NEW,PINGPONG,QUEEN
NEW PINGPONG QUEEN
The worlds No.1 female table tennis player Chen Meng lived up to her reigning status by claiming the gold medal in the table tennis womens singles competition on July 29 at the Olympic Summer Games Tokyo 2020.
Chen， 27， started to play table tennis at the tender age of five and made it onto Chinas national table tennis team six years later.
Its another major title for top-ranked Chen， following her success at the Table Tennis World Cup in November last year.
Her teammate Sun Yingsha took home the Olympic silver. On the same day， Fan Zhendong and Ma Long made up an all-Chinese mens singles table tennis final， resulting in China securing both Olympic table tennis gold medals in the singles events.
Monetary Policy
Peoples Daily July 26
On July 15， the Peoples Bank of China（PBC）， the countrys central bank， lowered the reserve requirement ratio （RRR）， the amount of cash that banks need to hold as reserves， by 50 basis points， releasing about 1 trillion yuan （$154.3 billion） worth of long-term funds. The action reduced the weighted average RRR for financial institutions to 8.9 percent.
The RRR cut aims to improve the fund structure of financial institutions and boost their capabilities in terms of financial services to improve support of the real economy， the central bank said.
Financial institutions could use part of the released funds to repay the maturing medium-term lending facilities. Some funds will also fill the liquidity gap in the tax payment season coming up in late July. The reduction has lowered the fund costs for financial institutions by some 13 billion yuan （$2.03 billion） each year， according to the PBC calculation.
Rather than resorting to a “flood-like”stimulus， the PBC pledged to uphold a normal monetary policy while keeping it stable and effective to create a suitable monetary and financial environment.
Relishing Cultural Ties
China Newsweek July 19
This year marks the 50th anniversary of the establishment of the China Cultural Relics Exchange Center in 1971， raising the international curtains on overseas unearthed historical relic exhibitions. From that moment onward， cultural ties have been promoted as a way to enhance people-to-people exchanges between China and the rest of the world.
On May 8， 1973， a first event， the Exhibition of Unearthed Chinese Cultural Relics， opened its doors to the public in Paris， France. The exhibition ran for four months and visitor numbers went up to 365，000.
The Chinese culture has been producing great art for more than 5，000 years at this point， yet the world knew so little about the continuum of Chinese history， how unbroken it remains；
how magnificent it is. “Holding an exhibition is a way to show the world how wonderful Chinese cultural relics have been for millennia on end，” said Zhao Gushan， Deputy Director of the China Cultural Relics Exchange Center.
Overall， the Sanxingdui Museum in Sichuan Province has proven a big winner in the development of cultural relic exhibitions overseas. In 1998， the exhibition entitled The Mystery of Chinas 5，000 Years—The Magical Mask Kingdom took place in Tokyo， Japan. It was the largest Sanxingdui Museum overseas exhibition ever， with more than 200 cultural relics on display.
This year， as more than 1，000 significant relics have been unearthed from new sacrificial pits at the legendary Sanxingdui Ruins site， the uncovered cultural relics are just as large in scale as they are splendid in nature， a true testament to the diversity and similarity of ancient global civilizations. Their discoveries will also help promote the cultural exchanges and cooperation between China and the four corners of the globe.
Medical Insurance Payment
Economic Daily July 22
More efforts will push hospitals to share information on medical examinations and facilitate the reimbursement of medical costs across provinces， according to a recent State Council executive meeting.
As for inter-provincial network institutions， it should be ensured that at least one designated medical institution can provide direct cross-province payment for medical expenses in each county by the end of next year.
Medical insurance payments across provincial borders can reduce the pressure on patients to advance funds and reduce the stress of traveling back and forth. However， due to the different degrees of economic development， there have always been differences in the level of medical services and medical insurance premiums in various regions.
Therefore， to solve the problem of medical treatment in different places， it is not only necessary to open up the settlement platform， strengthen network connections， but also to realize the sharing of medical insurance information and data.
Further efforts must reinforce the cultivation of medical personnel and the use of digital technology in healthcare， calling for enhanced medical services at the county level.
CHINAS NEW U.S. AMBASSADOR
Chinas new ambassador to the United States Qin Gang arrived in the country on July 28. He pledged to work to get bilateral relations back on track.
“Looking forward to the coming time in the country，” the 55-year-old former vice foreign minister said in his first Twitter post after landing in New York on the same day.
Qin will assume office as Chinas 11th ambassador to the U.S.， following the departure of his predecessor， Cui Tiankai， who completed his tenure of eight years and returned to China on June 23.
Qins service at the Chinese Embassy in Washington D.C. comes at a time when the bilateral relationship is viewed by many experts as being in a downward spiral， as the two countries have clashed on a number of issues.
“Ironically， the solution to the real problems facing the U.S.， and the only way for it to quickly Build Back Better is to cooperate with， rather than sabotage， the Belt and Road Initiative.”
William Jones， a Washington-based policy analyst， in an article on China Daily on July 28
“More than 50 percent of U.S. citizens have been fully vaccinated， but only 1 to 2 percent of people in lower-income countries have received their first dose. To stop the virus from circulating and continuing to mutate， we urgently need to address this vaccine divide.”
Seth Berkley， Chief Executive of Gavi Alliance， in an article published by The Washington Post on July 26
“China is more than 17，300 km away from Bolivia， but that distance has never been， and will not be， an obstacle to strengthening our ties of brotherhood and cooperation.”
Evo Morales， former Bolivian President， in an interview with Xinhua News Agency on July 26
“Chinas recent rise in vaccine development capability can be attributed to sustained support in basic sciences， including pathogenic biology and immunology.”
Gao Fu， head of the Chinese Center for Disease Control and Prevention， said at the 23rd Annual Meeting of the China Association for Science and Technology on July 27