China EximBank issues financial bonds to support Belt and Road cooperation
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China EximBank issues financial bonds to support Belt and Road cooperation
18 Jul 2024
BEIJING, July 17 (Xinhua) -- The Export-Import Bank of China (China EximBank) has launched financial bonds to boost cooperation for the Belt and Road Initiative (BRI) in both interbank and over-the-counter markets. This is the first time such bonds, maturing in three years, are being traded beyond the interbank market, with the funds raised aiming at supporting China EximBank's BRI projects, according to the bank. As a policy bank supporting China's foreign trade, investment and international economic cooperation, the China EximBank has so far issued 39 billion yuan (about 5.47 billion U.S. dollars) of financial bonds to promote BRI cooperation. To boost financing for the BRI project, China announced last October that two Chinese policy banks, including the China EximBank, would each set up a 350 billion yuan financing window, and an additional 80 billion yuan would be injected into the Silk Road Fund. Source: Xinhua
People-to-people connections inseparable from BRI: Malaysian official
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People-to-people connections inseparable from BRI: Malaysian official
17 Jul 2024
KUALA LUMPUR, July 15 (Xinhua) -- People-to-people engagement adds soul to Malaysia-China shared connection, bringing the two countries closer, Tengku Zafrul Abdul Aziz, the minister of Investment, Trade and Industry said on Monday at a Belt and Road Initiative (BRI) cooperation story-sharing session. "Thousands of Malaysian students are currently studying in China," he said, adding that the huge influx of Chinese tourists allows them to experience Malaysia firsthand. Zafrul also said that trade between the two countries is not just about numbers, but has had positive benefits for ordinary people with Malaysia's exports to China, such as electrical and electronics, mining goods, liquified natural gas, palm oil, and rubber have been welcomed while Chinese investments have spurred Malaysia's growth in infrastructure, technology, and manufacturing sectors. Meanwhile, Chinese Ambassador to Malaysia Ouyang Yujing said China and Malaysia enjoy extensive people-to-people exchanges and are committed to mutual respect and mutual learning among different civilizations, and enhancing cooperation. "We will strengthen strategic mutual trust, continue to prioritize our bilateral relations in respective foreign policy, understand and support each other's core interests and major concerns," he said, adding that the recent visa exemption policy has been warmly received by both sides and boosted tourism and travel between the two. Organized by the Southeast Asia Research Centre for Humanities, the story-sharing session is to mark the 50th anniversary of the establishment of bilateral diplomatic ties and will be held in other states of Malaysia. Source: Xinhua
China's rail freight volume, turnover hit record highs in June
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China's rail freight volume, turnover hit record highs in June
16 Jul 2024
BEIJING - The volume and turnover of China's rail freight reached historic highs in June, maintaining top global rankings, data showed on Sunday. The country's railways transported 332 million tons of cargo in June, with a freight turnover of 266.5 billion ton-kilometers, up 6.1 percent and 5.3 percent year-on-year, respectively, according to China State Railway Group Co Ltd, China's national passenger and freight railroad operator. In June, national rail shipments of containers, automobiles and cold-chain cargo increased 18 percent, 12.1 percent and 21.2 percent, respectively, all reaching record highs. Earlier data shows that rail passenger trips in China hit a record high of approximately 2.1 billion in the first half of 2024, a year-on-year surge of 18.4 percent. Cross-border cargo transportation has also seen rapid growth, ensuring the stability of international supply chains and injecting new impetus into China's foreign trade development and high-level opening-up, the operator said. The China-Europe freight train service recorded 1,719 trips in June, up 15 percent year-on-year, and shipped 180,000 containers, up 11 percent. The service has recorded more than 10,000 trips this year, connecting 224 cities in 25 European countries and over 100 cities in 11 Asian countries. Its trains transport more than 50,000 types of goods. Cross-border cargo shipments on the China-Laos Railway, a landmark project of high-quality Belt and Road cooperation, climbed to 2.783 million tons last month, a year-on-year increase of 20.7 percent. Source: Xinhua
Chinese firms' new-age ventures elevate BRI
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Chinese firms' new-age ventures elevate BRI
15 Jul 2024
At Chinese automaker Great Wall Motor's welding workshop in Rayong, Thailand, numerous robotic arms in operation indicate the level of high-tech in use even as Chinese technicians guide local employees through the welding process. Following the successful rollout of its first electric vehicle at its plant in Thailand this January, the Baoding, Hebei province-based carmaker said that multiple batches of Thai workers have now mastered the production processes of its EV products. They have thus become valuable assets for the company, aiding its expansion efforts in other Southeast Asian markets. Elsewhere, Beijing-based artificial intelligence services provider Terminus Group is charting a similar course to bring additional value to an overseas market. Amid the intensified efforts by many Middle Eastern countries to leverage the digital economy for sustainable growth, Terminus launched its international headquarters in Dubai, the United Arab Emirates, in February. It will not only facilitate Terminus' projects and business expansion initiatives in the UAE, Saudi Arabia, Qatar, Oman and other countries in the region, but also support the group's operations in Singapore, Australia and numerous countries participating in the Belt and Road Initiative. Both GWM and Terminus are epitomes of a larger trend — that of Chinese enterprises operating in the vast BRI landscape going beyond big-ticket infrastructure projects like dams, highways, railroads, airports and municipal engineering works. As many parts of the world enter a new phase of development, Chinese companies, particularly those from high-end manufacturing and trade in services, are adjusting their strategies to better align with the evolving environment in BRI economies, said Wan Zhe, a researcher at the Belt and Road School of Beijing Normal University. Facing challenges like escalating geopolitical tensions and rising protectionism in certain countries, Chinese enterprises are focusing on avoiding risks and generating revenue through higher-value business ventures that serve the changing landscape better, said Wan. For instance, GWM plans to start operations at its new factories in Vietnam, Indonesia and Malaysia this year or the next. Similarly, Chang'an Automobile Co, a Chongqing-based State-owned automaker, is building a factory in Rayong province, Thailand. The first phase of the project will involve an investment of over $240 million and is scheduled to begin production in 2025. The new energy vehicles produced will be not only marketed in Thailand but also exported to other neighboring ASEAN (the Association of Southeast Asian Nations) countries, as well as Australia, New Zealand, the United Kingdom and South Africa, said Shen Xinghua, president of Chang'an Automobile's business for Southeast Asia. Shen said that the initial annual production capacity of this plant is 100,000 units, which will be gradually expanded to 200,000 units in the next phase. Chen Bin, deputy director of an expert committee at the Beijing-based China Machinery Industry Federation, said that South Africa, Hungary, Saudi Arabia, Indonesia, Vietnam and Malaysia have all formulated EV-related policies to encourage and support the development and growth of the industry. Highlighting that electrification and intelligence complement each other, Chen said with growing populations in many countries, particularly in Africa and Southeast Asia, an increasing number of young consumers who prefer smart technologies are emerging, making these markets more proactive in embracing EVs. His observation reflects a trend. China's NEVs are becoming popular in overseas markets thanks to their quality, driving range and multifunctionality. Some 519,000 EVs and plug-in hybrids were exported from China between January and May, up 13.7 percent year-on-year, said the China Association of Automobile Manufacturers. China's continuous efforts to enhance institutional opening-up and secure high-standard economic and free trade agreements, alongside the swift expansion of its tech-intensive green product industries, are anticipated to propel its companies to strategically invest in new plants, service centers and innovation facilities in markets involved in the BRI, said Yu Jianlong, vice-chairman of the Beijing-headquartered China Council for the Promotion of