IMF expects China's economy to return to normal in Q2
IMF expects China's economy to return to normal in Q2
24 Feb 2020
International Monetary Fund (IMF) Managing Director Kristalina Georgieva said here on Saturday that she expects China's economy to "return to normal in the second quarter" of 2020. "The Chinese authorities are working to mitigate the negative impact (of COVID-19) on the economy," Georgieva said, adding that she "had an excellent discussion" with Chinese senior officials. "In our current baseline scenario, announced policies are implemented and China's economy would return to normal in the second quarter," Georgieva said. "As a result, the impact on the world economy would be relatively minor and short-lived," she said at the G20 Finance Ministers and Central Bank Governors Meeting. Georgieva also expressed her "deepest sympathies" to the people in China and other affected areas, saying "the IMF stands ready to help." To avoid more dire scenarios, "global cooperation is essential to the containment of the COVID-19 and its economic impact, particularly if the outbreak turns out to be more persistent and widespread," Georgieva said. She also warned of "the potential risk for fragile states and countries with weak health care systems." Source: Xinhuanet.com
Zhangjiajie Introduces 30 Measures to Revive Tourism Market
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Zhangjiajie Introduces 30 Measures to Revive Tourism Market
20 Feb 2020
Since the outbreak of the novel coronavirus pneumonia, the city of Zhangjiajie in Hunan Province, the rotating presidency city of the Silk Road Urban Alliance initiated by Silk Road Chamber of International Commerce, has gained impressive victory over the epidemic with rapid response, mobilized actions and precise tactics. By 10:19 am of February 17, 2020, all five patients infected with coronavirus in Zhangjiajie had been discharged from hospitals. Among all cities in Hunan Province, Zhangjiajie was the last to have infected cases, yet the first and the fastest to treat all patients with success. The last patient infected with coronavirus in Zhangjiajie being discharged from hospital (Source: Hunan Daily ) Confronted with the epidemic, more than 1.7 million Zhangjiajie people demonstrated their courage and unity, and mobilized all sectors to fight the battle. On February 15, Zhangjiajie dispatched a team of 20 medics to the epicenter Wuhan in Hubei Province for support. On February 18, Zhangjiajie donated 152 tons of supplies to Wuhan, including vegetables, noodles, instant food, drinks, disinfectant, surgical masks and so forth, which arrived in Wuhan in the morning of February 19. Vehicles carrying supplies are ready for departure to epicenter Wuhan in Hubei Province. (Source: Zhangjiajie APP) On February 18, Zhangjiajie city enacted the 310 Action Plan for Supporting the Recovery of the Tourism Market in Zhangjiajie City, which includes 30 measures to boost the confidence of tourism industry and the revival of the tourism market. Zhangjiajie National Forest Park (Source: Zhangjiajie tourism website) The 30 measures covered policy support, product transformation, service improvement, marketing management,etc.. The ten measures to boost the tourism market are specified as such: After Zhangjiajie's scenic spots are re-opened, medical professionals across the country are entitled to free entry to and free transportation inside the scenic spots managed by 33 companies in Zhangjiajie until the end of this year; Within two months after re-opening the scenic spots, all tourists enjoy the policy of "buy one get one free" by 27 companies of scenic spots in Zhangjiajie, except for preferential tickets. In this period, 15 hotels and 18 inns will offer “one night for stay and one night for free” policy; In order to encourage travel agencies to organize tourist groups, travel agencies that attract more tourists, exert greater influence and offer better services will be awarded 50,000 yuan or more; In order to restore the traffic as soon as possible, subsidies and incentives shall be offered to airlines and dedicated rail routes; A series of projects will be carried out to re-energize the tourism market, such as "Zhangjiajie Online Sightseeing" and "Anti-epidemic Heroes gathering in Zhangjiajie". To heighten the morale and strength of tourism companies to survive this hard time, the Zhangjiajie municipal government has formulated 10 policies, including setting up special support fund, increasing financing measures, tax policy support, reducing business operating costs, higher rewards to companies making tremendous efforts, temporary and partial refund of the deposit for quality tourism service delivery, stronger employment support measures, reduction and lenient terms for rent, gas and water bills, and incorporating an oriented support system for municipal leaders to help companies more efficiently. Source: People's Daily APP; Hunan Daily; Zhangjiajie News APP, etc.
China to roll out a host of policies to boost economic development
China to roll out a host of policies to boost economic development
19 Feb 2020
China will boost agricultural production in the spring season and take a multi-pronged approach adopted to facilitate business operation and employment, with specific measures including provisionally lowering or waiving employers' social insurance contributions and deferring their payments to the housing provident fund, in an effort to boost economic development. These decisions were made at the State Council's executive meeting chaired by Premier Li Keqiang on Tuesday. "At this critical moment of epidemic control, we must facilitate spring plowing and farming preparations, while advancing outbreak response. For such a large developing country like China, agriculture is the foundation. We must tackle the outbreak in a science-based way, and lose no time in resolving the outstanding issues affecting spring plowing. The State Council's inter-agency task force should provide detailed guidance to facilitate orderly resumption of the manufacturing of agricultural supplies. The minimum purchase price for rice will be kept stable this year, and will be raised as necessary. Greater support will be provided to businesses of livestock products," Li said. The Tuesday meeting emphasized that farming is a strictly seasonal undertaking. For China as a major agricultural country having 1.4 billion mouths to feed, spring farming is too important to be delayed or missed. All sub-national governments must fulfill their jurisdictional responsibilities and lose no time to promote spring farming with comprehensive and concrete measures, thus laying a solid foundation for a bumper harvest of summer crops. Detailed and categorized guidance will be provided for science-based epidemic control in the rural areas. Localities will be directed to promptly start spring plowing and farming preparations from south to north of the country. Companies producing agricultural supplies will be urged to resume production as early as possible. Livestock and poultry farming must be intensified. Poultry farmers in the key regions, who suffered heavy losses, will be entitled to loan extensions and relaxed loan guarantee requirements. Resumption of hog production will be brought forward. The required number of slaughtered pigs that qualifies a hog farmer for loan interest discount will be lowered from 5,000 to 500. Major disease and pest prevention and control will be enhanced with closer monitoring and greater preparedness on all fronts. The prevention and control of major animal diseases such as H5N1 influenza and African swine fever will be heightened. The Tuesday meeting urged local authorities to set reasonable criteria for the resumption of work and production in their jurisdictions. Arbitrary guaranty or deposit requirements for companies who seek to reopen should be eliminated. Existing fiscal and financial support policies must be implemented at a faster pace. "Keeping employment stable is a pressing priority in the course of advancing epidemic control and economic and social development. This requires stable performance of corporate China. It is important to promptly introduce policies bolstering businesses, especially micro, small and medium-sized enterprises. Sound development of such businesses is vital to stable employment," Li said. "We must take employment as a first-order priority in maintaining stability in the six key areas, namely employment, finance, foreign trade, foreign investment, domestic investment, and expectation. No job means no income and no wealth creation. Every effort must be made to prevent massive lay-offs from happening. Sub-national governments must meet their responsibilities for keeping employment stable. The return of rural migrant workers should be well organized. Sound and practical epidemic control guidelines for different categories of enterprises should be promptly