Beijing Review – August 15, 2019

10 BEIJING REVIEW AUGUST 15, 2019 http://www.bjreview.com

THIS WEEKPEOPLE & POINTS

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views on bilateral ties as well as

international and regional issues of

common concern.”

Hua Chunying, Foreign Ministry spokeswoman,

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the bilateral talks

“We are not going to listen to all

kinds of snide remarks by people

who think they know better. We have

a country we have to develop and

that is our responsibility.”

Joseph Dion Ngute, Cameroonian Prime

Minister, denouncing the “debt trap” allegation

against Chinese loans by some Western media

outlets on August 7

Zhang Jun, China’s new Permanent Representative to the United Nations (UN), began his

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Zhang was born in 1960 in northeast China’s Jilin Province. Before being appointed

UN ambassador, Zhang had served as assistant minister for foreign affairs since 2018.

Prior to that, he was director general of the Ministry of Foreign Affairs’s

Department of Economic Affairs since 2012.

Beginning in 2007, Zhang became China’s ambassador to the

Netherlands and permanent representative to the Organization for the

Prohibition of Chemical Weapons, serving until 2012. From 2004 to

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permanent members of the UN Security Council, will firmly uphold

multilateralism and support the UN in playing an important role.

¾ NEW REPRESENTATIVE TO UN

Post-1990s’ Financial

Management

Guangzhou Daily

August 2

Recently, a survey conducted by Alipay,
China’s leading payment platform, surprising-
ly showed that 92 percent of Chinese people
born in the 1990s have a surplus of money
after paying for living expenses every month,
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agement for their personal wealth.
Young people today who were born in
the 1990s are often viewed as spending
money lavishly and recklessly. It may be time
to realize that the post-1990s generation is
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nally manage its wealth as well.

According to the survey, they have a

stronger sense of independence and self-

security and the poll showed that they have

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nancial management much earlier than their

parents.

With the knowledge of social media and

information dissemination approaches, the

post-1990s generation has achieved a di-

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their personal demands for consumption by

utilizing Internet platforms.

Meanwhile, they are growing in the

credit area, which means they are more ac-

customed to credit consumption rather than

saving up to pay cash. On the one hand, they

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cial management, and on the other hand,

a wide variety of financial products have

sprung up due to the rapid development of

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Revitalization of

Northeast China

Outlook Weekly

August 5

Hongqi, the most famous car marque

headquartered in northeast China, in-

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255 percent year on year, exceeding its

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the recovery of northeast China’s economy.

In the first quarter of 2019, the

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Jilin provinces increased 6.1 percent, 5.

percent and 2.4 percent, respectively, indi-

cating a steady recovery compared to the

cliff-like drop three years ago.

A large number of multinational en-

terprises, such as Bavarian Motor Works,

Saudi Aramco and Intel Corp., have all

increased their investment in northeast

China. The industrial structure of the

region has transformed from resources-

reliant to technology-oriented, resulting

in a stronger economic resilience and a

significant growth in both traditional and

hi-tech industries.

Moreover, the income growth of urban

and rural residents in these three provinces

has been faster than the growth of the

national GDP for successive years, with

a higher employment rate, less poverty-

stricken people and a stronger sense of

gain among the population.

In 2016, revitalization was launched

after the Revitalization of the Old Industrial

Bases in Northeast China was issued by