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On September 30, a mother and son pass by a flower bed in Beijing set up for the upcoming 18th National Congress of the Communist Party of China (CPC).
The Political Bureau of the CPC Central Committee proposed to convene the congress on November 8 in Beijing and will submit the proposal to the Seventh Plenum of the 17th CPC Central Committee, which will be held on November 1.
The CPC Constitution stipulates that the national congress of the Party be held every five years. The 17th CPC National Congress was held in October 2007.
The 18th CPC National Congress will make plans for China’s further development and Party building, according to the Political Bureau meeting. It will also elect the Party’s new Central Committee and Central Commission for Discipline Inspection.
A total of 2,270 delegates were elected to attend the congress. The CPC now has more than 80 million members.
After the top Party leadership reshuffle, new state and government leaders of China are expected to be elected by the National People’s Congress, the country’s top legislature, next March.
Yunnan Landslide
Eighteen students in class were killed in a landslide on October 4 in southwest China’s Yunnan Province, local authorities said.
The landslide, estimated to be around 160,000 cubic meters in size, also injured a villager and left one person missing in Zhenhe Village, Yilian County.
The government has relocated more than 800 affected residents to safer places.
On September 7, multiple earthquakes struck Yiliang and its neighboring areas in Yunnan and Guizhou provinces, killing 81 people and injuring 800 others.
PMI Contraction
China’s manufacturing activity continued to contract in September but the rate of deterioration eased slightly compared with the previous month, official data showed.
The official purchasing managers’ index(PMI), released on October 1 by the National Bureau of Statistics and the China Federation of Logistics and Purchasing, rose to 49.8 percent last month from 49.2 percent in August. However, it remained below the 50-percent threshold that divides expansion from contraction.
The September index ended the manufacturing PMI’s continuous decline for four straight months. The index fell below the boom-bust line in August for the first time since November 2011.
Tax Reform
Two more Chinese provinces, Jiangsu and Anhui in the country’s east, started a pilot reform on October 1 to replace turnover tax with value-added tax (VAT) in the transport sector and some areas of the service industries, following Beijing, Tianjin and Shanghai.
The reform has been launched to lower the overall tax burden and boost involved sectors.
Turnover tax and VAT are two major tax categories in China. Turnover tax applies to a production process of a business with the tax rates varying from 3 to 15 percent depending on the sectors, while VAT is deduced from the difference between a commodity’s price before taxes and cost of production.
According to a decision made in July at an executive meeting of the State Council, China’s cabinet, the trial program will be expanded to more than 10 provinces and cities.
Christian Campaign
The China Christian Council (CCC) and the National Committee of Three-Self Patriotic Movement of the Protestant Churches in China on September 25 launched a theological exchange campaign to strengthen theological thinking.
The campaign, which will run from 2013 to 2017, aims to guide the country’s church rostrums and promote the spirit of theological thinking through publishing, exchanges, discussions and evangelism, according to the campaign’s guidelines.
“[The campaign] aims to increase a sense of identification for both pastors and believers and encourage priests and church volunteers to extract morals that are consistent with the times from the Bible, religious doctrines and the traditions of churches in order to encourage believers to make more contributions to the country’s economic development, social harmony and cultural prosperity,” said CCC President Gao Feng.
Anniversary Celebration
The Foreign Languages Press (FLP) of China celebrated its 60th anniversary on September 28.
Established on 1952, the FLP has pub-lished more than 30,000 book titles in 43 languages on politics, literature and social life in China, totaling over 400 million printed copies. Its publications have been distributed to more than 100 countries and regions around the world.
The FLP has also been an active player in conducting cooperation with foreign publishing houses. It has co-published, sold or bought the rights of several hundred titles.
Art-Science Meeting
The Third Art and Science International Exhibition and Symposium will be held at the China Science and Technology Museum in Beijing from November 1 to 30. The theme of this year’s exhibition is Information, Ecology and Wisdom, applying information and ecological technology in the creation of art. More than 120 works of art from 22 countries and regions—including the United States, Germany, Austria and France—will be on display.
The event was created in 2001 by TsungDao Lee, the 1957 Nobel Laureate in Physics, and Wu Guanzhong (1919-2010), a contemporary Chinese painter, with the purpose of exploring the relationship between science and art. It was previously held in 2001 and 2006.
Air Information
Beijing authorities on September 28 began releasing official air-quality data collected by 20 monitoring stations across the city, including real-time data on particulate matter(PM) 2.5.
The PM2.5 air-quality standard monitors fine particles with a diameter of 2.5 microns or less.
The city’s air-quality monitoring network is designed to accommodate a total of 35 monitoring stations, with 20 stations having been operational by the end of September.
The rest of the stations are expected to produce data later this month.
The Beijing Environmental Protection Monitoring Center will release an evaluation of the city’s air quality in January 2013 according to the national Ambient Air-Quality Standard.
Growing Wealth
The China Investment Corporation (CIC), the nation’s sovereign wealth fund, announced on September 27 that the annualized yield of its overseas investment stood at 3.9 percent since it was founded five years ago.
According to the company’s 2011 business report, its overseas investment portfolio included 31 percent of long-term investment, 25 percent of diversified public equities, 21 percent of fixed-income securities, 12 percent of absolute return investments and 11 percent of cash funds and others.
Due to the slow recovery of global economy and the European debt crisis, the return on the CIC’s global investment portfolio declined 4.3 percent last year.
Headquartered in Beijing, the company was established on September 27, 2007 with a registered capital of $200 billion. Its total assets reached $482 billion at the end of 2011.
