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NEW PRESIDENT OF FOREIGN AFFAIRS INSTITUTE
Wang Chao, Vice Minister of Foreign Affairs, was recently appointed president of Chinese People’s Institute of Foreign Affairs (CPIFA).
Wang was born in 1960 in north China’s Hebei Province. After graduating from the Guangzhou Institute of Foreign Languages, he worked at the former Ministry of Foreign Trade and Economic Cooperation and the Ministry of Commerce (MOFCOM). In 2003, he was director general at the Department of American and Oceanian Affairs of MOFCOM.
After 2004, Wang held the position of mayor of Dehong Dai and Jingpo Autonomous Prefecture in southwest China’s Yunnan Province before he returned to MOFCOM in 2010.
In 2013, Wang became vice minister at the Ministry of Foreign Affairs, in charge of European affairs, translation, archives and Party affairs until his recent appointment.
The CPIFA was founded in December 1949 with a focus on peopleto-people exchange.
Opening With High Quality
People.cn July 1
China’s new negative lists will take effect on July 30, along with the implementation of a revised catalogue of industries, to encourage foreign investment. The negative lists, one for pilot free trade zones and the other for the rest of the country, have fewer restrictions compared to last year’s lists.
Several new measures have been introduced in industries such as service, manufacturing, mining and agriculture, as more participation is allowed for foreign investment. China will build a fairer and more convenient investment environment based on wider openness to promote global cooperation in the industrial chain.
It has been one of the priorities of China’s economic reform to encourage foreign investment and perfect corresponding management. Along with supply-side structural reform and industrial structural upgrading, foreign investment will play an essential role.
Foreign investment increases the input of capital and labor, contributing to more output and increasing labor income, which can support the expansion of domestic demand.
The entry of high-quality foreign capital that brings advanced production technology can promote technological progress in China.
In addition, Chinese enterprises will also benefit from the advanced management and operation principles of foreign companies. Besides, the imbalanced economic development in different regions has always been a problem, thus, guiding foreign capital to these regions can promote coordinated development.
Hydrogen Fuel Cell Vehicles
China Financial Weekly June 24
Since early 2019, the hydrogen fuel cell vehicle (FCV) industry has attracted a lot of attention. Pure electrical vehicle (PEV) fi re accidents in late April also increased discussions about hydrogen FCVs.
At present, domestic companies such as Geely Auto Group and Great Wall Motors plan to increase investment and promote the commercialization of hydrogen FCVs. More than 10 cities including Shanghai have already issued policies to support FCV development. In 2018, domestic investment plans for hydrogen energy exceeded 200 billion yuan ($29.1 billion), including building industrial parks and raw material projects.
Currently, the price of most domestic hydrogen PEVs is less than 100,000 yuan($14,550) after subsidies, while several hydrogen passenger cars made by Toyota and Honda cost more than 500,000 yuan($72,750), excluding high hydrogen refueling costs. However, the high cost of hydrogen production, core components, storage and transportation bars the development of hydrogen FCVs.
In addition, the slow construction of hydrogen energy infrastructure in China, including hydrogen refueling stations, has also hindered the development of hydrogen FCVs, with high land costs and technical shortcomings seen as two other major reasons. For example, the construction cost of a hydrogen refueling station that can provide 200-kg hydrogen per day is at least 15 million yuan ($2.18 million), much higher than that of gas stations or electric vehicle charging stations.
Experts believe that China’s FCVs, as an emerging industry, need various forms of subsidies as well as specifi c administrative and regulatory measures to regulate their development.
It is also necessary to speed up the planning for hydrogen refueling stations with supportive policies, while regulatory systems for the construction, operation and supervision of stations should be established to ensure effective management.
Harmony and Order
Beijing Youth Daily July 2
Recently, a 76-year-old named Liu Zengsheng was praised on social media platforms. Liu was photographed by passengers taking a subway with an LED sign hanging from his waist that read: “Please do not give up your seat to me.”
Liu, a Dalian resident in northeast China’s Liaoning Province, uses the sign on public transportation to prevent people from feeling pressured to offer him a seat. “When senior people like me are standing in front of younger people, they always offer their seats to us, even when sometimes they are tired.” Offering seats to others who are in need is a virtue rather than a legal obligation. Harmonious behavior comes out of kindness and the principle of interpersonal communication. Young people usually give up their seats to people in need including the elderly, children and pregnant women. It should be appreciated and encouraged. But no one should regard it as their obligation. Some blame or even beat young people who do not want to offer seats, which smacks of moral coercion.
Both the enhancement of social order and encouragement of comity are indispensable to the improvement of public morality.
LATE VILLAGE OFFICIAL NAMED ROLE MODEL
Huang Wenxiu, a former village offi cial in south China’s Guangxi Zhuang Autonomous Region, was posthumously awarded the title Role Model of the Times.
The Publicity Department of the Communist Party of China (CPC) Central Committee, which presented the award, publicized Huang’s outstanding deeds on July 1.
After graduating from Beijing Normal University in 2016, Huang returned to her hometown Baise. She served as an official with the Publicity Department of the Baise Municipal Committee of the CPC.
Since March 2018, she had been leading the poverty alleviation efforts in Baini Village as the village’s Party chief. A total of 418 villagers were lifted out poverty thanks to her efforts. Huang died in a rain-triggered flash flood while traveling on June 17. She was 30.
“China has been a main contributor to the global economy and world peace, any kinds of sanctions and new tariffs are not going to block China.”
Boris Tadic, former President of Serbia, during an interview on June 27, commenting on the remarkable progress China has made in the last four decades
“The tough punishments will exert a positive impact on the whole process of supervision of vaccines.”
Jiao Hong, head of the National Medical Products Administration, commenting on the Chinese top legislature passing a law on vaccine administration on June 29
“Seventy years after its founding, the People’s Republic of China, under the leadership of the Communist Party of China, has proven that its socialist road opens a path for social, technological and economic prosperity and development.”
Jose Luis Robaina, a researcher at Cuba’s International Policy Research Center, in an interview with Xinhua News Agency on July 1
“China’s core competitiveness lies in its complete manufacturing industrial chain, which is now embracing artificial intelligence to boost automation and intelligence levels.”
Zhu Min, Chairman of the National Institute of Financial Research, expressing optimism about China’s economic prospects on July 1