Interview: China achieves comprehensive development, fruitful Belt and Road cooperation, says Egyptian expert
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Interview: China achieves comprehensive development, fruitful Belt and Road cooperation, says Egyptian expert
1 Mar 2024
CAIRO, Feb. 28 (Xinhua) -- China has succeeded in achieving "comprehensive development" and fruitful Belt and Road cooperation with many partner countries despite Western smear campaigns, an Egyptian expert on Chinese affairs has said. "Economic and social development in China picked up since the country began implementing its reform and opening-up policy more than 40 years ago, and China has ever since achieved high growth rates," Nasser Abdel-Aal, professor of Chinese language at Cairo-based Ain Shams University, told Xinhua in a recent interview. Abdel-Aal, also director of the university's Confucius Institute, said China has been seeking development partners abroad after achieving development success at home. "The Chinese economic vision seeks to crystallize a just global system, and therefore it was necessary for China to launch global economic initiatives and urge major Chinese economic institutions to invest overseas," Abdel-Aal said. He said the Belt and Road Initiative (BRI) is the core of China's policy of seeking common development via economic cooperation and win-win partnerships with overseas partners. "The fruits of cooperation within the BRI framework have undeniably appeared in many countries," he said. The expert cited Egypt as an example where a huge 20-tower business district is being constructed by a Chinese firm at Egypt's New Administrative Capital in eastern Cairo. "Many Chinese companies have participated in Egypt's development process over the past ten years, in the Suez Canal Economic Zone, the New Administrative Capital, the New El Alamein City and others," Abdel-Aal said. The results of BRI-related cooperation are "positive" despite the smear campaigns by countries led by the United States, he said. Abdel-Aal noted that "there are still several challenges facing the Chinese economy, including the trade war launched by the United States, which seeks to distort China's economic image globally." China and the United States, the world's two largest trading partners, are indispensable to each other, and each of them is aware of the other's role in the global economy, he said. "The world is now one unit, and any failure or economic collapse in any region will affect the entire world," he added. China's economic approach looks at the world from a different perspective. It does not strive to become "a superpower," but seeks global cooperation and joint development, the expert said. "This is why China has launched relevant initiatives such as the BRI, the Global Development Initiative and the Global Security Initiative," he said. The Asian Infrastructure Investment Bank and new economic platforms such as BRICS "open new horizons for development for all countries of the Global South and contribute to boosting the global economy," Abdel-Aal added. The Egyptian professor noted that China's concept of human rights differs from that of the West, as China believes that the core of human rights is to provide a prosperous life for the citizens. "Therefore, China's primary goal is the well-being of the Chinese citizens." He stressed that Chinese citizens are now enjoying the fruits of development and that China's diplomacy is people-oriented and seeks to serve the interests of all Chinese people. "China adopts 'diplomacy for the people,' which means that the Chinese government is at the service of the Chinese citizens inside and outside China," he said. Source: Xinhua
China leads world in calling for global cooperation, says British business leader
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China leads world in calling for global cooperation, says British business leader
1 Mar 2024
LONDON - Since it proposed the Belt and Road Initiative (BRI), China has led the world in calling for global cooperation and opposing factionalism as well as the pursuit of self-interest, a British business leader has said. China has been trying to develop stability in the Ukraine crisis and in the Gaza crisis, said Stephen Perry, president emeritus of the 48 Group Club, during a recent written interview with Xinhua, adding that China is not participating in these conflicts but is trying to create better conditions for peace. "China has been helping the South coordinate its responses collectively. At the moment the United States acts outside the (UN) Security Council but China is trying to get the United States to accept the United Nations as a medium to manage conflicts and crises. It is still early to tell the effect of China's actions but they are pro-peace and stability so they will help," Perry said. The fact that the world's second-biggest economy is trying to remedy the imbalance in the world is a good sign as other new developing nations will be encouraged to support global reform, unity and sharing, he noted. Chinese modernization is the beacon in the dark sky offering a model to find a good way forward, and China's success is a marvellous example of how cooperation brings unity to the world to create a better, more stable and prosperous world, he told Xinhua. Perry also noted that in the last 300 years, Chinese modernization is the first new innovation to bring progress to mankind in all nations. "We need to see the United States and the Group of Seven (G7) cooperating with the South in new ways to stabilize and improve the world economy. In the end, cooperation is the only way," he added. Source: Xinhua
BRI praised for promoting world peace, stability at Eurasian Economic Summit
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BRI praised for promoting world peace, stability at Eurasian Economic Summit
26 Feb 2024
