Int'l Forum of BRI and New Practices of China-Africa Cooperation held in Cairo
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Int'l Forum of BRI and New Practices of China-Africa Cooperation held in Cairo
19 Jun 2019
The International Forum of Belt and Road Initiative (BRI) and New Practices of China-Africa Cooperation kicked off Sunday in the Egyptian capital Cairo. The two-day event is hosted by the Belt and Road African Studies Alliance and Egypt's Ain Shams University and is organized by China's Institute for African Studies of Guangdong University of Foreign Studies and the Research Center for Belt and Road Initiative of Ain Shams University. Some 80 people attended the conference including government officials, entrepreneurs, experts, scholars and researchers from Nigeria, Kenya, China and Egypt. During the conference, experts and scholars will discuss China-Africa industrial promotion, the relation between Egypt's economy and China-Africa cooperation, China-Egypt cooperation under the framework of BRI. They will also tackle industrialization, vocational career education development in African countries and new journey for cooperation in Belt and Road construction. Proposed by China in 2013, the BRI refers to the Silk Road Economic Belt and the 21st Century Maritime Silk Road, which aims to build a trade and infrastructure network connecting Asia with Europe, Africa and beyond along the ancient trade routes of the Silk Road. Speaking at the opening ceremony, Han Bing, minister counselor for economic affairs at the Chinese Embassy in Cairo, said the key to the achievements of the BRI is to conform to the trend of peace and development, adhere to the principle of achieving shared growth through discussion and collaboration. "Against the background of the current anti-globalization trend and the rise of protectionism, the Belt and Road has issued a strong voice against unilateralism and protectionism," he stressed. In the past six years, the cooperation under the BRI has been fruitful. The total trade volume of goods between China and the countries involved in the BRI has exceeded 5 trillion U.S. dollars, according to him. The Chinese diplomat noted that Egypt is a natural partner in the construction of the BRI, pointing out that China-Egypt economic and trade cooperation has been elevated to a new height in recent years. "The volume of bilateral trade and the quality of bilateral trade have improved. In 2018, the total trade volume exceeded 13.8 billion U.S. dollars, a record high. Egypt's exports to China have grown substantially, and agricultural products such as fresh oranges and grapes have continued to enter the Chinese market," Han added. He highlighted that the financial cooperation between the two countries has continued to advance, noting that the number of Chinese tourists to Egypt has reached 400,000 in 2018, an increase of more than 30 percent. "Egyptian President Abdel-Fattah al-Sisi pointed out at the Second Belt and Road Forum for International Cooperation in April this year that the goal of the initiative is consistent with Egypt's efforts to launch a series of large-scale projects with high returns and diversified investment opportunities," Han said. As the African Union's presiding country in 2019, Egypt has played an important role in promoting China-Africa cooperation within the framework of the initiative, he said. "We believe that as African Free Trade Zone takes effect this year, the prospects for China-Africa economic and trade cooperation will be even broader," He stressed. Meanwhile, President of Ain Shams University, Abdel Wahab Ezzat, said his university, together with other universities engaged in Egyptian-Chinese and Afro-Sino cooperation, prepares studies about bilateral relations and areas of cooperation between the two countries. "University is the home of knowledge and experiences. It is true that trade, politics and business control countries, but we need science to learn all these fields," he said. He added that his university's Research Center for Belt and Road Initiative conducts economic, commercial and technical studies for projects and cooperation between Egypt and China. "We may help implement our studies if we are asked to, but we mainly focus on preparing researches for Belt and Road and other mutual projects," he pointed out. Founded in October 2018, Belt and Road African Studies Alliance is set up to implement the outcomes of Forum on China-Africa Cooperation (FOCAC) held in Beijing in September 2018. Gathering professional researchers and institutes for African studies from all over the world, the alliance aims to serve as an interdisciplinary and cross-border communication platform to share resources, explore knowledge, disseminate technology, enhance understanding and promote applications. The alliance now has 34 members, including 16 from African countries, 16 from China and two from Europe. Source: Xinhua News Agency
China, UK pledge more cooperation on BRI, support for multilateral trade system
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China, UK pledge more cooperation on BRI, support for multilateral trade system
18 Jun 2019
China and the United Kingdom held a new round of economic and financial dialogue in London on Monday, pledging to strengthen cooperation on the Belt and Road Initiative (BRI) and support the multilateral trade system. Chinese Vice Premier Hu Chunhua and British Chancellor of the Exchequer Philip Hammond co-chaired the 10th China-UK Economic and Financial Dialogue, with extensive discussions ranging from macroeconomics and global economic governance, trade and investment, big project partnership to financial reform and financial market development and cooperation in new areas. Both sides produced 69 mutually beneficial outcomes and signed cooperation documents on third-party market cooperation, financial services and other areas. Hu called on the two countries to implement the consensus reached between their leaders, work with each other more on the BRI, closely coordinate their macroeconomic policies, and expand trade and investment partnership. "China and the UK should foster new highlights in financial cooperation and improve global economic governance to inject new vitality to our bilateral relations," Hu said. Hailing the fruitful cooperation since the first economic and financial dialogue, Hammond said the UK has unique advantages in participating in the BRI and will be ready to boost trade, investment, finance and energy cooperation with China. The UK will work with China to safeguard multilateralism and multilateral trade system, Hammond said. Following the dialogue, Hu and Hammond attended a joint press conference, after which Hu also met with British Prime Minister Theresa May. On Monday morning, prior to the dialogue, Hu and Hammond attended the launch ceremony of the Shanghai-London Stock Connect, under which Shanghai-listed companies can list on the London Stock Exchange via Global Depositary Receipts (GDRs) issuance, while British companies can issue China Depositary Receipts (CDRs) on the Shanghai Stock Exchange. The launch of the mechanism marks a crucial step in China's capital market opening-up and a major part of the China-UK pragmatic cooperation in the financial sector, the China Securities Regulatory Commission (CSRC) said on Monday. Nanjing-based Huatai Securities became the first Chinese company to list in the UK via the long-awaited mechanism. Source:Xinhua News Agency
China, Russia, Mongolia vow to strengthen trilateral cooperation
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China, Russia, Mongolia vow to strengthen trilateral cooperation
17 Jun 2019
