China to advance efforts in joining CPTPP, DEPA trade pacts
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China to advance efforts in joining CPTPP, DEPA trade pacts
27 May 2022
BEIJING, May 26 (Xinhua) -- China will continue to advance its accession into the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Digital Economy Partnership Agreement (DEPA), the commerce ministry said Thursday. "China adheres to aligning with high-standard international economic and trade rules and expanding high-level opening-up," said Gao Feng, a spokesperson with the Ministry of Commerce. The spokesperson reiterated China's commitment to achieving a comprehensive and high-level Free Trade Area of the Asia-Pacific (FTAAP), adding China will propose work plans in the field of digital and green economy and actively participate in the formulation of new guiding documents on advancing FTAAP. Gao said China would continue to implement the Regional Comprehensive Economic Partnership agreement with high quality and safeguard the security and stability of regional industrial and supply chains. The country will also work with members of the Association of Southeast Asian Nations (ASEAN) to actively build version 3.0 of the China-ASEAN Free Trade Area and establish more mutually beneficial bilateral and regional economic and trade ties, said the spokesperson. Source: Xinhua
World Bank approves funds to promote biodiversity, carbon neutrality in Chinese cities
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World Bank approves funds to promote biodiversity, carbon neutrality in Chinese cities
27 May 2022
BEIJING, May 25 (Xinhua) -- The World Bank has decided to provide funds for an urban environment project in China to promote biodiversity conservation and carbon neutrality, the country's finance ministry said Wednesday. About 26.91 million U.S. dollars will be granted by the Global Environment Facility (GEF) for the "China-GEF7: Green and Carbon-Neutral Cities Project," which would involve the Chinese cities of Chongqing, Chengdu and Ningbo, as well as an urban development center under the National Development and Reform Commission. The project, expected to run from 2022 through 2027, aims to integrate biodiversity conservation in participating cities' urban development and establish their pathway to carbon neutrality, according to the ministry. Established in 1991, the GEF trust fund aims to provide funding to achieve global environmental benefits with the World Bank serving as its trustee. Source: Xinhua
BRICS ministers urge inclusiveness, mutual learning in cultural partnership
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BRICS ministers urge inclusiveness, mutual learning in cultural partnership
26 May 2022
BEIJING, May 25 (Xinhua) -- BRICS culture ministers met virtually on Tuesday, calling for deepened cooperation on cultural digitalization, cultural-relic protection and the construction of cultural-exchange platforms. During the meeting, an action plan was signed to implement an agreement on cultural cooperation within the emerging-market bloc, which groups Brazil, Russia, India, China and South Africa. Hu Heping, China's minister of culture and tourism, presided over the meeting and delivered a speech, saying cultural exchange is the "third pillar" of BRICS cooperation. Hu made five initiatives to promote cultural cooperation, concerning inclusiveness and mutual learning, pragmatism, innovation, obligation sharing and exchanges among young people. The ministers expressed hope that the BRICS countries would become good examples of exchange and mutual learning between civilizations, and would contribute to the progress of human civilization and world peace and prosperity. Source: Xinhua
Economic Watch: Policy package set to steer China's economy back on track
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Economic Watch: Policy package set to steer China's economy back on track
25 May 2022
BEIJING, May 25 (Xinhua) -- China's cabinet has urged the implementation of a large-scale policy package, which is expected to bring the country's economy back on track amid downward pressure and tackle difficulties encountered by market entities, according to experts. China will implement 33 measures in six fields, mainly fiscal and related measures, to stabilize economic performance, according to a recent State Council Executive meeting. "The raft of proposed policies is extensive, pertinent and prompt," said Wang Yifeng, an analyst at Everbright Securities. The mix coordinates fiscal, financial and industrial policies and aims to reduce COVID-induced impacts on the economy to a minimum. FISCAL POLICIES Confronting the current situation, the government has sought to take proactive fiscal policies that prioritize employment and economic stability, according to Zhang Yiqun, an expert from the Society of Public Finance of China. The meeting elected to extend the country's policy of refunding outstanding and new value-added tax credits to more industries, which is expected to increase tax refunds by more than 140 billion yuan (21.03 billion U.S. dollars). It also decided to defer premium payments of old-age, unemployment and workplace safety insurance until the end of the year for micro, small and medium-sized enterprises (MSMEs), self-employed households and companies in five hard-hit sectors: catering, retail, tourism, civil aviation, as well as highway, waterway and railway transportation. Deferred payments this year are expected to reach 320 billion yuan, covering the five sectors and other industries facing difficulties. Zhang said the fiscal policies will free companies' cash tied up in premium payments to the greatest possible extent and release more capital for them. Zhang also said he expected the premium payment deferral policy to extend to enterprises contributing to efforts to stabilize employment, foreign trade and prices, as well as those in the coal, power generation and new energy industries. POLICY TOOLBOX The meeting stressed that funds from this year's local government special bonds shall be basically utilized by the end of August, with their scope of support extended to new infrastructure and other projects. The instruction urged the accelerated utilization of special bonds and sent a signal that new infrastructure is likely to replace traditional infrastructure as the investment focus in the future, while easing the scope of special bonds to boost investment returns, Zhang said. The meeting also announced that the re-guarantee business of the national financing guaranty fund will be increased by more than 1 trillion yuan this year. China's State Council approved the establishment of the national financing guaranty fund in April 2018 to relieve the financing troubles of the real economy and small businesses. Zhang said the measures take full advantage of fiscal leveraging to bolster the financing capabilities of small businesses, and will help them tide over their current difficulties. FINANCIAL INSTRUMENTS The meeting decided to double the scale of the support facility for inclusive loans to micro and small businesses, as well as its share of the increase in the loan balance. Banks will be supported in deferring, within this year, principal and interest repayments on loans made to MSMEs and self-employed households, truck loans, and home loans and consumer loans owed by individuals facing temporary difficulties. Noting that some residents and firms had decreased incomes due to the COVID-19, and therefore are unable to repay their loans, chief analyst at CITIC Securities Ming Ming said the financial arrangements were appropriate, prompt and precise. Zhou Maohua, an analyst at China Everbright Bank, said the expansion of the support facility for banks is mainly in place to cope with the complex economic environment. The move steps up support for small and micro businesses, revives the vitality of market entities and expedites the economy's return to normal, Zhou said. Source: Xinhua
J.P. Morgan China chief says bullish on long-term investment in China
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J.P. Morgan China chief says bullish on long-term investment in China
25 May 2022
SHANGHAI, May 24 (Xinhua) -- J.P. Morgan is upbeat about investment opportunities in China, said Mark Leung, chief executive of J.P. Morgan China at an online summit. "China is now the second-largest economy, and also the largest manufacturing and trading partner in the world. This provides huge opportunities for financial institutions that can support multinational companies operating in China and assist Chinese companies going overseas," said Leung at the J.P. Morgan Global China Summit 2022. He added J.P. Morgan's steady and accelerating development in China benefits from the nation's financial opening-up. Amid China's capital market opening-up, J.P. Morgan operates businesses including investment and corporate banking, securities services, commercial banking and asset management, according to Leung. The company's two branches, J.P. Morgan Securities (China) Company Limited and J.P. Morgan Futures Company Limited, are the first foreign fully owned securities and futures ventures in China, respectively. "A full control of futures businesses helps domestic and global customers better deal with clearance of commodities and securities contracts at China's futures exchanges," said Leung. For commercial banking, J.P. Morgan has expanded its business scope by providing services for medium-sized Chinese enterprises, helping them enter international markets. With more licenses, J.P. Morgan will introduce more cross-border products and platforms to China and develop more localized services and support for clients, according to Leung. When talking about China's green agenda, Leung said J.P. Morgan is committed to helping its Chinese clients navigate a transition to a low-carbon world. J.P. Morgan celebrated a century in China last year. "We are very focused on making sure we are well-positioned to embrace our next century in this country," Leung said. Source: Xinhua
