【Committee】 Weekly Update of B&R Financial Cooperation (Vol.262)
学术
2024-09-20 15:34
北京
I. Chinese entrepreneurs continue to play crucial role in regional integration: Malaysian PMII. Ministerial meeting on China-Caribbean economic, trade cooperation to be held in HainanIII. Chinese business event in Bulgaria to boost bilateral cooperationIV. Egyptian experts big on deeper Egypt-China cooperation after FOCAC summitV. Interview: China to further boost high-quality development of service tradeVI. China, UAE embrace broader prospect in economic, trade cooperation with burgeoning new opportunitiesI. Chinese entrepreneurs continue to play crucial role in regional integration: Malaysian PMKUALA LUMPUR, Sept. 11 (Xinhua) -- Chinese entrepreneurs continue to play a crucial role in regional integration by facilitating economic, cultural and people-to-people ties, Malaysian Prime Minister Anwar Ibrahim said on Tuesday.Chinese entrepreneurs globally can assume a bigger role in safeguarding regional economic cooperation, ensuring security of crucial supply chains and promoting the global socio-economic development agenda, Anwar said in his keynote speech at the opening ceremony of the 17th World Chinese Entrepreneurs Convention in Kuala Lumpur.President of the Associated Chinese Chambers of Commerce and Industry of Malaysia Low Kian Chuan said that legendary acumen and adaptability to innovate in a fast-paced and competitive environment have helped Chinese entrepreneurs thrive and face current and future global challenges.The two-day event brought together over 4,000 corporate leaders, experts and researchers from all over the world to mull over prospects and challenges of global economic development, the organizer said.The convention was founded in 1991.(2024-09-11 Source: Xinhua News Agency)II. Ministerial meeting on China-Caribbean economic, trade cooperation to be held in HainanBEIJING, Sept. 9 (Xinhua) -- A ministerial meeting of the fourth China-Caribbean Economic and Trade Cooperation Forum will be held in south China's island province of Hainan, China's commerce ministry announced on Monday.The meeting, scheduled to take place from Sept. 12 to 14, will focus on emerging sectors and discuss the new opportunities and patterns that green, low-carbon development and digital technologies have brought to China-Caribbean cooperation, according to ministry official Lin Feng.To facilitate economic and trade cooperation, the ministry has worked to ascertain the cooperation needs of enterprises on both sides ahead of time, and organized a special dialogue event for Caribbean ministers and Chinese enterprises, Lin told a press conference.By hosting the ministerial meeting in Hainan, a frontier region of China's opening-up, China also hopes to help Caribbean countries gain a better understanding of its opening-up policies, propelling deeper and high-quality cooperation between the two sides, Lin said.Delegations from 11 Caribbean countries will attend the meeting, as will the secretariat of the Caribbean Community, and a delegation from the government of Haiti will participate as an observer, according to the ministry.Established in 2004, the China-Caribbean Economic and Trade Cooperation Forum has served as the highest-level economic and trade dialogue mechanism between the governments of China and Caribbean countries. Over the past 20 years, the forum has facilitated fruitful cooperation in areas such as trade, investment, human resources and health care.(2024-09-10 Source: Xinhua News Agency)III. Chinese business event in Bulgaria to boost bilateral cooperationSOFIA, Sept. 10 (Xinhua) -- A Chinese business event aimed at boosting bilateral cooperation and introducing Chinese goods and services to Bulgarian citizens would kick off later this week, officials said here Tuesday.Chinese Ambassador to Bulgaria Dai Qingli said at a press conference that the three-day event "China Premium Products and Services Exhibition and Business Matchmaking" would be held in the National Palace of Culture in Sofia from Thursday to Saturday, in order to encourage enterprises from the two countries to expand their business and cooperation.Dai said that the purpose of the event, jointly organized by the Chinese Embassy in Bulgaria and Bulgaria National Association for the Belt and Road, was not only to emphasize the important contribution of the business sector to the development of Chinese-Bulgarian relations, but also to provide a platform for exchange between the business circles of both countries.At the same time, Bulgarian citizens would have the opportunity to get to know Chinese products and services up close, she said.She also noted that the exhibition was one of the most important events to mark the 75th anniversary of the establishment of diplomatic relations between China and Bulgaria.Zahari Zahariev, chairman of the Bulgaria National Association for the Belt and Road, said that 28 key enterprises from China would participate in the exhibition. Some were among the 50 largest global corporations, and others, among the top 500.Li Shaowei, General Manager of Huawei Technologies Bulgaria, told the press conference that Huawei would participate in the exhibition to present its latest solutions in information and communication technologies and to expand cooperation.Meng Fanxu, General Manager of Central and Eastern Europe and Central Asia Region of Greenroad International Logistics, said in turn that Bulgaria has been an important logistics hub in Central and Eastern Europe, playing a key role in the Belt and Road Initiative. This year, his company would open a branch in Bulgaria.(2024-09-11 Source: Xinhua News Agency)IV. Egyptian experts big on deeper Egypt-China cooperation after FOCAC summitCAIRO,
