Over 500 companies sign up for 6th CIIE
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Over 500 companies sign up for 6th CIIE
7 Feb 2023
SHANGHAI, Feb. 3 (Xinhua) -- More than 500 companies have signed up for the sixth China International Import Expo (CIIE) slated to be held offline in Shanghai from Nov. 5 to 10 this year, the CIIE Bureau said Friday. The combined exhibition area of these companies exceeds 200,000 square meters, it said. The sixth CIIE will build an effective platform for deepening pragmatic cooperation among exhibitors and merchants, said Sun Chenghai, deputy director of the CIIE Bureau. The expo will strengthen road shows at home and abroad, design colorful and attractive activities, and create more face-to-face interaction opportunities for exhibitors and merchants, according to Liu Fuxue, also deputy director of the CIIE Bureau. Source: Xinhua
UN predicts China to drive East Asia's economic recovery this year
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UN predicts China to drive East Asia's economic recovery this year
6 Feb 2023
BANGKOK, Feb. 3 (Xinhua) -- The economic growth in East Asia is projected to accelerate in 2023 driven by an improvement in the Chinese economy, the UN Economic and Social Commission for Asia and the Pacific (ESCAP) said here on Thursday. Quoting the UN World Economic Situation and Prospects (WESP) 2023 report, the Bangkok-headquartered ESCAP told an online press briefing that economic growth in East Asia is forecast to rise to 4.4 percent in 2023 from an estimated 3.2 percent in 2022. The report said the Chinese economy is expected to accelerate as the government recently optimized its prevention measures and eased monetary and fiscal policies, adding that its economy is expected to grow by 4.8 percent in 2023, compared to the growth of 3.0 percent in 2022. However, it highlighted that despite being supported by the Chinese economy, the economic recovery in the region remains fragile. Many economies (other than China) are losing steam amid fading pent-up demand, rising living costs, and weakening export demand from the United States and Europe. East and South Asia's near-term economic prospects face a deteriorating global environment, which has been overshadowed by sharp inflation, food and energy crisis, and debt deflation, the report noted. "Climate risks are expected to continue affecting many countries in the region, exacerbating food insecurity and adding further pressure on inflation," it warned. An extended period of economic weakness would hamper poverty eradication and constrain countries' ability to invest in the Sustainable Development Goals more broadly, the report said, calling for collective efforts to address these challenges. Source: Xinhua
Chinese economy to grow further in 2023 thanks to CPC's policies -- Turkish experts
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Chinese economy to grow further in 2023 thanks to CPC's policies -- Turkish experts
6 Feb 2023
ISTANBUL, Feb. 4 (Xinhua) -- The Chinese economy is expected to grow further in 2023 thanks to policies of the Communist Party of China (CPC), Turkish experts have said. Selcuk Colakoglu, director of the Ankara-based Turkish Center for Asia-Pacific Studies, told Xinhua in a recent interview that China's economy has entered a period of solid recovery, especially after the optimization of COVID-19 control measures at the beginning of this year. Colakoglu said that so many Chinese people traveled within China and abroad during the Spring Festival that it caused a boom in almost all sectors, most notably in transportation and tourism. This will grow even further after the holiday season when both Chinese and international business people are expected to travel for business purposes, he said. "All these activities will bring more positive circulations in the business world, and there will be more positive developments for Chinese sectors." Colakoglu praised the Chinese government's determination to increase factory productivity and to make China's industry and supply chains more resilient and safe with qualified Chinese human resources within the framework of its high-quality growth. "Chinese human resources are on the rise and China has a more qualified labor force," he said. "So all these plans for achieving high-quality development are underway." Echoing Colakoglu, Baris Doster, an academic at the Istanbul-based Marmara University, said that China will continue to be the engine of the world economy through the CPC's correct targets and policies. "Stable, healthy, and sustainable growth and a development in harmony with the environment and nature stand out among the goals of the CPC," Doster told Xinhua in an interview. China's economic achievements in 2022 proved that the government's policies have been bearing fruits despite the pandemic, he said. "In other words, it (all these positive signs about China's economy) shows that the goals of the CPC are met." Despite pandemic-induced setbacks, China's economy still grew 3 percent year on year to a record high of 121 trillion yuan (about 18 trillion U.S. dollars) in 2022, with the increment standing at 6.1 trillion yuan, equivalent to the economic aggregate of a medium-sized country. Source: Xinhua
IMF projects China's economic growth to reach 5.2 pct in 2023
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IMF projects China's economic growth to reach 5.2 pct in 2023
1 Feb 2023
WASHINGTON, Jan. 30 (Xinhua) -- The International Monetary Fund (IMF) on Monday projected China's economy will grow by 5.2 percent in 2023, 0.8 percentage point higher than October 2022 forecast. "Growth in China is projected to rise to 5.2 percent in 2023, reflecting rapidly improving mobility," the IMF said in the newly released update to its World Economic Outlook report. Global growth is projected to fall from an estimated 3.4 percent in 2022 to 2.9 percent in 2023, then rise to 3.1 percent in 2024, the IMF said, noting that the historical average growth rate between 2000 and 2019 is 3.8 percent. The IMF said the rise in central bank rates to fight inflation and Russia-Ukraine conflict continue to weigh on economic activity. Global inflation is expected to fall from 8.8 percent in 2022 to 6.6 percent in 2023 and 4.3 percent in 2024, still above pre-pandemic (2017-2019) levels of about 3.5 percent, according to the update. The IMF said the rapid spread of COVID-19 in China dampened growth in 2022, but the recent reopening has paved the way for a faster-than-expected recovery. "Growth is expected to pick up in China with the full reopening in 2023," it said. The update also said the balance of risks remains tilted to the downside, but adverse risks to global growth have moderated since the October 2022 report. In most economies, amid the cost-of-living crisis, the priority remains "achieving sustained disinflation," the IMF said, noting that with tighter monetary conditions and lower growth potentially affecting financial and debt stability, it is necessary to deploy macro-prudential tools and strengthen debt restructuring frameworks. Source: Xinhua
Economic Watch: Chinese economy gets off to a good start in 2023
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Economic Watch: Chinese economy gets off to a good start in 2023
31 Jan 2023