ISTANBUL, Feb. 22 (Xinhua) -- The Belt and Road Initiative (BRI) proposed by China in 2013 was hailed for promoting world peace and stability by strengthening win-win cooperation at the Eurasian Economic Summit on Thursday. A special session entitled "Longing for Peace: Belt and Road Is 11 Years Old" was held on the second day of the summit, summarizing the accomplishments and contributions of the BRI. Speaking at the session, Liu Gang, president of Xinhua Institute, a Chinese think tank, said since the launch of the BRI, documents have been signed for more than 3,000 projects under the initiative, generating investment amounting to 1 trillion U.S. dollars. "This is an important example of how China puts the building of a community with a shared future for mankind into practice," Liu said, adding that the BRI "has constructed a new framework for international cooperation, seeking the widest possible converging interests for the shared development of humanity." Vladimir Norov, former foreign minister of Uzbekistan and former secretary general of the Shanghai Cooperation Organization (SCO), said the BRI has been giving impetus to the development of the world economy by creating a global network of interconnection. Norov said the transcontinental transport line connecting China and Europe played an important role in stabilizing the global supply chain, especially during the COVID-19 pandemic. "Transport interconnection on the basis of the modern world economy allows the exchange of goods, capital and services between countries and further strengthens international economic cooperation," he added. For Nedzad Lokmic, minister for issues of combatants and disabled veterans of the Defensive-Liberation War of Bosnia and Herzegovina, the BRI is "extremely" important for all humanity as it promotes unity. "Living in peace is not only a challenge but also a moral and political responsibility which we share to create a better future for all of us," Lokmic noted. Organized by the Istanbul-based Marmara Group Strategic and Social Research Foundation, the 27th Eurasian Economic Summit kicked off on Wednesday with a focus on solutions to the challenges impacting global growth. Source: Xinhua
Hungarian experts expect deepening friendship with China via BRI
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Hungarian experts expect deepening friendship with China via BRI
26 Feb 2024
BUDAPEST, Feb. 24 (Xinhua) -- Experts from both Hungary and China discussed China's decisive role in global connectivity through the Belt and Road Initiative (BRI) and expected deepening China-Hungary friendship through BRI during a seminar held here on Friday. The seminar on Promoting High-quality Belt and Road Cooperation was organized by the Xinhua Institute, a media-based think tank from China. "The cooperation between our countries is built on solid economic reasoning," said Csaba Moldicz, head of the School of International Relations at the Mathias Corvinus Collegium. He praised Chinese firms like BYD and battery giant Contemporary Amperex Technology Co., Ltd. (CATL) for their role in modernizing Hungary's automotive sector, a critical component of its economy. "Investments from companies like BYD and CATL are exemplary of high-quality cooperation, fitting both the strategies of Chinese firms and Hungary's development strategies as well," he added. CATL has started to build a new factory in the eastern Hungarian city of Debrecen, while BYD plans to build a new factory in the southern Hungarian city of Szeged. Both investments are worth billions of euros. Many experts attending the seminar advocated for deeper bilateral friendship through joint efforts, especially within the BRI framework. "The similarities in political philosophy between Hungary and China have led to stronger bilateral relations, with both nations striving for higher quality cooperation based on mutual understanding and respect," said Levente Horvath, director of the Eurasia Center of John von Neumann University. Gergely Salat, a researcher at the Hungarian Institute for International Affairs, highlighted Hungary's keen participation in the BRI. The Hungarian government has listed connectivity high on its official strategy, while China was the first big country that put connectivity at the center of its foreign policy, Salat said. Ferenc Banhidi, a professor at Pazmany Peter Catholic University, spoke highly of the Chinese digital giants like Huawei and ZTE for their successful integration into Hungary's economy. He also applauded the innovative business models of Chinese e-commerce leaders such as Temu, predicting significant benefits for Hungary's various sectors. Zoltan Kiszelly, director of the Center of Political Analyses at the Szazadveg Institute, said that the BRI represents a collective approach to addressing global challenges, transcending traditional geopolitical rivalries. It's a call for enhanced cooperation in an increasingly multipolar world, prioritizing shared success over individual gains, he said. Speaking about today's global challenges and difficult international situation, Kiszelly said they were not "unavoidable." "Instead, there is another road, well known to most Europeans, it is the road of cooperation or connectivity," he said. Source: Xinhua
Global financial architecture needs reform
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Global financial architecture needs reform
23 Feb 2024
After the end of World War II, an international financial architecture was built with the aim of helping war-ravaged and low-income countries to recover and rebuild the global economies. At the center of this architecture were the World Bank and the International Monetary Fund. The international financial architecture's aim is to ensure the stability and smooth functioning of the global monetary and financial system. The international financial architecture had certain structural deficiencies at the time of its conception, but with the passage of time the architecture has become increasingly plagued by inequities and inefficiency. It is dysfunctional in the sense that it serves the interests of only a small group of Western countries and ignores, even neglects, the real needs of the world, especially of the developing countries. For example, the existing global financial architecture allows the United States and the European Union to weaponize their currencies USD or Euro which have the global currency status, to plunder the wealth of other countries by tidal movements, a fresh case was in 1998 in Asian financial turmoil, to dominate