BLOCK OR BUILD?
Transcript of BLOCK OR BUILD?
WWW.BJREVIEW.COMVOL.64 NO.4 JANUARY 28, 2021
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FEATURES: CHINESE ECONOMY’S RESILIENT RISE P.30 | CULTURE: A DIFFERENT BALLGAME P.46
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BLOCK OR BUILD?Hopes arise for a recalibration of
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OPINION26 Trade and Opportunities What the new African free trade area means for women and youth
CONTENTSFEATURES30 Back to Expansion Chinese economy crosses 100-trillion-yuan mark 34 Tussle for China’s E-Wallet PayPal enters China’s third-party payment market36 Picking Up Speed More power to new-energy vehicle market38 A Bite of New Meat $UWLÀFLDO�PHDW�ÀQGV�PRUH�WDNHUV40 No Child’s Play Internet addiction rises among youngsters42 Ocean Guardian Scientist wins kudos for work in marine ranching ��CULTURE46 Pitching for a Home Run Documentary shines a light on an unusual baseball team
FORUM 48 Will Compulsory Paternity Leave Encourage More Childbirths?
EDITOR’S DESK02 No Time for Resting On Laurels �THIS WEEKCOVER STORY 12 Heads or Tails? The best and worst scenarios under a new U.S. president �16 &RQÁLFW�5HVROXWLRQ How to move the bilateral relationship forward
http://www.bjreview.com2 BEIJING REVIEW JANUARY 28, 2021
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No Time for Resting On Laurels
It is an indisputable fact that the Chinese economy has made extraor-dinary achievements in an extremely extraordinary year.
According to the official data on the economic performance in 2020 released by the National Bureau of Statistics on January 18, the overall growth for the year was 2.3 percent, making China the only major economy to notch up growth in a year of global pandemic, while the GDP crossed 100 trillion yuan ($15.41 trillion) for the ÀUVW�WLPH��
The economy grew 3.2 percent year on year in the second quarter, an unimaginable leap from the 6.8-per-cent contraction in the first quarter due to the novel coronavirus disease (COVID-19).
These achievements come against a backdrop of global recession and a turbulent external environment. The global economy was hit by uni-lateralism, trade protectionism and a pandemic as well as the trade war started by the United States. Despite the complex situation, the Chinese economy’s fast recovery and better-
than-expected growth demonstrate the institutional strength of socialism with Chinese characteristics.
The Chinese economy now ac-counts for a larger share of the global economy, and will help boost the re-covery of others.
However, now is not the time for complacency. Though the larg-est developing country in the world, China is still below the world average in terms of per-capita GDP and its economic development still remains unbalanced and inadequate, with the gap in development between urban and rural areas still large, and the do-mestic innovation capacity still unable to meet the demand of high-quality development.
In addition, despite a vaccination drive, COVID-19 has still not been eradicated. Geopolitical tensions re-main and there are still uncertainties about future foreign relationships.
To achieve the long-term goal of economic and social development at home and lend a hand to the partners struggling abroad, the hard work has to continue—for a long time to come. BR
President: Li YafangAssociate Editor in Chief: Li JianguoAssociate President: Yan Ying
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http://www.bjreview.com JANUARY 28, 2021 BEIJING REVIEW 3
THIS WEEK
ON TRACK FOR BEIJING 2022
President Xi Jinping visited the Taizicheng Station on the Beijing-Zhangjiakou High-Speed Railway in Zhangjiakou, Hebei Province in north China, on January 19.
The line, connecting Beijing and Olympic and Paralympic Winter Games Beijing 2022 co-host Zhangjiakou, began operation on December 30, 2019.
Xi also inspected the Zhangjiakou competition zone of Beijing 2022.
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4
3
2
1
0
-1
-2
Growth Rate of Crude Oil Production(% y.o.y.)
550
540
530
520
510
500
490
480
470
0
Crude Oil Production Daily Output (1,000 tons)
518
533 534529 531
541
531537 537
529532
525
-1.9
3.7
-0.1
0.91.3
0.90.7
0.6
2.3 2.4
1.41.2
DEC JAN-FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 2019 2020
DEC JAN-FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 2019 2020
http://www.bjreview.com JANUARY 28, 2021 BEIJING REVIEW 7JANUARY 28, 2021 BEIJING REVIEW 7
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700
600
500
400
300
200
100
0
18
16
14
12
10
8
6
4
2
0
Growth Rate of Industrial Natural Gas Production(% y.o.y.)
