Issue 335 - 25.05.2023
05.06.2023

China-Central Asia summit injects vitality into regional economies

Chinese President Xi Jinping on Friday charted the course for China-Central Asia cooperation, calling for strengthening cooperation in various areas including industry and investment, enhancing connectivity and building energy development partnership with Central Asian countries. Meanwhile, the Chinese President also called for joint efforts to oppose external attempts to interfere in domestic affairs of regional countries and instigate "colour revolutions" in the region, the Global Times reports

Experts hailed the summit as achieving a great success, as it has institutionalized top-level exchanges between leaders from China and the five Central Asian countries, created plentiful cooperation mechanisms that are set to release great cooperation potential between China and Central Asian countries, and reinforced security cooperation, which also demonstrated elevated political mutual trust between both sides. China and Central Asian countries have set a paragon  for regional cooperation and would inject much-needed positive energy into the world's peace, stability and development, they said.   

Rejecting foreign media's hyping of Russia-China competition in this region, experts said as external forces shored up their interference in Central Asia, China's enhanced cooperation with Central Asia benefits Russia and the region, and some foreign media's attempts to sow discord are futile as cooperations between the three sides are complementary, and there is no contradiction in China and Russia's cooperation with Central Asia. 

The China-Central Asia Summit, which ran from Thursday to Friday in Xi'an, was attended by President Kassym-Jomart Tokayev of Kazakhstan, President Sadyr Japarov of Kyrgyzstan, President Emomali Rahmon of Tajikistan, President Serdar Berdimuhamedov of Turkmenistan and President Shavkat Mirziyoyev of Uzbekistan.

During the event, China and the five Central Asian countries signed seven bilateral and multilateral documents, including the Xi'an Declaration of the China-Central Asia Summit and the List of Outcomes of the China- Central Asia Summit.

In his keynote address, Xi made an eight-point proposal ranging from expanding economic ties to strengthening cultural exchanges and safeguarding regional peace. Moreover, Xi and the leaders of the five Central Asian countries announced on Friday the official establishment of the China-Central Asia Summit Mechanism. China and Central Asian countries will take turns to host the biennial summit and  the next summit will be held in Kazakhstan in 2025. The leaders also agreed to establish a permanent secretariat of the mechanism in China.

The proposals also included establishing meeting and dialogue mechanisms in industry and investment, agriculture, transportation, emergency management, education, and political party affairs; building a China-Central Asia energy development partnership, and accelerating the construction of Line D of the China-Central Asia natural gas pipeline.

Moreover, to enhance connectivity, Xi said China will boost cross-border freight volumes, support the construction of a cross-Caspian Sea international transport corridor, accelerate the upgrading of ports, develop China-Europe freight train hubs, and encourage businesses to build overseas warehouses in Central Asian countries. 

Deepening connectivity is an important impetus for China and the Central Asian region to enhance their economic development and capabilities. At the same time, it will have a series of economic amplification effects, which will strengthen the connection between Central Asian countries and South Asia, West Asia, the Caucasus countries as well as Europe, thus expanding cooperation and investment with other regions, Zhu Yongbiao, executive director of the Research Center for the Belt and Road at Lanzhou University, told the Global Times on Friday.

Before the summit was convened, officials from the Civil Aviation Administration of China said it was holding discussions with the five Central Asian countries and preparing to sign a Memorandum of Understanding to jointly develop an Air Silk Road." China and Kazakhstan are building a third railway on the border between the two countries due to increased rail transport demand, Kazakhstan's ambassador to China Shakhrat Nuryshev said in 2022. 

The Central Asia-to-China gas pipeline, constructed and operated by the Sino-Pipeline International arm of the CNPC, began operations with Line A in 2009, Line B in 2010, and Line C in 2014, and has a combined transport capacity of 55 billion cubic meters per year. The three lines run in parallel, and zigzag across 1,833 kilometers from Uzbekistan and Kazakhstan to northwest China.

Amid an unstable international energy market and volatile energy prices, a stable and integrated energy partnership is of positive significance for both sides, and is important to safeguarding bilateral industrial security and energy security, and also makes a vital contribution to stabilizing the international energy market, Zhu noted.

Xi said it is important to act on the Global Security Initiative, and stand firm against external attempts to interfere in the domestic affairs of regional countries or instigate color revolutions. The countries should maintain a zero-tolerance approach to the three forces of terrorism, separatism and extremism, and strive to resolve security conundrums in the region.

