister said in his first Twitter post after landing in New York on the same day.
ficial pits at the legendary Sanxingdui Ruins Qin will assume office as China’s 11th ambassador to the
site, the uncovered cultural relics are just as U.S., following the departure of his predecessor, Cui Tiankai,
large in scale as they are splendid in nature, a who completed his tenure of eight years and returned to China
true testament to the diversity and similarity of on June 23.
ancient global civilizations. Their discoveries Qin’s service at the Chinese Embassy in Washington D.C.
will also help promote the cultural exchanges comes at a time when the bilateral relationship is viewed by many
and cooperation between China and the four experts as being in a downward spiral, as the two countries have
corners of the globe. clashed on a number of issues.
“China is more than 17,300 km away “China’s recent rise in vaccine
from Bolivia, but that distance has never development capability can be
been, and will not be, an obstacle to attributed to sustained support
strengthening our ties of brotherhood in basic sciences, including
and cooperation.” pathogenic biology
Evo Morales, former Bolivian President, in an interview with and immunology.”
Xinhua News Agency on July 26
Gao Fu, head of the Chinese Center for Disease Control
and Prevention, said at the 23rd Annual Meeting of the
China Association for Science and Technology on July 27
http://www.bjreview.com AUGUST 5, 2021 BEIJING REVIEW 11COVER STORY
SET SAIL HAINAN!
Hainan Free Trade Port on fast track of development By Tao Xing
12 BEIJING REVIEW AUGUST 5, 2021 http://www.bjreview.comYou can also read
