2019 sets strategic course to sustain steady growth of China-Philippines ties: Chinese ambassador
2019 sets strategic course to sustain steady growth of China-Philippines ties: Chinese ambassador
17 Jan 2020
The year 2019 set the strategic course for the steady growth of the relations between China and the Philippines, the Chinese Ambassador to the Philippines Huang Xilian said on Wednesday. "The year 2019 witnessed the sustained betterment and growth of China-Philippines relations," Huang said in a speech at the reception to celebrate the Chinese lunar new year. He said China is now the Philippines' top trading partner, the second-largest source of tourists and one of the largest investors. Last year more than 1.5 million Chinese nationals visited the Philippines, the Chinese ambassador said. "We have been actively synergizing (China's) Belt and Road Initiative and the 'Build, Build, Build' Plan (of the Philippines) and supporting the development of the Philippines. I am sure as more and more Chinese projects are launched and completed, they will bring more tangible benefits to the Philippine people." According to Huang, important bilateral mechanisms including the Bilateral Consultation Mechanism on the South China Sea (BCM) "are working well." The consultation on the Code of Conduct in the South China Sea with the Philippines which serves as the country coordinator of China-ASEAN dialogue relations, has been steadily moving forward, contributing to the peace and stability of the region and beyond, he added. For the first time in history, a China Coast Guard (CCG) vessel is paying a port call in the Philippines, conveying the message of friendship, cooperation and goodwill, the Chinese ambassador said. A CCG ship, coded 5204, arrived in Manila on Tuesday for a four-day port call aimed at enhancing maritime cooperation between the two neighboring countries. All the progress could not be achieved without the support and contribution made by the Philippine friends and the Chinese community in the Philippines, Huang said. "Let's seize the day and live it to the full to work for the greater development of both countries as well as the sustained growth of our bilateral ties," he concluded. Source: Xinhua
China's trade with BRI countries booms in 2019
China's trade with BRI countries booms in 2019
15 Jan 2020
China's trade with countries participating in the Belt and Road Initiative (BRI) posted robust growth in 2019, revealing the resilience of the world's biggest trader against economic headwinds, customs data showed Tuesday. Trade with BRI partner countries totaled 9.27 trillion yuan (about 1.34 trillion U.S. dollars) in 2019, up 10.8 percent year on year, outpacing the country's aggregate trade growth by 7.4 percentage points, according to the General Administration of Customs (GAC). In the 2014-2019 period, the total trade volume between China and BRI countries surpassed 44 trillion yuan, with an average annual growth of 6.1 percent. China has become the biggest trade partner of 25 BRI countries, GAC data showed. BRI countries' share of China's total trade approached 30 percent last year, up by 2 percentage points from 2018. Zou Zhiwu, vice minister of the GAC, noted that alongside fast growth with its major trading partners like the European Union and the Association of Southeast Asian Nations, China has also seen its imports and exports expand rapidly with the BRI countries and emerging economies in Africa and Latin America. "The Chinese economy has significant resilience, potential and room to maneuver. It is the same in terms of its foreign trade," said Zou, describing China's trading partners as "globally scattered" and "flowering in various regions." Zou attributed the solid trade growth momentum with the BRI countries to enhanced customs cooperation and trade facilitation measures. China has signed the most Authorized Economic Operator (AEO) agreements in the world to facilitate customs clearance for enterprises. Among all the 42 countries and regions holding AEO agreements with China, 18 are BRI countries and regions, he said. The country has set up seven fast customs clearance channels for agricultural products at borders with BRI countries including Kazakhstan, Vietnam and Mongolia and promoted the opening of China-Europe freight trains for mail service. Zou also noted that Chinese customs signed 198 documents on inspection and quarantine cooperation in 2019, including 89 with B&R countries and regions. Source: Xinhua
Belt and Road boosting Myanmar development
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Belt and Road boosting Myanmar development
14 Jan 2020
(CHINADAILY) Myanmar is a fulcrum of the Belt and Road Initiative and an important corridor between China and Southeast and South Asia. As a traditional friendly neighbor, Myanmar has established a comprehensive strategic partnership with China. Apart from participating in the China-proposed Belt and Road Initiative, Myanmar was among the first 21 countries to join the China-initiated Asian Infrastructure Investment Bank. Also, China is Myanmar's biggest source of foreign investment. Since 2013, China and Myanmar together have made remarkable achievements in taking forward the Belt and Road Initiative. First, the two countries have not only maintained frequent high-level mutual visits but also improved their cooperation mechanism, and thus strengthened mutual political trust. In April 2015, President Xi Jinping met with U Thein Sein, then president of Myanmar, on the sidelines of the Asian-African Summit that was held to commemorate the 60th anniversary of the Bandung Conference in Indonesia. In October of the same year, Xi met with Myanmar State Counselor Aung San Suu Kyi on the sidelines of the 8th BRICS Summit in India. He also met with Suu Kyi three times at the Great Hall of the People in Beijing between May 2017 and April 2019. With the strengthening of bilateral relations and mutual political trust, and the smooth advancement of the Belt and Road Initiative, the two sides have launched new cooperation initiatives. To push forward the Belt and Road projects, China and Myanmar have established a series of bilateral cooperative mechanisms, such as the China-Myanmar Economic, Trade and Technical Cooperation Committee and China-Myanmar Economic Corridor Joint Committee, as well as some bilateral cooperation platforms such as China-Myanmar Economic Corridor Forum. In December 2018, Myanmar announced the establishment of the Belt and Road guiding committee with Suu Kyi as chairperson, in order to improve coordination between Myanmar's central government and different provincial governments on Belt and Road projects. Needless to say, such China-Myanmar cooperation mechanisms have boosted the development of Belt and Road projects. Second, the construction of the China-Myanmar Economic Corridor has entered the fast track. The corridor starts from China's Yunnan province in the north, passes through Mandalay in Myanmar and extends to Yangon new city and the Kyaukpyu special economic zone. On Dec 1, 2017, Xi and Suu Kyi reached an important agreement-to jointly build the CMEC under the Belt and Road framework. And after the two governments signed a memorandum of understanding on Sept 9, 2018, to jointly build the corridor, its construction work was put on the fast track. On Sept 11, 2018, the CMEC Joint Committee held its first meeting in Beijing and agreed to set up special working groups in 12 key fields: development planning; production capacity and investment; transportation; energy; agriculture; border economic cooperation zone; a "Digital Silk Road"; ecological environment; tourism; finance; information; and local cooperation. The two sides have also agreed to synergize their development plans through the joint committee's cooperation mechanisms and promote practical cooperation in various fields. The two countries have already launched a large number of major cooperation projects, including the Yangon industrial new city, Kyaukpyu special economic zone and the China-Myanmar railway, which form the supporting framework for the CMEC. Third, China attaches great importance to enhancing understanding between the Chinese and Myanmar peoples, so as to ensure the smooth progress of the Belt and Road projects. To help Myanmar people better understand China, the Chinese government has employed media outlets, think tanks and social organizations to organize people-to-people exchanges between Myanmar and China, increased elite scholarships for Association of Southeast Asian Nations countries and executed poverty alleviation projects in Myanmar. In fact, people-to-people exchanges have played a vital role in deepening China-Myanmar relations. Moreover, Chinese enterprises operating in Myanmar attach great importance to corporate social responsibility, respect the local culture, history and customs while taking environmental protection measures, hiring local people, and building schools, roads and bridges. The year 2020 marks the 70th anniversary of the establishment of diplomatic ties between China and Myanmar. The leaders of the two countries will take this opportunity to uphold the principle of "consultation, joint construction and sharing" and use environmentally friendly means to build the CMEC, promote the implementation of a number of major projects including those in ports, industrial parks, transportation infrastructure, medical care, agriculture, energy and digital economy, in order to promote the rapid yet sustainable development of Myanmar's economy. (The author is an associate research fellow at the China Institute of International Studies.) Source: ChinaDaily