RCEP weaves new relationships for apparel trade
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RCEP weaves new relationships for apparel trade
25 May 2022
China's textile and apparel sector will focus on developing new fibers and green manufacturing, as well as expanding markets related to the Regional Comprehensive Economic Partnership agreement to remain competitive in the coming years, said a senior industry leader. As the ongoing Russia-Ukraine conflict has put China's textile and garment exports to Russia and Europe under direct pressure, Sun Ruizhe, president of the Beijing-based China National Textile and Apparel Council, or CNTAC, said the growing uncertainty of global economic recovery and geopolitical issues have had a huge impact on China's textile and apparel industry. Moreover, affected by geopolitics, the prices of commodities such as crude oil and cotton remain stubbornly high, and the profits of man-made fiber and cotton textile production shrank significantly. Also, the repeated COVID-19 pandemic waves and global divergence in prevention and control measures have weakened industrial production and logistics, which, in turn, have weakened market confidence and consumer spending. He said that the enforcement of the RCEP agreement, which covers 15 countries in the Asia-Pacific region, will create fresh opportunities for a more comprehensive and deeper regional industry cooperation. This will hedge against the current economic and trade risks and generate strategic value for the diversification of industrial and supply chains. Under the framework of the RCEP, over 94 percent of textile and garment products from China to other members will eventually enjoy zero tariffs after a certain period, and the number is over 95 percent for textile and garment products from other members to China. Sun said that the tariff reduction commitments, accumulative rule of origin and trade liberation and facilitation measures will be conducive to a closer relationship between China and other countries such as Japan in textile and garment trade. "RCEP not only covers trade in goods but also engages in economic and technological cooperation, intellectual property rights and other factors. The introduction of advanced technology, important equipment, key components and new patterns will speed up transformation and upgrading of the entire industrial chain," he said. China's textile and garment exports soared 11.1 percent on a yearly basis to $72.25 billion in the first quarter, according to the CNTAC. The council predicted that the industry will experience a slowdown in growth in the first half, due to external factors such as weak global demand and supply chain issues. As the bill H.R.6256 passed by the US Congress in December 2021 attempts to prevent the importation of goods produced in China's Xinjiang Uygur autonomous region into the United States, Sun said this move will hit hard on the exports of Chinese cotton textile and garment goods to the US market. Eager to enhance its earning strength and mitigate risks, the CNTAC and its member companies have made notable progress in both basic and applied research. The industry has shifted its focus from following others to keeping pace and even leading the way. Breakthroughs in technological bottlenecks have been made in the fields of new fibers, green manufacturing and textile machinery. The development of the platform economy and content economy has fueled the upgrading of traditional brands and the emergence of new brands. E-commerce platforms such as SHEIN and PatPat are well-known in overseas markets. The changing lifestyle and consumer behavior have brought new markets and product categories for new brands. The love of hanfu-traditional Chinese dresses-and domestic brands has heralded a new trend known as guochao, a Chinese phrase referring to homegrown style. Domestic brands have entered a high-speed growth period. In addition to facilitating the integration of digitalization into industrial development, Sun said China's textile and garment companies will work harder on developing new markets via new technologies and the country's dual-circulation development pattern that takes domestic development as the mainstay, with domestic and international development reinforcing each other. The US, the Association of Southeast Asian Nations, the European Union and Japan remained the four biggest export markets for China's textile and garment products in the first quarter, accounting for 54.6 percent of the country's total exports of this kind during the period, data from China's General Administration of Customs showed. "Although many domestic manufacturers encountered fierce competition from rivals in Southeast Asia since the second half of 2021, they still have distinct advantages in design, equipment, and integration of the upstream and downstream industry chains," said Deng Lijun, chief analyst at Changchun-based Northeast Securities. Source: China Daily
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.
Two Sessions Through an Foreign Eye: Jean-Guy Carrier: Sino-US competition will always exist, but cooperation is absolutely necessary
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Two Sessions Through an Foreign Eye: Jean-Guy Carrier: Sino-US competition will always exist, but cooperation is absolutely necessary
10 Mar 2022
The national "Two Sessions" for 2022 are ongoing in Beijing. The Shenzhen TV created a special program Two Sessions Through an Foreign Eye, inviting internationally influential figures to comment on China's “Two Sessions” from their perspectives. Recently, Mr. Jean-Guy Carrier, Executive Chairman of the Silk Road Chamber of International Commerce and former Secretary General of International Chamber of Commerce, was in for an interview with Zhu Endi, reporter of Shenzhen TV based in Beijing. The transcript of the interview is as follows, Zhu: Our Foreign Minister Wang Yi is holding the annual press conference right now. He mentioned before that it is cooperation that represents the mainstream of the China-US relations. To define the relationship as competition is oversimplification. So how do you think of this? Carrier: I think it's very true because I fervently believe that the world needs more Chinese culture. By that I mean the Chinese way of looking at daily life, and how you deal with living and with developing your economy and so forth, based more on cooperation than on trying to undermine each other or trying to throw tariffs and sanctions at each other. I think all of us in the world will benefit from more of that sort of attitude, being influential in the world. So in that sense, the notion of competition is always going to be there, but I think cooperation is absolutely necessary. Voiceover: Carrier is currently in Switzerland. He observed that when the people of the European continent are worried about a war, China is discussing practical problems faced by the mankind, such as economic development and coping with climate change. Such a sharp contrast made him think. When I follow what Premier Li Keqiang has said and what the People's Congress is discussing, it's such as striking contrast. Because they are talking about vital things for the entire planet like climate change, reducing inequality, the Belt and Road Initiative, and fair development and so forth. And the rest of us are obsessed with a regional war. It is such a striking contrast between that discussion and what is happening here in Europe. Again, it just emphasizes for me the importance of China in the world, and to hear what is being said and what people are thinking in China. Zhu: China has outlined its plan to stabilize domestic economy in this crucial year. So what does it mean to China and to the global economy? Carrier: I think China is becoming an engine for the economy. So we can see that with Covid-19 and all the other kinds of pressures that have been exerted around the world on trade, on investment, on flows within countries etc,. It is perfectly normal for government of China to say we have to pay more attention to our domestic market in this crisis situation. And you know frankly, for the rest of the world, this is also very important. Voiceover: Carrier analyzed that it is realistic and practical for China to set its economic growth target at around 5.5 percent this year given the COVID-19 pandemic and uncertainties of global trade and investment. I think there are very obvious reasons. First of all, every economy has suffered because of the Covid-pandemic. China is not immune from that. Also there have been so many disruptions in terms of global trade and investment. Again, everyone suffers from that. So what I find encouraging in the government’s target is I think it is realistic, (which) means to set too high a target at this point would be to try fooling everyone, (making them) thinking the world is in better shape than it is at this moment. Zhu: I noticed that you said the target is realistic and practical. In order to achieve this target, what does China need to do? Carrier: What we are all hoping for is that China will reengage with international community. (It will) in fact promote more trade and investment in the world. We see good signs of this. Chinese company is building the biggest automobile electric battery production facility in Germany. So there are encouraging signs of that sort that Chinese companies are continuing to engage in the world, to invest in the world and to work with business people around the world. And I think that is the key to Chinese development.
