China posts faster industrial growth

(THIS ARTICLE IS COURTESY OF THE SHANGHAI CHINA NEWS AGENCY ‘SHINE’)

 

China posts faster industrial growth

China’s economy posted steady growth in October with the industrial output enjoying a faster growth than September.

The value-added industrial output expanded 5.9 percent year on year in October, 0.1 percentage points faster than September, National Bureau of Statistics data showed yesterday.

On a monthly basis, output in October grew 0.48 percent from September, the bureau’s figures showed.

In the first 10 months of the year, industrial output rose 6.4 percent, flat with that for the first nine months.

Growth accelerated in most sectors last month. Twenty-five of the 41 main sectors grew faster than in September, accounting for 61 percent of the total. Among them, the electronics, iron and steel, gas supply industries maintained double-digit growth.

Output from the high-technology industry grew 12.4 percent in October, up 1.2 percentage points from September, and was 6.5 percentage points higher than the overall industrial output growth to account for 14 percent.

The strategic emerging industry also posted a year-on-year increase of 10.1 percent, which is 1.7 percentage points higher than last month, accounting for 19.1 percent in the overall figure, indicating optimization of the industrial structure.

“The industrial production continued to move up to medium and high ends,” said Liu Aihua, spokeswoman for the statistics bureau.

The service sector expanded 7.2 percent year on year in October, falling 0.1 percentage points from the previous month.

The information transmission, software and information technology service industry, and the leasing and business service sector increased by 35.7 percent and 8.6 percent, respectively, year on year.

The fixed-asset investment growth quickened to 5.7 percent year on year in the January-October period from 5.4 percent in the first three quarters, hitting a four-month high.

The country’s economic growth was operating within a reasonable range, and the trend for its long-term sound development remained unchanged, Liu said.

To ensure economic stability, China unveiled a flurry of policies that have paid off, she said.

Infrastructure investment posted a significant rebound to 3.7 percent year on year for the period from January to October, up from 3.3 percent in the first nine months, lifting the headline FAI figure by 0.8 percentage points. The pace of growth picked up for the first time this year.

Private-sector investment, which accounts for about 60 percent of the total fixed-asset investment, also expanded at a faster pace of 8.8 percent in the first 10 months, compared with an increase of 8.7 percent in the first three quarters.

“We believe that the momentum in infrastructure sector is likely to continue till the end of 2018,” said Australia and New Zealand Banking Group.

However, property investment continued to cool as the government maintained its tightening measures to curb speculation in the market. Property investment growth fell to 7.7 percent year on year in October from 8.9 percent in September, taking year-to-date growth down to 9.7 percent from 9.9 percent.

Growth of housing sales measured by floor area in October fell to the lowest in six months.

Looking ahead, both property and land transaction growth pointed to a further downside in property investment growth, analysts from China International Capital Corp said.

Retail sales growth slowed more than expected to 8.6 percent in October from 9.2 percent in September. It climbed 9.2 percent for the first 10 months.

Liu said the slower consumption growth was partly caused by the shift of Mid-Autumn Festival from October last year to September this year.

The country’s e-commerce giant Alibaba netted a record of 213.5 billion yuan (US$30.7 billion) in sales on Sunday, the Singles Day online shopping spree, exceeding the combined sales for Black Friday and Cyber Monday in the United States.

CICC analysts said the weak retail sales in October also reflected softer discretionary consumption demand. Auto sales, which take up around 10 percent of total retail sales, plunged 6.4 percent last month and became one of the major drags.

Liu warned about downward pressure on the economy. However, with inflation being mild, fiscal deficit ratio at a low level, the government’s debt ratio within a reasonable range and foreign exchange reserves being sufficient, the country has ample room to maneuver its macro-economic policies, she said.

Earlier data showed consumer prices rose 2.5 percent year on year in October, unchanged from the previous month. While on a month-on-month basis, the Consumer Price Index grew 0.2 percent, 0.5 percentage points slower than September.

By category, prices of food, tobacco and alcohol rose by 2.9 percent year on year, housing prices went up by 2.5 percent, and prices of transportation and communications increased 3.2 percent.

From January to October, CPI rose 2.1 percent from a year ago.

China announces roadmap for building stronger modern air force

(THIS ARTICLE IS COURTESY OF THE SHANGHAI CHINA ‘SHINE’ NEWS AGENCY)

 

China announces roadmap for building stronger modern air force

Xinhua

Xinhua

J-20 fighter jets are seen during the 12th China International Aviation and Aerospace Exhibition, also known as Airshow China 2018, in Zhuhai City, south China’s Guangdong Province, 11 November 2018.