formulated to guide local authorities in setting reasonable criteria for the resumption of work and production in their jurisdictions," Li said. Targeted efforts should be made to ensure the employment of key groups of people. Except for regions hit hard by the outbreak and high-risk areas, unwarranted restrictions that make it hard for employees to get back to work must be resolutely reversed. Rural migrant workers will receive support in finding jobs in their hometowns or nearby cities under the existing programs of poverty eradication and local development. Given the record number of college graduates this year, plans for extending the time-line for college recruitments will be promptly worked out, and on-line hiring will be popularized. Enterprises will be supported in adding flexible jobs to meet the online consumer demand. The essential needs of the jobless must be provided for. "Online recruiting should be intensified to have their job seeks effort well catered," Li said. Employers' contributions to the old-age pension, unemployment and workplace safety insurance schemes will be lowered or waived to cushion the impact of the outbreak on enterprises, especially smaller firms, and allow them some respite following the resumption of normal production. Specifically, in provinces other than Hubei, micro, small and medium-sized enterprises will be eligible for a waiver of the above-mentioned contributions from February to June. Large companies will see their contributions halved from February to April. Companies of all types in Hubei who have participated in these insurance schemes will be exempted from the above contributions from February to June. Before the end of June, companies may also apply for deferring their payments to the housing provident fund. Failure by employees to repay their housing provident fund loans due to the epidemic will not be taken as a default. In deciding on these policies, full consideration has been given to the sustainability of the social security fund, the balance of which is sufficient to support the full and timely payments of old-age pensions and other social security benefits nationwide. "Household businesses have an important role in job creation. We must swiftly work out supporting policies. The unemployment insurance fund shall be tapped into to issue allowances to the jobless. Pension payments must also be met on time and in full," Li said. Source: Xinhua News Agency
Wiseway Logistics have gained approval for mercy-dash to Wuhan
Wiseway Logistics have gained approval for mercy-dash to Wuhan
19 Feb 2020
Following a collaboration of minds and effort from the Australian-Chinese business community, Australian Cross Border air freight company, Wiseway Logistics (Wiseway), has received permission from the Chinese Government to charter the first freighter flight directly to Wuhan to deliver much-needed humanitarian aid. Florence Lee, the Managing Director of Wiseway, said: “We are asking Australian manufacturers to donate any products which may be helpful to assist in fighting the outbreak. There has been a ground-swell of support from the corporations and the community groups making donations to send directly to the centre of the outbreak and support Coronavirus relief efforts. For Wiseway, this is an inaugural chartered flight to deliver cargo and it is a first direct flight from Sydney to Wuhan, since the virus outbreak. "The donations include much-needed protective clothing for healthcare professionals, including surgical and N95 masks, along with medical equipment, decontamination products and medications. We are very pleased that we can send the first freighter aircraft out between Saturday, 22 February to Tuesday, 25 February depending on the time slot allocation from Sydney airport,” said Ms Lee. The mercy-dash will have a strict two-hour turnaround in Sydney airport. In the interest of safety, the pilots conducting the flight will not leave the aircraft, and the flight will carry no passengers. Freight will be unloaded in Wuhan by personnel from humanitarian groups who will meet the flight at the airport. Call-out for more corporate donations Ms Lee said, “This Monday we collected 25 tonnes of goods but have capacity for 100 tonnes. We will facilitate and welcome more donations.” What to donate Personal protective clothing and equipment (surgical masks, N95 respirator masks, gloves, gowns, goggles) Non-perishable foods (wellbeing improvement products, health supplements, powdered milk) ASX-listed Wiseway is the number one freight company operating between Australia and China and has the logistical capability to manage the delivery from donors to the frontline. All costs associated with the flight are being covered by Wiseway as part of their contribution to the global fight against the Covid-19 virus outbreak. Wuhan Wuhan is home to 11 million residents and has been in "lock down" since January 23, which has greatly restricted the flow of essential supplies into the city. Estimates are that 200,000 frontline healthcare workers are currently at risk in China due to inadequate protective clothing, with more than 1,700 infections and six deaths reported among healthcare workers. To donate: Donations can be made by 21 February 2020 (12 o’clock midday) via the following collection points at Wiseway’s warehouses: Sydney: 9-15 Alfred Rd, Chipping Norton NSW 2170 + 61 2 9725 6688 Melbourne: 85 Northgate Dr, Thomastown VIC 3074 + 61 3 9464 1888 Adelaide: 22-26 Alfred Ave, Beverley SA 5009 +61 8 8268 2888 Brisbane: 30 Woomera Pl, Archerfield QLD 4108 + 61 7 3277 6888 Perth: 9 Ferguson St, Kewdale WA 6105 + 61 8 9353 5688 Auckland, New Zealand: Auckland Airport, 74 Richard Pearse Dr, Airport Oaks AK 2022 +64 9 256 1888 For further information, please contact: Florence Lee Managing Director P: + 61 2 9790 7888 E: admin@wiseway.com.au For media enquiries, please contact: Kate Maher Symbol Strategic Communications P: +61 2 8011 0592 or +61 405 778 205 Source: Official website of Australia China Business Council
Love and amity the most effective vaccine: Jean-Guy Carrier
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Love and amity the most effective vaccine: Jean-Guy Carrier
19 Feb 2020
The aftermath of the severe acute respiratory syndrome epidemic in 2002-03 signaled, in many ways, China's return to a central position in the world. After performing an economic miracle since launching reform and opening-up in the late 1970s, China became a member of World Trade Organization in 2001 after 15 years of negotiations. Which inspired pride in the Chinese people, as I discovered during my travels there as a staff member of the WTO. I met everywhere people who saw China's entry into the WTO as proof that their country was stepping out into the world, and that the world was turning increasingly toward China. But events took a surprising turn when the SARS epidemic broke out in China in November 2002. By early 2003, the SARS virus had spread to 17 countries. It would eventually kill 774 people, mostly on the Chinese mainland and the Hong Kong Special Administrative Region before it was contained. The outcome of the coronavirus outbreak is likely to be the same as that of the SARS epidemic. The difference is not with the coronavirus so much as it is with the reality of China's return to the global stage and its influence as an engine of the global economy. That was only beginning to happen when the SARS epidemic occurred in 2002. My son was a teacher in China's eastern region at that time. Like everyone outside China, we were concerned for his health and safety. The reports we received were often alarming. The small city where our son lived and worked was quarantined like many other places in China. He was unable to work or travel. But the family of one of his students invited him to their home at that time, like a lonely son in need of company. It was during this period that our son discovered the structure and beauty of the Chinese language. As he described it, "a light went on" and he understood the workings of the language, largely thanks to the generosity, warmth and openness of the family which took him into their modest home. Today he speaks Mandarin fluently. So do millions of other non-Chinese who have been impressed, inspired and have often found careers because of China's extraordinary economic development. It is precisely this Asian miracle which made a huge difference in how the world reacted to SARS. Yet there is a lack of generosity expressed in criticisms from outside China about how the Chinese people and governments are responding to the coronavirus epidemic. Stories of effective measures and containment are accompanied by others that raise the specter of secrecy, censorship and even repression. My son and his Chinese wife were in some place in Northeast China to celebrate the Lunar New Year when the coronavirus outbreak intensified. But despite being frightened