BEIJING, Jan. 30 (Xinhua) -- With long queues outside restaurants, crowded subway cars, and active machines in factories and on building sites, the Chinese economy is shaking off its COVID shadow and has gotten off to a good start in 2023. ROBUST CONSUMPTION During the weeklong Spring Festival holiday, which ended last Friday, cinemas, restaurants, and tourist attractions were swamped with people eager to meet their pent-up consumption desires. Cinemas nationwide sold 129 million tickets, generating 6.76 billion yuan (nearly 1 billion U.S. dollars) in revenue in the period, up 11.89 percent year on year. Some 308 million domestic trips were made, with tourism revenues hitting a total of 375.8 billion yuan, up 30 percent. Better-than-expected holiday spending improved confidence in a services consumption recovery, CITIC Securities said in a report, noting that the catering sector is about to see a stable and sustainable rebound and that tourism will strengthen gradually during peak seasons. Expanding consumption has become a policy priority. A State Council meeting on Saturday stressed the need for timely measures to promote an early recovery of consumption as the main economic driving force. Local governments have since January been rolling out favorable policies to improve consumer sentiment. Shanghai, a mega city in east China, on Sunday unveiled an action plan including purchase tax exemptions for new-energy vehicles and vouchers for sectors such as cultural tourism and catering. Hainan, an island province in south China, has actively promoted duty-free shopping, reporting 5.19 billion yuan in sales from Jan. 1 to 28. A consumption rebound is a key theme for 2023, UBS economist Wang Tao said, predicting that full-year nominal retail sales will grow 9 percent year on year. FACTORIES IN FULL SWING Post-holiday production is also picking up across the country, with factories in full swing. On Saturday, the first business day after the Spring Festival holiday, construction on 136 key projects broke ground in Xi'an, capital of northwest China's Shaanxi Province. These projects, covering everything from advanced manufacturing to modern services, are expected to have an annual output of over 150 billion yuan and create more than 110,000 jobs. In the southwestern municipality of Chongqing, more than 60 rotary drilling rigs were in simultaneous operation at a construction site for Changan Auto's new factory in January. "With an investment of 6.3 billion yuan, the project will have an annual capacity of 280,000 new energy vehicles," according to project director Wu Kezhi. Chongqing is planning to launch 1,123 major projects this year, with total investment up 18.5 percent from a year earlier. The same vigor can be seen nationwide, as local authorities are making solid efforts to resume production, bringing fresh and sustainable momentum to the economy. Major economic powerhouses -- Guangdong, Zhejiang, Shandong and Sichuan provinces -- have set their 2023 growth targets at above 5 percent. New measures for this year have been unveiled in local government work reports, and they are expected to boost the high-quality growth of China's economy. BRIGHTENED OUTLOOK The reemerging hustle and bustle across the country has painted an encouraging picture of China's economy after a difficult 2022. Saturday's State Council meeting urged efforts to promote a steady economic rebound for the beginning of the year. The meeting underscored the need to facilitate a speedy resumption of business and production after the holiday. Timely measures will be taken to promote an early recovery, advance opening-up in a steadfast manner, and stabilize and upgrade foreign trade and investment. Global investors and institutions have remained confident in the Chinese economy, and multiple investment banks have upwardly revised their forecasts for China's growth rate in 2023. Liu Linan, head of China macro strategy at Deutsche Bank, has predicted that the Chinese economy will expand about 6 percent this year and that growth will become even more steady in 2024 as China emerges from the impacts of the three-year epidemic. After returning to normalcy, and when financial risks tame and pro-growth reforms take effect, China's resilience will also strengthen in the medium-to-long term, Liu said, expressing optimism about the prospects of Chinese assets. The country's economy has passed its most difficult moment and is expected to achieve an overall recovery and improve this year, with more market vitality unleashed and an accelerated rebound in activity, analysts have said. Source: Xinhua
Interview: China can play vital role in stimulating global growth in 2023, says UN economist
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Interview: China can play vital role in stimulating global growth in 2023, says UN economist
30 Jan 2023
UNITED NATIONS, Jan. 28 (Xinhua) -- China can play a significant role in stimulating the global growth in 2023, Hamid Rashid, a leading United Nations economist told Xinhua in an interview after the flagship report, World Economic Situation and Prospects (WESP) 2023, was released on Wednesday. 2022 was a rough year, but in 2023, China "can play a very important role in stimulating the global growth," said Rashid, chief of the Global Economic Monitoring Branch, Economic Analysis and Policy Division, UN Department of Economic and Social Affairs, while commenting on China's economic prospects. "I think all the ingredients for recovery are there. We are very optimistic about the recovery in China," said Rashid, the lead author of the flagship report. He expressed confidence that China's economy will experience a "robust recovery" in 2023 as its policies are aligned correctly, meaning that the fiscal policy and monetary policies are "in the right direction." There has been no tightening of monetary policy (in China), which is quite reassuring because that would have probably suppress economic growth, he said. Rashid said China's economy has a favorable condition to grow as its inflation rate has been low, despite high inflation elsewhere. Compared with other countries, China still has "a very low inflation rate," which is an exceptional advantage. The global financial crisis in 2008 transformed China into the engine of the global economy, Rashid recalled. Restoring China's role as an engine is good news for many other developing countries, he added. WESP 2023 paints a gloomy picture of the global economy and warns that multiple and intersecting crises are likely to add further damage to the global economy, with growth set to slow from 3 percent in 2022 to 1.9 percent this year. Rashid emphasized the need to invest in productive capacity, promote human capital, and combat climate change, adding that by making these investments, the world will "come out of this difficult time" as they will have "high multiplier effects," leading to higher growth and reducing inflation. "China has done it very well over the years," as the government "can actually steer the recovery," he said. Considering the importance of China's economy to the rest of the world, the economist noted that the country consumes both commodities and tourism goods. Taking tourism goods for example, Rashid said that they are "a major source of revenue" for many countries including Malaysia, Thailand, and Indonesia. "Europe now depends on Chinese tourism. And China plays a very important role in global tourism," he said, adding that the growth of outbound tourism will benefit many countries that are dependent on the industry. China has "very strong trade ties" with other manufacturing economies in the region, including Japan and South Korea, he said. Among others, South Korea and Japan benefit from China's recovery when it recovers well, he pointed out. The Chinese economy will be on a trajectory of "not only recovery, but sustained recovery" if the COVID-19 pandemic can be controlled, Rashid said. He also stated that "we are facing difficult economic times where international cooperation can play very important role in restoring global confidence." Source: Xinhua
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.