International Trade. In addition to automakers such as SAIC Motor, Beijing Automotive Group, Guangzhou Automobile Group and BYD, Chinese battery and component manufacturers, including Contemporary Amperex Technology Co Ltd, Gotion High-tech Co Ltd and EVE Energy Co Ltd, have invested in BRI economies to supply products to their domestic partners and create jobs for local communities. Recognizing this trend, Matthias Loebich, partner and leader for international business at Bearing-Point, a European management and technology consultancy with more than 10,000 employees across 70 countries and regions, said that China's fast-growing EV sector will continue to lead the world's green transition and create enormous growth opportunities for upstream and downstream industries in the BRI landscape. "This is evident in our doubling of Chinese automotive clients seeking consulting support over the past two years," said Loebich, noting that Chinese automakers are enhancing their internal capabilities in management, digital transformation and overseas strategies, learning from advanced markets to elevate their global presence. The company established a dedicated team to help Chinese automakers conduct sustainability-related activities in both home and global markets in 2023, in order to further enhance their growth strength. Collectively, such moves have had a positive effect on official data. China's nonfinancial outbound direct investment came in at $60.2 billion in the first five months, up 16.3 percent year-on-year, statistics from the Ministry of Commerce showed. China's cooperation with countries and regions participating in the BRI continued to show growth momentum as ODI in these economies came in at $12.81 billion, up nearly 13 percent year-on-year. The value of trade between China and BRI economies was worth 8.31 trillion yuan ($1.14 trillion) during the January-May period, up 7.2 percent year-on-year, data from the General Administration of Customs showed. Such a rise will likely be sustained given certain strategic Chinese corporate moves. For instance, in late June, Chinese train maker CRRC Corp, driven by its product upgrade and technology accumulation, unveiled seven new energy locomotives in Beijing, to offer the world new solutions for green, low-carbon development in rail transport. These will enrich CRRC Corp's overall product offerings. This marked a notable step forward in green transition efforts in both domestic and global markets. Lin Cunzeng, CRRC's vice-president, said the development of this series of new energy locomotives is a concrete step to promote the renewal and upgrade of outdated equipment in both home and foreign markets, and advance the green and low-carbon transformation of rail transit equipment. "They will contribute to the high-quality growth of the BRI and enrich China's export content," said Lin. These new locomotives, he said, will drive the demand for diverse new energy products like power batteries and hydrogen energy power packs. They will, therefore, stimulate the development of upstream industries like basic materials and core components, fostering new drivers of economic growth. The current reshaping of the global supply chain has generated new avenues for Chinese companies to match their capabilities with shifting market needs, said Lyu Yue, a professor at the Academy of China Open Economy Studies, part of the University of International Business and Economics in Beijing. "Showing strong competitiveness, Chinese companies excel in industries like new energy vehicles, lithium-ion batteries and photovoltaic products," said Lyu, adding this has resulted in increased acceptance and collaboration from many countries involved in the BRI. Agreed Michael Dyke, CEO of the Riyadh-based New Murabba Development Co, a business unit of Saudi Arabia's Public Investment Fund. Dyke said that the tangible growth of the BRI and enhanced Sino-Saudi business relations will attract more Chinese companies to expand their market presence in Saudi Arabia. New Murabba Development is responsible for building a modern town in Riyadh. Its development spans 19 square kilometers. The project will include 2 million square meters of floor space featuring retail areas, tourist attractions, 104,000 residential units, 9,000 hotel rooms and 80 entertainment venues. Its first phase is scheduled to be completed and operationalized in 2030. China Harbour Engineering Co Ltd, a Beijing-headquartered subsidiary of State-owned China Communications Construction Co Ltd, will carry out the first phase of excavation work for this project. Source: China Daily
China sees imports and exports expand yearly
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China sees imports and exports expand yearly
12 Jul 2024
China's total goods imports and exports expanded 6.1 percent year-on-year in the first half of this year to 21.17 trillion yuan ($2.91 trillion), hitting a recording high, data from the General Administration of Customs showed on Friday. The country's exports rose 6.9 percent year-on-year to 12.13 trillion yuan during the period, while imports climbed 5.2 percent to 9.04 trillion yuan, according to the administration. China's import and export growth has gained momentum with each passing quarter, as the second quarter witnessed a year-on-year increase of 7.4 percent, the administration said. This growth rate surpasses the first quarter by 2.5 percentage points and the fourth quarter of the previous year by 5.7 percentage points, indicating a further consolidation of the positive trend in foreign trade, administration added. In H1, the Association of Southeast Asian Nations remained China's largest trade partner. China's trade with ASEAN economies climbed 10.5 percent year-on-year to 3.36 trillion yuan, accounting for 15.9 percent of the country's total trade value, the administration said. In the first six months, China's trade with the European Union fell 0.7 percent from a year earlier, while the country's trade with the United States rose 2.9 percent year-on-year, the data showed. During the same period, China's trade with countries and regions involved in the Belt and Road Initiative amounted to 10.03 trillion yuan, which witnessed a year-on-year increase of 7.2 percent, according to the data. China saw a steady export growth of mechanical and electrical products such as data processing devices, cell phones, and automobiles during this period, which rose 8.2 percent to 7.14 trillion yuan and accounting for 58.9 percent of the country's total exports. In particular, exports of automobiles totaled 391.8 billion yuan, up 22.2 percent year-on-year. Source: China Daily
Belt and Road countries, regions seek opportunities in Gansu
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Belt and Road countries, regions seek opportunities in Gansu
11 Jul 2024
Representatives from countries and regions involved in the Belt and Road Initiative said at the ongoing 30th China Lanzhou Investment and Trade Fair that they will further promote cooperation and exchanges with Northwest China's Gansu province. The event themed "Sharing Opportunities, Seeking Development, and Creating Prosperity Together", is underway from July 6 to 10 in Lanzhou, the capital of Gansu province. It has attracted representatives from the Belt and Road countries and regions, international organizations, well-known overseas enterprises, and business associations to conduct multi-level and multi-sector investment promotion and trade facilitation activities. Vladimir Karanik, governor of Grodno Region in Belarus, said the Grodno region and Gansu have a long history of cooperation in various fields, and there is enormous potential for further collaboration. He hopes to strengthen mutual cooperation in trade, education and tourism to benefit the people of both regions. Lin Chuqin, chairman of the Thai-Chinese Chamber of Commerce, said Gansu has a profound cultural heritage and vibrant development prospects. He said Thailand will further promote exchanges with Gansu in multiple fields and at multiple levels, to make greater contributions to the economic and trade prosperity of both sides. Hu Changsheng, Party secretary of Gansu, said the Lanzhou fair has attracted a large number of knowledgeable individuals and entrepreneurs from both China and abroad to invest and start businesses in Gansu. He said Gansu is accelerating the construction of a modern industrial system and creating a market-oriented, rule-of-law-based and internationalized business environment, and the province looks forward to deepening cooperation with all parties to create a better future together. A total of 1,325 investment projects worth 604 billion yuan($83 billion) are expected to be signed during the event, according to the organizers. Source: China Daily
Lu Jianzhong, chairman of SRCIC, attended the third Belt and Road Forum for International Cooperation at invitation
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Lu Jianzhong, chairman of SRCIC, attended the third Belt and Road Forum for International Cooperation at invitation
19 Oct 2023