Sept. 13 (Xinhua) -- Egyptian experts have voiced confidence for deeper
cooperation between Egypt and China following the successfully hosting of the
2024 summit of the Forum on China-Africa Cooperation (FOCAC).Egyptian
Prime Minister Mostafa Madbouly participated in the FOCAC summit in Beijing
last week, and in the meantime had important meetings with heads and
representatives of major Chinese companies, witnessed the signing of contracts
between the Suez Canal Economic Zone and Chinese companies to undertake new
projects, and attended the signing of five memoranda of understanding (MoUs)
between the two sides on cooperation.Diaa
Helmy, secretary-general of the Egyptian-Chinese Chamber of Commerce, said
those results showed the strong "political will from the two countries to
deepen bilateral cooperation," which is mutually beneficial."China
is playing a practical, strong, and real role in helping Africa and also in
cooperating with Egypt," Helmy told Xinhua, noting that the new contracts
and MoUs will play an important role in Egypt's development.China
is the "best trade, economic and technological partner" for Egypt, he
said, adding that Egypt needs advanced Chinese technology in various fields on
its way towards industrial development.Waleed
Gaballah, a member of the Egyptian Association for Political Economy,
Statistics and Legislation, said the signing of the new contracts and MoUs
demonstrates that "the Chinese-Egyptian partnership is on the right
track."These
positive results "indicate that Egypt and China have a common desire to
increase economic cooperation and that the path of partnership is serious on
both sides," Gaballah told Xinhua.Highlighting
bilateral cooperation under the framework of the China-proposed Belt and Road
Initiative (BRI), Gaballah particularly touched on the Chinese-constructed
Central Business District project in the new administrative capital of Egypt,
which is a key project of Egypt's national rejuvenation plan and a flagship
project under the framework of BRI.Chinese
investments in Egypt enhance economic relations between the two countries, and
create more job opportunities in Egypt, he added.(2024-09-14
Source: Xinhua News Agency)V. Interview: China to further boost high-quality development of service tradeBEIJING,
Sept. 12 (Xinhua) -- China will make further efforts to advance innovation and
the high-quality development of the country's service trade sector, Wang
Dongtang, an official with the Ministry of Commerce, has said in an interview
with Xinhua.The
2024 China International Fair for Trade in Services (CIFTIS) opened in Beijing
on Thursday. Over the years, China's trade in services has developed rapidly,
with a steadily expanding trade scale, continuously optimizing structure, and
continuously enhancing international competitiveness."During
the past decade, the average annual growth rate of service trade stood at 6.2
percent in U.S. dollar terms, higher than the global average growth rate and
the growth rate of China's trade in goods over the same period," Wang
said.In
2023, the country's total import and export volume of services reached a record
high of 6.6 trillion yuan (about 927 billion U.S. dollars), the official added.Meanwhile,
knowledge-intensive service trade increased to 41.4 percent of total service
trade in 2023. Exports of knowledge-intensive services accounted for 57.5
percent of the total service exports, an increase of 7.8 percentage points over
the previous year. "This indicates that the competitiveness and value of
China's service trade exports are constantly improving," he said.From
January to July of this year, China's service trade saw a 14.7 percent
year-on-year growth to 4.2 trillion yuan, with both imports and exports
registering double-digit growth."Currently,
global service trade and service industry cooperation are developing in depth,
and the process of digital, intelligent and green development is
accelerating," Wang noted. "Service trade has become an important
driving force for economic globalization."He said
China has been actively expanding the imports of high-quality services, while
encouraging the expansion of knowledge-intensive service exports and providing
new development opportunities for the world with China's large market.To
boost opening up, China has been actively aligning with international
high-standard economic and trade rules, and promoting the compatibility of
rules, regulations, management and standards in the field of service trade over
the past few years.Earlier
this year, China rolled out national and pilot free-trade zone versions of
negative lists for cross-border trade in services to boost opening up."We
will continue to make efforts in the policy interpretation and implementation
of the negative lists for cross-border service trade, and study and formulate a
corresponding management system, so as to promote the orderly opening up of
cross-border trade and constantly improve the level of service trade
liberalization and facilitation," the official said.As for
promoting new business models and new patterns in the sector, Wang pledged to
follow the trend of digital, intelligent and green development of trade in