Beijing 2022 Olympics and Paralympics: Win-win for participants and all: Jean-Guy Carrier
Beijing 2022 Olympics and Paralympics: Win-win for participants and all: Jean-Guy Carrier
15 Feb 2022
By Jean-Guy Carrier The achievements of athletes such as Gu Ailing and her counterparts from around the world at Beijing 2022 are a testament to the enduring spirit of the Olympic Games, and their ability to inspire us all. When viewed through the prism of Chinese history, the Olympic and Paralympic Games of 2022 are the culmination of an extraordinary evolution: starting from a peaceful sporting competition in 776 B.C. between bellicose Greek city states in the neutral venue of Olympia to an event that unites thousands of athletes from around the world in China's capital Beijing for a celebration of the human spirit. Ancient literary sources recorded that Koroibos – a cook, baker and athlete – won the stadion race, a foot race 600 feet long that was the only event for the first 13 Olympic Games. From the very start there were measures to keep the Games non-political. The competing states were often in conflict at this time but they agreed and respected an "Olympic truce" to enable athletes from all city states to travel safely to Olympia for the Games. The first edition of the modern Olympic Games was staged in Athens, Greece, in 1896, while the first winter edition was held in Chamonix, France, in 1924. The founders of the modern Games proclaimed them to be truly international and non-political. Throughout their history the Games have had to surmount their use for political purposes. They have also successfully pursued inclusion of all nations, genders and a growing number of sporting disciplines. The 2022 Olympic and Paralympic Games are once again being hosted by China. Athletes are gathering under the constraints of a global pandemic, with the men and women we see competing having surmounted enormous personal challenges and obstacles to be in Beijing. People around the world join these athletes each day to affirm the peaceful legacy of the Olympic spirit. China and its people deserve respect and recognition for having assumed this international legacy at a difficult moment for international cooperation. All the athletes participating in the 2022 Winter Games are Olympic champions. The modest baker-athlete who won the first Olympic race in 776 B.C. set a standard for his time and for all times. The path from that time to our own and to the achievements of 21st century athletes such as Gu Ailing and her counterparts from around the world is a testament to the enduring spirit of the Olympic Games, and their ability to inspire us all. The founder of the modern Games, Pierre de Coubertin, once proclaimed: "The important thing in the Olympic Games is not to win, but to take part; the important thing in Life is not triumph, but the struggle; the essential thing is not to have conquered but to have fought well. To spread these principles is to build up a strong and more valiant and, above all, more scrupulous and more generous humanity." From the long view of history, the 2022 Winter Olympics and Paralympics are a win-win both for those taking part and for all the rest of us. Jean-Guy Carrier is non-resident senior fellow of Chongyang Institute for Financial Studies, Renmin University of China, and executive chairman of Silk Road Chamber of International Commerce. Source: china.org.cn
SRCIC Chairman Lu Jianzhong and Other Chamber Leaders Attended The 2nd Dialogue on Exchanges and Mutual Learning among Civilizations
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SRCIC Chairman Lu Jianzhong and Other Chamber Leaders Attended The 2nd Dialogue on Exchanges and Mutual Learning among Civilizations
12 Jan 2022
On January 10, the second Dialogue on Exchanges and Mutual Learning among Civilizations, instructed by the International Department of CPC Central Committee and hosted by the Chinese Association for International Understanding (CAFIU), was held in Beijing online and in person. Chinese Vice President Wang Qishan video addressed the forum. Ji Bingxuan, vice chairman of the National People's Congress Standing Committee and president of CAFIU, delivered a keynote speech. Song Tao, head of the International Department of CPC Central Committee, presided over the opening ceremony. Wang said that promoting exchanges and mutual learning among civilizations is a major task to achieve world peace and development, as well as a better life for the people. “We need to deepen the understanding of our own and other civilizations, find the key to inter-civilization exchanges from the perspective of all mankind, gain confidence from history, culture and philosophy, and build consensus on building a community with a shared future for humanity,” he said. Vice President Wang Qishan delivering a video speech Wang noted that China will continue to strengthen solidarity and coordination with other countries to pool forces for the advancement of civilization and jointly create a better future. "We are willing to share the opportunity of development with the world, accelerate the implementation of the Global Development Initiative and deepen the Belt and Road cooperation," he said. Cambodia's Standing Deputy Prime Minister and Cabinet Minister, BinChhin, pointed out that there is no good or bad civilization. Strengthening exchanges and mutual learning among civilizations will help enhance mutual understanding and respect, which will lay a solid foundation for lasting world peace, social progress and prosperity. Former Egyptian Prime Minister, Essam Sharaf, said that political system is rooted in culture. Therefore, it is important to enhance cultural exchanges, to respect each country’s own interpretation of peace, development, fairness, justice, democracy and freedom and their exploration of approaches to realizing this. In doing so, according to him, we can promote the harmonious coexistence of multiple civilizations and jointly build a better world. Former Spanish Prime Minister, Jose Luis Rodriguez Zapatero, believed that similarities exist in the history of different continents. He emphasized the importance of identifying similarities, seeking common ground while reserving differences. He also said that countries should work together to promote cultural cooperation and social progress, in order to address the challenges and risks facing humankind. Chen Zhou, Vice-Minister of the International Department of the CPC Central Committee, presided over the second phase of the opening session. During the Dialogue among the Envoys of Civilization at the opening session, Lu Jianzhong, vice president of CAFIU and chairman of the Silk Road Chamber of International Commerce, pointed out that different countries and civilizations can coexist. “As long as we share the vision of a better future, we can always achieve consensus among differences, be it in competitive sports, relations with major countries or mutual learning. We hope that this dialogue will provide useful reference for different countries and civilizations to resolve differences and work together. ,”Lu said. In conclusion, Lu wished success to the Beijing 2022 Winter Olympic Games, an event that he believes will help all countries join hands and inject stronger impetus into the future. With the theme of Upholding Diversity of Civilizations and Carrying forward Shared Values of Mankind, about 260 guests were present at the dialogue to exchange ideas. The outcome document Beijing Vision was released at the dialogue, expressing the hope that exchanges and mutual learning among civilizations will become a bridge of friendship among peoples, a driving force for human progress and a bond for world peace. Other SRCIC leaders were also present at the online dialogue, includingAlexander Tomov, senior adviser to the SRCIC and former Bulgarian Deputy Prime Minister,Mr. Francis Chua, vice chairman of SRCIC and founding chairman of SRCIC the Philippines, Mr. Kassem Tofailli, president of the Arab Chinese Cooperation and Development Association (ACCDA), and Mr. Mohammad Omer, chairman of Somalia-China Business Council. They expressed in their own words that diversity of civilizations is a defining feature of human society. Exchanges and mutual learning are important driving forces for human progress and world peace and development. By fully developing the role of business associations for connectivity, they are ready to make positive contributions to enhancing friendship among peoples, promoting global economic and trade prosperity and building a community with a shared future for mankind. Alexander Tomovsaid 2nd Dialogue on Exchanges and Mutual Learning among Civilizations is undoubtedly a forum with an important meaning for the whole world. Today the world is undergoing an epochal change. We are passing from one to another generation of technology which makes world more integrated from ever before. In such a complex situation and environment, the historical perspectives are only two – either the accent will be stressed on the dialogue, mutual agreement and shared future for the mankind or the forces of the regress with get us back to the times of the Cold war and the mutual opposition. The speech of Mr. Wang Qishan in front of the 2nd Dialogue on Exchanges and Mutual Learning among Civilizations makes a powerful impression with its engagement for deepening the dialogue between the countries, peoples and civilizations. For me there is no doubt that these ideas will conquer more and more people because they are related with the objective changes of mankind. The lack of implementation of one will, one dictate but the dialogue and mutual agreement will define the look of the forthcoming decade. It that sense the holding of the 2nd Dialogue on Exchanges and Mutual Learning among Civilizations has a big contribution for sharing of ideas and values between people. We, in Bulgaria, believe that this is the only way that the peoples can develop successfully and to guarantee the progress of their countries.