From October 17-18, 2023, the third Belt and Road Forum for International Cooperation (BRF III)was convened in Beijing, China. Lu Jianzhong, chairman of the Silk Road Chamber of International Commerce (SRCIC), was invited to attend the grand event, at which he has reviewed the outstanding achievements and envisioned the bright future of the Belt and Road Initiative (BRI)with participants from around the world. Chairman Lu Jianzhong meets SRCIC members at the thematic forum on People-to-People Bonds:Mario Rendulic, president of Chinese Southeast European Business Association (left)andDavid Saganelidze, CEO of Georgia's state-run Partnership Fund (right) Amity between people holds the key to the sound relations between states.People-to-people exchangeis an important part of the Belt and Road construction, and also the social foundation for promoting the joint construction of it.Since its establishment in 2015, SRCIC has actively engaged in cultural exchanges and carried out a series of practical and efficient projects to promote people-to-people exchanges. The Silk Road Sunshine student grant set up by SRCIC has funded more than 50 outstanding students from Russia, Lebanon, Ukraine, Kazakhstan, Palestine, Kyrgyzstan, Tajikistan, Azerbaijan, Jordan and other countries along the Belt and Road to study in Northwestern Polytechnical University, Xi'an Jiaotong University, Chang'an University, Shaanxi Normal University, and Northwestern University.SRCIC has been taking solid actions to promote educational cooperation with the Belt and Road countries, cultivate "ambassadors" for cultural exchanges, and advance people-to-people exchanges. In the face of new historical opportunities, SRCIC will work with its members and partners from all over the world to expand cooperation areas, innovatecooperation methods, and continued to consolidate the mass base of the BRI, and contribute to the building of a community with a shared future for mankind. Notes The BRF III is themed on “High-quality Belt and Road Cooperation: Together for Common Development and Prosperity”. It was attended by representatives from over 150 countries. Three high-level forums were held under the topics of Connectivity in an Open World Economy, Green Silk Road for Harmony with Nature, and Digital Economy as a New Source of Growth, respectively. Six thematic forums with focuses on Trade Connectivity, Maritime Cooperation, Clean Silk Road, Think Tank Exchanges, People-to-People Bonds, and Subnational Cooperation were respectively convened. Among which, the thematic forum on People-to-People Bonds was hosted by the International Department of the Central Committee of the Communist Party of China and attended by about 300 representatives of political parties, non-governmental organizations, and relevant domestic departments, experts and scholars. The foreign participants speak highly of President Xi Jinping’sforesight as to have proposed the BRI and of the fruitful achievements made during the last 10 years that has benefited participating countries. They are willing to make greater contributions to the high-quality joint construction of the Belt and Road with high-level cultural exchanges. Source: Partial content excerpted from media reports such as Xinhua News Agency
Chairman Lu Jianzhong Re-elected as Deputy to the National People's Congress
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Chairman Lu Jianzhong Re-elected as Deputy to the National People's Congress
17 Feb 2023
On January 16of 2023, 69 deputies from Shaanxi Province were elected to the 14th National People's Congress(NPC) in accordance with the law at the first session of the 14th Shaanxi Provincial People's Congress. Lu Jianzhong, Chairman of the Silk Road Chamber of International Commerce and Chairman of Tang West Market Group, was re-electedas a deputy to the NPC since his last term beginning in January 2018. Before that, Chairman Luwerea member of the National Committee of the Chinese People's Political Consultative Conference (CPPCC)for three terms. Since his election as a deputy to the NPC, Luhas been earnestly performinghis duties. He has made suggestions on hot issues such as the innovative development of cultural industry, encouraging and supporting the private economy, and high-quality construction of the Belt and Road Initiative. He put forward the Proposal on the Enactment of the Law on Promoting the Digital Economy.A total of 24 proposals were suggestedin areas such as giving full play to the private sector to promote the Belt and Road Initiative and the high-quality development of the private economy, whichprovide detailed reference for relevant ministries and commissions onformulatingpolicies and regulations. Some of the suggestions have been incorporated into relevant planning or policy-relateddocuments.
May the people of Türkiye and Syria recover from the earthquake and rebuild their homes at an early date
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May the people of Türkiye and Syria recover from the earthquake and rebuild their homes at an early date
8 Feb 2023
A magnitude 7.7 earthquake struck Türkiye’s southern border at 4:17 a.m. local time (0917 GMT+8) on February 6. The earthquake was the most devastating one in Türkiye since 1999, wreaking havoc on at least 10 provinces. The death toll climbed to 2,316 in Türkiye and 711 in Syria, and the number of injured rose to 13,293 in Türkiye and 1,431 in Syria as of February 6 local time, according to Türkiye's Disaster and Emergency Management Agency and Syrian Ministry of Health. Left: damaged buildings in the Pazarcik district of Kahramanmaras province, Türkiye on February 6. Right: rescue efforts at a collapsed building in Malatya, Türkiye on February 6. (Source: Xinhua News) On February 6, Chinese president Xi Jinping sent messages of condolences to the Turkish president Recep Tayyip Erdogan and Syrian president Bashar al-Assad. The message reads as follows: “I was distressed to learn of the powerful earthquake which has caused heavy casualties and property losses. On behalf of the Chinese government and people, I would like to express our deep condolences to the victims and the injured, and their families. We are confident that your people will recover from the disaster and rebuild homes in no time under the leadership of your administration.” SRCIC, with its 218 organizational members from 82 countries, has several Turkish members. Upon learning the severe earthquake in Türkiye, SRCIC chairman Mr. Lu Jianzhong and the Secretariat sent condolences to Mr. Rifat Hisarcıklıoğlu, President of the Union of Chambers and Commodity Exchanges of Türkiye, Mr. Adnan Akfirat, Chairman of the Turkish-Chinese Business Development and Friendship Association, and the Çalık Group. The Chinese government swiftly launched emergency humanitarian assistance mechanism and provided 40 million RMB of emergency assistance to Türkiye at the first batch, including sending out urban rescue teams and medical teams, and providing relief materials. China also coordinated the delivery of relief supplies to Syria and a speedy implementation of ongoing food aid projects. Meanwhile, Chinese people from all walks of life extended a helping hand to Türkiye and Syria. The Red Cross Society of China donated 200,000 US dollars to both countries respectively. Chinese people in the disaster-hit areas are raising donations of tents, blankets and other relief supplies. It is learned that China's Rescue Team of Ramunion, a civilian rescue organization, has arrived at the disaster area this morning to carry out rescue. Political leaders of many countries expressed their sympathy and support to Türkiye after learning the massive casualties caused by the powerful 7.8 magnitude earthquake. We hereby call on all SRCIC members and the international community to provide assistance and support within their capacity to the affected people in Türkiye and Syria. Source: Xinhua News
Lu Jianzhong attends Member Representative Symposium of 2022 World Internet Conference
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Lu Jianzhong attends Member Representative Symposium of 2022 World Internet Conference
9 Nov 2022