international payment system to punish countries with different opinions, worse, even fund wars in other regions. It also allows the major Western economies to use their values and policies to influence the world order in the name of "promoting democracy" and "defending human rights". The fact that the rest of the world does not enjoy the above privileges makes it very difficult for countries to manage their debt because of the exorbitant interest rates which is up to eight times more than those for developed countries. Also, the developing countries are struggling to address the dramatic challenges and budget deficits due to their limited access to financial resources. About 60 percent of the least-developed countries are in or at the risk of debt distress today compared with 39 percent before the pandemic. Currently, 25 developing economies have external debt payments exceeding 20 percent of their total revenue. For them, this debt cycle will likely continue pushing millions more into poverty, unless the existing international financial architecture undergoes thorough reform. An apt example of the IMF's discriminatory policy was evident in 2021. The IMF allocated more than $650 billion in special drawing rights, but $160 billion went to EU member states and just $34 billion to African countries which are actually in need of financing. In other words, people in the EU received on average nearly 13 times more funds than those in Africa. In addition, Washington, along with its allies, is weaponizing the US dollar to maintain its global economic and geopolitical position. Washington has imposed economic sanctions on nearly 40 countries across the world, including Cuba, China, Russia, North Korea, Iran and Venezuela, affecting nearly half of the world's population and creating severe hardship for ordinary people and seriously disrupting those countries' economies. Moreover, the US Federal Reserve's aggressive tightening policy has made the dollar a much stronger currency. With the dollar continually gaining in strength, currencies around the world have been weakening, pushing up the prices of imported goods, including food, oil gas fuel and medicine, and exporting inflation to other countries. A stronger dollar has increased other countries' borrowing costs and decreased the value of other currencies, putting more pressure on the central banks to raise their respective interest rates, which incidentally will raise the interest rates for home mortgages and other types of loans. Many developing countries with big debts have been particularly hard hit by the strengthening of the dollar, because their external debt stocks and debt service payments are mostly denominated in dollars, making it very difficult for them to borrow from the open market to finance their budget deficits and address their emerging crises. All these facts show that the existing global financial architecture needs to be reformed to meet the needs of the world in the 21st century. The architecture has not been able to break a decade-long stagnation of debt in vulnerable, low-income countries, let alone help them achieve financial alignment in public spending as part of the UN Sustainable Development Goals, and failed in its mission to provide a global safety net for developing countries. As the world continues to change, the global financial architecture too must be changed through all parties' careful consideration, collaboration and cooperation, in order to ensure it remains effective and continues to support global economic stability and growth. The old Western-centric international financial architecture needs urgent reform so as to adapt to the new realities and challenges to create a more inclusive, stable, responsive and accountable financial system to support the development of the world. The author is deputy secretary-general of the Center for One Belt One Road, Chinese Academy of Social Sciences. The views don't necessarily reflect those of China Daily. Source: China Daily
Interview: Multilateralism essential to solving global problems: World Bank senior official
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Interview: Multilateralism essential to solving global problems: World Bank senior official
22 Feb 2024
Axel van Trotsenburg, World Bank's senior managing director pointed out the need to show more international solidarity, reiterating that "multilateralism is more important than ever." MUNICH, Germany, Feb. 20 (Xinhua) -- Multilateralism is more important than ever in confronting a series of global challenges, a World Bank senior official said. "More international solidarity is needed, and we can only jointly solve global problems," Axel van Trotsenburg, World Bank's senior managing director, said in an interview with Xinhua on the sidelines of the 60th Munich Security Conference on Sunday. "We need the active cooperation with international players" and cannot succeed alone, he said. As the global development landscape becomes increasingly challenging, the plight of poorer countries is of particular concern to the World Bank, said van Trotsenburg. The senior official said that the global economy faces challenges due to relatively weaker economic growth compared to previous periods, adding that this particularly impacts the prospects of developing countries, especially the poorest ones, which rely on robust growth for job creation. He pointed out the need to show more international solidarity, reiterating that "multilateralism is more important than ever." He said that the World Bank has been scaling up financial support, particularly to developing countries. When discussing China's contribution to the World Bank, van Trotsenburg said China is an active and significant member and has undergone "a very interesting journey" with the World Bank. He noted that through strong development efforts and the elimination of extreme poverty, China has transitioned from being a recipient of financial support to a donor country that assists the poorest nations. In his view, China's transformation is very positive and sends an important signal to the developing world that progress can be achieved within a generation. 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: China achieves comprehensive development, fruitful Belt and Road cooperation, says Egyptian expert