Presidents of China, Russia and Mongolia pledged to strengthen trilateral cooperation during their meeting here on Friday. The trilateral meeting, the fifth of its kind, among Chinese President Xi Jinping, Russian President Vladimir Putin and Mongolian President Khaltmaa Battulga was held on the sidelines of the 19th Shanghai Cooperation Organization (SCO) summit. The heads of state reviewed the achievements of trilateral cooperation and discussed the overall plan for the next phase. Since the last gathering of the heads of state in China's eastern port city of Qingdao last year, the three sides have maintained close communication and cooperation, and the trilateral cooperation has gradually developed, said Xi. Noting that this year marks the 70th anniversary of the China-Russia and China-Mongolia diplomatic relations, Xi said China will hold celebrations with the two countries respectively. Against the backdrop of rising protectionism and unilateralism, the three countries need to firmly promote regional cooperation and achieve common development, he said. They should focus on the alignment of the three countries' development strategies, promote comprehensive cooperation in all fields, and jointly release the positive signal of maintaining multilateralism and creating an open world economy, said Xi. For the next phase, the three sides should deepen political mutual trust, increase mutual support, respect each other's core interests, and strengthen coordination and cooperation in international and regional affairs, Xi stressed. The Chinese president said the three countries should promote the implementation of cooperative projects within the framework of the China-Mongolia-Russia Economic Corridor, promote customs facilitation measures, upgrade major ports, and deepen sub-national cooperation. The cooperation and coordination within the framework of the SCO should be expanded, said Xi. Putin said Russia is committed to deepening its relations with China and Mongolia on the basis of mutual respect, equality and mutual benefit, and is ready to step up cooperation to promote the synergy between the Eurasian Economic Union, the China-proposed Belt and Road Initiative, and Mongolia's Steppe Road program. He also called on the three parties to enhance inter-connectivity in transportation, expand trade, and bolster cooperation in energy and finance. Battulga said it is Mongolia's unswerving policy to deepen the friendly cooperation with China and Russia, adding that his country is committed to pushing forward the trilateral cooperation and the construction of the China-Mongolia-Russia Economic Corridor. He called on the three sides to set up institutional arrangements so as to accelerate the construction of a network of cross-border highways, facilitate customs clearance, strengthen energy cooperation, and discuss the construction of regional power grids. Source:Xinhua News Agency
BRI not a 'debt trap' but a boost for world economy
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BRI not a 'debt trap' but a boost for world economy
13 Jun 2019
Accusations that China's infrastructure financing under the Belt and Road Initiative, or BRI, are causing huge debts to countries involved and pushing them into a "debt trap" are absolutely wrong, reports and analysts have pointed out. Since last year, some senior officials from the West, including US Vice-President Mike Pence and Secretary of State Mike Pompeo, have made such allegations without offering any evidence. These false allegations have been refuted by a number of global studies and analysts recently. The Express Tribune, a major daily English-language newspaper based in Pakistan, published an article on May 27, saying the China-Pakistan Economic Corridor, or CPEC, a project under the BRI, is not a "debt trap" but a boon for Pakistan. It said China is investing $62 billion in Pakistan through the CPEC, which has enabled the country to avert its energy crisis and has helped build an elaborate network of infrastructure in various parts of the country for the past five years. The CPEC has greatly boosted the economic activity and improved people's life, it said. Despite several hostile voices saying that the project is a "debt trap" for Pakistan and will hurt the country's economy, Noor Ahmed, secretary of the Economic Affairs Division of Pakistan, said that the country's total foreign debt is about $106 billion. Of which Chinese loans account for only 10 to 11 percent, while the remaining are from the International Monetary Fund, Paris Club, and other Western organizations, according to the Express Tribune. Ahmed said that China has greatly supported Pakistan and always help the country during tough economic crises. Through the CPEC, China is building infrastructure in Pakistan to save its economy, and some of its money coming into Pakistan are purely an investment, some are interest-free loans, and other loans are on very easy and simple terms. "If China lends money to Pakistan at one of the lowest interest rates in the world, how can it be a debt trap?" Ahmed said. The Chinese-built Hambantota International Port project in Sri Lanka is another example that is always cited by critics while accusing China of making a "debt trap". Barry Sautman, a professor in the Division of Social Science at Hong Kong University of Science & Technology, said that alleged story that Sri Lanka's government was forced to sign the port away on a 99-year lease after failing to repay Chinese loans that were racking up 6.3 percent interest "are erroneous". In a recent article published on The South China Morning Post, he said that China holds an estimated 9 to 15 percent of Sri Lanka's external debt, based on his team's field research in Sri Lanka. Some of the rest are high-interest loans from commercial banks, which are mainly Western. International sovereign bonds holds about half of its external debt, with "Americans holding two-thirds of their value and Asians only about 8 percent", he said. Sri Lanka must pay interest averaging 6.3 percent on international sovereign bonds and the principal must be fully repaid, on average, within seven years. In contrast, more than two-thirds of the value of Chinese financing to Sri Lanka from 2001 to 2017, including two-thirds to Hambantota Port, carry only 2 percent interest, and mostly repayable more than 20 years, he said. "Ironically then, if Sri Lanka is debt distressed, it owes more to American and other Western entities than to Chinese," he said. He added that in fact, Chinese infrastructure loans have not led to the forfeiture of a single valuable asset abroad and have not impinged on the sovereignty of any country. There is no Chinese plot to take over the world. A report on a study by New Yorkbased independent research provider Rhodium Group, also dismissed the "debt trap" accusations against China recently. Based on 40 cases of external debt renegotiation between 2007 and this year in 24 countries, the report said asset seizure was a rare occurrence. More often, China was inclined to renegotiate the debts or write them off, it said. Hisham AbuBakr Metwally, an economics researcher with the Egyptian Ministry of Foreign Trade and Industry, said that critics always mention "debt trap" in African countries, including Kenya and Ethiopia. The fact is that these countries was in keen need of developing infrastructure, such as railways and bridges, which could greatly boost their economic development. "BRI is really a new hope for the world to overcome the barrier and achieve development for all," he said. "For example, with the development of infrastructure, we can see now Ethiopia grows the fastest in Africa, at about 7 percent annual growth of GDP." A recent report from global trade credit insurance company Euler Hermes said that merchandise trade between China and countries involved in the BRI will add $117 billion to global trade and boost its growth by 0.3 percent this year. It would also add 0.1 percent to global GDP in 2019. Abdallah Abdillahi Miguil, Djibouti's ambassador to China, said that unlike the Western investment with strings attached to it, Chinese investment is welcomed by the country in the Horn of Africa. "The people and the government of Djibouti are aware of the fact that Chinese investment came at a time where it was mostly needed," he said. "In this connection, we do care less what those who envy the growing cooperation between Djibouti and China say." Xu Haoliang, assistant secretary-general of the United Nations, said the BRI is a global initiative that has the potential to facilitate the achievement of the sustainable development goals. Importantly, it can also fill in the financing gaps and development needs in underinvested countries with loans and investment from China and other countries. He said that although some countries have expressed concerns on the issues of standards and regulations pertaining to transparency, debt sustainability, the environment and society, these issues are complex and go beyond the BRI. "They represent systemic issues in some developing countries related to investments and economic management, are not necessarily or only as a result of the BRI," he said. "Careful study is needed to understand the situation in every instance." Source:China Daily