On November 8th, as a prelude to the 2022 World Internet Conference (WIC) Wuzhen Summit, the WIC Member Representative Symposium was held on the venue in ZhejiangProvince. This is the first symposium since the establishment of WIC International Organization, aiming to enhance exchange and cooperation between the organization and its members, and among the membersthemselves. Zhuang Rongwen, chairman of the WIC Organization Committee,attended and addressed the symposium. The eventwasmoderated by WIC Secretary GeneralRen Xianliang. More than 30 member representatives from international organizations, leading global Internet companies, industry authorities and associations listedthe symposium. Lu Jianzhong, chairman of the Board of Directors of Tang West Market Group and chairman of the Silk Road Chamber of International Commerce,discussed with other representatives about the opportunities and challenges brought by the development of global internet and the prospects of WIC. Zhuangpointed out that as a common platform for the global Internet family, the WIC originates in China but belongs to the world. He hoped that members would contribute their suggestions to the Conference, participate initsconstructionand support its development. Members need to build consensus on ideas, focus on new challenges and problems in cyberspace, and align the efforts of international community to resolve differences.Thedeepeningintegration of digital economy and real economy, and coordination of global industrial and supply chainsare the focuses in developing the digital economy. Members shouldboostscientific and technological innovation, strengthen international collaborationand global cooperation, and exchangevisions and applications of Internet-related technology. Members should deepen cultural exchanges, promote cooperation in internet media, and strengthen the construction of internet culture. Members shouldalsofocus on leading global cooperation, pursuingcommon prosperity for all mankind, deepeningcommon interests and promoting mutual benefit in the Internet sector. LuJianzhongbriefed thethree platformsbuilt by Tang West Market Group, namely the Datang Chain, the Hainan International Cultural and Art Trading Center,and the Silk Road Chamber of International Commerce (SRCIC). The platforms are part of the contributing efforts tothedigital cultural industry,the cultural cause,and the construction of Digital China.He suggestedbuildinga multi-chain, cross-chain and internationally-oriented blockchain infrastructure for cultural and art transactions and a cultural digital Silk Road, which can be based on theDatang Chain, a national blockchain anda pilot project of copyright innovativeapplication. The international resources and industrial advantages of SRCICcould also contribute to this cause. The proposal outlines a cultural digital platform for artworks trading and exchange among various countries. The platform integrates functions including ownership validation, authentication, pricing, sequencing and confirming. Together, they resolve the three pain points of the industry - appraisal, valuation and standardization of artworks. This endeavor will boost international cultural and art exchanges and transactions, and enhance mutual learning among civilizations along the Belt and Road. The WIC International Organizationwas established on July 12 this year. It is an international, industrial and non-profit social organization set upvoluntarily by enterprises, organizations, institutions and individuals committed to facilitatingthe global Internetdevelopment. It was registered in China and headquartered in Beijing. Source: World Internet ConferenceWeChat Official Account
SRCIC Vice Chair Maria Fernanda Garza elected as new ICC Chair
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SRCIC Vice Chair Maria Fernanda Garza elected as new ICC Chair
16 Jun 2022
The International Chamber of Commerce (ICC) is delighted to welcome Maria Fernanda Garza as its new Chair. After serving as ICC First Vice-Chair for the past two years, the small business owner from Mexico succeeds Ajay Banga as ICC Chair, making her the first woman to hold this position. Maria Fernanda Garza has been elected ICC Chair for a period of two years following a meeting of the ICC World Council, held yesterday in Mexico City. The ICC World Council additionally elected Philippe Varin, Chair of ICC France, as ICC First Vice-Chair, and Nayla Comair Obeid and Harsh Pati Singhania as ICC Vice-Chairs. Ms Garza is CEO of Orestia, as well as SRCIC Vice Chair, a small manufacturing home improvement solutions company based in Mexico, with exports to the USMCA region, Latin-America and Asia. A lifelong advocate for small and medium businesses in her home country and around the world, she participated 19 years in the Mexican Employers' Association (COPARMEX) and served as Vice-President for four years. In her new role, Ms Garza will continue to drive ICC's mission to make business work for everyone, every day, everywhere. Commenting on her election, Maria Fernanda Garza said: "Given the magnitude of the downside risks facing the global economy, it's absolutely vital for us to have a united business voice committed to openness, fair competition and the enablement of peace through international trade.” "In a period that has been characterized by weak international cooperation, I believe that ICC has a vital role to play in harnessing the expertise, innovation and networks of the private sector to secure an effective response to major global challenges. Simply put, our mission to enable peace and prosperity through trade has never been more vital — and, indeed, more urgent." Ms Garza's interest in improving the business environment made her a prominent business leader at a young age. She was the ICC Regional Coordinator for the Americas and a member of the governing body of the ICC International Court of Arbitration. An ICC Executive Board member since 2014, Ms Garza became the first woman to be elected as ICC First Vice-Chair in 2020. A strong advocate of business ethics and corporate governance standards, Ms Garza was Chair of ICC Mexico until June 2020 and is a former member of the International Affairs Advisory Committee of the Ministry of Labour and former member of the National Advisory Committee of ACLAN. She is also a Board Member of the Corporate Responsibility Alliance AliaRSE and was a member of the Corporate Responsibility Network of the Business and Industry Advisory Committee to the OECD. ICC Secretary General John W.H. Denton AO said: "In her new capacity as Chair, Maria Fernanda's experience and insights as CEO of a successful small business will further reinforce the work we do and help ensure that ICC reaches the whole of the international business community. She has already contributed greatly to ICC's work at the global, regional and national levels, and we are very happy that she will remain a strong champion for ICC and challenge us to push ahead to promote more inclusive growth and prosperity." Effective 14 June 2022 for a two-year term, Ms Garza succeeds Ajay Banga in the role. We take this opportunity to thank Mr Banga for his outstanding leadership of our organisation during the past two years, a particularly challenging and uncertain time for businesses worldwide. Mr Banga will continue to serve on the ICC Executive Board as Honorary Chair. The ICC World Council also elected six new members of the ICC Executive Board for three-year terms, strengthening gender, ethnic and geographical diversity in ICC's leadership. Holger Bingmann, Managing Partner, Bingmann Pflüger International GmbH (Germany) Rebecca Enonchong, CEO, AppsTech and Chair of Afrilabs (Cameroon) Marjorie Yang, Chairwoman, Esquel Group (Hong Kong) Lama Al Sulaiman, Shareholder and a Board Member of Rolaco Holdings, KSA, and LUX (Saudi Arabia) Nicolas Uribe, Chair, Bogota Chamber (Colombia) Justin D’Agostino, CEO, Herbert Smith Freehills (Hong Kong) Fredrik Cappelen, Chair at Dometic and Transcom (Sweden), and Candace Johnson, Vice-Chair at NorthStar Earth and Space (Luxembourg/United States) are starting second terms as members of the ICC Executive Board. The ICC World Council additionally ratifiedthe election of Nicolas Uribe, President of the Bogota Chamber of Commerce and Chair of ICC Colombia, as Chair of the ICC World Chambers Federation. His term begins on 1 July 2022. Source: iccwbo.org
Lum Wan Liang, Consul General of Consulate General of Malaysia in Xi'an and his delegation paid a visit to SRCIC Secretariat
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Lum Wan Liang, Consul General of Consulate General of Malaysia in Xi'an and his delegation paid a visit to SRCIC Secretariat
28 Apr 2022
SRCIC Secretary General Diane Bian held a talk with Lum Wan Liang, Consul General of Consulate General of Malaysia in Xi'an and his delegation On April 27, 2022, SRCIC Secretary General Diane Bian held a talk with Lum Wan Liang, Consul General of Consulate General of Malaysia in Xi'an, Loh Kai Yong and Raymond Raman, President and Secretary General of the Xi'an Branch of Malaysian Chamber of Commerce and Industry in China (MAYCHAM CHINA). SG Bian first extended welcome to Consul General Lum Wan Liang and his delegation. She pointed out that SRCIC has been committed to building a cooperation platform between governments and enterprises. Despite the suspension of offline activities due to the COVID pandemic, the long-standing cooperation and friendship between SRCIC and its members and partners continues. It is expected that in the post pandemic period, SRCIC and Malaysian Consulate can resume cooperation and share new opportunities for investment and development by co-sponsoring business promotion seminars and other activities. SG Diane Bian and Consul General Lum Wan Liang Although it was only his first visit to SRCIC, Consul General Lum said he had an understanding of it through MAYCHAM CHINA and affirmed SRCIC's achievements since its establishment. Subsequently, he introduced the Consulate General of Malaysia in Xi'an, and said that today's meeting is only a beginning to the many more opportunities to discuss cooperation in depth in the future. The meeting was also attended by Emma Wei, Director of SRCIC Membership Center Section I, Alina Cao, Director of SRCIC Membership Center Section II, and Valentina Wang, Deputy Director of of SRCIC Membership Center Section II.
