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B&R News: China's cross-border e-commerce turnover to top USD1.3 trln in 2018
B&R News: China's cross-border e-commerce turnover to top USD1.3 trln in 2018
10 Sep 2018
China's cross-border e-commerce is forecast to see turnover top 9 trillion yuan (1.3 trillion U.S. dollars) in 2018, according to a report released by the China E-Commerce Association. The report, released on Sunday at the ongoing 20th China International Fair for Investment and Trade (CIFIT), held in Xiamen, east China's Fujian Province, said that the top 10 import sources of China's cross-border e-commerce trade in 2017 were Japan, the United States, the Republic of Korea, Australia, Germany, New Zealand, the Netherlands, France, Britain, and China's Hong Kong Special Administrative Region. Cross-border e-commerce is most active in south China's Guangdong Province, followed by Beijing, east China's Zhejiang and Shandong provinces and central China's Henan Province for exports via e-commerce. Tong Xiaomin, chief engineer at the Information Center of the Ministry of Industry and Information Technology, said that the Chinese government supports cross-border e-commerce with policies and infrastructure building. Globally, however, trade protectionism in forms of tariff barriers and anti-monopoly investigations has posed negative influence on the development of cross-border e-commerce, Tong said. He suggested that Chinese e-commerce firms and importers should heed turbulence in the international trade environment and improve their global competitiveness. Meanwhile, the e-commerce platforms should explore new market and adopt new technologies and applications to ensure the high-quality development. Source:Xinhua News Agency
B&R News: African countries welcomed to join in mutual benefits of Belt, Road
B&R News: African countries welcomed to join in mutual benefits of Belt, Road
4 Sep 2018
President Xi Jinping underlined China's support for African countries to join in building the Belt and Road to achieve common prosperity. Speaking at the High-Level Dialogue Between Chinese and African Leaders and Business Representatives on Monday, Xi said China stands ready to seek synergies with African countries to build a road of high-quality development suited to national conditions, inclusive and beneficial for all participants. Xi said that African nations, as important participants, are at a historical and natural stage of the joint building of the Belt and Road. On the basis of equality and win-win outcomes, China will uphold principles of extensive consultation, joint contributions and shared benefits to push forward connectivity in policy, infrastructure, trade and capital, and bring people closer to Africa, he said. Xi said that three years ago, he proposed 10 cooperative plans to advance the joint development of China and Africa, and they have yielded fruitful outcomes. Africa makes up more than one-sixth of the global population, and the realization of common prosperity is an important part of the building of a community with a shared future for mankind, he said. China neither attaches political strings to its investment in Africa nor intervenes in the internal affairs of other countries, nor does it come up with demands that are against the will of others, Xi said. China-Africa cooperation has targeted bottlenecks to Africa's development, such as inadequate infrastructure, and uses funds in places where they count most, he added. Xi said China is willing to continue cooperation with Africa in areas including standards promotion, market access, training and customs based on win-win principles. "China encourages and supports mutual investment between China and Africa, and does not seek a trade surplus. China is ready to create conditions conducive to expanding imports," he said. Xi said he hopes entrepreneurs from China and Africa will seize new historic opportunities for innovation and make good use of modern technology. They should also observe social responsibilities, respect local culture and customs, and help bond the China-Africa friendship. The dialogue was attended by around 1,000 representatives, including 35 African leaders. Energized executives praise speech Officials and business executives from home and abroad hailed the vision outlined by President Xi Jinping's speech at the High-Level Dialogue Between Chinese and African Leaders and Business Representatives on Monday, as it would inject new growth momentum into economic development on both sides. A key take-away from Xi's speech is that he highlighted the importance of African countries adopting information technology to develop modern manufacturing, the internet and digital economies, said Sun Pishu, chairman and CEO of Inspur Group, a major Chinese server manufacturer. "We will respond to President Xi's