Silk Road Fund and SIBUR sign agreement on furtherance of cooperation
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Silk Road Fund and SIBUR sign agreement on furtherance of cooperation
12 Jun 2019
In the presence of Chinese President Xi Jinping, and President of the Russian Federation Vladimir Putin, Silk Road Fund exchanged with SIBUR an executed Agreement on Furtherance of Cooperation signed by Wang Yanzhi, President of Silk Road Fund, and Dmitry Konov, Chairman of the Management Board at SIBUR Holding, on June 5. According to the agreement, the parties will coordinate efforts for potential joint investments in petrochemical projects, strengthen cooperation in third-party markets, further develop trade and economic relations between China and Russia. SIBUR is a vertically integrated gas processing and petrochemicals company. SIBUR owns and operates Russia’s largest gas processing business in terms of associated petroleum gas processing volumes, and is a leader in the Russian petrochemical industry. In January 2017, Silk Road Fund acquired a 10% equity stake in SIBUR. SRF is a medium-to-long term development and investment fund established under the framework of "Belt and Road Initiative". Following a philosophy of openness, inclusiveness and mutual benefit, SRF operates its business based on market principles, international standard and professional excellence. Resource:Belt and Road Portal
2019 Silk Road Business Summit to be held in HongKong on Dec 5
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2019 Silk Road Business Summit to be held in HongKong on Dec 5
11 Jun 2019
On the occasion of the 70th anniversary of the People's Republic of China and the sixth anniversary of the Belt and Road Initiative, 2019 Silk Road Business Summitwill be held in Hong Kong, China on December 5, 2019. The summit is themed witha New Chapter for Win-Win Cooperation, a New World Open to Mutual Benefits. Around 300 Belt and Road government officials, international organization delegates, chamber leaders, transnational enterprise heads, and think tank experts will attend the summit. The summit will be composed of the opening ceremony, plenary sessionsand parallel forums. The participants will build consensus and offer suggestions in the integrative development of the Belt and Road Initiative and the Guangdong-Hong Kong-Macao Greater Bay Area, utilizing Hong Kong's comprehensive advantages to realize a world-class bay area, and achieving high-quality development. The Silk Road Business Summit is the annual flagship event of SRCIC. It has been successfully held for 3successiveyears (2016, 2017 in Xi 'an City, Shaanxi Province, 2018 in Zhangjiajie City, Hunan Province). More than 1,000 government representatives, ambassadors to China,chamber leaders, transnational enterprise heads,experts and scholars from over 100 Belt and Road countries attended the summit, jointly promoting economic and trade cooperation and cultrualexchanges under the framework of the Belt and Road Initiative. Reference Links: Briefing of Xi'an Silk Road Business Summit and SRCIC Cooperation and Development Conference http://srcic.org/news/briefing-of-xian-silk-road-business-summit/ Successful closing-up of Xi'an Silk Road Business Summit http://srcic.org/news/successful-closing-up-of-xian-silk-road-business-summit/ 2018 Silk Road Business Summit - a new platform for international trade cooperation and cultural exchanges http://srcic.org/news/2018-silk-road-business-summit/
2019 Silk Road Business Summit to be held in HongKong on Dec 5
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2019 Silk Road Business Summit to be held in HongKong on Dec 5
11 Jun 2019
On the occasion of the 70th anniversary of the People's Republic of China and the sixth anniversary of the Belt and Road Initiative, 2019 Silk Road Business Summitwill be held in Hong Kong, China on December 5, 2019. The summit is themed witha New Chapter for Win-Win Cooperation, a New World Open to Mutual Benefits. Around 300 Belt and Road government officials, international organization delegates, chamber leaders, transnational enterprise heads, and think tank experts will attend the summit. The summit will be composed of the opening ceremony, plenary sessionsand parallel forums. The participants will build consensus and offer suggestions in the integrative development of the Belt and Road Initiative and the Guangdong-Hong Kong-Macao Greater Bay Area, utilizing Hong Kong's comprehensive advantages to realize a world-class bay area, and achieving high-quality development. The Silk Road Business Summit is the annual flagship event of SRCIC. It has been successfully held for 3successiveyears (2016, 2017 in Xi 'an City, Shaanxi Province, 2018 in Zhangjiajie City, Hunan Province). More than 1,000 government representatives, ambassadors to China,chamber leaders, transnational enterprise heads,experts and scholars from over 100 Belt and Road countries attended the summit, jointly promoting economic and trade cooperation and cultrualexchanges under the framework of the Belt and Road Initiative. Reference Links: Briefing of Xi'an Silk Road Business Summit and SRCIC Cooperation and Development Conference http://srcic.org/news/briefing-of-xian-silk-road-business-summit/ Successful closing-up of Xi'an Silk Road Business Summit http://srcic.org/news/successful-closing-up-of-xian-silk-road-business-summit/ 2018 Silk Road Business Summit - a new platform for international trade cooperation and cultural exchanges http://srcic.org/news/2018-silk-road-business-summit/
SRCIC Executive Chairman Jean-Guy Carrier attends ICC Centenary Summit
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SRCIC Executive Chairman Jean-Guy Carrier attends ICC Centenary Summit
3 Jun 2019
On 28 May, SRCIC Executive Chairman and former Secretary General of International Chamber of Commerce (ICC) Jean-Guy Carrier was invited to attend ICC Centenary Summit in Paris, France. Celebrations took place in Paris this week, beginning a year of activities to mark 100 years of the International Chamber of Commerce. Welcome remarks by ICC Secretary General John W.H. Denton AO. During the Summit ICC issueda business declarationon behalf of 45 million companies worldwide. The Declaration sets out a vision to shape the future of global business for the next century, mirroring the declaration issued 100 years ago by ICC’s “Merchant of Peace” founders. It sets out guiding principles for ICC as a purpose driven international organisation, working with renewed purpose to make business work for everyone, every day, everywhere. By way of the declaration, ICC commits to using the full extent of its resources and global network to tackle 21st century challenges, including working to preserve and modernise the global trading system and mobilizing business to keep the global temperature increase below 1.5 degrees Celsius. Resource: ICC Official Website
SRCIC Vice Chairman and Secretary General Li Zhonghang calls on Consul General of Republic of Korea in Xi 'an
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SRCIC Vice Chairman and Secretary General Li Zhonghang calls on Consul General of Republic of Korea in Xi 'an
28 May 2019
On 28 May, SRCICVice Chairman and Secretary General Li Zhonghang called onByeong Gwon Kim,Consul Generalof Republic of Korea (ROK) in Xi 'an. SRCICVice Chairman and Secretary General Li Zhonghang (L) andByeong Gwon Kim, Consul Generalof Republic of Korea in Xi 'an (R) Vice Chairman Li Zhonghang introduced the development of SRCIC, especially mentioned the great support of Young-Tae Kim, Vice Chairman of SRCIC and Chairman of Daesung Group Co., Ltd, to SRCIC. Mr. Li said, “SRCIC is willing to make full use of its resources to support Consulate General ofROK in Xi’an in carrying out cultural exchanges and relevant activities and hoping two sides will have cooperation on promoting the Belt and Road construction.” Consul General Byeong Gwon Kim praised the outcomes SRCIC achieved since its establishment. He introduced the collaboration under ROK's "New North Policy" and China's “Belt and Road Initiative”, and hoped to visit SRCIC Xi’an Secretariat in the near future. SRCIC Deputy Secretary General Diane Bian was alsopresent attheabove activity.