He said that China is ready to help Central Asian countries improve their law enforcement, security, and defense capacity building in an effort to safeguard regional peace. Efforts should also be made to make good use of the mechanism of coordination among Afghanistan's neighbors and jointly promote peace and reconstruction in the country.

China has a long tradition of cooperating with Central Asian countries on security, and stressing these issues at the milestone summit highlighted that China and those countries share a high level of consensus on those topics, Yang Jin, an associate research fellow at the Institute of Russian, Eastern European and Central Asian Studies at the Chinese Academy of Social Sciences, told the Global Times.

Due to interference from external forces, Central Asian countries witnessed a slew of turbulent incidents in recent years, said Yang, citing the social unrest in Kazakhstan in January 2022. 

Vowing to enhance cooperation in security and defense also shows that political mutual trust is enhanced between China and Central Asian countries, said experts.

Bloomberg published an article on Friday highlighting China's pledge to strengthen security cooperation with Central Asian countries, saying it demonstrated Beijing's increasingly senior position in its ties with Russia. Russia is also a traditional collaborator with Central Asia in the security field.

Yang said that China enhancing security ties with Central Asia benefits Russia, as the latter is preoccupied with the conflict in Ukraine. As external forces upped the ante in interfering with Central Asia, enhanced cooperation between China and those countries helped to foster stability in the region and prevent color revolutions, which is in line with Russia's interests. 

Reuters reported on Friday that the summit taking place on Chinese soil without Russian President Vladimir Putin attending also ostensibly pulls Central Asia closer to the Chinese sphere of influence, as Moscow's focus remains locked on the conflict with Ukraine.

Chinese observers called such hype as "typical tricks" used by Western media to sow discord between China, Russia and Central Asia. 

Whether it is at a bilateral or multilateral level, China's ties with Russia and Central Asian countries are steadily developing, and Russia holds a positive attitude to China's cooperation with Central Asian countries and is attaching growing importance to China's positive role in pushing prosperity and stability in Central Asia, Zhao Huirong, an Eastern European studies expert from the Chinese Academy of Social Sciences, told the Global Times.

Cooperation between China, Russia and Central Asia is a process of mutual engagement, and not spearheaded by any one country, said Zhao. She noted that such cooperation is based on each others' interests, with an eye on long-term development. "For Central Asian countries, they stick to diverse diplomacy; they wish to cooperate closely with China and maintain friendly relations with Russia, there's no contradiction in such motivations," said Zhao. 

Experts said that both China and Russia have already established mature cooperation mechanisms in Central Asia, thus against the backdrop of the US trying to gain influence in the region, China's reinforcing cooperation with those countries is in line with Russia's interests. 

In Japan, in another summit being held between May 19 and 21, G7 leaders seek to hammer out a unified response to so-called Chinese "economic coercion." New York Times described the China-Central Asia Summit as China's effort to counter "a US-dominated world order that is trying to contain and suppress China."

Wang Xiaoquan, an expert from the Institute of Russian, East European and Central Asian Studies at the Chinese Academy of Social Sciences, opined that the convening of the China-Central Asia Summit was not deliberately scheduled to overlap with G7, as a high-level leaders' summit requires a long time to prepare in advance, but the two summits, held at approximately the same time and fairly close to each other, send "meaningful signals" to the world. 

In an interview with media on Friday, Chinese State Councilor and Foreign Minister Qin Gang said that China's cooperation with Central Asian countries does not target any third party, is not constrained by a third party, does not seek to form small cliques that exclude others, and opposes bloc politics and Cold War confrontation. Qin said that such cooperation stands on the right side of history and on the side of civilization, and will stand with the international community against global challenges, and promote peace as well as development.

G7 focuses on discussing domination of the world order and monopoly of the global economy, while China and Central Asian countries, all developing countries, seek to build a fairer and more rational world order, said Wang. 

On Friday, Chinese President Xi Jinping and the heads of five Central Asian countries planted six pomegranate trees after the China-Central Asia Summit. This symbolizes close solidarity and cooperation between the two sides and reflects the expectations of a better future for China-Central Asia relations. The vibrant China-Central Asia cooperation is setting off rapidly once again from the starting point of the ancient Silk Road.