China EximBank issues financial bonds to support Belt and Road cooperation
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China EximBank issues financial bonds to support Belt and Road cooperation
18 Jul 2024
BEIJING, July 17 (Xinhua) -- The Export-Import Bank of China (China EximBank) has launched financial bonds to boost cooperation for the Belt and Road Initiative (BRI) in both interbank and over-the-counter markets. This is the first time such bonds, maturing in three years, are being traded beyond the interbank market, with the funds raised aiming at supporting China EximBank's BRI projects, according to the bank. As a policy bank supporting China's foreign trade, investment and international economic cooperation, the China EximBank has so far issued 39 billion yuan (about 5.47 billion U.S. dollars) of financial bonds to promote BRI cooperation. To boost financing for the BRI project, China announced last October that two Chinese policy banks, including the China EximBank, would each set up a 350 billion yuan financing window, and an additional 80 billion yuan would be injected into the Silk Road Fund. Source: Xinhua
People-to-people connections inseparable from BRI: Malaysian official
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People-to-people connections inseparable from BRI: Malaysian official
17 Jul 2024
KUALA LUMPUR, July 15 (Xinhua) -- People-to-people engagement adds soul to Malaysia-China shared connection, bringing the two countries closer, Tengku Zafrul Abdul Aziz, the minister of Investment, Trade and Industry said on Monday at a Belt and Road Initiative (BRI) cooperation story-sharing session. "Thousands of Malaysian students are currently studying in China," he said, adding that the huge influx of Chinese tourists allows them to experience Malaysia firsthand. Zafrul also said that trade between the two countries is not just about numbers, but has had positive benefits for ordinary people with Malaysia's exports to China, such as electrical and electronics, mining goods, liquified natural gas, palm oil, and rubber have been welcomed while Chinese investments have spurred Malaysia's growth in infrastructure, technology, and manufacturing sectors. Meanwhile, Chinese Ambassador to Malaysia Ouyang Yujing said China and Malaysia enjoy extensive people-to-people exchanges and are committed to mutual respect and mutual learning among different civilizations, and enhancing cooperation. "We will strengthen strategic mutual trust, continue to prioritize our bilateral relations in respective foreign policy, understand and support each other's core interests and major concerns," he said, adding that the recent visa exemption policy has been warmly received by both sides and boosted tourism and travel between the two. Organized by the Southeast Asia Research Centre for Humanities, the story-sharing session is to mark the 50th anniversary of the establishment of bilateral diplomatic ties and will be held in other states of Malaysia. Source: Xinhua
China's rail freight volume, turnover hit record highs in June
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China's rail freight volume, turnover hit record highs in June
16 Jul 2024
BEIJING - The volume and turnover of China's rail freight reached historic highs in June, maintaining top global rankings, data showed on Sunday. The country's railways transported 332 million tons of cargo in June, with a freight turnover of 266.5 billion ton-kilometers, up 6.1 percent and 5.3 percent year-on-year, respectively, according to China State Railway Group Co Ltd, China's national passenger and freight railroad operator. In June, national rail shipments of containers, automobiles and cold-chain cargo increased 18 percent, 12.1 percent and 21.2 percent, respectively, all reaching record highs. Earlier data shows that rail passenger trips in China hit a record high of approximately 2.1 billion in the first half of 2024, a year-on-year surge of 18.4 percent. Cross-border cargo transportation has also seen rapid growth, ensuring the stability of international supply chains and injecting new impetus into China's foreign trade development and high-level opening-up, the operator said. The China-Europe freight train service recorded 1,719 trips in June, up 15 percent year-on-year, and shipped 180,000 containers, up 11 percent. The service has recorded more than 10,000 trips this year, connecting 224 cities in 25 European countries and over 100 cities in 11 Asian countries. Its trains transport more than 50,000 types of goods. Cross-border cargo shipments on the China-Laos Railway, a landmark project of high-quality Belt and Road cooperation, climbed to 2.783 million tons last month, a year-on-year increase of 20.7 percent. Source: Xinhua
Chinese firms' new-age ventures elevate BRI
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Chinese firms' new-age ventures elevate BRI
15 Jul 2024
At Chinese automaker Great Wall Motor's welding workshop in Rayong, Thailand, numerous robotic arms in operation indicate the level of high-tech in use even as Chinese technicians guide local employees through the welding process. Following the successful rollout of its first electric vehicle at its plant in Thailand this January, the Baoding, Hebei province-based carmaker said that multiple batches of Thai workers have now mastered the production processes of its EV products. They have thus become valuable assets for the company, aiding its expansion efforts in other Southeast Asian markets. Elsewhere, Beijing-based artificial intelligence services provider Terminus Group is charting a similar course to bring additional value to an overseas market. Amid the intensified efforts by many Middle Eastern countries to leverage the digital economy for sustainable growth, Terminus launched its international headquarters in Dubai, the United Arab Emirates, in February. It will not only facilitate Terminus' projects and business expansion initiatives in the UAE, Saudi Arabia, Qatar, Oman and other countries in the region, but also support the group's operations in Singapore, Australia and numerous countries participating in the Belt and Road Initiative. Both GWM and Terminus are epitomes of a larger trend — that of Chinese enterprises operating in the vast BRI landscape going beyond big-ticket infrastructure projects like dams, highways, railroads, airports and municipal engineering works. As many parts of the world enter a new phase of development, Chinese companies, particularly those from high-end manufacturing and trade in services, are adjusting their strategies to better align with the evolving environment in BRI economies, said Wan Zhe, a researcher at the Belt and Road School of Beijing Normal University. Facing challenges like escalating geopolitical tensions and rising protectionism in certain countries, Chinese enterprises are focusing on avoiding risks and generating revenue through higher-value business ventures that serve the changing landscape better, said Wan. For instance, GWM plans to start operations at its new factories in Vietnam, Indonesia and Malaysia this year or the next. Similarly, Chang'an Automobile Co, a Chongqing-based State-owned automaker, is building a factory in Rayong province, Thailand. The first phase of the project will involve an investment of over $240 million and is scheduled to begin production in 2025. The new energy vehicles produced will be not only marketed in Thailand but also exported to other neighboring ASEAN (the Association of Southeast Asian Nations) countries, as well as Australia, New Zealand, the United Kingdom and South Africa, said Shen Xinghua, president of Chang'an Automobile's business for Southeast Asia. Shen said that the initial annual production capacity of this plant is 100,000 units, which will be gradually expanded to 200,000 units in the next phase. Chen Bin, deputy director of an expert committee at the Beijing-based China Machinery Industry Federation, said that South Africa, Hungary, Saudi Arabia, Indonesia, Vietnam and Malaysia have all formulated EV-related policies to encourage and support the development and growth of the industry. Highlighting that electrification and intelligence complement each other, Chen said with growing populations in many countries, particularly in Africa and Southeast Asia, an increasing number of young consumers who prefer smart technologies are emerging, making these markets more proactive in embracing EVs. His observation reflects a trend. China's NEVs are becoming popular in overseas markets thanks to their quality, driving range and multifunctionality. Some 519,000 EVs and plug-in hybrids were exported from China between January and May, up 13.7 percent year-on-year, said the China Association of Automobile Manufacturers. China's continuous efforts to enhance institutional opening-up and secure high-standard economic and free trade agreements, alongside the swift expansion of its tech-intensive green product industries, are anticipated to propel its companies to strategically invest in new plants, service centers and innovation facilities in markets involved in the BRI, said Yu Jianlong, vice-chairman of the Beijing-headquartered China Council for the Promotion of International Trade. In addition to automakers such as SAIC Motor, Beijing Automotive Group, Guangzhou Automobile Group and BYD, Chinese battery and component manufacturers, including Contemporary Amperex Technology Co Ltd, Gotion High-tech Co Ltd and EVE Energy Co Ltd, have invested in BRI economies to supply products to their domestic partners and create jobs for local communities. Recognizing this trend, Matthias Loebich, partner and leader for international business at Bearing-Point, a European management and technology consultancy with more than 10,000 employees across 70 countries and regions, said that China's fast-growing EV sector will continue to lead the world's green transition and create enormous growth opportunities for upstream and downstream industries in the BRI landscape. "This is evident in our doubling of Chinese automotive clients seeking consulting support over the past two years," said Loebich, noting that Chinese automakers are enhancing their internal capabilities in management, digital transformation and overseas strategies, learning from advanced markets to elevate their global presence. The company established a dedicated team to help Chinese automakers conduct sustainability-related activities in both home and global markets in 2023, in order to further enhance their growth strength. Collectively, such moves have had a positive effect on official data. China's nonfinancial outbound direct investment came in at $60.2 billion in the first five months, up 16.3 percent year-on-year, statistics from the Ministry of Commerce showed. China's cooperation with countries and regions participating in the BRI continued to show growth momentum as ODI in these economies came in at $12.81 billion, up nearly 13 percent year-on-year. The value of trade between China and BRI economies was worth 8.31 trillion yuan ($1.14 trillion) during the January-May period, up 7.2 percent year-on-year, data from the General Administration of Customs