SRCIC Chairman Lu Jianzhong meets Mayor of Zhangjiajie City
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SRCIC Chairman Lu Jianzhong meets Mayor of Zhangjiajie City
27 May 2019
On May 27, a delegation led by Zhangjiajie City Mayor Liu Ge'an visited Tang West Market in Xi’an City.Lu Jianzhong, SRCIC Chairman, Board Chairman of the TangWest Market Group met with MayorLiu Ge'an and his delegation.The two sides held the meeting focusing on theprojectprogress ofSilk Road Lotus International Cultural TouristTown in Zhangjiajie City. Chairman Lu Jianzhong (L)and Mayor Liu Ge'an (R) During the meeting, Chairman Lu Jianzhong expressed admiration to the leadership team of Zhangjiajie Municipal Government for their efficient and pragmatic working style, and pioneering and innovative working ability. He especiallyexpounded the planning for the Silk Road Lotus International Cultural Tourist Town and stressed the significance of the international Chinese medicine health care center landing in Zhangjiajie City. He said that the two sides should put Zhangjiajie's development strategy in priority andrely on its unique touristand cultural resourcestoactively introduce high-quality resources, makingthisproject an international brand. Mayor Liu Ge'an expressedthat the Silk Road Lotus International Cultural Tourist Townis the largest investment projectfor Zhangjiajie City. He claimed that the Town will be a comprehensive cultural and tourist spot with huge benefits and international influence. Silk Road Lotus International Cultural Tourist Town is located in Zhangjiajie City, Hunan Province. It is the largest cultural and tourist project of the city covering 225.8 hectares and over RMB 35 billion investment. The project will contain Silk Road International Trade Center,InternationalArtExchangeCenter, Shopping Center, Art Central Business Districtand Central Ecological Living Center. A series of IP activities such as Silk Road City Alliance Forum, Silk Road International Cultural Tourist Summit, and Silk Road International Cultural Festival, and Silk Road International Arts Festival will also be launched.
Ukrainian Consul General to Shanghai visits SRCIC Shanghai Office
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Ukrainian Consul General to Shanghai visits SRCIC Shanghai Office
18 May 2019
SRCIC Deputy Secretary General Tian Xiaohong (R6) and Ukrainian Consul General to ShanghaiPonomarenko Dmytro(L5) visiting Ukraine International Art Exhibition On 18 May, the delegationled by Ponomarenko Dmytro,Ukrainian Consul General to Shanghai, together with Zhang Ruofei, Director of Shanghai Art Museum,visited SRCIC Shanghai Office. Tian Xiaohong, SRCIC Deputy Secretary General extended a warm welcome to the delegation and accompanied them to SRCIC Shanghai Office and Ukrainian International Art Exhibition. Ukrainian Consul General to ShanghaiPonomarenko Dmytro (L) and SRCIC Deputy Secretary General Tian Xiaohong (R) Ms. Tian Xiaohong introduced the recent collaboration between SRCIC and Ukrainian side to ConsulGeneral. She especially mentioned the synergic efforts of SRCIC and Shanghai Art Museum for facilitating the exhibition of Ukrainian paintings in Hongqiao Overseas Trade Center which gained high level of attention by authorities. SRCIC Deputy Secretary General Tian Xiaohong(L), Ukrainian Consul General to Shanghai Ponomarenko Dmytro(M), and Director of Shanghai Art MuseumZhang Ruofei(R) Ponomarenko Dmytroexpressed his gratitude to SRCIC for its support to Ukrainian arts and commerce and hoped that the two sides could have further collaboration and exchanges in the future. The two sides also held detailed discussions on strengthening bilateral cooperation in the fields of automobile industry, film-television industry and education industry.
SRCIC Chairman Lu Jianzhong elected as Vice President of CAFIU
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SRCIC Chairman Lu Jianzhong elected as Vice President of CAFIU
16 May 2019
On May 16, the general meeting of Chinese Association for International Understanding (CAFIU), namely, the 1st plenary session of the 12thcouncil was held in Beijing. SRCIC Chairman Lu Jianzhong was invited to the meeting and elected as Vice President of the 12th Executive Council of CAFIU. Ji Bingxuan, Vice Chairman of the 13th Standing Committee of the National People's Congress,Yan Juanqi, Vice Chairman of the 12th Standing Committee of the National People's Congress, Song Tao, Minister of the International Liaison Department of the Communist Party of China, Wang Yajun, Vice Minister of the International Liaison Department of the Communist Party of China, also attended the meeting and delivered the speeches respectively. The meeting reviewed the work statement of the 11th Council and the Constitution of CAFIU (Revision), announced the adjustment of CAFIU's leadership and appointed the new council leadership and the Secretary-General of the Secretariat. Ji Bingxuan was elected as President of the 12th Executive Council of CAFIU. Both Chairman Lu Jianzhong and Wang Yajun were elected as Vice Presidents of the 12th Executive council of CAFIU, along with 25 new Standing Council Members and 73 new Council Members. Group photo Established in 1981, the Chinese Association for International Understanding (CAFIU) is composed by social activists, scholars and representatives from all walks of life. CAFIU is registered as a non-profit organization with the Ministry of Civil Affairs, and acquired special consultative status with UN ECOSOC in May, 2003. The Executive Council is CAFIU's highest organ of power, which is elected every five years. Since its founding, CAFIU has established ties and conducted exchanges with associations, political organizations and research institutes of dozens of countries, as well as well-known international organizations. CAFIU also participates in the activities with UN entities, and keeps regular contact with some international organizations.