A Message to the New Year 2022
A Message to the New Year 2022
31 Dec 2021
A Message to the New Year 2022 From Silk Road Chamber of International Commerce Time flies and seasons turn. In the past 2021, opportunities and challenges coexisted. Difficulties and hopes went hand in hand. In 2021, the high-quality joint construction of the "Belt and Road" harvested solid and fruitful achievements. The “hard connectivity” of infrastructure progressed smoothly: the China-Europe freight trains connect the Europe and Asia, and the China-Laos railway has been officially put into operation. The “soft connectivity” of rules and standards has been strengthened: the circulation procedures of commodities, capital, technology, and personnel have been simplified, the transaction costs have been reduced, and the flow of production factors has become more convenient. The “heart and mind connectivity” of people from all over the world has also been deepened by rich, diverse and interactive cultural exchanges. In 2021, the Global Development Initiative (GDI) drew a fresh blueprint for international cooperation and development. The GDI proposed by President Xi Jinping on the 76th Session of the United Nations General Assembly defines the goals, principles and key areas for global development and international cooperation. It received extensive positive response and support, providing another important public good and cooperation platform to the international community. In 2021, members of SRCIC demonstrated strong sense of pro-activeness and responsibility. They endorsed the Joint Statement of the International Forum on COVID-19 Vaccine Cooperation, and strove to help domestic businesses to achieve sustainable development. SRCIC members have also organized various online and offline events to promote international trade cooperation. In 2021, projects promoted by SRCIC have achieved gratifying progress. The Silk Road International Culture and Artworks Exchange in the Hainan Free Trade Port was launched in June, and the digital artworks carried online were immediately sold out; the projects of Silk Road International Cultural Park have been successfully implemented in Zhangjiajie, Hunan Province and Gongyi, Henan Province. Negotiation with the local government of Haikou, Hainan Province is in progress to replicate the projects. In 2021, face-to-face meetings were difficult, but our bond grew even tighter through online communication and heart-to-heart connection. At present, the world is going through great turbulence and profound changes, which are intensified by an unprecedented pandemic. We believe that connectivity, openness and inclusiveness are the only solutions to global crisis and long-term development. SRCIC is willing to work with business communities worldwide to build a platform for exchanges, practical cooperation and development opportunities. We will jointly promote the high-quality Belt and Road cooperation for mutual benefits, and contribute to a shared future and a better world for the mankind. Marching onward, we are not alone. Let us join our hands and hearts like a family to embrace a new and better 2022. We wish you a happy and prosperous New Year! Yours sincerely, Silk Road Chamber of International Commerce
Deputy Director General of Shaanxi Provincial Department of Commerce visits SRCIC
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Deputy Director General of Shaanxi Provincial Department of Commerce visits SRCIC
17 Sep 2021
On the afternoon of September 16, a delegation led by Sun Jinghu, Deputy Director General of Shaanxi Provincial Department of Commerce, paid a survey visit to the Shaanxi Representative Office of Silk Road Chamber of International Commerce. Accompanied by Diane Bian, Secretary General of SRCIC, Deputy Director General Sun visited the Tang West Market Museum and had a discussion meeting at the Belt and Road Cultural Exhibition Center. Discussion meeting Secretary General Bian introduced the establishment and development of SRCIC, and expressed that SRCIC would give full play to its member resources and its role as a non-governmental organization, and strengthen its collaboration with Shaanxi enterprises by providing tailored networking services for those aspiring to “go out” and achieving innovative development. Deputy Director General Sun pointed out that as an overseas non-governmental organization, SRCIC should operate in accordance with laws and regulations. It should leverage its role as a platform and bridge to help local firms to “go out” and facilitate cooperation between them and their potential foreign partners. In doing so, SRCIC will make a contribution to the development of Shaanxi Province. The discussion was also joined by Director of Foreign Affairs Liaison Division of Shaanxi Provincial Department of Commerce Li Xiaoling, Director of Foreign Trade Division Li Lin, Deputy Director of Foreign Affairs Liaison Division Guo Chen, Deputy Secretary Generals of the SRCIC Li Qiang and Huang Zhe.
