Belt and Road Initiative has laid the road map for BR Forum: SRCIC Executive Chairman
5cbfcc6aa3104842e4aa35ac_副本
Belt and Road Initiative has laid the road map for BR Forum: SRCIC Executive Chairman
25 Apr 2019
The Belt & Road Brand Expo in Shanghai, June 30, 2018 The second Belt and Road Forumfor International Cooperation (BRF) in Beijing on April 25-27 must aim to be as constructive as the Belt and Road Initiative (BRI), which was launched in 2013. The first BRF in May 2017 made China's historic Belt and Road Initiative more open to the world, attracting 29 heads of government and accomplishing its aim of raising the international profile of BRI. There is much for China to be proud of in the multitude of projects deployed under the framework of the BRI. Those getting the most attention have often been the riskiest endeavors, in poor countries receiving little foreign investment because of high financial or political instability. But that was always one of the aims of the BRI – to build modern infrastructure where it has not existed or has been neglected. BRI has been dismissed by its critics as a series of “debt traps”, but no one has offered a solid alternative to the billions of US dollars being invested by China to raise poor countries out of the poverty traps perpetuated by lack of roads, markets, ports and social infrastructure. China learned the lessons of development in its own long march to prosperity, as it used debt combined with its people's ingenuity in the most successful poverty-alleviation effort in human history. The second edition of the forum will host 5,000 participants from more than 150 countries, including 37 heads of state or government. It comes at exactly the right moment to draw a line under the lessons learned in the last five years. More importantly, the forum must be the starting point for a more mature BRI, with clear objectives that are better aligned with national development strategies, and with international standards for environmental sustainability, anticorruption, and economic viability. The program of the second forum indicates another lesson learned: that the dynamism and expertise of the private sector has to be one of the key drivers for the next phase of initiative. The second BRF should mark the creation of a “level playing field” for BRI where Chinese and non-Chinese companies can compete for contracts with more transparency and equal opportunity. One way to accomplish this important step is to use the forum to emphasize and expand the role of the Asian Infrastructure Investment Bank (AIIB) as a partner for financing BRI projects. AIIB is a bold experiment by China, where 80 national partners now participate in financing, governance and decision-making on projects. AIIB has adopted many of the international standards set over decades by leading development banks for competitive tenders on contracts, reliable environmental studies, anticorruption measures and good governance. The message to the world from the second BRF will be clear that China will try to do what is need to implement the initiative smoothly. This includes learning how to apply international standards in BRI development projects. The second BRF will be successful if participants can show the world how the vision driving BRI will continue to adapt and adjust to make it increasingly a win-win proposition for everyone involved. Jean-Guy Carrier, Executive Chairman, Silk Road Chamber of International Commerce (SRCIC). Source: China Daily
Cambodian PM to attend 2nd Belt and Road Forum in China
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Cambodian PM to attend 2nd Belt and Road Forum in China
23 Apr 2019
Cambodian Prime Minister Samdech Techo Hun Sen will lead a high-level delegation to attend the second Belt and Road Forum for International Cooperation (BRF) in Beijing, capital of China, from Thursday to Saturday, said a foreign ministry's statement on Monday. At the high-level meeting of the second BRF on Friday, Hun Sen will deliver an address on the forum's theme "Belt and Road Cooperation, Shaping a Brighter Shared Future," the statement said. He will share his perspective on the theme "Boosting Connectivity to Explore New Sources of Growth" at the leader's roundtable session on the following day, it added. A number of documents on Chinese assistance and cooperation projects are expected to be signed during this visit, the statement said. After his participation in the second BRF, the Cambodian prime minister together with other heads of states and governments will attend the opening ceremony of the International Horticultural Exhibition 2019, where he will also inaugurate the national pavilion of Cambodia, it said. In addition, Hun Sen will address a gathering of professors and students at the Beijing University where he will be conferred the title of "Honorary Professor of International Relations." According to the statement, Hun Sen's entourage will include Deputy Prime Minister Hor Namhong, Foreign Minister Prak Sokhonn, Economy and Finance Minister Aun Pornmoniroth, Transport Minister Sun Chanthol, Agriculture Minister Veng Sakhon, Commerce Minister Pan Sorasak, Health Minister Mam Bunheng and Tourism Minister Thong Khon. Source:Xinhua News Agency
Xi to address Belt and Road forum next week: FM
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Xi to address Belt and Road forum next week: FM
22 Apr 2019
Chinese State Councilor and Foreign Minister Wang Yi (C) speaks during a press briefing for the second Belt and Road Forum for International Cooperation (BRF) in Beijing, capital of China, April 19, 2019. (Xinhua/Zhai Jianlan) Chinese President Xi Jinping will deliver a keynote speech at the second Belt and Road Forum for International Cooperation (BRF) to be held from April 25 to 27 in Beijing, State Councilor and Foreign Minister Wang Yi announced Friday. Leaders including heads of state and government from 37 countries will attend the forum's roundtable summit, Wang told a press briefing. Wang said 12 thematic forums and a CEO conference would be held on April 25, the opening ceremony and a high-level meeting on April 26, and the leaders' roundtable on April 27. Xi will attend the opening ceremony and deliver a keynote speech. He will also chair the leaders' roundtable and brief media from home and abroad about the outcomes after the roundtable, Wang said, adding that Xi and his wife Peng Liyuan will also hold a welcoming banquet for the leaders and representatives. According to Wang, the 37 countries are Austria, Azerbaijan, Belarus, Brunei, Cambodia, Chile, Cyprus, Czech Republic, Djibouti, Egypt, Ethiopia, Greece, Hungary, Indonesia, Italy, Kazakhstan, Kenya, Kyrgyzstan, Laos, Malaysia, Mongolia, Mozambique, Myanmar, Nepal, Pakistan, Papua New Guinea, the Philippines, Portugal, Russia, Serbia, Singapore, Switzerland, Tajikistan, Thailand, the United Arab Emirates, Uzbekistan and Vietnam. The secretary-general of the United Nations and the managing director of the International Monetary Fund will attend the forum, Wang said, adding that senior representatives of France, Germany, Britain, Spain, Japan, the Republic of Korea and the European Union will also participate. Noting that the BRF is the top-level platform for international cooperation under the framework of the Belt and Road Initiative, Wang said the conference next week would be of landmark significance. The theme of the second BRF is "Belt and Road Cooperation, Shaping a Brighter Shared Future." Wang said the main purpose is to promote the high-quality development of Belt and Road cooperation, which is the common aspiration of countries participating in the initiative. Speaking highly of the fruitful results yielded since the initiative was launched in 2013, Wang said the second BRF was greatly welcomed worldwide with some 5,000 participants from more than 150 countries and 90 international organizations having confirmed their attendance, covering areas from five continents and different walks of life such as government, civil society, business and academia. According to Wang, this year's forum will have 12 thematic forums, twice of that during the first forum in 2017, and the CEO conference will be held for the first time. A joint communique will be released after the leaders' roundtable and other consensus reached during the forum will be issued in a report. The Belt and Road Initiative, proposed by Xi in 2013, aims at enhancing all-around connectivity through infrastructure construction, exploring new driving force for the world economic growth, and building a new platform for world economic cooperation, according to Wang. Stressing that Xi and leaders from other countries blueprinted the initiative in 2017, Wang said the progress in the past two years shows that the initiative conforms to the trend of the times featuring peace, development, cooperation and win-win and accords with the common aspiration of openness and joint development of all countries. "As the host country, we will maintain close communication and coordination with all parties to prepare for the forum with openness, inclusiveness and transparency, upholding the principle of consultation and cooperation for shared benefits," Wang said. Wang said China will showcase the outcomes and introduce the measures of its reform and opening-up to the world, adding that this will allow China to share the dividends of its economic growth, promote the Belt and Road Initiative, and bring more opportunities to the development of all countries as well as the building of the Belt and Road. Source:Xinhua News Agency
34 countries signed MoU under BRI multilateral tax system
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34 countries signed MoU under BRI multilateral tax system
19 Apr 2019