Two Sessions Through an Foreign Eye: Jean-Guy Carrier: Sino-US competition will always exist, but cooperation is absolutely necessary
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Two Sessions Through an Foreign Eye: Jean-Guy Carrier: Sino-US competition will always exist, but cooperation is absolutely necessary
10 Mar 2022
The national "Two Sessions" for 2022 are ongoing in Beijing. The Shenzhen TV created a special program Two Sessions Through an Foreign Eye, inviting internationally influential figures to comment on China's “Two Sessions” from their perspectives. Recently, Mr. Jean-Guy Carrier, Executive Chairman of the Silk Road Chamber of International Commerce and former Secretary General of International Chamber of Commerce, was in for an interview with Zhu Endi, reporter of Shenzhen TV based in Beijing. The transcript of the interview is as follows, Zhu: Our Foreign Minister Wang Yi is holding the annual press conference right now. He mentioned before that it is cooperation that represents the mainstream of the China-US relations. To define the relationship as competition is oversimplification. So how do you think of this? Carrier: I think it's very true because I fervently believe that the world needs more Chinese culture. By that I mean the Chinese way of looking at daily life, and how you deal with living and with developing your economy and so forth, based more on cooperation than on trying to undermine each other or trying to throw tariffs and sanctions at each other. I think all of us in the world will benefit from more of that sort of attitude, being influential in the world. So in that sense, the notion of competition is always going to be there, but I think cooperation is absolutely necessary. Voiceover: Carrier is currently in Switzerland. He observed that when the people of the European continent are worried about a war, China is discussing practical problems faced by the mankind, such as economic development and coping with climate change. Such a sharp contrast made him think. When I follow what Premier Li Keqiang has said and what the People's Congress is discussing, it's such as striking contrast. Because they are talking about vital things for the entire planet like climate change, reducing inequality, the Belt and Road Initiative, and fair development and so forth. And the rest of us are obsessed with a regional war. It is such a striking contrast between that discussion and what is happening here in Europe. Again, it just emphasizes for me the importance of China in the world, and to hear what is being said and what people are thinking in China. Zhu: China has outlined its plan to stabilize domestic economy in this crucial year. So what does it mean to China and to the global economy? Carrier: I think China is becoming an engine for the economy. So we can see that with Covid-19 and all the other kinds of pressures that have been exerted around the world on trade, on investment, on flows within countries etc,. It is perfectly normal for government of China to say we have to pay more attention to our domestic market in this crisis situation. And you know frankly, for the rest of the world, this is also very important. Voiceover: Carrier analyzed that it is realistic and practical for China to set its economic growth target at around 5.5 percent this year given the COVID-19 pandemic and uncertainties of global trade and investment. I think there are very obvious reasons. First of all, every economy has suffered because of the Covid-pandemic. China is not immune from that. Also there have been so many disruptions in terms of global trade and investment. Again, everyone suffers from that. So what I find encouraging in the government’s target is I think it is realistic, (which) means to set too high a target at this point would be to try fooling everyone, (making them) thinking the world is in better shape than it is at this moment. Zhu: I noticed that you said the target is realistic and practical. In order to achieve this target, what does China need to do? Carrier: What we are all hoping for is that China will reengage with international community. (It will) in fact promote more trade and investment in the world. We see good signs of this. Chinese company is building the biggest automobile electric battery production facility in Germany. So there are encouraging signs of that sort that Chinese companies are continuing to engage in the world, to invest in the world and to work with business people around the world. And I think that is the key to Chinese development.
Beijing 2022 Olympics and Paralympics: Win-win for participants and all: Jean-Guy Carrier
Beijing 2022 Olympics and Paralympics: Win-win for participants and all: Jean-Guy Carrier
15 Feb 2022
By Jean-Guy Carrier The achievements of athletes such as Gu Ailing and her counterparts from around the world at Beijing 2022 are a testament to the enduring spirit of the Olympic Games, and their ability to inspire us all. When viewed through the prism of Chinese history, the Olympic and Paralympic Games of 2022 are the culmination of an extraordinary evolution: starting from a peaceful sporting competition in 776 B.C. between bellicose Greek city states in the neutral venue of Olympia to an event that unites thousands of athletes from around the world in China's capital Beijing for a celebration of the human spirit. Ancient literary sources recorded that Koroibos – a cook, baker and athlete – won the stadion race, a foot race 600 feet long that was the only event for the first 13 Olympic Games. From the very start there were measures to keep the Games non-political. The competing states were often in conflict at this time but they agreed and respected an "Olympic truce" to enable athletes from all city states to travel safely to Olympia for the Games. The first edition of the modern Olympic Games was staged in Athens, Greece, in 1896, while the first winter edition was held in Chamonix, France, in 1924. The founders of the modern Games proclaimed them to be truly international and non-political. Throughout their history the Games have had to surmount their use for political purposes. They have also successfully pursued inclusion of all nations, genders and a growing number of sporting disciplines. The 2022 Olympic and Paralympic Games are once again being hosted by China. Athletes are gathering under the constraints of a global pandemic, with the men and women we see competing having surmounted enormous personal challenges and obstacles to be in Beijing. People around the world join these athletes each day to affirm the peaceful legacy of the Olympic spirit. China and its people deserve respect and recognition for having assumed this international legacy at a difficult moment for international cooperation. All the athletes participating in the 2022 Winter Games are Olympic champions. The modest baker-athlete who won the first Olympic race in 776 B.C. set a standard for his time and for all times. The path from that time to our own and to the achievements of 21st century athletes such as Gu Ailing and her counterparts from around the world is a testament to the enduring spirit of the Olympic Games, and their ability to inspire us all. The founder of the modern Games, Pierre de Coubertin, once proclaimed: "The important thing in the Olympic Games is not to win, but to take part; the important thing in Life is not triumph, but the struggle; the essential thing is not to have conquered but to have fought well. To spread these principles is to build up a strong and more valiant and, above all, more scrupulous and more generous humanity." From the long view of history, the 2022 Winter Olympics and Paralympics are a win-win both for those taking part and for all the rest of us. Jean-Guy Carrier is non-resident senior fellow of Chongyang Institute for Financial Studies, Renmin University of China, and executive chairman of Silk Road Chamber of International Commerce. Source: china.org.cn
SRCIC Chairman Lu Jianzhong and Other Chamber Leaders Attended The 2nd Dialogue on Exchanges and Mutual Learning among Civilizations
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SRCIC Chairman Lu Jianzhong and Other Chamber Leaders Attended The 2nd Dialogue on Exchanges and Mutual Learning among Civilizations
12 Jan 2022