China to advance efforts in joining CPTPP, DEPA trade pacts
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China to advance efforts in joining CPTPP, DEPA trade pacts
27 May 2022
BEIJING, May 26 (Xinhua) -- China will continue to advance its accession into the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Digital Economy Partnership Agreement (DEPA), the commerce ministry said Thursday. "China adheres to aligning with high-standard international economic and trade rules and expanding high-level opening-up," said Gao Feng, a spokesperson with the Ministry of Commerce. The spokesperson reiterated China's commitment to achieving a comprehensive and high-level Free Trade Area of the Asia-Pacific (FTAAP), adding China will propose work plans in the field of digital and green economy and actively participate in the formulation of new guiding documents on advancing FTAAP. Gao said China would continue to implement the Regional Comprehensive Economic Partnership agreement with high quality and safeguard the security and stability of regional industrial and supply chains. The country will also work with members of the Association of Southeast Asian Nations (ASEAN) to actively build version 3.0 of the China-ASEAN Free Trade Area and establish more mutually beneficial bilateral and regional economic and trade ties, said the spokesperson. Source: Xinhua
World Bank approves funds to promote biodiversity, carbon neutrality in Chinese cities
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World Bank approves funds to promote biodiversity, carbon neutrality in Chinese cities
27 May 2022
BEIJING, May 25 (Xinhua) -- The World Bank has decided to provide funds for an urban environment project in China to promote biodiversity conservation and carbon neutrality, the country's finance ministry said Wednesday. About 26.91 million U.S. dollars will be granted by the Global Environment Facility (GEF) for the "China-GEF7: Green and Carbon-Neutral Cities Project," which would involve the Chinese cities of Chongqing, Chengdu and Ningbo, as well as an urban development center under the National Development and Reform Commission. The project, expected to run from 2022 through 2027, aims to integrate biodiversity conservation in participating cities' urban development and establish their pathway to carbon neutrality, according to the ministry. Established in 1991, the GEF trust fund aims to provide funding to achieve global environmental benefits with the World Bank serving as its trustee. Source: Xinhua
BRICS ministers urge inclusiveness, mutual learning in cultural partnership
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BRICS ministers urge inclusiveness, mutual learning in cultural partnership
26 May 2022
BEIJING, May 25 (Xinhua) -- BRICS culture ministers met virtually on Tuesday, calling for deepened cooperation on cultural digitalization, cultural-relic protection and the construction of cultural-exchange platforms. During the meeting, an action plan was signed to implement an agreement on cultural cooperation within the emerging-market bloc, which groups Brazil, Russia, India, China and South Africa. Hu Heping, China's minister of culture and tourism, presided over the meeting and delivered a speech, saying cultural exchange is the "third pillar" of BRICS cooperation. Hu made five initiatives to promote cultural cooperation, concerning inclusiveness and mutual learning, pragmatism, innovation, obligation sharing and exchanges among young people. The ministers expressed hope that the BRICS countries would become good examples of exchange and mutual learning between civilizations, and would contribute to the progress of human civilization and world peace and prosperity. Source: Xinhua
Economic Watch: Policy package set to steer China's economy back on track
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Economic Watch: Policy package set to steer China's economy back on track
25 May 2022
BEIJING, May 25 (Xinhua) -- China's cabinet has urged the implementation of a large-scale policy package, which is expected to bring the country's economy back on track amid downward pressure and tackle difficulties encountered by market entities, according to experts. China will implement 33 measures in six fields, mainly fiscal and related measures, to stabilize economic performance, according to a recent State Council Executive meeting. "The raft of proposed policies is extensive, pertinent and prompt," said Wang Yifeng, an analyst at Everbright Securities. The mix coordinates fiscal, financial and industrial policies and aims to reduce COVID-induced impacts on the economy to a minimum. FISCAL POLICIES Confronting the current situation, the government has sought to take proactive fiscal policies that prioritize employment and economic stability, according to Zhang Yiqun, an expert from the Society of Public Finance of China. The meeting elected to extend the country's policy of refunding outstanding and new value-added tax credits to more industries, which is expected to increase tax refunds by more than 140 billion yuan (21.03 billion U.S. dollars). It also decided to defer premium payments of old-age, unemployment and workplace safety insurance until the end of the year for micro, small and medium-sized enterprises (MSMEs), self-employed households and companies in five hard-hit sectors: catering, retail, tourism, civil aviation, as well as highway, waterway and railway transportation. Deferred payments this year are expected to reach 320 billion yuan, covering the five sectors and other industries facing difficulties. Zhang said the fiscal policies will free companies' cash tied up in premium payments to the greatest possible extent and release more capital for them. Zhang also said he expected the premium payment deferral policy to extend to enterprises contributing to efforts to stabilize employment, foreign trade and prices, as well as those in the coal, power generation and new energy industries. POLICY TOOLBOX The meeting stressed that funds from this year's local government special bonds shall be basically utilized by the end of August, with their scope of support extended to new infrastructure and other projects. The instruction urged the accelerated utilization of special bonds and sent a signal that new infrastructure is likely to replace traditional infrastructure as the investment focus in the future, while easing the scope of special bonds to boost investment returns, Zhang said. The meeting also announced that the re-guarantee business of the national financing guaranty fund will be increased by more than 1 trillion yuan this year. China's State Council approved the establishment of the national financing guaranty fund in April 2018 to relieve the financing troubles of the real economy and small businesses. Zhang said the measures take full advantage of fiscal leveraging to bolster the financing capabilities of small businesses, and will help them tide over their current difficulties. FINANCIAL INSTRUMENTS The meeting decided to double the scale of the support facility for inclusive loans to micro and small businesses, as well as its share of the increase in the loan balance. Banks will be supported in deferring, within this year, principal and interest repayments on loans made to MSMEs and self-employed households, truck loans, and home loans and consumer loans owed by individuals facing temporary difficulties. Noting that some residents and firms had decreased incomes due to the COVID-19, and therefore are unable to repay their loans, chief analyst at CITIC Securities Ming Ming said the financial arrangements were appropriate, prompt and precise. Zhou Maohua, an analyst at China Everbright Bank, said the expansion of the support facility for banks is mainly in place to cope with the complex economic environment. The move steps up support for small and micro businesses, revives the vitality of market entities and expedites the economy's return to normal, Zhou said. Source: Xinhua
J.P. Morgan China chief says bullish on long-term investment in China
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J.P. Morgan China chief says bullish on long-term investment in China
25 May 2022
SHANGHAI, May 24 (Xinhua) -- J.P. Morgan is upbeat about investment opportunities in China, said Mark Leung, chief executive of J.P. Morgan China at an online summit. "China is now the second-largest economy, and also the largest manufacturing and trading partner in the world. This provides huge opportunities for financial institutions that can support multinational companies operating in China and assist Chinese companies going overseas," said Leung at the J.P. Morgan Global China Summit 2022. He added J.P. Morgan's steady and accelerating development in China benefits from the nation's financial opening-up. Amid China's capital market opening-up, J.P. Morgan operates businesses including investment and corporate banking, securities services, commercial banking and asset management, according to Leung. The company's two branches, J.P. Morgan Securities (China) Company Limited and J.P. Morgan Futures Company Limited, are the first foreign fully owned securities and futures ventures in China, respectively. "A full control of futures businesses helps domestic and global customers better deal with clearance of commodities and securities contracts at China's futures exchanges," said Leung. For commercial banking, J.P. Morgan has expanded its business scope by providing services for medium-sized Chinese enterprises, helping them enter international markets. With more licenses, J.P. Morgan will introduce more cross-border products and platforms to China and develop more localized services and support for clients, according to Leung. When talking about China's green agenda, Leung said J.P. Morgan is committed to helping its Chinese clients navigate a transition to a low-carbon world. J.P. Morgan celebrated a century in China last year. "We are very focused on making sure we are well-positioned to embrace our next century in this country," Leung said. Source: Xinhua