Int'l Forum of BRI and New Practices of China-Africa Cooperation held in Cairo
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Int'l Forum of BRI and New Practices of China-Africa Cooperation held in Cairo
19 Jun 2019
The International Forum of Belt and Road Initiative (BRI) and New Practices of China-Africa Cooperation kicked off Sunday in the Egyptian capital Cairo. The two-day event is hosted by the Belt and Road African Studies Alliance and Egypt's Ain Shams University and is organized by China's Institute for African Studies of Guangdong University of Foreign Studies and the Research Center for Belt and Road Initiative of Ain Shams University. Some 80 people attended the conference including government officials, entrepreneurs, experts, scholars and researchers from Nigeria, Kenya, China and Egypt. During the conference, experts and scholars will discuss China-Africa industrial promotion, the relation between Egypt's economy and China-Africa cooperation, China-Egypt cooperation under the framework of BRI. They will also tackle industrialization, vocational career education development in African countries and new journey for cooperation in Belt and Road construction. Proposed by China in 2013, the BRI refers to the Silk Road Economic Belt and the 21st Century Maritime Silk Road, which aims to build a trade and infrastructure network connecting Asia with Europe, Africa and beyond along the ancient trade routes of the Silk Road. Speaking at the opening ceremony, Han Bing, minister counselor for economic affairs at the Chinese Embassy in Cairo, said the key to the achievements of the BRI is to conform to the trend of peace and development, adhere to the principle of achieving shared growth through discussion and collaboration. "Against the background of the current anti-globalization trend and the rise of protectionism, the Belt and Road has issued a strong voice against unilateralism and protectionism," he stressed. In the past six years, the cooperation under the BRI has been fruitful. The total trade volume of goods between China and the countries involved in the BRI has exceeded 5 trillion U.S. dollars, according to him. The Chinese diplomat noted that Egypt is a natural partner in the construction of the BRI, pointing out that China-Egypt economic and trade cooperation has been elevated to a new height in recent years. "The volume of bilateral trade and the quality of bilateral trade have improved. In 2018, the total trade volume exceeded 13.8 billion U.S. dollars, a record high. Egypt's exports to China have grown substantially, and agricultural products such as fresh oranges and grapes have continued to enter the Chinese market," Han added. He highlighted that the financial cooperation between the two countries has continued to advance, noting that the number of Chinese tourists to Egypt has reached 400,000 in 2018, an increase of more than 30 percent. "Egyptian President Abdel-Fattah al-Sisi pointed out at the Second Belt and Road Forum for International Cooperation in April this year that the goal of the initiative is consistent with Egypt's efforts to launch a series of large-scale projects with high returns and diversified investment opportunities," Han said. As the African Union's presiding country in 2019, Egypt has played an important role in promoting China-Africa cooperation within the framework of the initiative, he said. "We believe that as African Free Trade Zone takes effect this year, the prospects for China-Africa economic and trade cooperation will be even broader," He stressed. Meanwhile, President of Ain Shams University, Abdel Wahab Ezzat, said his university, together with other universities engaged in Egyptian-Chinese and Afro-Sino cooperation, prepares studies about bilateral relations and areas of cooperation between the two countries. "University is the home of knowledge and experiences. It is true that trade, politics and business control countries, but we need science to learn all these fields," he said. He added that his university's Research Center for Belt and Road Initiative conducts economic, commercial and technical studies for projects and cooperation between Egypt and China. "We may help implement our studies if we are asked to, but we mainly focus on preparing researches for Belt and Road and other mutual projects," he pointed out. Founded in October 2018, Belt and Road African Studies Alliance is set up to implement the outcomes of Forum on China-Africa Cooperation (FOCAC) held in Beijing in September 2018. Gathering professional researchers and institutes for African studies from all over the world, the alliance aims to serve as an interdisciplinary and cross-border communication platform to share resources, explore knowledge, disseminate technology, enhance understanding and promote applications. The alliance now has 34 members, including 16 from African countries, 16 from China and two from Europe. Source: Xinhua News Agency
China, UK pledge more cooperation on BRI, support for multilateral trade system
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China, UK pledge more cooperation on BRI, support for multilateral trade system
18 Jun 2019
China and the United Kingdom held a new round of economic and financial dialogue in London on Monday, pledging to strengthen cooperation on the Belt and Road Initiative (BRI) and support the multilateral trade system. Chinese Vice Premier Hu Chunhua and British Chancellor of the Exchequer Philip Hammond co-chaired the 10th China-UK Economic and Financial Dialogue, with extensive discussions ranging from macroeconomics and global economic governance, trade and investment, big project partnership to financial reform and financial market development and cooperation in new areas. Both sides produced 69 mutually beneficial outcomes and signed cooperation documents on third-party market cooperation, financial services and other areas. Hu called on the two countries to implement the consensus reached between their leaders, work with each other more on the BRI, closely coordinate their macroeconomic policies, and expand trade and investment partnership. "China and the UK should foster new highlights in financial cooperation and improve global economic governance to inject new vitality to our bilateral relations," Hu said. Hailing the fruitful cooperation since the first economic and financial dialogue, Hammond said the UK has unique advantages in participating in the BRI and will be ready to boost trade, investment, finance and energy cooperation with China. The UK will work with China to safeguard multilateralism and multilateral trade system, Hammond said. Following the dialogue, Hu and Hammond attended a joint press conference, after which Hu also met with British Prime Minister Theresa May. On Monday morning, prior to the dialogue, Hu and Hammond attended the launch ceremony of the Shanghai-London Stock Connect, under which Shanghai-listed companies can list on the London Stock Exchange via Global Depositary Receipts (GDRs) issuance, while British companies can issue China Depositary Receipts (CDRs) on the Shanghai Stock Exchange. The launch of the mechanism marks a crucial step in China's capital market opening-up and a major part of the China-UK pragmatic cooperation in the financial sector, the China Securities Regulatory Commission (CSRC) said on Monday. Nanjing-based Huatai Securities became the first Chinese company to list in the UK via the long-awaited mechanism. Source:Xinhua News Agency
China, Russia, Mongolia vow to strengthen trilateral cooperation
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China, Russia, Mongolia vow to strengthen trilateral cooperation
17 Jun 2019
Presidents of China, Russia and Mongolia pledged to strengthen trilateral cooperation during their meeting here on Friday. The trilateral meeting, the fifth of its kind, among Chinese President Xi Jinping, Russian President Vladimir Putin and Mongolian President Khaltmaa Battulga was held on the sidelines of the 19th Shanghai Cooperation Organization (SCO) summit. The heads of state reviewed the achievements of trilateral cooperation and discussed the overall plan for the next phase. Since the last gathering of the heads of state in China's eastern port city of Qingdao last year, the three sides have maintained close communication and cooperation, and the trilateral cooperation has gradually developed, said Xi. Noting that this year marks the 70th anniversary of the China-Russia and China-Mongolia diplomatic relations, Xi said China will hold celebrations with the two countries respectively. Against the backdrop of rising protectionism and unilateralism, the three countries need to firmly promote regional cooperation and achieve common development, he said. They should focus on the alignment of the three countries' development strategies, promote comprehensive cooperation in all fields, and jointly release the positive signal of maintaining multilateralism and creating an open world economy, said Xi. For the next phase, the three sides should deepen political mutual trust, increase mutual support, respect each other's core interests, and strengthen coordination and cooperation in international and regional affairs, Xi stressed. The Chinese president said the three countries should promote the implementation of cooperative projects within the framework of the China-Mongolia-Russia Economic Corridor, promote customs facilitation measures, upgrade major ports, and deepen sub-national cooperation. The cooperation and coordination within the framework of the SCO should be expanded, said Xi. Putin said Russia is committed to deepening its relations with China and Mongolia on the basis of mutual respect, equality and mutual benefit, and is ready to step up cooperation to promote the synergy between the Eurasian Economic Union, the China-proposed Belt and Road Initiative, and Mongolia's Steppe Road program. He also called on the three parties to enhance inter-connectivity in transportation, expand trade, and bolster cooperation in energy and finance. Battulga said it is Mongolia's unswerving policy to deepen the friendly cooperation with China and Russia, adding that his country is committed to pushing forward the trilateral cooperation and the construction of the China-Mongolia-Russia Economic Corridor. He called on the three sides to set up institutional arrangements so as to accelerate the construction of a network of cross-border highways, facilitate customs clearance, strengthen energy cooperation, and discuss the construction of regional power grids. Source:Xinhua News Agency