From any perspective, the first China-Central Asia Summit is a "new historic milestone." During the event, China and the five Central Asian countries signed seven bilateral and multilateral documents, including the Xi'an Declaration of the China-Central Asia Summit and the List of Outcomes of the China-Central Asia Summit. They also signed more than 100 cooperation agreements in various fields.

The summit has been fruitful, with substantial content and unprecedented influence, which will obviously promote peace and stability in the region and the world. At the same time, it is a new paradigm of solidarity and self-improvement for developing countries, and its attraction will prove strong for most developing countries in the world.

In his keynote speech at the summit, Xi put forward four visions of what kind of Central Asia the world needs, four principles for building a China-Central Asia community with a shared future, and eight proposals for developing bilateral cooperation. This is also the first time since the new era that China's top leader has completely, intensively and systematically elaborated his foreign policy on Central Asia to the international community.

It is easy to see that the consistent philosophy of China's foreign policy has been to achieve common development and prosperity through unity and industriousness based on the premise of high respect for each other's sovereignty, independence, territorial integrity and national dignity. Xi's speech was highly endorsed and received a warm response from the heads of Central Asian countries, illustrating that this summit is a mutually beneficial and win-win event.

What has caused the strongest resonance during the summit is "common destiny." The building of a China-Central Asia community with a shared future was formally written in the Xi'an Declaration. China has also announced building a community with a shared future with five Central Asian countries at the bilateral level, which is the first time that the concept of a community with a shared future has been fully implemented at the multilateral and bilateral levels in the region.

The summit was able to establish an extensive and pragmatic series of programs and action plans, and with its solid operability, this has been unanimously accepted and recognized by all parties. This is ultimately because of the strong consensus of "sharing a common destiny." The concept of a community with a shared future brings together these countries with different fundamental national conditions and provides a lasting and stable guarantee for their cooperation. This is what truly like-minded partners look like.

Some analysts believe that almost all the cooperation between China and Central Asian countries is based on regional mutual benefits rather than zero-sum games, which is a major reason behind the fruitful outcomes. The Central Asian region itself is a late bloomer in terms of globalization and regional integration. Moreover, it has long suffered from foreign intervention, such as "color revolutions." What it needs most are partners who promote cooperation without selfish motives. China genuinely seeks development and cooperation and respects regional countries' sovereign status and autonomous integration processes. This has already been proven through China's collaborations with other countries and regions.

As Xi stated in his keynote speech, the world needs a stable, prosperous, harmonious, and interconnected Central Asia, and China will be its strongest supporter. Some foreign media outlets falsely claimed that the summit "reflected Beijing's efforts to develop trade and security networks centered on China." If there is any center, it is a trade and security network centered around common development and universal security. If we have to describe the relationship between China and Central Asian countries, an apt and vivid metaphor would be the six countries are united closely like pomegranate seeds. 

Particularly, Central Asian countries are landlocked, which used to be one of the biggest constraints to their economic development. However, through cooperation with China, this geographical disadvantage has been transformed into a golden gateway connecting Europe and East Asia, turning their weakness into an advantage.

It is worth emphasizing that this summit has laid the foundation and comprehensive framework for China-Central Asia mechanisms, marking a new, open-ended starting point. China's cooperation with any country is not exclusive. We hope that local prosperity and development can be promoted in Central Asia through the mechanism and that the tide of development can lift up neighboring countries. 

We welcome the participation of countries that have suffered from conflict, countries aspiring for national rejuvenation, and countries pursuing modernization. We also welcome the involvement of Russia, European countries, and even the US. In fact, in recent years, there has been increasing cooperation between China and Russia in the Central Asian region, which has become a trend and effectively debunked malicious instigations by the West claiming that "China and Russia are competing for spheres of influence."

To reiterate, as long as an initiative genuinely benefits regional stability and development and contributes to common prosperity in the region, China is willing to support it. We uphold the same set of values everywhere, be it Central Asia or any other part of the world. We are crafting a new path for peace and the development of humanity. The experience of the China-Central Asia community with a shared future in achieving universal security and common development serves as a model and inspiration for the entire world.

Cooperative projects between China and Central Asian countries have been rolled out in succession before and following the two-day China-Central Asia Summit concluded in Xi'an, Northwest China's Shaanxi Province on Friday.