RCEP weaves new relationships for apparel trade
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RCEP weaves new relationships for apparel trade
25 May 2022
China's textile and apparel sector will focus on developing new fibers and green manufacturing, as well as expanding markets related to the Regional Comprehensive Economic Partnership agreement to remain competitive in the coming years, said a senior industry leader. As the ongoing Russia-Ukraine conflict has put China's textile and garment exports to Russia and Europe under direct pressure, Sun Ruizhe, president of the Beijing-based China National Textile and Apparel Council, or CNTAC, said the growing uncertainty of global economic recovery and geopolitical issues have had a huge impact on China's textile and apparel industry. Moreover, affected by geopolitics, the prices of commodities such as crude oil and cotton remain stubbornly high, and the profits of man-made fiber and cotton textile production shrank significantly. Also, the repeated COVID-19 pandemic waves and global divergence in prevention and control measures have weakened industrial production and logistics, which, in turn, have weakened market confidence and consumer spending. He said that the enforcement of the RCEP agreement, which covers 15 countries in the Asia-Pacific region, will create fresh opportunities for a more comprehensive and deeper regional industry cooperation. This will hedge against the current economic and trade risks and generate strategic value for the diversification of industrial and supply chains. Under the framework of the RCEP, over 94 percent of textile and garment products from China to other members will eventually enjoy zero tariffs after a certain period, and the number is over 95 percent for textile and garment products from other members to China. Sun said that the tariff reduction commitments, accumulative rule of origin and trade liberation and facilitation measures will be conducive to a closer relationship between China and other countries such as Japan in textile and garment trade. "RCEP not only covers trade in goods but also engages in economic and technological cooperation, intellectual property rights and other factors. The introduction of advanced technology, important equipment, key components and new patterns will speed up transformation and upgrading of the entire industrial chain," he said. China's textile and garment exports soared 11.1 percent on a yearly basis to $72.25 billion in the first quarter, according to the CNTAC. The council predicted that the industry will experience a slowdown in growth in the first half, due to external factors such as weak global demand and supply chain issues. As the bill H.R.6256 passed by the US Congress in December 2021 attempts to prevent the importation of goods produced in China's Xinjiang Uygur autonomous region into the United States, Sun said this move will hit hard on the exports of Chinese cotton textile and garment goods to the US market. Eager to enhance its earning strength and mitigate risks, the CNTAC and its member companies have made notable progress in both basic and applied research. The industry has shifted its focus from following others to keeping pace and even leading the way. Breakthroughs in technological bottlenecks have been made in the fields of new fibers, green manufacturing and textile machinery. The development of the platform economy and content economy has fueled the upgrading of traditional brands and the emergence of new brands. E-commerce platforms such as SHEIN and PatPat are well-known in overseas markets. The changing lifestyle and consumer behavior have brought new markets and product categories for new brands. The love of hanfu-traditional Chinese dresses-and domestic brands has heralded a new trend known as guochao, a Chinese phrase referring to homegrown style. Domestic brands have entered a high-speed growth period. In addition to facilitating the integration of digitalization into industrial development, Sun said China's textile and garment companies will work harder on developing new markets via new technologies and the country's dual-circulation development pattern that takes domestic development as the mainstay, with domestic and international development reinforcing each other. The US, the Association of Southeast Asian Nations, the European Union and Japan remained the four biggest export markets for China's textile and garment products in the first quarter, accounting for 54.6 percent of the country's total exports of this kind during the period, data from China's General Administration of Customs showed. "Although many domestic manufacturers encountered fierce competition from rivals in Southeast Asia since the second half of 2021, they still have distinct advantages in design, equipment, and integration of the upstream and downstream industry chains," said Deng Lijun, chief analyst at Changchun-based Northeast Securities. Source: China Daily
China builds up infrastructure security: Daryl Guppy
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China builds up infrastructure security: Daryl Guppy
19 May 2022
Editor's note:Daryl Guppy is an international financial technical analysis expert.He has provided weekly Shanghai Index analysis for Chinese mainland media for more than a decade. Guppy appears regularly on CNBC Asia and is known as "The Chart Man." He is a national board member of the Australia China Business Council, SRCIC member organization. The article reflects the author's opinions and not necessarily the views of CGTN. Hard infrastructure sits at the core of what many people believe about China's economy, so Chinese President Xi Jinping's recent observation that "infrastructure serves as a pillar for economic and social development" confirms their belief. A hard infrastructure build will play a role in economic development, but even more important is the soft infrastructure build. A combination of internal and external factors is at play in pushing these infrastructure efforts into the spotlight. President Xi tied some of the infrastructure focus to the idea of security. Many Western analysts were quick to link this to military security rather than economic and environmental security. In particular, Xi mentioned improving the planning of waterways, the building of coastal and inland ports, and the upgrading of water transport facilities nationwide. He included developing a smart grid along with a series of new green, low-carbon energy bases and fine-tuning the oil and gas pipeline network. These are all related to non-military security and improve the country's capability to cope with extreme situations such as those caused by climate change which is a major challenge to economic security. Mitigating the impacts of floods, typhoons, droughts and protecting arable land are the new security frontiers. Common prosperity and economic security are the foundation of all national security. It's the idea of sovereign independence that cannot be threatened by sanctions, disruption to trade settlement, or interruption to trade routes. Unhackable soft infrastructure is the foundation of the digital economy. Some commentators see this call for infrastructure as a move to save China's economy. These are the same people who have been forecasting the collapse of the Chinese economy for the past 20 years. They fail to see that China has a coordinated approach to breaking through the middle-income trap by developing the digital economy and continuing to improve the physical infrastructure and thus economic benefits are more widely spread. Domestically, the "dual circulation" strategy is designed, which takes domestic development as the mainstay, with domestic and international development reinforcing each other. Sovereign independence of supply chains is a lesson from COVID-19. The infrastructure required to build a digital and clean economy helps to break free of the middle-income trap. The essential objective of "dual circulation" is to develop a robust economy, less reliant on external factors. An escape from the middle-income trap rests on improved productivity and new economic processes. This is a digital economy and soft infrastructure is required to make it work. Innovation is emphasized because new tech underpins the digital economy. Henry Ford, the founder of the Ford Motor Company, transformed Western production and economies with his assembly line. It was a new way of using existing resources. New tech is the foundation of the digital economy and China is way ahead in this development than Western economies. Consider a Huawei cell phone. Remove the apps and the phone is just a way to talk to people. The real value of the phone is the software infrastructure that enables WeChat, TikTok, Alipay