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GREASING THE WHEELS

FEATURES: A GIANT LEAP FOR CHINA'S SPACE STATION | CULTURE: ORACLE BONE EMOJIS? APRIL 28, 2022 GREASING . THE WHEELS . China's quest for a coordinated and streamlined market JPY188 2-922 CN11-1576/G2. CONTENTS. EDITOR'S DESK OPINION 34 Graduate Grind 02 Stability Despite 22 Dark Lord' Set on As university ends, the long search for Pressure Destroying International Order employment begins How the flouts rules to 36 International and Immersive THIS WEEK. coerce others An inside look at China's political COVER STORY decision-making process 24 Call of Duty: Misfire? 12 Impetus for Circulation Gun violence, the American 38 Easy Rider Creation of a unified market stain that won't come out An international student's motorcycle journey fast-tracked to tackle 25 To Cut or Not to Cut? through northwest China pandemic disruptions Optimizing funding structures 16 Private Yet Pivotal CULTURE. Little giant innovations for financial institutions 42 A Modern Memo energize the Chinese Oracle bone scripts receive a 21st-century makeover economy FEATURES.

Apr 25, 2022 · Reporters: Ji Jing, Li Qing, Li Xiaoyang, Liang Xiao, Lu Yan, Ma Miaomiao, Pan Xiaoqiao, Tang Yuankai, Tao Xing, Tao Zihui, Wang Jun, Wen Qing, Yuan Yuan, Zhang Shasha Visual Director: Pamela Tobey Photo Editor: Wang Xiang Photographer: Wei Yao Art: Li Shigong Design Director: Wang Yajuan Chief Designer: Cui Xiaodong Designer: Zhao Boyu

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Transcription of GREASING THE WHEELS

1 FEATURES: A GIANT LEAP FOR CHINA'S SPACE STATION | CULTURE: ORACLE BONE EMOJIS? APRIL 28, 2022 GREASING . THE WHEELS . China's quest for a coordinated and streamlined market JPY188 2-922 CN11-1576/G2. CONTENTS. EDITOR'S DESK OPINION 34 Graduate Grind 02 Stability Despite 22 Dark Lord' Set on As university ends, the long search for Pressure Destroying International Order employment begins How the flouts rules to 36 International and Immersive THIS WEEK. coerce others An inside look at China's political COVER STORY decision-making process 24 Call of Duty: Misfire? 12 Impetus for Circulation Gun violence, the American 38 Easy Rider Creation of a unified market stain that won't come out An international student's motorcycle journey fast-tracked to tackle 25 To Cut or Not to Cut? through northwest China pandemic disruptions Optimizing funding structures 16 Private Yet Pivotal CULTURE. Little giant innovations for financial institutions 42 A Modern Memo energize the Chinese Oracle bone scripts receive a 21st-century makeover economy FEATURES.

2 44 A Capital Gem 28 The Space Span 18 Toward Wider Openness Beijing's jade oeuvre, from solemn to artistically China's space station set Foreign businesses enter complex to enter new phase of a new chapter in their 46 Botanic Brilliance application China stories New fragrant plant haven blossoms in bustling fashion 32 The World in COVID and Beyond EXPAT'S EYE. Cover Design: Cui Xiaodong Boao 2022 seeks to cool 48 In Love With Lush Hainan the flames of international An American resident describes his life under 2022 Beijing Review, all rights reserved. discord the island sun Follow us on MEDIA PARTNER BREAKING NEWS SCAN ME Using a QR code reader Please recycle EDITOR'S DESK. Stability Despite Pressure A News Weekly Magazine China's GDP grew percent year vehicles soaring percent in Q1. Published Since 1958 on year in the first quarter (Q1), or Despite a steady start, China's President: Li Yafang percent on a trimestral basis. These economy still faces considerable down- Editor in Chief: Li Jianguo Associate President: Yan Ying numbers give a strong indication the ward pressures, as demonstrated by the Associate Editor in Chief: Liu Yunyun economy has been generally stable slowdown in several leading economic Executive Editor: Yan Wei Associate Executive Editor: Ding Ying in its upward trend, said the National indicators.