The Chinese Air Force on Sunday announced a roadmap for building a stronger modern air force in three steps.

The building of a stronger modern air force is in line with the overall goal of building national defense and the armed forces, Lieutenant General Xu Anxiang, deputy commander of Chinese Air Force, said at a press conference on celebrating the 69th anniversary of the establishment of Chinese Air Force held in Zhuhai, south China’s Guangdong Province.

According to Xu, the first step is to, by 2020, build a strategic force that integrates aviation and space power, and strike and defense capabilities, in which the fourth generation of equipment serves as backbone and the third generation of equipment as mainstay. The systematic combat capabilities will be enhanced.

The second step requires the air force to improve strategic capabilities and modernize its theory, organizational structure, service personnel, and weaponry. The building of a modern and strategic air force will be basically completed by 2035, Xu said.

The third step will see the air force fully transformed into a world-class force by mid-21st century, according to Xu.

India among world leaders expected to push for China-backed trade deal excluding US

(THIS ARTICLE IS COURTESY OF THE INDIA NEWS PAPER THE HINDUSTAN TIMES)

 

India among world leaders expected to push for China-backed trade deal excluding US

World leaders, including China, Japan, India and other Asia-Pacific countries, will push for the rapid completion of a massive, China-backed trade deal that excludes the US at a summit this week, in a rebuke to rising protectionism and Donald Trump’s “America First” agenda.

WORLD Updated: Nov 11, 2018 11:22 IST

India,China,trade deal
Not only is the US absent from the deal, but Donald Trump is skipping the summit in Singapore.(NYT)

World leaders will push for the rapid completion of a massive, China-backed trade deal that excludes the US at a summit this week, in a rebuke to rising protectionism and Donald Trump’s “America First” agenda.

China, Japan, India and other Asia-Pacific countries could announce a broad agreement on the Regional Comprehensive Economic Partnership (RCEP), which covers half the world’s population, on the sidelines of the annual gathering.

Not only is the US absent from the deal, but Trump is skipping the summit in Singapore, highlighting how far he has pulled back from efforts to shape global trade rules and raising further questions about Washington’s commitment to Asia.

Trump launched his unilateralist trade policy with a bang shortly after coming to office by withdrawing from the Trans-Pacific Partnership, a deal spearheaded by predecessor Barack Obama that aimed to bind fast-growing Asian powers into an American-backed order to counter China.

His approach has left the floor open for Beijing to promote a rival pact it favours, the 16-member RCEP, a free trade deal which also aims to cut tariffs and integrate markets, but gives weaker protection in areas including employment and the environment.

The pact championed by Obama has been kept alive even without the US, and is due to go into force this year, but the Beijing-backed pact has now overtaken it as the world’s biggest.

Announcing in Singapore that talks for the deal — which formally began in 2012 — are mostly concluded would be “important as a symbol of Asia’s commitment to trade at a time of rising global tensions”, Deborah Elms, executive director of the Asian Trade Centre, told AFP.

US commitment questioned

She said negotiations in some areas were likely to continue into next year, however, while a diplomat attending the summit, speaking anonymously, said “substantial progress” had been made but there were still sticking points.

The gathering of 20 world leaders comes against a backdrop of a months-long trade dispute between China and the United States after Trump imposed tariffs on most Chinese imports this summer, and Beijing retaliated with its own levies.

The standoff is having an impact far beyond the US and China, and leaders at the four days of meetings that begin Monday will be keen to voice their grievances to Vice President Mike Pence, attending in Trump’s place, and Premier Li Keqiang.

Trump’s absence from the Singapore gathering and a subsequent meeting of world leaders in Papua New Guinea is even more notable given Obama, who launched a so-called “pivot to Asia” to direct more US economic and military resources to the region, was a regular participant.

Washington, however, argues that it remains committed to Asia, pointing to regular visits by top officials.

“We are fully engaged,” insisted Patrick Murphy, one of the State Department’s most senior Asia diplomats. “That is very sustained and has been enhanced under the current administration.”

Nukes, sea tension

Myanmar’s embattled leader Aung San Suu Kyi is attending the meetings, and will deliver a keynote address at a business forum Monday.

She may face criticism over a military crackdown on the Muslim Rohingya that saw hundreds of thousands flee to Bangladesh last year, and has sparked rare criticism of Myanmar from within regional bloc the Association of Southeast Asian Nations (ASEAN).

