China's strong economic growth in 2021 positive news for Italian exporters, experts say
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China's strong economic growth in 2021 positive news for Italian exporters, experts say
19 Jan 2022
ROME, Jan. 18 (Xinhua) -- China's stronger-than-expected economic growth in 2021 sent ripples around the global economy, including in Italy, which considers China as one of its top trade partners, Italian business insiders and media have said. On Monday, China announced that its gross domestic product grew 8.1 percent year-on-year in 2021, despite lingering impacts from the two-year-old COVID-19 pandemic. The news helped bolster the performance of the Italian Stock Exchange in Milan, which surged more than one percent in early trading on Monday. "The data released Monday was important for China, with an impact on the world economy, as well as on Italy's economy," Mario Boselli, president of the Italy China Foundation, told Xinhua. The Milan-based institution aims to promote stronger trade and cultural ties between the two countries. "It's a good sign for the start of the year," Boselli said. "We should see it as something positive and encouraging." Boselli's views were echoed in multiple Italian media. Il Sole 24 Ore, Italy's top financial daily, explored the broad impacts of China's economic data on European economies, while online daily newspaper Formiche said that China's economic performance exceeded the expectations of many economists it had surveyed. Il Sole 24 Ore also called the Chinese central bank's decision to cut loan rates "prudent." China's central bank Monday cut the interest rates of its medium-term lending facility (MLF) loans and reverse repos by 10 basis points amid the country's efforts to lower lending costs and further shore up economic growth. Milan-based newspaper Il Giornale said China's economic performance was a "positive sign" that China reached its growth targets as the world waits for the definitive 2021 growth data from other countries. "The world was watching," the newspaper's editorial on the topic said. The upbeat news out of Beijing is particularly relevant in export-oriented economies like Italy, experts said. Robust economic growth in China could help improve Italian exports, helping economic growth while other sections of the Italian economy, such as tourism, services, and domestic consumption are slower to recover from the negative economic impacts of the pandemic. Boselli said the latest developments could help the Italian fashion, design, and lifestyle sectors, as well as producers of medical supplies and machinery components and parts. "We could see fashion exports improve by 30 to 50 percent this year," he said. Though China is far larger than Italy, there are some similarities between the two economic partners, noted Boselli, who has traveled to China more than 150 times over more than four decades. "Both countries are important manufacturers in the world. We both have many small- and medium-sized companies, and internal supply chains," he said. What Italy could learn from China's economic performance in the wake of the pandemic, Boselli said, is China's "determination" and "resilience." Italian exports to China kept growing in the first 11 months of 2021, reaching 27.65 billion U.S. dollars, up 40 percent year-on-year, Chinese customs data showed. Source: Xinhua
BRI poised to put Syria on recovery path
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BRI poised to put Syria on recovery path
19 Jan 2022
Chinese Ambassador to Syria Feng Biao (L) shakes hands with Khaled Hboubati, the head of the Syrian Arab Red Crescent (SARC), after signing a delivery note for the food aid in Damascus, Syria, on Jan 16, 2022. [Photo/Xinhua] With rebuilding urgency, partnership with China provides hope, experts say. With war-torn Syria becoming the latest Middle Eastern country to join the China-proposed Belt and Road Initiative, the stepped-up cooperation between the two countries is also expected to benefit a region long held back by conflict, experts said. Joining the BRI "will bring considerable investments and aid … as Syria starts its long-term post-conflict reconstruction in the next few years," said Nabil Sukkar, founder of the Syrian Consulting Bureau for Development and Investment, a consultancy in Damascus. Sukkar, a former senior economist at the World Bank, said the move comes as Syria turns farther "east in its trade relations following Western sanctions imposed on it as of the beginning of the current Syrian conflict in 2011". On Jan 12, Fadi Khalil, head of the Planning and International Cooperation Commission in Damascus, and Feng Biao, China's ambassador to Syria, signed a memorandum of understanding at a ceremony marking Syria's admission to the BRI. The ceremony was the latest high-profile event involving the two nations since Syrian President Bashar al-Assad's reelection in May last year. Khaled Almasri, a former dean of the faculty of international relations and diplomacy at Al-Sham Private University in Damascus, said it is in Syria's "national interest" to join the BRI as a new opportunity to establish bilateral and multilateral relations with other countries. At the ceremony last week, Khalil said that the admission of Syria into the BRI revives the country's old role on the ancient Silk Road. Feng said that the cooperation between the two countries will provide "the greatest contribution" to Syria's economic reconstruction and social development. Sukkar notes that since Syria had been among the nations on China's "2,000-year-old Silk Road", it made sense for Syria to become part of the modern initiative. Also last week, Gulf Cooperation Council Secretary-General Nayef bin Falah Al-Hajraf, as well as the foreign ministers of Oman, Kuwait, Saudi Arabia and Bahrain-and separately those of Turkey and Iran-visited China to discuss respective bilateral relations. They are among the 144 countries and regions that have signed MOUs on participation in the initiative, according to China's Belt and Road portal. Syria has been mired in conflict and divided into enclaves since the civil war started in 2011. More than 350,000 people have died during its decade of war, according to the United Nations. The Syrian Observatory for Human Rights estimates the number of fatalities at around 600,000. International humanitarian organization World Vision estimates that 6.8 million refugees and asylum-seekers have fled Syria, while 6.7 million have been displaced internally. In its 2021 report, it said the economic cost of Syria's conflict had reached $1.2 trillion. Economic potential Anis Khayati, an economics professor at the University of Bahrain, said the restoration of large areas by Assad's forces had helped reinforce China's vision of investing in Syria's long-term economic potential, which benefits its vision for the BRI. "Beijing's arrival at the Syrian ports is an attractive opportunity for China to connect with Eurasia," said Khayati, adding it will help facilitate support between the two countries on international platforms. Almasri believes China can offer "outstanding economic help", starting with immediate humanitarian aid, such as food packages, and creating job opportunities. China can also play a constructive role in helping Syria through its political reform and transition period. Syria received more than 4,000 metric tons of rice from China on Sunday. The Syrian Health Ministry received 1 million doses of COVID-19 vaccines from China on Jan 3. Almasri said the fact that China "is the only country in the world able and willing to help Syria in the reconstruction process" is the most important reason for fostering relations. The academic said China could also support university students through research programs and cultural activities to advance both countries' interests. Sukkar said that Syria's political and economic relations with China have always been "deep and friendly", saying "Syria learned a lot from China" when China started its liberalization process. Xinhua contributed to this story. Source: China Daily
SRCIC Chairman Lu Jianzhong and Other Chamber Leaders Attended The 2nd Dialogue on Exchanges and Mutual Learning among Civilizations
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SRCIC Chairman Lu Jianzhong and Other Chamber Leaders Attended The 2nd Dialogue on Exchanges and Mutual Learning among Civilizations
12 Jan 2022
On January 10, the second Dialogue on Exchanges and Mutual Learning among Civilizations, instructed by the International Department of CPC Central Committee and hosted by the Chinese Association for International Understanding (CAFIU), was held in Beijing online and in person. Chinese Vice President Wang Qishan video addressed the forum. Ji Bingxuan, vice chairman of the National People's Congress Standing Committee and president of CAFIU, delivered a keynote speech. Song Tao, head of the International Department of CPC Central Committee, presided over the opening ceremony. Wang said that promoting exchanges and mutual learning among civilizations is a major task to achieve world peace and development, as well as a better life for the people. “We need to deepen the understanding of our own and other civilizations, find the key to inter-civilization exchanges from the perspective of all mankind, gain confidence from history, culture and philosophy, and build consensus on building a community with a shared future for humanity,” he said. Vice President Wang Qishan delivering a video speech Wang noted that China will continue to strengthen solidarity and coordination with other countries to pool forces for the advancement of civilization and jointly create a better future. "We are willing to share the opportunity of development with the world, accelerate the implementation of the Global Development Initiative and deepen the Belt and Road cooperation," he said. Cambodia's Standing Deputy Prime Minister and Cabinet Minister, BinChhin, pointed out that there is no good or bad civilization. Strengthening exchanges and mutual learning among civilizations will help enhance mutual understanding and respect, which will lay a solid foundation for lasting world peace, social progress and prosperity. Former Egyptian Prime Minister, Essam Sharaf, said that political system is rooted in culture. Therefore, it is important to enhance cultural exchanges, to respect each country’s own interpretation of peace, development, fairness, justice, democracy and freedom and their exploration of approaches to realizing this. In doing so, according to him, we can promote the harmonious coexistence of multiple civilizations and jointly build a better world. Former Spanish Prime Minister, Jose Luis Rodriguez Zapatero, believed that similarities exist in the history of different continents. He emphasized the importance of identifying similarities, seeking common ground while reserving differences. He also said that countries should work together to promote cultural cooperation and social progress, in order to address the challenges and risks facing humankind. Chen Zhou, Vice-Minister of the International Department of the CPC Central Committee, presided over the second phase of the opening session. During the Dialogue among the Envoys of Civilization at the opening session, Lu Jianzhong, vice president of CAFIU and chairman of the Silk Road Chamber of International Commerce, pointed out that different countries and civilizations can coexist. “As long as we share the vision of a better future, we can always achieve consensus among differences, be it in competitive sports, relations with major countries or mutual learning. We hope that this dialogue will provide useful reference for different countries and civilizations to resolve differences and work together. ,”Lu said. In conclusion, Lu wished success to the Beijing 2022 Winter Olympic Games, an event that he believes will help all countries join hands and inject stronger impetus into the future. With the theme of Upholding Diversity of Civilizations and Carrying forward Shared Values of Mankind, about 260 guests were present at the dialogue to exchange ideas. The outcome document Beijing Vision was released at the dialogue, expressing the hope that exchanges and mutual learning among civilizations will become a bridge of friendship among peoples, a driving force for human progress and a bond for world peace. Other SRCIC leaders were also present at the online dialogue, includingAlexander Tomov, senior adviser to the SRCIC and former Bulgarian Deputy Prime Minister,Mr. Francis Chua, vice chairman of SRCIC and founding chairman of SRCIC the Philippines, Mr. Kassem Tofailli, president of the Arab Chinese Cooperation and Development Association (ACCDA), and Mr. Mohammad Omer, chairman of Somalia-China Business Council. They expressed in their own words that diversity of civilizations is a defining feature of human society. Exchanges and mutual learning are important driving forces for human progress and world peace and development. By fully developing the role of business associations for connectivity, they are ready to make positive contributions to enhancing friendship among peoples, promoting global economic and trade prosperity and building a community with a shared future for mankind. Alexander Tomovsaid 2nd Dialogue on Exchanges and Mutual Learning among Civilizations is undoubtedly a forum with an important meaning for the whole world. Today the world is undergoing an epochal change. We are passing from one to another generation of technology which makes world more integrated from ever before. In such a complex situation and environment, the historical perspectives are only two – either the accent will be stressed on the dialogue, mutual agreement and shared future for the mankind or the forces of the regress with get us back to the times of the Cold war and the mutual opposition. The speech of Mr. Wang Qishan in front of the 2nd Dialogue on Exchanges and Mutual Learning among Civilizations makes a powerful impression with its engagement for deepening the dialogue between the countries, peoples and civilizations. For me there is no doubt that these ideas will conquer more and more people because they are related with the objective changes of mankind. The lack of implementation of one will, one dictate but the dialogue and mutual agreement will define the look of the forthcoming decade. It that sense the holding of the 2nd Dialogue on Exchanges and Mutual Learning among Civilizations has a big contribution for sharing of ideas and values between people. We, in Bulgaria, believe that this is the only way that the peoples can develop successfully and to guarantee the progress of their countries.
