Interview: New quality productive forces advance UN Sustainable Development Goals, says former UN Under-Secretary-General
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Interview: New quality productive forces advance UN Sustainable Development Goals, says former UN Under-Secretary-General
24 Jun 2024
BRUSSELS, June 20 (Xinhua) -- China's effort to develop "new quality productive forces" injects new momentum into achieving the UN Sustainable Development Goals, said Erik Solheim, co-chair of the Europe-Asia Center and former under-secretary-general of the United Nations. The concept of "new quality productive forces" was first proposed by Chinese President Xi Jinping in 2023, which encapsulates China's successful combination of technological innovation and green development, he said, adding that China's effort in this regard is crucial for the global green transformation. He cited the Kela hydro-photovoltaic power station in China's Sichuan province as an example. As the world's largest and highest-altitude hydro-solar plant, Kela can charge 15,000 electric vehicles with a 550-km range in just one hour. "China is now the core of global green development and an indispensable force in the global green transformation," said Solheim, noting that countries seeking green development without cooperating with China will "pay more time and cost." Solheim highlighted China's role in high-tech industries, saying that alongside Silicon Valley, "China is the other center of industrial and high-tech development in the world." He said Chinese companies supply nearly 60 percent of the global green product market, including the photovoltaic industry, driven by continuous technological innovation. According to Solheim, China has been a leading scientific nation and "better suited than the West to combine science with production," enabled by a strong government, a unified large market, an improved industrial ecosystem, and a large highly educated workforce. These factors reduce its cost from R&D to production. "China has established a collaborative structure, with a closer link between the scientific institutions and production. And the Chinese government is actively working with sci-tech enterprises and research institutes to explore the transformation of cutting-edge technologies into market-oriented products," Solheim said. Commenting on the recent EU tariff hikes on Chinese electric vehicle companies, Solheim argued that "Chinese tech companies are making better and cheaper cars, and their counterparts are struggling with the competition. The only real answer for the West is to start getting up early, making better products, and improving their competitiveness instead of complaining about China." (Li Ruojia contributed to the story) Source: Xinhua
Chongqing gears up to host second Belt and Road International Skills Competition
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Chongqing gears up to host second Belt and Road International Skills Competition
24 Jun 2024
The second Belt and Road International Skills Competition will kick off in Chongqing on Monday, showcasing China's commitment to fostering talent exchange within the Belt and Road Initiative framework. This three-day event, running from June 24 to 26, will see 190 competitors from China and abroad vying for top honors in 18 skill categories. Participants, primarily young adults with an average age of 22, hail from countries like Russia, Germany, and Kazakhstan. The competition focuses on high-tech and life-related skills, with events ranging from hairdressing and logistics to unmanned aerial vehicle maintenance. Beyond the competition itself, attendees can participate in various side events, including forums on digital skill development and international skill exchange activities. "Our ministry has actively promoted skills exchange and cooperation with BRI countries, international organizations, and companies in recent years," said Wang Xiaojun, a Ministry of Human Resources and Social Security official, at a Sunday press conference. "These collaborations have yielded positive results." Wang emphasized the ministry's efforts in nurturing skilled talent specifically for overseas branches of Chinese companies and BRI partner nations. Chongqing, the host city in southwestern China, serves as a prime example of successful BRI skills exchange and cooperation. "In recent years, Chongqing has established partnerships with over 30 countries and regions, including Singapore and Germany, as well as international industry associations," said Quan Wei, a Chongqing government official. "This international collaboration has significantly bolstered our skilled workforce." Quan highlighted Chongqing's current skilled worker population of over 5.36 million, with 1.7 million categorized as highly skilled. "These skilled professionals are a cornerstone of our city's social and economic development," he concluded. This competition builds upon the success of the inaugural Belt and Road International Skills Competition held in Chongqing in May 2019. Source: China Daily
China's new development means opportunities for world
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China's new development means opportunities for world
21 Jun 2024