Also on the agenda will be North Korea’s nuclear programme. Trump and North Korean leader Kim Jong Un signed a vaguely worded agreement on denuclearisation at a historic summit in June, but progress has been slow since.

Pence will also keep on pressure on Beijing over its growing aggression in the South China Sea. China claims almost all the strategically vital waters, a source of friction with Southeast Asian states that have overlapping claims as well as the US, the traditionally dominant military power in the region.

Other leaders attending include Russian President Vladimir Putin and Japanese Prime Minister Shinzo Abe.

But much of the focus will be on the RCEP as leaders seek to send a message in support of free trade. The deal groups the 10 ASEAN members plus China, India, Japan, South Korea, Australia and New Zealand.

World leaders “should present a united front advancing trade liberalisation in (the Asia-Pacific) despite global headwinds to trade from the rising tide of global protectionism,” Rajiv Biswas, chief regional economist at IHS Markit, told AFP.

First Published: Nov 11, 2018 11:21 IST

The Raman Singh government in Chhattisgarh had made the state “almost free” of Maoism

(THIS ARTICLE IS COURTESY OF THE HINDUSTAN TIMES OF INDIA)

 

Some people believe Maoism is a medium for revolution, Amit Shah’s dig at Congress

The Raman Singh government in Chhattisgarh had made the state “almost free” of Maoism and developed it as a hub of power and cement production, BJP president Amit Shah said on Saturday.

CHHATTISGARH ELECTIONS 2018 Updated: Nov 10, 2018 15:36 IST

Chhattisgarh Election 2018,Chhattisgarh Election 2018 News,Chhattisgarh Constituency
Amit Shah exuded confidence that the BJP would win this month’s Assembly polls in the state for the fourth straight time.

The Raman Singh government in Chhattisgarh had made the state “almost free” of Maoism and developed it as a hub of power and cement production, BJP president Amit Shah said on Saturday.

Targeting the opposition Congress, he said a party that felt Maoism was a medium for revolution could not do any good for Chhattisgarh. Shah exuded confidence that the Bharatiya Janata Party (BJP) would win this month’s Assembly polls in the state for the fourth straight time.

Addressing a press conference in Raipur after releasing his party’s manifesto ahead of the first phase of polling on November 12, Shah said, “The BJP government under chief minister Raman Singh has contained Maoism and made the state almost free of it.”

Earlier known as a BIMARU state, Chhattisgarh was now a “power and cement production hub”, he said, and lauded the Raman Singh government for initiating several welfare measures for the state’s prosperity.

“Taking on the Congress’s propaganda and working tirelessly for the state’s development for the last 15 years is a big challenge. I am confident that the BJP will win a straight fourth term in office,” Shah said.

The state government had initiated several welfare measures and made the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) scheme corruption-free, he added.

Read more

The 90-member Chhattisgarh Assembly will go to the polls in two phases — on November 12 and 20 — and the results will be announced on December 11.

First Published: Nov 10, 2018 14:43 IST

U.N.: Grow Some Balls, Expel Communists China’s Government From U.N. Right Now

U.N.: Grow Some Balls, Expel Communists China’s Government From The U.N. Right Now 

 

This article to you tonight is one I have been thinking about writing for a couple of weeks but because of the length I knew it would be I have avoided taking the time to write it. First I want to let you know that I got a lot of the information for this article from the New York Times so I want to make sure to credit them. Also, a lot of this information is simply garnered from all of the years of taking history classes in high school and in college. There is another point that I want to make clear to folks about how I feel/believe about the “People’s Republic of China” or the ‘PRC.’ for the purpose of this article I will refer to the Communists murderers in Beijing as the rulers of the Mainland. My personal opinion and belief is that Taiwan’s government, the “Republic of China” is the real legal government of all of China, not just the Taiwan Island.

 

The PRC is a leading member of the U.N., they also sit as one of the 5 permanent member seats of the Security Council. Up until 1950 the ROC was a founding member of the U.N. and had a seat on the Security Council. In 1950 the balless wonders at the U.N. not only removed the rightful government of the Chinese people from the Council they removed them as a member State and they demoted them to an “Observer State.” If you are a person who has not been paying attention to the blatant aggression of the PRC government through their President Xi Jinping, you need to, everyone on the planet does. The following is information on some of the reasons that I made that statement and is some of the reasons that I have decided to take the time to write this article to you.