and concerned, they and their Chinese family and friends celebrated Spring Festival, as they do every year. Much has changed since China was welcomed to the international community. Sanctions and punitive tariffs, trade wars and bitter spats between governments have turned admiration for China's miraculous rise into raw envy at its new wealth by governments which see China as a security threat. The coronavirus epidemic will inevitably abate and disappear. What should be dreaded most is the persistence of a view of China as a threat, a source of deadly viruses, dangerous technologies and ideas. The family which took my son into its home during the SARS epidemic celebrated the advent of the Year of the Rat with my son and his wife in their home. That family has prospered thanks to China's economic rise. Their son is a PhD candidate in a US University. He speaks fluent English and as an educated, well-travelled Chinese national, he has also become a citizen of the world. Returning home in Paris after celebrating the Spring Festival in China, my son and his wife found the streets devoid of Asian tourists. There was also in the air and in the media a suspicion and fear of anything Asian, as if a dangerous virus was lurking even in Chinese restaurants. My son and his wife promptly went about collecting face masks to send to China, where a shortage was reported. Small gestures of kindness and understanding are taking place by the millions in the face of this new crisis, between people in China and outside China who are aware of their responsibility as members of the international community. The simple wisdom of such kind gestures will be remembered long after the virus has disappeared. The Year of the Rat marks the start of a new 12-year cycle in the Chinese zodiac. It is a symbol of hope and a new beginning for all of us who believe that friendship and renewal are the most effective vaccines against fear and hostility, everywhere in this small world. The author is a non-resident senior fellow at Chongyang Institute for Financial Studies, Renmin University of China, and executive chairman of the Silk Road Chamber of International Commerce, a Hong Kong-headquartered transnational business confederation. The views don't necessarily reflect those of China Daily. Source: China Daily
China issues over 1,600 force majeure slips to coronavirus-hit companies
China issues over 1,600 force majeure slips to coronavirus-hit companies
19 Feb 2020
China has issued more than 1,600 force majeure certificates to shield companies from legal damages arising from the novel coronavirus disease (COVID-19) outbreak. The China Council for the Promotion of International Trade (CCPIT) has issued 1,615 certificates by last Friday for companies involving over 30 sectors, covering a total contract value of 109.9 billion yuan (about 15.7 billion U.S. dollars), said the CCPIT. The certificate exonerates companies from not performing or partially performing contractual duties by proving they are suffering from circumstances beyond their control. The COVID-19 epidemic has delayed production for some companies as quarantine measures held back many workers from returning to their posts. Some firms have presented the certificate to their clients and agreed on a later date to fulfill orders without facing legal liabilities, said the CCPIT. A manufacturing company in eastern China's Zhejiang Province was the first to obtain the certificate on Feb. 2 to excuse itself from breaching a 2.4-million-yuan overseas order that could incur 30 million yuan of compensation. The CCPIT's force majeure certificates are recognized by governments, customs, trade associations and enterprises of more than 200 countries and regions, it said. To minimize losses for foreign trade companies amid the outbreak, especially from contractual breaches, the Ministry of Commerce has instructed six trade associations in sectors like textile, mining, machinery and healthcare to help with legal counseling and applying for force majeure certificates. Chinese authorities have also urged local officials to help foreign-funded companies with work resumption and operation, with eastern China's Shandong Province rolling out a raft of measures like tax relief and deferring social insurance payments. Source: Xinhua News Agency
Love and amity the most effective vaccine: Jean-Guy Carrier
x1
Love and amity the most effective vaccine: Jean-Guy Carrier
19 Feb 2020
The aftermath of the severe acute respiratory syndrome epidemic in 2002-03 signaled, in many ways, China's return to a central position in the world. After performing an economic miracle since launching reform and opening-up in the late 1970s, China became a member of World Trade Organization in 2001 after 15 years of negotiations. Which inspired pride in the Chinese people, as I discovered during my travels there as a staff member of the WTO. I met everywhere people who saw China's entry into the WTO as proof that their country was stepping out into the world, and that the world was turning increasingly toward China. But events took a surprising turn when the SARS epidemic broke out in China in November 2002. By early 2003, the SARS virus had spread to 17 countries. It would eventually kill 774 people, mostly on the Chinese mainland and the Hong Kong Special Administrative Region before it was contained. The outcome of the coronavirus outbreak is likely to be the same as that of the SARS epidemic. The difference is not with the coronavirus so much as it is with the reality of China's return to the global stage and its influence as an engine of the global economy. That was only beginning to happen when the SARS epidemic occurred in 2002. My son was a teacher in China's eastern region at that time. Like everyone outside China, we were concerned for his health and safety. The reports we received were often alarming. The small city where our son lived and worked was quarantined like many other places in China. He was unable to work or travel. But the family of one of his students invited him to their home at that time, like a lonely son in need of company. It was during this period that our son discovered the structure and beauty of the Chinese language. As he described it, "a light went on" and he understood the workings of the language, largely thanks to the generosity, warmth and openness of the family which took him into their modest home. Today he speaks Mandarin fluently. So do millions of other non-Chinese who have been impressed, inspired and have often found careers because of China's extraordinary economic development. It is precisely this Asian miracle which made a huge difference in how the world reacted to SARS. Yet there is a lack of generosity expressed in criticisms from outside China about how the Chinese people and governments are responding to the coronavirus epidemic. Stories of effective measures and containment are accompanied by others that raise the specter of secrecy, censorship and even repression. My son and his Chinese wife were in some place in Northeast China to celebrate the Lunar New Year when the coronavirus outbreak intensified. But despite being frightened and concerned, they and their Chinese family and friends celebrated Spring Festival, as they do every year. Much has changed since China was welcomed to the international community. Sanctions and punitive tariffs, trade wars and bitter spats between governments have turned admiration for China's miraculous rise into raw envy at its new wealth by governments which see China as a security threat. The coronavirus epidemic will inevitably abate and disappear. What should be dreaded most is the persistence of a view of China as a threat, a source of deadly viruses, dangerous technologies and ideas. The family which took my son into its home during the SARS epidemic celebrated the advent of the Year of the Rat with my son and his wife in their home. That family has prospered thanks to China's economic rise. Their son is a PhD candidate in a US University. He speaks fluent English and as an educated, well-travelled Chinese national, he has also become a citizen of the world. Returning home in Paris after celebrating the Spring Festival in China, my son and his wife found the streets devoid of Asian tourists. There was also in the air and in the media a suspicion and fear of anything Asian, as if a dangerous virus was lurking even in Chinese restaurants. My son and his wife promptly went about collecting face masks to send to China, where a shortage was reported. Small gestures of kindness and understanding are taking place by the millions in the face of this new crisis, between people in China and outside China who are aware of their responsibility as members of the international community. The simple wisdom of such kind gestures will be remembered long after the virus has disappeared. The Year of the Rat marks the start of a new 12-year cycle in the Chinese zodiac. It is a symbol of hope and a new beginning for all of us who believe that friendship and renewal are the most effective vaccines against fear and hostility, everywhere in this small world. The author is a non-resident senior fellow at Chongyang Institute for Financial Studies, Renmin University of China, and executive chairman of the Silk Road Chamber of International Commerce, a Hong Kong-headquartered transnational business confederation. The views don't necessarily reflect those of China Daily. Source: China Daily