The Political Bureau of the CPC Central Committee proposed to convene the congress on November 8 in Beijing and will submit the proposal to the Seventh Plenum of the 17th CPC Central Committee, which will be held on November 1.
The CPC Constitution stipulates that the national congress of the Party be held every five years. The 17th CPC National Congress was held in October 2007.
The 18th CPC National Congress will make plans for China’s further development and Party building, according to the Political Bureau meeting. It will also elect the Party’s new Central Committee and Central Commission for Discipline Inspection.
A total of 2,270 delegates were elected to attend the congress. The CPC now has more than 80 million members.
After the top Party leadership reshuffle, new state and government leaders of China are expected to be elected by the National People’s Congress, the country’s top legislature, next March.
Yunnan Landslide
Eighteen students in class were killed in a landslide on October 4 in southwest China’s Yunnan Province, local authorities said.
The landslide, estimated to be around 160,000 cubic meters in size, also injured a villager and left one person missing in Zhenhe Village, Yilian County.
The government has relocated more than 800 affected residents to safer places.
On September 7, multiple earthquakes struck Yiliang and its neighboring areas in Yunnan and Guizhou provinces, killing 81 people and injuring 800 others.
PMI Contraction
China’s manufacturing activity continued to contract in September but the rate of deterioration eased slightly compared with the previous month, official data showed.
The official purchasing managers’ index(PMI), released on October 1 by the National Bureau of Statistics and the China Federation of Logistics and Purchasing, rose to 49.8 percent last month from 49.2 percent in August. However, it remained below the 50-percent threshold that divides expansion from contraction.
The September index ended the manufacturing PMI’s continuous decline for four straight months. The index fell below the boom-bust line in August for the first time since November 2011.
Tax Reform
Two more Chinese provinces, Jiangsu and Anhui in the country’s east, started a pilot reform on October 1 to replace turnover tax with value-added tax (VAT) in the transport sector and some areas of the service industries, following Beijing, Tianjin and Shanghai.
The reform has been launched to lower the overall tax burden and boost involved sectors.
Turnover tax and VAT are two major tax categories in China. Turnover tax applies to a production process of a business with the tax rates varying from 3 to 15 percent depending on the sectors, while VAT is deduced from the difference between a commodity’s price before taxes and cost of production.
According to a decision made in July at an executive meeting of the State Council, China’s cabinet, the trial program will be expanded to more than 10 provinces and cities.
Christian Campaign
The China Christian Council (CCC) and the National Committee of Three-Self Patriotic Movement of the Protestant Churches in China on September 25 launched a theological exchange campaign to strengthen theological thinking.
The campaign, which will run from 2013 to 2017, aims to guide the country’s church rostrums and promote the spirit of theological thinking through publishing, exchanges, discussions and evangelism, according to the campaign’s guidelines.
“[The campaign] aims to increase a sense of identification for both pastors and believers and encourage priests and church volunteers to extract morals that are consistent with the times from the Bible, religious doctrines and the traditions of churches in order to encourage believers to make more contributions to the country’s economic development, social harmony and cultural prosperity,” said CCC President Gao Feng.
Anniversary Celebration
The Foreign Languages Press (FLP) of China celebrated its 60th anniversary on September 28.
Established on 1952, the FLP has pub-lished more than 30,000 book titles in 43 languages on politics, literature and social life in China, totaling over 400 million printed copies. Its publications have been distributed to more than 100 countries and regions around the world.
The FLP has also been an active player in conducting cooperation with foreign publishing houses. It has co-published, sold or bought the rights of several hundred titles.
Art-Science Meeting
The Third Art and Science International Exhibition and Symposium will be held at the China Science and Technology Museum in Beijing from November 1 to 30. The theme of this year’s exhibition is Information, Ecology and Wisdom, applying information and ecological technology in the creation of art. More than 120 works of art from 22 countries and regions—including the United States, Germany, Austria and France—will be on display.
The event was created in 2001 by TsungDao Lee, the 1957 Nobel Laureate in Physics, and Wu Guanzhong (1919-2010), a contemporary Chinese painter, with the purpose of exploring the relationship between science and art. It was previously held in 2001 and 2006.
Air Information
Beijing authorities on September 28 began releasing official air-quality data collected by 20 monitoring stations across the city, including real-time data on particulate matter(PM) 2.5.
The PM2.5 air-quality standard monitors fine particles with a diameter of 2.5 microns or less.
The city’s air-quality monitoring network is designed to accommodate a total of 35 monitoring stations, with 20 stations having been operational by the end of September.
The rest of the stations are expected to produce data later this month.
The Beijing Environmental Protection Monitoring Center will release an evaluation of the city’s air quality in January 2013 according to the national Ambient Air-Quality Standard.
Growing Wealth
The China Investment Corporation (CIC), the nation’s sovereign wealth fund, announced on September 27 that the annualized yield of its overseas investment stood at 3.9 percent since it was founded five years ago.
According to the company’s 2011 business report, its overseas investment portfolio included 31 percent of long-term investment, 25 percent of diversified public equities, 21 percent of fixed-income securities, 12 percent of absolute return investments and 11 percent of cash funds and others.
Due to the slow recovery of global economy and the European debt crisis, the return on the CIC’s global investment portfolio declined 4.3 percent last year.
Headquartered in Beijing, the company was established on September 27, 2007 with a registered capital of $200 billion. Its total assets reached $482 billion at the end of 2011.