The international community holds a positive outlook on the Chinese economy. Recently, the World Bank raised its forecast for China's 2024 economic growth to 4.8 percent, 0.3 percentage points higher from the previous forecast. The International Monetary Fund also revised up China's economic outlook to 5 percent, 0.4 percentage points higher than the previous forecast. According to a mid-year update of the January 2024 World Economic Situation and Prospects report released by the United Nations on May 16, the outlook for China registers a small uptick with growth expected to be 4.8 percent in 2024, compared with 4.7 percent in the January 2024 forecast. International financial institutions such as the Asian Development Bank, Goldman Sachs, Morgan Stanley, and UBS have recently revised upward China's growth forecast in 2024. All these indicators demonstrate that China remains an important stabilizer and driving force of global economic growth. The foundation for China's stable economic growth is continuously consolidated. Since the beginning of this year, the Chinese economy has been steadily recovering and turning for the better. In the first quarter of 2024, China's gross domestic product grew 5.3 percent year on year, with three drivers of economic growth - consumption, investment, and exports performing well, and the four major macroeconomic indicators of growth, employment, inflation, and international balance of payments generally remaining stable. According to the General Administration of Customs of China, in the first quarter of 2024, China's total import and export of goods expanded 5 percent year on year in yuan terms, and the foreign trade in goods stood at 10.17 trillion yuan ($1.4 trillion). Historically, for the first time, the country's foreign trade scale has exceeded 10 trillion yuan during the same period, while the growth rate has hit a six-quarter high. Besides, China's trade with countries participating in the Belt and Road Initiative and other BRICS nations has shown a growth rate that surpasses the overall growth rate. China has played a positive and significant role in providing cost-effective products to global markets as a world manufacturing powerhouse and creating demand for products from other countries as a major consumer market of the world. The momentum of China's economic growth is becoming increasingly evident. Pursuing high-quality development, China's manufacturing has stood out with new technologies and products. According to the data from the China Association of Automobile Manufacturers, China's new energy vehicle output surged 30.7 percent in the first five months of 2024 compared with the same period a year earlier to 3.93 million units, while NEV sales hit 3.9 million units, marking a rapid increase of 32.5 percent. Such robust expansion has driven up the market share of China's NEVs to 39.5 percent in May this year, up from 36 percent a month earlier. New forms and models of foreign trade in China have also gained momentum. In the first quarter of 2024, China's imports and exports of intermediate goods increased by 4.4 percent. Meanwhile, the country's cross-border e-commerce trade rose by 9.6 percent year on year to 577.6 billion yuan. The number of overseas warehouses established by Chinese enterprises for cross-border e-commerce purposes rose by 11.8 percent. These developments reflect the improvement of China's economic structure and efficiency, the rapid growth of new quality productive forces, and the steady enhancement of new development momentum. China has been opening its door wider and wider to the outside world. China continues expanding high-level opening up and sharing its development opportunities and dividends with all parties in the world, marked by increased market access, accelerated opening up of the modern service industry, enhanced services for foreign investors on an equal footing, and stronger protection of intellectual property rights and legitimate rights and interests of foreign investors. Walter Doring, chairman of the Academy of German Hidden Champions, said that over 90 percent of some 500 leading German enterprises have engaged in partnerships with China, adding that collaboration with China is indispensable for any enterprise aiming to lead the global market. China's sustained and stable economic growth is instrumental for global economic recovery. With the robust domestic market, China contributes about 30 percent of the global economic growth. China is not only the world's most promising and vast market but also a major trading partner of over 140 countries and regions. With the expansion and upgrading of the consumer market and technological innovation, China's economy will continue to grow steadily, generating even greater positive spillover effects on the world economy. In the face of a complex and fast-changing international landscape, the Chinese economy has the confidence and strength to forge ahead. As China advances modernization through high-quality development, its mega-market of over 1.4 billion people will continuously unleash new demands and growth vitality. China is ready to continue sharing opportunities with other countries, so as to achieve common development and constantly write stories of win-win cooperation. Source: China Daily
High-quality growth boosts investors' confidence
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High-quality growth boosts investors' confidence
21 Jun 2024
China's major targets for this year include a GDP of about 5 percent, the creation of 12 million jobs and keeping the increase in inflation below 3 percent. Since 2015, China has been the world's largest economy by GDP(purchasing power parity), with substantial improvements in people's purchasing power and standard of living. First, people's standard of living has improved due to factors such as the increase in per capita GDP. As a result, China now has the largest middle-income group in the world — more than 400 million people. Second, people's living cost is relatively low because the prices of goods and services in China are lower than in other countries. And third, the availability of goods is wider and speed of delivery faster in China compared with those in the US, thanks to the booming e-commerce sector and online retail platforms. Also, for the Chinese people, bank savings and real estate, particularly commercial residential housing, are the most important channels to increase their wealth. By the end of May this year, China had savings of 299 trillion yuan ($41.2 trillion). These savings have helped make the Chinese economy so resilient. The real estate reform in 1998 kick-started the commercial residential property boom. China is in the midst of the world's largest urbanization drive. While the urbanization rate had reached 66.16 percent by the end of 2023, China's urbanization rate is still lower than 80 percent or more in developed countries. Urbanization will ensure high-quality growth and make cities more attractive, while better city planning and management will ensure the real estate's qualitative growth. 