services, and actively foster new driving forces for the development of trade
in services.Wang
also called for establishing and optimizing the service trade promotion system,
and giving full play to the role of major exhibitions such as the CIFTIS.In
terms of international economic and trade cooperation, he said that efforts
will be made to further deepen service trade cooperation with countries along
the Belt and Road and cultivate more growth points for cooperation.China
will expand multilateral, bilateral and regional cooperation mechanisms for
trade in services, and support the construction of international cooperation
parks for service trade in areas where conditions permit, said the official.(2024-09-13
Source: Xinhua News Agency)VI. China, UAE embrace broader prospect in economic, trade cooperation with burgeoning new opportunitiesDUBAI, Sept. 13 (Xinhua) -- With bilateral trade flourishing across various sectors, China and the United Arab Emirates (UAE) are making concerted efforts to explore new paths for cooperation, aiming for further win-win outcomes and strengthening their comprehensive strategic partnership.This focus was underscored during Chinese Premier Li Qiang's visit to the UAE, which concluded on Friday. In meetings with UAE leaders and business representatives, both sides expressed a strong will and offered valuable suggestions to enhance economic and trade collaboration while marking 40 years of diplomatic relations.While meeting with UAE President Sheikh Mohamed bin Zayed Al Nahyan on Thursday, Li noted that China is willing to further expand the scale of bilateral trade with the UAE and explore cooperation in new energy, electric vehicles, high-end manufacturing, biomedicine, digital economy and other fields.He hoped that the two countries could jointly make a forward-looking layout of emerging and future industries to cultivate more new economic growth points.For his part, Mohamed said the UAE looks forward to closer exchanges at all levels with China, giving full play to the mechanism of the high-level committee on China-UAE investment and cooperation, deepening practical cooperation in economy, trade, investment, energy, health, education, and other fields.During talks with the UAE's Vice President and Prime Minister Sheikh Mohammed bin Rashid Al Maktoum, Li pointed out that China and the UAE are good partners on the path of common development. It is in the fundamental interests of both sides to strengthen cooperation and help each other succeed.Li said China is willing to share development opportunities with the UAE for better mutual benefit, welcoming more UAE investment in China and encouraging Chinese enterprises to invest and do business in the UAE.Also on the premier's visit agenda was the UAE-China Business Forum, which was held in Dubai on Thursday. Over 200 representatives from the governments, chambers of commerce, and businesses of both countries attended.While addressing the forum, Li said bilateral ties have matured over the past 40 years, and economic and trade cooperation has yielded strong results.China has been the UAE's largest trading partner for many years. The UAE is China's largest export market and second-largest trading partner in the Middle East.Official data showed bilateral trade between China and the UAE reached 94.98 billion U.S. dollars in 2023. In the first half of 2024, the figure reached nearly 50.11 billion dollars.Behind such success lies a profound inevitability, Li noted. As China-UAE economic and trade exchanges have spanned over a millennium, both countries have actively embraced economic globalization and worked together to create development miracles through opening-up.The premier called on enterprises from both countries to seize the new opportunities of high-quality Belt and Road cooperation and identify more areas of shared interests and opportunities for collaboration from the intersection of their strategic priorities.He also urged both sides to jointly seize the burgeoning opportunities in technological and industrial innovation, and harness innovation as a driving force.UAE business representatives spoke highly of China's development dynamism and market potential at the forum, expressing their eagerness to increase investment in China and expand cooperation with their Chinese partners.In his speech, Chairman of Dubai Chambers Abdul Aziz Abdulla Al Ghurair hailed China as a crucial market for the UAE business community and a preferred partner for UAE enterprises.Recognizing the growing significance of the Chinese market, the Dubai International Chamber has opened three overseas offices in China: Shanghai, Shenzhen, and Hong Kong, the highest number of offices in any single country.UAE Minister of Economy Abdulla bin Touq Al Marri shared recent data highlighting the vibrancy of economic exchanges: The UAE is now home to about 15,500 Chinese businesses, and the number of flights between the two countries operated by the UAE's national carriers has reached 44 per week, he noted.The minister invited Chinese enterprises to fully explore the growing opportunities brought by the UAE's increasingly favorable business environment to scale up investments, particularly in emerging industries."We are confident that our shared visions and strategies to expand cooperation into new economic sectors will further strengthen and elevate our economic and investment relations," Al Marri said.(2024-09-14 Source: Xinhua News Agency)