A multilateral tax cooperation mechanism under the Belt and Road Initiative was established on Thursday in Wuzhen, Zhejiang province. It aims to facilitate cross-border trade and investment along BRI routes by helping resolve tax disputes. The nonprofit mechanism, the Belt and Road Initiative Tax Administration Cooperation Mechanism, or BRITACOM, includes tax authorities from 34 countries and regions. Participating parties signed a memorandum of understanding and become council members on Thursday, including those from Kazakhstan, Uruguay and Nigeria. Another 11 tax authorities from Italy, Greece, Iran, Saudi Arabia and New Zealand, among others, joined the mechanism as observers, and will have advisory roles. Expanding tax dispute resolution activities, increasing transparency, streamlining compliance and digitizing filing are some of the key tasks that the mechanism will act upon going forward. To help facilitate these goals, an office will be opened in Beijing. Members agreed that the mechanism is in response to calls by G20 leaders for a fair, transparent and modern tax system that ultimately contributes to the fulfillment of the United Nation's 2030 Agenda for Sustainable Development. Wang Jun, commissioner of China's State Taxation Administration, was elected chairman of the mechanism's council. He suggested that members jointly enhance tax administration capacity and build a growth-friendly tax environment. In order to improve the business environment, the Chinese government has launched a series of measures to continually reduce burdens for taxpayers, and the annual plan for 2019 is to cut 2 trillion yuan ($300 billion) in taxes and fees. "Effects have been seen recently. In the first two months, 182.85 billion yuan in taxes and fees were further reduced," Wang said. "The Chinese tax authority will do all it can to achieve the target." "International tax cooperation is not and has never been easy. But we do need a multilateral approach," said Vitor Gaspar, director of the Fiscal Affairs Department at the International Monetary Fund. "BRITACOM has a role to play in fostering a multilateral cooperation approach to taxes, and it can help tax administrations share best practices and build a foundation for cooperation," Gaspar said. Collaboration between the tax administrations of BRI countries can lead to the pooling of skills and expertise on tax collection. It can also strengthen national tax rules in areas such as withholding tax, transfer pricing and dispute resolution to ensure that fair amounts of taxes are collected, said Daniel Witt, president of the International Tax and Investment Center. "BRI countries should be careful not to create barriers to investment, and the priority should be to look at practical solutions to remove complexities and compliance burdens on tax administrations and taxpayers," Witt added. To serve the BRI, Liao Tizhong, director-general of the International Taxation Department, State Taxation Administration, said China has expanded a tax treaty network to cover 95 countries and regions. The number of foreign companies from BRI countries that invest in China and pay annual taxes of more than 5 million yuan reached 1,205 in 2018. Their average revenue growth stood 8.1 percent, and their fixed-asset investment increased by 11.3 percent year-on-year. Source:China Daily
China-Italy agreement opens new path for Europe: SRCIC Executive Chairman
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China-Italy agreement opens new path for Europe: SRCIC Executive Chairman
19 Apr 2019
Visiting Chinese President Xi Jinping (right) along with his Italian counterpart Sergio Mattarella (left) attends a welcoming ceremony in Rome, Italy, March 22, 2019. [Photo by Feng Yongbin/China Daily] The visit by President Xi Jinping to Italy, Monaco and France will be a turning point in relations between China and the European Union (EU) because it will highlight a different approach to financing Belt and Road Initiative (BRI) more in line with EU rules and expectations. The visit comes at a difficult time for EU members, who are dealing with the UK's exit (Brexit) from the club, France's turmoil over the gilet jaune (yellow vest) movement, and the prospects for the EU economy are once again looking dim. Business and political leaders in Europe have called for China to create a “level playing field” for BRI where non-Chinese companies can compete for contracts, with more transparent and clear rules for financing projects, anticorruption measures and an approach which ensures projects are environmentally sustainable. Now Italy, is proposing to be the first of the “founding” members of the European Union and the first from the exclusive club of G7 countries to formally recognize the BRI. That in itself is a significant step. But what is likely to be even more important is the absolutely brilliant method Italy and China have devised for working together on BRI investments and projects, so as to be in compliance with EU and international standards. The China-Italy memorandumofunderstanding will include important infrastructure investments for transportation, energy production, logistics, ports, energy, aviation and telecommunications. Those are standard elements of most MoUs signed with China for BRI projects. What is new and innovative about the proposed China-Italy MoU is that it proposes to include the Asian Infrastructure Investment Bank (AIIB) as a partner for financing joint projects. The use of AIIB rules and practices will help satisfy demands made by the EU. The AIIB concept is being efficiently implemented by its founding President Jin Liqun and his international staff members based in Beijing. The AIIB has adopted many of the international standards set over decades by leading development banks, and which meet EU rules for competitive tenders for contracts, reliable environmental studies, anticorruption measures and rules for openness and good governance that are required inside the EU. Italy, Germany and France are among EU countries who are members of the AIIB and participate in its governance and financing. Italy's MoU with China comes at a time of growing competition among EU members for a shrinking pie of investments by Chinese companies. Despite that drop, China-EU trade averages over 1 billion euros ($1.14 billion) per day, making the EU China's biggest trading partner. For the EU, China is the second most important trading partner after the US. As for the other important stops in Xi's visit to Europe, French President Emmanuel Macron may be bold enough to seize on the Italy-China MoU as an opportunity to open the BRI to French companies. In Monaco (population 38,000) the reigning Prince AlbertII will receive the President of China with all the respect and ceremony accorded to him during his own visit to China last year. The China-Italy MoU is proof that China is learning from the experiences. What really works are projects that are in step with the local economy, environmentally sustainable and financially viable, which is also the demand of the EU and to make it a win-win proposal for everyone involved. Jean-Guy Carrier, Executive Chairman, Silk Road Chamber of International Commerce (SRCIC). Source: China Daily
SMEs Cross-Border Matchmaking Event organized by SRCIC member CSEBA
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SMEs Cross-Border Matchmaking Event organized by SRCIC member CSEBA
18 Apr 2019
On April 12 , 2019, the 8thSummit of Central and Eastern European Countries (CEEC) and China was held in Dubrovnik City, Croatia. It gathered political leaders of 17 countries, during which PM Li Keqiang proposed a series of measures to further promote cooperation between China and CEE countries. During the 8th CEEC & China Summit in Dubrovnik, at the same venue, the 9th Business Forum of CEEC & China was held on April 11-12. Over 1,000 participants from 30 countries participated in the SMEs Cross-Border Matchmaking Event with active participation, preparation and organization from Chinese Southeast European Business Association (CSEBA). Numerous numbers of CSEBA members and partners have actively participated in B2B meetings with Chinese enterprises which included representatives from Bank of China, CRBC, CCCC, Norinco, Sinosure, Huawei, Geely, China Railway, Exim Bank, COSCO, China Energy, China Development Bank, ZTE and over 100 other enterprises from all over China. CSEBA, as a member of the Silk Road Chamber of Commerce (SRCIC) since the 2017, used the opportunity to promote cooperation with SRCIC amongst enterprises in CEE countries. Dubrovnik event, and the visit of PM Li Keqiang provided a perfect chance to further promote economic cooperation with PR China, and one of the most valuable platforms for development of this cooperation is SRCIC. CSEBA helped significantly in the media promotion of this event, that attracted over 100 journalists from Croatia, China and other countries. Several agreements have been signed at the 9th Business Forum of CEEC & China between Croatia and China. The Kantrida Stadium and Top International Engineering Corporation (TIEC) signed a cooperation on the project for the construction of the new football stadium in Rijeka. Cooperation has been signed on development of railway infrastructure in Croatia between Croatian Railway Infrastructure Co., China Railway Eryuan Engineering and CRBC. The Ministry of Health signed a letter of intent with the Chinese pharmaceutical firm Sinopharm. Faculty of Civil Engineering in Zagreb and the CRBC signed cooperation on student mobility and knowledge exchange. Two private companies signed a cooperation on renewable energy projects. Metamorphosis and Shanghai Everglow Management Partners will open a Museum of Illusions in China. Many CEEC Region companies found new contacts amongst more than 100 Chinese enterprises during B2B Matchmaking Meetings. On the margin of the “16+1” Summit, CSEBA organized visiting tours for CSEBA's partners from China to the main investment locations in Croatia. Kumrovec, the birthplace of Tito, and Krapinske Toplice, Croatia's best medical tourism destination, are the most promising area for investments into congress and medical tourism. Investment projects include the building of the new congress center, several hotels, wellness and spa centre, and other supporting facilities. CSEBA, as a partner of SRCIC, continues to promote bilateral and economic cooperation with China, and would like to congratulate SRCIC for the results of the Silk Road initiative during the last year. Source: fromCSEBA
Belt and Road Initiative has laid the road map for BR Forum: SRCIC Executive Chairman
5cbfcc6aa3104842e4aa35ac_副本