'Silver economy' new opportunity Amid all these developments, the fact that Chinese consumers are becoming more sophisticated is evident from their changing tastes and interests, and their focus on value for money. The added advantage is that the middle-adult (45-65) age group is the most affluent among all age groups and, at the same time, willing to spend more. As for China's "silver economy", it is estimated to be worth 30 trillion yuan by 2035. And elderly people's rising demands for entertainment, travel, luxury goods, healthcare, medicines, further education and wealth management will help further boost overall growth. China's manufacturing capacity and digital economy can easily meet the urbanization and consumer demands, according to the International Institute for Management Development, because it is by far the world's biggest manufacturing hub. The logistical advantages of China having a complete domestic supply chain become even more prominent when global supply chains are disrupted by pandemics, conflicts, geopolitics and protectionism. Thanks to the largest e-commerce market, the application of advanced digital technologies and availability of the largest educated workforce, Chinese manufacturers are able to produce at scale, substantially reducing their cost of production. Such a high level of production and innovation capability helps them expand their global footprint. For instance, new e-commerce platforms have showed how China's manufacturing advantages combined with the digital economy to create a perfect loop. Innovations ensure leadership in AI Furthermore, the Belt and Road Initiative has injected new vitality into China's supply chain by opening up new markets. China became the world's biggest car exporter in 2023 and is the global leader in making and selling electric vehicles (EVs), Therefore, despite the auto industry having one of the most complex supply chains, China will lead the development of the global EV sector. Moreover, China has the highest number of university graduates in STEM(science, technology, engineering and mathematics) in the world which, coupled with the national policy of promoting fundamental research and innovation in high-tech, has given rise to a new round of R&D and innovation at scale. As for China's AI+ strategy, it is helping build AI+ infrastructure and supercomputer-manufacturing centers, and applying AI in all aspects of the economy. As a matter of fact, China is particularly strong in developing AI solutions and commercializing AI. China has applied AI in fields such as new materials, new energy cars, life sciences, and environmental and ecological protection. In smart manufacturing and industrial internet of things, AI is more concentrated in the design and quality control fields, which means virtual reality, augmented reality, mixed reality, industrial robotics and/or edge computing can be applied to improve productivity in any manufacturing area. Besides, the country has invested more than 3 trillion yuan in research and development in 2023, which may help it to lead in all AI-enabled emerging areas. However, the financial stability of the Chinese economy is being tested as the country undergoes deeper financial and structural economic reforms. The economy will overcome these challenges, though, thanks to its large consumer market, a burgeoning middle-income group, high agricultural and industrial production capacity, and innovation-driven development. China has vowed to further open up its economy and already signed visa-free entry agreements with a number of countries. This, along with its high-quality growth, will attract more investors focused on long-term value-based returns. The author, a German citizen based in Shanghai, is founder and chief executive officer of IMT Management Tech Consultancy, chief growth officer of Smart Factory Kunshan and a researcher at Jiao Tong University Institute of Culture and Creative Industry. The views don't necessarily reflect those of China Daily. Source: China Daily
New railway will turn Central Asia into a major Eurasian hub
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New railway will turn Central Asia into a major Eurasian hub
20 Jun 2024
A trilateral intergovernmental agreement on the China-Kyrgyzstan-Uzbekistan railway project was signed at a ceremony in Beijing on June 6. President Xi Jinping, President of Kyrgyzstan Sadyr Japarov and President of Uzbekistan Shavkat Mirziyoyev hailed the event as a sign of unity and shared progress. In his address, President Xi underscored the railway project as an epitome of strategic cooperation within the Belt and Road Initiative. The signing of the agreement establishes a robust legal foundation for the project and signifies a major shift from a mere vision to a tangible reality. China's dedication to collaborating with the two Central Asian countries to accelerate the construction of this strategic transport corridor is a clear indication of the collective progress of the project, which is set to bring substantial benefits to all three countries. The governments of China, Kyrgyzstan and Uzbekistan agreed to embark on constructing the new railway at a Shanghai Cooperation Organization summit held in the Uzbek city of Samarkand in September, 2022. The project feasibility study was updated following the completion of field surveys by Chinese engineers in December last year. All three countries have diligently prepared for the construction, which is expected to commence later this year. The new railway, a beacon of hope and optimism, will start in China's Kashgar and traverse Torugart, Kosh-Dobo, and Kazarman in Kyrgyzstan, culminating in Andijan in eastern Uzbekistan. It is estimated that the railway will shorten the route between China and Europe by about 900 kilometers and reduce freight transit time by eight days. This transformative railway, with its potential to enhance trade and economic cooperation between the countries along its path, holds the promise of a brighter future and instills optimism due to the potential economic benefits