China Railway Construction Corporation (CRCC) and the State Power Investment Corporation have inked an investment agreement with Kyrgyzstan to build the Central Asian country's first large-scale centralized photovoltaic (PV) project, CRCC revealed on Saturday. 

The agreement is in regard to a 1,000-megawatt power plant project. Kyrgyz President Sadyr Japarov also attended the signing ceremony in Xi'an on Thursday, according to the CRCC.

Kyrgyzstan is currently implementing a series of reforms across its domestic energy structure, and the 1,000-megawatt power plant will be the largest of its kind in the country, Japarov said.

The project will not only benefit the Kyrgyz people in the long run, but also enhance the country's independent power supply capacity and promote the economic and social development and prosperity of Kyrgyzstan, Japarov noted.

With full confidence in the future economic development of Kyrgyzstan, CRCC is willing to leverage its advantages across the complete industrial chain to actively participate in the construction of infrastructure projects such as railways, roads and PV power stations in Kyrgyzstan and make more contributions to the economic and social development of Kyrgyzstan, according to Wang Wenzhong, vice president of CRCC.

CRCC has 11 ongoing projects in mining and road construction in four Central Asian countries, including Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan.

On the sidelines of the summit, businesses representatives from China and Uzbekistan also gathered in Xi'an on Friday, and concluded a series of cooperation in areas of trade, energy, agriculture, digital technology and others. 

By adding a route to Dushanbe, Tajikistan on Thursday, the host city Xi'an has become the first Chinese city realizing full coverage of international flights to all five Central Asian countries. Currently, Xi'an is operating 11 flights to Central Asian countries per week, China Media Group reported.

In addition to Chinese companies, China's National Development and Reform Commission on Friday also inked a Memorandum of Understanding on industrial and investment cooperation with related departments of the five countries, aiming to further build consensus between China and Central Asian countries on promoting regional economic, industrial and investment cooperation.

This summit has been a good start for cooperation. We believe that with our joint efforts, China's relations with Central Asian countries will forge ahead like a ship braving all winds and waves, offer new vitality to the development and revitalization of the six countries, and inject strong, positive energy to peace and stability of the region, Wang Wenbin, spokesperson for China's Foreign Ministry told a press conference on Friday.

Reported on May 19-20 2023 by the Global Times (China). Image

China, Pacific

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The Natural Resource Department of Shandong Province recently discovered an additional 200 tons of...

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The offshore yuan dropped in early morning trade to its weakest level since December, after the People's Bank of China set the midpoint rate at 7.0356 per U.S. dollar...

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China's blue-chip CSI300 Index closed down 0.3%, while the Shanghai Composite Index lost 0.4%.

Hong Kong's benchmark...

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Investors trimmed their exposure to China amid economic uncertainty in the country, rising geopolitical tensions and Beijing’s crackdown on international consulting firms.

The...

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The...

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Hong...

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Eurasia

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05.06.2023

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05.06.2023

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05.06.2023

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In addition, the following documents were signed in the field of agriculture:

Protocol on Phytosanitary...

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In addition, the following documents were signed in the field of agriculture:

Protocol on Phytosanitary...

05.06.2023

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05.06.2023

China, Russia consolidate economic pact

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Russian Prime Minister Mikhail Mishustin, who expects bilateral trade to reach US$200 billion in 2023, hailed relations with China as being “at an...

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Russian Prime Minister Mikhail Mishustin, who expects bilateral trade to reach US$200 billion in 2023, hailed relations with China as being “at an...

05.06.2023

China, Russia ramp up trade, investment cooperation

Russia’s prime minister signed a set of agreements with China on Wednesday during a trip to Beijing, describing bilateral ties at an unprecedented high, despite disapproval from the West of their relationship as the war in Ukraine dragged on.

Prime Minister Mikhail Mishustin — the highest-ranking Russian official to...

Russia’s prime minister signed a set of agreements with China on Wednesday during a trip to Beijing, describing bilateral ties at an unprecedented high, despite disapproval from the West of their relationship as the war in Ukraine dragged on.

Prime Minister Mikhail Mishustin — the highest-ranking Russian official to visit Beijing since Moscow sent thousands...

05.06.2023

Russian officials push local currency settlement to accelerate yuan’s internationalisation

Russian officials have been actively pushing forward settlement in local currencies - the Russian rouble and the yuan - since last year, driven by the vast amount of bilateral trade, which is expected to exceed the benchmark of $200 billion this year ahead of the target, as well as the...

