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WWW.BJREVIEW.COM VOL.64 NO.1 JANUARY 7, 2021 ᥪԦՁeڍЮፑʶѮՁὙ$/( OPINION: U.S. PRIORITIES MISPLACED P.28 | FEATURES: CHINA LAUNCHES VACCINATION P.32 RMB6.00 USD1.70 AUD3.00 GBP1.20 CAD2.60 CHF2.60 JPY188 INFINITE POSSIBILITIES China outlines development strategy based on dual circulation

China outlines development strategy based on dual circulation

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WWW.BJREVIEW.COMVOL.64 NO.1 JANUARY 7, 2021

ᥪԦՁ�����eڍЮፑʶѮՁὙ$/��������(�

OPINION: U.S. PRIORITIES MISPLACED P.28 | FEATURES: CHINA LAUNCHES VACCINATION P.32

RMB6.00

USD1.70

AUD3.00

GBP1.20

CAD2.60

CHF2.60

JPY188

INFINITE POSSIBILITIESChina outlines development strategy

based on dual circulation

Please recycle BREAKING NEWS » SCAN ME » Using a QR code reader

Follow us onwww.bjreview.com

Cover Design: Wang Yajuan

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©2021 Beijing Review, all rights reserved.

EDITOR’S DESK02 China’s Development, the World’s Opportunity

THIS WEEK

COVER STORY

12 Growth GoalsKey meeting sets economic agenda for 2021�16 Progress Despite ProblemsFinancial system to better support real economy18 Consumption-Led DevelopmentLaying the foundation for high-quality growth

OPINION22�Nuanced UnderstandingGrasping Chinese reality more urgent than ever24 Greeting a Brand-New YearLessons international community can learn�26 Trojan Horse StrategyU.S. moves on Hong Kong not driven by care for residents�28 Is Keeping China Down More Important Than Lifting Americans Up?29 Foreign Investment Security Review Not Hurdle To Opening Up

FEATURES32 Rays of HopeChina launches coronavirus vaccination program�

CONTENTS34 Time to CareElderly care service featuring mutual assistance gains ground

36 Bulwark Against AbuseExport control law to safeguard national security

38 Express ExpansionCourier sector witnesses growth amid epidemic��CULTURE42 Bridging Cultural GapsLanguage learning helps young people better understand China

44 The Soft StrengthTaijiquan builds both physical and mental strength

46 Connecting Through the LensVideo contest draws Chinese and Africans closer

EXPAT’S EYE 48 An Inspiring TripDiscovering China’s anti-poverty solution

http://www.bjreview.com2 BEIJING REVIEW JANUARY 7, 2021

A News Weekly MagazinePublished Since 1958

EDITOR’S DESK

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CHINA......RMB6.00 U.S.A.......USD1.70 AUSTRALIA......AUD3.00 UK......GBP1.20 CANADA......CAD2.60 SWITZERLAND......CHF2.60 JAPAN......JPY188 EUROPE......EURO1.90 TURKEY......YTL5.00 HK......HKD9.30 NEPAL......RS40

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China’s Development, The World’s Opportunity

China’s Central Economic Work Conference, which took place between December 16 and 18, 2020, is a regular event occurring at the end of every year. Reviewing the economic efforts of the past year, analyzing the current situation and making preparations for the new year’s undertakings, the conference has become a focal point of society.

As the conference revealed, in 2021, China’s overall economic narra-tive will focus on eight areas, such as to strengthen the national strategic science and technology, create more indepen-dent industrial and supply chains, boost domestic consumption, push forward reform, tackle the housing problem in big cities, step up anti-monopoly efforts and prevent the disorderly expansion of capital.

Based on the current economic de-YHORSPHQW�DQG�WKH�VFLHQWLÀ�F�DVVHVVPHQW�of future economic momentum, the eight tasks were identified after careful research and much discussion, which reveal that in 2021 China’s economy is to develop at a pace which is less likely to be disrupted by external factors. Although having taken a hit from the novel coronavirus disease (COVID-19) pandemic, the Chinese economy is emerging stronger from this short-lived shock, managing to keep its upbeat trend of growth.

7KH�\HDU������PDUNV�WKH�À�UVW�\HDU�RI�

the 14th Five-Year Plan (2021-25), the FRPSOHWLRQ�RI�WKH�À�UVW�FHQWHQDU\�JRDO�RI�building a moderately prosperous society in all respects. It is also the starting point of China’s efforts for the realization of the second centenary goal com-memorating the 100th anniversary of the founding of the People’s Republic of China in 1949, which is to build a mod-ern socialist country that is prosperous, strong, democratic, culturally advanced, harmonious and beautiful by the middle of this century.