Industrial Natural Gas ProductionAverage Daily Output (mln cubic meters)
520 520 540 540510 510
460 460490
530
600560
7.6
3.7
11.9
11.8
13.7
11.3
4.8
12.7
14.3
11.2
8.07.5
DEC JAN-FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 2019 2020
DEC JAN-FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 2019 2020
http://www.bjreview.com8 BEIJING REVIEW JANUARY 28, 2021
FIJI Schoolboys pose for a photo at a primary school in Suva
on January 19. The new academic year kicked off on that day with nearly 200,000 students returning
to their school desks
INDONESIA Rescuers and a sniffer dog search for survivors in collapsed buildings after
a 6.2-magnitude earthquake hit Mamuju, West Sulawesi, on January 18. The death toll
exceeded 81
UGANDA Supporters celebrate in capital city
Kampala on January 16 after the Electoral Commission
announced incumbent President Yoweri Museveni’s victory in the
presidential election
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http://www.bjreview.com JANUARY 28, 2021 BEIJING REVIEW 9
SPAIN People gather near the site of a large explosion in the center of Madrid on January 20. Three people were killed and several others injured in the incident possibly caused by a gas leak
RWANDA $�SROLFH�RIĶFHU�XUJHV�SDVVHQJHUV�WR�NHHS�SK\VLFDO� distancing at a bus station in Kigali on January 19.
The government brought the capital city back into lockdown after a surge in novel coronavirus cases
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BRAZIL Monica Calazans, a nurse, receives
a novel coronavirus vaccine in São Paulo on January 17. She ZDV�WKH�ĶUVW�%UD]LOLDQ�WR�JHW�WKH� inoculation after the emergency
use of CoronaVac, a vaccine developed by Chinese
ELRSKDUPDFHXWLFDO�ĶUP�6LQRYDF��received approval
THIS WEEK
http://www.bjreview.com10 BEIJING REVIEW JANUARY 28, 2021
¾ NEW PRESIDENT OF CHINA UNICOM
Marine MicroplasticsPeople’s DailyJanuary 18China’s 37th Antarctic expedition has been underway for over two months. Monitoring new pollutants such as micro-plastics is part of its mission.
Microplastics have been detected during many scientific expeditions in recent years. Compared with regular plastics, the pollutant with a diameter of OHVV�WKDQ���PP�LV�GLIÀFXOW�WR�GHWHFW�DQG�has potential hazards. It can come from the packaging of personal care products, FOHDQLQJ�DJHQWV�DQG�RWKHU�WKLQJV��ÁRZLQJ�
into the sea.In 2015, the Joint Group of Experts
on the Scientific Aspects of Marine Environment Protection, a UN advisory body, evaluated microplastics’ impact. Due to its small size, it can be ingested by marine animals and the toxic ingredients can be fatal.
China, a major manufacturer of plastic products, is trying to reduce marine waste at its source. Public awareness of the harmful impact of plastics has increased and today, in the coastal areas, more and more volunteers are participating in cleaning-up activities under the local au-thorities’ guidance.
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“More than 39 million doses of vaccine have now been administered in at least ��óKLJKHU�LQFRPHóFRXQWULHV�ó-XVWó��ó
doses have been given in one ORZHVW�LQFRPHóFRXQWU\�ó7KHóZRUOGóLVóRQóWKHóEULQNóRIóDóFDWDVWURSKLFóPRUDOóIDLOXUH�µ7HGURV�$GKDQRP�*KHEUH\HVXV, Director General of the
World Health Organization (WHO), reproving the lack of vaccines for poor countries at the 148th Session of the WHO executive
board on January 18
“Biden might continue to pile pressure to make China give way and FKDQJHóLWVHOI�ó%XWóVXFKóDQóDSSURDFKóZLOOóOHDGóWKHó8�6�óRQWRóWKHóROGóSDWKóRIócompetition, which will not redress
WKHóFRQWLQXHGóGHFOLQH�µSun Chenghao, an assistant research fellow with the
Institute of American Studies at China Institutes of Contemporary International Relations, in Global Times
on January 17
PEOPLE & POINTS
Chen Zhongyue, former Deputy General Manager of China Telecom, has been was appointed the new president of China United Network Communications Group (China Unicom) after the post remained vacant for 10 months.