Russian officials have been actively pushing forward settlement in local currencies - the Russian rouble and the yuan - since last year, driven by the vast amount of bilateral trade, which is expected to exceed the benchmark of $200 billion this year ahead of the target, as well as the...

05.06.2023

China gains foothold in Central Asia

The G7 countries, in a joint communiqué, called on China to put pressure on Russia to end the fighting and completely and unconditionally withdraw troops from Ukraine. “We call on China to support a comprehensive, just and lasting peace based on the territorial integrity, principles and goals of the UN,...

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05.06.2023

Kazakh head of state hails China’s Belt and Road

To the east, China’s Belt and Road is one of the remarkable and large-scale initiatives on building continental strategic connectivity, said Kazakh President Kassym-Jomart Tokayev at the Eurasian Economic Forum in Moscow, Kazinform cites Akorda.

Speaking at the Eurasian Economic Forum ‘Eurasian integration in a multipolar world’ in Moscow, Kazakh Head...

To the east, China’s Belt and Road is one of the remarkable and large-scale initiatives on building continental strategic connectivity, said Kazakh President Kassym-Jomart Tokayev at the Eurasian Economic Forum in Moscow, Kazinform cites Akorda.

Speaking at the Eurasian Economic Forum ‘Eurasian integration in a multipolar world’ in Moscow, Kazakh Head...

Europe

05.06.2023

China-CEEC logistics cooperation under BRI ensures trade growth

Logistics service providers from the Central and Eastern European Countries (CEECs) are enhancing their ties with the Chinese market under the high-quality development of the Belt and Road Initiative (BRI), ensuring bilateral trade growth despite the sluggish global economy and weakened international trading environment.

At the services trade exhibition area of...

Logistics service providers from the Central and Eastern European Countries (CEECs) are enhancing their ties with the Chinese market under the high-quality development of the Belt and Road Initiative (BRI), ensuring bilateral trade growth despite the sluggish global economy and weakened international trading environment.

At the services trade exhibition area of...

05.06.2023

Dutch NXP launches AIoT application innovation centre in Tianjin

Netherlands-based NXP Semiconductors N.V. officially launched its AIoT Application Innovation Centre in North China's Tianjin municipality on Friday.

The center is Phase 2 of its AIoT (AI and Internet of Things) Lab in Tianjin, NXP said. The AIoT Application Demo Lab, or Phase 1 of the AIoT Lab, was inaugurated in...

Netherlands-based NXP Semiconductors N.V. officially launched its AIoT Application Innovation Centre in North China's Tianjin municipality on Friday.

The center is Phase 2 of its AIoT (AI and Internet of Things) Lab in Tianjin, NXP said. The AIoT Application Demo Lab, or Phase 1 of the AIoT Lab, was inaugurated in...

05.06.2023

UK tech firms seek to expand in Chinese market

British companies spoke highly of China's intelligent development and hoped to expand the potential of the Chinese market, the Global Times learned at the 2023 World Intelligence Congress (WIC).

All the technologies are in place. And various local companies, not ones that are recognized globally, are developing technology that is better...

British companies spoke highly of China's intelligent development and hoped to expand the potential of the Chinese market, the Global Times learned at the 2023 World Intelligence Congress (WIC).

All the technologies are in place. And various local companies, not ones that are recognized globally, are developing technology that is better...

05.06.2023

China, Netherlands acknowledge huge potential for cooperation

The economies of China and the Netherlands are highly complementary, with huge potential for cooperation and sound growth momentum in bilateral trade, said Chinese Vice President Han Zheng during a meeting with Dutch Deputy Prime Minister and Foreign Minister Wopke Hoekstra on Wednesday in Beijing, Xinhua News Agency reported.

Han said...

The economies of China and the Netherlands are highly complementary, with huge potential for cooperation and sound growth momentum in bilateral trade, said Chinese Vice President Han Zheng during a meeting with Dutch Deputy Prime Minister and Foreign Minister Wopke Hoekstra on Wednesday in Beijing, Xinhua News Agency reported.

Han said...

05.06.2023

UK firms more optimistic about Chinese market

The British Chamber of Commerce in China said on Tuesday that a majority of UK-based businesses are expressing greater optimism about the Chinese market; however, some are also raising concerns about the impact of geopolitical tensions amid mixed signals from London regarding relations with Beijing. 