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Interview: China achieves comprehensive development, fruitful Belt and Road cooperation, says Egyptian expert
1 Mar 2024
CAIRO, Feb. 28 (Xinhua) -- China has succeeded in achieving "comprehensive development" and fruitful Belt and Road cooperation with many partner countries despite Western smear campaigns, an Egyptian expert on Chinese affairs has said. "Economic and social development in China picked up since the country began implementing its reform and opening-up policy more than 40 years ago, and China has ever since achieved high growth rates," Nasser Abdel-Aal, professor of Chinese language at Cairo-based Ain Shams University, told Xinhua in a recent interview. Abdel-Aal, also director of the university's Confucius Institute, said China has been seeking development partners abroad after achieving development success at home. "The Chinese economic vision seeks to crystallize a just global system, and therefore it was necessary for China to launch global economic initiatives and urge major Chinese economic institutions to invest overseas," Abdel-Aal said. He said the Belt and Road Initiative (BRI) is the core of China's policy of seeking common development via economic cooperation and win-win partnerships with overseas partners. "The fruits of cooperation within the BRI framework have undeniably appeared in many countries," he said. The expert cited Egypt as an example where a huge 20-tower business district is being constructed by a Chinese firm at Egypt's New Administrative Capital in eastern Cairo. "Many Chinese companies have participated in Egypt's development process over the past ten years, in the Suez Canal Economic Zone, the New Administrative Capital, the New El Alamein City and others," Abdel-Aal said. The results of BRI-related cooperation are "positive" despite the smear campaigns by countries led by the United States, he said. Abdel-Aal noted that "there are still several challenges facing the Chinese economy, including the trade war launched by the United States, which seeks to distort China's economic image globally." China and the United States, the world's two largest trading partners, are indispensable to each other, and each of them is aware of the other's role in the global economy, he said. "The world is now one unit, and any failure or economic collapse in any region will affect the entire world," he added. China's economic approach looks at the world from a different perspective. It does not strive to become "a superpower," but seeks global cooperation and joint development, the expert said. "This is why China has launched relevant initiatives such as the BRI, the Global Development Initiative and the Global Security Initiative," he said. The Asian Infrastructure Investment Bank and new economic platforms such as BRICS "open new horizons for development for all countries of the Global South and contribute to boosting the global economy," Abdel-Aal added. The Egyptian professor noted that China's concept of human rights differs from that of the West, as China believes that the core of human rights is to provide a prosperous life for the citizens. "Therefore, China's primary goal is the well-being of the Chinese citizens." He stressed that Chinese citizens are now enjoying the fruits of development and that China's diplomacy is people-oriented and seeks to serve the interests of all Chinese people. "China adopts 'diplomacy for the people,' which means that the Chinese government is at the service of the Chinese citizens inside and outside China," he said. Source: Xinhua
China leads world in calling for global cooperation, says British business leader
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China leads world in calling for global cooperation, says British business leader
1 Mar 2024
LONDON - Since it proposed the Belt and Road Initiative (BRI), China has led the world in calling for global cooperation and opposing factionalism as well as the pursuit of self-interest, a British business leader has said. China has been trying to develop stability in the Ukraine crisis and in the Gaza crisis, said Stephen Perry, president emeritus of the 48 Group Club, during a recent written interview with Xinhua, adding that China is not participating in these conflicts but is trying to create better conditions for peace. "China has been helping the South coordinate its responses collectively. At the moment the United States acts outside the (UN) Security Council but China is trying to get the United States to accept the United Nations as a medium to manage conflicts and crises. It is still early to tell the effect of China's actions but they are pro-peace and stability so they will help," Perry said. The fact that the world's second-biggest economy is trying to remedy the imbalance in the world is a good sign as other new developing nations will be encouraged to support global reform, unity and sharing, he noted. Chinese modernization is the beacon in the dark sky offering a model to find a good way forward, and China's success is a marvellous example of how cooperation brings unity to the world to create a better, more stable and prosperous world, he told Xinhua. Perry also noted that in the last 300 years, Chinese modernization is the first new innovation to bring progress to mankind in all nations. "We need to see the United States and the Group of Seven (G7) cooperating with the South in new ways to stabilize and improve the world economy. In the end, cooperation is the only way," he added. Source: Xinhua
BRI praised for promoting world peace, stability at Eurasian Economic Summit
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BRI praised for promoting world peace, stability at Eurasian Economic Summit
26 Feb 2024