call for more efforts to deepen business activities in Africa, including building new cloud data centers in Ghana and Ethiopia soon," he said. "We will also bring our latest technologies, products and solutions to African economies." Christopher Yaluma, Zambia's minister of commerce, trade and industry, said from Xi's speech, he sees synergies being unleashed between Africa and the Belt and Road Initiative, both of them aiming to forge stronger ties and enhance connectivity across countries. "The tangible development of the Belt and Road Initiative and new business models will further promote economic ties between China and African nations, as more financial resources and manpower have been deployed in railways, port and airport development, trade, financial services and people-to-people exchanges," Yaluma said. As to future development of the BRI, coordination mechanisms can be built on African regional, subregional and country levels, so that the Forum on China-Africa Cooperation can follow up more effectively, said Malam Sambu, Guinea-Bissau's ambassador to China. Xi's visionary remarks embodied the principle of "extensive consultation, joint contributions and shared benefits" that can serve as a guide for business practices, said Lin Yichong, chairman of China Harbour Engineering Co. Unlike some other Chinese construction companies-which focus only on engineering, procurement and construction projects-Lin said CHEC is well-positioned because it has already transferred its pillar business to new business models such as build-operate-transfer and public-private partnerships for both public and private sectors in Africa. In a build-operate-transfer model, companies usually receive a concession to finance, build and operate a project until the investment is recouped, then transfer it to a government entity. In addition to its core business of marine engineering, dredging and reclamation, the Beijing-based group also is involved in building roads and bridges, railways and airports, and in working with equipment assembly and other engineering fields related to municipal, environmental and hydraulic services in over 30 African countries. Xi put forward concrete plans to help Africa pursue quality urbanization and industrialization, such as job training programs and market access, which are prerequisites for economic and social development across Africa, said Hou Zhigang, chairman of China-Africa E-Commerce Co. Hou said China's outbound direct investment will no longer just focus on Africa's infrastructure, energy, manufacturing and agriculture, Hou said. Services-related investments in areas such as tourism, education and healthcare will become a priority and help cement business relations between China and Africa in the long run, he said. Source:China Daily
Strategic Cooperation Agreement between SRCIC, TWMG, NWD & K11
1SRCIC,TWMG, NWD and K11_副本
Strategic Cooperation Agreement between SRCIC, TWMG, NWD & K11
31 Aug 2018
On 30 August 2018, Silk Road Chamber of International Commerce (SRCIC), Tang West Market Group (TWMG), New World Development Company Ltd. (NWD) and K11 (China) signed a strategic cooperation agreement in Hong Kong. Former Bulgaria Deputy Prime Minister Aleksandar Tomov, SRCIC Honorary Chairman Jemal Inaishvili, SRCIC Executive Chairman Jean-Guy Carrier, and SRCIC First Vice Chairman Wu Yunguo, President of Tang West Market Investment Holding Co., Ltd David Kiang attended and witnessed the signing ceremony. The Signing Ceremony Mr. Li Zhonghang, SRCIC Secretary General and TWMG Executive President signed the agreement with Dr. Cheng Chi Kong, Executive Vice Chairman and General Manager of NWD, and founder and Honorary Chairman of K11 Art Foundation. The agreement is the foundation of the four parties’ cooperation and development in technology, culture, international trade and so on. Dr. Cheng Chi Kong, Mr. Jean-Guy Carrier and Mr. Li Zhonghang also delivered the speeches at the ceremony. Dr. Cheng said, “NWD, K11, SRCIC and TWMG all attach great importance to the inheritance of culture and history. For culture is one of the most important bonds in between silk road countries, it is imperative for our strategic cooperation alliance to support the Belt and Road Initiative and write a new chapter of it.” Mr. Li said this cooperation is a pivotal step for SRCIC’s future development and it is believed to yield fruitful results in economic and social development as well as cultural exchanges. NWD Chairman Cheng Kar Shun and SRCIC delegation NWD Chairman Cheng Kar Shun had an in-depth talk with SRCIC delegation after the signing ceremony. He expressed his expectation for the success of this cooperation and his confidence in the development of Chinese Mainland market. “NWD will always be optimistic to face future challenges, make greater contribution to the society and create