3 For instance, in March, total Production Director: Yao Bin Bureau of Statistics on April 18. retail sales of consumer goods fell by Executive Assistant: Li Fangfang Editors: Wang Hairong, Li Nan A steady job market indicates a percent year on year and by Researcher: Lan Xinzhen Editorial Consultant: Elsbeth van Paridon, Wilson sound economy. Despite the pandemic percent on a monthly basis; imports Reporters: Ji Jing, Li Qing, Li xiaoyang , Liang Xiao, Lu Yan, Ma Miaomiao, Pan Xiaoqiao, Tang Yuankai, Tao Xing, Tao Zihui, impact, the surveyed urban unemploy- fell by percent. Wang Jun, Wen Qing, Yuan Yuan, Zhang Shasha ment rate averaged percent in Q1, According to the government work Visual Director: Pamela Tobey Photo Editor: Wang Xiang almost unchanged from the same pe- report, China's GDP is expected to grow Photographer: Wei Yao Art: Li Shigong riod last year. by percent this year; the Q1 Design Director: Wang Yajuan Growing resident income guaran- cent growth was not up to expectations.

4 Chief Designer: Cui Xiaodong Designer: Zhao Boyu tees consumption capacity growth. In Affected by trends of unilateralism and Proofreader: Ma Xin Q1, nationwide per-capita disposable trade protectionism and with the ongo- Editorial Administrator: Zeng Wenhui Planning Director: Xu Bei income of residents grew by per- ing Russia-Ukraine conflict, the global Director of Digital Media: Yu Shujun Director of Strategic Research: Zan Jifang cent year on year after adjusting for economic environment bears an increas- Administration: Lu Ling inflation. With regard to permanent ingly bleak outlook. Impacts of domestic International Cooperation: Sun Xuan residence, per-capita disposable in- COVID-19 resurgences, especially the Legal Counsel: Yue Cheng come of rural households registered a sudden spread of new cases in Shanghai, North America Bureau (New York City). Chief: Yu Shujun real growth of percent; that for ur- may appear in Q2, putting pressure on Executive Assistant: Zhao Wei Tel/Fax: 1-201-792-0334 ban households came in at percent.

5 And posing challenges to China's future E-mail: Latin America Bureau (Mexico City). Innovation-driven development economic growth. Chief: Lin Yeqing continues to be a powerhouse of eco- How the Chinese Government will Tel: 52-55-55127271. Fax: 52-55-55332027 nomic growth. In Q1, the added value take more powerful measures to con- E-mail: Peru Office (Lima). of hi-tech manufacturing increased by tinue economic recovery and achieve Chief: Meng Kexin percent, and that of information real results in balancing epidemic Tel: 0051-1-3022776, 0051-959212702. E-mail: transmission, software and information control with socioeconomic develop- General Editorial Office technology services rose by percent ment and how it will expand domestic Tel: 86-10-68996252. Fax: 86-10-68326628 year on year. Green and low-carbon demand, alleviate business difficulties Editorial Desk Tel: 86-10-68996250. products also maintained rapid growth, and protect the people's livelihood will Partnerships with the production of new-energy be quite the test.

6 BR. Tel: 86-10-68995807. E-mail: Distribution Tel: 86-10-68310644. E-mail: Published every Thursday by CICG Center for Americas, 24 Baiwanzhuang Lu, Beijing 100037, China Overseas Distributor: China International Book Trading Corporation (Guoji Shudian), P. O. BOX 399, Beijing 100044, China Tel: 86-10-68413849, 1-416-497-8096 (Canada). Fax: 86-10-68412166 . E-mail: . Website: 24 100037. General Distributor for Hong Kong, Macao and Taiwan: Peace Book Co. Ltd.. 17/Fl, Paramount Bldg, 12 Ka Yip St, Chai Wan, HK . Tel: 852-28046687 Fax: 852-28046409. (010) 68996252 (010) 68310644. Beijing Review (ISSN 1000-9140 USPS 2812) is distributed weekly WRITE TO US . in the United States for US$ per year by Cypress Books, 360 Swift Avenue, Suite 48, South San Francisco, CA 94080. Send an e-mail: 2022 17 ISSN 1000-9140. News Postage Paid at South San Francisco, CA 94080 CN11-1576/G2 2-922. Please provide your name and address POSTMASTER: Send address changes to Beijing Review, 0171 733.