China has always worked toward opening up to the outside world, pur-suing multilateralism and actively safeguarding economic globalization. Consequently, China’s stable economic growth is a boon to the rest of the world as it provides huge opportunities to many economies ravaged by COVID-19.

China is establishing a dual circula-tion development pattern in which the nation’s domestic economic cycle plays a leading role while the international economic cycle remains its extension and supplement. China’s vast domestic market will help drive the global market on an unprecedented scale.

Seizing the opportunities presented by the Chinese market and dancing with it in this dual circulation pattern will prove fa-vorable for a lot of economies in achieving their own progress in 2021. BR

President: Li YafangAssociate Editor in Chief: Li JianguoAssociate President: Yan Ying

Executive Editor: Yan Wei Associate Executive Editors: Zan Jifang, Liu Yunyun, Ding YingProduction Director: Yao BinEditorial Administrators: Zeng Wenhui, Hou BeibeiAssistant Executive Editor: Li FangfangCommentator: Lan XinzhenEditors: Wang Hairong, Li NanEditorial Consultants: Sudeshna Sarkar, Madhusudan ChaubeyReporters: Tang Yuankai, Wang Jun, Pan Xiaoqiao, Yuan Yuan,Ji Jing, Lu Yan, Wen Qing, Li Qing, Li Xiaoyang, Ma Miaomiao, Zhang Shasha, Tao Xing, Tao ZihuiVisual Director: Pamela TobeyPhoto Editor: Wang XiangPhotographer: Wei YaoArt: Li ShigongDesign Director: Wang YajuanChief Designer: Cui XiaodongDesigner: Zhao Boyu Proofreading: Ma Xin

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Published every Thursday by BEIJING REVIEW, 24 Baiwanzhuang Lu, Beijing 100037, China. Overseas Distributor: China International Book TradingCorporation (Guoji Shudian), P. O. BOX 399, Beijing 100044, ChinaTel: 86-10-68413849, 1-416-497-8096 (Canada)Fax: 86-10-68412166E-mail: [email protected]: http://www.cibtc.comGeneral Distributor for Hong Kong, Macao and Taiwan:Peace Book Co. Ltd.17/Fl, Paramount Bldg, 12 Ka Yip St, Chai Wan, HKTel: 852-28046687 Fax: 852-28046409

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http://www.bjreview.com JANUARY 7, 2021 BEIJING REVIEW 3

Tourists pose for photos at the 33rd Harbin Sun Island International Snow Sculpture Art Exposition in Harbin, Heilongjiang Province in northeast China, on December 25, 2020.

Harbin is home to China’s ice and snow art, and the Sun Island is annually decorated with snow sculptures, making it one of the most popular tourist attractions in winter.

THIS WEEK

ICE, SNOW AND FUN

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http://www.bjreview.com4 BEIJING REVIEW JANUARY 7, 2021

THIS WEEK SOCIETY

,QWHU�&LW\ó5DLOZD\The Beijing-Xiong’an intercity rail-YC[�QRGPGF�VQ�VTCH³E�QP�&GEGODGT�27, 2020, connecting the Chinese capital with the Xiong’an New Area, C�PCVKQPCN�NGXGN�FGXGNQROGPV�\QPG�NQECVGF�CDQWV�����MO�UQWVJYGUV�QH�Beijing.

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'UVCDNKUJGF�KP������KP�*GDGK�Province in north China, the Xiong’an New Area is set to serve as a new GPIKPG�HQT�VJG�OQFGTP�GEQPQOKE�U[UVGO�

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Year and Spring Festival holidays, %JKPC«U�RGCM�EQPUWORVKQP�UGCUQPU��IKXGP�VJG�CFGSWCVG�KPXGPVQTKGU�QH�TKEG�CPF�YJGCV��VJG�UQWPF�TGEQXGT[�QH�VJG�EQWPVT[«U�JQI�RTQFWEVKQP�CPF�VJG�UVCDNG�QWVRWV�QH�HTWKVU�CPF�XGIGVCDNGU�

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RTQFWEVKQP�KU�C�VQR�RQNKE[�RTKQTKV[�for China, Chen said, adding that GHHQTVU�UJQWNF�DG�OCFG�VQ�QRVKOK\G�RNCPVKPI�UVTWEVWTG�CPF�KPETGCUG�VJG�UWRRNKGU�QH�VJQUG�CITKEWNVWTCN�RTQFWEVU�GZRGTKGPEKPI�UJQTVCIGU�VQ�GPUWTG�HQQF�UGEWTKV[�

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http://www.bjreview.com JANUARY 7, 2021 BEIJING REVIEW 5

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6JG�TQWVG�KU�RCTV�QH�VJG�0GY�International Land-Sea Trade Corridor, a trade and logistics pas-UCIG�LQKPVN[�FGXGNQRGF�D[�5KPICRQTG�and provincial-level regions of west %JKPC��%JQPISKPI�KU�C�EGPVGT�QH�operation for the passageway.