Belt and Road Initiative has laid the road map for BR Forum: SRCIC Executive Chairman
25 Apr 2019
The Belt & Road Brand Expo in Shanghai, June 30, 2018 The second Belt and Road Forumfor International Cooperation (BRF) in Beijing on April 25-27 must aim to be as constructive as the Belt and Road Initiative (BRI), which was launched in 2013. The first BRF in May 2017 made China's historic Belt and Road Initiative more open to the world, attracting 29 heads of government and accomplishing its aim of raising the international profile of BRI. There is much for China to be proud of in the multitude of projects deployed under the framework of the BRI. Those getting the most attention have often been the riskiest endeavors, in poor countries receiving little foreign investment because of high financial or political instability. But that was always one of the aims of the BRI – to build modern infrastructure where it has not existed or has been neglected. BRI has been dismissed by its critics as a series of “debt traps”, but no one has offered a solid alternative to the billions of US dollars being invested by China to raise poor countries out of the poverty traps perpetuated by lack of roads, markets, ports and social infrastructure. China learned the lessons of development in its own long march to prosperity, as it used debt combined with its people's ingenuity in the most successful poverty-alleviation effort in human history. The second edition of the forum will host 5,000 participants from more than 150 countries, including 37 heads of state or government. It comes at exactly the right moment to draw a line under the lessons learned in the last five years. More importantly, the forum must be the starting point for a more mature BRI, with clear objectives that are better aligned with national development strategies, and with international standards for environmental sustainability, anticorruption, and economic viability. The program of the second forum indicates another lesson learned: that the dynamism and expertise of the private sector has to be one of the key drivers for the next phase of initiative. The second BRF should mark the creation of a “level playing field” for BRI where Chinese and non-Chinese companies can compete for contracts with more transparency and equal opportunity. One way to accomplish this important step is to use the forum to emphasize and expand the role of the Asian Infrastructure Investment Bank (AIIB) as a partner for financing BRI projects. AIIB is a bold experiment by China, where 80 national partners now participate in financing, governance and decision-making on projects. AIIB has adopted many of the international standards set over decades by leading development banks for competitive tenders on contracts, reliable environmental studies, anticorruption measures and good governance. The message to the world from the second BRF will be clear that China will try to do what is need to implement the initiative smoothly. This includes learning how to apply international standards in BRI development projects. The second BRF will be successful if participants can show the world how the vision driving BRI will continue to adapt and adjust to make it increasingly a win-win proposition for everyone involved. Jean-Guy Carrier, Executive Chairman, Silk Road Chamber of International Commerce (SRCIC). Source: China Daily
China-Italy agreement opens new path for Europe: SRCIC Executive Chairman
5c98892ea3104842e4a55e75_副本
China-Italy agreement opens new path for Europe: SRCIC Executive Chairman
19 Apr 2019
Visiting Chinese President Xi Jinping (right) along with his Italian counterpart Sergio Mattarella (left) attends a welcoming ceremony in Rome, Italy, March 22, 2019. [Photo by Feng Yongbin/China Daily] The visit by President Xi Jinping to Italy, Monaco and France will be a turning point in relations between China and the European Union (EU) because it will highlight a different approach to financing Belt and Road Initiative (BRI) more in line with EU rules and expectations. The visit comes at a difficult time for EU members, who are dealing with the UK's exit (Brexit) from the club, France's turmoil over the gilet jaune (yellow vest) movement, and the prospects for the EU economy are once again looking dim. Business and political leaders in Europe have called for China to create a “level playing field” for BRI where non-Chinese companies can compete for contracts, with more transparent and clear rules for financing projects, anticorruption measures and an approach which ensures projects are environmentally sustainable. Now Italy, is proposing to be the first of the “founding” members of the European Union and the first from the exclusive club of G7 countries to formally recognize the BRI. That in itself is a significant step. But what is likely to be even more important is the absolutely brilliant method Italy and China have devised for working together on BRI investments and projects, so as to be in compliance with EU and international standards. The China-Italy memorandumofunderstanding will include important infrastructure investments for transportation, energy production, logistics, ports, energy, aviation and telecommunications. Those are standard elements of most MoUs signed with China for BRI projects. What is new and innovative about the proposed China-Italy MoU is that it proposes to include the Asian Infrastructure Investment Bank (AIIB) as a partner for financing joint projects. The use of AIIB rules and practices will help satisfy demands made by the EU. The AIIB concept is being efficiently implemented by its founding President Jin Liqun and his international staff members based in Beijing. The AIIB has adopted many of the international standards set over decades by leading development banks, and which meet EU rules for competitive tenders for contracts, reliable environmental studies, anticorruption measures and rules for openness and good governance that are required inside the EU. Italy, Germany and France are among EU countries who are members of the AIIB and participate in its governance and financing. Italy's MoU with China comes at a time of growing competition among EU members for a shrinking pie of investments by Chinese companies. Despite that drop, China-EU trade averages over 1 billion euros ($1.14 billion) per day, making the EU China's biggest trading partner. For the EU, China is the second most important trading partner after the US. As for the other important stops in Xi's visit to Europe, French President Emmanuel Macron may be bold enough to seize on the Italy-China MoU as an opportunity to open the BRI to French companies. In Monaco (population 38,000) the reigning Prince AlbertII will receive the President of China with all the respect and ceremony accorded to him during his own visit to China last year. The China-Italy MoU is proof that China is learning from the experiences. What really works are projects that are in step with the local economy, environmentally sustainable and financially viable, which is also the demand of the EU and to make it a win-win proposal for everyone involved. Jean-Guy Carrier, Executive Chairman, Silk Road Chamber of International Commerce (SRCIC). Source: China Daily
The Belt and Road Initiative: Alexander Tomov
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The Belt and Road Initiative: Alexander Tomov
16 Apr 2019
16 April, 2019, Guangming Daily releasedone article by Prof. Alexander Tomov, Former Deputy Prime Minister of Bulgaria and Senior Adviser of SRCIC, in Chinses version under the theme of the Belt and Road Initiative. Link: http://epaper.gmw.cn/gmrb/html/2019-04/16/nw.D110000gmrb_20190416_1-12.htm Please read the original for details. 2019 is a remarkable year. During this year we will celebrate events with historical meaning. Among them is the 70th anniversary from the founding of the People’s Republic of China. One of the first counties who have recognized PRC in 1949 was Bulgaria. These days this fact is pointed out as a successful and very important diplomatic action of the foreign policy of Bulgaria. Despite the political and other changes in the last seventy years, Bulgarian people have always respected the friendship and good relations between the two countries. The interest towards China among the young Bulgarians is increasing in the context of economic success of China and especially the achievements of PRC in the high-tech industries. In relation with this the landing on the opposite side of the Moon by the spacecraft “Chang’e-4” proves the whole world the huge capabilities of Chinese science and technology. Very big impression makes the circumstance that China has achieved almost 10% average year growth during the last three decades. What’s more these results have been achieved while reducing the number of poor people constantly. During his new-year speech Xi Jinping underlined that “125 poor regions and 10 million villagers have come out from poverty”. The simultaneous achievement of high temps of growth and the formation of big middle class is a remarkable success of PRC for which many countries still dream of. In my consequent researches I am trying to prove that the “socialization of the capital and the capitalization of labour” are two key processes for modern societies. This means that the private companies have to fight not only for profits but also have their own social responsibility in front of their employees and also in front of the whole society. On the other side as many interests of the employees are linked and are common with the interests of the capital, the more effective the production process itself is and therefore the more the trust of working people towards their country will increase. The experience of many Chinese private companies in this relation becomes object of increasing scientific interest and researches around the world. The link between state and private companies, state banks – private companies as well as the methods for keeping the high economic growth are in the base of what we can name as “Chinese economic model”. This is a whole system of relations which is in fact a big, as importance, social innovation. In the last decades