On January 10, the second Dialogue on Exchanges and Mutual Learning among Civilizations, instructed by the International Department of CPC Central Committee and hosted by the Chinese Association for International Understanding (CAFIU), was held in Beijing online and in person. Chinese Vice President Wang Qishan video addressed the forum. Ji Bingxuan, vice chairman of the National People's Congress Standing Committee and president of CAFIU, delivered a keynote speech. Song Tao, head of the International Department of CPC Central Committee, presided over the opening ceremony. Wang said that promoting exchanges and mutual learning among civilizations is a major task to achieve world peace and development, as well as a better life for the people. “We need to deepen the understanding of our own and other civilizations, find the key to inter-civilization exchanges from the perspective of all mankind, gain confidence from history, culture and philosophy, and build consensus on building a community with a shared future for humanity,” he said. Vice President Wang Qishan delivering a video speech Wang noted that China will continue to strengthen solidarity and coordination with other countries to pool forces for the advancement of civilization and jointly create a better future. "We are willing to share the opportunity of development with the world, accelerate the implementation of the Global Development Initiative and deepen the Belt and Road cooperation," he said. Cambodia's Standing Deputy Prime Minister and Cabinet Minister, BinChhin, pointed out that there is no good or bad civilization. Strengthening exchanges and mutual learning among civilizations will help enhance mutual understanding and respect, which will lay a solid foundation for lasting world peace, social progress and prosperity. Former Egyptian Prime Minister, Essam Sharaf, said that political system is rooted in culture. Therefore, it is important to enhance cultural exchanges, to respect each country’s own interpretation of peace, development, fairness, justice, democracy and freedom and their exploration of approaches to realizing this. In doing so, according to him, we can promote the harmonious coexistence of multiple civilizations and jointly build a better world. Former Spanish Prime Minister, Jose Luis Rodriguez Zapatero, believed that similarities exist in the history of different continents. He emphasized the importance of identifying similarities, seeking common ground while reserving differences. He also said that countries should work together to promote cultural cooperation and social progress, in order to address the challenges and risks facing humankind. Chen Zhou, Vice-Minister of the International Department of the CPC Central Committee, presided over the second phase of the opening session. During the Dialogue among the Envoys of Civilization at the opening session, Lu Jianzhong, vice president of CAFIU and chairman of the Silk Road Chamber of International Commerce, pointed out that different countries and civilizations can coexist. “As long as we share the vision of a better future, we can always achieve consensus among differences, be it in competitive sports, relations with major countries or mutual learning. We hope that this dialogue will provide useful reference for different countries and civilizations to resolve differences and work together. ,”Lu said. In conclusion, Lu wished success to the Beijing 2022 Winter Olympic Games, an event that he believes will help all countries join hands and inject stronger impetus into the future. With the theme of Upholding Diversity of Civilizations and Carrying forward Shared Values of Mankind, about 260 guests were present at the dialogue to exchange ideas. The outcome document Beijing Vision was released at the dialogue, expressing the hope that exchanges and mutual learning among civilizations will become a bridge of friendship among peoples, a driving force for human progress and a bond for world peace. Other SRCIC leaders were also present at the online dialogue, includingAlexander Tomov, senior adviser to the SRCIC and former Bulgarian Deputy Prime Minister,Mr. Francis Chua, vice chairman of SRCIC and founding chairman of SRCIC the Philippines, Mr. Kassem Tofailli, president of the Arab Chinese Cooperation and Development Association (ACCDA), and Mr. Mohammad Omer, chairman of Somalia-China Business Council. They expressed in their own words that diversity of civilizations is a defining feature of human society. Exchanges and mutual learning are important driving forces for human progress and world peace and development. By fully developing the role of business associations for connectivity, they are ready to make positive contributions to enhancing friendship among peoples, promoting global economic and trade prosperity and building a community with a shared future for mankind. Alexander Tomovsaid 2nd Dialogue on Exchanges and Mutual Learning among Civilizations is undoubtedly a forum with an important meaning for the whole world. Today the world is undergoing an epochal change. We are passing from one to another generation of technology which makes world more integrated from ever before. In such a complex situation and environment, the historical perspectives are only two – either the accent will be stressed on the dialogue, mutual agreement and shared future for the mankind or the forces of the regress with get us back to the times of the Cold war and the mutual opposition. The speech of Mr. Wang Qishan in front of the 2nd Dialogue on Exchanges and Mutual Learning among Civilizations makes a powerful impression with its engagement for deepening the dialogue between the countries, peoples and civilizations. For me there is no doubt that these ideas will conquer more and more people because they are related with the objective changes of mankind. The lack of implementation of one will, one dictate but the dialogue and mutual agreement will define the look of the forthcoming decade. It that sense the holding of the 2nd Dialogue on Exchanges and Mutual Learning among Civilizations has a big contribution for sharing of ideas and values between people. We, in Bulgaria, believe that this is the only way that the peoples can develop successfully and to guarantee the progress of their countries.
Over 500 companies sign up for 6th CIIE
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Over 500 companies sign up for 6th CIIE
7 Feb 2023
SHANGHAI, Feb. 3 (Xinhua) -- More than 500 companies have signed up for the sixth China International Import Expo (CIIE) slated to be held offline in Shanghai from Nov. 5 to 10 this year, the CIIE Bureau said Friday. The combined exhibition area of these companies exceeds 200,000 square meters, it said. The sixth CIIE will build an effective platform for deepening pragmatic cooperation among exhibitors and merchants, said Sun Chenghai, deputy director of the CIIE Bureau. The expo will strengthen road shows at home and abroad, design colorful and attractive activities, and create more face-to-face interaction opportunities for exhibitors and merchants, according to Liu Fuxue, also deputy director of the CIIE Bureau. Source: Xinhua
UN predicts China to drive East Asia's economic recovery this year
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UN predicts China to drive East Asia's economic recovery this year
6 Feb 2023
BANGKOK, Feb. 3 (Xinhua) -- The economic growth in East Asia is projected to accelerate in 2023 driven by an improvement in the Chinese economy, the UN Economic and Social Commission for Asia and the Pacific (ESCAP) said here on Thursday. Quoting the UN World Economic Situation and Prospects (WESP) 2023 report, the Bangkok-headquartered ESCAP told an online press briefing that economic growth in East Asia is forecast to rise to 4.4 percent in 2023 from an estimated 3.2 percent in 2022. The report said the Chinese economy is expected to accelerate as the government recently optimized its prevention measures and eased monetary and fiscal policies, adding that its economy is expected to grow by 4.8 percent in 2023, compared to the growth of 3.0 percent in 2022. However, it highlighted that despite being supported by the Chinese economy, the economic recovery in the region remains fragile. Many economies (other than China) are losing steam amid fading pent-up demand, rising living costs, and weakening export demand from the United States and Europe. East and South Asia's near-term economic prospects face a deteriorating global environment, which has been overshadowed by sharp inflation, food and energy crisis, and debt deflation, the report noted. "Climate risks are expected to continue affecting many countries in the region, exacerbating food insecurity and adding further pressure on inflation," it warned. An extended period of economic weakness would hamper poverty eradication and constrain countries' ability to invest in the Sustainable Development Goals more broadly, the report said, calling for collective efforts to address these challenges. Source: Xinhua
Chinese economy to grow further in 2023 thanks to CPC's policies -- Turkish experts
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Chinese economy to grow further in 2023 thanks to CPC's policies -- Turkish experts