Full Support from SRCIC Members to Combat Coronavirus Outbreak in China
Full Support from SRCIC Members to Combat Coronavirus Outbreak in China
14 Feb 2020
Full Support from SRCIC Members to Combat Coronavirus Outbreak in China Volume I Since the novel coronavirus outbreak, the Silk Road Chamber of International Commerce (SRCIC) has connected with more than 280 members in 82 countries, informed them of the decisive and effective measures taken and the results achieved by China in fighting the epidemic, and encouraged supporting measures from international community. Upon learning about the situation, many members of SRCIC donated money and materials to help China fight against the coronavirus outbreak. Mr. Cheng Kar-shun, SRCIC Executive Vice Chairman donated RMB 20 million yuan. The Philippine Silk Road International Chamber of Commerce (PSRICC) donated about RMB 2 million yuan. Yaxin Steel Group Co., Ltd., one of SRCIC Enterprise members, donated RMB 20 million yuan. SRCIC members including the Ukrainian Chamber of Commerce and Industry, the Mongolian Chamber of Commerce and Industry, the Amman Chamber of Commerce also donated money and materials to China. New World China and K11, led by SRCIC Executive Vice Chairman Mr. Cheng Kar-shun, donated funds to fight against the coronavirus outbreak. The New World China donated RMB 10 million yuan to the First Affiliated Hospital SUN YAT-SEN University for the purchase of protective equipment for frontline medical staff. A special fund with a total amount of RMB 5 million yuan was set up by K11, and 200,000 surgical masks were delivered to Wuhan urgently. The Chow Tai Fook Jewellery Group, SRCIC Executive Vice Chairman Mr. Cheng Kar-shun, established a special fund to fight against the coronavirus outbreak, and added another 10 million on February 10th for the purchase of medical supplies. On January 28, 2020, China's Ambassador to the Philippines Huang Xilian met with President of Philippine Silk Road International Chamber of Commerce (PSRICC) Francis Chua at the Chinese Embassy in the Philippines. PSRICC donated 15 million pesos (about RMB 2 million yuan) to China. The Ukrainian Chamber of Commerce and Industry, together with Ukraine-China Commerce and Industry Association and other organizations, donated 100,000 masks to China. On February 10, 2020, Mr. Amartuvshin, President of Mongolian National Chamber of Commerce and Industry, along with corporate and media representatives, visited the Chinese Embassy in Mongolia and made a donation of140 million tugrik (about RMB 350,000 yuan). The Board Member of Amman Chamber of Commerce Mr. Maher Alsheikh Yousef personally donated 2,400 FFP2 masks to the Foshan Women and Children’s Hospital. Public Foundation (Kazakhstan) “International Academy of Culture and Economic Cooperation New Silk Road” donated RMB10,000 yuan to the Red Cross Society of China Shaanxi Branch (the picturebelow is the invoice of donation). Yaxin Steel Group Co., Ltd., one of Silk Road Enterprise Development Alliance (SREDA) members, donated RMB 20 million yuan through the Red Cross Society of China to Wuhan, Hubei Province and other areas to combat the serious epidemic, exclusively for novel coronavirus prevention and control. Xi'an Cilico Microelectronics Co., Ltd., one of SREDA members, donated the first batch of PDAs for mobile nursing care to the Xi’an Public Health Emergency Central Hospital. (the picture above is the letter of appreciation from the hospital). On February 1 and 3, 2020, Kazakhstan donated 13.6 tons of medical supplies in urgent need (1 million pairs of medical gloves and more than 500,000 masks) to China (Wuhan and Beijing) to combat the epidemic. On January 30, 2020 and February 5, Belarus donated a total of 40 tons of medical supplies to China. The China-Belarus Great Stone Industrial Park issued a proposal early on to encourage the companies and individuals inside the Park to make donations. The Park also purchased 130,000 masks, 574 sets of coveralls, 20,000 medical gloves and other medical supplies to support China. In addition, members and partners of SRCIC from various countries delivered over 100 messages of empathy and support through videos, letters, emails, WeChat, Linkedin, Whatsapp, etc. They highly commended the prevention and control measures taken by the Chinese government, and assured their continuous support by making donations through various channels. Stjepan Mesic, former Croatian President and senior advisor of SRCIC, said in his video message that “when I heard the people of Wuhan chanting ‘stay strong!’ through the window at night, I was once again moved by the spirit of the Chinese people. I have often marveled at China's tremendous economic development and long-standing culture, but what impressed me most was the generosity and hard work of the Chinese people. Go Wuhan, Go Hubei! China is strong, and it has many friends worldwide. Health and happiness will come soon.” Former Philippine President Gloria Macapagal Arroyo, Honorary President of the Philippine Silk Road International Chamber of Commerce (PSRICC), said in a statement that she firmly supports China's great efforts to curb the spread of the epidemic and hopes that the fight against the disease, which affects the health of the Chinese people, the Philippine people and the whole mankind, will be won at an early date. Alexander Tomov, senior adviser to the SRCIC and former Bulgarian Deputy Prime Minister, expressed his admiration for the Chinese government and people united in the battle against the novel coronavirus and his firm belief that the Chinese government and people will eliminate the epidemic soon. O. Amartuvshin, President of the Mongolian National Chamber of Commerce and Industry (MNCCI), delivered a letter of condolences expressing his sympathy for the losses caused by the disruption to China's society, economy and businesses, and offered his condolences to the families of the deceased. He said that the Mongolian people firmly believed that under the efficient leadership of the Chinese central and local governments and through the concerted efforts of the Chinese people, China will soon be able to contain the spread of the epidemic and carry out effective diagnosis and treatment of the patients. The Chinese Southeast European Business Association (CSEBA) wrote to commend the measures taken by the Chinese government in dealing with the epidemic. “China has rich experience in tackling various dangerous situations, and it also has the responsibility and determination to quickly eliminate the novel coronavirus epidemic.”
Lu Jianzhong: One Heart and One mind, we will win the Battle against Novel Coronavirus Epidemic
Lu Jianzhong: One Heart and One mind, we will win the Battle against Novel Coronavirus Epidemic
13 Feb 2020
Lu Jianzhong Deputy to the 13th National People's Congress Chairman of the Silk Road Chamber of International Commerce President of the China Cultural Chamber of Commerce for the Private Sector Board Chairman of the Tang West Market Group Since the outbreak of the novel coronavirus pneumonia, the 1.4 billion Chinese people have been united in joint effort to prevent and control the epidemic under the leadership of the CPC Central Committee. The effectiveness and efficiency of the state governance system and government institutions have enabled the people across China to combat the epidemic in coordination, demonstrating China's institutional advantage in gathering strength and resources to address major challenges. The Chinese people have also displayed their unity, tenacity and unyielding spirit to the world. The virus is merciless, but love and friendship will prevail. Members of Silk Road Chamber of International Commerce from 82 countries have donated money and medical supplies to China, which shows the great strength shared by people connected by the Belt and Road Initiative (BRI). Through BRI international cooperation, more and more Silk Road related countries and social communities have rallied as a community of shared interests, and as a community of shared responsibility and future. The final victory belongs to people united with one heart and one mind. The impact of the epidemic is temporary. We firmly believe under the leadership of CPC Central Committee, we will win the war against the novel coronavirus epidemic with concerted national effort and great support from international community.