 

July 12th of 2016, the Communist government of Mainland China totally told the U.N. and the rest of the world to go  F–k themselves. On that day the World Court which is through the U.N. made a ruling concerning the PRC’s blatant aggression in the South China Sea. The PRC was told to quit their activities of aggression toward their neighbors and the rest of the world. The Communist government of the Mainland told the U.N. and the World Court that they “did not recognize the authority of the U.N or of the World Court.” So, the question I have for you, and to the U.N. is, if they refuse to recognize the authority of the World Court and the U.N. then why in the bleep has the U.N. not removed these murderers both from the Security Council and from the U.N. itself? Why on earth would the balless wonders who run the U.N. allow the PRC to remain on the Security Council where they have Veto Power to cancel out all of the good things that the rest of the world is trying to accomplish? This makes no sense, it is totally stupid. The only thing that I can think of is, they are cowards! If the U.N. cared about the world in general they would remove the PRC from the Council, and reinstate the ROC (Republic Of China/Taiwan) to its rightful position in the U.N. and on the Security Council. Also, they should lower the PRC to the position that the ROC has now, only as an Observer State and if the PRC chooses to balk at that then they should be removed from the U.N. all together.

 

July 12th, 2016. The International Tribunal at the Hague delivered a sweeping rebuke of the PRC and their actions in the South China Sea which includes the construction of artificial islands. The Court also ruled that their expansive claim to sovereignty over the air and sea has no legal basis. The PRC could have been and should have been named as an “International Outlaw.” This was the first time that the PRC has ever been summoned before the International Justice System. The PRC claims that they have “Historical rights over almost all of the South China Sea,” basically about 90% of it. The International Court disagrees and they sided with their neighbors who brought the suit against them. The International Court also said that the PRC violated International Law by causing “irreparable harm” to the marine environment, endangering Philippine ships and interfering with Philippine oil exploration. Globally the rulings of the International Court are binding but the problem is that there is no system in place to physically enforce the law. At the very least the U.N. does have the authority to require all UN member nations to totally and completely boycott all imports and exports into and out of the PRC Mainland. The PRC obviously knew that they were going to lose this court battle so they didn’t even bother to send a low-level representative to the Court. They also made it very clear to the U.N. before the litigation began that they would not abide by the Court’s ruling.  The countries that brought the complaint to the Court were the Philippines, Brunei, Indonesia, Malaysia, Taiwan and Vietnam.

 

Speaking at a meeting of European Leaders the PRC President Mr. Xi Jingping was defiant in his claims about them having sovereignty over the South China Sea since “Ancient Times.” Since the ruling the PRC has accelerated their aggression in the South China Sea trade routes, fishing waters as well as stealing the oil and other mineral rights of their neighboring. The PRC has built a large artificial island upon an atoll known as Mischief Reef. They have built a large military airstrip and Naval births there even thought the World Court ruled that this was in Philippine National waters. The PRC claims what they call the “nine-dash-line” which encircles 90% of the South China Sea, the area we are talking about here is equivalent to the size of Mexico. The Philippines had asked the International Court to rule against the PRC because the PRC is in violation of the U.N. Convention on the “Law Of The Sea” which both the PRC and the Philippines signed and ratified as being valid.

 

The International Court also ruled that several disputed rocks and reefs in the South China Sea were too small to claim control of economic activities in the waters around them. As a result the Court ruled that the PRC was engaging in unlawful behaviour in the Philippines waters including activities that have made the dispute worse. This is no light matter, think about what the PRC is trying to do. They say they control all shipments of goods into and out of all of these Nations. They are saying that they control all air routes into and out of all of these Nations that would go into or over the South China Sea. If these illegal actions are not forcibly stopped right now the PRC will be able to totally control and or totally tank every Nation’s economy not just in the region but in the world. At the very least the PRC is quickly becoming capable of charging every ship and every plane a toll of their own chosen level, they can do anything they choose to any nation or people. The whole world, the U.N. must grow a set of Balls and stand up against the PRC in every possible way, right now, for if not, we will all soon be needing to learn how to speak Mandarin Chinese. If you have paid any attention the Communist PRC isn’t even the Legal Government Of China, the Legal Government is the ROC (Republic of China) which at this time resides on the Island of Taiwan. These mass murderers killed ten of millions of China’s people when they forced themselves onto the Mainland population. The first Leader of the PRC was Chairman Mao and during the 1950’s he murdered tens of millions if not a few hundred million of the Chinese people via starvation. You may ask, what that has to do with now and that is a fair question. The answer is that the President for life of the PRC, Mr. Xi Jinping is a devout student, believer and follower of Chairman Mao. Wake up world, grow some Balls U.N. or soon you will not exist any longer.