value through sustainable company culture and innovative management." Chairman Cheng added. The agreement marks that the four parties will start to integrate their resources and advantages to facilitate overall development. BACKGROUND INFO New World Development Company Limited (NWD) was founded in Hong Kong in 1970. NWD’s core business areas include property development, infrastructure and services, retail, and hotels and serviced apartments, with a total asset value of HK$468.1 billion as at 31 December 2017. The Group also actively participates in various businesses in Mainland China and has established itself as one of the largest foreign direct investors in the country. The Group's existing investments in Mainland China across four municipalities and 19 provinces are valued at approximately US$16.5 billion as of 30 June 2017. K11 is a global high-end lifestyle brand operator under New World Group with a focus on three core values, Art, People and Nature. K11 successfully merges art with commerce and created a sustainable “art x commerce” business model, creating a museum retail concept, offices and residences in Greater China. Tang West Market Group (TWMG) is a non-government enterprise which engaged in the cultural industry and driven business in more than 20 companies,covering areas in financing and investment, commercial services, network media, online international trade logistics, Art CBD, real estate development and management, etc. TWMG adheres to the philosophy of “culture creates value and industry realizes dreams" and has taken up the mission of contributing to business growth and social development. The successful interaction of culture and business has made Tang West Market one of the State Cultural Industry Demonstration Bases in China. Tang West Market Museum, based on the Starting Point of the ancient Silk Road, is China’s first non-government heritage museum and the first state level private museum. Silk Road Chamber of International Commerce (SRCIC) is a non-government, non-profit organization of international business federations. SRCIC has over 129 organizational members from 77 countries. SRCIC serves as a bridge and a tie between its national business chambers and their governments, as a platform for its members in trade and investment, and as an important strength in the promotion of the Belt and Road construction. SRCIC enjoys high reputation in international business community.
B&R News: China, Greece ink MOU to promote Belt and Road Initiative
B&R News: China, Greece ink MOU to promote Belt and Road Initiative
30 Aug 2018
Chinese and Greek foreign ministers on Monday signed a Memorandum of Understanding (MOU) to jointly advance the construction of the Belt and Road, a Foreign Ministry spokesperson said on Tuesday. Spokesperson Hua Chunying made the remarks during a routine press release, saying that the signing of the MOU is significant to bilateral relations and Belt and Road cooperation. "The signing is like installing a new high-powered engine for China-Greece relations, which will inject strong and long-lasting impetus into the pragmatic cooperation between the two countries," said Hua, quoting Chinese State Councilor and Foreign Minister Wang Yi. As an important meeting point of the land Silk Road and the maritime Silk Road, Greece is China's natural partner in the construction of the Belt and Road, Hua said, adding that the Port of Piraeus is the model of China-Greece cooperation. Against the background of rising unilateralism and protectionism, the joint construction of the Belt and Road is an important symbol of adhering to multilateralism, in addition to being a useful exploration for improving global governance and trade and investment liberalization and facilitation, Hua said. Source:Xinhua News Agency
B&R News: Belt and Road Initiative yields fruitful results in varied aspects
B&R News: Belt and Road Initiative yields fruitful results in varied aspects
29 Aug 2018
Under the Belt and Road Initiative, China and the Belt and Road countries have made progress in cooperation in areas of culture, education, tourism, trade and more. Since 2013, China has signed 76 bilateral cooperation documents on culture and tourism with B&R countries and established bilateral or multilateral culture and tourism cooperation mechanisms with ASEAN countries, Central and East European countries, Mongolia and Russia. China has set up 16 culture centers in B&R countries, which have hosted more than 1,600 events. The Ministry of Culture and Tourism is responsible for an international young sinologist training program and has already trained 360 sinologists from 95 countries. The Belt and Road Film Festival Alliance is established in Shanghai this year to enhance information and film sharing, as well as the exchange of filmmakers and industry experts, and to start more joint