it will bring. According to an earlier announcement, the planned 523-km railway will be constructed through a joint venture involving three countries. The estimated total cost of the project is $8 billion, with $4.7 billion allocated for the Kyrgyz part. In a testament to the project's significance, Japarov emphasized that this project is crucial for Kyrgyzstan's global connectivity, allowing his landlocked country to connect with the rest of the world. The project was first proposed in the 1990s, and the three sides signed a memorandum of understanding on constructing the railway in 1997. Some experts believe political and geopolitical problems have hindered the project's development. However, we don't share this view. China is a pragmatic partner, and economic feasibility is crucial for making any decision. This time, practical considerations again played a critical role. The launch of this project occurred thanks to the unfolding Eurasian railway revolution, a clear demonstration of which are the facts listed below. On May 25, a significant event occurred: the 90,000th trip was made on the China-Europe freight rail link, mainly through its northern route via Kazakhstan and Russia. Since its inception in 2011, the service has transported over 8.7 million twenty-foot equivalent units containers carrying goods valued at more than $380 billion. This impressive accomplishment highlights the success of that railway link. Currently, China-Europe freight trains connect 223 cities in 25 European countries and over 100 cities in 11 Asian countries, creating a service network spanning almost the entire Eurasian continent. Between 2016 and 2023, the annual number of China-Europe freight train trips increased from 1,702 to over 17,000. The value of goods transported by this service rose from $8 billion in 2016 to $56.7 billion in 2023.This rapid growth reflects the growing market demand for this efficient and dependable mode of transportation, especially when compared to air and sea routes. The traffic's rapid growth continued this year. From January to April, 6,184 China-Europe freight trains operated, delivering 675,000 TEUs of cargo. It represents a 10 percent increase in the number of trains and an 11 percent increase in cargo compared to the same period of last year. The set-scheduled service has further improved transit time, with a journey from Xi'an to Duisburg, Germany, now taking only 12 days. The rapidly growing rail traffic volume shows that developing an additional rail transport route between China and Europe, this time through Central Asia, the Caspian Sea, and the South Caucasus, will be economically feasible. The construction of this railway line will create the shortest land route between the two economic centers of the Eurasian continent along the Middle Corridor. At the same time, it will establish direct rail connections between China and Central Asia, the South Caucasus, Iran, Turkiye, and Europe, transforming Central Asia from a landlocked to a land-connected area. The new railway lines will intersect in Central Asia with planned and under-construction railway lines in the North-South direction from Russia and Central Asia through Afghanistan, Pakistan, Azerbaijan, and Iran to the deep-water ports of the Indian Ocean. President of Uzbekistan Mirziyoyev specifically highlighted this potential during the signing ceremony on June 6 by saying that the railway will become the shortest land channel between China and the Central Asian countries and open the big markets of the South Asian and Middle Eastern countries. If this plan comes to fruition, the intersection of the East-West and North-South railway routes in Central Asia could transform the region into a major transport hub for the entire Eurasian continent. If this happens, the Great Silk Road revival could become a reality. The author is former prime minister of the Kyrgyz Republic and a distinguished professor at the Belt and Road School at Beijing Normal University. The author contributed this article to China Watch, a think tank powered by China Daily.The views don't necessarily reflect those of China Daily. Source: China Daily Global
Interview: Croatian expert speaks highly of China's economic performance
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Interview: Croatian expert speaks highly of China's economic performance
19 Jun 2024
ZAGREB, June 17 (Xinhua) -- The Chinese economy is continuing its steady recovery, Ivan Milic, a Croatian economic analyst, said in an interview with Xinhua on Monday. According to latest government data from China, the country's economy extended an upward recovery trend in May, as shown by faster consumption growth and steady expansion in industrial production. In May, retail sales of consumer goods expanded 3.7 percent year on year to 3.92 trillion yuan (about 551 billion U.S. dollars). From the perspective of foreign trade, China's goods imports and exports increased by 8.6 percent year-on-year in May, 0.6 percentage points faster than the previous month. "The Chinese economy is no doubt recovering. China has shown that it has the economic strength to withstand all pressures and that its economy is healthy and resilient," Milic said, adding that China's 2024 GDP growth target of around 5 percent is "realistic and achievable." Milic noted that the World Bank has recently raised its forecast for China's 2024 economic growth to 4.8 percent, 0.3 percentage points higher from the previous forecast. The International Monetary Fund also revised up China's economic outlook to 5 percent, 0.4 percentage points higher than the previous forecast. This shows that the international community is optimistic and confident about China's economic prospects, Milic said. "I am convinced that China's economic growth will remain stable in the future," he added. After decades of rapid economic development, China has now become the second largest economy in the world, Milic said. The country has become an important engine for world economic growth, and "today its economy is indispensable for the world." Source: Xinhua
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.