SRCIC seeks to purchase medical supplies from international markets
SRCIC seeks to purchase medical supplies from international markets
2 Feb 2020
Dear friends, To help fight the coronavirus outbreak , the Silk Road Chamber of International Commerce (SRCIC) seeks to purchase N95 masks, coveralls and goggles for medical uses from international markets to be donated to the doctors who are fighting in the frontline hospitals. The medical supplies run low as the number of patients continue to grow not only in Wuhan, but also in many other cities. If you have access to companies which are capable of producing or having the stock of the following products, please get in touch with us as soon as possible. If not, please kindly share this information with your circle of friends. Every effort matters as the whole nation of China fights to contain this epidemic. We thank you for your attention and support. SRCIC contact persons: Emma Wei Email: ewei@srcic.com Cellphone: +86 187 0674 4591 Alina Cao Email: acao@srcic.com Cellphone: +86 185 0292 6268
Letters of Thanks for 2019 Silk Road Business Summit
Letters of Thanks for 2019 Silk Road Business Summit
18 Dec 2019
On December 7, the 2019 Silk Road Business Summit was successfully held in Xi'an. More than 400 delegates from 73 Belt and Road countries and regions participated in the event, including government officials, diplomats to China, leaders of international organizations, presidents of business associations, and representatives of multinational enterprises. After the Summit, SRCIC has received many letters of thanks from the attendees. SRCIC appreciates all the support from the participants and its members, and decides to publish the letters of thanks. fromAhcene Boukhelfa, Ambassador of Algeria from Iran Chamber of Commerce, Industries, Mines & Agriculture from Mr. Tariq M. Rangoonwala, Chairman of PNC-ICC from Mr. Yuriy Kotyk, Board Chairman of the Cultural-Researching Center of Ukraine and China “Lanhua”
Meeting between SRCIC and TOBB Leaders
Meeting between SRCIC and TOBB Leaders
13 Dec 2019
On December 7, 2019, Chairman of the Silk Road Chamber of International Commerce (SRCIC) Mr. Lu Jianzhong met with the delegation of Union of Chambers and Commodity Exchanges of Turkey (TOBB), led by its board member Mr. Mahmut Özgener. Chairman Lu welcomed the delegation on behalf of SRCIC and its Honorary Chairman Jemal Inaishvili. He thanked the president of TOBB Mr. Rifat Hisarciklioglu for sending a delegation to the 2019 Silk Road Business Summit. Chairman Lu said that on December 6th, SRCIC held its 9th Executive Board and General Assembly meetings. A new leadership team of Chairmanship and Executive Board has been elected. Mr. Rifat Hisarciklioglu was re-elected to be Honorary Chairman of SRCIC as leader of the very influential business organization of TOBB. "We thank him for the support in the past four years since SRCIC's establishment, and hope to bring the cooperation between our two chambers closer. Turkey is a very important country along the Silk Road, bridging Europe and Asia, and was cradle of three great empires - the Ottoman Empire, Roman Empire, and Byzantine Empire. Turkey is not only a beautiful country, but also rich in history and culture." Chairman Lu said. Chairman Lu also gave a brief introduction to a project in planning. "China will build the largest Free Trade Port in Hainan Province, signifying the boldest measure of China's reform and opening up. SRCIC will actively participate in this course by building a cultural park to accommodate museums from China and other Belt and Road countries, holding cultural festivals and organizing expositions for trading cultural products and artworks. We hope that TOBB could recommend museums from Turkey to join the project, and display your splendid history and culture. We believe this would be instrumental in increasing the people-to-people understanding among different countries, a great complement to governmental activities, such as Bo'ao Forum." Mr. Mahmut Özgener thanked Chairman Lu for meeting the delegation. He welcomed Chairman Lu's remarks and proposals on behalf of TOBB and as President of Izmir Chamber of Commerce. "There is much more space for Turkish-China cooperation. Although Belt and Road Initiative is largely about infrastructure construction, we also look forward to strengthening our cooperation in various fields, including trade, energy, automobile, manufacturing, 5G, science and technology, etc. For instance, we are currently working with the public departments of Turkey to make customs procedures more modern and easier for businesses. We aim to expand our efforts to other Silk Road countries, and the best country to start with is China." He added that tourism and cultural communication are also vital areas with great potential. Turkey hosts a great number of tourists from worldwide every year, and there are many Turkish cities which are ideal destinations for vacation. He mentioned that by the end of December, there will be a direct flight between Xi'an and Istanbul carried by Turkish Airlines. On the side of cultural communication, there is a university in Izmir that enrolls Chinese students and offers Chinese courses to local students. Chairman Lu responded warmly to Mr. Özgener's remarks, and said that the young generation are the future ambassadors for friendship between the two countries, and it is important for our generation to lay a good foundation for cultural exchange and economic and trade cooperation. He also noted that SRCIC will bring Chinese business delegations to Turkey to investigate investment and cooperation opportunities. Mr. Özgener expressed his welcome to the delegations, and emphasized that TOBB is ready to work with SRCIC on various fronts. After the meeting, Chairman Lu and Mr. Özgener exchanged symbolic gifts. Other participants in the meeting are Emre Kizilgüneşler, Vice President of IZMIR Chamber of Commerce, H. Yaşar Beyaz, Head of Foreign Economic Relations Department, TOBB, and Pınar Karayilanoğlu, Manager of IZMIR Chamber of Commerce; Jemal Inaishvili, Honorary Chairman of SRCIC, and Wenjin Wei, Director of Membership Center of SRCIC.