China issues six new Belt and Road bonds by November
China issues six new Belt and Road bonds by November
13 Jan 2020
BEIJING, Jan. 11 (Xinhua) -- China's securities regulator said Friday the country has strengthened the financial support for the Belt and Road Initiative in 2019. Six new Belt and Road bonds had been issued via the exchanges by the end of November 2019, raising 6.7 billion yuan (about 996 million U.S. dollars), according to the China Securities Regulatory Commission. China will further open the futures market and bonds market based on the measures on opening up China's capital market announced in June 2019. The capability of supervision and risk prevention will be further improved as China opens up the market, said the regulator. Source: Xinhua
China's investment in B&R countries exceeds 12 billion USD
China's investment in B&R countries exceeds 12 billion USD
13 Jan 2020
China's non-financial investment in countries along the Belt and Road (B&R) reached 12.78 billion U.S. dollars during the first 11 months of 2019, according to the Ministry of Commerce. The volume of foreign contracted projects signed by Chinese enterprises in countries along the B&R reached 127.67 billion U.S. dollars during the period, surging 41.2 percent year on year. The completed turnover of foreign contracted projects in B&R countries was 74.61 billion U.S. dollars, up 1.3 percent from a year earlier. Meanwhile, B&R countries invested 7.02 billion U.S. dollars and set up 4,964 enterprises in China. Source: Xinhua
Pakistan, China getting closer with new social, economic cooperation: Pakistani minister
Pakistan, China getting closer with new social, economic cooperation: Pakistani minister
10 Jan 2020
Pakistan's Education Minister Shafqat Mahmood said on Thursday that the friendship between Pakistan and China is getting stronger and more multidimensional with new avenues of cooperation in social and economic sectors. "Pakistan and China have a long history of friendship, but now it is deepening and strengthening with the passage of time. Our economic and social cooperation is improving, and interaction between civil societies of the two countries is growing," the minister said, adding that this is indeed a new era in which already good friendship between the two countries is becoming even stronger. Mahmood made the remarks during a ceremony held in Islamabad for distribution of "Panda Packs" among 20,000 students in grade 1-5 studying at government schools mostly in rural areas of the federal capital by the Pakistan Red Crescent Society (PRCS) in collaboration with China Foundation for Poverty Alleviation. Inside the donated packs are lunch box, color pencil, eraser, sharpener and other stationery which would help learners to further improve their educational ability and interest in school. The distribution of donated packs is a proof of the growing multi-faceted relations between the two countries, he said. Considering the increasing demand of skilled manpower in the country, the minister said vocational training institutes are being set up with the help of China under the China-Pakistan Economic Corridor (CPEC) to impart necessary skills to meet the demands of the local industries. "This will further strengthen the partnership between the two countries," he said. Speaking at the event, Chinese Ambassador to Pakistan Yao Jing said China is ready to help Pakistan in the field of education, adding that through a new sector of socio-economic cooperation under CPEC, hospitals, schools and vocational training centers will be established, and scholarships will also be offered to Pakistani students. "The relationship between China and Pakistan has been for quite a long term, but this new momentum between the peoples, between the societies, between the communities, is just growing day by day," Yao said. Abrar ul Haq, chairman of PRCS, said around 61 percent population of Pakistan lives in rural areas, where educational facilities are not up to the mark. He said the distribution of school bags among rural students is a highly welcome initiative. "China has always been on the forefront in helping Pakistan in the time of need," Haq said while hoping that cooperation between the PRCS and the Red Cross Society of China will further grow to come to serve humanity together. Source: Xinhua
Letters of Thanks for 2019 Silk Road Business Summit
Letters of Thanks for 2019 Silk Road Business Summit
18 Dec 2019
On December 7, the 2019 Silk Road Business Summit was successfully held in Xi'an. More than 400 delegates from 73 Belt and Road countries and regions participated in the event, including government officials, diplomats to China, leaders of international organizations, presidents of business associations, and representatives of multinational enterprises. After the Summit, SRCIC has received many letters of thanks from the attendees. SRCIC appreciates all the support from the participants and its members, and decides to publish the letters of thanks. fromAhcene Boukhelfa, Ambassador of Algeria from Iran Chamber of Commerce, Industries, Mines & Agriculture from Mr. Tariq M. Rangoonwala, Chairman of PNC-ICC from Mr. Yuriy Kotyk, Board Chairman of the Cultural-Researching Center of Ukraine and China “Lanhua”
Meeting between SRCIC and TOBB Leaders
Meeting between SRCIC and TOBB Leaders
13 Dec 2019
On December 7, 2019, Chairman of the Silk Road Chamber of International Commerce (SRCIC) Mr. Lu Jianzhong met with the delegation of Union of Chambers and Commodity Exchanges of Turkey (TOBB), led by its board member Mr. Mahmut Özgener. Chairman Lu welcomed the delegation on behalf of SRCIC and its Honorary Chairman Jemal Inaishvili. He thanked the president of TOBB Mr. Rifat Hisarciklioglu for sending a delegation to the 2019 Silk Road Business Summit. Chairman Lu said that on December 6th, SRCIC held its 9th Executive Board and General Assembly meetings. A new leadership team of Chairmanship and Executive Board has been elected. Mr. Rifat Hisarciklioglu was re-elected to be Honorary Chairman of SRCIC as leader of the very influential business organization of TOBB. "We thank him for the support in the past four years since SRCIC's establishment, and hope to bring the cooperation between our two chambers closer. Turkey is a very important country along the Silk Road, bridging Europe and Asia, and was cradle of three great empires - the Ottoman Empire, Roman Empire, and Byzantine Empire. Turkey is not only a beautiful country, but also rich in history and culture." Chairman Lu said. Chairman Lu also gave a brief introduction to a project in planning. "China will build the largest Free Trade Port in Hainan Province, signifying the boldest measure of China's reform and opening up. SRCIC will actively participate in this course by building a cultural park to accommodate museums from China and other Belt and Road countries, holding cultural festivals and organizing expositions for trading cultural products and artworks. We hope that TOBB could recommend museums from Turkey to join the project, and display your splendid history and culture. We believe this would be instrumental in increasing the people-to-people understanding among different countries, a great complement to governmental activities, such as Bo'ao Forum." Mr. Mahmut Özgener thanked Chairman Lu for meeting the delegation. He welcomed Chairman Lu's remarks and proposals on behalf of TOBB and as President of Izmir Chamber of Commerce. "There is much more space for Turkish-China cooperation. Although Belt and Road Initiative is largely about infrastructure construction, we also look forward to strengthening our cooperation in various fields, including trade, energy, automobile, manufacturing, 5G, science and technology, etc. For instance, we are currently working with the public departments of Turkey to make customs procedures more modern and easier for businesses. We aim to expand our efforts to other Silk Road countries, and the best country to start with is China." He added that tourism and cultural communication are also vital areas with great potential. Turkey hosts a great number of tourists from worldwide every year, and there are many Turkish cities which are ideal destinations for vacation. He mentioned that by the end of December, there will be a direct flight between Xi'an and Istanbul carried by Turkish Airlines. On the side of cultural communication, there is a university in Izmir that enrolls Chinese students and offers Chinese courses to local students. Chairman Lu responded warmly to Mr. Özgener's remarks, and said that the young generation are the future ambassadors for friendship between the two countries, and it is important for our generation to lay a good foundation for cultural exchange and economic and trade cooperation. He also noted that SRCIC will bring Chinese business delegations to Turkey to investigate investment and cooperation opportunities. Mr. Özgener expressed his welcome to the delegations, and emphasized that TOBB is ready to work with SRCIC on various fronts. After the meeting, Chairman Lu and Mr. Özgener exchanged symbolic gifts. Other participants in the meeting are Emre Kizilgüneşler, Vice President of IZMIR Chamber of Commerce, H. Yaşar Beyaz, Head of Foreign Economic Relations Department, TOBB, and Pınar Karayilanoğlu, Manager of IZMIR Chamber of Commerce; Jemal Inaishvili, Honorary Chairman of SRCIC, and Wenjin Wei, Director of Membership Center of SRCIC.