Interview: New quality productive forces advance UN Sustainable Development Goals, says former UN Under-Secretary-General
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Interview: New quality productive forces advance UN Sustainable Development Goals, says former UN Under-Secretary-General
24 Jun 2024
BRUSSELS, June 20 (Xinhua) -- China's effort to develop "new quality productive forces" injects new momentum into achieving the UN Sustainable Development Goals, said Erik Solheim, co-chair of the Europe-Asia Center and former under-secretary-general of the United Nations. The concept of "new quality productive forces" was first proposed by Chinese President Xi Jinping in 2023, which encapsulates China's successful combination of technological innovation and green development, he said, adding that China's effort in this regard is crucial for the global green transformation. He cited the Kela hydro-photovoltaic power station in China's Sichuan province as an example. As the world's largest and highest-altitude hydro-solar plant, Kela can charge 15,000 electric vehicles with a 550-km range in just one hour. "China is now the core of global green development and an indispensable force in the global green transformation," said Solheim, noting that countries seeking green development without cooperating with China will "pay more time and cost." Solheim highlighted China's role in high-tech industries, saying that alongside Silicon Valley, "China is the other center of industrial and high-tech development in the world." He said Chinese companies supply nearly 60 percent of the global green product market, including the photovoltaic industry, driven by continuous technological innovation. According to Solheim, China has been a leading scientific nation and "better suited than the West to combine science with production," enabled by a strong government, a unified large market, an improved industrial ecosystem, and a large highly educated workforce. These factors reduce its cost from R&D to production. "China has established a collaborative structure, with a closer link between the scientific institutions and production. And the Chinese government is actively working with sci-tech enterprises and research institutes to explore the transformation of cutting-edge technologies into market-oriented products," Solheim said. Commenting on the recent EU tariff hikes on Chinese electric vehicle companies, Solheim argued that "Chinese tech companies are making better and cheaper cars, and their counterparts are struggling with the competition. The only real answer for the West is to start getting up early, making better products, and improving their competitiveness instead of complaining about China." (Li Ruojia contributed to the story) Source: Xinhua
Chongqing gears up to host second Belt and Road International Skills Competition
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Chongqing gears up to host second Belt and Road International Skills Competition
24 Jun 2024
The second Belt and Road International Skills Competition will kick off in Chongqing on Monday, showcasing China's commitment to fostering talent exchange within the Belt and Road Initiative framework. This three-day event, running from June 24 to 26, will see 190 competitors from China and abroad vying for top honors in 18 skill categories. Participants, primarily young adults with an average age of 22, hail from countries like Russia, Germany, and Kazakhstan. The competition focuses on high-tech and life-related skills, with events ranging from hairdressing and logistics to unmanned aerial vehicle maintenance. Beyond the competition itself, attendees can participate in various side events, including forums on digital skill development and international skill exchange activities. "Our ministry has actively promoted skills exchange and cooperation with BRI countries, international organizations, and companies in recent years," said Wang Xiaojun, a Ministry of Human Resources and Social Security official, at a Sunday press conference. "These collaborations have yielded positive results." Wang emphasized the ministry's efforts in nurturing skilled talent specifically for overseas branches of Chinese companies and BRI partner nations. Chongqing, the host city in southwestern China, serves as a prime example of successful BRI skills exchange and cooperation. "In recent years, Chongqing has established partnerships with over 30 countries and regions, including Singapore and Germany, as well as international industry associations," said Quan Wei, a Chongqing government official. "This international collaboration has significantly bolstered our skilled workforce." Quan highlighted Chongqing's current skilled worker population of over 5.36 million, with 1.7 million categorized as highly skilled. "These skilled professionals are a cornerstone of our city's social and economic development," he concluded. This competition builds upon the success of the inaugural Belt and Road International Skills Competition held in Chongqing in May 2019. Source: China Daily
China's new development means opportunities for world
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China's new development means opportunities for world
21 Jun 2024