was made an attempt to force one global liberal mode. My colleague prof. Francis Fukuyama became famous with his thesis for the end of history and the world domination of USA liberal model. The history of humanity however does not end. It is a mistake to be forced for implementation the same type of social models throughout different countries. On the opposite, the competition between the different governing models in USA, Europe and China will objectively prove which model provides higher social harmony, how is achieved highest economic growth, how this growth improves the lives of ordinary people. The differentiation of several different models of economic growth is expression of the diversity of world development, of different historical and cultural specifications of peoples. It is not democratic to reject the experience of one or another country only because it is different than another. Even more unacceptable is the successes of one or another state and peoples to be limited or restricted with trade wars and administrative obstacles. If the policy of trade limitations and trade wars dominates this can lead the world economy to recession in the end of 2019 or in 2020. The descending economic cycle can turn itself into a heavy economic recession which will be a loss for all countries. Today the majority scientists-economists warn about the danger from trade wars, especially between the big world powers. If we want not to repeat the mistakes of the global financial crisis from 2008-2010 we have to calm down the world financial markets and to stimulate with all possible means the policy of openness and world trade. This is the only possible solution while having the tension created between main leading countries. The last forecasts of the Institute for international finances show that in 2019 China will have growth of 6,2%, India – 7,2%, USA – 2,3%, Eurozone – 1,8%. This forecasts clearly show the increasing dynamics of economies in Asia compared to the economy in USA and especially in Europe. Is it possible this forecast to be changed with change in the conditions for trading and creation of trade wars? According to me – no! Today in the world we have two dominating geopolitical views. The first is related with the politics of absolute priority of the national interest, of the not taking into account the interest of other peoples, of the bilateral pressure via which stronger countries press the weaker ones. The other policy is the policy of openness, of peaceful competition of economic and political models, of goods and services, of multilateral global cooperation. The first from these policies is the one contra globalization and no matter if it wants or not this policy will clash with the progress and development of modern communications. Globalization cannot be stopped. Internet, satellites, artificial intelligence will continue to connect people, no matter of the limitations. Policy of national and political egoism cannot exist too long. It can only have a temporary existence. Deep analysis show that if the policy of national egoism causes trade wars this will influence the global economic growth and will hit back like a boomerang the countries which initiate these trade wars. This is why neither new “cold” wars, neither trade wars can lead the world to better existence. When in 2013 Chinese president Xi Jinping announced the “One Belt One Road” also known as “Belt and Road Initiative” (BRI), many politicians perceived it as a short-term and regional initiative. Now, 5 years later, it is obvious that the “Silk Road” does not have regional but global character. This is a new philosophy, new understanding for the modern world, for the common existence of peoples, economies and cultures. Today in many countries nationalism is fashionable as well as populism and political egoism. BRI, on the opposite, is a philosophy of the openness, of mutual protection of the interest of both bigger and smaller countries. The strength of BRI is that this policy coincides with the logic of the world progress, with the bigger mutual dependence of the countries created by the modern communications, with the mutual care for climate, peace and natural resources. This is why I think and firmly believe that the BRI will have growing importance for the tomorrow of the mankind. This initiative is very possible to be followed by other similar initiatives, based on openness, mutuality and peaceful co-existence. The old type globalization based on the self-regulation of the markets has led to many imbalances not only in separate regions but also inside some big countries. Possibly now the world enters in a process of searching of new balancing of finances, of currencies, of trade relations. This will be a long and obviously difficult process. In this picture bright impression makes the concept of president Xi Jinping for “Shared future for the mankind”. This concept and its practical realization in the BRI is important pillar in building the philosophy for the new world order and for the multipolar world. Its importance and vision is the fact that it connects the idea for the multipolar world with the idea for peace, mutual guarantees for security and the idea for fair trade relations. Many people today pose the question why the BRI has received support in so many countries. More than half of all countries in Asia, Europe, Africa, Latin America. The main reason, according to me, is that the big number of world population seeks for solution for shared development and does not want to accept the policy of populism and national egoism. That is why this initiative has its bright future and its multimillion audience. The next few years will be years of going down trend in the world economics. The possibilities for low interest rates and pouring quantitative easings by the Central Banks are almost over. Low global growth and higher than the current inflation are expected. Some economists believe that in such conditions the importance of initiatives like the BRI will decrease. My opinion is exactly the opposite. These countries which in conditions of low economic cycle succeed to provide higher production rate and bigger export of goods and services will receive higher authority, prestige and importance in the world. This is valid both for big and small countries. That is why is right BRI to be considered not only as a bridge for investments and goods but also as a bridge for cultural and traditions exchange between the different peoples. Shared future for the mankind – this is the universal formula for mutuality and common progress. Prof. Alexander Tomov Jan. 2019
SRCIC Deputy Secretary General Wang Yan visits China Development Research Foundation
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SRCIC Deputy Secretary General Wang Yan visits China Development Research Foundation
29 Mar 2019
On March 26, 2019, SRCIC Deputy Secretary General Wang Yan visits China Development Research Foundation (CDRF), organizer of China Development Forum, and met with Deputy Secretary General of CDRF and Secretary of Party General Branch Chen Guotang. SRCIC Deputy Secretary General Wang Yan (L) and CDRF Deputy Secretary General and Party General Branch Secretary Chen Guotang (R) During the talks, Wang Yan introduced to Chen Guotang the general situation of SRCIC. By taking this opportunity, he also thanked CFRF for inviting SRCIC to China Development Forum 2019, hopingSRCIC could maintain close contact with CDRF and actively participate in the CDRF's future activities. Deputy Secretary-General Chen Guotang appreciated SRCIC for its support to theForum and hoped to conduct more extensive and in-depth exchanges with SRCIC in the future.
Congratulations to SRCIC First Honorary Chairman Peter Mihok
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Congratulations to SRCIC First Honorary Chairman Peter Mihok
29 Mar 2019
Congratulations to Mr. Peter Mihok, SRCIC First Honorary Chairman, for the second time he won the award"Most Congenial Personality of Slovak Politics and Society inquiry". This survey is organizedin Slovakia by the Informal Economic Forum "Economic Club" and the ranking is based on the voting of 325 most important Slovak personalities. The award is in recognition ofMr. Mihok's admirable contributions and tremendous influence on politics and society in Slovakia.
SRCIC Vice Chairman and Secretary General Li Zhonghang attends China Development Forum 2019
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SRCIC Vice Chairman and Secretary General Li Zhonghang attends China Development Forum 2019
25 Mar 2019
On March 23, 2019,SRCIC Vice Chairman and Secretary General Li Zhonghang attended China Development Forum (CDF) 2019, hosted by the Development Research Centre of the State Council (DRC) and organized by the China Development Research Foundation (CDRF), at the Diaoyutai State Guesthouse in Beijing. Themed with Greater Opening-up for Win-Win Cooperation, the CDF is committed to Engaging with the World for Common Prosperity. It is the first national-leveled international conference after the Two Sessions in China, namely the National People's Congress (NPC) and the Chinese People's Political Consultative Conference (CPPCC) which provides a platform for the Chinese government, global business community, multilateral international organizations and academia to enhance exchanges and to promote dialogues. Chinese Vice Premier Han Zheng addresses the opening ceremony Chinese Vice Premier of the State Council Han Zheng attended the opening ceremony and delivered a speech. Ning Jizhe, Deputy Director of the National Development and Reform Commission of China, Liu Kun, China's Minister of Finance, Yi Gang, head of the People’s Bank of China also gave the speeches at the CDF. More than 150 international representatives attended the forum including 96 executives from Fortune 500 companies and global industry leaders, and nearly 30 internationally renowned scholars. SRCIC Vice Chairman Li Zhonghang talks withCDRF Vice Chairman and Secretary General Lu Mai At the forum, SRCIC and CDRF had an in-depth exchange of views on strengthening exchanges and communication in the future and establishing a working contact mechanism.