ISTANBUL, Feb. 22 (Xinhua) -- The Belt and Road Initiative (BRI) proposed by China in 2013 was hailed for promoting world peace and stability by strengthening win-win cooperation at the Eurasian Economic Summit on Thursday. A special session entitled "Longing for Peace: Belt and Road Is 11 Years Old" was held on the second day of the summit, summarizing the accomplishments and contributions of the BRI. Speaking at the session, Liu Gang, president of Xinhua Institute, a Chinese think tank, said since the launch of the BRI, documents have been signed for more than 3,000 projects under the initiative, generating investment amounting to 1 trillion U.S. dollars. "This is an important example of how China puts the building of a community with a shared future for mankind into practice," Liu said, adding that the BRI "has constructed a new framework for international cooperation, seeking the widest possible converging interests for the shared development of humanity." Vladimir Norov, former foreign minister of Uzbekistan and former secretary general of the Shanghai Cooperation Organization (SCO), said the BRI has been giving impetus to the development of the world economy by creating a global network of interconnection. Norov said the transcontinental transport line connecting China and Europe played an important role in stabilizing the global supply chain, especially during the COVID-19 pandemic. "Transport interconnection on the basis of the modern world economy allows the exchange of goods, capital and services between countries and further strengthens international economic cooperation," he added. For Nedzad Lokmic, minister for issues of combatants and disabled veterans of the Defensive-Liberation War of Bosnia and Herzegovina, the BRI is "extremely" important for all humanity as it promotes unity. "Living in peace is not only a challenge but also a moral and political responsibility which we share to create a better future for all of us," Lokmic noted. Organized by the Istanbul-based Marmara Group Strategic and Social Research Foundation, the 27th Eurasian Economic Summit kicked off on Wednesday with a focus on solutions to the challenges impacting global growth. Source: Xinhua
Hungarian experts expect deepening friendship with China via BRI
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Hungarian experts expect deepening friendship with China via BRI
26 Feb 2024
BUDAPEST, Feb. 24 (Xinhua) -- Experts from both Hungary and China discussed China's decisive role in global connectivity through the Belt and Road Initiative (BRI) and expected deepening China-Hungary friendship through BRI during a seminar held here on Friday. The seminar on Promoting High-quality Belt and Road Cooperation was organized by the Xinhua Institute, a media-based think tank from China. "The cooperation between our countries is built on solid economic reasoning," said Csaba Moldicz, head of the School of International Relations at the Mathias Corvinus Collegium. He praised Chinese firms like BYD and battery giant Contemporary Amperex Technology Co., Ltd. (CATL) for their role in modernizing Hungary's automotive sector, a critical component of its economy. "Investments from companies like BYD and CATL are exemplary of high-quality cooperation, fitting both the strategies of Chinese firms and Hungary's development strategies as well," he added. CATL has started to build a new factory in the eastern Hungarian city of Debrecen, while BYD plans to build a new factory in the southern Hungarian city of Szeged. Both investments are worth billions of euros. Many experts attending the seminar advocated for deeper bilateral friendship through joint efforts, especially within the BRI framework. "The similarities in political philosophy between Hungary and China have led to stronger bilateral relations, with both nations striving for higher quality cooperation based on mutual understanding and respect," said Levente Horvath, director of the Eurasia Center of John von Neumann University. Gergely Salat, a researcher at the Hungarian Institute for International Affairs, highlighted Hungary's keen participation in the BRI. The Hungarian government has listed connectivity high on its official strategy, while China was the first big country that put connectivity at the center of its foreign policy, Salat said. Ferenc Banhidi, a professor at Pazmany Peter Catholic University, spoke highly of the Chinese digital giants like Huawei and ZTE for their successful integration into Hungary's economy. He also applauded the innovative business models of Chinese e-commerce leaders such as Temu, predicting significant benefits for Hungary's various sectors. Zoltan Kiszelly, director of the Center of Political Analyses at the Szazadveg Institute, said that the BRI represents a collective approach to addressing global challenges, transcending traditional geopolitical rivalries. It's a call for enhanced cooperation in an increasingly multipolar world, prioritizing shared success over individual gains, he said. Speaking about today's global challenges and difficult international situation, Kiszelly said they were not "unavoidable." "Instead, there is another road, well known to most Europeans, it is the road of cooperation or connectivity," he said. Source: Xinhua
Global financial architecture needs reform
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Global financial architecture needs reform
23 Feb 2024
After the end of World War II, an international financial architecture was built with the aim of helping war-ravaged and low-income countries to recover and rebuild the global economies. At the center of this architecture were the World Bank and the International Monetary Fund. The international financial architecture's aim is to ensure the stability and smooth functioning of the global monetary and financial system. The international financial architecture had certain structural deficiencies at the time of its conception, but with the passage of time the architecture has become increasingly plagued by inequities and inefficiency. It is dysfunctional in the sense that it serves the interests of only a small group of Western countries and ignores, even neglects, the real needs of the world, especially of the developing countries. For example, the existing global financial architecture allows the United States and the European Union to weaponize their currencies USD or Euro which have the global currency status, to plunder the wealth of other countries by tidal movements, a fresh case was in 1998 in Asian financial turmoil, to dominate international