The international community holds a positive outlook on the Chinese economy. Recently, the World Bank raised its forecast for China's 2024 economic growth to 4.8 percent, 0.3 percentage points higher from the previous forecast. The International Monetary Fund also revised up China's economic outlook to 5 percent, 0.4 percentage points higher than the previous forecast. According to a mid-year update of the January 2024 World Economic Situation and Prospects report released by the United Nations on May 16, the outlook for China registers a small uptick with growth expected to be 4.8 percent in 2024, compared with 4.7 percent in the January 2024 forecast. International financial institutions such as the Asian Development Bank, Goldman Sachs, Morgan Stanley, and UBS have recently revised upward China's growth forecast in 2024. All these indicators demonstrate that China remains an important stabilizer and driving force of global economic growth. The foundation for China's stable economic growth is continuously consolidated. Since the beginning of this year, the Chinese economy has been steadily recovering and turning for the better. In the first quarter of 2024, China's gross domestic product grew 5.3 percent year on year, with three drivers of economic growth - consumption, investment, and exports performing well, and the four major macroeconomic indicators of growth, employment, inflation, and international balance of payments generally remaining stable. According to the General Administration of Customs of China, in the first quarter of 2024, China's total import and export of goods expanded 5 percent year on year in yuan terms, and the foreign trade in goods stood at 10.17 trillion yuan ($1.4 trillion). Historically, for the first time, the country's foreign trade scale has exceeded 10 trillion yuan during the same period, while the growth rate has hit a six-quarter high. Besides, China's trade with countries participating in the Belt and Road Initiative and other BRICS nations has shown a growth rate that surpasses the overall growth rate. China has played a positive and significant role in providing cost-effective products to global markets as a world manufacturing powerhouse and creating demand for products from other countries as a major consumer market of the world. The momentum of China's economic growth is becoming increasingly evident. Pursuing high-quality development, China's manufacturing has stood out with new technologies and products. According to the data from the China Association of Automobile Manufacturers, China's new energy vehicle output surged 30.7 percent in the first five months of 2024 compared with the same period a year earlier to 3.93 million units, while NEV sales hit 3.9 million units, marking a rapid increase of 32.5 percent. Such robust expansion has driven up the market share of China's NEVs to 39.5 percent in May this year, up from 36 percent a month earlier. New forms and models of foreign trade in China have also gained momentum. In the first quarter of 2024, China's imports and exports of intermediate goods increased by 4.4 percent. Meanwhile, the country's cross-border e-commerce trade rose by 9.6 percent year on year to 577.6 billion yuan. The number of overseas warehouses established by Chinese enterprises for cross-border e-commerce purposes rose by 11.8 percent. These developments reflect the improvement of China's economic structure and efficiency, the rapid growth of new quality productive forces, and the steady enhancement of new development momentum. China has been opening its door wider and wider to the outside world. China continues expanding high-level opening up and sharing its development opportunities and dividends with all parties in the world, marked by increased market access, accelerated opening up of the modern service industry, enhanced services for foreign investors on an equal footing, and stronger protection of intellectual property rights and legitimate rights and interests of foreign investors. Walter Doring, chairman of the Academy of German Hidden Champions, said that over 90 percent of some 500 leading German enterprises have engaged in partnerships with China, adding that collaboration with China is indispensable for any enterprise aiming to lead the global market. China's sustained and stable economic growth is instrumental for global economic recovery. With the robust domestic market, China contributes about 30 percent of the global economic growth. China is not only the world's most promising and vast market but also a major trading partner of over 140 countries and regions. With the expansion and upgrading of the consumer market and technological innovation, China's economy will continue to grow steadily, generating even greater positive spillover effects on the world economy. In the face of a complex and fast-changing international landscape, the Chinese economy has the confidence and strength to forge ahead. As China advances modernization through high-quality development, its mega-market of over 1.4 billion people will continuously unleash new demands and growth vitality. China is ready to continue sharing opportunities with other countries, so as to achieve common development and constantly write stories of win-win cooperation. Source: China Daily
High-quality growth boosts investors' confidence
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High-quality growth boosts investors' confidence
21 Jun 2024
China's major targets for this year include a GDP of about 5 percent, the creation of 12 million jobs and keeping the increase in inflation below 3 percent. Since 2015, China has been the world's largest economy by GDP(purchasing power parity), with substantial improvements in people's purchasing power and standard of living. First, people's standard of living has improved due to factors such as the increase in per capita GDP. As a result, China now has the largest middle-income group in the world — more than 400 million people. Second, people's living cost is relatively low because the prices of goods and services in China are lower than in other countries. And third, the availability of goods is wider and speed of delivery faster in China compared with those in the US, thanks to the booming e-commerce sector and online retail platforms. Also, for the Chinese people, bank savings and real estate, particularly commercial residential housing, are the most important channels to increase their wealth. By the end of May this year, China had savings of 299 trillion yuan ($41.2 trillion). These savings have helped make the Chinese economy so resilient. The real estate reform in 1998 kick-started the commercial residential property boom. China is in the midst of the world's largest urbanization drive. While the urbanization rate had reached 66.16 percent by the end of 2023, China's urbanization rate is still lower than 80 percent or more in developed countries. Urbanization will ensure high-quality growth and make cities more attractive, while better city planning and management will ensure the real estate's qualitative growth. 