IMF expects China's economy to return to normal in Q2
IMF expects China's economy to return to normal in Q2
24 Feb 2020
International Monetary Fund (IMF) Managing Director Kristalina Georgieva said here on Saturday that she expects China's economy to "return to normal in the second quarter" of 2020. "The Chinese authorities are working to mitigate the negative impact (of COVID-19) on the economy," Georgieva said, adding that she "had an excellent discussion" with Chinese senior officials. "In our current baseline scenario, announced policies are implemented and China's economy would return to normal in the second quarter," Georgieva said. "As a result, the impact on the world economy would be relatively minor and short-lived," she said at the G20 Finance Ministers and Central Bank Governors Meeting. Georgieva also expressed her "deepest sympathies" to the people in China and other affected areas, saying "the IMF stands ready to help." To avoid more dire scenarios, "global cooperation is essential to the containment of the COVID-19 and its economic impact, particularly if the outbreak turns out to be more persistent and widespread," Georgieva said. She also warned of "the potential risk for fragile states and countries with weak health care systems." Source: Xinhuanet.com
China to roll out a host of policies to boost economic development
China to roll out a host of policies to boost economic development
19 Feb 2020
China will boost agricultural production in the spring season and take a multi-pronged approach adopted to facilitate business operation and employment, with specific measures including provisionally lowering or waiving employers' social insurance contributions and deferring their payments to the housing provident fund, in an effort to boost economic development. These decisions were made at the State Council's executive meeting chaired by Premier Li Keqiang on Tuesday. "At this critical moment of epidemic control, we must facilitate spring plowing and farming preparations, while advancing outbreak response. For such a large developing country like China, agriculture is the foundation. We must tackle the outbreak in a science-based way, and lose no time in resolving the outstanding issues affecting spring plowing. The State Council's inter-agency task force should provide detailed guidance to facilitate orderly resumption of the manufacturing of agricultural supplies. The minimum purchase price for rice will be kept stable this year, and will be raised as necessary. Greater support will be provided to businesses of livestock products," Li said. The Tuesday meeting emphasized that farming is a strictly seasonal undertaking. For China as a major agricultural country having 1.4 billion mouths to feed, spring farming is too important to be delayed or missed. All sub-national governments must fulfill their jurisdictional responsibilities and lose no time to promote spring farming with comprehensive and concrete measures, thus laying a solid foundation for a bumper harvest of summer crops. Detailed and categorized guidance will be provided for science-based epidemic control in the rural areas. Localities will be directed to promptly start spring plowing and farming preparations from south to north of the country. Companies producing agricultural supplies will be urged to resume production as early as possible. Livestock and poultry farming must be intensified. Poultry farmers in the key regions, who suffered heavy losses, will be entitled to loan extensions and relaxed loan guarantee requirements. Resumption of hog production will be brought forward. The required number of slaughtered pigs that qualifies a hog farmer for loan interest discount will be lowered from 5,000 to 500. Major disease and pest prevention and control will be enhanced with closer monitoring and greater preparedness on all fronts. The prevention and control of major animal diseases such as H5N1 influenza and African swine fever will be heightened. The Tuesday meeting urged local authorities to set reasonable criteria for the resumption of work and production in their jurisdictions. Arbitrary guaranty or deposit requirements for companies who seek to reopen should be eliminated. Existing fiscal and financial support policies must be implemented at a faster pace. "Keeping employment stable is a pressing priority in the course of advancing epidemic control and economic and social development. This requires stable performance of corporate China. It is important to promptly introduce policies bolstering businesses, especially micro, small and medium-sized enterprises. Sound development of such businesses is vital to stable employment," Li said. "We must take employment as a first-order priority in maintaining stability in the six key areas, namely employment, finance, foreign trade, foreign investment, domestic investment, and expectation. No job means no income and no wealth creation. Every effort must be made to prevent massive lay-offs from happening. Sub-national governments must meet their responsibilities for keeping employment stable. The return of rural migrant workers should be well organized. Sound and practical epidemic control guidelines for different categories of enterprises should be promptly formulated to guide local authorities in setting reasonable criteria for the resumption of work and production in their jurisdictions," Li said. Targeted efforts should be made to ensure the employment of key groups of people. Except for regions hit hard by the outbreak and high-risk areas, unwarranted restrictions that make it hard for employees to get back to work must be resolutely reversed. Rural migrant workers will receive support in finding jobs in their hometowns or nearby cities under the existing programs of poverty eradication and local development. Given the record number of college graduates this year, plans for extending the time-line for college recruitments will be promptly worked out, and on-line hiring will be popularized. Enterprises will be supported in adding flexible jobs to meet the online consumer demand. The essential needs of the jobless must be provided for. "Online recruiting should be intensified to have their job seeks effort well catered," Li said. Employers' contributions to the old-age pension, unemployment and workplace safety insurance schemes will be lowered or waived to cushion the impact of the outbreak on enterprises, especially smaller firms, and allow them some respite following the resumption of normal production. Specifically, in provinces other than Hubei, micro, small and medium-sized enterprises will be eligible for a waiver of the above-mentioned contributions from February to June. Large companies will see their contributions halved from February to April. Companies of all types in Hubei who have participated in these insurance schemes will be exempted from the above contributions from February to June. Before the end of June, companies may also apply for deferring their payments to the housing provident fund. Failure by employees to repay their housing provident fund loans due to the epidemic will not be taken as a default. In deciding on these policies, full consideration has been given to the sustainability of the social security fund, the balance of which is sufficient to support the full and timely payments of old-age pensions and other social security benefits nationwide. "Household businesses have an important role in job creation. We must swiftly work out supporting policies. The unemployment insurance fund shall be tapped into to issue allowances to the jobless. Pension payments must also be met on time and in full," Li said. Source: Xinhua News Agency
China issues over 1,600 force majeure slips to coronavirus-hit companies
China issues over 1,600 force majeure slips to coronavirus-hit companies
19 Feb 2020
China has issued more than 1,600 force majeure certificates to shield companies from legal damages arising from the novel coronavirus disease (COVID-19) outbreak. The China Council for the Promotion of International Trade (CCPIT) has issued 1,615 certificates by last Friday for companies involving over 30 sectors, covering a total contract value of 109.9 billion yuan (about 15.7 billion U.S. dollars), said the CCPIT. The certificate exonerates companies from not performing or partially performing contractual duties by proving they are suffering from circumstances beyond their control. The COVID-19 epidemic has delayed production for some companies as quarantine measures held back many workers from returning to their posts. Some firms have presented the certificate to their clients and agreed on a later date to fulfill orders without facing legal liabilities, said the CCPIT. A manufacturing company in eastern China's Zhejiang Province was the first to obtain the certificate on Feb. 2 to excuse itself from breaching a 2.4-million-yuan overseas order that could incur 30 million yuan of compensation. The CCPIT's force majeure certificates are recognized by governments, customs, trade associations and enterprises of more than 200 countries and regions, it said. To minimize losses for foreign trade companies amid the outbreak, especially from contractual breaches, the Ministry of Commerce has instructed six trade associations in sectors like textile, mining, machinery and healthcare to help with legal counseling and applying for force majeure certificates. Chinese authorities have also urged local officials to help foreign-funded companies with work resumption and operation, with eastern China's Shandong Province rolling out a raft of measures like tax relief and deferring social insurance payments. Source: Xinhua News Agency
Epidemic won't change China's economic momentum for growth
Epidemic won't change China's economic momentum for growth
19 Feb 2020