BRI not a 'debt trap' but a boost for world economy
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BRI not a 'debt trap' but a boost for world economy
13 Jun 2019
Accusations that China's infrastructure financing under the Belt and Road Initiative, or BRI, are causing huge debts to countries involved and pushing them into a "debt trap" are absolutely wrong, reports and analysts have pointed out. Since last year, some senior officials from the West, including US Vice-President Mike Pence and Secretary of State Mike Pompeo, have made such allegations without offering any evidence. These false allegations have been refuted by a number of global studies and analysts recently. The Express Tribune, a major daily English-language newspaper based in Pakistan, published an article on May 27, saying the China-Pakistan Economic Corridor, or CPEC, a project under the BRI, is not a "debt trap" but a boon for Pakistan. It said China is investing $62 billion in Pakistan through the CPEC, which has enabled the country to avert its energy crisis and has helped build an elaborate network of infrastructure in various parts of the country for the past five years. The CPEC has greatly boosted the economic activity and improved people's life, it said. Despite several hostile voices saying that the project is a "debt trap" for Pakistan and will hurt the country's economy, Noor Ahmed, secretary of the Economic Affairs Division of Pakistan, said that the country's total foreign debt is about $106 billion. Of which Chinese loans account for only 10 to 11 percent, while the remaining are from the International Monetary Fund, Paris Club, and other Western organizations, according to the Express Tribune. Ahmed said that China has greatly supported Pakistan and always help the country during tough economic crises. Through the CPEC, China is building infrastructure in Pakistan to save its economy, and some of its money coming into Pakistan are purely an investment, some are interest-free loans, and other loans are on very easy and simple terms. "If China lends money to Pakistan at one of the lowest interest rates in the world, how can it be a debt trap?" Ahmed said. The Chinese-built Hambantota International Port project in Sri Lanka is another example that is always cited by critics while accusing China of making a "debt trap". Barry Sautman, a professor in the Division of Social Science at Hong Kong University of Science & Technology, said that alleged story that Sri Lanka's government was forced to sign the port away on a 99-year lease after failing to repay Chinese loans that were racking up 6.3 percent interest "are erroneous". In a recent article published on The South China Morning Post, he said that China holds an estimated 9 to 15 percent of Sri Lanka's external debt, based on his team's field research in Sri Lanka. Some of the rest are high-interest loans from commercial banks, which are mainly Western. International sovereign bonds holds about half of its external debt, with "Americans holding two-thirds of their value and Asians only about 8 percent", he said. Sri Lanka must pay interest averaging 6.3 percent on international sovereign bonds and the principal must be fully repaid, on average, within seven years. In contrast, more than two-thirds of the value of Chinese financing to Sri Lanka from 2001 to 2017, including two-thirds to Hambantota Port, carry only 2 percent interest, and mostly repayable more than 20 years, he said. "Ironically then, if Sri Lanka is debt distressed, it owes more to American and other Western entities than to Chinese," he said. He added that in fact, Chinese infrastructure loans have not led to the forfeiture of a single valuable asset abroad and have not impinged on the sovereignty of any country. There is no Chinese plot to take over the world. A report on a study by New Yorkbased independent research provider Rhodium Group, also dismissed the "debt trap" accusations against China recently. Based on 40 cases of external debt renegotiation between 2007 and this year in 24 countries, the report said asset seizure was a rare occurrence. More often, China was inclined to renegotiate the debts or write them off, it said. Hisham AbuBakr Metwally, an economics researcher with the Egyptian Ministry of Foreign Trade and Industry, said that critics always mention "debt trap" in African countries, including Kenya and Ethiopia. The fact is that these countries was in keen need of developing infrastructure, such as railways and bridges, which could greatly boost their economic development. "BRI is really a new hope for the world to overcome the barrier and achieve development for all," he said. "For example, with the development of infrastructure, we can see now Ethiopia grows the fastest in Africa, at about 7 percent annual growth of GDP." A recent report from global trade credit insurance company Euler Hermes said that merchandise trade between China and countries involved in the BRI will add $117 billion to global trade and boost its growth by 0.3 percent this year. It would also add 0.1 percent to global GDP in 2019. Abdallah Abdillahi Miguil, Djibouti's ambassador to China, said that unlike the Western investment with strings attached to it, Chinese investment is welcomed by the country in the Horn of Africa. "The people and the government of Djibouti are aware of the fact that Chinese investment came at a time where it was mostly needed," he said. "In this connection, we do care less what those who envy the growing cooperation between Djibouti and China say." Xu Haoliang, assistant secretary-general of the United Nations, said the BRI is a global initiative that has the potential to facilitate the achievement of the sustainable development goals. Importantly, it can also fill in the financing gaps and development needs in underinvested countries with loans and investment from China and other countries. He said that although some countries have expressed concerns on the issues of standards and regulations pertaining to transparency, debt sustainability, the environment and society, these issues are complex and go beyond the BRI. "They represent systemic issues in some developing countries related to investments and economic management, are not necessarily or only as a result of the BRI," he said. "Careful study is needed to understand the situation in every instance." Source:China Daily
Silk Road Fund and SIBUR sign agreement on furtherance of cooperation
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Silk Road Fund and SIBUR sign agreement on furtherance of cooperation
12 Jun 2019
In the presence of Chinese President Xi Jinping, and President of the Russian Federation Vladimir Putin, Silk Road Fund exchanged with SIBUR an executed Agreement on Furtherance of Cooperation signed by Wang Yanzhi, President of Silk Road Fund, and Dmitry Konov, Chairman of the Management Board at SIBUR Holding, on June 5. According to the agreement, the parties will coordinate efforts for potential joint investments in petrochemical projects, strengthen cooperation in third-party markets, further develop trade and economic relations between China and Russia. SIBUR is a vertically integrated gas processing and petrochemicals company. SIBUR owns and operates Russia’s largest gas processing business in terms of associated petroleum gas processing volumes, and is a leader in the Russian petrochemical industry. In January 2017, Silk Road Fund acquired a 10% equity stake in SIBUR. SRF is a medium-to-long term development and investment fund established under the framework of "Belt and Road Initiative". Following a philosophy of openness, inclusiveness and mutual benefit, SRF operates its business based on market principles, international standard and professional excellence. Resource:Belt and Road Portal
World Chambers Congress spotlights climate change and sustainable development
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World Chambers Congress spotlights climate change and sustainable development
11 Jun 2019
The 11th World Chambers Congress taking place in Rio on 12-14 June will explore the ramifications associated with climate change and how business can implement sustainable practices across the global supply chain. In today’s world, business must accept responsibility for the societal impact of their operations. The Sustainable Development Goals [SDGs] are a common roadmap adopted by world leaders in 2015 for “people, planet and prosperity” as part of the UN’s 2030 Agenda. In particular, SDG 13, Climate Action, calls for member states to “take urgent action to combat climate change and its impacts by regulating emissions and promoting developments in renewable energy”. Thriving in a low carbon economy In the wake of this international call for action, more and more countries are adopting forms of national legislation aimed at promoting sustainable development. According to a study conducted by the London School of Economics each country that signed the Paris Agreement [now] has “at least one law addressing climate change or the transition to a low-carbon economy.” Since the adoption of the Paris Agreement, several countries, like China, France, Ireland, and the United Kingdom, have committed to banning the sale of gasoline cars within the next 20 years. At the municipal level, congestion charges, shared bicycle schemes, and sustainable development projects are gaining traction. Other topics to be discussed at the World Chambers Congress Co-hosted by ICC WCF and the Brazilian Confederation of Trade and Business Associations (CACB), the11thWorld Chambers Congresswill take place from 12-14 June in Rio de Janeiro. With less than two weeks to go until this flagship event, ICC will be highlighting other topics of this year’s programme over the coming days. Please stay tuned for detailed descriptions on sessions ranging from climate change, trade facilitation and more. Accessthe latest programmefor the 11th World Chambers Congress andthe Chambers Clim ate Coalition.