6 Feb 2023
ISTANBUL, Feb. 4 (Xinhua) -- The Chinese economy is expected to grow further in 2023 thanks to policies of the Communist Party of China (CPC), Turkish experts have said. Selcuk Colakoglu, director of the Ankara-based Turkish Center for Asia-Pacific Studies, told Xinhua in a recent interview that China's economy has entered a period of solid recovery, especially after the optimization of COVID-19 control measures at the beginning of this year. Colakoglu said that so many Chinese people traveled within China and abroad during the Spring Festival that it caused a boom in almost all sectors, most notably in transportation and tourism. This will grow even further after the holiday season when both Chinese and international business people are expected to travel for business purposes, he said. "All these activities will bring more positive circulations in the business world, and there will be more positive developments for Chinese sectors." Colakoglu praised the Chinese government's determination to increase factory productivity and to make China's industry and supply chains more resilient and safe with qualified Chinese human resources within the framework of its high-quality growth. "Chinese human resources are on the rise and China has a more qualified labor force," he said. "So all these plans for achieving high-quality development are underway." Echoing Colakoglu, Baris Doster, an academic at the Istanbul-based Marmara University, said that China will continue to be the engine of the world economy through the CPC's correct targets and policies. "Stable, healthy, and sustainable growth and a development in harmony with the environment and nature stand out among the goals of the CPC," Doster told Xinhua in an interview. China's economic achievements in 2022 proved that the government's policies have been bearing fruits despite the pandemic, he said. "In other words, it (all these positive signs about China's economy) shows that the goals of the CPC are met." Despite pandemic-induced setbacks, China's economy still grew 3 percent year on year to a record high of 121 trillion yuan (about 18 trillion U.S. dollars) in 2022, with the increment standing at 6.1 trillion yuan, equivalent to the economic aggregate of a medium-sized country. Source: Xinhua
IMF projects China's economic growth to reach 5.2 pct in 2023
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IMF projects China's economic growth to reach 5.2 pct in 2023
1 Feb 2023
WASHINGTON, Jan. 30 (Xinhua) -- The International Monetary Fund (IMF) on Monday projected China's economy will grow by 5.2 percent in 2023, 0.8 percentage point higher than October 2022 forecast. "Growth in China is projected to rise to 5.2 percent in 2023, reflecting rapidly improving mobility," the IMF said in the newly released update to its World Economic Outlook report. Global growth is projected to fall from an estimated 3.4 percent in 2022 to 2.9 percent in 2023, then rise to 3.1 percent in 2024, the IMF said, noting that the historical average growth rate between 2000 and 2019 is 3.8 percent. The IMF said the rise in central bank rates to fight inflation and Russia-Ukraine conflict continue to weigh on economic activity. Global inflation is expected to fall from 8.8 percent in 2022 to 6.6 percent in 2023 and 4.3 percent in 2024, still above pre-pandemic (2017-2019) levels of about 3.5 percent, according to the update. The IMF said the rapid spread of COVID-19 in China dampened growth in 2022, but the recent reopening has paved the way for a faster-than-expected recovery. "Growth is expected to pick up in China with the full reopening in 2023," it said. The update also said the balance of risks remains tilted to the downside, but adverse risks to global growth have moderated since the October 2022 report. In most economies, amid the cost-of-living crisis, the priority remains "achieving sustained disinflation," the IMF said, noting that with tighter monetary conditions and lower growth potentially affecting financial and debt stability, it is necessary to deploy macro-prudential tools and strengthen debt restructuring frameworks. Source: Xinhua
Economic Watch: Chinese economy gets off to a good start in 2023
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Economic Watch: Chinese economy gets off to a good start in 2023
31 Jan 2023
BEIJING, Jan. 30 (Xinhua) -- With long queues outside restaurants, crowded subway cars, and active machines in factories and on building sites, the Chinese economy is shaking off its COVID shadow and has gotten off to a good start in 2023. ROBUST CONSUMPTION During the weeklong Spring Festival holiday, which ended last Friday, cinemas, restaurants, and tourist attractions were swamped with people eager to meet their pent-up consumption desires. Cinemas nationwide sold 129 million tickets, generating 6.76 billion yuan (nearly 1 billion U.S. dollars) in revenue in the period, up 11.89 percent year on year. Some 308 million domestic trips were made, with tourism revenues hitting a total of 375.8 billion yuan, up 30 percent. Better-than-expected holiday spending improved confidence in a services consumption recovery, CITIC Securities said in a report, noting that the catering sector is about to see a stable and sustainable rebound and that tourism will strengthen gradually during peak seasons. Expanding consumption has become a policy priority. A State Council meeting on Saturday stressed the need for timely measures to promote an early recovery of consumption as the main economic driving force. Local governments have since January been rolling out favorable policies to improve consumer sentiment. Shanghai, a mega city in east China, on Sunday unveiled an action plan including purchase tax exemptions for new-energy vehicles and vouchers for sectors such as cultural tourism and catering. Hainan, an island province in south China, has actively promoted duty-free shopping, reporting 5.19 billion yuan in sales from Jan. 1 to 28. A consumption rebound is a key theme for 2023, UBS economist Wang Tao said, predicting that full-year nominal retail sales will grow 9 percent year on year. FACTORIES IN FULL SWING Post-holiday production is also picking up across the country, with factories in full swing. On Saturday, the first business day after the Spring Festival holiday, construction on 136 key projects broke ground in Xi'an, capital of northwest China's Shaanxi Province. These projects, covering everything from advanced manufacturing to modern services, are expected to have an annual output of over 150 billion yuan and create more than 110,000 jobs. In the southwestern municipality of Chongqing, more than 60 rotary drilling rigs were in simultaneous operation at a construction site for Changan Auto's new factory in January. "With an investment of 6.3 billion yuan, the project will have an annual capacity of 280,000 new energy vehicles," according to project director Wu Kezhi. Chongqing is planning to launch 1,123 major projects this year, with total investment up 18.5 percent from a year earlier. The same vigor can be seen nationwide, as local authorities are making solid efforts to resume production, bringing fresh and sustainable momentum to the economy. Major economic powerhouses -- Guangdong, Zhejiang, Shandong and Sichuan provinces -- have set their 2023 growth targets at above 5 percent. New measures for this year have been unveiled in local government work reports, and they are expected to boost the high-quality growth of China's economy. BRIGHTENED OUTLOOK The reemerging hustle and bustle across the country has painted an encouraging picture of China's economy after a difficult 2022. Saturday's State Council meeting urged efforts to promote a steady economic rebound for the beginning of the year. The meeting underscored the need to facilitate a speedy resumption of business and production after the holiday. Timely measures will be taken to promote an early recovery, advance opening-up in a steadfast manner, and stabilize and upgrade foreign trade and investment. Global investors and institutions have remained confident in the Chinese economy, and multiple investment banks have upwardly revised their forecasts for China's growth rate in 2023. Liu Linan, head of China macro strategy at Deutsche Bank, has predicted that the Chinese economy will expand about 6 percent this year and that growth will become even more steady in 2024 as China emerges from the impacts of the three-year epidemic. After returning to normalcy, and when financial risks tame and pro-growth reforms take effect, China's resilience will also strengthen in the medium-to-long term, Liu said, expressing optimism about the prospects of Chinese assets. The country's economy has passed its most difficult moment and is expected to achieve an overall recovery and improve this year, with more market vitality unleashed and an accelerated rebound in activity, analysts have said. Source: Xinhua