A Message to the New Year 2022
A Message to the New Year 2022
31 Dec 2021
A Message to the New Year 2022 From Silk Road Chamber of International Commerce Time flies and seasons turn. In the past 2021, opportunities and challenges coexisted. Difficulties and hopes went hand in hand. In 2021, the high-quality joint construction of the "Belt and Road" harvested solid and fruitful achievements. The “hard connectivity” of infrastructure progressed smoothly: the China-Europe freight trains connect the Europe and Asia, and the China-Laos railway has been officially put into operation. The “soft connectivity” of rules and standards has been strengthened: the circulation procedures of commodities, capital, technology, and personnel have been simplified, the transaction costs have been reduced, and the flow of production factors has become more convenient. The “heart and mind connectivity” of people from all over the world has also been deepened by rich, diverse and interactive cultural exchanges. In 2021, the Global Development Initiative (GDI) drew a fresh blueprint for international cooperation and development. The GDI proposed by President Xi Jinping on the 76th Session of the United Nations General Assembly defines the goals, principles and key areas for global development and international cooperation. It received extensive positive response and support, providing another important public good and cooperation platform to the international community. In 2021, members of SRCIC demonstrated strong sense of pro-activeness and responsibility. They endorsed the Joint Statement of the International Forum on COVID-19 Vaccine Cooperation, and strove to help domestic businesses to achieve sustainable development. SRCIC members have also organized various online and offline events to promote international trade cooperation. In 2021, projects promoted by SRCIC have achieved gratifying progress. The Silk Road International Culture and Artworks Exchange in the Hainan Free Trade Port was launched in June, and the digital artworks carried online were immediately sold out; the projects of Silk Road International Cultural Park have been successfully implemented in Zhangjiajie, Hunan Province and Gongyi, Henan Province. Negotiation with the local government of Haikou, Hainan Province is in progress to replicate the projects. In 2021, face-to-face meetings were difficult, but our bond grew even tighter through online communication and heart-to-heart connection. At present, the world is going through great turbulence and profound changes, which are intensified by an unprecedented pandemic. We believe that connectivity, openness and inclusiveness are the only solutions to global crisis and long-term development. SRCIC is willing to work with business communities worldwide to build a platform for exchanges, practical cooperation and development opportunities. We will jointly promote the high-quality Belt and Road cooperation for mutual benefits, and contribute to a shared future and a better world for the mankind. Marching onward, we are not alone. Let us join our hands and hearts like a family to embrace a new and better 2022. We wish you a happy and prosperous New Year! Yours sincerely, Silk Road Chamber of International Commerce
RCEP to drive growth of cross-border e-commerce in China
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RCEP to drive growth of cross-border e-commerce in China
21 Dec 2021
A visitor checks out ASEAN imports at a commodities fair in Wuhan, Hubei province, on Oct 12. [Photo/Xinhua] The expected implementation of the Regional Comprehensive Economic Partnership agreement will usher in a new wave of growth for China's cross-border e-commerce sector, experts and business leaders said. Signed in November last year among 15 Asia-Pacific economies including China and all the 10 member states of the Association of Southeast Asian Nations, the agreement will take effect on Jan 1 in 10 signatory members-namely Brunei, Cambodia, Laos, Singapore, Thailand, Vietnam, China, Japan, New Zealand and Australia. Wang Xin, executive president of the Shenzhen Cross-Border E-Commerce Association, said implementation of the RCEP agreement, which will be carried out first in the 10 countries and is expected to extend to all the 15 members in the future, will bring multiple opportunities to China's fast-growing cross-border e-commerce businesses. "The RCEP covers both China and ASEAN, two of the most promising markets in the world whose populations are about 1.4 billion and 600 million, respectively. It is expected that more than 90 percent of trade in goods will enjoy zero tariffs in the RCEP region, providing a very favorable environment for trade and investment growth," Wang said. Costs of regionally sourced raw materials for Chinese enterprises will be significantly reduced under the trade rules of the agreement, especially the common rules of origin that only require 40 percent of regional content for goods to be considered of RCEP origin, much lower than the threshold of other free trade agreements. That also means the competitiveness of Chinese suppliers, which are already known for offering quality products at relatively cheap prices, will be further bolstered, creating opportunities for Chinese businesses to sell goods to overseas markets in the RCEP region, she said. More importantly, as the agreement asked members to simplify Customs procedures and expand coverage of preferential tariff policies, efficiency of cross-border logistics will be effectively improved with costs largely reduced. This will benefit the growth of not only logistics enterprises but also overseas warehousing businesses and cross-border e-commerce firms, Wang said. Experts said the RCEP agreement will facilitate Chinese cross-border e-commerce enterprises in expanding their presence in markets that currently impose relatively high tariffs on Chinese products. Wei Jianguo, vice-chairman of the Beijing-based China Center for International Economic Exchanges, said the agreement has high-standard policies for e-commerce and other sectors. It will become easier for small and medium-sized enterprises, especially private enterprises, in China to go global, Wei said. Wang said cross-border e-commerce has great growth potential in fields like electronic products, apparel and toys in the Pearl River Delta region, sports equipment, electrical products and home fabrics in the Yangtze River Delta region, and electronic equipment, biomedicines and auto parts in the Beijing-Tianjin-Hebei region. The growth potential is supported by traditional offline foreign trade, the fast development of Chinese e-commerce platforms and the push by the country's authorities for innovation-driven development. Vincent Yang, CEO of JD Central, an e-commerce joint venture between Chinese e-commerce giant JD and Central Group, the largest retailer in Thailand, said implementation of the RCEP agreement promises a future of unified standards and procedures for trade in the region. This will facilitate standardized management and local operations for businesses, create a better environment for the development of cross-border e-commerce businesses and also boost economic and trade cooperation. Underpinned by the large population, fast economic growth and wide internet access, Southeast Asia has become a market of great potential for China's cross-border e-commerce enterprises. JD Central, which officially started operations on Sep 28,2018, registered fast growth in the past three years, Yang said. The company established eight localized warehouses in Thailand. Thanks to that, it is able to deliver 95 percent of purchases in Bangkok within a day after customers place their orders and 85 percent of purchases in other parts of the country within two days. Last year, gross merchandise volume and orders on the platform increased by 170 percent and 82 percent from 2019, respectively. Many Chinese brands, including Huawei, Hisense and TCL, have joined hands with JD Central to expand sales in Thailand, Yang said. Source:China Daily
Interview: World Bank official says China's strong support for IDA "highly appreciated"
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Interview: World Bank official says China's strong support for IDA "highly appreciated"
21 Dec 2021
WASHINGTON, Dec. 19 (Xinhua) -- A World Bank senior official has said that China has been increasingly engaged as a donor in the International Development Association (IDA), the bank's fund for the poorest countries, noting that its strong support is highly appreciated. "China has been very supportive, they have increasingly engaged as a donor, which has been welcomed," World Bank Managing Director of Operations Axel van Trotsenburg told Xinhua in a recent virtual interview. Looking back at China's relationship with the World Bank during the past four decades, van Trotsenburg said "it's a very interesting story." "China received, in the 80s, IDA money and has invested it very well with very good return," said the World Bank official. "And China also thought, well, this is something where also they would like to give back what they received." "Over 10 years, 12 years, they have become a donor, highly appreciated, but it is the mindset, that is important," van Trotsenburg said. "It is that we work together to help countries when then countries become more prosperous, they are also giving money back. And we like that idea, and support that." The World Bank's IDA, established in 1960, helps the world's poorest countries by providing grants and low to zero-interest loans for projects and programs that boost economic growth, reduce poverty, and improve poor people's lives. The World Bank recently announced a 93-billion-U.S.