 

 

 

China Is Now Dominate In World Tourism By Land, Air And Sea

(THIS ARTICLE IS COURTESY OF SHANGHAI CHINA’S SHINE NEWS AGENCY)

 

Cruising through a stretch of rough seas

SHINE

Shanghai Wusongkou International Cruise Terminal in Baoshan District

By land, by air and now by sea, the Chinese have come to dominate world tourism. Cruise lines are now capitalizing on that travel bug, despite some rough seas this year.

“China’s cruise industry is on the cusp of rapid growth that has enormous potential,” said Wang Younong, chairman of the Shanghai Wusongkou International Cruise Terminal.

Last year, 18 cruise vessels were operating out of Chinese ports, carrying 2.4 million Chinese passengers. That was up from four vessels and 200,000 passengers in 2012.

Numbers, however, are expected to decrease to 14 vessels and 2 million passengers next year.

Royal Caribbean Cruise Ltd, the second-largest cruise line worldwide, will operate its Spectrum of the Sea and Oasis of the Seas liners in China in the near future. Spectrum of the Seas will be the biggest and most expensive cruise ship in Asia, with industry cutting-edge technologies.

Costa Cruises, an arm of US-based Carnival Corp, plans to bring two tailor-made ships in 2019 and 2020 to China, according to Mario Zanetti, president of Costa Group Asia. The company introduced cruising to China in 2006 and currently holds 26 percent of China’s cruise market.

MSC Cruise, the industry leader in the Mediterranean, South Africa and Brazil, will operate its MSC Bellissima, a cruise ship featuring rich entertainment, in China, and Genting Group will deploy two 204,000-ton cruise ships that can accommodate 9,500 passengers at the Shanghai port in 2021.

The commitments to the China market may be impressive, but there is an underside to the glowing prospects.

US-based Norwegian Cruise Line, a service with a history of more than 50 years, announced that it is withdrawing Norwegian Joy — the first-class cruise ship tailor-made for Chinese passengers — from the market after one year of operation here.

Cheng Juehao, deputy professor at the Shanghai Maritime University and deputy head of the Shanghai International Shipping Institute Cruise Economy Research Center, said some cruise companies may have miscalculated in their strategies for the China market.

“The Chinese cruise market saw soaring growth of similar products by almost all global cruise operators trying to expand their business here,” Cheng said. “In order to compete with each other, ticket prices nose-dived from 20 percent higher than sophisticated markets such as Europe and the United States, to between 30 percent and 40 percent lower.”

Low ticket prices are the results of sales channels, according to Ye Peng, vice director of sales for Costa.

In China, 90 percent of tickets are sold through cruise agents, who buy up all the berths on a ship and then redistribute tickets by various channels. However, in Western markets, 30 percent of tickets are sold through direct sales by cruise lines.

In China, travel agents make only about 6 percent profit from sales of cruise tickets, a much lower percentage than with other travel products.

As a result, some operators are finding it difficult to remain profitable, and the customer experience is being sacrificed to low expenditure.

SHINE

Costa Cruises, an arm of US-based Carnival Corp, entered the Chinese market in 2006 and currently holds 26 percent of the nation’s cruise market.

Industry officials in China said competition is undercutting business performance in the market. Only operators who improve the quality of cruises and cater to the needs of passengers will come out on top.

Zhang Zhendong, general manager of Tianjin International Cruise Home Port, said China’s cruise industry is in a period of transition.

“In 2017, the market entered adjustment phrase that will last until 2020,” he said. “That will be followed by a 10-year golden age of cruising. Next year may see a temporary trough in the market. However, the market is 10 times larger now than it was in 2012, and the compound growth rate is almost 30 percent, which is rare in the world.”

Roger Chen, chairman in China for Carnival Corp, said his company remains upbeat on the China cruise market.

“We are here to stay in China,” said Chen, speaking at the 13th China Cruise Shipping Conference and International Expo in Shenzhen earlier this month.

Market fluctuations this year are a bit exaggerated, he said, and it’s natural for any industry to have adjustment periods.

“We are collaborating with China State Shipbuilding Corp to build the largest made-in-China vessel as part of a joint venture, and we will operate this vessel in the Chinese market,” Chen added.

Costa China’s Ye said his company needs to advertise cruises as a lifestyle and spend time and effort building and differentiating its brands.

“When Chinese passengers leave the cruise vessels,” he said, “they often don’t even know the ship’s name. We have to work on the branding of the vessel and providing diversified choices.”