and others. Their functionality rests on innovation and the soft infrastructure of the digital economy. Externally, the U.S. use of financial market sanctions highlights the need to move away from the Society for Worldwide Interbank Financial Telecommunications (SWIFT) system to ensure sovereign independence in trade settlement. This desire for financial independence suggests that rather than using taxpayers' money this time, China will try to implement new financing methods for infrastructure expansion. Unlike the U.S., China draws on reserves rather than borrowing, but this may change in the future through increased bond issues. These objectives are consistent with recent policy and regulatory announcements designed to attract international capital. This may see greater use of China debt instruments similar to U.S. treasuries. These are infrastructure and project bond issues for domestic and international fund managers. In the longer term, this may lead to the expansion of Chinese capital markets as participants see them as a store of wealth and a finance source rather than an opportunity for short-term capital gain. Essential soft infrastructure development includes improved security of trade settlement, the growth of the digital economy using quantum computing and reduction of business inefficiency. This includes soft infrastructure like the real-time balancing of power grid demands using quantum computing, and optical messaging from satellites. The keywords in Xi's observation are that infrastructure serves as "a pillar for economic and social development." Developing the infrastructure to support and expand common prosperity is the essential foundation of security for any country. Source: CGTN
SRCIC Members attend International Investment Promotion Seminar held by Chongqing Jiangbei District
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SRCIC Members attend International Investment Promotion Seminar held by Chongqing Jiangbei District
7 May 2022
On the afternoon of April 28, 2022, an international investment promotion Seminar was held by the Chongqing Committee of China Council for the Promotion of International Trade (CCPIT) and the government of Jiangbei District. Themed with Investing in Jiangbei to Gain a Win-Win Future, the seminar engaged representatives from 36 organizations, including related government authorities, business associations and investment companies from 12 countries such as Russia, Kazakhstan, Uzbekistan, Georgia, Kyrgyzstan, Tajikistan, etc. Cheng Yao, vice chair of CCPIT Chongqing Committee, and He Yong, member of the Standing Committee of Chongqing Jiangbei District Party Committee and deputy chief of Chongqing Jiangbei District, attended the event and delivered a speech. Vice Chair Cheng Yao delivers a speech SRCIC members including Said Sharif, president of Tajikistan Silk Road International Economic Union and former chairman of the Chamber of Commerce and Industry of Tajikistan, as well as David Saganelidze, chairman of JSC Partnership Fund and chairman of the Georgia-China Intergovernmental Trade and Economy Commission, were invited to address the seminar via video. Said Sharif addresses the seminar Said Sharif said that as an important part of the Belt and Road Initiative, the Silk Road has linked Tajikistan and China and their peoples closely. It has not only served as a vital economic artery, but also a road for friendship and consensus. Tajikistan has created a good business environment and a sound legal system to better protect the interests of investors. At present, dozens of Chinese companies operate in Tajikistan. Tajikistan is always ready to carry out mutually beneficial cooperation with China to embrace development and future together. David Saganelidze gives a speech Source: Chongqing Daily, the official website of CCPIT Chongqing Committee, the official WeChat account of Huahe International
PSRICC and Chinese Embassy in Philippines Jointly hold Online Forum on Beijing Winter Olympic Games
PSRICC and Chinese Embassy in Philippines Jointly hold Online Forum on Beijing Winter Olympic Games
23 Feb 2022
On February 22, 2022, The Philippine Silk Road International Chamber of Commerce (PSRICC) and the Chinese Embassy in the Philippines jointly held an online forum themed "A Memorable Winter Olympic". The participants reviewed the Beijing Winter Olympic Games and shared their personal experiences during the Games. Speaking highly of the grand event, all participants looked forward to a brighter future of China-Philippines cooperation. The forum started with a welcoming speech from PSRICC Francis Chairman Chua, who is also Vice Chairman of the Silk Road Chamber of International Commerce (SRCIC). Huang Xilian, Ambassador of the Chinese Embassy in the Philippines, delivered a keynote speech. The forum also welcomed speeches from Philippine Foreign Secretary Teodoro Locsin, Philippine Trade Secretary Ramon Lopez, Philippine Tourism Secretary Bernadette Romulo Puyat, Philippine Ambassador to China Jose Santiago Sta. Romana, SRCIC Chairman Lu Jianzhong, and Valeriano Floro, Chief of Mission of the Philippine Winter Olympics Delegation and Deputy Secretary General of the Philippine Olympic Committee. More than 200 Chinese and Philippine guests from political, business and media circles attended the forum online. Ambassador Huang Xilian said that after 14 years the Olympic flame was lit again in Beijing, making it the first city in the world to hold both Summer and Winter Olympic Games. Committed to a green, inclusive, open and clean approach, Beijing made every effort to overcome the COVID-19 impact and honored its commitment by delivering a simple, safe and splendid Olympic Games to the whole world, fully demonstrating the Olympic motto of "Faster, Higher, Stronger - Together". Ambassador Huang stressed that "Together for a Shared Future" is the common voice of the international community. Only by carrying forward and drawing strength from the Olympic spirit of tenacity, unity and friendship, understanding and tolerance, transcending politics and differences, can all countries meet the common challenges . "Together for a Shared Future" is also the common aspiration of both the Chinese and Philippine people. We hope that with the spirit of strength and courage of the Year of the Tiger, the two countries can continue our friendship solidified during the Winter Olympics and extend and carry forward the Olympic spirit. By working "Together for a Shared Future", we can maintain the development momentum of the partnership between the two countries in the new era, and make more fruitful achievements out of our friendship that lasts a millennium. Philippine Foreign Secretary Teodoro Locsin said the Olympic Games is "a unique opportunity for countries to bring together athletes from all over the world in friendly competition." He deemed the Games a glorious moment for the host country and its people to show the world its splendid history, and also “a symbol of hope” to the whole world in this third year of the COVID-19 pandemic. In addition, Locsin extended his salute to all the athletes that participated and his thanks to China and the Beijing 2022 organizing committee. “I am particularly proud of Miller (Alpine skier Asa Miller), who represented the Philippines,” he added. Trade Secretary Ramon Lopez said the Beijing 2022 Winter Olympics is now tagged as the most-watched Winter Olympics ever. "We salute China for their successful hosting, overcoming many obstacles from the pandemic, and for promoting winter sports among tropical countries like us," Lopez said. He also pointed out that the Games "is a fitting celebration of sportsmanship, kinship, and solidarity as we collectively recover from the pandemic and open a new chapter in the new normality." The Philippine Minister of Tourism Bernadette Romulo Puyat said that the true Olympic spirit of promoting understanding, unity and friendship among countries was further amplified in the motto of the Beijing 2022 Winter Olympic Games - "Together for a Shared Future". It is this spirit and a sense of belonging to the international community that unite all countries. Chairman Lu Jianzhong said that the world is undergoing dramatic changes in the new century. The far-reaching impact of COVID-19 pandemic has posed challenges to global economic recovery. He said, “But I am confident that the solidarity, cooperation and hope demonstrated by the Beijing Winter Olympics, as well as the passion, joy and friendship brought by winter sports, will give us greater confidence and strong momentum to defeat pandemic and promote global economic recovery. SRCIC is willing to join hands with business communities of all countries. Upholding the Olympic motto of "Faster, Higher, Stronger - Together" , we strive to build a platform for dialogue to advance international economic cooperation, mutual learning and exchanges among civilizations and peoples. We hope to make our contribution to high-quality construction of Belt and Road Initiative and to building a community with a shared future for mankind.” Chairman Francis Chua stated that the Beijing Winter Olympics was one of the major international sporting events held during the COVID-19 pandemic. He extended his congratulations to Beijing, Chinaon becoming the first city in the world to host both the Summer and Winter Olympic Games, and on the remarkable contribution made China