-dollar replenishment package of the IDA to help the world's 74 poorest countries, focusing on their recovery from the COVID-19 crisis. IDA's 19th funding cycle (IDA19) kicked off in July 2020, and a record replenishment of 82 billion dollars was originally expected to finance projects over the three-year period ending June 30, 2023, according to the multilateral lender. The 20th replenishment of IDA was advanced by one year due to scaled up pandemic response. IDA20 will cover the period of July 1, 2022 to June 30, 2025. The latest financing pledge of 93 billion dollars brings together 23.5 billion dollars of contributions from 48 high- and middle-income countries with financing raised in the capital markets, repayments, and the World Bank's own contributions. Noting that donors have provided roughly the same amount in support as in IDA19, van Trotsenburg said "we have been grateful of their generosity given that also, everybody is under a difficult fiscal situation." The World Bank official noted that every dollar that donors contribute to IDA is now leveraged into almost 4 dollars of financial support for the poorest countries, adding that "it's a good deal" for both the donors and the beneficiary countries. For countries that are in fragile situation, such as Haiti, Mali and Somalia, the IDA is offering grants, while for a group of countries that can afford loans, the IDA is providing long-term zero-interest loans or soft loans, van Trotsenburg said. "So we need to see there is a whole spectrum of countries, and we have designed that in such a way that we optimize A, to support and B, how we best finance," he said. Amid the pandemic, the World Bank not only spent much more on health emergency, including vaccines, personal protective equipment (PPE), and on strengthening health system, but also boosted its support in social and education sector, as many people lose jobs and go hungry, and many kids can't go to school due to lockdowns, according to van Trotsenburg. About 40 percent of the bank's interventions are COVID-19 related, the World Bank official noted. Beyond that, he said what the World Bank is emphasizing is to help countries get back to the development agenda, and enable them to build back inclusively. "We need to regain the losses that happened over the last two years and what the bank has been very firm about is we are not only a hundred percent, we are 150 percent committed to push very hard to development agenda," said the World Bank official. "The World Bank at the end of the day is about long term development," he continued. "How do we give people a chance to develop their abilities, to have a chance to have decent lives, have an education, have jobs, and ultimately, really go from a low income status to middle income status, and ideally to go further." Van Trotsenburg noted that the bank has been stepping up "enormously" its climate engagement, with its climate financing going up in recent years and accounting for a bigger share of its total financing. He said the bank has a target to make 35 percent of its financing climate related, and that in the IDA20 translates into about 33 billion dollars of investment commitment. "We are not an organization who want to fly in and fly out. We are not there for the cameras, we are for the hard development. And that's what we are standing for," said the World Bank official. Source: Xinhua
SRCIC Chairman Lu Jianzhong and Other Chamber Leaders Attended The 2nd Dialogue on Exchanges and Mutual Learning among Civilizations
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SRCIC Chairman Lu Jianzhong and Other Chamber Leaders Attended The 2nd Dialogue on Exchanges and Mutual Learning among Civilizations
12 Jan 2022
On January 10, the second Dialogue on Exchanges and Mutual Learning among Civilizations, instructed by the International Department of CPC Central Committee and hosted by the Chinese Association for International Understanding (CAFIU), was held in Beijing online and in person. Chinese Vice President Wang Qishan video addressed the forum. Ji Bingxuan, vice chairman of the National People's Congress Standing Committee and president of CAFIU, delivered a keynote speech. Song Tao, head of the International Department of CPC Central Committee, presided over the opening ceremony. Wang said that promoting exchanges and mutual learning among civilizations is a major task to achieve world peace and development, as well as a better life for the people. “We need to deepen the understanding of our own and other civilizations, find the key to inter-civilization exchanges from the perspective of all mankind, gain confidence from history, culture and philosophy, and build consensus on building a community with a shared future for humanity,” he said. Vice President Wang Qishan delivering a video speech Wang noted that China will continue to strengthen solidarity and coordination with other countries to pool forces for the advancement of civilization and jointly create a better future. "We are willing to share the opportunity of development with the world, accelerate the implementation of the Global Development Initiative and deepen the Belt and Road cooperation," he said. Cambodia's Standing Deputy Prime Minister and Cabinet Minister, BinChhin, pointed out that there is no good or bad civilization. Strengthening exchanges and mutual learning among civilizations will help enhance mutual understanding and respect, which will lay a solid foundation for lasting world peace, social progress and prosperity. Former Egyptian Prime Minister, Essam Sharaf, said that political system is rooted in culture. Therefore, it is important to enhance cultural exchanges, to respect each country’s own interpretation of peace, development, fairness, justice, democracy and freedom and their exploration of approaches to realizing this. In doing so, according to him, we can promote the harmonious coexistence of multiple civilizations and jointly build a better world. Former Spanish Prime Minister, Jose Luis Rodriguez Zapatero, believed that similarities exist in the history of different continents. He emphasized the importance of identifying similarities, seeking common ground while reserving differences. He also said that countries should work together to promote cultural cooperation and social progress, in order to address the challenges and risks facing humankind. Chen Zhou, Vice-Minister of the International Department of the CPC Central Committee, presided over the second phase of the opening session. During the Dialogue among the Envoys of Civilization at the opening session, Lu Jianzhong, vice president of CAFIU and chairman of the Silk Road Chamber of International Commerce, pointed out that different countries and civilizations can coexist. “As long as we share the vision of a better future, we can always achieve consensus among differences, be it in competitive sports, relations with major countries or mutual learning. We hope that this dialogue will provide useful reference for different countries and civilizations to resolve differences and work together. ,”Lu said. In conclusion, Lu wished success to the Beijing 2022 Winter Olympic Games, an event that he believes will help all countries join hands and inject stronger impetus into the future. With the theme of Upholding Diversity of Civilizations and Carrying forward Shared Values of Mankind, about 260 guests were present at the dialogue to exchange ideas. The outcome document Beijing Vision was released at the dialogue, expressing the hope that exchanges and mutual learning among civilizations will become a bridge of friendship among peoples, a driving force for human progress and a bond for world peace. Other SRCIC leaders were also present at the online dialogue, includingAlexander Tomov, senior adviser to the SRCIC and former Bulgarian Deputy Prime Minister,Mr. Francis Chua, vice chairman of SRCIC and founding chairman of SRCIC the Philippines, Mr. Kassem Tofailli, president of the Arab Chinese Cooperation and Development Association (ACCDA), and Mr. Mohammad Omer, chairman of Somalia-China Business Council. They expressed in their own words that diversity of civilizations is a defining feature of human society. Exchanges and mutual learning are important driving forces for human progress and world peace and development. By fully developing the role of business associations for connectivity, they are ready to make positive contributions to enhancing friendship among peoples, promoting global economic and trade prosperity and building a community with a shared future for mankind. Alexander Tomovsaid 2nd Dialogue on Exchanges and Mutual Learning among Civilizations is undoubtedly a forum with an important meaning for the whole world. Today the world is undergoing an epochal change. We are passing from one to another generation of technology which makes world more integrated from ever before. In such a complex situation and environment, the historical perspectives are only two – either the accent will be stressed on the dialogue, mutual agreement and shared future for the mankind or the forces of the regress with get us back to the times of the Cold war and the mutual opposition. The speech of Mr. Wang Qishan in front of the 2nd Dialogue on Exchanges and Mutual Learning among Civilizations makes a powerful impression with its engagement for deepening the dialogue between the countries, peoples and civilizations. For me there is no doubt that these ideas will conquer more and more people because they are related with the objective changes of mankind. The lack of implementation of one will, one dictate but the dialogue and mutual agreement will define the look of the forthcoming decade. It that sense the holding of the 2nd Dialogue on Exchanges and Mutual Learning among Civilizations has a big contribution for sharing of ideas and values between people. We, in Bulgaria, believe that this is the only way that the peoples can develop successfully and to guarantee the progress of their countries.