Underdeveloped African nations get a go at the China market

(THIS ARTICLE IS COURTESY OF SHANGHAI CHINA’S SHINE NEWS AGENCY)

 

Underdeveloped African nations get a go at the China market

China International Import Expo

Dong Jun / SHINE

Visitors to the import expo check out the pavilions of African countries.

South Sudanese businessman Kuyu Dhel picked up a few Chinese phrases as he manned a stall at the first China International Import Expo.

Bu neng chi, or “not edible,” were the words he uttered most frequently, he said, as Chinese visitors perusing his stand of nuts, dried flowers and sorghum puzzled over gum in small, irregularly shaped blocks.

They were looking at gum Arabic, which is a natural gum made from the hardened sap of two species of acacia trees. Translated from Arabic to Chinese, it’s called a la bo jiao. Dhel tried to explain to curious visitors that the gum is used as a food stabilizer.

Dhel’s business card lists him as a consultant for Ramciel Multipurpose Co-operative Society, and the company’s address is on Chinese Friendship Hospital Road. The company’s presence at expo is all down to the Chinese government.

“The Ministry of Commerce helped facilitate everything including a free booth,” Dhel told Shanghai Daily at his busy booth. “To the best of my knowledge, we are the first South Sudanese to come tapping on China’s door for a new market.”

President Xi Jinping said two months ago that the least developed African countries would be exempt from exhibition fees. He also pledged to increase China’s imports from the region, especially non-resource products.

The United Nations lists South Sudan as one of the 47 least developed countries, based on factors such as gross per capita national income and adult literacy. According to China National Radio, about 30 of the 47 countries on the list are participating at expo, many from Africa.

“The expo has built a very good platform for companies around the world, including those from Senegal,” said Alioune Sarr, Senegal’s minister of trade, consumer affairs and medium-sized enterprises.

He also praised China’s decision to focus on further opening up its markets to foreign goods and services.

Senegal and Ethiopia, both on the list of least developed countries, have national pavilions displaying specialty goods. Underdeveloped countries are mostly in the agricultural and food halls, offering products like tea, coffee, cocoa and grains. African nations have also brought along colorful handicrafts, fabrics, gems and diamonds.

China has been Africa’s largest trading partner for nine consecutive years. By the end of 2017, the value of that trade was US$170 billion, 17-fold higher than that in 2000. Growth is expected to remain in double digits for the next five to 10 years.

Qian Keming, China’s deputy minister of commerce, told a media group in August that China exempts from duties about 97 percent of products from 33 less developed African countries.

When at home, Dhel watches the China Global Television Network (CGTN) program “Africa Live,” where he first learned about the import expo.

“President Xi’s idea of having this import fair in Shanghai is just great because this city has long been a commercial center,” he said.

Dhel, who speaks seven languages, studied and worked in Germany and traveled around Europe before returning to South Sudan to work on Ramciel food imports from Dubai, Kenya and Uganda.

“Our agricultural industry is new, but it is quickly growing,” he said of the young nation.

“I always thought of visiting China in terms of climbing the Great Wall, never thought of doing business here,” he said. “So many Chinese buyers have expressed interest in our products, and some were eager to do deals on the spot.”

He added, “I have been making observations and absorbing so that I can go home and digest all the information that will be useful for our business and for those companies that follow us into China.”

Dong Jun / SHINE

Zheng Qijun, a representative from a small private trading company in Guizhou discusses details of a purchase of nuts with South Sudanese businessman Franco Yousif Dobu.

Dong Jun / SHINE

The gum Arabic brought by Sudanese, which is a natural gum made from the hardened sap of two species of acacia trees.

Dhel’s colleague at expo, Ramciel Managing Director Franco Yousif Dobu, thinks it is also a good platform for Chinese traders.

“China has big opportunities for business with African countries,” he said. “Previously, people wanted to sell to America the most, but now many regard the China market on par with America.”

A Chinese buyer was eyeing Ramciel’s sample of nuts for sale as Dobu talked with Shanghai Daily. The two men quickly got into a serious business discussion, with the Chinese buyer expressing interest in purchasing one or two containers of the nuts. They discussed details of a letter of credit and transport through Mombasa port of Kenya.

“I have bought African products before because they are not genetically modified, but all through other traders,” said Zheng Qijun, who identified himself as a representative from a small private trading company in Guizhou. “I want to take advantage of this expo to see whether I can make some contacts and start some direct purchases.”

Zheng also got curious about gum Arabic. The South Sudanese explained to him that it is an African product that got its name from old Arabic merchants who were the first sell it globally.

Dhel asked Shanghai Daily, “What is tao jiao (peach gum)? Why are all the Chinese visitors asking me if gum Arabic is tao jiao?”