Cambodian PM to attend 2nd Belt and Road Forum in China
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Cambodian PM to attend 2nd Belt and Road Forum in China
23 Apr 2019
Cambodian Prime Minister Samdech Techo Hun Sen will lead a high-level delegation to attend the second Belt and Road Forum for International Cooperation (BRF) in Beijing, capital of China, from Thursday to Saturday, said a foreign ministry's statement on Monday. At the high-level meeting of the second BRF on Friday, Hun Sen will deliver an address on the forum's theme "Belt and Road Cooperation, Shaping a Brighter Shared Future," the statement said. He will share his perspective on the theme "Boosting Connectivity to Explore New Sources of Growth" at the leader's roundtable session on the following day, it added. A number of documents on Chinese assistance and cooperation projects are expected to be signed during this visit, the statement said. After his participation in the second BRF, the Cambodian prime minister together with other heads of states and governments will attend the opening ceremony of the International Horticultural Exhibition 2019, where he will also inaugurate the national pavilion of Cambodia, it said. In addition, Hun Sen will address a gathering of professors and students at the Beijing University where he will be conferred the title of "Honorary Professor of International Relations." According to the statement, Hun Sen's entourage will include Deputy Prime Minister Hor Namhong, Foreign Minister Prak Sokhonn, Economy and Finance Minister Aun Pornmoniroth, Transport Minister Sun Chanthol, Agriculture Minister Veng Sakhon, Commerce Minister Pan Sorasak, Health Minister Mam Bunheng and Tourism Minister Thong Khon. Source:Xinhua News Agency
Xi to address Belt and Road forum next week: FM
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Xi to address Belt and Road forum next week: FM
22 Apr 2019
Chinese State Councilor and Foreign Minister Wang Yi (C) speaks during a press briefing for the second Belt and Road Forum for International Cooperation (BRF) in Beijing, capital of China, April 19, 2019. (Xinhua/Zhai Jianlan) Chinese President Xi Jinping will deliver a keynote speech at the second Belt and Road Forum for International Cooperation (BRF) to be held from April 25 to 27 in Beijing, State Councilor and Foreign Minister Wang Yi announced Friday. Leaders including heads of state and government from 37 countries will attend the forum's roundtable summit, Wang told a press briefing. Wang said 12 thematic forums and a CEO conference would be held on April 25, the opening ceremony and a high-level meeting on April 26, and the leaders' roundtable on April 27. Xi will attend the opening ceremony and deliver a keynote speech. He will also chair the leaders' roundtable and brief media from home and abroad about the outcomes after the roundtable, Wang said, adding that Xi and his wife Peng Liyuan will also hold a welcoming banquet for the leaders and representatives. According to Wang, the 37 countries are Austria, Azerbaijan, Belarus, Brunei, Cambodia, Chile, Cyprus, Czech Republic, Djibouti, Egypt, Ethiopia, Greece, Hungary, Indonesia, Italy, Kazakhstan, Kenya, Kyrgyzstan, Laos, Malaysia, Mongolia, Mozambique, Myanmar, Nepal, Pakistan, Papua New Guinea, the Philippines, Portugal, Russia, Serbia, Singapore, Switzerland, Tajikistan, Thailand, the United Arab Emirates, Uzbekistan and Vietnam. The secretary-general of the United Nations and the managing director of the International Monetary Fund will attend the forum, Wang said, adding that senior representatives of France, Germany, Britain, Spain, Japan, the Republic of Korea and the European Union will also participate. Noting that the BRF is the top-level platform for international cooperation under the framework of the Belt and Road Initiative, Wang said the conference next week would be of landmark significance. The theme of the second BRF is "Belt and Road Cooperation, Shaping a Brighter Shared Future." Wang said the main purpose is to promote the high-quality development of Belt and Road cooperation, which is the common aspiration of countries participating in the initiative. Speaking highly of the fruitful results yielded since the initiative was launched in 2013, Wang said the second BRF was greatly welcomed worldwide with some 5,000 participants from more than 150 countries and 90 international organizations having confirmed their attendance, covering areas from five continents and different walks of life such as government, civil society, business and academia. According to Wang, this year's forum will have 12 thematic forums, twice of that during the first forum in 2017, and the CEO conference will be held for the first time. A joint communique will be released after the leaders' roundtable and other consensus reached during the forum will be issued in a report. The Belt and Road Initiative, proposed by Xi in 2013, aims at enhancing all-around connectivity through infrastructure construction, exploring new driving force for the world economic growth, and building a new platform for world economic cooperation, according to Wang. Stressing that Xi and leaders from other countries blueprinted the initiative in 2017, Wang said the progress in the past two years shows that the initiative conforms to the trend of the times featuring peace, development, cooperation and win-win and accords with the common aspiration of openness and joint development of all countries. "As the host country, we will maintain close communication and coordination with all parties to prepare for the forum with openness, inclusiveness and transparency, upholding the principle of consultation and cooperation for shared benefits," Wang said. Wang said China will showcase the outcomes and introduce the measures of its reform and opening-up to the world, adding that this will allow China to share the dividends of its economic growth, promote the Belt and Road Initiative, and bring more opportunities to the development of all countries as well as the building of the Belt and Road. Source:Xinhua News Agency
34 countries signed MoU under BRI multilateral tax system
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34 countries signed MoU under BRI multilateral tax system
19 Apr 2019
A multilateral tax cooperation mechanism under the Belt and Road Initiative was established on Thursday in Wuzhen, Zhejiang province. It aims to facilitate cross-border trade and investment along BRI routes by helping resolve tax disputes. The nonprofit mechanism, the Belt and Road Initiative Tax Administration Cooperation Mechanism, or BRITACOM, includes tax authorities from 34 countries and regions. Participating parties signed a memorandum of understanding and become council members on Thursday, including those from Kazakhstan, Uruguay and Nigeria. Another 11 tax authorities from Italy, Greece, Iran, Saudi Arabia and New Zealand, among others, joined the mechanism as observers, and will have advisory roles. Expanding tax dispute resolution activities, increasing transparency, streamlining compliance and digitizing filing are some of the key tasks that the mechanism will act upon going forward. To help facilitate these goals, an office will be opened in Beijing. Members agreed that the mechanism is in response to calls by G20 leaders for a fair, transparent and modern tax system that ultimately contributes to the fulfillment of the United Nation's 2030 Agenda for Sustainable Development. Wang Jun, commissioner of China's State Taxation Administration, was elected chairman of the mechanism's council. He suggested that members jointly enhance tax administration capacity and build a growth-friendly tax environment. In order to improve the business environment, the Chinese government has launched a series of measures to continually reduce burdens for taxpayers, and the annual plan for 2019 is to cut 2 trillion yuan ($300 billion) in taxes and fees. "Effects have been seen recently. In the first two months, 182.85 billion yuan in taxes and fees were further reduced," Wang said. "The Chinese tax authority will do all it can to achieve the target." "International tax cooperation is not and has never been easy. But we do need a multilateral approach," said Vitor Gaspar, director of the Fiscal Affairs Department at the International Monetary Fund. "BRITACOM has a role to play in fostering a multilateral cooperation approach to taxes, and it can help tax administrations share best practices and build a foundation for cooperation," Gaspar said. Collaboration between the tax administrations of BRI countries can lead to the pooling of skills and expertise on tax collection. It can also strengthen national tax rules in areas such as withholding tax, transfer pricing and dispute resolution to ensure that fair amounts of taxes are collected, said Daniel Witt, president of the International Tax and Investment Center. "BRI countries should be careful not to create barriers to investment, and the priority should be to look at practical solutions to remove complexities and compliance burdens on tax administrations and taxpayers," Witt added. To serve the BRI, Liao Tizhong, director-general of the International Taxation Department, State Taxation Administration, said China has expanded a tax treaty network to cover 95 countries and regions. The number of foreign companies from BRI countries that invest in China and pay annual taxes of more than 5 million yuan reached 1,205 in 2018. Their average revenue growth stood 8.1 percent, and their fixed-asset investment increased by 11.3 percent year-on-year. Source:China Daily
China-constructed multipurpose project achieves breakthrough in Nepal
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China-constructed multipurpose project achieves breakthrough in Nepal
18 Apr 2019
Nepalese Prime Minister KP Sharma Oli (C) attends the ceremony celebrating the breakthrough of the 12.2 km tunnel of Bheri Babai Diversion Multipurpose Project (BBDMP) in Surkhet district of Karnali Province in western Nepal, on April 16, 2019. (Xinhua/Zhou Shengping) Celebrating the breakthrough of a national project constructed by China, Nepali leaders and officials said here Tuesday that the project has supported the country's determination to realize its national dream "Prosperous Nepal and Happy Nepali." As the first of its kind of inter-basin water transfer project, the main part of Bheri Babai Diversion Multipurpose Project (BBDMP) has been completed almost one year earlier than its original duration. The 12.2 km tunnel on the bank of Bheri River, which is famous for its resourceful water, is located in Surkhet district of Karnali Province in western Nepal. Prime Minister KP Sharma Oli said at a ceremony attended by Chinese ambassador to Nepal Hou Yanqi and U.S. ambassador Randy Berry that "Nepal is now ready to walk and work together with the international community towards the new direction of development." Expressing gratitude to the Chinese contractor for the successful completion of the project despite of geographical challenges, Oli shared that Nepal welcomes the use of new technology in other multipurpose projects as well. According to the Chinese ambassador, the success of the project is a result of international cooperation, characterized by the Tunnel Boring Machine (TBM) manufactured by America and the design and construction completed by Chinese contractor, China Overseas Engineering Group Co. Ltd. Through a 12.2 Km long tunnel constructed by TBM technology, the first practice in one of the least developed countries, this 107 million U.S. dollar project will provide irrigation facility to 51,000 hectares of land in Banke and Bardiya districts. Minister for Energy, Water Resources and Irrigation Barsha Man Pun termed the use of this globally advanced technology as a historical revolution for the tunnel construction. "The project has boosted the confidence of our government to expand this technology in other multipurpose projects for the speedy completion," Pun told around 2,000 participants, requesting the development partners to provide technical and financial assistance. The irrigation-cum-hydroelectric project is one of the strategic projects of the country that is in dire need to ease the food crisis in the region by increasing agricultural yield. Mahnedra Bahadur Shahi, Chief Minister of Karnali Province expressed that this province enriched with many natural resources, is hopeful to resolve both the food insecurity and poverty, alarming issues with the full completion of the multipurpose project which includes a 48 MW hydro power plant that is supposed to be built in the second phase. Speakers of the program highly praised the Chinese contractor as the project, which was inaugurated in 2015, has been able to be done one year before the deadline. Sanjeeb Baral, project director from Nepal side, said that the early success has opened a new dimension for other development projects despite of fragile geography. According to the project's supervision contractor based in Italy, the dedication of the Chinese contractor, besides the TBM technology, is the major reason behind the successful story. "It is the good attitude and willingness of the Chinese company, which made the project complete early," Arun Sharma, a Nepali engineering consultant serving the Italian company, told Xinhua on the spot. Source:Xinhua News Agency