A Message to the New Year 2022
A Message to the New Year 2022
31 Dec 2021
A Message to the New Year 2022 From Silk Road Chamber of International Commerce Time flies and seasons turn. In the past 2021, opportunities and challenges coexisted. Difficulties and hopes went hand in hand. In 2021, the high-quality joint construction of the "Belt and Road" harvested solid and fruitful achievements. The “hard connectivity” of infrastructure progressed smoothly: the China-Europe freight trains connect the Europe and Asia, and the China-Laos railway has been officially put into operation. The “soft connectivity” of rules and standards has been strengthened: the circulation procedures of commodities, capital, technology, and personnel have been simplified, the transaction costs have been reduced, and the flow of production factors has become more convenient. The “heart and mind connectivity” of people from all over the world has also been deepened by rich, diverse and interactive cultural exchanges. In 2021, the Global Development Initiative (GDI) drew a fresh blueprint for international cooperation and development. The GDI proposed by President Xi Jinping on the 76th Session of the United Nations General Assembly defines the goals, principles and key areas for global development and international cooperation. It received extensive positive response and support, providing another important public good and cooperation platform to the international community. In 2021, members of SRCIC demonstrated strong sense of pro-activeness and responsibility. They endorsed the Joint Statement of the International Forum on COVID-19 Vaccine Cooperation, and strove to help domestic businesses to achieve sustainable development. SRCIC members have also organized various online and offline events to promote international trade cooperation. In 2021, projects promoted by SRCIC have achieved gratifying progress. The Silk Road International Culture and Artworks Exchange in the Hainan Free Trade Port was launched in June, and the digital artworks carried online were immediately sold out; the projects of Silk Road International Cultural Park have been successfully implemented in Zhangjiajie, Hunan Province and Gongyi, Henan Province. Negotiation with the local government of Haikou, Hainan Province is in progress to replicate the projects. In 2021, face-to-face meetings were difficult, but our bond grew even tighter through online communication and heart-to-heart connection. At present, the world is going through great turbulence and profound changes, which are intensified by an unprecedented pandemic. We believe that connectivity, openness and inclusiveness are the only solutions to global crisis and long-term development. SRCIC is willing to work with business communities worldwide to build a platform for exchanges, practical cooperation and development opportunities. We will jointly promote the high-quality Belt and Road cooperation for mutual benefits, and contribute to a shared future and a better world for the mankind. Marching onward, we are not alone. Let us join our hands and hearts like a family to embrace a new and better 2022. We wish you a happy and prosperous New Year! Yours sincerely, Silk Road Chamber of International Commerce
Deputy Director General of Shaanxi Provincial Department of Commerce visits SRCIC
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Deputy Director General of Shaanxi Provincial Department of Commerce visits SRCIC
17 Sep 2021
On the afternoon of September 16, a delegation led by Sun Jinghu, Deputy Director General of Shaanxi Provincial Department of Commerce, paid a survey visit to the Shaanxi Representative Office of Silk Road Chamber of International Commerce. Accompanied by Diane Bian, Secretary General of SRCIC, Deputy Director General Sun visited the Tang West Market Museum and had a discussion meeting at the Belt and Road Cultural Exhibition Center. Discussion meeting Secretary General Bian introduced the establishment and development of SRCIC, and expressed that SRCIC would give full play to its member resources and its role as a non-governmental organization, and strengthen its collaboration with Shaanxi enterprises by providing tailored networking services for those aspiring to “go out” and achieving innovative development. Deputy Director General Sun pointed out that as an overseas non-governmental organization, SRCIC should operate in accordance with laws and regulations. It should leverage its role as a platform and bridge to help local firms to “go out” and facilitate cooperation between them and their potential foreign partners. In doing so, SRCIC will make a contribution to the development of Shaanxi Province. The discussion was also joined by Director of Foreign Affairs Liaison Division of Shaanxi Provincial Department of Commerce Li Xiaoling, Director of Foreign Trade Division Li Lin, Deputy Director of Foreign Affairs Liaison Division Guo Chen, Deputy Secretary Generals of the SRCIC Li Qiang and Huang Zhe.
Concurso de Dibujo México-China
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Concurso de Dibujo México-China
16 Jul 2021
Concurso Internacional de Dibujo para Niños y Jóvenes 2021 Capítulo China-México A fin de promover el intercambio cultural entre niños y jóvenes de China y México, así como profundizar el entendimiento mutuo y la amistad, fortalecer la cooperación en la cultura, el arte y el turismo entre ambos países, invitamos a los niños y jóvenes de entre 3 y 16 años de edad a participar en el Concurso Internacional de Dibujo para Niños y Jóvenes 2021, organizado por la Cámara de Comercio Internacional de la Ruta de la Seda (Shanghái) y el Consulado General de México en Shanghái. El tema principal del concurso de dibujo es " México en los ojos de los niños y jóvenes", que incluye: la Amistad entre México y China, Viajar por México, Paisajes del Caribe, Cuentos de hadas populares, Arquitectura, Gastronomía, Danza folclórica, Artesanía en general y El Día de Muertos. Los participantes estarán divididos en tres grupos: de 3 a 6 años, de 6 a 9 años y de 9 a 16 años. El concurso quedará abierto a partir de la publicación de la presente convocatoria y hasta el 31 de agosto de 2021. Para mayor información, favor de consultar al siguiente correo electrónico (atención en inglés o mandarín): info@bwfer.com
E-courses and specialised programmes offered by ICC Academy: Part Two
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E-courses and specialised programmes offered by ICC Academy: Part Two
12 Jul 2021
Dear SRCIC members, We are delighted to present to you E-courses and specialised programmes on trade finance and cross border transactions (Part Two) provided by ICC Academy. INTERNATIONAL BUSINESS Incoterms® 2020 Certificate (INCO) The Incoterms® 2020 Certificate (INCO) provides a comprehensive working knowledge of ICC's globally recognised commercial trade terms, which offer specific guidance for corporate professionals involved in trade and international business transactions, trade and logistics professionals and those working in legal and regulatory affairs. This professional certificate helps traders avoid costly misunderstandings by clarifying the tasks, costs and risks involved in the delivery of goods. The certification includes access to 7 online, interactive lessons and the final exam, also taken online. Total learning time is approximately 4-5 hours and the course is available in English or Spanish. › Lesson 1: Overview of Incoterms® Rules › Lesson 2: Definition of Incoterms® 2020 › Lesson 3: Obligations Part 1 › Lesson 4: Obligations Part 2 › Lesson 5: Comparison Matrix › Lesson 6: Industry Case Studies › Lesson 7: Assessment Learn more at: https://icc.academy/certifications/incoterms-2020-certificate/?utm_source=SRCIC&utm_medium=Website&utm_campaign=SRCIC Export/Import Certificate (EIC) The EIC is the ICC's international trade certification that provides comprehensive and practical knowledge on how to conduct cross-border transactions. It will benefit export and import managers, trade finance bankers, freight forwarders and carriers, customs brokers, private and government inspectors and auditors, insurance providers, trade lawyers and trade promotion executives. The certification is split across 5 courses and the final exam, all taken online. Each of the courses will take 3-4 hours to complete and is designed to give you an in-depth understanding of international trade processes and their related risks. In total the EIC will take approximately 21 hours to complete. COURSES › International Trade Overview › Business Transactions and Contracts › Financing and Security Devices › International Logistics and Sourcing › Global Business Management Learn more at: https://icc.academy/certifications/export-import-certificate/?utm_source=SRCIC&utm_medium=Website&utm_campaign=SRCIC Free Trade Agreement Certificate (FTAC) The ICC Academy's Free Trade Agreement Certificate (FTAC) is designed to simplify the often difficult and legalistic FTA rules to help businesses access new markets, higher gross margins through cost reduction, and the ability to source new suppliers at more competitive rates. This professional certificate provides a collaborative mapping of how business units can come together to overcome perceived technicalities and generate revenue-boosting solutions – applicable to any size and industry sector. Divided into 5 lessons, the programme was developed by Globalab's Principal Trainer, Maler Vilee, who has more than 15 years of experience working with governments in trade, investment and free trade agreements. The three-hour interactive course aims to train companies, especially small and medium-sized enterprises, to be adept at using FTAs to boost export competitiveness and identify new growth opportunities. › Lesson 1: Strategic Planning Behind FTAs › Lesson 2: Overview of the FTA basics › Lesson 3: Importance of FTAs for Business Operations › Lesson 4: Industry Case Studies › Lesson 5: Assessment Learn more at: https://icc.academy/certifications/free-trade-agreement-certificate/?utm_source=SRCIC&utm_medium=Website&utm_campaign=SRCIC Invoicing Solutions Certificate (ESC) The E-Invoicing Solutions Certificate (ESC) explains the steps necessary to adopt e-invoicing, the processes for successful implementation and its benefits with the aim of expanding business. Divided into 5 lessons, the programme has been created alongside Mastercard and in partnership with Basware and Xero. The certificate leverages a deep understanding of the digital payment ecosystem to increase the efficiency of an organisation’s finance operations while making it easier to transact with customers. › Lesson 1: Traditional Methods › Lesson 2: E-Invoicing Overview › Lesson 3: Going Digital › Lesson 4: Industry Case Studies › Lesson 5: Assessment Learn more at: https://icc.academy/e-invoicing-solutions-certificate-esc/?utm_source=SRCIC&utm_medium=Website&utm_campaign=SRCIC Microfinance Associate Certificate (MAC) The Microfinance Associate Certificate (MAC) provides a practical overview and leverage a deeper understanding of challenges and processes required to achieve businessreadiness for anyone joining the microfinance industry. Comprising 5 courses, the programme has been created in partnership with Satin Creditcare Network (SCNL), one of the world’s leading microfinance providers. Microfinance institutions and services provide financial assistance and awareness to people living in less-developed economies. The certificate covers the primary models, application methods and impact of microfinance, as well as the possible risks and mitigation strategies. Courses › Introduction to Microfinance › Microfinance Ecosystem and Application › Microfinance Technology and Analytics › Microfinance Risk and Mitigation › Microfinance Indicators and Impact Learn more at: https://icc.academy/microfinance-associate-certificate-mac/?utm_source=SRCIC&utm_medium=Website&utm_campaign=SRCIC