and the Chinese people. He also recalled on the outbreak of COVID-19, which China provided the Philippines with vaccine assistance, medical equipment and medical teams, expressing that Sino-Philippine relationship will enjoy an even brighter future. Romana, Philippine ambassador to China, congratulated China for delivering a simple, safe and wonderful Winter Olympics to the world as promised. “The Philippines is very proud to be one of the few tropical countries to participate in the event. It is hoped that this forum will become a new starting point for Sino-Philippine friendship dialogue, and that cultural exchanges will continue through sports and other forms.” he said. Mr. Valeriano Floro, Chairman of the Philippine delegation, said that he felt the strict and strong anti-epidemic measures throughout the Beijing Winter Olympics as soon as he stepped off the plane that fully ensured the safety of all participants. The opening ceremony was amazing, the training facilities were well-maintained, the Olympic Village was well administrated, and the Chinese volunteers were warm and friendly. “This is truly an unforgettable experience for us”, he emphasized. On behalf of the Philippine Olympic Committee, he also congratulated China on its successful hosting of the Winter Olympic Games and thanked the host country and its people for their hospitality. The forum was broadcast live on several platforms, includingCHINOY TV, and featured promotional videos and highlights of the 2022 Beijing Winter Olympic Games. Source: Official website ofthe Chinese Embassy in the Philippines, Philippine Silk Road International Chamber of Commerce(PSRICC)
The PSRICC Entrusted By the China Charity Federation "Kits of Love" Handed Over To Manila Government
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The PSRICC Entrusted By the China Charity Federation "Kits of Love" Handed Over To Manila Government
14 Dec 2021
Above, Alfredo Morino,theMayor of Manila receives the "Kits of Love" donated by the CCF. Below, some of the "Kits of Love" materials are shown. Entrusted by the Chinese side,SRCIC member PSRICC held a ceremony at Manila City University on December 13 to hand over 2,000 "Kits of Love" donated by China to the Manila City Government. Roberto Morino, the Mayor of Manila received the donation, whichwill be distributed by the city government among public school students. Someone of PSRICC who attended the handover ceremonyfor the hand in handstudent activitiesof the 4th "Belt and Road · People-to-people Connectivity" were,Vice President Jerry Cua,the Diplomatic Sharon Sy, the Diplomatic Bryan Ang, Foundation Chairman of PSRICC and SRCIC Vice Chairman Amb. Francis Chua andhis daughter Dr. Beatrice,DirectorHuang Guojie, andthe Secretary-general Pol Ongkinglok.Attendees are alsoCarlos Arias, Presidentof the Manila City University, And Director of the Philippine Chamber of Commerce and Industry, Jesus B. Varela, the Director of thePCCI and theManila City University. To implement the speech spiritof President Xi Jinping,at the opening ceremony in the 73rd World Health Assembly Video Conference,titled "Unity and cooperation over the pandemic,Building acommunity of health for mankind, to consolidate the traditional friendship among the peoples of the world, and strengthen the people-to-people friendly, promote the hearts and minds are interlinked, China Charity Federation, China Council For the Promotion of International Exchange for Non-governmental Organizations, jointly carried out the 4th "Belt and Road · People-to-people Connectivity" student Hand in hand donation activity of "Kits of Love". Recommended by the Chinese Embassy in the Philippines, CCF entrusted PSRICCto coordinate with the Philippine government to distribute the donations to students in the Philippines, so as to make due contributions to the fight against the epidemic. Through the campaign, China donated 2,000 "Kits of Love" to every countryalong the Belt and Road. Each care bag contains: surgical mask, cooling oil, hand sanitizer, oil painting stick, compressed biscuits. All the items were distributed to domestic students to fight the epidemic. Source: PSRICC
INOV Contacto International Internships
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INOV Contacto International Internships
19 Jul 2021
Dear SRCIC members, We would like to inform you that "INOV Contacto" is now accepting applications for its International Internship Programme. If you want to strengthen your international team with a qualified, paid intern (whose profile is matched with the job description) during six months, you can take advantage of this programme that begins in January, 2022. "INOV Contacto" is an initiative promoted by the Portuguese Trade & Investment Agency since 1997, with more than 5,800 internships across 1,200 companies worldwide. To find out more and/or apply, click HERE.
SRCIC members attend the CPC and World Political Parties Summit
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SRCIC members attend the CPC and World Political Parties Summit
9 Jul 2021
On July 6, 2021, the Communist Party of China (CPC) and World Political Parties Summit was held via video link. Xi Jinping, general secretary of the CPC Central Committee and Chinese president, attended the summit in Beijing and delivered a keynote speech. In his speech titled Strengthening Cooperation Among Political Parties to Jointly Pursue the People's Wellbeing, Xi stressed that political parties, as an important force behind human progress, need to set the right course forward and shoulder their historic responsibility to ensure the people's well-being and pursue human progress. He also pointed out that the CPC stands ready to work with world political parties to be builders of world peace, advocates for global development, and guardians of the international order. Xi Jinping, general secretary of the CPC Central Committee and Chinese president, delivers a keynote speech (Source: Xinhua News Agency) The cloud summit gathered leaders of more than 500 political parties and organizations from over 160 countries. Political parties from 100-plus countries set up nearly 200 venues in their home countries to organize their representatives to attend the summit. SRCIC members including the Philippine Silk Road International Chamber of Commerce (PSRICC), Chinese Southeast European Business Association (CSEBA), Arab-Chinese Cooperation and Development Association, Office of Georgian Chamber of Commerce and Industry in China, Silk Road Association Alliance members including Latin American Centre of Political and Economics Studies of China (CLEPEC), Malaysian Chamber of Commerce and Industry in China, and SRCIC partner Russian Federation Chamber of Commerce and Industry in Eastern Asia (Beijing) attended the summit. Francis Chua, Vice Chairman of SRCIC and Chairman of the PSRICC pointed out that this year marks the centenary the CPC. For 100 years, the mission of the CPC has been to bring prosperity to the Chinese people. Through decades of arduous struggle, the CPC has achieved one victory after another, profoundly changing the history and destiny of China. The PSRICC is willing to promote the cooperation between the Philippine business community and China. “When we communicate with countries around the world, we will tell them that China is a country that values peace, a country that cares about its people and its neighbors, a country that keeps its word and walks by its word. We will tell the world about China's efforts in promoting global peace and development. That's what we at the PSRICC are doing, and we want to continue to tell good stories about China,”Chua said. The image above is President Xi Jinping delivering a keynote speech. The image below, at left, is President Duterte's video address to the conference. On the right is the scene at PSRICC. Mario Rendulić, president of CSEBA said they will convey President Xi’s ideas to the Croatian people in a suitable way. He hoped that the Croatian leaders will have a deeper understanding of the CPC and draw on it to accelerate Croatia's development in all aspects. He then reiterated his willingness to further promote the Belt and Road Initiative in Croatia in the hope of building stronger ties between the two countries. President of CSEBA Mario Rendulić (R) and President of CSEBA in Asian-Pacific Li Zhenwei (L) attending the online meeting President of Arab-Chinese Cooperation and Development Association Kassem Tofailli(the first row from left) attending the online meeting Chief Representative of Russian Federation Chamber of Commerce and Industry in Eastern Asia(Beijing) Ivan A.Izotov attending the meeting Bekar, representative of Georgian Chamber of Commerce and Industry in China, congratulated on the success of the CPC and World Political Parties Summit. He expressed heartfelt congratulations on CPC's centenary and wished China continuous progress and development. He said that from the perspective of history, the period of 100 years is very short. But within such a short time frame, Chinese people managed to make unprecedented achievements under the leadership of the CPC.China is an important strategic partner of Georgia, and the two countries enjoyatime-honoredfriendship and close cooperation, which he hoped to continue to deepen and develop in the years to come. Source: People's Daily and SRCIC members
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