An Interview with David Saganelidze, Chairman of the Georgia-China Intergovernmental Trade and Economy Commission
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An Interview with David Saganelidze, Chairman of the Georgia-China Intergovernmental Trade and Economy Commission
10 Dec 2019
2019 Silk Road Business Summit was successfully held in Xi'an. During the Summit, SRCIC Publicity Department had an interview with David Saganelidze, Chairman of the Georgia-China Intergovernmental Trade and Economy Commission, Member of Political Board of Ruling Party of Georgia, and Chairman of JSC Partnership Fund. The following is the full context of the interview: 1. How do you look at the relationship between economic and trade cooperation and people-to-people exchanges? How to achieve a win-win situation? In the 21st century world economy, indisputably, China is one of the leading countries. Georgia's interest and role in the major, global project “One Belt, One Road” initiated by the President of the People's Republic of China, Xi Jinping, is pretty big. Regarding to President Xi Jinping's economy policy, boarders of PRC are open for the world recently. Nowadays China speaks to the whole world about the economy development. The 21st century initiative OBOR project by the President Xi gives opportunities not only Asian countries but the whole world to participate in the biggest project, and Georgia as mentioned above has found its role and function in it. Georgia is the center of the old and new Silk Road, and this is explained not only by its location, but also by the history, culture and tolerance that our country had demonstrated to the world over the centuries. Georgia actively participates in the World Trade Organization multilateral trade negotiations aimed at further liberalizing world trade by minimizing trade barriers. In 2014, Georgia and the EU signed the Association Agreement and later the Deep and Comprehensive Free Trade Agreement, allowing Georgia to freely circulate goods, services and capital to the EU market. Moreover, Georgia has signed a free trade agreement with Turkey, the CIS and the European Free Trade Association, which is an obvious advantage of the country's investment climate. The largest free market for goods and services produced in Georgia was opened in 2017 as part of the Free Trade Agreement between Georgia and the People's Republic of China. However, in accordance with the Free Trade Agreement with China, about 94% of Georgian imports to China are exempt from customs duties. In turn, Chinese companies have the opportunity to sell their products to the European market through Georgia. 2. As we know, financial support plays an important role in the Silk Road cooperation and the development of the cultural industry. What's your opinion on the launch of the Silk Road Development Fund at this summit? It's obvious when we speak about the large scale regional projects as we call development of Silk Road, such projects need funds. Georgian economy is not strong enough to start large scale projects and we need to have cooperation with the international financial institutions as it is Asian, Chinese and European financial ones. According to international organization ratings Georgia is one of the first countries and is on top five place of business development. To start a business is easy because the level of corruption is almost zero in Georgia. Georgia has become attracted by the investors, so from the West and the East countries representatives willing to invest and develop their business in private and public sectors. So it is very important for us to cooperate with financial institutions. And I want to emphasize the Silk Road Fund and in my opinion in a near future we will cooperate with them.
2019 Silk Road Business Summit
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2019 Silk Road Business Summit
7 Dec 2019
On December 7, the 2019 Silk Road Business Summit was successfully held in Xi'an. More than 400 delegates from 73 Belt and Road countries and regions participated in the event, including government officials, diplomats to China, leaders of international organizations, presidents of business associations, and representatives of multinational enterprises. The Summit was hosted by the Silk Road Chamber of International Commerce, and received vigorous support from the All-China Federation of Industry and Commerce, China Council for the Promotion of International Trade (CCPIT) , Chinese Association for International Understanding, China Public Diplomacy Association, China Chamber of International Commerce, Silk Road Planning and Research Center, Municipal Government of Xi'an, China Association for Friendship, Shaanxi Federation of Industry and Commerce, and CCPIT Shaanxi Sub-council. The participants are made up of government representatives from 16 countries, diplomats from over 20 countries, presidents of business associations from 50 countries and more than 20 mayors. The Summit is themed "Write a New Chapter for Win-Win Cooperation, Build a New World for Mutual Benefits". Expert-led discussions surrounded topics including Belt and Road cooperation in the new era, and joint construction of an open, diversified world economy, and a shared future for all. Opening Ceremony Chen Yuan, President of the Silk Road Planning Research Center, addressed the Summit and announced its opening. "The Summit allows the business sector and non-governmental organizations to play their role to promote the stable and sustainable development BRI, and make it more open, inclusive, balanced and win-win." Fang Guanghua, Vice Governor of the People's Government of Shaanxi Province and Chairman of the Shaanxi Federation of Industry and Commerce addressed the opening ceremony. "Since the BRI was proposed six years ago, Shaanxi Province has turned a grand blueprint to concrete implementation. We will continue to promote Shaanxi's development towards an economic hub with mobility and an economic gateway for Belt and Road cooperation. We will build Shaanxi into a center for Belt and Road transportation, trade and logistics, international capacity cooperation, technology and education, international cultural tourism and Silk Road finance. We will accelerate the construction of a corridor focusing on the "International Transport Corridor" and "International Aviation Hub", and an open platform represented by the Free Trade Pilot Zone, providing entrepreneurs at home and abroad with a better, more convenient business environment." Alexander Tomov, Former Deputy Prime Minister of Bulgaria, addressed the opening ceremony. "This Summit has not only adopted new initiatives, but also expanded new projects. The delegates contributed new ideas and connotations to the development of BRI." Vice President of China Council for the Promotion of International Trade and Vice President of China Chamber of International CommerceChen Jian'an, President of China Public Diplomacy AssociationWu Hailong, and Vice President of Chinese Association for International Understanding Ai Ping also addressed the opening ceremony. Chen Jian'an Wu Hailong Ai Ping Lu Jianzhong, Chairman of Silk Road Chamber of Commerce (SRCIC) and President of the China Cultural Chamber of Commerce for the Private Sector, presided the opening ceremony. "SRCIC will serve as a bridge, liaison and platform for resource integration, economic and trade cooperation and cultural exchanges. It strives to enable SRCIC members to grasp the opportunities and benefit from China's development by sharing development experience and strengthening cooperation. SRCIC aims to play the role of 'Super Liaison' for Belt and Road construction." Keynote Speeches The attendees below gave keynote speeches at the plenary session: Ge Honglin, member of the CPPCC Standing Committee; Zheng Zhijie, member of the 13th CPPCC National Committee; Wang Yong, Deputy Mayor of Xi'an Municipal Government; Aliaksandr Yarashenka, Head of Great Stone China-Belarus