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said at a press conference.6JG�EQWPVT[�CEEGNGTCVGF��)�

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THIS WEEK ECONOMY

Industrial Enterprises’ Profit and Growth by Business TypeJanuary-November 2020

3URßW (bln yuan)

A B C D

1,445.69

4,058.01

1,733.221,610.52

5,000

4,000

3,000

2,000

1,000

0

Growth (y.o.y.)

-4.9%

1.8%

4.3%

2.3%

6

4

2

0

-2

-4

-6

A

B C D

State-holding enterprisesShareholding corporationsForeign-, Hong Kong-, Macao- and Taiwan-funded

Privately owned

AB

C

D

180%(56ó($1=6.7 yuan)

http://www.bjreview.com JANUARY 7, 2021 BEIJING REVIEW 7JANUARY 7, 2021 BEIJING REVIEW 7

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In recent years, China’s OCPWHCEVWTKPI�RQYGT�FGXGNQROGPV�KPFGZ�KU�RTQITGUUKPI�CPF�KVU�ICR�YKVJ�FGXGNQRGF�EQWPVTKGU�KU�PCTTQYKPI��CEEQTFKPI�VQ�<JW�)CQHGPI��CP�CEC-FGOKEKCP�QH�VJG�%#'�

Industrial Enterprises’ Profit by SectorJanuary-November 2020 (bln yuan)

Manufacturing

Electricity, thermal, fuel gas and water production and supply

4,899.52

Mining344.05

500.93

Profit Changes for Major Industrial SectorsJanuary-November 2020 (y.o.y.)

(Source: National Bureau of Statistics)

Chemical raw material and product manufacturing

Agricultural byproducts and byproducts processing

Textile

Electricity, heat production and supply

Petroleum and natural gas exploration

7.5%

8.9%

12.5%

10.1%

10.5%

Non-metal mineral product manufacturing

Coal mining and washing

Nonferrous metal smelting and processing

General equipment manufacturing

-9.9%

-24.5%

7.2%

-44.0%

3.8%

1.4%

Ferrous metal smelting and processing

-70.8%

-50-100 25-25 0-75

Automobile

Processing of petroleum, coal and other fossil fuels

http://www.bjreview.com8 BEIJING REVIEW JANUARY 7, 2021

NIGERPresident Mahamadou Issoufou casts his vote

during the general elections in capital city Niamey on December 27, 2020

(8523($1ó81,21European Commission President Ursula von der Leyen speaks at a press conference after

the EU and Britain reached a deal on post-Brexit trade relations, in Brussels,

Belgium, on December 24, 2020

3$.,67$1Rescuers work at an explosion

site in the port city of Karachi on December 22, 2020. Eight people were killed and 15 injured when a boiler of an ice factory exploded

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BRAZILDimas Covas, Director of the

Butantan Institute, announces that the CoronaVac vaccine developed by the Chinese laboratory Sinovac Life

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Organization in trials with 13,000 Brazilian volunteers, in Sao Paulo

on December 23, 2020

%(/$586Participants dance at a New Year event in

a park in Minsk on December 27, 2020

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32/$1'People visit the Royal

Garden of Light exhibition at Wilanow Palace, a Baroque

royal residence, in Warsaw on December 24, 2020

http://www.bjreview.com10 BEIJING REVIEW JANUARY 7, 2021

based on their talent needs for development, but it is irrational when the recruitment exam and future work have no connection.

It also worries people that this can affect graduate employment by creating invisible thresholds and providing an excuse for unrea-sonable recruitment criteria.

The number of college graduates will reach 9.09 million in 2021, exceeding 9 mil-lion for the first time. Moreover, the novel coronavirus disease (COVID-19) epidemic has also made the job scenario more severe.

The authorities and companies should work together to improve employment, creat-ing more channels for job seekers to protect their interests and rights.