'Silver economy' new opportunity Amid all these developments, the fact that Chinese consumers are becoming more sophisticated is evident from their changing tastes and interests, and their focus on value for money. The added advantage is that the middle-adult (45-65) age group is the most affluent among all age groups and, at the same time, willing to spend more. As for China's "silver economy", it is estimated to be worth 30 trillion yuan by 2035. And elderly people's rising demands for entertainment, travel, luxury goods, healthcare, medicines, further education and wealth management will help further boost overall growth. China's manufacturing capacity and digital economy can easily meet the urbanization and consumer demands, according to the International Institute for Management Development, because it is by far the world's biggest manufacturing hub. The logistical advantages of China having a complete domestic supply chain become even more prominent when global supply chains are disrupted by pandemics, conflicts, geopolitics and protectionism. Thanks to the largest e-commerce market, the application of advanced digital technologies and availability of the largest educated workforce, Chinese manufacturers are able to produce at scale, substantially reducing their cost of production. Such a high level of production and innovation capability helps them expand their global footprint. For instance, new e-commerce platforms have showed how China's manufacturing advantages combined with the digital economy to create a perfect loop. Innovations ensure leadership in AI Furthermore, the Belt and Road Initiative has injected new vitality into China's supply chain by opening up new markets. China became the world's biggest car exporter in 2023 and is the global leader in making and selling electric vehicles (EVs), Therefore, despite the auto industry having one of the most complex supply chains, China will lead the development of the global EV sector. Moreover, China has the highest number of university graduates in STEM(science, technology, engineering and mathematics) in the world which, coupled with the national policy of promoting fundamental research and innovation in high-tech, has given rise to a new round of R&D and innovation at scale. As for China's AI+ strategy, it is helping build AI+ infrastructure and supercomputer-manufacturing centers, and applying AI in all aspects of the economy. As a matter of fact, China is particularly strong in developing AI solutions and commercializing AI. China has applied AI in fields such as new materials, new energy cars, life sciences, and environmental and ecological protection. In smart manufacturing and industrial internet of things, AI is more concentrated in the design and quality control fields, which means virtual reality, augmented reality, mixed reality, industrial robotics and/or edge computing can be applied to improve productivity in any manufacturing area. Besides, the country has invested more than 3 trillion yuan in research and development in 2023, which may help it to lead in all AI-enabled emerging areas. However, the financial stability of the Chinese economy is being tested as the country undergoes deeper financial and structural economic reforms. The economy will overcome these challenges, though, thanks to its large consumer market, a burgeoning middle-income group, high agricultural and industrial production capacity, and innovation-driven development. China has vowed to further open up its economy and already signed visa-free entry agreements with a number of countries. This, along with its high-quality growth, will attract more investors focused on long-term value-based returns. The author, a German citizen based in Shanghai, is founder and chief executive officer of IMT Management Tech Consultancy, chief growth officer of Smart Factory Kunshan and a researcher at Jiao Tong University Institute of Culture and Creative Industry. The views don't necessarily reflect those of China Daily. Source: China Daily
New railway will turn Central Asia into a major Eurasian hub
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New railway will turn Central Asia into a major Eurasian hub
20 Jun 2024
A trilateral intergovernmental agreement on the China-Kyrgyzstan-Uzbekistan railway project was signed at a ceremony in Beijing on June 6. President Xi Jinping, President of Kyrgyzstan Sadyr Japarov and President of Uzbekistan Shavkat Mirziyoyev hailed the event as a sign of unity and shared progress. In his address, President Xi underscored the railway project as an epitome of strategic cooperation within the Belt and Road Initiative. The signing of the agreement establishes a robust legal foundation for the project and signifies a major shift from a mere vision to a tangible reality. China's dedication to collaborating with the two Central Asian countries to accelerate the construction of this strategic transport corridor is a clear indication of the collective progress of the project, which is set to bring substantial benefits to all three countries. The governments of China, Kyrgyzstan and Uzbekistan agreed to embark on constructing the new railway at a Shanghai Cooperation Organization summit held in the Uzbek city of Samarkand in September, 2022. The project feasibility study was updated following the completion of field surveys by Chinese engineers in December last year. All three countries have diligently prepared for the construction, which is expected to commence later this year. The new railway, a beacon of hope and optimism, will start in China's Kashgar and traverse Torugart, Kosh-Dobo, and Kazarman in Kyrgyzstan, culminating in Andijan in eastern Uzbekistan. It is estimated that the railway will shorten the route between China and Europe by about 900 kilometers and reduce freight transit time by eight days. This transformative railway, with its potential to enhance trade and economic cooperation between the countries along its path, holds the promise of a brighter future and instills optimism due to the potential economic benefits it will bring. According to an earlier