projects. So far, China has reached film co-production agreements with 21 countries and regions along the B&R. Aside from the film festival alliance, B&R Library Alliance formed in May 2018. Initiated by the National Library of China (NLC), the alliance has the first batch of 24 members from countries and regions such as Bangladesh, Belarus, Malaysia, Mongolia, Thailand, and Vietnam to cooperate on document sharing, classics protection, and digitalization. In the past 5 years, China also saw an increase in the number of international students from countries covered by the BRI. A total of 317,200 students from the B&R countries studied in China in 2017, up 11.58 percent over 2016, accounting for 64.85 percent of the total international students in China. The Silk Road Sunshine Fund (SRSF) proposed by Silk Road Chamber of International Commerce acts as one of the contributors. From 2017, SRSF has sponsored 60 outstanding students selected from B&R countries to study at top universities in Xi’an city, the starting point of ancient Silk Road. Within the Belt and Road countries, China has set up 81 education institutions and projects as well as 35 cultural centers. In the first half of 2018, China spent over 270 million yuan (around $39.3 million) on the Silk Road scholarships. Tourism industry along the Belt and Road also sees robust growth. The total number of inbound and outbound tourists between China and the B&R countries is expected to exceed 85 million by 2020, spending about $110 billion. The aggregate scale of international tourism along the Belt and Road accounts for around 70 percent of the global total, said Li Jinzao, China's vice minister of culture and tourism at the Belt and Road tourist city mayors' summit in Zhengzhou, capital of Central China's Henan province in May. According to the UNWTO’s report released at the summit, the number of tourists in the areas along the Road grew from 775,000 in 2012 to nearly 3.1 million in 2016, with 2.1 million coming from China. China has become a major driving force for the tourism in countries and regions along the 21st-Century Maritime Silk Road. By June 2018, trade in goods between China and countries involved in the Belt and Road Initiative surpassed $5 trillion, with an average annual increase of 1.1 percent, according to the State Council Information Office’s report. As the largest trading partner on the Silk Road, China has established 82 economic and trade cooperative zones in countries along the route and attracted 3,995 companies to the zones. Total investment in the zones has reached $28.9 billion, and generated 244,000 local jobs and tax revenue of more than $2 billion. The country has signed or upgraded five free trade agreements with 13 countries along the route, and is expanding a high-standard free trade network covering B&R countries and serving the whole world. Source: partly from Xinhua News Agency
B&R News: China’s free trade zones facilitate market exploration
B&R News: China’s free trade zones facilitate market exploration
28 Aug 2018
China’s growing needs for imported products and its opening-up policy have driven the establishment of pilot free trade zones in several major cities over the past five years, including the Henan Pilot Free Trade Zone, which opened last year with the aim of expanding business opportunities in the populous province in central China. China has imported over 200.57 million liters of wine in the first quarter of 2018, worth 792 million US dollars, according to the China Association for Import and Export of Wine and Spirits (CAWS). Imported wines on display at a store in Henan Pilot Free Trade Zone. (CGTN Photo) China’s imports of alcoholic drinks grew 9.1 percent year-on-year in 2017, and growth of wine imports reached 17.95 percent in the same period, according to official data. To meet the growing demand for overseas food, beverages and other products, free trade zones can now be found all over the country, each with a different focus. Shanghai FTZ is the first free trade zone in China, which specifically focuses on import and export trade. Henan Pilot Free Trade Zone is the center of logistics with its central location. Tianjin FTZ is the only of its kind in Northern China, concentrating on shipping, financial leasing and high-end manufacturing. Guangdong FTZ is the connecting point of Mainland China to Hong Kong and Macau and the shipping origin from China to Europe and Africa. Shaanxi FTZ is western China’s center for logistics and technical cooperation. Apart from free trade zones, online B2B platforms emerge quickly. SRCIC has set up the www.esilkroad.com in 2016 to promote cross-border e-commerce. The eSilkRoad platform has created a record sale of 300 thousand bottles of Georgian wine in an hour. Source: partly from CGTN
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