Interview: China can play vital role in stimulating global growth in 2023, says UN economist
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Interview: China can play vital role in stimulating global growth in 2023, says UN economist
30 Jan 2023
UNITED NATIONS, Jan. 28 (Xinhua) -- China can play a significant role in stimulating the global growth in 2023, Hamid Rashid, a leading United Nations economist told Xinhua in an interview after the flagship report, World Economic Situation and Prospects (WESP) 2023, was released on Wednesday. 2022 was a rough year, but in 2023, China "can play a very important role in stimulating the global growth," said Rashid, chief of the Global Economic Monitoring Branch, Economic Analysis and Policy Division, UN Department of Economic and Social Affairs, while commenting on China's economic prospects. "I think all the ingredients for recovery are there. We are very optimistic about the recovery in China," said Rashid, the lead author of the flagship report. He expressed confidence that China's economy will experience a "robust recovery" in 2023 as its policies are aligned correctly, meaning that the fiscal policy and monetary policies are "in the right direction." There has been no tightening of monetary policy (in China), which is quite reassuring because that would have probably suppress economic growth, he said. Rashid said China's economy has a favorable condition to grow as its inflation rate has been low, despite high inflation elsewhere. Compared with other countries, China still has "a very low inflation rate," which is an exceptional advantage. The global financial crisis in 2008 transformed China into the engine of the global economy, Rashid recalled. Restoring China's role as an engine is good news for many other developing countries, he added. WESP 2023 paints a gloomy picture of the global economy and warns that multiple and intersecting crises are likely to add further damage to the global economy, with growth set to slow from 3 percent in 2022 to 1.9 percent this year. Rashid emphasized the need to invest in productive capacity, promote human capital, and combat climate change, adding that by making these investments, the world will "come out of this difficult time" as they will have "high multiplier effects," leading to higher growth and reducing inflation. "China has done it very well over the years," as the government "can actually steer the recovery," he said. Considering the importance of China's economy to the rest of the world, the economist noted that the country consumes both commodities and tourism goods. Taking tourism goods for example, Rashid said that they are "a major source of revenue" for many countries including Malaysia, Thailand, and Indonesia. "Europe now depends on Chinese tourism. And China plays a very important role in global tourism," he said, adding that the growth of outbound tourism will benefit many countries that are dependent on the industry. China has "very strong trade ties" with other manufacturing economies in the region, including Japan and South Korea, he said. Among others, South Korea and Japan benefit from China's recovery when it recovers well, he pointed out. The Chinese economy will be on a trajectory of "not only recovery, but sustained recovery" if the COVID-19 pandemic can be controlled, Rashid said. He also stated that "we are facing difficult economic times where international cooperation can play very important role in restoring global confidence." Source: Xinhua
China builds up infrastructure security: Daryl Guppy
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China builds up infrastructure security: Daryl Guppy
19 May 2022
Editor's note:Daryl Guppy is an international financial technical analysis expert.He has provided weekly Shanghai Index analysis for Chinese mainland media for more than a decade. Guppy appears regularly on CNBC Asia and is known as "The Chart Man." He is a national board member of the Australia China Business Council, SRCIC member organization. The article reflects the author's opinions and not necessarily the views of CGTN. Hard infrastructure sits at the core of what many people believe about China's economy, so Chinese President Xi Jinping's recent observation that "infrastructure serves as a pillar for economic and social development" confirms their belief. A hard infrastructure build will play a role in economic development, but even more important is the soft infrastructure build. A combination of internal and external factors is at play in pushing these infrastructure efforts into the spotlight. President Xi tied some of the infrastructure focus to the idea of security. Many Western analysts were quick to link this to military security rather than economic and environmental security. In particular, Xi mentioned improving the planning of waterways, the building of coastal and inland ports, and the upgrading of water transport facilities nationwide. He included developing a smart grid along with a series of new green, low-carbon energy bases and fine-tuning the oil and gas pipeline network. These are all related to non-military security and improve the country's capability to cope with extreme situations such as those caused by climate change which is a major challenge to economic security. Mitigating the impacts of floods, typhoons, droughts and protecting arable land are the new security frontiers. Common prosperity and economic security are the foundation of all national security. It's the idea of sovereign independence that cannot be threatened by sanctions, disruption to trade settlement, or interruption to trade routes. Unhackable soft infrastructure is the foundation of the digital economy. Some commentators see this call for infrastructure as a move to save China's economy. These are the same people who have been forecasting the collapse of the Chinese economy for the past 20 years. They fail to see that China has a coordinated approach to breaking through the middle-income trap by developing the digital economy and continuing to improve the physical infrastructure and thus economic benefits are more widely spread. Domestically, the "dual circulation" strategy is designed, which takes domestic development as the mainstay, with domestic and international development reinforcing each other. Sovereign independence of supply chains is a lesson from COVID-19. The infrastructure required to build a digital and clean economy helps to break free of the middle-income trap. The essential objective of "dual circulation" is to develop a robust economy, less reliant on external factors. An escape from the middle-income trap rests on improved productivity and new economic processes. This is a digital economy and soft infrastructure is required to make it work. Innovation is emphasized because new tech underpins the digital economy. Henry Ford, the founder of the Ford Motor Company, transformed Western production and economies with his assembly line. It was a new way of using existing resources. New tech is the foundation of the digital economy and China is way ahead in this development than Western economies. Consider a Huawei cell phone. Remove the apps and the phone is just a way to talk to people. The real value of the phone is the software infrastructure that enables WeChat, TikTok, Alipay and others. Their functionality rests on innovation and the soft infrastructure of the digital economy. Externally, the U.S. use of financial market sanctions highlights the need to move away from the Society for Worldwide Interbank Financial Telecommunications (SWIFT) system to ensure sovereign independence in trade settlement. This desire for financial independence suggests that rather than using taxpayers' money this time, China will try to implement new financing methods for infrastructure expansion. Unlike the U.S., China draws on reserves rather than borrowing, but this may change in the future through increased bond issues. These objectives are consistent with recent policy and regulatory announcements designed to attract international capital. This may see greater use of China debt instruments similar to U.S. treasuries. These are infrastructure and project bond issues for domestic and international fund managers. In the longer term, this may lead to the expansion of Chinese capital markets as participants see them as a store of wealth and a finance source rather than an opportunity for short-term capital gain. Essential soft infrastructure development includes improved security of trade settlement, the growth of the digital economy using quantum computing and reduction of business inefficiency. This includes soft infrastructure like the real-time balancing of power grid demands using quantum computing, and optical messaging from satellites. The keywords in Xi's observation are that infrastructure serves as "a pillar for economic and social development." Developing the infrastructure to support and expand common prosperity is the essential foundation of security for any country. Source: CGTN