Since the outbreak of the novel coronavirus pneumonia, China's governments at various levels have issued a package of emergency measures, which have guided expectations of the society and boosted people's confidence in the Chinese economy. To cope with the epidemic, relevant authorities have unveiled supportive financial policies, and multiple local departments have promptly issued policies to support finance and taxation, customs, and social security so as to help small and micro businesses. While inspecting epidemic prevention and control work in Beijing, Chinese President Xi Jinping demanded resolute efforts from Party committees and governments at all levels to win the people's war against the epidemic and urged them to strive to achieve this year's economic and social development goals and tasks. The President also required efforts to stabilize employment, the financial market, foreign trade, foreign investment, domestic investment and expectations. Epidemic prevention and control is not only a battle in the field of medicine and healthcare, but also an all-round battle associated with economic work. Therefore, while doing a good job in prevention and control, the country must also coordinate the work of reform, development, and stability. It must make great efforts to finish key tasks for securing a decisive victory in building a moderately prosperous society in all aspects and winning the battle against poverty. To cope with complex and severe risks and challenges, the country must not slow down or hesitate. Only by taking the initiative and making overall planning can it overcome difficulties and minimize the impact on economic development. To be objective, the epidemic outbreak has exerted different degrees of impact on relevant industries and public consumption. But the influence is temporary and periodical. As relevant supportive policies are gradually taking effect, China is fully confident in and capable of defeating the epidemic and boosting economy. Compared with 2003 when it fought against the SARS epidemic, the country's economy has improved significantly today in terms of size and quality, material basis, emergency response capabilities, and macro-control system. This is the source of the resilience and potential of China's economic development, as well as the country's the confidence in winning the battle against the epidemic. To stabilize employment, the financial market, foreign trade, foreign investment, domestic investment and expectations, the most urgent task on the supply side is to take concrete efforts to maintain normal economic operations and social order. The supply of medical materials on the front line of epidemic prevention and control must be guaranteed, and urban and rural residents shall be provided with adequate supplies of daily necessities. Besides, sufficient energy supply in urban and rural areas must be ensured so as to avoid secondary problems caused by anxiety over insufficient supply of living materials. In addition, the country will also help enterprises resume production, as well as recommence and start projects while guaranteeing safety. It is suggested that the country properly handle labor-capital relationship, so as to ease corporate burden and safeguard the legitimate interests of the employees. Only by taking the interests of all parties into consideration and motivating all sides can general stability of the industrial chain be maintained. To contain the epidemic while promoting development, stable consumption must be kept at the demand side, which is key to offsetting the impact of the epidemic. During the Chinese New Year holiday, huge consumption potential has been accumulated by people across the country who stayed home to avoid massive infection, such as the demand for healthcare products and services and online services. Once this potential is released, a new driving force will be created for industrial development. In addition, new driving forces will also be forged by the accomplishment of the key tasks in securing a decisive victory in building a moderately prosperous society in all aspects and winning the battle against poverty. As a big consumer market, China has ample room of maneuver in economic development. The country is seeing an urgent demand of ideas and actions that are able to stimulate urban and rural consumption and turn crisis into opportunities. China's momentum sustaining sound economic development remains unchanged. Amidst internal and external challenges and risks, the country must also do a good job of macroeconomic monitoring and early warning, so as to keep a close eye on economic operation and the possible impacts of the epidemic on the economy. To continue forwarding against headwinds and withstand downward pressure in the epidemic, China must follow the requirements of the meeting held by the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, stabilize employment, the financial market, foreign trade, foreign investment, domestic investment and expectations, and prepare for all kinds of complex and difficult situations. As long as the country coordinates its efforts nationwide, gives full play to the institutional advantage of concentrating resources to accomplish large undertakings, and ensures timely analysis and actions, it can properly handle the impacts of the epidemic, coordinate and balance epidemic control and economic development, and promote sound and stable development of its economy. Source: People's Daily
Epidemic will have limited impact on trade
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Epidemic will have limited impact on trade
18 Feb 2020
Workers perform docking operations at a port in Qingdao, East China's Shandong province, on Feb 11. (China Daily/Yu Fangping) When the World Health Organization announced the novel coronavirus outbreak was a Public Health Emergency of International Concern (PHEIC), it made it clear that it opposed countries imposing travel or trade bans on China. But more than 10,000 international flights to China have been canceled due to the impact of the epidemic. As the "world's factory" and a major country trading in goods, China is the largest trade partner of more than 100 countries and its manufacturing industry accounts for 25 percent globally, restricting China's trade and personnel exchanges with other countries will not only impact China's exports for a short time, but also undermine the stability of global supply chains and world economic growth. In the short run, the epidemic's impact on China's exports will be larger than that on imports. To cope with the adverse impact of the epidemic on China's economy, the country has launched macroeconomic and fiscal measures to support China's imports and exports. And the global supply chain will rapidly recover in the second quarter as the epidemic is effectively brought under control. The extended Spring Festival closure of businesses due to the epidemic has not only hit the catering and tourism industry, but also international trade. But after the epidemic is curbed, the consumption that has been constrained will be rapidly released and there will be an explosive growth in imports and exports. The novel coronavirus outbreak will impact China's exports in the first quarter of this year. But international experience shows that the five PHEICs that have previously been declared only had a temporary impact on the economy of the countries where the health threat emerged. Hubei province has been suffering the most because of the virus, but it only accounts for 1.5 percent of the country's total exports, which means the outbreak's impact on China's exports in 2020 is expected to be limited. Although the epidemic has had a negative impact on China's imports, in the full year it will drive imports up, because China has just signed the phase one trade deal with the United States to import agricultural products and foods worth $100 billion, and there will be increased imports of medical supplies and medicines because of the epidemic. The epidemic will mostly impact the tourism industry and airline companies as many countries have imposed travel bans or canceled flights to China. But some other trade in service items, such as cross-border payments and software services, will not be affected by the epidemic, and may even grow rapidly. In general the epidemic's impact on the trade in services is controllable. China should enhance countercyclical adjustment and resolutely propel reform and opening-up. Exports and imports should be promoted, especially cross-border e-commerce and the digital economy. In particular, the government should first cut tax and administrative fees to support imports and exports and foreign trade enterprises. And second the authorities should provide financial support to export enterprises, especially in virus-hit regions, to satisfy their credit and loan demands. In terms of monetary policy, the central bank should reduce interest rates and the deposit reserve ratio requirement appropriately to maintain reasonable and sufficient liquidity, and reduce actual interest rates based on loan prime rate reform. Third, in terms of industrial policy, the digital economy and modern logistics industry should be promoted, and intelligent manufacturing as well as the enterprises' digitalized transformation should be advanced. Fourth, multiple measures should be implemented to promote exports, and a green export channel should be established. Diversified policies should be implemented to ease the complete restraints of the epidemic on China's exports, and encourage exports of large products such as electromechanical equipment. Imports, not limited to medicines, should also be boosted. Trade liberalization and facilitation should be promoted by enhancing multilateral free trade agreement, construction of the Belt and Road Initiative as well as trade and investment with the European Union, Association of Southeast Asian Nations and the African Union. Fifth, foreign trade risks caused by epidemic prevention and control work should be prevented. Foreign trade enterprises should prevent three major kinds of risks: credit and contractual risks, market risks and foreign exchange losses, and logistical and supply chain risks. China's economic basis has changed since 2002-03 when the severe acute respiratory syndrome (SARS) outbreak took place. China's per capita GDP has increased from less than 10,000 yuan at that time to more than 70,000 yuan ($10,056) today, and China's total GDP has increased from 13 trillion yuan at that time to nearly 100 trillion yuan today. Meanwhile, China's foreign trade dependence has reduced from 51.3 percent to 31.8 percent, meaning that exports are no longer the major driving force of economic growth. With the successful experience to prevent and control the SARS outbreak, China will definitely win the battle against the novel coronavirus and pursue import and export trade growth. The author is a researcher at the Chongyang Institute for Financial Studies, Renmin University of China. Source: China Daily
Montenegrin citizen donates 10,000 medical masks to Wuhan
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Montenegrin citizen donates 10,000 medical masks to Wuhan
18 Feb 2020
On 13 Feb, 2020, 10,000 Medical masks have finally arrived in the Embassy of Montenegro, Beijing, after traveling thousands of kilometers in over a week. These masks were donated by one Montenegrin citizen, who chose to stay in China during this whole time. 10,000 is not a big number, but Montenegro is a very small country, I can not imagine how many pharmacies one had to go and ask, and how much effort one had to make to finally find these 10,000 masks. On 14 Feb, 2020, these masks were repacked, and ready to be sent to two hospitals in Hubei. There's a Chinese saying, "Adversity reveals true friendship." As China battles the disease, it is good to know that we have a true friend, even that friend is 8,000 kilometers away from us. As a Chinese, I know we are not fighting alone. Go Wuhan! Go China!