British Prime Minister Rishi Sunak described...

The British Chamber of Commerce in China said on Tuesday that a majority of UK-based businesses are expressing greater optimism about the Chinese market; however, some are also raising concerns about the impact of geopolitical tensions amid mixed signals from London regarding relations with Beijing. 

British Prime Minister Rishi Sunak described...

South Asia, Middle East

05.06.2023

Sino-ASEAN land-sea trade corridor shows great vitality

The new International Land-Sea Trade Corridor, a major international logistics project, has achieved great success as a recent report shows that its development index in 2022 surged to 135.2 from 122.6 in 2021 and 102 in 2020.

As a key project mapped out for the 14th Five-Year Plan (2021-25), the ILSTC...

The new International Land-Sea Trade Corridor, a major international logistics project, has achieved great success as a recent report shows that its development index in 2022 surged to 135.2 from 122.6 in 2021 and 102 in 2020.

As a key project mapped out for the 14th Five-Year Plan (2021-25), the ILSTC...

05.06.2023

China, Pakistan to step up apiculture cooperation

A China-Pakistan Apiculture Forum was held Thursday, two days ahead of the World Bee day. The forum was also a core part of the Training Course on Beekeeping and Honey Processing Technology for Pakistan which was undertaken by an agricultural group in Hunan Province, China and takes place from May...

A China-Pakistan Apiculture Forum was held Thursday, two days ahead of the World Bee day. The forum was also a core part of the Training Course on Beekeeping and Honey Processing Technology for Pakistan which was undertaken by an agricultural group in Hunan Province, China and takes place from May...

05.06.2023

Chinese investment greatly benefits Cambodia's socio-economic development

Chinese investment has greatly contributed to socio-economic development and poverty reduction in Cambodia, officials said here on Friday.

Chea Vuthy, deputy secretary-general of the Council for the Development of Cambodia, said the Chinese investment accounted for 90.5 percent of the foreign direct investment (FDI) to Cambodia in 2022, and 73.5 percent...

Chinese investment has greatly contributed to socio-economic development and poverty reduction in Cambodia, officials said here on Friday.

Chea Vuthy, deputy secretary-general of the Council for the Development of Cambodia, said the Chinese investment accounted for 90.5 percent of the foreign direct investment (FDI) to Cambodia in 2022, and 73.5 percent...

05.06.2023

China, ASEAN companies eye each other's markets

Chinese companies as well as their counterparts from the Association of Southeast Asian Nations are expressing a keen interest in exploring business opportunities in each other's markets, propelled by the Regional Comprehensive Economic Partnership pact taking effect early last year, according to a report released by United Overseas Bank (China)...

Chinese companies as well as their counterparts from the Association of Southeast Asian Nations are expressing a keen interest in exploring business opportunities in each other's markets, propelled by the Regional Comprehensive Economic Partnership pact taking effect early last year, according to a report released by United Overseas Bank (China)...

05.06.2023

Sinopec signs 20-year deal with Sri Lanka to supply fuel

Chinese oil giant Sinopec signed an agreement with Sri Lanka that allows the company to operate for the next 20 years to import, store, distribute and sell petroleum products in Sri Lanka, China's Embassy in Sri Lanka said on Monday.

Sinopec will be able to use 150 existing fuel stations and...

Chinese oil giant Sinopec signed an agreement with Sri Lanka that allows the company to operate for the next 20 years to import, store, distribute and sell petroleum products in Sri Lanka, China's Embassy in Sri Lanka said on Monday.

Sinopec will be able to use 150 existing fuel stations and...

05.06.2023

Chinese, Egyptian engineers dedicated to building Belt and Road project

Walking through a rebar jungle, Mahmoud Ezzat and his Chinese mentor Song Guoshuai arrived early in the morning to start work at the construction site of the Alamein Downtown Towers Project in New Alamein City on Egypt's Mediterranean northern coast.

Under Song's instructions, Ezzat skillfully tied the steel bars up with...

Walking through a rebar jungle, Mahmoud Ezzat and his Chinese mentor Song Guoshuai arrived early in the morning to start work at the construction site of the Alamein Downtown Towers Project in New Alamein City on Egypt's Mediterranean northern coast.

Under Song's instructions, Ezzat skillfully tied the steel bars up with...