SRCIC Members attend International Investment Promotion Seminar held by Chongqing Jiangbei District
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SRCIC Members attend International Investment Promotion Seminar held by Chongqing Jiangbei District
7 May 2022
On the afternoon of April 28, 2022, an international investment promotion Seminar was held by the Chongqing Committee of China Council for the Promotion of International Trade (CCPIT) and the government of Jiangbei District. Themed with Investing in Jiangbei to Gain a Win-Win Future, the seminar engaged representatives from 36 organizations, including related government authorities, business associations and investment companies from 12 countries such as Russia, Kazakhstan, Uzbekistan, Georgia, Kyrgyzstan, Tajikistan, etc. Cheng Yao, vice chair of CCPIT Chongqing Committee, and He Yong, member of the Standing Committee of Chongqing Jiangbei District Party Committee and deputy chief of Chongqing Jiangbei District, attended the event and delivered a speech. Vice Chair Cheng Yao delivers a speech SRCIC members including Said Sharif, president of Tajikistan Silk Road International Economic Union and former chairman of the Chamber of Commerce and Industry of Tajikistan, as well as David Saganelidze, chairman of JSC Partnership Fund and chairman of the Georgia-China Intergovernmental Trade and Economy Commission, were invited to address the seminar via video. Said Sharif addresses the seminar Said Sharif said that as an important part of the Belt and Road Initiative, the Silk Road has linked Tajikistan and China and their peoples closely. It has not only served as a vital economic artery, but also a road for friendship and consensus. Tajikistan has created a good business environment and a sound legal system to better protect the interests of investors. At present, dozens of Chinese companies operate in Tajikistan. Tajikistan is always ready to carry out mutually beneficial cooperation with China to embrace development and future together. David Saganelidze gives a speech Source: Chongqing Daily, the official website of CCPIT Chongqing Committee, the official WeChat account of Huahe International
PSRICC and Chinese Embassy in Philippines Jointly hold Online Forum on Beijing Winter Olympic Games
PSRICC and Chinese Embassy in Philippines Jointly hold Online Forum on Beijing Winter Olympic Games
23 Feb 2022
On February 22, 2022, The Philippine Silk Road International Chamber of Commerce (PSRICC) and the Chinese Embassy in the Philippines jointly held an online forum themed "A Memorable Winter Olympic". The participants reviewed the Beijing Winter Olympic Games and shared their personal experiences during the Games. Speaking highly of the grand event, all participants looked forward to a brighter future of China-Philippines cooperation. The forum started with a welcoming speech from PSRICC Francis Chairman Chua, who is also Vice Chairman of the Silk Road Chamber of International Commerce (SRCIC). Huang Xilian, Ambassador of the Chinese Embassy in the Philippines, delivered a keynote speech. The forum also welcomed speeches from Philippine Foreign Secretary Teodoro Locsin, Philippine Trade Secretary Ramon Lopez, Philippine Tourism Secretary Bernadette Romulo Puyat, Philippine Ambassador to China Jose Santiago Sta. Romana, SRCIC Chairman Lu Jianzhong, and Valeriano Floro, Chief of Mission of the Philippine Winter Olympics Delegation and Deputy Secretary General of the Philippine Olympic Committee. More than 200 Chinese and Philippine guests from political, business and media circles attended the forum online. Ambassador Huang Xilian said that after 14 years the Olympic flame was lit again in Beijing, making it the first city in the world to hold both Summer and Winter Olympic Games. Committed to a green, inclusive, open and clean approach, Beijing made every effort to overcome the COVID-19 impact and honored its commitment by delivering a simple, safe and splendid Olympic Games to the whole world, fully demonstrating the Olympic motto of "Faster, Higher, Stronger - Together". Ambassador Huang stressed that "Together for a Shared Future" is the common voice of the international community. Only by carrying forward and drawing strength from the Olympic spirit of tenacity, unity and friendship, understanding and tolerance, transcending politics and differences, can all countries meet the common challenges . "Together for a Shared Future" is also the common aspiration of both the Chinese and Philippine people. We hope that with the spirit of strength and courage of the Year of the Tiger, the two countries can continue our friendship solidified during the Winter Olympics and extend and carry forward the Olympic spirit. By working "Together for a Shared Future", we can maintain the development momentum of the partnership between the two countries in the new era, and make more fruitful achievements out of our friendship that lasts a millennium. Philippine Foreign Secretary Teodoro Locsin said the Olympic Games is "a unique opportunity for countries to bring together athletes from all over the world in friendly competition." He deemed the Games a glorious moment for the host country and its people to show the world its splendid history, and also “a symbol of hope” to the whole world in this third year of the COVID-19 pandemic. In addition, Locsin extended his salute to all the athletes that participated and his thanks to China and the Beijing 2022 organizing committee. “I am particularly proud of Miller (Alpine skier Asa Miller), who represented the Philippines,” he added. Trade Secretary Ramon Lopez said the Beijing 2022 Winter Olympics is now tagged as the most-watched Winter Olympics ever. "We salute China for their successful hosting, overcoming many obstacles from the pandemic, and for promoting winter sports among tropical countries like us," Lopez said. He also pointed out that the Games "is a fitting celebration of sportsmanship, kinship, and solidarity as we collectively recover from the pandemic and open a new chapter in the new normality." The Philippine Minister of Tourism Bernadette Romulo Puyat said that the true Olympic spirit of promoting understanding, unity and friendship among countries was further amplified in the motto of the Beijing 2022 Winter Olympic Games - "Together for a Shared Future". It is this spirit and a sense of belonging to the international community that unite all countries. Chairman Lu Jianzhong said that the world is undergoing dramatic changes in the new century. The far-reaching impact of COVID-19 pandemic has posed challenges to global economic recovery. He said, “But I am confident that the solidarity, cooperation and hope demonstrated by the Beijing Winter Olympics, as well as the passion, joy and friendship brought by winter sports, will give us greater confidence and strong momentum to defeat pandemic and promote global economic recovery. SRCIC is willing to join hands with business communities of all countries. Upholding the Olympic motto of "Faster, Higher, Stronger - Together" , we strive to build a platform for dialogue to advance international economic cooperation, mutual learning and exchanges among civilizations and peoples. We hope to make our contribution to high-quality construction of Belt and Road Initiative and to building a community with a shared future for mankind.” Chairman Francis Chua stated that the Beijing Winter Olympics was one of the major international sporting events held during the COVID-19 pandemic. He extended his congratulations to Beijing, Chinaon becoming the first city in the world to host both the Summer and Winter Olympic Games, and on the remarkable contribution made China and the Chinese people. He also recalled on the outbreak of COVID-19, which China provided the Philippines with vaccine assistance, medical equipment and medical teams, expressing that Sino-Philippine relationship will enjoy an even brighter future. Romana, Philippine ambassador to China, congratulated China for delivering a simple, safe and wonderful Winter Olympics to the world as promised. “The Philippines is very proud to be one of the few tropical countries to participate in the event. It is hoped that this forum will become a new starting point for Sino-Philippine friendship dialogue, and that cultural exchanges will continue through sports and other forms.” he said. Mr. Valeriano Floro, Chairman of the Philippine delegation, said that he felt the strict and strong anti-epidemic measures throughout the Beijing Winter Olympics as soon as he stepped off the plane that fully ensured the safety of all participants. The opening ceremony was amazing, the training facilities were well-maintained, the Olympic Village was well administrated, and the Chinese volunteers were warm and friendly. “This is truly an unforgettable experience for us”, he emphasized. On behalf of the Philippine Olympic Committee, he also congratulated China on its successful hosting of the Winter Olympic Games and thanked the host country and its people for their hospitality. The forum was broadcast live on several platforms, includingCHINOY TV, and featured promotional videos and highlights of the 2022 Beijing Winter Olympic Games. Source: Official website ofthe Chinese Embassy in the Philippines, Philippine Silk Road International Chamber of Commerce(PSRICC)