Report reveals benefits and concerns of BRI port projects
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Report reveals benefits and concerns of BRI port projects
16 Apr 2019
The port of Piraeus in Greece is an example of a BRI success story. (China Daily) China's investment volume in global ports has skyrocketed since the launch of Belt and Road Initiative but faces risks and challenges amid the fair share of controversy and turbulent political arena and financial markets, according to a report newly released by Grandview Institution, one of the most well-known independent think tanks in China. Grandview Institution conducted the detailed survey of 42 overseas port projects invested by Chinese enterprises and interviewed a number of experts and business representatives engaged in overseas ports construction and operation. Five years on, Chinese companies have participated in the construction and operation of a total of 42 ports in 34 countries involved in the Belt and Road Initiative launched in 2013, according to China's Ministry of Transport. Ren Libo, founder and president of Grandview Institution, briefly introduced China's overseas port expansion projects and said a flood of Chinese investment helped to rejuvenate some of these ports. The super-sized container ship Cosco Shipping Virgo, which has a deck area as large as four football fields, was delivered by Shanghai Waigaoqiao Shipbuilding Co at a port on May 29, 2018. (chinadaily.com.cn) In Piraeus Port in Greece, for example, Chinese investment in 2016 led to increased trade: Piraeus was ranked seventh in Europe in 2017 by container throughput - up from eighth the year before - and leaped from the world's 93rd largest container port in 2010 to 36th in 2017. Piraeus' success gives a snapshot of the immense business potential possible through growing trade and connectivity between China and Europe, highlighted by the Belt and Road Initiative, also known as BRI. Despite abundant opportunities, the initiative is not free from concerns and challenges. According to the report, one of the challenges is the need to expand the local element of BRI projects to address concerns that China's supply chain stands to benefit more than host states from infrastructure projects. "Partnerships with local firms, known for their intimate knowledge of the domestic business environment, would be ideal," said Zhang Yunling, director of international studies at the Chinese Academy of Social Sciences, in Beijing. Wherever possible, Chinese contractors should source inputs such as labor, materials, and provisions locally, to better contribute to local economies, according to the report. Another challenge is some anti-China bias like labeling the Belt and Road Initiative a "debt trap" that China is laying by offering huge loans to countries already under a debt burden. MV Cosco Netherlands, a giant container ship carrying Chinese-made commodities, arrives at Piraeus Port in Greece in August. (China Daily/Jiang Chenglong) But the report said much of these criticisms were unfounded."The investment of enterprises is a commercial behavior based on the law of market economy, but not a reflection of the will of country," according to the report. As the Belt and Road enters its sixth year, China is likely to progress in the ability to manage evolving challenges to the initiative, thus it is important to take stock of the critical challenges for the BRI as it enters its sixth year. Source:chinadaily.com.cn
Premier Li proposes multiple measures for future China-CEEC cooperation
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Premier Li proposes multiple measures for future China-CEEC cooperation
15 Apr 2019
Chinese Premier Li Keqiang (front) attends the eighth leaders' meeting of China and Central and Eastern European Countries (CEEC) in Dubrovnik, Croatia, April 12, 2019. (Xinhua/Shen Hong) Chinese Premier Li Keqiang on Friday proposed a series of measures to promote cooperation between China and Central and Eastern European Countries (CEECs). Li made the proposal when addressing the eighth China-CEEC leaders' meeting in the Croatian city of Dubrovnik. Li noted that Chinese President Xi Jinping recently made successful visits to three European countries, injecting new impetus into deepening development of the China-European Union (EU) comprehensive strategic partnership. As part of the China-EU relations, the China-CEEC cooperation mechanism has been conducive to promoting European integration process and advancing the China-EU ties, the premier said. On future development of the China-CEEC cooperation, Li called for jointly defending multilateral trade system, upholding such basic principle as openness, transparency, inclusiveness and non-discrimination, and sticking to the direction of trade liberalization. On expanding trade volume, Li said China is willing to import more high-quality agricultural products from the CEECs and make it easier for such products to be exported to China. Calling for joint efforts to build the Belt and Road, the premier said China is willing to enhance the alignment between its development strategies and those of the CEECs, stick to the principles of extensive consultation, joint contribution and shared benefits, and better draw on complementary advantages, so as to achieve win-win results and common prosperity. Urging greater efforts to boost innovation cooperation, Li said China is willing to work with the 16 countries to conduct joint research, expand scientific and technological exchanges, and cultivate growth points through innovation cooperation. The premier also stressed the importance of jointly safeguarding a fair, just and non-discriminatory market environment. Li also called for continued efforts to promote cooperation in the fields of small and medium-sized enterprises (SMEs) and industrial park building, adding that China and the CEECs have held cross-border matching events of SMEs, and launched a website for the SMEs coordination mechanism. On their part, CEEC leaders said, after the launch of the cooperation mechanism, the CEECs and China have seen their pragmatic cooperation bearing remarkable fruits, political mutual trust continuously strengthened, trade and investment rapidly growing, and cooperation in fields including education, tourism and culture continuously deepened. The cooperation mechanism has continuously shown new vigor and vitality and become an important cross-region cooperation platform featuring openness, inclusiveness, mutual benefits and win-win results, they said. The mechanism has not only boosted economic growth of each country and enhanced the wellbeing of their people, but also effectively promoted the overall EU-China relations, they said. All sides are ready to take this meeting as an opportunity to fully support the implementation of CEEC-China cooperation projects, further promote connectivity and infrastructure building, actively participate in the joint building of the Belt and Road, continuously expand trade volume, jointly safeguard multilateralism and free trade, increase personnel exchanges, and expand exchanges and cooperation at local levels and in fields including tourism, health, sports, and think tanks, the CEEC leaders said. After the meeting, China and the CEECs jointly published The Dubrovnik Guidelines for Cooperation between China and Central and Eastern European Countries, and the leaders witnessed the signing of more than 10 cooperation agreements. Later on Friday, Li and Croatian Prime Minister Andrej Plenkovic met the press after the leaders' meeting. Both leaders spoke highly of the new progress made in the China-CEEC cooperation and called the meeting efficient, pragmatic, fruitful and successful. Speaking to reporters, Li said, faced with the current complicated international situations, all sides should work to safeguard multilateralism and free trade. Source:Xinhua News Agency
SMEs Cross-Border Matchmaking Event organized by SRCIC member CSEBA
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SMEs Cross-Border Matchmaking Event organized by SRCIC member CSEBA
18 Apr 2019
On April 12 , 2019, the 8thSummit of Central and Eastern European Countries (CEEC) and China was held in Dubrovnik City, Croatia. It gathered political leaders of 17 countries, during which PM Li Keqiang proposed a series of measures to further promote cooperation between China and CEE countries. During the 8th CEEC & China Summit in Dubrovnik, at the same venue, the 9th Business Forum of CEEC & China was held on April 11-12. Over 1,000 participants from 30 countries participated in the SMEs Cross-Border Matchmaking Event with active participation, preparation and organization from Chinese Southeast European Business Association (CSEBA). Numerous numbers of CSEBA members and partners have actively participated in B2B meetings with Chinese enterprises which included representatives from Bank of China, CRBC, CCCC, Norinco, Sinosure, Huawei, Geely, China Railway, Exim Bank, COSCO, China Energy, China Development Bank, ZTE and over 100 other enterprises from all over China. CSEBA, as a member of the Silk Road Chamber of Commerce (SRCIC) since the 2017, used the opportunity to promote cooperation with SRCIC amongst enterprises in CEE countries. Dubrovnik event, and the visit of PM Li Keqiang provided a perfect chance to further promote economic cooperation with PR China, and one of the most valuable platforms for development of this cooperation is SRCIC. CSEBA helped significantly in the media promotion of this event, that attracted over 100 journalists from Croatia, China and other countries. Several agreements have been signed at the 9th Business Forum of CEEC & China between Croatia and China. The Kantrida Stadium and Top International Engineering Corporation (TIEC) signed a cooperation on the project for the construction of the new football stadium in Rijeka. Cooperation has been signed on development of railway infrastructure in Croatia between Croatian Railway Infrastructure Co., China Railway Eryuan Engineering and CRBC. The Ministry of Health signed a letter of intent with the Chinese pharmaceutical firm Sinopharm. Faculty of Civil Engineering in Zagreb and the CRBC signed cooperation on student mobility and knowledge exchange. Two private companies signed a cooperation on renewable energy projects. Metamorphosis and Shanghai Everglow Management Partners will open a Museum of Illusions in China. Many CEEC Region companies found new contacts amongst more than 100 Chinese enterprises during B2B Matchmaking Meetings. On the margin of the “16+1” Summit, CSEBA organized visiting tours for CSEBA's partners from China to the main investment locations in Croatia. Kumrovec, the birthplace of Tito, and Krapinske Toplice, Croatia's best medical tourism destination, are the most promising area for investments into congress and medical tourism. Investment projects include the building of the new congress center, several hotels, wellness and spa centre, and other supporting facilities. CSEBA, as a partner of SRCIC, continues to promote bilateral and economic cooperation with China, and would like to congratulate SRCIC for the results of the Silk Road initiative during the last year. Source: fromCSEBA