payment system to punish countries with different opinions, worse, even fund wars in other regions. It also allows the major Western economies to use their values and policies to influence the world order in the name of "promoting democracy" and "defending human rights". The fact that the rest of the world does not enjoy the above privileges makes it very difficult for countries to manage their debt because of the exorbitant interest rates which is up to eight times more than those for developed countries. Also, the developing countries are struggling to address the dramatic challenges and budget deficits due to their limited access to financial resources. About 60 percent of the least-developed countries are in or at the risk of debt distress today compared with 39 percent before the pandemic. Currently, 25 developing economies have external debt payments exceeding 20 percent of their total revenue. For them, this debt cycle will likely continue pushing millions more into poverty, unless the existing international financial architecture undergoes thorough reform. An apt example of the IMF's discriminatory policy was evident in 2021. The IMF allocated more than $650 billion in special drawing rights, but $160 billion went to EU member states and just $34 billion to African countries which are actually in need of financing. In other words, people in the EU received on average nearly 13 times more funds than those in Africa. In addition, Washington, along with its allies, is weaponizing the US dollar to maintain its global economic and geopolitical position. Washington has imposed economic sanctions on nearly 40 countries across the world, including Cuba, China, Russia, North Korea, Iran and Venezuela, affecting nearly half of the world's population and creating severe hardship for ordinary people and seriously disrupting those countries' economies. Moreover, the US Federal Reserve's aggressive tightening policy has made the dollar a much stronger currency. With the dollar continually gaining in strength, currencies around the world have been weakening, pushing up the prices of imported goods, including food, oil gas fuel and medicine, and exporting inflation to other countries. A stronger dollar has increased other countries' borrowing costs and decreased the value of other currencies, putting more pressure on the central banks to raise their respective interest rates, which incidentally will raise the interest rates for home mortgages and other types of loans. Many developing countries with big debts have been particularly hard hit by the strengthening of the dollar, because their external debt stocks and debt service payments are mostly denominated in dollars, making it very difficult for them to borrow from the open market to finance their budget deficits and address their emerging crises. All these facts show that the existing global financial architecture needs to be reformed to meet the needs of the world in the 21st century. The architecture has not been able to break a decade-long stagnation of debt in vulnerable, low-income countries, let alone help them achieve financial alignment in public spending as part of the UN Sustainable Development Goals, and failed in its mission to provide a global safety net for developing countries. As the world continues to change, the global financial architecture too must be changed through all parties' careful consideration, collaboration and cooperation, in order to ensure it remains effective and continues to support global economic stability and growth. The old Western-centric international financial architecture needs urgent reform so as to adapt to the new realities and challenges to create a more inclusive, stable, responsive and accountable financial system to support the development of the world. The author is deputy secretary-general of the Center for One Belt One Road, Chinese Academy of Social Sciences. The views don't necessarily reflect those of China Daily. Source: China Daily
Interview: Multilateralism essential to solving global problems: World Bank senior official
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Interview: Multilateralism essential to solving global problems: World Bank senior official
22 Feb 2024
Axel van Trotsenburg, World Bank's senior managing director pointed out the need to show more international solidarity, reiterating that "multilateralism is more important than ever." MUNICH, Germany, Feb. 20 (Xinhua) -- Multilateralism is more important than ever in confronting a series of global challenges, a World Bank senior official said. "More international solidarity is needed, and we can only jointly solve global problems," Axel van Trotsenburg, World Bank's senior managing director, said in an interview with Xinhua on the sidelines of the 60th Munich Security Conference on Sunday. "We need the active cooperation with international players" and cannot succeed alone, he said. As the global development landscape becomes increasingly challenging, the plight of poorer countries is of particular concern to the World Bank, said van Trotsenburg. The senior official said that the global economy faces challenges due to relatively weaker economic growth compared to previous periods, adding that this particularly impacts the prospects of developing countries, especially the poorest ones, which rely on robust growth for job creation. He pointed out the need to show more international solidarity, reiterating that "multilateralism is more important than ever." He said that the World Bank has been scaling up financial support, particularly to developing countries. When discussing China's contribution to the World Bank, van Trotsenburg said China is an active and significant member and has undergone "a very interesting journey" with the World Bank. He noted that through strong development efforts and the elimination of extreme poverty, China has transitioned from being a recipient of financial support to a donor country that assists the poorest nations. In his view, China's transformation is very positive and sends an important signal to the developing world that progress can be achieved within a generation. Source: Xinhua
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!