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Zhong Shanshan, the founder of Nongfu Spring Co., a bottled water company, is the third richest person with $53.7 billion in China’s 400 Richest 2020 by Forbes China, following Alibaba’s co-founder Jack Ma and Tencent founder Pony Ma.

Zhong, 66, worked as a construction worker, a newspaper reporter and a bever-age sales agent before starting his own business. In 1996 he set up Nongfu Spring in Hangzhou, Zhejiang Province, east China. The company has grown into China’s largest packaged water supplier and one of the top 20 beverage com-panies in China today, holding the No.1 spot in market share. Zhong owns 84.4 percent of Nongfu’s shares. In September 2020, the company started trading on the Stock Exchange of Hong Kong.

NEW FACE AMONG FORBES CHINA’S RICHEST

The Future Industry Outlook Weekly December 21, 2020 Today, a new round of scientific and indus-trial revolution is underway in the world. Technology such as cloud computing, big data DQG�DUWLÀ�FLDO�LQWHOOLJHQFH�LV�EHLQJ�DSSOLHG�LQ�LQ�creasing sectors. Also, quantum science, gene editing, aerospace and new materials are help-ing to make breakthroughs in technology and new businesses and models. This is the future industry.

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Recruitment AnxietyGuancha.gmw.cn December 18, 2020The annual recruitment season for university graduates has seen some written test ques-tions trigger a debate on the Internet. For instance, a bank’s exam included questions on particle physics and astronomy, which have no relevance to the jobs. Also, women were frequently asked about their attitude toward marriage and having children though these are not indicators of their professional compe-tence.

Of course, employers have the right to decide the content and forms of recruitment

http://www.bjreview.com JANUARY 7, 2021 BEIJING REVIEW 11

To cultivate this industry, China should further develop the digital economy. Amid the epidemic control, new forms of business and new technologies have supported the resump-tion of work and production. It indicates that the digital economy has grown into an irresist-ible trend of a country’s progress in the era.

For its development, improvement and in-novation of necessary technology is needed, and giving full play to Internet business models with the advantages of user scale and data resources. A new governance and supervision mechanism is also necessary.

Also, China’s advantage in new scenarios, such as unmanned payment, should be further ex-ploited as key to future achievements. This needs entrepreneurs to explore more possibility to inject impetus into the industry’s development.

Concerning the ongoing revolution in sci-ence, technology and industry, China should take measures to promote the integration of a new generation of information technology and the real economy, with intelligent manufactur-ing as an important carrier.

The global manufacturing industry is fac-ing a bottleneck in its future development, forcing countries to respond proactively. As a leading manufacturer, China needs to develop an advanced manufacturing industry, focusing on transformation and upgrading.

*OREDO�&RQ¼�GHQFHEconomic DailyDecember 20, 2020 Since the outbreak of COVID-19, China has promoted business and civil service exchanges with other countries in line with strict epidemic prevention measures, according to the Department of Consular Affairs of the Ministry of Foreign Affairs. Business and technical personnel from over 60 countries have come to China through a fast-track arrangement for trav-elers on essential and urgent business. That is a vital measure taken to support the resumption of production around the world.

Due to the pandemic, in March 2020 the government suspended issuing visas to foreigners and the residence permits of those who had gone out of China, as a temporary measure to combat the virus. However, at the same time, visa facilitation was provided for those who came to China for essential economic, trade, scientific and technological activities, and foreigners with urgent humani-tarian needs.

In April 2020, a fast track was opened to build a new channel for countries with close economic and trade cooperation with China. The Foreign Ministry and the National Immigration Administration have also an-nounced several measures to make entry and exit convenient for foreigners and support work and production resumption.

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Hopes of Chinese swimmer Sun Yang, a three-time Olympic champion, return-ing to the pool at the delayed Tokyo Olympics have been rekindled after his eight-year ban for a controversial doping violation by the Court of Arbitration for Sport (CAS) was overturned.

The Swiss Federal Tribunal upheld Sun’s appeal against the career-ending ban issued in February 2020 by the Switzerland-based CAS. The World Anti-Doping Agency, the party opposing Sun in the case, confirmed in a statement on December 23 that the tribunal had upheld a revision applica-WLRQ�À�OHG�E\�6XQ·V�OHJDO�UHSUHVHQWDWLYHV�DQG�KDG�VHW�DVLGH�KLV�eight-year suspension.

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http://www.bjreview.com12 BEIJING REVIEW JANUARY 7, 2021

A special tube material workshop in Handan, Hebei Province in north China, on December 18, 2020