Industrial Park Administration; Jusong Lee, Executive Director of ICC Asia; David Saganelidze, Chairman of the Georgia-China Intergovernmental Trade and Economy Commission; Taleh Ziyadov, Director General of Baku International Marine Port of Azerbaijan; Inna Mietielieva, Deputy Minister of the Ministry for Development of Economy, Trade and Agriculture of Ukraine. Other participants include Qiu Jun, Deputy Secretary General of China Association for Friendship; Gao Yang, Deputy Secretary General of Shaanxi Provincial Government; Zhang Meiwen, Deputy Director of the Publicity Department of Hainan Provincial Party Committee; Zhang Peng, Deputy General Manager of China National Complete Plant Import and Export Group Corporation Limited; Fang Jieling, Vice President of the Shanghai Branch of the Bank of East Asia (China) Limited. Ning Yong, Vice Chairman of the Export-Import Bank of China, delivered a keynote speech at the Forum for High-quality Development of BRI through Joint Efforts. The Export-Import Bank of China (CEXIM) is an important fund provider for construction of BRI. At present, it has sponsored 1,800 projects in Belt and Road countries and offered loans of over 1 trillion yuan, more than one third of which was invested in infrastructure projects to increase connectivity. Important Meetings Fang Guanghua, Vice Governor of Shaanxi Provincial Government met with Alexander Tomov, Former Deputy Prime Minister of Bulgaria, and other foreign government representatives and ambassadors to China. SRCIC Chairman Lu Jianzhong, SRCIC Honorary Chairman Jemal Inaishvili (R), and Secretary General of the China Foundation for Peace and Development Xu Jianguo (M) unveiling the Silk Road Sunshine Fund of China Foundation for Peace and Development. Huang Shao-Mei (M), Director and Deputy Chief Executive Officer of New World China Land Limited, Xia Fuxi (R), CEO of Tang West Market Group, and Huang Dahai (L) , Chairman of Datang Capital Management Co., Ltd. unveiling the Silk Road Development Fund Jean-Guy Carrier (M), SRCIC Executive Chairman, Xia Fuxi (R), CEO of Tang West Market Group, and Zhang Lin (L), Vice President of Tang West Market Group unveiling the Silk Road Yijia International Cultural Artwork Trading Platform. Parallel Forums Four parallel forums have been successfully held, including the High-quality Development of the Belt and Road Initiative (BRI) through Joint Efforts, Integrated Development of Culture, Business and Tourism as a New Business Model, Belt and Road Financing and Pragmatic Cooperation, and Belt and Road Commerce, Trade and People-to-people Exchange. These forums have provided theoretic and intellectual support for seizing the historic opportunity of BRI, promoting trade and investment liberalization and facilitation, and exploring new models of economic and trade cooperation and cultural exchanges among the landlocked countries and Belt and Road countries. Chief Expert of the China Association of Trade in Services Zhang Wei, President of Reference News Agency Wang Chaowen, Deputy Editor-in-Chief of the Guangming Daily Shen Weixing, and Deputy Mayor of Xi'an Municipal Government Qiang Xiao'an delivering keynote speeches at the parallel forums. Upper: Zhang Wei; Lower: Wang Chaowen(L) and Shen Weixing(R). Qiang Xiao'an Business-to-Business Meeting Over 100 participants from nearly 30 countries including Bulgaria, Italy, Belarus and Australia conducted exchanges and consultations in the aspects of energy, infrastructure, tourism, finance, and overseas industrial parks, reaching cooperation intention and signing initial cooperative agreements. This platform for pragmatic cooperation was highly appreciated by the participants. SRCIC 9th Executive Board and General Assembly meetings of SRCIC SRCIC held the 9th Executive Board and the General Assembly meetings in Xi'an, China, and approved the new team of Chairmanship and Executive Board members. Mr. Lu Jianzhong was re-elected as Chairman of SRCIC. Chairman Lu gave an account of China's important development plannings, including the Belt and Road construction, the integrated development of Beijing, Tianjin and Hebei Province, the Yangtze River Economic Belt, the construction of Guangdong-Hong Kong-Macao Greater Bay Area, the integration of the Yangtze River Delta, the construction of a free trade port in Hainan Province in 2020, and China's goal for poverty alleviation by 2020. The participants expressed their enthusiasm and confidence as business associations to do business with China and participate in its development course. Award Ceremony Chambers of commerce and industry joined SRCIC as new members. They are the Nigerian Chambers of Commerce, Industry, Mines and Agriculture, the Chamber of Commerce and Industry of Côte d'Ivoire, the Tajikistan Silk Road International Economic Union (L3), the Chamber of Commerce and Industry Moldova-China, and the China Sweden Business Council. SRCIC gave awards to the leaders of international business communities who made outstanding contributions to promoting economy and trade cooperation and cultural exchanges under the framework of BRI. 2019 SRCIC Outstanding Leadership Award winners: David Saganelidze, Chairman of the Partnership Fund of Georgia ; Aliaksandr Yarashenka, Head of the Administration of the “Great Stone” Industrial Park. SRCIC Friendship Envoy Award winners: Said Sharif, Former Chairman of the Chamber of Commerce and Industry of the Republic of Tajikistan; Oyunchimeg Magvan, Former CEO of the Mongolian National Chamber of Commerce and Industry; Nino Chikovani, Former President of Georgian Chamber of Commerce and Industry; MD. SHAFIUL ISLAM, Former President of the Federation of Bangladesh Chambers of Commerce & Industry. 2019 SRCIC Outstanding Contribution Award winners: Tariq M.A. Rangoonwala, Chairman of ICC Pakistan; Sergey Kalashnikov, Chairman of Russian Association for International Cooperation; Romualdas Gėgžnas, Vice President for Business Development at Association of Lithuanian Chambers of Commerce, Industry and Crafts. Xi'an Consensus on Jointly Building an Open World Economy The outcome document - Xi'an Consensus on Jointly Building an Open World Economy, was adopted by all participating organizations, highlighting the following initiatives: to work together to build an open world economy, and drive the high-quality development of global economy by uniting the strengths of business communities. to carry out technical exchanges and cooperation to unleash the potential for innovative economy. to promote trade and investment liberalization and facilitation, and jointly build a world economy that is shared by all. to maintain a global free trade system based on the rules of the World Trade Organization, and foster an enabling business environment that is based on market principles, governed by law, and up to international standards. to promote people-to-people exchanges to build the foundation for inclusiveness, trust and cooperation. Silk Road Urban Alliance After the Summit in Xi'an, over 200 delegates from 25 countries attended the 2019 (Zhangjiajie) Silk Road Urban Alliance Annual Conference, jointly organized by China Association for Friendship, Zhangjiajie Municipal People's Government and Silk Road Chamber of International Commerce. The delegates discussed how to enhance exchanges, deepen friendship and promote cooperation among Belt and Road cities. Focused by media and Widespread attention The summit has been widely covered by Chinese and foreign mainstream media, including Xinhua News Agency, People's Daily, Guangming Daily, Economic Daily, China News Service, Phoenix Satellite TV, as well as media in the Philippines, Azerbaijan, Croatia, etc. The 2019 Silk Road Business Summit (Xi'an) is an non-governmental diplomatic event held on the occasion of the sixth anniversary of BRI. It is instrumental in eliminating trade barriers, promoting economic globalization and trade liberalization, and strengthening people-to-people exchanges.