E-courses and specialised programmes offered by ICC Academy: Part One
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E-courses and specialised programmes offered by ICC Academy: Part One
9 Jul 2021
Dear SRCIC members, We are delighted to present to you a series of e-courses and specialised programmes on trade finance and cross border transactions provided by ICC Academy. ABOUT THE ACADEMY Founded in 2015, The ICC Academy is a ground-breaking e-learning platform brought to you by the International Chamber of Commerce (ICC), the world’s business organization. We offer dynamic e-courses and specialised programmes on trade finance and cross border transactions designed by leading industry experts to meet the educational needs of banks, corporates and other organisations at the forefront of international trade. We are part of the International Chamber of Commerce (ICC) –the world’s largest business organization representing more than 45 million companies in over 100 countries. ICC’s core mission is to make business work for everyone, every day, everywhere. Through a unique mix of advocacy, solutions and standard setting, ICC promote international trade, responsible business conduct and a global approach to regulation, in addition to providing market-leading dispute resolution services. ABOUT THE COURSES & PROGRAMMES Part I: TRADE FINANCE Global Trade Certificate (GTC) The GTC is an introductory-level programme designed to help you build a foundational understanding of global trade finance solutions. It will benefit transactional and relationship managers—as well as executives from management, credit, legal and compliance functions. Comprising 6 core courses and 3 electives, the industry-validated syllabus was developed by a group of leading trade finance experts drawn from ICC’s Banking Commission. Each course has been tailor-made to learn the essentials of global trade finance. CORE COURSES › Introduction to Trade Finance › Introduction to Collections › Introduction to Distributor Finance › Introduction to Documentary Credits › Introduction to Guarantees › Introduction to Receivables Finance ELECTIVE OPTIONS (Select 3) › Introduction to Capital and Pricing › Introduction to Compliance › Introduction to Cross Border Trade › Introduction to Fraud and Reputational Risk › Introduction to Risk Distribution › Introduction to Standby Letters of Credit › Introduction to Supply Chain Finance › Introduction to Trade Finance Sales Learn more at: https://icc.academy/certifications/icc-global-trade-certificate/?utm_source=SRCIC&utm_medium=Website&utm_campaign=SRCIC Certified Trade Finance Professional (CTFP) The Certified Trade Finance Professional (CTFP) is an advanced professional certificate programme providing training and certification on key trade finance products, techniques and compliance issues. Comprising 5 core courses and 4 electives, the industry-validated syllabus was developed by a group of leading trade finance experts drawn from ICC’s Banking Commission. Each e-course has been tailor-made to develop the skills needed to sell, deliver and process global trade finance solutions. CORE COURSES › Advanced Working Capital for Trade › Advanced Documentary Credits › Advanced Guarantees › Advanced Supply Chain Finance › Export Finance ELECTIVE OPTIONS (Select 4) › Digital Trade Finance and Fintechs › Managing Trade Sales › Managing Trade Operations › Managing Trade Products › Advanced Commodity Finance › Advanced Standby Letters of Credit Learn more at: https://icc.academy/certified-trade-finance-professional/?utm_source=SRCIC&utm_medium=Website&utm_campaign=SRCIC To be continued!
China's strong economic growth in 2021 positive news for Italian exporters, experts say
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China's strong economic growth in 2021 positive news for Italian exporters, experts say
19 Jan 2022
ROME, Jan. 18 (Xinhua) -- China's stronger-than-expected economic growth in 2021 sent ripples around the global economy, including in Italy, which considers China as one of its top trade partners, Italian business insiders and media have said. On Monday, China announced that its gross domestic product grew 8.1 percent year-on-year in 2021, despite lingering impacts from the two-year-old COVID-19 pandemic. The news helped bolster the performance of the Italian Stock Exchange in Milan, which surged more than one percent in early trading on Monday. "The data released Monday was important for China, with an impact on the world economy, as well as on Italy's economy," Mario Boselli, president of the Italy China Foundation, told Xinhua. The Milan-based institution aims to promote stronger trade and cultural ties between the two countries. "It's a good sign for the start of the year," Boselli said. "We should see it as something positive and encouraging." Boselli's views were echoed in multiple Italian media. Il Sole 24 Ore, Italy's top financial daily, explored the broad impacts of China's economic data on European economies, while online daily newspaper Formiche said that China's economic performance exceeded the expectations of many economists it had surveyed. Il Sole 24 Ore also called the Chinese central bank's decision to cut loan rates "prudent." China's central bank Monday cut the interest rates of its medium-term lending facility (MLF) loans and reverse repos by 10 basis points amid the country's efforts to lower lending costs and further shore up economic growth. Milan-based newspaper Il Giornale said China's economic performance was a "positive sign" that China reached its growth targets as the world waits for the definitive 2021 growth data from other countries. "The world was watching," the newspaper's editorial on the topic said. The upbeat news out of Beijing is particularly relevant in export-oriented economies like Italy, experts said. Robust economic growth in China could help improve Italian exports, helping economic growth while other sections of the Italian economy, such as tourism, services, and domestic consumption are slower to recover from the negative economic impacts of the pandemic. Boselli said the latest developments could help the Italian fashion, design, and lifestyle sectors, as well as producers of medical supplies and machinery components and parts. "We could see fashion exports improve by 30 to 50 percent this year," he said. Though China is far larger than Italy, there are some similarities between the two economic partners, noted Boselli, who has traveled to China more than 150 times over more than four decades. "Both countries are important manufacturers in the world. We both have many small- and medium-sized companies, and internal supply chains," he said. What Italy could learn from China's economic performance in the wake of the pandemic, Boselli said, is China's "determination" and "resilience." Italian exports to China kept growing in the first 11 months of 2021, reaching 27.65 billion U.S. dollars, up 40 percent year-on-year, Chinese customs data showed. Source: Xinhua
BRI poised to put Syria on recovery path
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BRI poised to put Syria on recovery path
19 Jan 2022
Chinese Ambassador to Syria Feng Biao (L) shakes hands with Khaled Hboubati, the head of the Syrian Arab Red Crescent (SARC), after signing a delivery note for the food aid in Damascus, Syria, on Jan 16, 2022. [Photo/Xinhua] With rebuilding urgency, partnership with China provides hope, experts say. With war-torn Syria becoming the latest Middle Eastern country to join the China-proposed Belt and Road Initiative, the stepped-up cooperation between the two countries is also expected to benefit a region long held back by conflict, experts said. Joining the BRI "will bring considerable investments and aid … as Syria starts its long-term post-conflict reconstruction in the next few years," said Nabil Sukkar, founder of the Syrian Consulting Bureau for Development and Investment, a consultancy in Damascus. Sukkar, a former senior economist at the World Bank, said the move comes as Syria turns farther "east in its trade relations following Western sanctions imposed on it as of the beginning of the current Syrian conflict in 2011". On Jan 12, Fadi Khalil, head of the Planning and International Cooperation Commission in Damascus, and Feng Biao, China's ambassador to Syria, signed a memorandum of understanding at a ceremony marking Syria's admission to the BRI. The ceremony was the latest high-profile event involving the two nations since Syrian President Bashar al-Assad's reelection in May last year. Khaled Almasri, a former dean of the faculty of international relations and diplomacy at Al-Sham Private University in Damascus, said it is in Syria's "national interest" to join the BRI as a new opportunity to establish bilateral and multilateral relations with other countries. At the ceremony last week, Khalil said that the admission of Syria into the BRI revives the country's old role on the ancient Silk Road. Feng said that the cooperation between the two countries will provide "the greatest contribution" to Syria's economic reconstruction and social development. Sukkar notes that since Syria had been among the nations on China's "2,000-year-old Silk Road", it made sense for Syria to become part of the modern initiative. Also last week, Gulf Cooperation Council Secretary-General Nayef bin Falah Al-Hajraf, as well as the foreign ministers of Oman, Kuwait, Saudi Arabia and Bahrain-and separately those of Turkey and Iran-visited China to discuss respective bilateral relations. They are among the 144 countries and regions that have signed MOUs on participation in the initiative, according to China's Belt and Road portal. Syria has been mired in conflict and divided into enclaves since the civil war started in 2011. More than 350,000 people have died during its decade of war, according to the United Nations. The Syrian Observatory for Human Rights estimates the number of fatalities at around 600,000. International humanitarian organization World Vision estimates that 6.8 million refugees and asylum-seekers have fled Syria, while 6.7 million have been displaced internally. In its 2021 report, it said the economic cost of Syria's conflict had reached $1.2 trillion. Economic potential Anis Khayati, an economics professor at the University of Bahrain, said the restoration of large areas by Assad's forces had helped reinforce China's vision of investing in Syria's long-term economic potential, which benefits its vision for the BRI. "Beijing's arrival at the Syrian ports is an attractive opportunity for China to connect with Eurasia," said Khayati, adding it will help facilitate support between the two countries on international platforms. Almasri believes China can offer "outstanding economic help", starting with immediate humanitarian aid, such as food packages, and creating job opportunities. China can also play a constructive role in helping Syria through its political reform and transition period. Syria received more than 4,000 metric tons of rice from China on Sunday. The Syrian Health Ministry received 1 million doses of COVID-19 vaccines from China on Jan 3. Almasri said the fact that China "is the only country in the world able and willing to help Syria in the reconstruction process" is the most important reason for fostering relations. The academic said China could also support university students through research programs and cultural activities to advance both countries' interests. Sukkar said that Syria's political and economic relations with China have always been "deep and friendly", saying "Syria learned a lot from China" when China started its liberalization process. Xinhua contributed to this story. Source: China Daily