As the journalist explained that many Chinese women eat peach gum regularly as a beauty treatment, Dhel’s eyes lit up at a possible new business opportunity.

“I need to go back and see what we have,” he said.

Dong Jun / SHINE

Zambian participants bring high-quality gems to the expo.

Singapore, China conclude talks to upgrade free trade agreement

(THIS ARTICLE IS COURTESY OF CNA NEWS)

 

Singapore, China conclude talks to upgrade free trade agreement

 

Singapore, China conclude talks to upgrade FTA

Trade and Industry Minister Chan Chun Sing (left) with Chinese Vice Minister of Commerce and China International Trade Representative Fu Ziying. (Photo: MTI)

SHANGHAI: Singapore and China have concluded talks to upgrade the China-Singapore Free Trade Agreement (CSFTA), Singapore’s Ministry of Trade and Industry (MTI) said in a statement on Monday (Nov 5).

This was announced following a meeting between Singapore’s Trade and Industry Minister Chan Chun Sing and Fu Ziying, who is China’s Vice Minister of Commerce and the China International Trade Representative, on Monday. The meeting took place on the sidelines of the China International Import Expo.

Under the current CSFTA, there are no tariffs on 95 per cent of Singapore’s exports to China, while there are no tariffs on all Chinese exports to Singapore.

The upgraded CSFTA is expected to provide Singapore businesses with greater trade facilitation and investment protection in China.

It is also expected to provide Singapore businesses with improved market access and will cover cooperation in new areas, including legal and financial services, e-commerce and the environment.

Mr Chan said this development marks “an important step forward” for bilateral economic relations between Singapore and China.

“The upgrade signals our joint commitment towards greater economic collaboration and trade liberalisation. Singapore businesses can expect to enjoy greater access to the vast Chinese market and greater certainty in their investments when the upgraded CSFTA takes effect,” he said.

image: data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==

Singapore, China conclude talks to upgrade FTA

Minister for Trade and Industry Chan Chun Sing (right) and Chinese Vice Minister of Commerce and China International Trade Representative Fu Ziying meeting at the inaugural China International Import Exposition in Shanghai. (Photo: MTI)

The CSFTA was the Chinese government’s first such agreement with an Asian country.

Talks to upgrade the FTA, which entered into force in January 2009, have been three years in the making. They began after Chinese President Xi Jinping visited Singapore in November 2015.

In September, Singapore Deputy Prime Minister Teo Chee Hean had said that the signing of the upgraded pact is expected when Chinese Premier Li Keqiang visits Singapore for the ASEAN Summit next week.

READ: China-Singapore trade agreement upgrade to be concluded by year-end

Singapore and China enjoy close economic ties, with total bilateral trade between the two countries reaching S$137.1 billion in 2017.

China was Singapore’s largest trading partner, while Singapore was China’s largest foreign investor for the fifth consecutive year since 2013.

More than a third of outward investments related to China’s Belt and Road Initiative flows through Singapore.

Source: CNA/nh(ra)

 

China to help Pakistan avert fiscal crisis: One Demon Bailing Out Another: For A Price

(THIS ARTICLE IS COURTESY OF AL-JAZEERA NEWS AGENCY)

 

China to help Pakistan avert fiscal crisis, ‘more talks needed’

Pakistan’s foreign reserves have dwindled, causing PM Khan to decry the financial situation he inherited.

The last time Pakistan received an IMF bailout was in 2013, when it received $6.6bn [Jason Lee/Reuters]
The last time Pakistan received an IMF bailout was in 2013, when it received $6.6bn [Jason Lee/Reuters]

China is willing to provide Pakistan with economic aid to help it deal with its deteriorating finances but more discussions are needed on the details, according to a top Chinese diplomat.

The comments on Saturday by Vice Foreign Minister Kong Xuanyou came after a meeting in Beijing between Chinese Premier Li Keqiang and new Pakistani Prime Minister Imran Khan.

Pakistan’s foreign reserves have plunged 42 percent since the start of the year and now stand at about eight billion dollars, or less than two months of import cover.

Late last month, Saudi Arabia pledged to give Pakistan a six billion dollars rescue package, but officials say it is not enough and the country still plans to seek a bailout from the IMF to avert a balance of payments crisis.

It would be Pakistan’s 13th rescue package from the multilateral lender since the late 1980s.

Speaking to reporters in Beijing’s Great Hall of the People following Khan’s talks with Li, Kong said his country would help.