Congratulation Letter from the Chairman of the Belarusian part of the Belarus-China Intergovernmental Cooperation Committee
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Congratulation Letter from the Chairman of the Belarusian part of the Belarus-China Intergovernmental Cooperation Committee
4 Dec 2019
To the Chairman of Silk Road Chamber of International Commerce Mr. Lu Jianzhong Dear Mr. Lu Jianzhong, I'm sincerely glad that this year representatives of the Republic of Belarus, of the country which is an "iron friend" of the People's Republic of China, are taking part in the 2019 Silk Road Business Summit in Xi'an once again. For the 4th year now, this event is gathering participants from all over the world in order to develop cooperation among the countries within the concept of the Belt and Road initiative. The Belt and Road initiative was born in China, but the entire world can benefit from the opportunities it offers. Belarus was among the first European countries to respond to the call of leader of the People's Republic of China Xi Jinping to take part in this initiative. The increasing scope of the economic, social and cultural cooperation between Belarus and China is proving an “all-weather friendship” of our countries. On May 12, 2015 President of the Republic of Belarus Alexander Lukashenko together with President of the People's Republic of China Xi Jinping started the construction of the China-Belarus Great Stone Industrial Park which is the base platform of the Belt and Road initiative. Today Industrial Park is a place where economic interests of Europe and Asia converge; it is an example of global opportunities of the Belt and Road initiative. I wish all the participants of the 2019 Silk Road Business Summit success and sincerely hope that discussions held during the Summit will be fruitful and will become a new step on the way to develop mutually beneficial cooperation of the Belt and Road initiative's countries. Most respectfully, Nikolai Snopkov, The Chairman of the Belarusian part of the Belarus-China Intergovernmental Cooperation Committee, Deputy Head of the Belarus President Administration Original version in Russian:
SRCIC Chairman Lu Jianzhong Elected President of the China Cultural Chamber of Commerce for the Private Sector
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SRCIC Chairman Lu Jianzhong Elected President of the China Cultural Chamber of Commerce for the Private Sector
18 Nov 2019
On November 16 of 2019, the 2nd General Assembly of the China Cultural Chamber of Commerce for the Private Sector (CCCCPS) was successfully held in Beijing. Mr. Lu Jianzhong, Chairman of the Silk Road Chamber of International Commerce (SRCIC), was elected as the new President of CCCCPS. Mr. Lu is also Deputy to the National People's Congress and Vice President of the Chinese Association for International Understanding. More than 200 guests were present at the meeting, including Wang Xiaofeng, Party Member of the Ministry of Culture and Tourism of China, Li Zhaoqian, Vice Chairman of the All-China Federation of Industry and Commerce (ACFIC), Feng Jicai, well-known writer, painter, and honorary council member of the China Federation of Literary and Art Circles, Chi Fulin, President of the China Institute for Reform and Development, Zhang Wei, former Vice Chairman of the China Council for the Promotion of International Trade. Meanwhile, representatives from the Silk Road Development Fund, New World Development Group and other enterprises and media also participated in the event. Lu Jianzhong, as new President of CCCCPS, delivered an inauguration speech. He said that under the leadership of ACFIC, CCCCPS will strengthen its interaction with government, market and international resources. Through coordinating all its members, CCCCPS with its platform and resources, will give full play to the role of private sector in boosting growth, promoting innovation, increasing employment and improving people's livelihood. CCCCPS will make further contribution to development of China's cultural industry. To better serve the chambers of commerce for the long-term development, and to boost the prosperity of the cultural industry, the creation of “Advisory Panel of CCCCPS” was announced. Mr. Feng Jicai, Professor Chi Fulin and Mr. Fan Zhou were appointed as the first cohort of advisors. They also delivered keynote speeches at the meeting. To better serve the member enterprises and to provide them with financial services, strategic cooperation agreements between CCCCPS and China Minsheng Bank (CMBC), GF Securities and Silk Road Development Fund were signed. Mr. Lu Jianzhong, Chairman of CCCCPS signs the agreement with Ms. Chen Qiong, DeputyParty Secretary and Vice President of China Minsheng Bank (CMBC) Mr. Lu Jianzhong, Chairman of CCCCPS signs the agreement with Mr. Hanjun, Deputy General Manager of GF Finance Leasing (Guangzhou) and Senior Engineer Mr. Lu Jianzhong, Chairman of CCCCPS signs the agreement with Mr. Lu Huicai, Deputy General Manager of Business Development of New World Group Profile of CCCCPS China Cultural Chamber of Commerce for the Private Sector (CCCCPS) is the first Chinese chamber of commerce providing specialized services for the development of private cultural industry organizations, bringing together the central and local governments, private enterprises and investment institutions. CCCCPS aims to create a state-level strategic cooperation platform, focusing on the planning, allocation of resources and information sharing of the cultural industry. The chamber was established with the guidance of All-China Federation of Industry and Commerce, obtained approval from the Publicity Department of the Communist Party of China and Ministry of Culture and State Administration of Press, Publication, Radio, Film and Television, and passed the reviewing of the State Council. The chamber was officially registered at the Ministry of Civil Affairs on May 17, 2013. Souce: Tang West Market Official Wechat Account
2019 sets strategic course to sustain steady growth of China-Philippines ties: Chinese ambassador
2019 sets strategic course to sustain steady growth of China-Philippines ties: Chinese ambassador
17 Jan 2020
The year 2019 set the strategic course for the steady growth of the relations between China and the Philippines, the Chinese Ambassador to the Philippines Huang Xilian said on Wednesday. "The year 2019 witnessed the sustained betterment and growth of China-Philippines relations," Huang said in a speech at the reception to celebrate the Chinese lunar new year. He said China is now the Philippines' top trading partner, the second-largest source of tourists and one of the largest investors. Last year more than 1.5 million Chinese nationals visited the Philippines, the Chinese ambassador said. "We have been actively synergizing (China's) Belt and Road Initiative and the 'Build, Build, Build' Plan (of the Philippines) and supporting the development of the Philippines. I am sure as more and more Chinese projects are launched and completed, they will bring more tangible benefits to the Philippine people." According to Huang, important bilateral mechanisms including the Bilateral Consultation Mechanism on the South China Sea (BCM) "are working well." The consultation on the Code of Conduct in the South China Sea with the Philippines which serves as the country coordinator of China-ASEAN dialogue relations, has been steadily moving forward, contributing to the peace and stability of the region and beyond, he added. For the first time in history, a China Coast Guard (CCG) vessel is paying a port call in the Philippines, conveying the message of friendship, cooperation and goodwill, the Chinese ambassador said. A CCG ship, coded 5204, arrived in Manila on Tuesday for a four-day port call aimed at enhancing maritime cooperation between the two neighboring countries. All the progress could not be achieved without the support and contribution made by the Philippine friends and the Chinese community in the Philippines, Huang said. "Let's seize the day and live it to the full to work for the greater development of both countries as well as the sustained growth of our bilateral ties," he concluded. Source: Xinhua
China's trade with BRI countries booms in 2019
China's trade with BRI countries booms in 2019
15 Jan 2020
China's trade with countries participating in the Belt and Road Initiative (BRI) posted robust growth in 2019, revealing the resilience of the world's biggest trader against economic headwinds, customs data showed Tuesday. Trade with BRI partner countries totaled 9.27 trillion yuan (about 1.34 trillion U.S. dollars) in 2019, up 10.8 percent year on year, outpacing the country's aggregate trade growth by 7.4 percentage points, according to the General Administration of Customs (GAC). In the 2014-2019 period, the total trade volume between China and BRI countries surpassed 44 trillion yuan, with an average annual growth of 6.1 percent. China has become the biggest trade partner of 25 BRI countries, GAC data showed. BRI countries' share of China's total trade approached 30 percent last year, up by 2 percentage points from 2018. Zou Zhiwu, vice minister of the GAC, noted that alongside fast growth with its major trading partners like the European Union and the Association of Southeast Asian Nations, China has also seen its imports and exports expand rapidly with the BRI countries and emerging economies in Africa and Latin America. "The Chinese economy has significant resilience, potential and room to maneuver. It is the same in terms of its foreign trade," said Zou, describing China's trading partners as "globally scattered" and "flowering in various regions." Zou attributed the solid trade growth momentum with the BRI countries to enhanced customs cooperation and trade facilitation measures. China has signed the most Authorized Economic Operator (AEO) agreements in the world to facilitate customs clearance for enterprises. Among all the 42 countries and regions holding AEO agreements with China, 18 are BRI countries and regions, he said. The country has set up seven fast customs clearance channels for agricultural products at borders with BRI countries including Kazakhstan, Vietnam and Mongolia and promoted the opening of China-Europe freight trains for mail service. Zou also noted that Chinese customs signed 198 documents on inspection and quarantine cooperation in 2019, including 89 with B&R countries and regions. Source: Xinhua