Business people would come to Xinjiang to do business if they were smart enough: Adnan Akfırat
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Business people would come to Xinjiang to do business if they were smart enough: Adnan Akfırat
7 Apr 2023
I have been in Urumqi, the capital of the Xinjiang Uyghur Autonomous Region, for a week. It snowed two days long, but now spring is in full bloom. It is invigorating with a blue sky that is rarely seen in Shanghai and fresh clean air. During the holy month of Ramadan, we are in a society that fulfills the obligations of Islam. There is peace and respect for faith. I will follow the proverb attributed to the great traveler, scholar, and linguist Evliya Çelebi (1): “Keep what you eat and drink and tell what you see”. The biggest economicdevelopment in progress According to the 2023 Program of the Government of the Xinjiang Uyghur Autonomous Region, the Region will achieve the fastest economic development in its history in the next five years. The government program, presented by Autonomous Region Chairman Erkin Tuniyaz at the opening session of the 14th People's Assembly of the Xinjiang Uyghur Autonomous Region on January 16, 2023, makes this claim. Erkin Tuniyaz stated that the plan is to exceed China’s national average in all economic indicators over the next five years and announced a GDP growth target of 7 percent for 2023. The link to grasp: opening up! In politics, there is a concept called the “ring to grasp”. It is used to refer to the step that, how you tackle and solve a set of problems that come your way, this paves the way for the solution of other problems. In the Uyghur Autonomous Region's “economic boom”, opening up to the outside world has been identified as the “Ring to Grasp”. Xinjiang CPC Secretary Ma Xingrui's experience as the governor of Shenzhen city and Guangdong province played a major role in this change. Prof. Ma Xingrui, one of China’s renowned rocket scientists, was elected to the Political Bureau of the Central Committee at the 20th Congress of the CPC. He is currently ranked 8th in the CPC hierarchy. Ma Xingrui, who became the Party secretary of the Uyghur Autonomous Region in December 2021 with the great support of the Xi Jinping administration, brought a breath of fresh air to Xinjiang, which we covered in our article titled “More Socialism, Happier Uyghurs” dated June 10, 2022, at Aydinlik Daily in Turkish. Ma Xingrui is prioritizing a high level of opening up to make Xinjiang a core region of the “Silk Road Economic Belt”, one of the two main pillars of the Belt and Road Initiative. Neighboring 8 countries, the region is making an intensive effort to mobilize the opportunities of its geographical location. Erkin Tuniyaz announced the full resumption of all services at the Uyghur Autonomous Region's 13 land ports at the beginning of the year. In an interview with CGTN, Kaiser Abdulkerim, Vice President of the Autonomous Region, explains how they will achieve 7 percent growth: “We will vigorously promote the economic vitality of various market actors; we will create an efficient and good business environment for state-owned enterprises to be bold, private enterprises to be daring, and foreign enterprises to be eager to invest. In the future, we will promote the modernization of agriculture, and support the stable production and quality improvement of the cotton industry. We are very excited to welcome visitors from all over the world. This is a multi-religious, multi-ethnic, multi-cultural society and a place where different civilizations live together. In the coming days, we will utilize these advantages to launch the ‘Xinjiang Tourism Development’ initiative.” Ma Xingrui's first trip abroad On Monday, March 27, Ma Xingrui led a large Sichuan government delegation on an official visit to Kazakhstan and Uzbekistan, and Kyrgyzstan. Ma Xingrui is said to have assumed central responsibility for China's opening to the West. CPC secretaries of provinces and autonomous regions rarely travel abroad. Ma Xingrui was received at the highest level in Kazakhstan, Uzbekistan, and Kyrgyzstan. In Astana, he met with President Kassym Jomart Tokayev and Prime Minister Alikhan Smailov, and in Tashkent with Uzbek President Shavkat Mirziyoyev and in Bishkek with KyrgyzPresident Sadyr Japarov. President Tokayev said Kazakhstan wants to deepen cooperation with China on the basis of strategic partnership and eternal friendship. “We are ready to work with our Chinese colleagues to increase trade volume to $35 billion by 2030,” Prime Minister Smailov said. Smailov and Ma also discussed measures to eliminate bottlenecks at the border. Green corridors have already been opened at two of the five checkpoints. Ismailov also raised the issue of speeding up visa processing for Kazakh trucks entering China. Ma Xingrui said, “As a region of China, we are responsible for the country’s ties with the West. We see Kazakhstan as a top priority area of cooperation. In general, China’s cooperation with Kazakhstan is carried out through Xinjiang.” On November 29, during his visit to Uzbekistan, it was announced that they discussed the implementation of joint projects in the field of renewable energy, the development of transport infrastructure, the creation of industrial parks and agricultural clusters in Uzbekistan with the participation of leading Chinese companies. Mutual interest in accelerating the Uzbekistan-Kyrgyzstan-China railway construction project was emphasized. President Mirziyoyev's office said in a statement: “It is with deep satisfaction that we note the fruitful results of the historic summit held in Samarkand in September last year, which marked the beginning of a new era in Uzbek-Chinese comprehensive strategic partnership relations.” It said. Ma Xingrui said the purpose of his visit was “to build a bridge of friendship and cooperation between the north and south of the Tienshan and to enable Xinjiang to contribute to writing a new page of friendship between China and Uzbekistan.” KyrgyzPresident Sadyr Japarov, touching upon China-Kyrgyzstan-Uzbekistan railway