Chen, 50, started his professional career in 1990 after graduating from Shanghai Posts and Telecommunications College. He got an Executive MBA from Xiamen University in 2011.
Before the transfer, he worked for China Telecom for three decades in different positions. He is also director of China Unicom’s board.
Consumer LoansChina NewsweekJanuary 11A consumption revolution is taking place in China, led by the youth.
Consumption is playing an in-creasingly important role in China’s economic growth, a report released by international market research company Nielsen in 2019 said.
According to the report, people born after 1990 accounted for nearly 24 per-FHQW�RI�&KLQHVH�FRQVXPHUV��,Q�ÀYH�WR����years, they will dominate both China’s and the global consumption pattern.
http://www.bjreview.com JANUARY 28, 2021 BEIJING REVIEW 11
¾ CHINESE DEBUTANT WINS SNOOKER MASTERS
Chinese debutant Yan Bingtao clinched the Snooker Masters title on January 17, becoming the youngest Masters champion since Ronnie O’Sullivan won the event in 1995 at the age of 19.
The 20-year-old became the second Asian winner of the prestigious tourna-ment, showing maturity beyond his years to defeat four-time world champion John +LJJLQV������LQ�DQ�HQWKUDOOLQJ�ÀQDO�LQ�0LOWRQ�.H\QHV��WKH�8QLWHG�.LQJGRP�
“I thought I might win, and I even thought how I would cel-ebrate. But when the victory came, I was calm,” Yan said.
The win earned him 250,000 pounds ($340,000), and in many observers’ estimations, has transformed the Chinese No.2 into a contender for the world championship in April.
Yan joined the pro tour in 2016 and has been steadily im-proving with a championship last season.
“The digitization proposed by the Belt and Road Initiative could have a WUDQVIRUPDWLYHóHIIHFW�ó7KURXJKóWKHódigital economy, Africa will leverage H�FRPPHUFHóWRóHQVXUHóWKDWóJRRGVóFDQó
UHDFKóLQWHUQDWLRQDOóPDUNHWV�µEdward Kusewa�óDQóHFRQRPLFVóOHFWXUHUóDWóWKHó6W�ó3DXOó
University in Nairobi, Kenya, to Xinhua News Agency RQó-DQXDU\ó��
$PLGVWóWKHóRQFH�LQ�D�FHQWXU\ó paradigm shift in global power, Hong .RQJóGRHVóQRWóQHHGóWRóSUHYHQWóWKHó8�6�ó
or any other foreign financial institution from leaving, but should
instead welcome mainland and overseas investors to fill the openings for
ORQJ�WHUPóJURZWK�µZhou Bajun, a senior research fellow at China Everbright
Holdings, in China DailyóRQó-DQXDU\ó��
THIS WEEK
AI EducationChina Education DailyJanuary 18Today, artificial intelligence (AI) is a popular subject among teenagers around the world. AI education focuses on data, algorithms and computing, teaching stu-dents to write programs.
Algorithm and programming are essential parts of AI but are generally taught in universities. Students need to have a good foundation in maths and computer science.
However, AI education for teen-agers should be designed according to the extent of their knowledge and learning capacity rather than the con-tent in university classes.
A scientific understanding of AI should be listed in education and values. Teenagers are in a critical period of life when their worldview takes shape. As AI education is popularized, they need guidance from schools, parents and society so that they have the ethics to apply AI in the future without harming others.
The recent years have seen rapid changes in young people’s lifestyle. Today, various platforms, such as train-ing, e-commerce and medical cosmetic procedures, provide loans targeted at different groups like university stu-dents, people starting their careers, and employees wanting to rent apartments. Almost every scenario has spawned a corresponding pattern for people to bor-row to spend.
“Some consumer credit products are inducing the young generation to bor-row money and spend in advance. This is not only an economic and financial phenomenon but also a cultural and de-mographic one with profound impact,” Zhou Xiaochuan, former Governor of the central bank, said.
Chen Zhiwu, head of the Asia Global Institute at the University of Hong Kong, thinks borrowing to spend FDQ�KHOS�\RXQJ�SHRSOH�GHYHORS�ÀQDQFLDO�planning. “In developed countries such DV�WKH�8�6��D�ÀQDQFLQJ�FXOWXUH�KDV�EHHQ�formed among young people under the pressure of paying mortgages,” he said, adding that borrowing money can force them to work harder to earn a higher salary.