Belt and Road boosting Myanmar development
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Belt and Road boosting Myanmar development
14 Jan 2020
(CHINADAILY) Myanmar is a fulcrum of the Belt and Road Initiative and an important corridor between China and Southeast and South Asia. As a traditional friendly neighbor, Myanmar has established a comprehensive strategic partnership with China. Apart from participating in the China-proposed Belt and Road Initiative, Myanmar was among the first 21 countries to join the China-initiated Asian Infrastructure Investment Bank. Also, China is Myanmar's biggest source of foreign investment. Since 2013, China and Myanmar together have made remarkable achievements in taking forward the Belt and Road Initiative. First, the two countries have not only maintained frequent high-level mutual visits but also improved their cooperation mechanism, and thus strengthened mutual political trust. In April 2015, President Xi Jinping met with U Thein Sein, then president of Myanmar, on the sidelines of the Asian-African Summit that was held to commemorate the 60th anniversary of the Bandung Conference in Indonesia. In October of the same year, Xi met with Myanmar State Counselor Aung San Suu Kyi on the sidelines of the 8th BRICS Summit in India. He also met with Suu Kyi three times at the Great Hall of the People in Beijing between May 2017 and April 2019. With the strengthening of bilateral relations and mutual political trust, and the smooth advancement of the Belt and Road Initiative, the two sides have launched new cooperation initiatives. To push forward the Belt and Road projects, China and Myanmar have established a series of bilateral cooperative mechanisms, such as the China-Myanmar Economic, Trade and Technical Cooperation Committee and China-Myanmar Economic Corridor Joint Committee, as well as some bilateral cooperation platforms such as China-Myanmar Economic Corridor Forum. In December 2018, Myanmar announced the establishment of the Belt and Road guiding committee with Suu Kyi as chairperson, in order to improve coordination between Myanmar's central government and different provincial governments on Belt and Road projects. Needless to say, such China-Myanmar cooperation mechanisms have boosted the development of Belt and Road projects. Second, the construction of the China-Myanmar Economic Corridor has entered the fast track. The corridor starts from China's Yunnan province in the north, passes through Mandalay in Myanmar and extends to Yangon new city and the Kyaukpyu special economic zone. On Dec 1, 2017, Xi and Suu Kyi reached an important agreement-to jointly build the CMEC under the Belt and Road framework. And after the two governments signed a memorandum of understanding on Sept 9, 2018, to jointly build the corridor, its construction work was put on the fast track. On Sept 11, 2018, the CMEC Joint Committee held its first meeting in Beijing and agreed to set up special working groups in 12 key fields: development planning; production capacity and investment; transportation; energy; agriculture; border economic cooperation zone; a "Digital Silk Road"; ecological environment; tourism; finance; information; and local cooperation. The two sides have also agreed to synergize their development plans through the joint committee's cooperation mechanisms and promote practical cooperation in various fields. The two countries have already launched a large number of major cooperation projects, including the Yangon industrial new city, Kyaukpyu special economic zone and the China-Myanmar railway, which form the supporting framework for the CMEC. Third, China attaches great importance to enhancing understanding between the Chinese and Myanmar peoples, so as to ensure the smooth progress of the Belt and Road projects. To help Myanmar people better understand China, the Chinese government has employed media outlets, think tanks and social organizations to organize people-to-people exchanges between Myanmar and China, increased elite scholarships for Association of Southeast Asian Nations countries and executed poverty alleviation projects in Myanmar. In fact, people-to-people exchanges have played a vital role in deepening China-Myanmar relations. Moreover, Chinese enterprises operating in Myanmar attach great importance to corporate social responsibility, respect the local culture, history and customs while taking environmental protection measures, hiring local people, and building schools, roads and bridges. The year 2020 marks the 70th anniversary of the establishment of diplomatic ties between China and Myanmar. The leaders of the two countries will take this opportunity to uphold the principle of "consultation, joint construction and sharing" and use environmentally friendly means to build the CMEC, promote the implementation of a number of major projects including those in ports, industrial parks, transportation infrastructure, medical care, agriculture, energy and digital economy, in order to promote the rapid yet sustainable development of Myanmar's economy. (The author is an associate research fellow at the China Institute of International Studies.) Source: ChinaDaily
China issues six new Belt and Road bonds by November
China issues six new Belt and Road bonds by November
13 Jan 2020
BEIJING, Jan. 11 (Xinhua) -- China's securities regulator said Friday the country has strengthened the financial support for the Belt and Road Initiative in 2019. Six new Belt and Road bonds had been issued via the exchanges by the end of November 2019, raising 6.7 billion yuan (about 996 million U.S. dollars), according to the China Securities Regulatory Commission. China will further open the futures market and bonds market based on the measures on opening up China's capital market announced in June 2019. The capability of supervision and risk prevention will be further improved as China opens up the market, said the regulator. Source: Xinhua
China's investment in B&R countries exceeds 12 billion USD
China's investment in B&R countries exceeds 12 billion USD
13 Jan 2020
China's non-financial investment in countries along the Belt and Road (B&R) reached 12.78 billion U.S. dollars during the first 11 months of 2019, according to the Ministry of Commerce. The volume of foreign contracted projects signed by Chinese enterprises in countries along the B&R reached 127.67 billion U.S. dollars during the period, surging 41.2 percent year on year. The completed turnover of foreign contracted projects in B&R countries was 74.61 billion U.S. dollars, up 1.3 percent from a year earlier. Meanwhile, B&R countries invested 7.02 billion U.S. dollars and set up 4,964 enterprises in China. Source: Xinhua
Pakistan, China getting closer with new social, economic cooperation: Pakistani minister
Pakistan, China getting closer with new social, economic cooperation: Pakistani minister
10 Jan 2020
Pakistan's Education Minister Shafqat Mahmood said on Thursday that the friendship between Pakistan and China is getting stronger and more multidimensional with new avenues of cooperation in social and economic sectors. "Pakistan and China have a long history of friendship, but now it is deepening and strengthening with the passage of time. Our economic and social cooperation is improving, and interaction between civil societies of the two countries is growing," the minister said, adding that this is indeed a new era in which already good friendship between the two countries is becoming even stronger. Mahmood made the remarks during a ceremony held in Islamabad for distribution of "Panda Packs" among 20,000 students in grade 1-5 studying at government schools mostly in rural areas of the federal capital by the Pakistan Red Crescent Society (PRCS) in collaboration with China Foundation for Poverty Alleviation. Inside the donated packs are lunch box, color pencil, eraser, sharpener and other stationery which would help learners to further improve their educational ability and interest in school. The distribution of donated packs is a proof of the growing multi-faceted relations between the two countries, he said. Considering the increasing demand of skilled manpower in the country, the minister said vocational training institutes are being set up with the help of China under the China-Pakistan Economic Corridor (CPEC) to impart necessary skills to meet the demands of the local industries. "This will further strengthen the partnership between the two countries," he said. Speaking at the event, Chinese Ambassador to Pakistan Yao Jing said China is ready to help Pakistan in the field of education, adding that through a new sector of socio-economic cooperation under CPEC, hospitals, schools and vocational training centers will be established, and scholarships will also be offered to Pakistani students. "The relationship between China and Pakistan has been for quite a long term, but this new momentum between the peoples, between the societies, between the communities, is just growing day by day," Yao said. Abrar ul Haq, chairman of PRCS, said around 61 percent population of Pakistan lives in rural areas, where educational facilities are not up to the mark. He said the distribution of school bags among rural students is a highly welcome initiative. "China has always been on the forefront in helping Pakistan in the time of need," Haq said while hoping that cooperation between the PRCS and the Red Cross Society of China will further grow to come to serve humanity together. Source: Xinhua