construction projectnoted that itwould contribute tothe deepening oftrade and economic cooperation between Kyrgyzstan and XUAR, and would also have amultiplicative effect onthe development ofother sectors ofthe economy. Inparticular, the parties signed memorandums ofintent toexport electricity toChina and build a500-kilovolt power transmission line Kyrgyzstan-China and small hydropower plants in Bishkek. Xinjiang really opens to the west with Türkiye The biggest longing of Uyghurs living in the region is access to Turkish goods. The demand for closer economic cooperation with Türkiye has also been the aspiration of the Autonomous Region's administration, which has made “opening up Xinjiang to the west” a top priority. During our meeting in Urumqi on July 5 last year, Ma Xingrui expressed this desire very strongly and invited us to play a role in developing relations with Türkiye. Indeed, on Tuesday, March 28, we met with a large government delegation led by Xing Tao, the head of the Trade Administration of the Xinjiang Uyghur Autonomous Region. Xinjiang officials responded positively to all of our requests, reflecting the will of Ma Xingrui. As TUCEM Turkish-Chinese Business Matching Center, we will organize a special fair and fashion show with the participation of 50 Turkish and European clothing brands in the Khorgos International Free Zone, which is located on the China-Kazakhstan border and has the title of “the world’s largest land port” on July 5-9. The Khorgos International Chamber of Commerce hosts this event. The President of the Chamber of Commerce, Ma Fuming, is a Hui Muslim. We negotiated and signed the agreement for the Special Fair and Fashion Show during two iftar meals in our honor. Again, we undertook the Turkish representation of the “Eurasia Commodity and Trade Fair” and “The Tienshan International Shopping Festival” to be held on August 17-21. We will organize the Turkish fashion show in Urumqi as well, and we will create a wind of modern clothing and lifestyle. In addition, we will serve Türkiye’s leading food, cosmetics, and daily use items to reach 1 billion 400 million Chinese consumers through the Xinjiang market. The Deputy Secretary of the China-Eurasia Expo is an Uyghur: Ms. Mihrigul Tursun. We also have good news: We have started working to transform a 60 thousand square meter shopping center in Urumqi into an “imported products duty-free sales center”. Xinjiang government invites Turkish merchants and investors There have been no terrorist incidents in the region for the last 6 years. Relations between ethnic groups in the region are being repaired. Uyghur villagers are being taught Chinese, while Han-based administrators are learning Uyghur. Uighurs have been liberated and relieved from the oppression and terror of religious bigotry in previous years. The impact of Ma Xingru's top priority, “establishing a rule by law”, is felt by ordinary people. An extraordinary effort is being made to “make sure that what happens in Shanghai, what happens in Beijing, happens in Xinjiang”. Xing Tao, head of the Xinjiang Commerce Administration, said, “We invite Turkish merchants and investors to the Uyghur Autonomous Region. We will give them incentives as long as they develop the economy,” he emphasized. Turkish business people are smart and entrepreneurial. They will not leave this strong call from the heart of Asia unanswered. Those who want to earn money will do business in the Uyghur Region. Adnan Akfirat is a Representative to China and Member of International Relations Bureau of Patriotic Party of Turkey; Chairman of Turkish-Chinese Business Development and Friendship Association (Turk-Cin Is Der); visitor researcher of Shanghai University Turkish Studies Center and Shihezi University Silk Road Research Center. Mr. Akfirat has been living in Shanghai since 2011. Source:unitedworldint.com
Trade Fair "Sughd-2023" in Khujand, Sughd province to be held on 22-24 June 2023
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Trade Fair "Sughd-2023" in Khujand, Sughd province to be held on 22-24 June 2023
3 Apr 2023
The Chamber of Commerce and Industry of Sughd province and the Executive Office of Sughd Provinces of the Republic of Tajikistan in cooperation with development partners are conducting the traditional IX-International Trade Fair "Sughd-2023" in Khujand, Sughd province on 22-24 June 2023. The key objective of the Trade Fair is to strengthen long-term trade and partnership links between the business community of Tajikistan with trade companies, potential consumers, investors and businesses from abroad through establishing a platform aimed at demonstrating the potential and possibilities of Sughd province along with the best practices of other countries. Based on the results of the Ⅷ-International Trade Fair "Sughd-2022", which was held in June 2022, it can be noted that this event has already become recognizable among the business circles of the republic and abroad. The exhibition presented products of more than 200 companies from different regions of the Republic of Tajikistan and was attended by entrepreneurs from near and far abroad interested in expanding trade relations. As a result of the Sughd-2022 exhibition held in Khujand, more than 60 contracts, memorandums and agreements were signed. The upcoming IX-International Trade Fair "Sughd-2023" provides new opportunities for expanding and implementing your business through the exchange of professional experience and the presentation of modern and investment projects. In general, the Sughd-2023 International Trade Fair promises to become a place where, in a businesslike and comfortable atmosphere, it will be possible to discuss the terms of cooperation, conclude profitable contracts and meet with potential partners and suppliers. Given the above, it is a great honor for us to invite you and the business community of your region to take part in the IX - International Trade Fair "Sughd-2023". Contact:Ganjina Bakhtiyorovna Tel: (+992) 92754 2421 E-mail: info@tpp-sugd.tj; tpp-tj@bk.ru
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