showed. Such a rise will likely be sustained given certain strategic Chinese corporate moves. For instance, in late June, Chinese train maker CRRC Corp, driven by its product upgrade and technology accumulation, unveiled seven new energy locomotives in Beijing, to offer the world new solutions for green, low-carbon development in rail transport. These will enrich CRRC Corp's overall product offerings. This marked a notable step forward in green transition efforts in both domestic and global markets. Lin Cunzeng, CRRC's vice-president, said the development of this series of new energy locomotives is a concrete step to promote the renewal and upgrade of outdated equipment in both home and foreign markets, and advance the green and low-carbon transformation of rail transit equipment. "They will contribute to the high-quality growth of the BRI and enrich China's export content," said Lin. These new locomotives, he said, will drive the demand for diverse new energy products like power batteries and hydrogen energy power packs. They will, therefore, stimulate the development of upstream industries like basic materials and core components, fostering new drivers of economic growth. The current reshaping of the global supply chain has generated new avenues for Chinese companies to match their capabilities with shifting market needs, said Lyu Yue, a professor at the Academy of China Open Economy Studies, part of the University of International Business and Economics in Beijing. "Showing strong competitiveness, Chinese companies excel in industries like new energy vehicles, lithium-ion batteries and photovoltaic products," said Lyu, adding this has resulted in increased acceptance and collaboration from many countries involved in the BRI. Agreed Michael Dyke, CEO of the Riyadh-based New Murabba Development Co, a business unit of Saudi Arabia's Public Investment Fund. Dyke said that the tangible growth of the BRI and enhanced Sino-Saudi business relations will attract more Chinese companies to expand their market presence in Saudi Arabia. New Murabba Development is responsible for building a modern town in Riyadh. Its development spans 19 square kilometers. The project will include 2 million square meters of floor space featuring retail areas, tourist attractions, 104,000 residential units, 9,000 hotel rooms and 80 entertainment venues. Its first phase is scheduled to be completed and operationalized in 2030. China Harbour Engineering Co Ltd, a Beijing-headquartered subsidiary of State-owned China Communications Construction Co Ltd, will carry out the first phase of excavation work for this project. Source: China Daily
China sees imports and exports expand yearly
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China sees imports and exports expand yearly
12 Jul 2024
China's total goods imports and exports expanded 6.1 percent year-on-year in the first half of this year to 21.17 trillion yuan ($2.91 trillion), hitting a recording high, data from the General Administration of Customs showed on Friday. The country's exports rose 6.9 percent year-on-year to 12.13 trillion yuan during the period, while imports climbed 5.2 percent to 9.04 trillion yuan, according to the administration. China's import and export growth has gained momentum with each passing quarter, as the second quarter witnessed a year-on-year increase of 7.4 percent, the administration said. This growth rate surpasses the first quarter by 2.5 percentage points and the fourth quarter of the previous year by 5.7 percentage points, indicating a further consolidation of the positive trend in foreign trade, administration added. In H1, the Association of Southeast Asian Nations remained China's largest trade partner. China's trade with ASEAN economies climbed 10.5 percent year-on-year to 3.36 trillion yuan, accounting for 15.9 percent of the country's total trade value, the administration said. In the first six months, China's trade with the European Union fell 0.7 percent from a year earlier, while the country's trade with the United States rose 2.9 percent year-on-year, the data showed. During the same period, China's trade with countries and regions involved in the Belt and Road Initiative amounted to 10.03 trillion yuan, which witnessed a year-on-year increase of 7.2 percent, according to the data. China saw a steady export growth of mechanical and electrical products such as data processing devices, cell phones, and automobiles during this period, which rose 8.2 percent to 7.14 trillion yuan and accounting for 58.9 percent of the country's total exports. In particular, exports of automobiles totaled 391.8 billion yuan, up 22.2 percent year-on-year. Source: China Daily
Belt and Road countries, regions seek opportunities in Gansu
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Belt and Road countries, regions seek opportunities in Gansu
11 Jul 2024
Representatives from countries and regions involved in the Belt and Road Initiative said at the ongoing 30th China Lanzhou Investment and Trade Fair that they will further promote cooperation and exchanges with Northwest China's Gansu province. The event themed "Sharing Opportunities, Seeking Development, and Creating Prosperity Together", is underway from July 6 to 10 in Lanzhou, the capital of Gansu province. It has attracted representatives from the Belt and Road countries and regions, international organizations, well-known overseas enterprises, and business associations to conduct multi-level and multi-sector investment promotion and trade facilitation activities. Vladimir Karanik, governor of Grodno Region in Belarus, said the Grodno region and Gansu have a long history of cooperation in various fields, and there is enormous potential for further collaboration. He hopes to strengthen mutual cooperation in trade, education and tourism to benefit the people of both regions. Lin Chuqin, chairman of the Thai-Chinese Chamber of Commerce, said Gansu has a profound cultural heritage and vibrant development prospects. He said Thailand will further promote exchanges with Gansu in multiple fields and at multiple levels, to make greater contributions to the economic and trade prosperity of both sides. Hu Changsheng, Party secretary of Gansu, said the Lanzhou fair has attracted a large number of knowledgeable individuals and entrepreneurs from both China and abroad to invest and start businesses in Gansu. He said Gansu is accelerating the construction of a modern industrial system and creating a market-oriented, rule-of-law-based and internationalized business environment, and the province looks forward to deepening cooperation with all parties to create a better future together. A total of 1,325 investment projects worth 604 billion yuan($83 billion) are expected to be signed during the event, according to the organizers. Source: China Daily
Report on BRIX Webinar: “Europeans for the BRI”
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Report on BRIX Webinar: “Europeans for the BRI”
30 Apr 2024
A very successful webinar of the Belt and Road Institute in Sweden was held today, April 29 th , 2024. The webinar was entitled “Europeans for the Belt and Road Initiative”. It brought together speakers, including leaders, entrepreneurs, and scholars, from Germany, Greece, the Netherlands, Norway, Slovenia, and Sweden. The Chairman of the Belt and Road Institute in Sweden, Stephen Brawer, who moderated the event, emphasized from the beginning, that this was the first of many webinars that will continue promoting European cooperation with China and the BRI. The opening speech was delivered by His Excellency Cui Aimin, China’s Ambassador to Sweden. He pointed out that China and Europe have no geopolitical reason for conflict or unhealthy competition. He made very clear that the purpose of de-risking and other obstacles to free and cooperative trade benefits neither Europe nor China. Rather, the commitment to genuine cooperation through Belt and Road understanding will only promote the interests of all parties. All the speakers, representing their respective nations, showed in concise, but detailed presentations why and how their countries continue to grow and benefit from cooperation with China and the BRI. In addition to Ambassador Cui, the speakers included Mr. Erik Solheim, VP, of the Green Belt and Road Coalition, Mr. George Floras, President of the Belt and Road Associates in Greece, Mr. Jan Menke Hopma, CEO of Innovasian Bridge, from the Netherlands, Mr. Tomaz Amon, CEO from Bioanim, from Slovenia, and Mr. Hussein Askary, Vice Chairman of the Belt and Road Institute in Sweden. Many of the participants and listeners, upward of 50 persons, took part in a very active and lively question-and-answer discussion with Ambassador Cui and the other speakers. In conclusion, all the participants agreed that this was a very successful beginning to uniting European scholars, leaders, and entrepreneurs. In coming webinars, BRIX will work to bring European participants and supporters together with scholars, business leaders, and experts from China. It is in this spirit we can build a powerful international movement for peace and cooperation that is “a community for a shared future for mankind.” Source:www.brixsweden.org
Q1 data reflects confidence and strength of Chinese economy
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Q1 data reflects confidence and strength of Chinese economy
19 Apr 2024
China's economic growth for the first quarter of 2024 has exceeded market expectations. By pursuing high-quality development, and nurturing new quality productive forces, the country has delivered an impressive performance. Let's take a look at views of experts from home and abroad to China's economic performance and onwards. Daryl Guppy China's GDP has grown at a faster rate of 5.3 percent than the 4.6 percent expected by many Western observers. This growth comes as no surprise following the resurgence of discretionary spending over the recent festival holidays. This was an early indication of economic strength. This discretionary spending is a useful measure of the health and expectations of the Chinese economy. Increased consumer spending during the Qingming Festival was a litmus test for sustained confidence in Chinese economic growth. The festival continued the momentum of discretionary spending seen in the Chinese New Year Festival. This suggests that the Spring Festival consumer spending increase was early evidence of a return in confidence in economic growth, so the high growth rate in Q1 is not a surprise. The increase in Q1 GDP is evidence of sustainable growth in the economy and economic activity. It reflects increased productivity created in the digital and green economies. This is where the future of economic growth is found. Wang Dan The Q1 growth beat market expectations by a wide margin, and manufacturing and infrastructure were the main engines. Housing market consolidation is also deepening. In the second half of the year, economic data may improve further, primarily driven by the government. After all, we are still in an economic cycle that tends to rise from the bottom, making government projects very important. Many local government