RCEP to drive growth of cross-border e-commerce in China
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RCEP to drive growth of cross-border e-commerce in China
21 Dec 2021
A visitor checks out ASEAN imports at a commodities fair in Wuhan, Hubei province, on Oct 12. [Photo/Xinhua] The expected implementation of the Regional Comprehensive Economic Partnership agreement will usher in a new wave of growth for China's cross-border e-commerce sector, experts and business leaders said. Signed in November last year among 15 Asia-Pacific economies including China and all the 10 member states of the Association of Southeast Asian Nations, the agreement will take effect on Jan 1 in 10 signatory members-namely Brunei, Cambodia, Laos, Singapore, Thailand, Vietnam, China, Japan, New Zealand and Australia. Wang Xin, executive president of the Shenzhen Cross-Border E-Commerce Association, said implementation of the RCEP agreement, which will be carried out first in the 10 countries and is expected to extend to all the 15 members in the future, will bring multiple opportunities to China's fast-growing cross-border e-commerce businesses. "The RCEP covers both China and ASEAN, two of the most promising markets in the world whose populations are about 1.4 billion and 600 million, respectively. It is expected that more than 90 percent of trade in goods will enjoy zero tariffs in the RCEP region, providing a very favorable environment for trade and investment growth," Wang said. Costs of regionally sourced raw materials for Chinese enterprises will be significantly reduced under the trade rules of the agreement, especially the common rules of origin that only require 40 percent of regional content for goods to be considered of RCEP origin, much lower than the threshold of other free trade agreements. That also means the competitiveness of Chinese suppliers, which are already known for offering quality products at relatively cheap prices, will be further bolstered, creating opportunities for Chinese businesses to sell goods to overseas markets in the RCEP region, she said. More importantly, as the agreement asked members to simplify Customs procedures and expand coverage of preferential tariff policies, efficiency of cross-border logistics will be effectively improved with costs largely reduced. This will benefit the growth of not only logistics enterprises but also overseas warehousing businesses and cross-border e-commerce firms, Wang said. Experts said the RCEP agreement will facilitate Chinese cross-border e-commerce enterprises in expanding their presence in markets that currently impose relatively high tariffs on Chinese products. Wei Jianguo, vice-chairman of the Beijing-based China Center for International Economic Exchanges, said the agreement has high-standard policies for e-commerce and other sectors. It will become easier for small and medium-sized enterprises, especially private enterprises, in China to go global, Wei said. Wang said cross-border e-commerce has great growth potential in fields like electronic products, apparel and toys in the Pearl River Delta region, sports equipment, electrical products and home fabrics in the Yangtze River Delta region, and electronic equipment, biomedicines and auto parts in the Beijing-Tianjin-Hebei region. The growth potential is supported by traditional offline foreign trade, the fast development of Chinese e-commerce platforms and the push by the country's authorities for innovation-driven development. Vincent Yang, CEO of JD Central, an e-commerce joint venture between Chinese e-commerce giant JD and Central Group, the largest retailer in Thailand, said implementation of the RCEP agreement promises a future of unified standards and procedures for trade in the region. This will facilitate standardized management and local operations for businesses, create a better environment for the development of cross-border e-commerce businesses and also boost economic and trade cooperation. Underpinned by the large population, fast economic growth and wide internet access, Southeast Asia has become a market of great potential for China's cross-border e-commerce enterprises. JD Central, which officially started operations on Sep 28,2018, registered fast growth in the past three years, Yang said. The company established eight localized warehouses in Thailand. Thanks to that, it is able to deliver 95 percent of purchases in Bangkok within a day after customers place their orders and 85 percent of purchases in other parts of the country within two days. Last year, gross merchandise volume and orders on the platform increased by 170 percent and 82 percent from 2019, respectively. Many Chinese brands, including Huawei, Hisense and TCL, have joined hands with JD Central to expand sales in Thailand, Yang said. Source:China Daily
Interview: World Bank official says China's strong support for IDA "highly appreciated"
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Interview: World Bank official says China's strong support for IDA "highly appreciated"
21 Dec 2021
WASHINGTON, Dec. 19 (Xinhua) -- A World Bank senior official has said that China has been increasingly engaged as a donor in the International Development Association (IDA), the bank's fund for the poorest countries, noting that its strong support is highly appreciated. "China has been very supportive, they have increasingly engaged as a donor, which has been welcomed," World Bank Managing Director of Operations Axel van Trotsenburg told Xinhua in a recent virtual interview. Looking back at China's relationship with the World Bank during the past four decades, van Trotsenburg said "it's a very interesting story." "China received, in the 80s, IDA money and has invested it very well with very good return," said the World Bank official. "And China also thought, well, this is something where also they would like to give back what they received." "Over 10 years, 12 years, they have become a donor, highly appreciated, but it is the mindset, that is important," van Trotsenburg said. "It is that we work together to help countries when then countries become more prosperous, they are also giving money back. And we like that idea, and support that." The World Bank's IDA, established in 1960, helps the world's poorest countries by providing grants and low to zero-interest loans for projects and programs that boost economic growth, reduce poverty, and improve poor people's lives. The World Bank recently announced a 93-billion-U.S.-dollar replenishment package of the IDA to help the world's 74 poorest countries, focusing on their recovery from the COVID-19 crisis. IDA's 19th funding cycle (IDA19) kicked off in July 2020, and a record replenishment of 82 billion dollars was originally expected to finance projects over the three-year period ending June 30, 2023, according to the multilateral lender. The 20th replenishment of IDA was advanced by one year due to scaled up pandemic response. IDA20 will cover the period of July 1, 2022 to June 30, 2025. The latest financing pledge of 93 billion dollars brings together 23.5 billion dollars of contributions from 48 high- and middle-income countries with financing raised in the capital markets, repayments, and the World Bank's own contributions. Noting that donors have provided roughly the same amount in support as in IDA19, van Trotsenburg said "we have been grateful of their generosity given that also, everybody is under a difficult fiscal situation." The World Bank official noted that every dollar that donors contribute to IDA is now leveraged into almost 4 dollars of financial support for the poorest countries, adding that "it's a good deal" for both the donors and the beneficiary countries. For countries that are in fragile situation, such as Haiti, Mali and Somalia, the IDA is offering grants, while for a group of countries that can afford loans, the IDA is providing long-term zero-interest loans or soft loans, van Trotsenburg said. "So we need to see there is a whole spectrum of countries, and we have designed that in such a way that we optimize A, to support and B, how we best finance," he said. Amid the pandemic, the World Bank not only spent much more on health emergency, including vaccines, personal protective equipment (PPE), and on strengthening health system, but also boosted its support in social and education sector, as many people lose jobs and go hungry, and many kids can't go to school due to lockdowns, according to van Trotsenburg. About 40 percent of the bank's interventions are COVID-19 related, the World Bank official noted. Beyond that, he said what the World Bank is emphasizing is to help countries get back to the development agenda, and enable them to build back inclusively. "We need to regain the losses that happened over the last two years and what the bank has been very firm about is we are not only a hundred percent, we are 150 percent committed to push very hard to development agenda," said the World Bank official. "The World Bank at the end of the day is about long term development," he continued. "How do we give people a chance to develop their abilities, to have a chance to have decent lives, have an education, have jobs, and ultimately, really go from a low income status to middle income status, and ideally to go further." Van Trotsenburg noted that the bank has been stepping up "enormously" its climate engagement, with its climate financing going up in recent years and accounting for a bigger share of its total financing. He said the bank has a target to make 35 percent of its financing climate related, and that in the IDA20 translates into about 33 billion dollars of investment commitment. "We are not an organization who want to fly in and fly out. We are not there for the cameras, we are for the hard development. And that's what we are standing for," said the World Bank official. Source: Xinhua