“During the visit, the two sides have made it clear in principle that the Chinese government will provide necessary support and assistance to Pakistan in tiding over the current economic difficulties,” Kong said.

“As for specific measures to be taken, the relevant authorities of the two sides will have detailed discussions,” he added, without giving details.

Pakistan’s fiscal crisis partly comes from limited restraints on spending and a failure to institute genuine tax reform [Akhtar Soomro/Reuters]

Khan, whose party swept Pakistan’s July elections, told Chinese President Xi Jinping the previous day that he had inherited “a very difficult economic situation” at home.

Though China is Pakistan’s closest ally, Khan’s newly elected government has sought to re-think the two countries’ signature project, the $60bn China-Pakistan Economic Corridor (CPEC), which Beijing touts as the flagship infrastructure programme in its vast Belt and Road Initiative.

Pakistan has looked to amend CPEC to put greater emphasis on projects that focus on social development, rather than purely on infrastructure.

In his meeting with Li, Khan invited the Chinese premier to visit Pakistan and see for himself the difference the megaproject has made in the country.

“CPEC in 2013 was just an idea. Now, it is on the ground. And it has caught the imagination of the people of Pakistan,” he said.

“We feel that this a great opportunity for our country to progress, to attract investment. It gives us an opportunity to raise our standard of living, growth rate.”

For his part, Li praised the relationship, saying “China and Pakistan are all-weather partners.”

Commenting on CPEC, Kong said there were no plans to scale back the economic corridor, but he added that it would be altered somewhat to “tilt in favour of areas relating to people’s lives”.

Meanwhile, Khan’s office said in a statement that the two governments had signed a number of agreements and memoranda of understanding in the fields of agriculture, poverty reduction, forestry, law enforcement and socioeconomic development.

A history of the IMF

EMPIRE

A history of the IMF

SOURCE: AL JAZEERA AND NEWS AGENCIES

There Is Only One China: And That Is The Republic Of China (Taiwan)

There Is Only One China And That Is The Republic Of China (Taiwan)

 

The communist government that resides on the mainland is not the legal government of China! The Communists leadership which holds the billion plus people, civilians, men, women and children at the point of a gun is not the legal government of the Nation of China and they never have been, they are nothing but murderers and thieves. Archeologist tell us that there have been humans on the mainland for a little over two million years. The first Dynasties were the XIA,  then the Shang, then the Zhou. The first unified government was during the Qin Dynasty and it was these people who sat up the position of Emperor.

 

The Han Dynasty (206 B.C. through 220 A.D.) greatly expanded their territory through their military campaigns. Countries they took over were parts of Korea, Vietnam, Mongolia as well as punching out a strong foothold deep into central Asia. It is during this time frame that the Chinese government helped establish what became known as ‘the Silk Road’. In the year 1271 A.D. the 5th Khagan of the Mongols established the Yuan Dynasty, in 1368 it ended. In 1368 a peasant revolt led by a man named Zhu Yuanzhang ended the Mongol reign.  At this time they sat up the Ming Dynasty which lasted until 1544. They established the Qing Dynasty and during that war it is believed that 25 million people were killed. The Quing Dynasty lasted until the year 1912 and they were the last Dynasty, up until a man named Xi Jinping assumed the office of President about six years ago.

 

During the 1800’s the government of China took a defensive view toward Europe and their tendencies to colonise other Nations, this stunk of hypocrisy though being the Chinese government was doing the same exact thing themselves. Yet it is to the credit of the Chinese leaders of the early 19th century that they realized that there was a world that was much bigger than China and that they had no control of that reality. From 1851-1873 China and Great Britain fought two wars which became known as the Opium Wars. During these wars it is estimated that 200 million Chinese people died.

 

On January 1st of 1912 the ‘Republic of China’ was established which ended a 2,000 year reign of Imperial Rulers. In 1937 Japan attacked the people of China and this war cost the Nation of China another ten million people before it ended in 1945. After WWII had ended the Communists took advantage of the weakened state of the legitimate government of China forcing a Civil War on the Nation. In 1947 the real government of China, the ROC, were able to set up Constitutional Rule but the Communists ignored the will of the people killing many millions more civilians until they were able to push the ROC Government onto the Island of Taiwan in 1949. The two sides kept fighting until 1950 though no Truce was ever signed. There are two things that I am going to leave you with tonight about the Communist mass murderers on the mainland, one is that the founder of modern-day Chinese Communist Party was Chairman Mao and he was directly responsible for the deaths of several hundred million of his own people. Two, President Xi Jinping is a devout follower of Chairman Mao.