announcement, the planned 523-km railway will be constructed through a joint venture involving three countries. The estimated total cost of the project is $8 billion, with $4.7 billion allocated for the Kyrgyz part. In a testament to the project's significance, Japarov emphasized that this project is crucial for Kyrgyzstan's global connectivity, allowing his landlocked country to connect with the rest of the world. The project was first proposed in the 1990s, and the three sides signed a memorandum of understanding on constructing the railway in 1997. Some experts believe political and geopolitical problems have hindered the project's development. However, we don't share this view. China is a pragmatic partner, and economic feasibility is crucial for making any decision. This time, practical considerations again played a critical role. The launch of this project occurred thanks to the unfolding Eurasian railway revolution, a clear demonstration of which are the facts listed below. On May 25, a significant event occurred: the 90,000th trip was made on the China-Europe freight rail link, mainly through its northern route via Kazakhstan and Russia. Since its inception in 2011, the service has transported over 8.7 million twenty-foot equivalent units containers carrying goods valued at more than $380 billion. This impressive accomplishment highlights the success of that railway link. Currently, China-Europe freight trains connect 223 cities in 25 European countries and over 100 cities in 11 Asian countries, creating a service network spanning almost the entire Eurasian continent. Between 2016 and 2023, the annual number of China-Europe freight train trips increased from 1,702 to over 17,000. The value of goods transported by this service rose from $8 billion in 2016 to $56.7 billion in 2023.This rapid growth reflects the growing market demand for this efficient and dependable mode of transportation, especially when compared to air and sea routes. The traffic's rapid growth continued this year. From January to April, 6,184 China-Europe freight trains operated, delivering 675,000 TEUs of cargo. It represents a 10 percent increase in the number of trains and an 11 percent increase in cargo compared to the same period of last year. The set-scheduled service has further improved transit time, with a journey from Xi'an to Duisburg, Germany, now taking only 12 days. The rapidly growing rail traffic volume shows that developing an additional rail transport route between China and Europe, this time through Central Asia, the Caspian Sea, and the South Caucasus, will be economically feasible. The construction of this railway line will create the shortest land route between the two economic centers of the Eurasian continent along the Middle Corridor. At the same time, it will establish direct rail connections between China and Central Asia, the South Caucasus, Iran, Turkiye, and Europe, transforming Central Asia from a landlocked to a land-connected area. The new railway lines will intersect in Central Asia with planned and under-construction railway lines in the North-South direction from Russia and Central Asia through Afghanistan, Pakistan, Azerbaijan, and Iran to the deep-water ports of the Indian Ocean. President of Uzbekistan Mirziyoyev specifically highlighted this potential during the signing ceremony on June 6 by saying that the railway will become the shortest land channel between China and the Central Asian countries and open the big markets of the South Asian and Middle Eastern countries. If this plan comes to fruition, the intersection of the East-West and North-South railway routes in Central Asia could transform the region into a major transport hub for the entire Eurasian continent. If this happens, the Great Silk Road revival could become a reality. The author is former prime minister of the Kyrgyz Republic and a distinguished professor at the Belt and Road School at Beijing Normal University. The author contributed this article to China Watch, a think tank powered by China Daily.The views don't necessarily reflect those of China Daily. Source: China Daily Global
Interview: Croatian expert speaks highly of China's economic performance
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Interview: Croatian expert speaks highly of China's economic performance
19 Jun 2024
ZAGREB, June 17 (Xinhua) -- The Chinese economy is continuing its steady recovery, Ivan Milic, a Croatian economic analyst, said in an interview with Xinhua on Monday. According to latest government data from China, the country's economy extended an upward recovery trend in May, as shown by faster consumption growth and steady expansion in industrial production. In May, retail sales of consumer goods expanded 3.7 percent year on year to 3.92 trillion yuan (about 551 billion U.S. dollars). From the perspective of foreign trade, China's goods imports and exports increased by 8.6 percent year-on-year in May, 0.6 percentage points faster than the previous month. "The Chinese economy is no doubt recovering. China has shown that it has the economic strength to withstand all pressures and that its economy is healthy and resilient," Milic said, adding that China's 2024 GDP growth target of around 5 percent is "realistic and achievable." Milic noted that the World Bank has recently raised its forecast for China's 2024 economic growth to 4.8 percent, 0.3 percentage points higher from the previous forecast. The International Monetary Fund also revised up China's economic outlook to 5 percent, 0.4 percentage points higher than the previous forecast. This shows that the international community is optimistic and confident about China's economic prospects, Milic said. "I am convinced that China's economic growth will remain stable in the future," he added. After decades of rapid economic development, China has now become the second largest economy in the world, Milic said. The country has become an important engine for world economic growth, and "today its economy is indispensable for the world." Source: Xinhua
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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