China's digital economy yields fruitful results in 2021, creating more international cooperation opportunities
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China's digital economy yields fruitful results in 2021, creating more international cooperation opportunities
17 Dec 2021
A staff member displays a smart mirror at the China International Digital Economy Expo 2021 in Shijiazhuang, north China's Hebei Province, Sept. 7, 2021. (Xinhua/Wang Xiao) BEIJING, Dec. 16 (Xinhua) -- 2021 is not only the first year of China's 14th Five-Year Plan period (2021-2025), but also the crucial year to realize the objective of "creating new advantages of the digital economy". In 2021, China's digital economy has yielded fruitful results, becoming a new growth engine for the high-quality economic development. Meanwhile, China is also building up international communication and cooperation platforms for the digital economy and sparing no effort to promote international cooperation on infrastructure construction, digital transformation, e-commerce, global standardization, and international exchange of professionals. --China's digital economy constantly empowered by new growth drivers Data shows that China's digital economy ranks the second in the world, and China has built the world's largest fiber optic network and 4G network. In the first half of this year, the revenue of pillar industries of China's digital economy witnessed a 34.2 percent increase year on year, 3.6 percentage points higher than that in the first quarter, representing a positive growth trend of the digital economy in China. During the same period, China saw a year-on-year increase of 8.7 percent in telecommunications revenue and a year-on-year increase of 23.2 percent in the revenue of software and information technology services. New business models such as IPTV, internet data center, big data, cloud computing and artificial intelligence (AI) are speeding up their process of industrialization. According to statistics, in the first six months of this year, new services have become the fastest-growing services in the telecommunications industry, with a year-on-year increase of 27 percent. Among them, cloud computing and big data have caught much attention as their year-on-year growth rates reached 96.7 percent and 31.3 percent respectively, making them real "front-runners". Meanwhile, a series of supporting policies for the digital economy have been actively introduced in China. According to a three-year action plan for the new data center development recently released by the Ministry of Industry and Information Technology (MIIT), by the end of 2021, the national average utilization rate of data centers will be increased to more than 55 percent. The digital economy has become a major development objective and new growth engine in many regions in China. The local government of southwest China's Chongqing Municipality pledged by 2025, its digital economy scale will exceed 1 trillion yuan, while southwest China's Sichuan Province clarified that the digital economy of the province will reach over 3 trillion yuan and account for 43 percent of its GDP by 2025. North China's Tianjin Municipality proposed a "digital Tianjin" plan, raising the added value of its digital economy to over 55 percent of its regional GDP by 2023. --China's booming digital economy brings opportunities to the world China's booming digital economy has become a key field in international cooperation. In November this year, China filed a formal application to join the Digital Economy Partnership Agreement (DEPA), which will help China enhance the competitiveness and influence in digital economy. "China enjoys the leading position in digital economic development in the world. The contribution of digital economy to GDP has surpassed other major industries," said Liu Ying, a researcher of Chongyang Institute for Financial Studies of Renmin University of China, adding that as the largest trader in goods, the second largest trading nation in services and the second biggest economy in the world, China's joining will significantly improve the global influence and attraction of the DEPA. Meanwhile, the prosperous development of China's digital economy has brought more international cooperation in infrastructure, e-commerce and international standardization. China is actively helping African countries bridge the "digital gap". By far, over 1,500 enterprises in 17 cities across 15 African countries have cooperated with Chinese enterprises in digital transformation, and 29 African countries have applied the smart governance services provided by Chinese enterprises. Experts and business representatives hold that the deepening cooperation in digital economy between China and Africa will facilitate the fast progress of Africa's Internet economy. As an important carrier of strengthening information connectivity, China-ASEAN digital cooperation covers fields such as big data, artificial intelligence (AI), smart city and 5G. To meet the booming demand for China-ASEAN digital economic cooperation, the two sides are speeding up the construction of the China-ASEAN Digital Trade Center in south China's Nanning. It is learned that the center will attract a total investmentof nearly 25 billion yuan, and is expected to be home to at least 20,000 enterprises. "ASEAN is a magnet for digital economic development," said Deng Xijun,Chinese ambassador to ASEAN, adding that the total market size of digital economy in China and ASEAN will reach 9.58 trillion U.S. dollars, which will provide a broad space for both sides to expand cooperation. Experts forecast that by 2025, China's digital economy is expected to account for over 50 percent of its total GDP. Some institutions also predict that by 2023, the output of the world's digital economy will account for 62 percent of the global GDP. Source:Xinhua Silk Road
China offers meteorological satellite services to 121 countries, regions
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China offers meteorological satellite services to 121 countries, regions
17 Dec 2021
China sent a meteorological satellite Fengyun-4B into planned orbit from the Xichang Satellite Launch Center in Sichuan Province on June 3, 2021.(Photo by Guo Wenbin/Xinhua) BEIJING, Dec. 17 (Xinhua) -- China has provided its Fengyun meteorological satellite data to 121 countries and regions, including 85 along the Belt and Road, its meteorological authority said Friday. Fengyun satellites are a series of remote-sensing meteorological satellites developed by China. Two new satellites launched this year, Fengyun-3E and Fengyun-4B, have already received orders from global users, according to the China Meteorological Administration. The country has also offered technical training to over 1,400 professionals from 92 countries and regions. Data services and technical personnel training are free of charge to all users, said Xian Di, a senior official with the administration. "Global users will enjoy the same treatment in data access as their Chinese counterparts," Xian noted. China plans to launch five more meteorological satellites during the country's 14th Five-Year Plan period (2021-2025) and upgrade to the third-generation Fengyun satellite observation system by 2035, to better serve users along the Belt and Road in disaster prevention and relief. Source: Xinhua
The PSRICC Entrusted By the China Charity Federation "Kits of Love" Handed Over To Manila Government
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The PSRICC Entrusted By the China Charity Federation "Kits of Love" Handed Over To Manila Government
14 Dec 2021
Above, Alfredo Morino,theMayor of Manila receives the "Kits of Love" donated by the CCF. Below, some of the "Kits of Love" materials are shown. Entrusted by the Chinese side,SRCIC member PSRICC held a ceremony at Manila City University on December 13 to hand over 2,000 "Kits of Love" donated by China to the Manila City Government. Roberto Morino, the Mayor of Manila received the donation, whichwill be distributed by the city government among public school students. Someone of PSRICC who attended the handover ceremonyfor the hand in handstudent activitiesof the 4th "Belt and Road · People-to-people Connectivity" were,Vice President Jerry Cua,the Diplomatic Sharon Sy, the Diplomatic Bryan Ang, Foundation Chairman of PSRICC and SRCIC Vice Chairman Amb. Francis Chua andhis daughter Dr. Beatrice,DirectorHuang Guojie, andthe Secretary-general Pol Ongkinglok.Attendees are alsoCarlos Arias, Presidentof the Manila City University, And Director of the Philippine Chamber of Commerce and Industry, Jesus B. Varela, the Director of thePCCI and theManila City University. To implement the speech spiritof President Xi Jinping,at the opening ceremony in the 73rd World Health Assembly Video Conference,titled "Unity and cooperation over the pandemic,Building acommunity of health for mankind, to consolidate the traditional friendship among the peoples of the world, and strengthen the people-to-people friendly, promote the hearts and minds are interlinked, China Charity Federation, China Council For the Promotion of International Exchange for Non-governmental Organizations, jointly carried out the 4th "Belt and Road · People-to-people Connectivity" student Hand in hand donation activity of "Kits of Love". Recommended by the Chinese Embassy in the Philippines, CCF entrusted PSRICCto coordinate with the Philippine government to distribute the donations to students in the Philippines, so as to make due contributions to the fight against the epidemic. Through the campaign, China donated 2,000 "Kits of Love" to every countryalong the Belt and Road. Each care bag contains: surgical mask, cooling oil, hand sanitizer, oil painting stick, compressed biscuits. All the items were distributed to domestic students to fight the epidemic. Source: PSRICC
INOV Contacto International Internships
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INOV Contacto International Internships
19 Jul 2021
Dear SRCIC members, We would like to inform you that "INOV Contacto" is now accepting applications for its International Internship Programme. If you want to strengthen your international team with a qualified, paid intern (whose profile is matched with the job description) during six months, you can take advantage of this programme that begins in January, 2022. "INOV Contacto" is an initiative promoted by the Portuguese Trade & Investment Agency since 1997, with more than 5,800 internships across 1,200 companies worldwide. To find out more and/or apply, click HERE.