The PSRICC Entrusted By the China Charity Federation "Kits of Love" Handed Over To Manila Government
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The PSRICC Entrusted By the China Charity Federation "Kits of Love" Handed Over To Manila Government
14 Dec 2021
Above, Alfredo Morino,theMayor of Manila receives the "Kits of Love" donated by the CCF. Below, some of the "Kits of Love" materials are shown. Entrusted by the Chinese side,SRCIC member PSRICC held a ceremony at Manila City University on December 13 to hand over 2,000 "Kits of Love" donated by China to the Manila City Government. Roberto Morino, the Mayor of Manila received the donation, whichwill be distributed by the city government among public school students. Someone of PSRICC who attended the handover ceremonyfor the hand in handstudent activitiesof the 4th "Belt and Road · People-to-people Connectivity" were,Vice President Jerry Cua,the Diplomatic Sharon Sy, the Diplomatic Bryan Ang, Foundation Chairman of PSRICC and SRCIC Vice Chairman Amb. Francis Chua andhis daughter Dr. Beatrice,DirectorHuang Guojie, andthe Secretary-general Pol Ongkinglok.Attendees are alsoCarlos Arias, Presidentof the Manila City University, And Director of the Philippine Chamber of Commerce and Industry, Jesus B. Varela, the Director of thePCCI and theManila City University. To implement the speech spiritof President Xi Jinping,at the opening ceremony in the 73rd World Health Assembly Video Conference,titled "Unity and cooperation over the pandemic,Building acommunity of health for mankind, to consolidate the traditional friendship among the peoples of the world, and strengthen the people-to-people friendly, promote the hearts and minds are interlinked, China Charity Federation, China Council For the Promotion of International Exchange for Non-governmental Organizations, jointly carried out the 4th "Belt and Road · People-to-people Connectivity" student Hand in hand donation activity of "Kits of Love". Recommended by the Chinese Embassy in the Philippines, CCF entrusted PSRICCto coordinate with the Philippine government to distribute the donations to students in the Philippines, so as to make due contributions to the fight against the epidemic. Through the campaign, China donated 2,000 "Kits of Love" to every countryalong the Belt and Road. Each care bag contains: surgical mask, cooling oil, hand sanitizer, oil painting stick, compressed biscuits. All the items were distributed to domestic students to fight the epidemic. Source: PSRICC
INOV Contacto International Internships
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INOV Contacto International Internships
19 Jul 2021
Dear SRCIC members, We would like to inform you that "INOV Contacto" is now accepting applications for its International Internship Programme. If you want to strengthen your international team with a qualified, paid intern (whose profile is matched with the job description) during six months, you can take advantage of this programme that begins in January, 2022. "INOV Contacto" is an initiative promoted by the Portuguese Trade & Investment Agency since 1997, with more than 5,800 internships across 1,200 companies worldwide. To find out more and/or apply, click HERE.
SRCIC members attend the CPC and World Political Parties Summit
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SRCIC members attend the CPC and World Political Parties Summit
9 Jul 2021
On July 6, 2021, the Communist Party of China (CPC) and World Political Parties Summit was held via video link. Xi Jinping, general secretary of the CPC Central Committee and Chinese president, attended the summit in Beijing and delivered a keynote speech. In his speech titled Strengthening Cooperation Among Political Parties to Jointly Pursue the People's Wellbeing, Xi stressed that political parties, as an important force behind human progress, need to set the right course forward and shoulder their historic responsibility to ensure the people's well-being and pursue human progress. He also pointed out that the CPC stands ready to work with world political parties to be builders of world peace, advocates for global development, and guardians of the international order. Xi Jinping, general secretary of the CPC Central Committee and Chinese president, delivers a keynote speech (Source: Xinhua News Agency) The cloud summit gathered leaders of more than 500 political parties and organizations from over 160 countries. Political parties from 100-plus countries set up nearly 200 venues in their home countries to organize their representatives to attend the summit. SRCIC members including the Philippine Silk Road International Chamber of Commerce (PSRICC), Chinese Southeast European Business Association (CSEBA), Arab-Chinese Cooperation and Development Association, Office of Georgian Chamber of Commerce and Industry in China, Silk Road Association Alliance members including Latin American Centre of Political and Economics Studies of China (CLEPEC), Malaysian Chamber of Commerce and Industry in China, and SRCIC partner Russian Federation Chamber of Commerce and Industry in Eastern Asia (Beijing) attended the summit. Francis Chua, Vice Chairman of SRCIC and Chairman of the PSRICC pointed out that this year marks the centenary the CPC. For 100 years, the mission of the CPC has been to bring prosperity to the Chinese people. Through decades of arduous struggle, the CPC has achieved one victory after another, profoundly changing the history and destiny of China. The PSRICC is willing to promote the cooperation between the Philippine business community and China. “When we communicate with countries around the world, we will tell them that China is a country that values peace, a country that cares about its people and its neighbors, a country that keeps its word and walks by its word. We will tell the world about China's efforts in promoting global peace and development. That's what we at the PSRICC are doing, and we want to continue to tell good stories about China,”Chua said. The image above is President Xi Jinping delivering a keynote speech. The image below, at left, is President Duterte's video address to the conference. On the right is the scene at PSRICC. Mario Rendulić, president of CSEBA said they will convey President Xi’s ideas to the Croatian people in a suitable way. He hoped that the Croatian leaders will have a deeper understanding of the CPC and draw on it to accelerate Croatia's development in all aspects. He then reiterated his willingness to further promote the Belt and Road Initiative in Croatia in the hope of building stronger ties between the two countries. President of CSEBA Mario Rendulić (R) and President of CSEBA in Asian-Pacific Li Zhenwei (L) attending the online meeting President of Arab-Chinese Cooperation and Development Association Kassem Tofailli(the first row from left) attending the online meeting Chief Representative of Russian Federation Chamber of Commerce and Industry in Eastern Asia(Beijing) Ivan A.Izotov attending the meeting Bekar, representative of Georgian Chamber of Commerce and Industry in China, congratulated on the success of the CPC and World Political Parties Summit. He expressed heartfelt congratulations on CPC's centenary and wished China continuous progress and development. He said that from the perspective of history, the period of 100 years is very short. But within such a short time frame, Chinese people managed to make unprecedented achievements under the leadership of the CPC.China is an important strategic partner of Georgia, and the two countries enjoyatime-honoredfriendship and close cooperation, which he hoped to continue to deepen and develop in the years to come. Source: People's Daily and SRCIC members
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