China-Sweden Business Council:3rd Belt&Road Business Forum for Development to be held in October
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China-Sweden Business Council:3rd Belt&Road Business Forum for Development to be held in October
3 Jun 2019
SRCIC member: China Sweden Business Council is arranging“3rd Belt&Road Business Forumfor Development”between 24th- 26thOctober 2019 in Stockholm, Sweden. The main purpose is to make sure that Chinese companies, agencies and investors seeking cooperation with their European counterparts meet together and with companies, agencies and delegations from Africa. African delegations and participants get the opportunity to meet verity of strong actors in different fields and industries. We sincerely invite enterprises to participate in this summit. If you are interested, please read the Background Information and Invitation Letter of the summit and fill in the Registration Formtoinfo@csbc.se.
Daryl Guppy:Trump's Huawei action has deep consequences
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Daryl Guppy:Trump's Huawei action has deep consequences
28 May 2019
On 25 May, Daryl Guppy, President of Northern Territory of Australia China Business Council (ACBC)which is also the member of SRCIC, published an article in China Daily.The full text is as follows: We need to look beyond the outrage and indignation created by US President Donald Trump's executive order effectively banning US companies from doing business with Huawei. If we focus only on indignation about Huawei, then we allow "a leaf to obscure the view of Mount Tai", as the saying goes. Important as Huawei is, there are much bigger issues at stake for China's trade and investment. The executive order follows the precedent set when Trump used vague security grounds to unilaterally impose tariffs on steel. This was the first warning shot — and to their discredit, affected economies tried to tackle the consequences individually rather than by banding together and working within the established global rules-based order. This uncoordinated response laid waste to that order and set a direct path to the executive order that has hit Huawei hard. But the consequences are wider than just Huawei, because it involves an international logistics chain being bullied and intimidated by a single country. No one, friend or foe, is immune to this rogue-like behavior. Let's start at the beginning. The charges against Huawei have not been substantiated, and despite offers by Huawei for a full and open inspection the offer has not been taken up. Yet the "security threat" narrative continues. The security and compliance concerns about Huawei are a fig leaf designed to distract from a much broader agenda. Huawei is the only serious competitor to Apple iPhone in terms of quality, features and price. Huawei takes a leadership position in 5G applications and AI development. The attempt to destroy Huawei is an attempt to destroy competition to US industry and products. It is a vicious form of protectionism that goes beyond simple tariffs. It increasingly appears that part of "Make America Great Again" involves denying the right of China to continue to advance and improve living standards. This is also seen in statements that demand China abandons its Made in China programs. For what reason would they have to do this except hold back China's progress? This executive order opens the door to de-facto unilateral sanctions. The refusal to supply Huawei today is an unofficial sanction and tomorrow it may be applied to another Chinese company, or a European competitor for an American product. How easy it is to tweet, or draft an executive order, that applies de-facto sanctions to Chinese companies listed on NASDAQ and the NYSE. No need to attack them directly, because an executive order can sever their supply chains or prevent fund transfers through US co-respondent banks. The withdrawal of Beijing-based Kunlun from the US market following US government pressure is an early precursor of this danger. Shall we apply this to electric cars? To solar panels? To washing machines, air conditioners and refrigerators? To Chinese investment in international business? To companies that are supplying raw materials to China — materials like iron ore, which are suddenly deemed strategic? Despite not being a signatory to treaties like the United Nations Convention on the Law of the Sea, the United States is fond of scolding China about the need to observe the global rules-based order while reserving for itself the right to undermine, ignore and sabotage those very rules. It is a mistake to think the Huawei issue is just between the United States and China. These practices could be just as easily applied to Europe, South America, the UK and Australia. The solution lies in resolute, coordinated and cooperative support for the existing structures of the global rules-based order, including WTO dispute resolution mechanisms. Business councils and business representatives, along with organizations like the Silk Road Chamber of International Commerce, must be strong supporters and advocates. This is not just about Huawei or China. It is about the survival of a global rules-based trading environment from which all benefit. Source: Chinadaily
May Star-Arab Chinese Cooperation and Development Association
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May Star-Arab Chinese Cooperation and Development Association
27 May 2019
Introduction The Arab Chinese Cooperation and Development Association (ACCDA) is an independent NGO that seeks to strengthen economic and cultural relationships between Chinese and Arab communities, educational and business organizations, and public officials under the umbrella of the Belt and Road Initiative (BRI). Objectives ACCDA always implements two objectives: 1) that implementing the BRI will be of strategic and pivotal significance for many years to come, and 2) that there remains a huge untapped potential for cooperation and exchange between our region and China. ACCDA’sobjective is to be a part of, and play a modest role in, this multi-dimensional process which is expected to reshape the Sino-Arab landscape for this and future generations. Principles As the world continues its transformation to a multi-polar system, it becomes increasingly apparent that China and the Arab states should cooperate more vigorously on issues of mutual interest in economics, technology, social and cultural development, and other fields. This is based not only on a common heritage, but also on a joint vision that international relations can, and should be, founded on mutual benefit and respect. the successes of the economic reforms implemented by the Chinese government and communist party were also becoming evident. This served to demonstrate that the Chinese model of development was arguably more creative and flexible than other world models. Against this backdrop, the Belt and Road Initiative proposed by Chinese President XiJinping included the following economic objectives with respect to the Arab states: Coordinating development strategies and contributing to those strategies as needed and feasible and in manners that utilize each country’s comparative advantage and potential. Coordinating investment projects, with a special emphasis on projects that generate mutual benefits for Chinese and Arab enterprises. Enhancing cooperation