International Business Forum “Moldova 2020 – shaping the future of international business cooperation”
International Business Forum “Moldova 2020 – shaping the future of international business cooperation”
7 Jan 2020
The Chamber of Commerce and Industry of the Republic of Moldova (CCI RM), a member of SRCIC, has the great pleasure of inviting you to the International Business Forum “Moldova 2020 –shaping the future of international business cooperation”. The event will be hosted by the CCI RM on January, 30 2020 in Chisinau. The International Business Forum is organized in cooperation with the European Union's projectEnterprise Europe Networkwith the aim of fostering the investment and commercial cooperation between the entrepreneurs from the Republic of Moldova and the foreign business community. Leading representatives from SMEs, R&D institutions and governments will join you to discuss exciting new economic and commercial opportunities and to develop new business relationships. The Forum is organized in the framework of the National Exhibition “Made in Moldova” which will take place from January 29th to February 2nd 2020 at the International Exhibition Centre “Moldexpo” in Chisinau. The exhibition is organized annually by the Chamber of Commerce and Industry of the Republic of Moldova. The event has become over years one of the biggest and most prestigious exhibitions in the country. At the previous XVIIIth edition, 450 economic operators attended the exhibition on an area of 4680 square meters. In view of the importance of the event for strengthening and diversifying the international economic relations, we would be honored to welcome you as our guest and would appreciate your support in informing the representatives of the business community from your region /country about the opportunities and benefits of taking part in the International Business Forum “Moldova 2020 –shaping the future of international business cooperation”. For the high-level organization of the forum and thorough planning of the B2B meetings, we would be grateful to receive feedback regarding your intention of participation and the registration of companies from your region by January 20th, 2020. For registration, please follow the link: https://international-business-forum-moldova-2020.b2match.io/ For further information and to confirm attendance please contact the Chamber of Commerce and Industry of the Republic of Moldova - Department of International Relations, phone. +373 22 22 13 91/+373 22 22 26 26 e-mail: een@chamber.md. For the agenda, please click here to download.
Daryl Guppy: The Foreign Investment Law is the concept of 'national treatment'
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Daryl Guppy: The Foreign Investment Law is the concept of 'national treatment'
7 Jan 2020
Chinadaily.com.cn has published an article, in whichinternational business leaders air their opinions onthe Foreign Investment Law. Daryl Guppy, president of the Northern Territory office for the Australia China Business Council, said the new Foreign Investment Law represents a significant strategic shift in China's approach to the role of foreign investment in China's economic growth."The principle underpinning the Foreign Investment Law is the concept of 'national treatment'. This gives foreign investors rights equivalent to those enjoyed by domestic firms including intellectual property rights, protection of trade secrets and the overseas remittance of profits in renminbi or in foreign currency. Participation in Chinese government procurement tenders by foreign firms is explicitly allowed," said Guppy.These are giant steps that set the strategic vision for further opening the Chinese economy by diversifying the cooperation landscape to ensure continued economic growth. This law opens the path to capital diversification and to greater integration with the world economy in ways that go beyond being just a supplier of goods, and sets the framework for the investment law. How the detail is filled in will depend, in part, on how foreign business councils and groups can constructively assist in the process, Guppy said.China unveiled the regulation on implementing the Foreign Investment Law to better protect the legitimate rights and interests of foreign investors. Premier Li Keqiang signed a State Council decree to publish the regulation, which takes effect on Jan 1, 2020.China achieved notable progress in ensuring stable foreign direct investment inflow in 2019 thanks to a combination of new policies and measures, Commerce Minister Zhong Shan said at a work conference in Beijing on Dec 29. In the first 11 months of 2019, the number of foreign-funded projects with an investment of at least $100 million reached 722, up 15.5 percent year-on-year, according to Zhong. A total of 36,747 new foreign-funded enterprises were established during the same period, while the FDI into the Chinese mainland expanded 6 percent year-on-year to 845.9 billion yuan, according to the Ministry of Commerce. Source: ChinaDaily
Daryl Guppy: Safeguard WTO and multilateral trade, promote BRI and intl trade
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Daryl Guppy: Safeguard WTO and multilateral trade, promote BRI and intl trade
10 Dec 2019
China's reaffirmed support for the WTO is welcomed by most WTO members, now including Australia, who show a growing genuine desire to support and reform the WTO. President Xi Jinping confirmed that China will not retreat from these core trade values. But is this enough? Unless this is supported by other WTO members, unless they can be united to back China's support for the WTO then China by itself is probably not enough. Make no mistake. The forces dedicated to the destruction of the WTO and the global multilateral trade order are powerful.So, the question becomes, what is required to mobilize and empower smaller members to be united to support the WTO system? I offer four suggestions: 1)Mid-sized members of the WTO, like Australia, need to be encouraged and supported to recognize the threat to their own prosperity that would be posed by an undermining of the WTO. The Australian Trade Minister has finally become a strong supporting voice for the WTO. He has been supported in this opinion by representations from business organizations such as the Australia China Business Council. 2)The smaller members of the WTO need to develop a coordinated and common response to the United States' attempts to dismantle or sabotage the structure and operations of the WTO. This response may be to support the efforts of mid-sized members. It is appropriate to encourage those with greater influence like Australia to support the stand. 3)Representative business chambers need to be more active in their support for the WTO and to make this support known to political leaders. This is particularly important in countries where alliances have often relied on the United States because the United States is applying pressure to disengage from the WTO. Political leaders must be told by businesses that support for the WTO is essential. 4)The WTO is a product of a previous historical period and it does need reform to enable it to function effectively in a changed economic environment where China plays a far greater role. Reform does not mean dismantling. Business councils need to work with their WTO representatives to encourage reform so that the WTO better serves the interests of the global community. We safeguard multilateral trade by refusing to engage in unilateral trade agreements. We safeguard multilateral trade by engaging in multilateral agreements such as RCEP and BRI. We safeguard the multilateral trade system by building an alternative to the dollar-based trade settlement system. This means free trade and cross-border transactions cannot be threatened or hijacked by unilateral decisions to deny access to the SWIFT settlement system and the system of US-based co-respondent banks. As President Xi said recently, blockchain and digital currencies would serve an important role in the next round of technological innovation and industrial transformation. Facilitating cross-border trade is a key objective of the Belt and Road Initiative policy. More efficient cross-border transactions use financial innovation. Blockchain is a modern iteration of the transactional structure that underpinned the success of the original Silk Road. This lies at the core of the Belt and Road Initiative and is a facilitation of capital account liquidity rather than an opening of the capital account. The core of President Xi's support for free trade is shown with the Belt and Road Initiative. This is compatible with the WTO architecture and consistent with multilateral trade agreements. It is not a replacement, nor an alternative to the WTO. The structure of the BRI supports the WTO multilateral trade environment. Those who wish to destroy the WTO are also those who are most opposed to the BRI and often lump the two together. The task falls to business chambers to actively explain the relationship between the BRI and support for multilateral trade. The Australia China Business Council does this in five ways. I offer these as an example and a guide for other business chambers. 