projects actually gain momentum from mid-year onwards. As these projects unfold, economic data for the second half of the year is expected to be better. Exports are expected to continue rising this year. So far this year, we have observed that companies engaged in exports, especially those targeting Europe and America, have performed quite well. Wei Jianguo From the economic data of the first quarter, three major highlights can be seen in the Chinese economy. Firstly, the effect of high-quality economic development has been achieved. Traditional industries are upgrading, emerging industries are growing steadily and future industrial cultivation is also strengthening. Secondly, the innovative effects of the institutional mechanisms have been highlighted, promoting reforms in rules, regulations, management and standards. Thirdly, China's high-level opening-up measures have had a positive impact on our country's business environment, particularly in attracting foreign investment. Zhang Yansheng In the first quarter of this year, our country's volume of goods trade import and export broke through 10 trillion yuan ($1.38 trillion) for the first time in the same period of history, with a year-on-year increase of 5 percent. Among them, exports were 5.74 trillion yuan, an increase of 4.9 percent; imports were 4.43 trillion yuan, an increase of 5 percent. The growth rate of imports and exports reached a new high in six quarters. Zhang Yansheng believes that the marginal improvement in external demand in the first quarter, coupled with the overall better-than-expected performance of global shipping, logistics and trade chains, reflects that China's foreign trade has started well, with strong resilience and vitality in imports and exports. Source: China Daily
CAEXPO supports ASEAN centrality: Daryl Guppy
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CAEXPO supports ASEAN centrality: Daryl Guppy
21 Sep 2023
Editor's note:Daryl Guppy, a special commentator on current affairs for CGTN, is an international financial technical analysis expert. He has provided weekly Shanghai Index analyses for mainland Chinese media for more than a decade. Guppy appears regularly on CNBC Asia and is known as "The Chart Man." He is a former national board member of the Australia China Business Council. The article reflects the author's opinions and not necessarily those of CGTN. The 20th China-ASEAN Expo (CAEXPO) and China-ASEAN Business and Investment Summit in Nanning are two of the most significant events in the ASEAN region. It is more than just a trade expo with the usual fascinating array of goods and products on display. These are important, but it's the dialogues and meetings that deliver the full significance of CAEXPO because they provide a strategic guide to regional policy development. In 2014, I was invited to speak in the first Australian partner participation in CAEXPO. I got to know the outline of the 21st Century Maritime Silk Road and how this meshed with what is now the Belt and Road Initiative (BRI). It was the first time the concept had been explained fully to an international audience and the impact was significant. It set the parameters for business engagement and development in the following decade and more. This year's CAEXPO has continued that tradition of policy commitments with the opening ceremony speech by Chinese Premier Li Qiang. He emphasized the significance of building a closer China-ASEAN community. These remarks followed the recent ASEAN meeting in Jakarta where the issue of ASEAN centrality in regional decision making was a major point of discussion. Li acknowledged ASEAN centrality in the process of forging smooth China-ASEAN relationships. This is another important indication of China's desire to work within existing regional trade structures of which CAEXPO is a practical example. This is a direct counter to the approach taken by the United States which seeks to undermine ASEAN centrality in regional decision making by turning organizations like the Regional Comprehensive Economic Partnership (RCEP) into a geopolitical platform. Echoing decade-old remarks, Li placed ASEAN countries at the intersection of the "Belt and Road" on both land and sea. They reflected the historical connections of China trade from the ancient land-based Tea Horse Road and the maritime trade centers in the Straits of Malacca. His remarks provided a clear indication of the vitality and growth of the BRI. This came as a shock to Western observers who have been led to believe that the BRI is a spent force. Nothing could be further from the truth as the multi-faceted BRI continues to expand its engagement with ASEAN in many key areas. The BRI is not just about physical infrastructure. It includes capital infrastructure investment to connect Chinese and ASEAN financial markets. It includes trade and soft infrastructure co-ordination to make cross border trade and settlement more efficient. The establishment of common digital standards across ASEAN is an essential foundation for progress in these areas. Consistent with the objectives of the BRI and ASEAN, the expo has a strong emphasis on the digital economy and green economy. The theme of the expo particularly supports businesses operating in emerging sectors of new information technology and new energy. CAEXPO shows that China is committed to expanding cooperation in culture, tourism, training, and youth exchange because these foster mutual understanding and friendship between the people of the region. The success of the expo in terms of the number and variety of participants, shows that China is a growing economy determined to continue its engagement with the region. On one level, CAEXPO provides an important platform for exhibitors to highlight products and services available within the region and which form the foundation of trade relationships.Many are the traditional products of trade, but they also include the breakthroughs seen with the Huawei Mate60 built on China developed chip technology. One feature overlooked in the colourful displays of ethnic dress and custom is that CAEXPO is held in Nanning, the capital of south China's Guangxi Zhuang Autonomous Region. This is just one of five Autonomous regions in China, a factor rarely recognized in Western media coverage which paints China as a monolithic state. These regions illustrate the cooperative pathway that is an essential part of prosperity in the ASEAN region. On another level, CAEXPO provides the political and strategic framework that underpins the broad improvement of trade relationships, peace and prosperity within the region. Premier Li's remarks confirmed China's commitment to regional prosperity and cooperation within the ASEAN framework. Source: CGTN
Francis Chua Was Invited to Attend The East Expo in Nanning, Received By Premier Li Qiang of The State Council
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Francis Chua Was Invited to Attend The East Expo in Nanning, Received By Premier Li Qiang of The State Council
20 Sep 2023
The picture shows Chinese Premier Li Qiang (center) taking a group photo with Amb. Francis Chua (fifth from left, front row) and well-known ASEAN entrepreneurs. Philippine Chamber of Commerce and Industry News:Ambassador Francis Chua, Permanent Honorary Chairman of the Philippine Chamber of Commerce and Industry, Founding Chairman of the Philippine International Chamber of Commerce and Founding Chairman of the Philippine Silk Road International Chamber of Commerce as well as the SRCIC Vice Chairman, at the invitation of the host, Ministry of Commerce of China, China Council for the Promotion of International Trade, the Government of Guangxi Autonomous Region and Guangxi Council for the Promotion of International Trade, on September 15, went to Nanning, Guangxi Province to attend the 20th China-Asean Expo and China-Asean Business and Investment Summit, and as the only representative guest of the Philippines, met with Chinese Premier Li Qiang and took photos with well-known ASEAN entrepreneurs, and attended the State banquet. The theme of this East Expo is "Building a home with harmony and Coexistence, Sharing the Future with Destiny - Promoting high-quality Development of the Belt and Road and Building an Economic Growth Center", during which the side meeting on the theme of "Institutional Opening: At "New Pattern of Regional Economic Development" will be held the first time. Representatives from ASEAN countries will have in-depth discussions and exchanges on the steady expansion of institutional openness of rules, regulations, management and standards in the region. At the same time, activities such as the "Year of Investing in China - Entering Guangxi" special event and the "Face to Face with the Business Counsellors of Chinese Missions in 10 ASEAN countries" exchange meeting will also be held to showcase China's investment opportunities, build a platform for multinational companies to understand China and invest in China, and convey to the world China's confidence and determination to unswervingly promote a high level of opening-up. This East Expo will focus on China-Asean Free Trade Area 3.0, RCEP, the "Belt and Road" and other multilateral and bilateral cooperation mechanisms, continue to hold the third RCEP Summit Forum and other institutional activities, issued the "China-Asean Free Trade Area 3.0 Business Opportunities Outlook" blue book, guide regional enterprises to better grasp the new economic and trade rules, better share the RCEP high-quality implementation of the new dividends. Writer/Picture:Pol Ongkinglok Linguister/Editor:Stephanie Tan
Qinghai's Achievements in Practicing Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era
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Qinghai's Achievements in Practicing Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era
14 Sep 2023
Qinghai's Achievements in Practicing Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era,cohosted by the International Department of the CPC Central Committee and the CPC Qinghai Provincial Committee, was held in Xining,Qinghai Provinceon September12. The theme of the event was Chinese Modernization: Harmony Between Humanity and Nature.Over 150 political party leaders or representatives from nearly 30 countries attended the event in person and online. Mr. Mohammad Omer,the SRCIC member andDirector of the China-Africa Center for Technology Transfer and Commercialization,was invited to the event. Mr. Omer expressed his appreciation and thanks to the International Department of the CPC Central Committee and the CPC Qinghai Provincial Committee for co-hosting this important event. He underlined how the world can learn from Qinghai's experience of Chinese Modernization in the New Era. Andpointed out that this eventrelates well to the Global Development Initiative proposed by H.E. President Xi and where China-Africa Center for Technology Transfer and Commercialization signed its Declaration. In conclusion, Mr. Omer said that Qinghai's success on achieving harmony between mankind and nature contributes to the realization of the Green Silk Road and Building Jointly an Ecological Community of Shared Future for Mankind.