in the sectors of construction, agriculture, nuclear power, telecommunications and connectivity. Enhancing cooperation in trade via openness and reciprocity. Promoting social development through collaborations in healthcare, education and human resources, science and technology, and environmental protection. Promoting cultural exchange via broadcasting, filming, television, and the press. Members ACCDAreflects the diversity of the Arab people. It is forming a Board of Trustees, Board of Advisersand Honorary Members Counsel in addition to several functional committees corresponding to our objectives. The board members include professionals in various domains, originating from various backgrounds, bringing a breadth of knowledge and expertise in a variety of fields. They came together by their shared belief that this region stands to benefit tremendously from promoting deeper links with China. Among our founding members are businessmen,college professors, engineers, journalists, students, civil society activists, artists, art and movie critics, and medical doctors. ACCDA PresidentKassemTofailliis a seasoned international business consultant with over 25 years of experience in that domain gained from work with Arab, US, and Chinese business entities. Over the last five years, he has largely focused on promoting trade between Arab and Chinese establishments in different sectors, as well as on furthering cultural and social exchange between the two regions. His continuous engagement in the China-Arab Expo has been instrumental to the success of that cooperation platform. Since 2013 he has been serving as consultant on trade with the Arab World for the government of the Ningxia province. In recognition of his efforts, the government of Ningxia recently awarded him the title of “Friendship Ambassador” with the Arab and World Peoples. ACCDA Vice PresidentDr. Jamil Hudaib is a Lebanese doctor of Traditional Chinese Medicine who has lived, studied, and worked in China for many years. He is recognized as one of the leading doctors of Traditional Chinese Medicine in Lebanon and the region. He is also the owner and medical director of the Acupuncture Center of Lebanon, a Beirut-Based clinic of Traditional Chinese Medicine providing premium quality health care for the community for more than 30 years. Affiliations ACCDA isthemember of the Silk Road Chamber of International Commerce (SRCIC) and Silk Road NGO Cooperation Network (SIRONET) Recent Activities ACCDA UAE &CairoTCM Conference ACCDA’s seminar: BRI and Development in Southern Lebanon Referece Link: http://www.srcic.com/news/accda-holds-semniar-bri-development/ Communication On Dec 10, 2017. ACCDA President KassemTofailli was invited to attend the second anniversary of Silk Road Chamber of International Commerce held in Beijing. ACCDA President KassemTofailli and SRCIC Vice President and Secretary General Li ZhongHang On Oct 16, 2018. ACCDA Vice PresidentDr. Jamil Hudaib was invited to attend 2018 Silk Road Business Summit (Zhangjiajie) and deliver a speech at the TCM innovation and development international conference. He was also awarded the certificate of outstanding contribution to the international promotion of TCM in recognition of his outstanding contribution to the development of TCM. On June 1, 2018. The People's Daily published the article titled "the three storiesofSino-Lebanonfriendship ", Adnan Kassar, the Chairman and CEO of Fransabank Group and Honorary President of SRCIC, and Dr. Jamil Hudaib, Vice Presidentof ACCDA , werereported.
ACCDA President visits SRCIC Secretariat in Xian
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ACCDA President visits SRCIC Secretariat in Xian
24 May 2019
On 24 May, the Arab Chinese Cooperation and Development Association (ACCDA)President Kassem Tofaillivisited SRCIC Secretariat in Xi’an. SRCIC Deputy Secretary General Ken Li held a talkwith him on the cooperation of the Silk Road Sunshine Fund. SRCIC Deputy Secretary General Ken Li(L) andACCDA President KassemTofailli(R) Deputy Secretary General Li expressed warm welcome to his visit. He spoke highly of the performancesof international studentsrecommended by ACCDAand introduced the enrollment planningof Silk Road Sunshine Fund in this year. And he expressed that the two sides shall further strengthen cooperation on education and culturalexchangesunder the Belt and Road Initiative. Inthe afternoon, President Tofaillivisited 4 students whoarestudying in Chang’anUniversityrecommended by ACCDA. He asked about their studiesand life in school and encouraged them to study hard and become ambassadors of Arab-china exchanges in the near future.
CSEBA at Zagreb Infrastructure Summit
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CSEBA at Zagreb Infrastructure Summit
17 May 2019
Under the auspices of CSEBA, the business association of China and JI Europe will talk about the development of the sea ports of the region and the development of the railway infrastructure, among which will be Alexander Sauha of CSEBA and Erich Cossutta of COSCO Shipping, Nina Perko from the Ministry of the Sea, Transport and Infrastructure and Sanja Vučić from Croatian Railways. Moderator will be Vladimir Nišević, editor in chief of Poslovni dnevnik, the only business daily newspaper in Croatia. The Zagreb Infrastructure Summit will gather key people from ministries, state-owned companies, the transport, construction and financial sectors in one place to discuss the challenges of the profession and capital infrastructure projects. The conference will be attended by the founder of Z-Run Wellton Industry Jiang Yu, President of the Croatian Road Administration, Josip Škorić, IGH President Oliver Kumric, State Secretary for Infrastructure of the Ministry of the Sea, Transport and Infrastructure Tomislav Mihotić, Adviser to the Embassy of the Republic of China NR Kine Liu Kai , and the head of the COSCO Shipping regional office, Erich Cossutta. Source:CSEBA
MNCCI and ACBC attending 2019 Roundtable Conference of Silk Road International Chambers of Commerce (Xi'an)
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MNCCI and ACBC attending 2019 Roundtable Conference of Silk Road International Chambers of Commerce (Xi'an)
12 May 2019
Group photo On 12 May, 2019 RoundtableConference of Silk Road International Chambers of Commerce (Xi'an), one of important activities of the 4th Silk Road International Expo, was held in Xi'an, Shaanxi Province. SRCIC members including Saruul Bulgan, Secretary General of Mongolian National Chamber of Commerce and Industry (MNCCI) and Daryl Guppy, President of Northern Territory of Australia China Business Council (ACBC) were invited to attend theRoundtableConference. 54 trade and investment promotion agencies from 30 countries and regions along the Belt and Road, as well as 200 representatives from commercial sectors attended the conference. Daryl Guppy, President of Northern Territory of ACBC, speaking at the Roundtable Conference The Roundtable Conference was co-organized by China Council for the promotion of international trade (CCPIT), Shaanxi Provincial Government, China Chamber of International Commerce (CCOIC) and CCPIT Shaanxi Sub-Council. Hu Mingming, Vice Governor of Shaanxi Provinceand Zhang Shenfeng, Vice President of CCPIT attended the conference and delivered speechesrespectively.
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