View on Chinese Premier Li Keqiang's visit to Croatia: President of CSEBA
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View on Chinese Premier Li Keqiang's visit to Croatia: President of CSEBA
18 Apr 2019
On April 10, 2019, Mario Rendulic, President of Chinese Southeast European Business Association (CSEBA), also member of Silk Road Chamber of International Commerce, received an interview by N1 Television. Mr. Mario expressed his views on Premier Li Keqiang's visit to Croatia and the promotion of cooperation between China and Croatia in the fields of transportation, ports and tourism. The full text is as follows: Journalist: We welcome Mario Rendulic, President of Chinese Southeast European Business Association. Welcome. Mario: Good day, thank you for having me here. Journalist: You have a lot of experience with China. First I would like you to comment on what happened today. 6 contracts have been signed between Croatia and China. Both sides have said that this means new momentum in economic cooperation. Mario: When Chinese side offers contracts or memorandums to sign, especially if it is related to the government, then this is definitely an important matter. It puts a new light on cooperation between China and Croatia. Journalist: Infrastructure projects have been especially emphasised, for example the Peljesac Bridge where Chinese company is the main contractor. However, now we have heard that Chinese side is also interested in these kind of projects as an investing side, like in a railway construction project Rijeka-Zagreb that could be offered for concession for a period of 50 years. Mario: First of all, this is a big breakthrough for Croatian government, which showed that there could be several different models for investments in Croatia. For example Rijeka- Zagreb railway line, to Budapest, would definitely be of interest for China, since it would be considered as further development of the New Silk Road, the initiative that we have heard a lot about these days. Concession would be a good model since European Funds are not so large or yielding, while Chinese could take the role of investors in this case. This would be a new financing model in Croatia that we should welcome. Journalist: How do you comment the situation about Uljanik Shipyard, whether or not there is currently an interest there from big Chinese shipyards? We know that Chinese shipyards have survived difficult times in the market, unlike European ones, and were able to adapt to new market conditions. Mario: China is a large country, large market. They were able to adapt quickly to any change in the market, and they have recognized these changes in time. Shipbuilding is now much different industry than it was years back, especially for Croatian shipyards that are still using technologies and business models the same way as they did 27 or 30 years ago. When talking about big Chinese shipyards, they have been familiar with the situation in Croatia since 5 years ago. Our association, CSEBA has been going to China and presenting Croatian shipyards. Big Chinese shipyards have shown interest in cooperation and I am sure that in this case Croatian Minister of Transport is going to share the news when any kind of agreement with the Chinese side will be reached. Journalist: When talking about seaports, you have been directly involved in the investment process in the Zadar Port. We also have another major port, the Port of Rijeka. Mario: When talking about Rijeka Port, it already has some cooperation with China, more specifically container terminal and Chinese COSCO, the world’s biggest shipping company, and also the owner of several European ports. They are already strongly present in the European market, and Rijeka could be interesting for them. In the Zadar Port, Croatian government is currently building the new container terminal but with limited capacity. In the Zadar Port, major shareholders are Chinese, and with international consultants they are currently planning further investments, to most effectively use the potentials of the Zadar Port. We believe Zadar Port will specialize in the bulk cargo and grains since it already has access to these facilities and direct access to the highway. Zadar Port definitely has a bright future, and we believe Chinese owners will increase these capacities very soon. Journalist: There were certain problems during the takeover of the Zadar Port. Has this shaken the confidence of Chinese investors? Mario: The takeover process definitely wasn’t easy, there were some obstructions and legal procedures. Moreover, there were also changes in the Chinese monetary policy that made limitations to Chinese investors and made it more difficult for them to make international investments. This is something that people in Croatia don’t know. It isn’t easy for Chinese investors to make payments abroad, it is necessary that each investment has a Chinese government support. In the end, we were successful, and in time. Chinese investors were not discouraged, and we can see that many new potential investors have come here to Croatia in the company of Chinese Prime Minister. All that PM Li Keqiang has said show that Chinese offer deep and strong cooperation, and that we will be able to see concrete results by the end of this year. Journalist: China has already entered and is present in Serbia for quite some time now. They are not members of the European Union, unlike us. Do you expect some problems in that regard, is the EU going to see negatively Croatia’s cooperation with China? Mario: We can look at this situation from another angle. Public should know that the most of Chinese investments into Europe have gone to Germany and France. Investments to Serbia and Montenegro are only a small percentage of Chinese investments in Europe. European Union currently controls and limits the development of its smaller members, especially to the east of Europe, mostly for its internal interests. Journalist: Yes, quite hypocritical on their part. Chancellor Merkel even said that China is only TRYING to revitalise the ancient Silk Road. Mario: However, you should know that the final destination, or railway line, of that Silk Road is actually in Germany. When looking at the main corridor from China to Europe, it starts in Chongqing, China, goes through Kazakhstan and Russia, and finally ends in Germany. So, Germany definitely has the strongest interest in rebuilding of this Silk Road, also considering that Germany is the biggest trade partner of China within Europe. France also took many loans from China recently. We should consider this, and think for ourselves, consider what is good for us. I am sure, Croatian government that made big improvements in bilateral relations with China, especially during the PM Plenkovic term, will use the opportunity when Croatia will take over the Presidency of the Council of the European Union, and create space for itself to cooperate strongly with China and attract more Chinese investments. Journalist: This would definitely be good for protection of our national interests, not only thinking about European interests. Mario: You could see Italy recently, media was covering it closely. Italy criticised this European practice and decided to make a step in another direction by joining the Silk Road initiative, which will be an impressive thing. Journalist: You personally have been very active in rebuilding this new Silk Road, helping in establishing cooperation with China, especially in tourism. Tourism is showing to be very interesting to Chinese, there is over 250,000 of arrivals last year from China, and expecting to have over 300,000 this year. Mario: Over 5 years ago, CSEBA has started with the tourism promotion in China. We participated in many important tourism conferences and expos. We have made over 4,000 hours of video materials about Croatia that we have showed in China, since there was no suitable promotion materials that would be adequate for Chinese market. We are constant participants and partners at many of these events, somewhere independently, and somewhere in cooperation with the Ministry of Tourism and Croatian Embassy in Beijing. We have established successful cooperation and this brought great results since, when we have started, only 60,000 Chinese tourists were visiting Croatia, and now there is 250,000. At this time, with our Chinese partners, we are working on development projects in the medical tourism sector. This would bring not only traditional tourists that come during summer months, but also come throughout the year. Chinese tourists are this kind of travellers that enjoy travelling before and after the summer months, and we think this is a very good opportunity since many hotels in Croatia are empty outside the high season. Journalist: I suppose you are not talking about the seaside destinations here, since you have made some steps in bringing investments to the continental part of Croatia. Mario: Central Croatia, Krapina-Zagorje Region, more specifically Krapinske Spa and Kumrovec Town are interesting locations for Chinese investments. Media have already shown our activities there, where investors plan to purchase the old Political School building in Kumrovec. We are talking about developing additional hotel capacities, while in Krapinske Spa we want to further develop medical and health tourism facilities and hotel capacities specialised in these kind of services. Krapinske Spa Town has 4 specialised hospitals which is very rare for a town of such small size, extremely convenient, and also the Spa thermal waters. Investors have recognised this, and investment projects are being finalized. Journalist: How are Chinese handling with Croatian bureaucracy? Mario: This is an ongoing process… Journalist: Probably in China is much easier and more simple? We imagine Chinese people as hardworking people that solve things much faster. Mario: This is true on one side. Also, legal procedures are a bit different in China. Procedures for getting building permits are simpler in China, while in Croatia procedures take longer. However, I see Croatian government taking steps into the right direction. I would not say that bureaucracy is slow in Croatia, since most of the paperwork that we need to do here, we actually get quite fast. Must faster than it was 15 years ago here. Journalist: I also need to ask you about two more sectors, IT industry and agriculture, two very different sectors. Yesterday we saw signing of memorandum of cooperation in the IT industry. Agriculture on the other hand, it seems that it will be difficult to achieve significant exports to China in that sector. Mario: 4 years ago, CSEBA signed cooperation agreement with China Agriculture University, and presented them our sorts of wheat grains that could grow in China. This year, China sent a few delegations that checked food producers and companies in Croatia. Chinese authority for food import is currently working of permits and certificates for some of our products, and we can say that the interest is huge. East Croatia, Slavonia, has capabilities to produce huge amounts of healthy food, and our delegations from China can not believe that Croatia is not using this potential. Healthy food products are very popular in China currently, prices are high. Consumers are willing to spent a lot even with high transport costs. When we go to China, we always bring authentic Croatian products, and Chinese love it a lot. About IT sector, many people are looking at Huawei, but there are dozens of other Chinese brands that are capable to become successful worldwide. Internet technology and fast networks are developing fast in China. Many Chinese companies are willing to start production in Europe using Chinese technology, which would be a significant step forward. This Summit 16+1 has brought much attention to us now from China, and we should be glad for all the cooperation that is starting now, and that there will also be much opportunities for cooperation even after the Summit. Journalist: Summit starts tomorrow, there will be plenty of opportunities, B2B meetings. Thank you for this interview, and we will have time to analyse after all finishes.