Africa, Americas

05.06.2023

Experts eye new heights in China-Africa ties

Experts and policymakers attending a high-level seminar on China-Africa cooperation on Thursday called for fostering new highlights in China-Africa ties under the umbrella of the African Union (AU).

The seminar, held in Addis Ababa, the Ethiopian capital, gathered AU Commission (AUC) officials, African diplomats, diplomats from the Chinese Mission to the...

Experts and policymakers attending a high-level seminar on China-Africa cooperation on Thursday called for fostering new highlights in China-Africa ties under the umbrella of the African Union (AU).

The seminar, held in Addis Ababa, the Ethiopian capital, gathered AU Commission (AUC) officials, African diplomats, diplomats from the Chinese Mission to the...

05.06.2023

China moves forward in Latin America

China, eager to build up a foreign trade network while its ties with the United States languish, has been stepping up efforts to bolster its economic relations in Latin America this year.

Due to geographic proximity and long-standing political alliances, Latin America has traditionally looked to the US market as its...

China, eager to build up a foreign trade network while its ties with the United States languish, has been stepping up efforts to bolster its economic relations in Latin America this year.

Due to geographic proximity and long-standing political alliances, Latin America has traditionally looked to the US market as its...

05.06.2023

Upcoming China-US trade ministers' meeting sends positive signal

The reported upcoming meeting of Chinese and US trade ministers is much anticipated, which sends a positive signal and shows that both sides have recognized the importance of economic and trade relations to them and are ready to improve ties, Chinese experts said on Saturday.

Further, they said US officials aim...

The reported upcoming meeting of Chinese and US trade ministers is much anticipated, which sends a positive signal and shows that both sides have recognized the importance of economic and trade relations to them and are ready to improve ties, Chinese experts said on Saturday.

Further, they said US officials aim...

05.06.2023

US FedEx boosts services in China’s Guangzhou province

US-based delivery services provider FedEx Express has signed a memorandum of understanding with the Guangzhou municipal government to work together on Customs clearance and cross-border e-commerce, and establish its operations center in South China, according to a statement by the company on Wednesday.

The two sides, it said, will jointly promote...

US-based delivery services provider FedEx Express has signed a memorandum of understanding with the Guangzhou municipal government to work together on Customs clearance and cross-border e-commerce, and establish its operations center in South China, according to a statement by the company on Wednesday.

The two sides, it said, will jointly promote...

05.06.2023

China-built railway wagon assembly plant in Nigeria opened

A railway wagon assembly plant built by China Civil Engineering Construction Corporation (CCECC) in Kajola of Ogun State, Nigeria officially entered operation on Monday, the Xinhua News Agency reported on Tuesday.

Experts noted that it is another vivid example of building the China-proposed Belt and Road Initiative based on high quality...

A railway wagon assembly plant built by China Civil Engineering Construction Corporation (CCECC) in Kajola of Ogun State, Nigeria officially entered operation on Monday, the Xinhua News Agency reported on Tuesday.

Experts noted that it is another vivid example of building the China-proposed Belt and Road Initiative based on high quality...

05.06.2023

Latin America becomes second-largest destination for China's outbound investment

The Latin American and Caribbean region has become the second-largest destination for China's overseas investment, according to the China-CELAC Private Sector Forum held on Wednesday in Dongguan, South China's Guangdong province.

In 2022, China-LAC trade reached $485.7 billion, up 7.7 percent year-on-year. More than 3,000 Chinese enterprises operate in the LAC...

The Latin American and Caribbean region has become the second-largest destination for China's overseas investment, according to the China-CELAC Private Sector Forum held on Wednesday in Dongguan, South China's Guangdong province.

In 2022, China-LAC trade reached $485.7 billion, up 7.7 percent year-on-year. More than 3,000 Chinese enterprises operate in the LAC...

05.06.2023

Chinese industry delegation starts first visit to US in three years

A group of more than 130 Chinese representatives from local governments and enterprises recently set off on a group visit to California for the first time in three years. They were welcomed by local government officials, signaling expectations for closer economic and trade ties despite the tension in China-US relations.

The...

A group of more than 130 Chinese representatives from local governments and enterprises recently set off on a group visit to California for the first time in three years. They were welcomed by local government officials, signaling expectations for closer economic and trade ties despite the tension in China-US relations.

The...