7 Cypress Books, 360 Swift Avenue, Suite 48, along with your submissions. South San Francisco, CA 94080 Submissions may be edited.. 2 BEIJING REVIEW APRIL 28, 2022 THIS WEEK. XINHUA. DYNAMIC AND. DRIVEN. President Xi Jinping delivers a keynote speech via video link during the opening ceremony of the Boao Forum for Asia Annual Conference 2022 on April 21. The Chinese economy will provide great dynamism for the stability and recovery of the global economy and broader market opportunities for all countries, Xi said. He said no matter how the world will change, China's faith in and commitment to reform and opening up will not waver. APRIL 28, 2022 BEIJING REVIEW 3. THIS WEEK SOCIETY. XINHUA. sidies for the exhibitions industry. A Task for Talent Shenzhen, a technological powerhouse in Guangdong Province, saw 27,000 Chinese students return from overseas to settle down locally last year, an increase of over 30 percent year on year and marking a record high, according to the municipal human resources and social security bureau, Xinhua reported on April 13.

8 The city, home to a bevy of Chinese startups and tech heavyweights including Huawei and Tencent, is an attractive choice for job seekers because of its fast-developing industries such as software and information technology services, finance, education and manufacturing. The returned students who gained residency in Shenzhen in Field to Be Green 2021 had graduated from univer- sities in nearly 60 countries and Workers plant trees at an eco-tourism area in Dalad Banner, Inner Mongolia Autonomous Region, regions around the world. The on April 18. average age of the cohort is approximately 27, with over 95. percent aged under 35 and over 80 percent holding a master's Supportive Policies ments for the convenience of enterprises, said Ding Zuohong, dustry, which has been severely impacted by the pandemic, sec- degree or higher. Major cities in the Yangtze River Delta have rolled out a series Chairman of the board of directors of Yuexing Group in tors such as food and beverage, retail, tourism, transportation and Relics Protection of measures to alleviate the Shanghai.

9 Exhibitions have seen an improv- More than million folios of cash crunch faced by small and Preliminary estimates show ing environment for financing. 3,281 ancient books and docu- micro enterprises caused by the that tax-related measures taken Authorities in Zhejiang ments have been archived at recent COVID-19 resurgence, by Shanghai could reduce the Province will provide free regular the Potala Palace in Tibet Xinhua News Agency reported burden on related industries and nucleic acid testing for em- Autonomous Region over the on April 18. enterprises by approximately 140 ployees of food and beverage past three years, Xinhua reported Fiscal policies such as tax billion yuan ($22 billion) in 2022. business, and accept deferred on April 18. and fee reductions, an extension At least three major cities payments of unemployment The progress was an- of the deadline for filing tax in the Yangtze River Delta insurance premiums for eligible nounced at a relics protection returns, and rent concessions Shanghai, Hangzhou and retail enterprises.

10 Hangzhou, the conference in the region, fol- have been introduced for tens of Suzhou have issued policies to provincial capital, will partially lowing completion of the first thousands of private enterprises facilitate financing guarantees, exempt public transportation phase of a 10-year project that and individual entrepreneurs. provide interest rate subsidies, service providers from value- began in late 2018. The project The policies are clear-cut in and guide financial institutions to added tax. aims to protect ancient texts terms of measures concerning grant more loans for small and Shanghai has encouraged at the palace and has a total finance, logistics and informa- micro enterprises in an effort to government-backed financing investment of 300 million yuan tion to support the recovery of alleviate financial strains. guarantee institutions to provide ($47 million). the retail industry, and involve Benefiting from targeted credit support for travel agencies, The Potala Palace, located in responsible government depart- measures for the services in- and it has been considering sub- the regional capital of Lhasa, was 4 BEIJING REVIEW APRIL 28, 2022 THIS WEEK.


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