April Star: CSEBA from Croatia
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April Star: CSEBA from Croatia
2 Apr 2019
Monthly Star Sincethe establishment in 2015, SRCIC has 129 organizational members from 77 countries, including state-level and regional chambers of commerce and millions of affiliated enterprises, covering Asia, Europe, Africa, Latin America, and Oceania. In response to the upcoming Belt and Road Forum for International Cooperation, SRCIC official website will launch the Monthly Star column presenting one of its members monthly for sharingthe basic information, resources advantage and cooperative projects. At the invitation of Prime Minister Andrej Plenković of Croatia, from April 8 to 12, Chinese Premier Li Keqiang of the State Council will travel to Brussels, Belgium for the 21st China-EU Leaders' Meeting and to Croatia for an official visit and the 8th China-CEEC Summit. SRCICmember-Chinese Southeast European Business Association (CSEBA)will participate in the relevant activities and businesses. Therefore, CSEBA is recommended as the April Star. CSEBA CSEBAwas established in 2013 with a full support of the Government of the People's Republic of China.Headquarters of CSEBA are located in Zagreb, capital city of Croatia, where all relevant information is collected and evaluated by professional managers. CSEBA started with a mission to provide the basis for economic and financial cooperation between PR China and the countries of South-Eastern Europe, including: Croatia, Bosnia and Herzegovina, Serbia, Slovenia, Montenegro, FYR of Macedonia, Romania, Bulgaria and Albania. CSEBA is cooperating with independent consultants, professionals in various sectors, government institutions and law firms in all the countries mentioned, ultimately forming a consulting mechanism working on the principle of client's requirement that is able to provide operative support (information, legal support, logistics, business strategy) at the local level in each country. For more information, please view the detailed introduction ofCSEBA.
China-Lebanon Investment Forum
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China-Lebanon Investment Forum
2 Apr 2019
On March 30, China-Lebanon Investment Forum organized by the China Council for the Promotion of International Trade (CCPIT), the Fransabank Group, and the Federation of Lebanese Chambers of Commerce, Industry and Agriculture, was held at the Adnan Kassar Building for Arab Economy in Beirut, Lebanon. Representatives of economic bodies and business executives from Lebanon and China attended the opening session. The two countries signed two memorandums of understanding for promotion of Chinese investment and collaboration on Lebanon's industrial zones and the creation of the China Arab Arbitration Center. Gao Yan, Chairwoman of CCPIT speaks at the Forum that "CCPIT in Lebanon will cooperate with Lebanese chambers to improve commercial and trade ties between Lebanon and China". She also called upon Chinese companies to invest in Lebanon's industrial zones. Gao's remarks aimed at drawing a roadmap for the future of cooperation between Lebanon and China on various levels. Adnan Kassar, Honorary Chairman of SRCIC, Chairman of Fransabank Group and Honorary Chairman of Union of Arab Chambers described the initiatives taken during the event as a new official beginning for building strong Lebanese-Chinese relations. Meanwhile, Lebanese Telecommunications Minister Mohammad Choucair, representing Prime Minister Saad Hariri, said that Lebanon hopes to create trade balance with China. Wang Kejian, Chinese Ambassador to Lebanon, stressed the importance of activating cooperation between China and Lebanon. "The exchange of expertise and cooperation on the basis of mutual benefit and deepening cooperation contribute to supporting economic and social growth in Lebanon," Kejian added. He expressed his country's keenness on strengthening coordination with the Lebanese government in politics and economy, and its readiness to support the efforts exerted by Lebanon and the countries of the region to preserve its sovereignty, security and stability. Source: Xinhua
Nepal Investment Summit 2019
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Nepal Investment Summit 2019
2 Apr 2019
On March 29, 2019,the Nepal Investment Summit 2019, which is co-organized by Federation of Nepalese Chamber of Commerce & Industry (FNCCI) and Nepal Chamber of Commerce (NCC) attracted over 600 foreign delegates (265 from China, 120 from India) from 40 countries to participate in. The main objective of the event is to project Nepal as a favorable investment destination by unveiling potential opportunities for investment in the sectors such as Energy, Tourism, Industry, Transport Infrastructure, Information and Communication Technology, and Agriculture. In addition, the Government will use this unique forum to unfold a range of policy reforms and incentives to attract investors. Moreover, the Summit will provide a platform for global investors to deepen their understanding of the investment environment and opportunities in Nepal. Minister for Finance and Convener Yuba Raj Khatiwada welcomes foreign delegates participating the two-day Nepal Investment Summit 2019 Minister for Finance and Convener Yubaraj Khatiwada announced the commencement of the summit with a welcome speech. Prime Minister KP Sharma Oli addressed the event after the inaugural session of the summit being held at Hotel Soaltee in Kathmandu. NCC President Rajesh Kazi Shrestha and FNCCI President Bhawani Mishra Rana are Vice Chairs of SRCIC
The importance of the Belt and Road Initiative to Globalization 2.0: Gloria Macapagal Arroyo
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The importance of the Belt and Road Initiative to Globalization 2.0: Gloria Macapagal Arroyo
29 Mar 2019
Gloria Macapagal Arroyo, member of the Board of Directors of the Boao Forum for Asia, Speaker of the House of Representatives of the Philippines, and former President of the Philippines, on 27 March stressed the importance of the Belt and Road Initiative to Globalization 2.0, she said, trade agreements are like the "software" to the liberalization of trade, but we also need the "hardware"- the infrastructure support provided by the Belt and Road Initiative - without which, global trade and investment cannot flourish, "that is the role of the Belt and Road (Initiative), providing the 'hardware' for the opening and the reform of the 'software'," according to Arroyo. "It is now China that is developing into a champion of openness and globalization, and that I think all goes well for Asia and for the continuation of the global trade system." She added, China is working on a win-win development of a shared future, so China's rising is also good for the world, and if we look at the 70 years since the founding of new China and the 40 years of China's reform and opening-up, we can see that China has given the whole world a lesson that there is not just one path for development, each country can has its own model of development based on its own historical experience and uniqueness. Arroyo further pointed out, the world should see China's rising as an opportunity rather than a threat, for instance, the Philippines has realized China is its partner in development, now China has become the Philippines' number one trading partner. China, as a market, a donor, a source of capital and technology, is investing a lot in the Philippines, not only through projects but also manufacturing, services and technology. When discussed the significance of China's reform and opening-up, she mentioned the importance of technology, she said, "I believe that one of the reasons for China's rapid transformation is its emphasis on thestate-of-the-arttechnology, and that is way back in 1977 when Deng Xiaoping said that technology would be the basis of China's development. And now, as far as the Philippines' concern, that is what we'd like to get from China: capital and technology." As a member of the Board of Directors of the Boao Forum for Asia, Arroyo elaborated why the Forum is very important to her, because the Forum gives an opportunity to the leaders of government, business, and society, who are engaging Asia, to step back from pressing concerns and look at the longer term and larger issues. And that is also what the value of the Forum is. At last, Arroyo encouraged the young people: I'm hopeful about the future, young people, you are going to be good leaders when your generation has its turn. Gloria Macapagal Arroyo is also permanent Honorary Chairman of the Philippine Silk Road International Chamber of Commerce (PSRICC). Source: Boao Forum for Asia
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