1.We work closely with city and provincial governments to explain the way they can engage with the BRI. This includes greater explanation and education, so they have a better understanding of all the aspects of the BRI. Provincial and state governments can in turn influence the way national governments react to the BRI. 2.We work with our business members to deliver briefings on BRI activities relevant to their industrial sector. This includes agriculture, smart cities and AI developments. 3.We work with SRCIC and CCPIT to support delegation visits to share knowledge and explore business and investment opportunities that are compatible with BRI policy objectives. 4.We deliver, support and engage with a variety of public forums, roundtables and conference events that discuss the BRI. The objective is to improve the level of understanding at both the public and official level. 5.We provide briefings for ministers and officials in the national government and encourage their engagement with BRI projects. When support comes from the business community and business chambers then this counterbalances conflicting advice that may come from foreign sources opposed to the BRI. The WTO is an essential foundation of global trade. The Belt and Road Initiative is an integral part of the multilateral trade environment. Both deserve the full and active support from business councils and chambers. Our activity is an essential part of presenting a balanced picture of the rise, legitimacy and importance of China in the global economy.The author ispresident of the North Territory office for the Australia China Business Council. The opinions expressed here are those of the writer and do not represent the views of China Daily and China Daily website. Source: ChinaDaily
CSEBA congratulates Lu Jianzhong on his election to a new term as SRCIC President
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CSEBA congratulates Lu Jianzhong on his election to a new term as SRCIC President
9 Dec 2019
On the occasion of the 70th anniversary of the People's Republic of China and the sixth anniversary of the Belt and Road Initiative, 2019 Silk Road Business Summit was held in Xi'an, China on December 7, 2019. The summit is themed with a New Chapter for Win-Win Cooperation, a New World Open to Mutual Benefits. Around 300 Belt and Road government officials, international organization delegates, chamber leaders, transnational enterprise heads, and think tank experts will attend the summit. The Summit reflected on the first four years of cooperative work of the Silk Road Chamber of International Commerce (SRCIC) that currently gathers 218 organizational members from 82 countries: national chambers of commerce, business associations and other important international business platforms. SRCIC, that serves as the bridge between governments and enterprises, at this annual gathering evaluated the work of its organizational members, concrete results of the Belt and Road Initiative (BRI), and current challenges in the global economy, including trade unilateralism and protectionism, increased economic instability, climate change and others. The Silk Road Business Summit is the annual flagship event of SRCIC. It has been successfully held for 3 successive years (2016, 2017 in Xi 'an City, Shaanxi Province, 2018 in Zhangjiajie City, Hunan Province). More than 1,000 government representatives, ambassadors to China, chamber leaders, transnational enterprise heads, experts and scholars from over 100 Belt and Road countries attended the summit, jointly promoting economic and trade cooperation and cultural exchanges under the framework of the Belt and Road Initiative. Source: official website of CSEBA
Chinese, Philippine firms seek opportunities to boost cooperation
Chinese, Philippine firms seek opportunities to boost cooperation
25 Nov 2019
The Philippines-China Investment and Trade Forum kicked off on Monday to help Chinese firms seek more investment opportunities in the Philippines. The forum, jointly organized by the Chinese Council for Promoting South-South Cooperation(CPSSC) and SRCIC's member Philippine Chamber of Commerce and Industry (PCCI), aimed to implement the major consensus reached by leaders of both sides and to promote bilateral investment, particularly Chinese investment in the Philippines with the framework of south-south cooperation. The CPSSC invited some 60 senior managers and owners from 25 Chinese enterprises to feature in the forum while over 20 local firms also made their attendance to it. The one-day forum had in-depth talks on investment and trade cooperation concerning infrastructure, capacity cooperation, industrial park construction, small-and-medium-sized enterprises development, electronic devices manufacturing, and e-commerce areas, among others. Chairman of the CPSSC Lyu Xinhua said that the forum has built up a platform for communication and exchanges, provided a good opportunity for investment. Enterprises of both sides should create a community of mutual interest to realize win-win cooperation and common development, he added. Speaking at the forum, Charge d'Affaires of the Chinese embassy in the Philippines Tan Qingsheng said more and more Chinese companies are investing in various sectors in the Philippines. "At present, there are more than 40 big Chinese enterprises investing in the Philippines, directly employing close to 20,000 employees, indirectly generating 26,000 job opportunities," he said. Tan said that the forum is a great opportunity for companies of both countries to know each other and explore the possibilities for future cooperation. A one-on-one business matching session was also held during the forum to help firms from the two countries seek more chances to understand, prompting cooperations in investment areas. Su Haolin, the president of China's Nanjing Sky Valley Water Technology Co. Ltd., told Xinhua in an interview that the CPSSC provided Chinese firms a good platform to learn the Philippine investment environment and market better. "I learn that the Philippines has very huge potential in the cooperation of the water technology section and I am confident that we can make more commercial partners at the forum," he said. CPSSC, established in 2014, is a national non-profit organization dedicated to promoting mutually beneficial cooperation between China and developing countries in areas such as politics, economy, culture, and education. Source: Belt and Road Portal
JSC Partnership Fund President David Saganelidze invited to attend the 2nd China International Import Expo (CIIE)
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JSC Partnership Fund President David Saganelidze invited to attend the 2nd China International Import Expo (CIIE)
8 Nov 2019
The 2nd China International Import Expo (CIIE) opened in Shanghai on November 5, 2019. Chinese President Xi Jinping attended the opening ceremony and delivered a keynote speech. French President Emmanuel Macron, Greek Prime Minister Kyriakos Mitsotakis, Jamaican Prime Minister Andrew Holness and Serbian Prime Minister Ana Brnabić attended the opening ceremony and related activities. Before the opening ceremony, President Xi Jinping met with foreign leaders attending the Expo. David Saganelidze, member of SRCIC, JSC Partnership Fund President, attended the meeting. President Xi Jinping with foreign leaders attending the opening ceremony David Saganelidze was also invited to attend the sub-forum of 2nd Hongqiao International Economic Forum "WTO Reform and Free Trade Agreements" and gave a speech. Multilateral free trade agreements have opened up markets for Georgian products, while the WTO has safeguarded the free flow of international trade, he said. The 2nd Hongqiao International Economic Forum, sub-forum “WTO Reform and Free Trade Agreements” On November 6, JSC Partnership Fund participated in the signing ceremony held by the team of State Capital of Shanghai Trade Delegation, and the promotional conference of China Anhui (Chaohu) Import Food Industrial Park. David Saganelidze delivering speech at the promotional conference ofChina Anhui (Chaohu) Import Food Industrial Park David Saganelidze said that from the ancient Silk Road to the current Belt and Road Initiative, Georgia and China have always been friendly and cooperative partners. “During the 1st China International Import Expo (CIIE) held in 2018, with the testimony of Georgia's former Prime Minister Mr. Mamuka Bakhtadze, JSC Partnership Fund was very honored to have signed a letter of intent on the project of China Anhui (Chaohu) Import Food Industrial Park, and at the 2nd CIIE this year, we hope to sign a formal agreement of this project, to help introduce Georgian high-quality food and wine enterprises to enter the Chinese market". David Saganelidze speaks at the 2018 Silk Road Business (Zhangjiajie) Summit Source: Xinhua News Agency, Xinmin Evening News, Eastday.com, Tencent News
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