SRCIC members attend the CPC and World Political Parties Summit
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SRCIC members attend the CPC and World Political Parties Summit
9 Jul 2021
On July 6, 2021, the Communist Party of China (CPC) and World Political Parties Summit was held via video link. Xi Jinping, general secretary of the CPC Central Committee and Chinese president, attended the summit in Beijing and delivered a keynote speech. In his speech titled Strengthening Cooperation Among Political Parties to Jointly Pursue the People's Wellbeing, Xi stressed that political parties, as an important force behind human progress, need to set the right course forward and shoulder their historic responsibility to ensure the people's well-being and pursue human progress. He also pointed out that the CPC stands ready to work with world political parties to be builders of world peace, advocates for global development, and guardians of the international order. Xi Jinping, general secretary of the CPC Central Committee and Chinese president, delivers a keynote speech (Source: Xinhua News Agency) The cloud summit gathered leaders of more than 500 political parties and organizations from over 160 countries. Political parties from 100-plus countries set up nearly 200 venues in their home countries to organize their representatives to attend the summit. SRCIC members including the Philippine Silk Road International Chamber of Commerce (PSRICC), Chinese Southeast European Business Association (CSEBA), Arab-Chinese Cooperation and Development Association, Office of Georgian Chamber of Commerce and Industry in China, Silk Road Association Alliance members including Latin American Centre of Political and Economics Studies of China (CLEPEC), Malaysian Chamber of Commerce and Industry in China, and SRCIC partner Russian Federation Chamber of Commerce and Industry in Eastern Asia (Beijing) attended the summit. Francis Chua, Vice Chairman of SRCIC and Chairman of the PSRICC pointed out that this year marks the centenary the CPC. For 100 years, the mission of the CPC has been to bring prosperity to the Chinese people. Through decades of arduous struggle, the CPC has achieved one victory after another, profoundly changing the history and destiny of China. The PSRICC is willing to promote the cooperation between the Philippine business community and China. “When we communicate with countries around the world, we will tell them that China is a country that values peace, a country that cares about its people and its neighbors, a country that keeps its word and walks by its word. We will tell the world about China's efforts in promoting global peace and development. That's what we at the PSRICC are doing, and we want to continue to tell good stories about China,”Chua said. The image above is President Xi Jinping delivering a keynote speech. The image below, at left, is President Duterte's video address to the conference. On the right is the scene at PSRICC. Mario Rendulić, president of CSEBA said they will convey President Xi’s ideas to the Croatian people in a suitable way. He hoped that the Croatian leaders will have a deeper understanding of the CPC and draw on it to accelerate Croatia's development in all aspects. He then reiterated his willingness to further promote the Belt and Road Initiative in Croatia in the hope of building stronger ties between the two countries. President of CSEBA Mario Rendulić (R) and President of CSEBA in Asian-Pacific Li Zhenwei (L) attending the online meeting President of Arab-Chinese Cooperation and Development Association Kassem Tofailli(the first row from left) attending the online meeting Chief Representative of Russian Federation Chamber of Commerce and Industry in Eastern Asia(Beijing) Ivan A.Izotov attending the meeting Bekar, representative of Georgian Chamber of Commerce and Industry in China, congratulated on the success of the CPC and World Political Parties Summit. He expressed heartfelt congratulations on CPC's centenary and wished China continuous progress and development. He said that from the perspective of history, the period of 100 years is very short. But within such a short time frame, Chinese people managed to make unprecedented achievements under the leadership of the CPC.China is an important strategic partner of Georgia, and the two countries enjoyatime-honoredfriendship and close cooperation, which he hoped to continue to deepen and develop in the years to come. Source: People's Daily and SRCIC members
Diversity Defeats Singularity: Daryl Guppy
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Diversity Defeats Singularity: Daryl Guppy
9 Jul 2021
The axis of the world is inexorably tilting, although some are reluctant to acknowledge this. Just how this tilt will rebalance is the key question of our time. Two potential answers are encapsulated in the Group 7 meeting and the World Political Parties Summit of 160 countries and over 500 leaders of parties and political organizations. The sheer imbalance of numbers attending these respective meetings is proof enough alone of the momentum tilting the axis. The pressure for change in the structure of international trade relations is building and it is enabled by the increased connectivity made possible by advances in 5G and AI. The current “global order” labelled by a few countries is an extension of the outdated imperial order and excludes most countries from any meaningful participation in creating the rules that govern international trade. The time has come for these rules to be based on internationally recognised norms rather than rules imposed by an elite few. Block-chain solutions help eliminate inefficiencies in trade settlement but they require common and cooperative standards. These cannot be achieved if the process is dominated by the interests of just a few countries. The World Political Parties Summit held on July 6 via video link considered alternatives to the narrow-based hegemony favoured by the G7. It united the conversation around the concept of Governance delivering “the common values of humanity” by fostering broad-minded tolerance in the understanding of values of different civilizations. The Communist Party of China (CPC) and World Political Parties Summit is held via video link in Beijing on July 6, 2021. (Photo/Xinhua) The Summit recognised that no single political system provided a universal solution to the common question of how to improve living standards for their citizens. This is the key difference in approach, with the Summit embracing a diversity of solutions free from ideological blinkers. Global business organisations like the Silk Road Chamber of International Commerce have long recognised that there is a diversity of solutions to bringing prosperity to citizens. The Summit confirmed this approach must also extend to political parties and Government. In contrast to the G7 meeting, the summit recognised that “There doesn’t exist a fixed model for the path to modernization” so each country will select the path that serves it well. Central to progress is the freedom to develop in ways that are most appropriate for the economic and social stage of development. This is why the summit also rejected the idea that any country had the right to try to limit the prosperity of others by denying access to technology, innovation and financing. This ‘developmental decoupling’ works against the need to build a community with a shared future for mankind. In contrast to the G7 meeting, the World Political Parties Summit bought a breath of fresh air and new cooperative thinking. The summit showed the axis of the world is tilting towards giving more voice to choose and diversity and away from domination by a few. Source: cnfocus.com
Forthcoming book: China for SMEs Essential Elements of Success
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Forthcoming book: China for SMEs Essential Elements of Success
12 Apr 2021
Mr. Daryl Guppy, SRCIC member and Chairman of Australia China Business Council (ACBC), will release his new book China for SMEs Essential Elements of Success. He is also the founder and CEO of Guppytraders.com, an international financial market education and training organisation with offices in Darwin, Singapore and Beijing. As China grows in importance to companies around the world, it is vital for companies to understand the Chinese business culture. This book is an essential read for anyone serious about successful business in modern China.Mr. Daryl Guppy outlines the crucial ingredients for success, culled from more than 20 years of experience in China business, official meetings and government advisory. Reviews "If you want to do business in China, this book is an absolute must. Nobody I know understands China and the Chinese people as well as Daryl Guppy. His knowledge and insights are built on his decades of business experience, his wide networks and friendships. I strongly recommend this book for anyone currently doing business, studying business or wanting to do business with China." John Brumby Former Premier of Victoria, Australia and National President of the Australia China Business Council 2014–2019 "Guppy's great skill is to eschew the usual cliches and urban myths about doing business in China. Instead, he emphasises the background work required to know your customer, know your market, know the diversity of China, even within a single city, know yourself, and know your offer, be it in products or services. Guppy's analysis will help many to get to success for years to come." Geoff Raby Former Australian Ambassador to China Independent ASX company director, Chairman, Geoff Raby and Associates "Daryl Guppy's book is a rich repository of behavioural observations, nuances and understandings which are fundamental to building the all-important relationships and trust that drive successful engagement with the Chinese. Anyone looking to engage successfully with the Chinese would benefit greatly from exploring the insights which shape the 'deep seated' perceptions of the Chinese people." Hon. Andrew Robb AO Former Minister for Trade and Investment and architect of the China Australia Free Trade Agreement For the further information , please download from https://worldscientific.com/worldscibooks/10.1142/12167
COVID-19 passport success relies on coordination: Daryl Guppy
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COVID-19 passport success relies on coordination: Daryl Guppy
15 Mar 2021
An International Certificate of Vaccination or Prophylax is shown in front of the Berlaymont, the EU Commission headquarter in Brussels, Belgium, March 13, 2021. /Getty Editor's note:Daryl Guppy is an international financial technical analysis expert. He has provided weekly Shanghai Index analysis for Chinese mainland media for more than a decade. Guppy appears regularly on CNBC Asia and is known as "The Chart Man." He is a national board member of the Australia China Business Council. The article reflects the author's views and not necessarily those of CGTN. Responses to COVID-19 in 2020 exposed significant cracks in the implementation of public health policy. Unfortunately that same dysfunction threatens the resumption of international travel and commerce because of lack of agreement about the form of a COVID-19 passport. In China, the public health response to COVID-19 was disciplined, coordinated and effective; in the United States, the response was disjointed with inconsistent standards applied by different states and by the political leadership; in the United Kingdom, the response was an abject failure of planning and implementation. Some countries – like Australia and New Zealand – effectively kept COVID-19 contained and managed by the simple expedient of closing their island borders. Celebration of the low infection rate in Australia disguised the failure to develop any nationally recognized track and trace system, with each State setting their own standards for quarantine, tracking and border closures. People have every reason to expect that the management of the post-COVID-19 recovery will draw on the lessons learned during the COVID-19 crisis. Unfortunately this does not appear to be the case as some countries are developing their own COVID-19 passport solutions without reference to others. Some other countries are simply not actively considering the issue at this time. At one level, developing a secure COVID-19 passport is simply a matter of applying the appropriate technology. It should be a straightforward solution using blockchain security features. The inability to develop COVID-19 track and trace systems in some countries suggests the problem of an acceptable COVID-19 passport may be more difficult to resolve. The passport must rest of unquestionable proof of vaccination. Currently, several groups are developing COVID-19 passports. China has just launched its digital version of a health certificate for international travelers. It uses an encrypted QR code based on blockchain security. Singapore has a government-led process. GovTech (Singapore) developed digital COVID-19 test credentials for travellers pre-departure validation. These are fully compliant with Singapore's SafeTravel program. Considerable work with blockchain based passports has been undertaken by the International Air Transport Association and the EU. They are well advanced in developing and adopting a standard. This initiative is led by business; so the challenge is to persuade governments to recognize the solutions. Elsewhere business organizations are taking the lead. The Australia China Business Council is urging the Australian government to support the development of a COVID-19 vaccine passport using blockchain technology to help open international travel. President David Olsson said "We see an opportunity for the Australian government to work with China and other nations in our region to develop the recommended standards for security, authentication, privacy and data exchange." Michelle Reeves and Marc Reeves and their family's passports to Australia seen on the counterspace, July 27, 2020. /Getty These varied approaches means questions remain around the compatibility and cross border acceptance of these COVID-19 passports. Mutual recognition of these different approaches is the first barrier to overcome before international travel can truly resume. However, immunization in itself poses a problem. People who have been vaccinated will show lingering historical evidence of a low level COVID-19 infection. These viral remnants may be picked up by the nucleic and serum IgM antibody tests regimes and deliver a COVID-19 positive result. This may prevent a green tick on the COVID-19 passport. The suggested solution is for proof of vaccination to be given absolute priority over any lingering COVID-19 positive result. At a deeper level, and more alarmingly, are the problems associated with the architectural foundations of a COVID-19 passport. It's an issue that is concerning many business organizations because it goes to the heart of the efficacy of a COVID-19 passport. This issue rests on the recognition of a range of vaccines that will provide the platform for a major boost for international tourism and for a resumption of international business and student travel. The COVID-19 passport is not genuinely useful unless it includes and recognizes "approved" vaccination sources which will enable quarantine free international travel. The architecture of the COVID-19 passport is the key issue because it rests on the mutual recognition of vaccines as suitable for permitting quarantine free travel. A COVID-19 passport requires much more than a green tick. Business groups have an important role to play in ensuring that the operational details of a COVID-19 passport, including mutual vaccine recognition, really make international business and tourist travel accessible and possible. Source: CGTN
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