Adnan Akfirat - A miracle in the heart of Asia: Horgos!
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Adnan Akfirat - A miracle in the heart of Asia: Horgos!
5 May 2023
By Adnan Akfirat,Chairman of the Turkish-Chinese Business Development and Friendship Association Can there be a port at the farthest distance from the sea? I went to the Horgos Free Economic Zone, known as the world's largest dry port, which is crossed by both road and rail and will soon have air service. I have seen it, I am writing about it! AT THE INACCESSIBILITY POLE OF EURASIA The Horgos Free Trade Economic (FEZ), a joint creation of both countries on the China-Kazakhstan border, lies at the foot of what is known as the Eurasian Pole of Inaccessibility. The Pole of Inaccessibility is a geographical term. It refers to the geographical region on a continent farthest from the seas. This is the ingenuity of the Asian Century: Eurasia's Pole of Inaccessibility is now the crossroads of transcontinental transportation and manufacturing. Horgos FEZ, in the north of the Xinjiang Uygur Autonomous Region, on the China-Kazakhstan border, is at the very heart of Asia. And it serves as the heart of trade not only to Asia but also to three continents, including Europe and Africa. Asia and Europe's products pass Horgos by road and rail to reach their destinations. Products arriving by sea are also transported by land and rail to the ends of Asia via Horgos. Cargo containers that arrive at Horgos FEZ in 5 days by rail from the port city of Lianyungang in eastern China can reach the city of Duisburg in northwestern Germany in 10 days. This connection route, which is 3 times faster than sea transportation and half the cost of air transportation, offers an alternative to investors in terms of time and cost. Goods purchased from Horgos FEZ can be freely shipped to CIS countries without any additional customs inspection or tax. HERODOTUS' LEGEND COMES TRUE! Horgos is a historical gateway. It has long been called the Dzungarian Gate (or Altai Pass). It is the only pass through the 4,800-kilometer mountain wall stretching from Manchuria to Afghanistan. It is a convenient natural gateway for riders on horseback between the western Eurasian steppes and the lands further east. It has also been noted for its fierce and almost constant winds. In his "Histories", Herodotus quotes travelers' reports of a country in the northeast where men with the bodies of lions and the wings of eagles guarded the gold and the North Wind came out of a mountain cave. Hyperborea, a term meaning beyond the point where Boreas, the god of the North Wind, breathed his breath, is the name of a mythical land in Greek Mythology beyond the North Wind, where the sun never fails to shine, the trees are always full of fruit and the meadows are always green. Some scholars argue that there is a connection between the Dzungarian Gate and the home of Boreas, the creator of the North Wind in Greek mythology. Because this gate is at the foot of the Altai Mountains, named after the Golden Mountain. Horgos have replaced the house of Boreas! BREAKING NEW GROUND IN INTERNATIONAL COOPERATION The Horgos FEZ is intended to be a game-changing catalyst for international cooperation and trade. Officially called the International Center for Border Cooperation (ICBC), the five-square-kilometer Free Economic Zone is located in the middle of the Saryesik-Atyrau desert, 670 kilometers west of Urumqi and 380 kilometers east of Almaty. Horgos, in the Ili Kazakh Autonomous Prefecture of China's Xinjiang Uyghur Autonomous Region, means "the place where camel caravans pass" in Mongolian and "the place where wealth accumulates" in Kazakh. The new city of Horgos on the Chinese side, the size of New York City, is like an oasis in the desert. On the Kazakh side, the developing Horgos-East Gate Special Economic Zone is recovering rapidly after the pandemic. Many of the China-Europe rail lines pass through here. Horgos is also the crossroads of the Western Europe-Western China Highway from the Yellow Sea to the Baltic. It is a successful implementation of the Belt and Road Initiative, a massive economic cooperation-trade network of interconnected land and sea ports, special economic zones, new cities, and free trade zones in which 134 countries in Eurasia, Africa, and South America are actively participating. Horgos is positioned as a gateway for international trade linking east and west and a bridgehead for the opening of the Xinjiang Uygur Autonomous Region to the west. It is the world's first cross-border international free economic zone and China's first special economic zone "inside the country but outside the jurisdiction of customs". Moreover, with the facilities provided by the Chinese central government and the strong interest of the Uyghur Autonomous Region, the Horgos Local Government offers very attractive investment incentives for setting up manufacturing facilities. The incentives offered by both China and Kazakhstan for Horgos FEZ to become a production base deserve the attention of investors. THE BRIGHT ROAD OF KAZAKHSTAN When it first opened in December 2011, the Khorgos FEZ was heralded as a cornerstone of China-Kazakhstan bilateral relations and a prime example of Kazakhstan's broader "Nurlu Yol" plan to diversify its economy beyond energy exports. Presented in promotional materials as "a huge new city of the future where two civilizations intersect," Horgos FEZ is envisioned as a multicultural economic crossroads where Central Asian Turks, Russians, and Chinese can come together to buy each other's goods, eat each other's cuisine and consume each other's entertainment and culture. A new city is being built on the Kazakhstan side of the Horgos FEZ. Nurkent is expected to be home to 100,000 people. The first zone is 90% complete. It was announced that the entire development and construction of Nurkent City Phase One will be completed in September 2023. It is planned to be fully completed by 2035. Nurkent is seen as a vehicle to help resettle workers at the Khorgos-East Gate, the largest transportation and logistics hub in the Belt and Road Initiative. These workers will be retrained as a permanent source of labor for the Horgos FEZ, which is already a major trade hub between Kazakhstan and China and is developing into a favored manufacturing zone. HUGE WORK IN LESS TIME The Chinese side of Horgos consists of five giant four-story wholesale markets. They are located side by side in blocks, with wide sidewalks and roads between them. No personal vehicles are allowed within the area, and public golf carts and vans transport customers from the shopping complex to the shopping complex. New wholesale markets continue to be added, while unfinished construction projects take up much of the land. Like Chinese wholesale markets, the inside of the malls is made up of hundreds of small shops and booths rented by individual vendors. Most of the buildings, floors, and corridors are organized by product type. Vendors call out to you as you walk through aisles filled with huge waist-high piles of goods. But it is important to remember that this is not just a new free trade zone, but an entirely new economy being created. ICBC is just one part of a multi-pronged development initiative to build an entirely new trade, manufacturing, and logistics zone where none existed before. The adjacent Horgos special economic zone is estimated to attract 30,000 workers and their families, while the city of Horgos is being built for 200,000 people. Such large-scale development anywhere takes decades, not just years. China did it in 10 years. TUCEM OPENS TURKISH BRANDS TO CHINA FROM HORGOS At the invitation of Mr. Ma Fuming, President of Horgos International Chamber of Commerce, we as the Turkish-Chinese Business Matching Center delegation Mr, Serdar Kulu, Director of TUCEM Xinjiang Uyghur Autonomous Region, and I spent four full days in Horgos between April 26-30. Mr. Rutkay Çakırkaya, the owner of Balizza, one of Turkey's leading women's clothing brands, joined us coming from through Kazakhstan. We were received by Mr. Hao Jianmin, the CCP Secretary of Horgos. The Uyghur, Kazakh, Hui, and Han officials of the Horgos Local Government mobilized with sincere interest to provide the best service. Here is our good news: On August 12-14, we are organizing a special exhibition and fashion show with Turkish clothing brands in Horgos International Free Economic Zone. Hao Jianmin, Secretary of Horgos CPC, has committed to bringing a delegation of 1000 buyers, including all major garment buyers from the eastern region of China. Turkey is organizing the first international event of Horgos FEZ in a magnificent venue built in the shape of a Chinese Palace. We will continue to report good news from Horgos!
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