Zhangjiajie Introduces 30 Measures to Revive Tourism Market
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Zhangjiajie Introduces 30 Measures to Revive Tourism Market
20 Feb 2020
Since the outbreak of the novel coronavirus pneumonia, the city of Zhangjiajie in Hunan Province, the rotating presidency city of the Silk Road Urban Alliance initiated by Silk Road Chamber of International Commerce, has gained impressive victory over the epidemic with rapid response, mobilized actions and precise tactics. By 10:19 am of February 17, 2020, all five patients infected with coronavirus in Zhangjiajie had been discharged from hospitals. Among all cities in Hunan Province, Zhangjiajie was the last to have infected cases, yet the first and the fastest to treat all patients with success. The last patient infected with coronavirus in Zhangjiajie being discharged from hospital (Source: Hunan Daily ) Confronted with the epidemic, more than 1.7 million Zhangjiajie people demonstrated their courage and unity, and mobilized all sectors to fight the battle. On February 15, Zhangjiajie dispatched a team of 20 medics to the epicenter Wuhan in Hubei Province for support. On February 18, Zhangjiajie donated 152 tons of supplies to Wuhan, including vegetables, noodles, instant food, drinks, disinfectant, surgical masks and so forth, which arrived in Wuhan in the morning of February 19. Vehicles carrying supplies are ready for departure to epicenter Wuhan in Hubei Province. (Source: Zhangjiajie APP) On February 18, Zhangjiajie city enacted the 310 Action Plan for Supporting the Recovery of the Tourism Market in Zhangjiajie City, which includes 30 measures to boost the confidence of tourism industry and the revival of the tourism market. Zhangjiajie National Forest Park (Source: Zhangjiajie tourism website) The 30 measures covered policy support, product transformation, service improvement, marketing management,etc.. The ten measures to boost the tourism market are specified as such: After Zhangjiajie's scenic spots are re-opened, medical professionals across the country are entitled to free entry to and free transportation inside the scenic spots managed by 33 companies in Zhangjiajie until the end of this year; Within two months after re-opening the scenic spots, all tourists enjoy the policy of "buy one get one free" by 27 companies of scenic spots in Zhangjiajie, except for preferential tickets. In this period, 15 hotels and 18 inns will offer “one night for stay and one night for free” policy; In order to encourage travel agencies to organize tourist groups, travel agencies that attract more tourists, exert greater influence and offer better services will be awarded 50,000 yuan or more; In order to restore the traffic as soon as possible, subsidies and incentives shall be offered to airlines and dedicated rail routes; A series of projects will be carried out to re-energize the tourism market, such as "Zhangjiajie Online Sightseeing" and "Anti-epidemic Heroes gathering in Zhangjiajie". To heighten the morale and strength of tourism companies to survive this hard time, the Zhangjiajie municipal government has formulated 10 policies, including setting up special support fund, increasing financing measures, tax policy support, reducing business operating costs, higher rewards to companies making tremendous efforts, temporary and partial refund of the deposit for quality tourism service delivery, stronger employment support measures, reduction and lenient terms for rent, gas and water bills, and incorporating an oriented support system for municipal leaders to help companies more efficiently. Source: People's Daily APP; Hunan Daily; Zhangjiajie News APP, etc.
Wiseway Logistics have gained approval for mercy-dash to Wuhan
Wiseway Logistics have gained approval for mercy-dash to Wuhan
19 Feb 2020
Following a collaboration of minds and effort from the Australian-Chinese business community, Australian Cross Border air freight company, Wiseway Logistics (Wiseway), has received permission from the Chinese Government to charter the first freighter flight directly to Wuhan to deliver much-needed humanitarian aid. Florence Lee, the Managing Director of Wiseway, said: “We are asking Australian manufacturers to donate any products which may be helpful to assist in fighting the outbreak. There has been a ground-swell of support from the corporations and the community groups making donations to send directly to the centre of the outbreak and support Coronavirus relief efforts. For Wiseway, this is an inaugural chartered flight to deliver cargo and it is a first direct flight from Sydney to Wuhan, since the virus outbreak. "The donations include much-needed protective clothing for healthcare professionals, including surgical and N95 masks, along with medical equipment, decontamination products and medications. We are very pleased that we can send the first freighter aircraft out between Saturday, 22 February to Tuesday, 25 February depending on the time slot allocation from Sydney airport,” said Ms Lee. The mercy-dash will have a strict two-hour turnaround in Sydney airport. In the interest of safety, the pilots conducting the flight will not leave the aircraft, and the flight will carry no passengers. Freight will be unloaded in Wuhan by personnel from humanitarian groups who will meet the flight at the airport. Call-out for more corporate donations Ms Lee said, “This Monday we collected 25 tonnes of goods but have capacity for 100 tonnes. We will facilitate and welcome more donations.” What to donate Personal protective clothing and equipment (surgical masks, N95 respirator masks, gloves, gowns, goggles) Non-perishable foods (wellbeing improvement products, health supplements, powdered milk) ASX-listed Wiseway is the number one freight company operating between Australia and China and has the logistical capability to manage the delivery from donors to the frontline. All costs associated with the flight are being covered by Wiseway as part of their contribution to the global fight against the Covid-19 virus outbreak. Wuhan Wuhan is home to 11 million residents and has been in "lock down" since January 23, which has greatly restricted the flow of essential supplies into the city. Estimates are that 200,000 frontline healthcare workers are currently at risk in China due to inadequate protective clothing, with more than 1,700 infections and six deaths reported among healthcare workers. To donate: Donations can be made by 21 February 2020 (12 o’clock midday) via the following collection points at Wiseway’s warehouses: Sydney: 9-15 Alfred Rd, Chipping Norton NSW 2170 + 61 2 9725 6688 Melbourne: 85 Northgate Dr, Thomastown VIC 3074 + 61 3 9464 1888 Adelaide: 22-26 Alfred Ave, Beverley SA 5009 +61 8 8268 2888 Brisbane: 30 Woomera Pl, Archerfield QLD 4108 + 61 7 3277 6888 Perth: 9 Ferguson St, Kewdale WA 6105 + 61 8 9353 5688 Auckland, New Zealand: Auckland Airport, 74 Richard Pearse Dr, Airport Oaks AK 2022 +64 9 256 1888 For further information, please contact: Florence Lee Managing Director P: + 61 2 9790 7888 E: admin@wiseway.com.au For media enquiries, please contact: Kate Maher Symbol Strategic Communications P: +61 2 8011 0592 or +61 405 778 205 Source: Official website of Australia China Business Council
The Citizens of Athens send a Message of Solidarity, Support and Hope to the People of China
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The Citizens of Athens send a Message of Solidarity, Support and Hope to the People of China
18 Feb 2020
Under the Acropolis, hundreds of citizens of Athens joined a silent procession, holding Chinese red lanterns of Spring, in Solidarity, Support and to send a message of Hope to the People of China in these trying times. The initiative, which was widely publicised and recieved warm commentary from the television, printed press and blogs of China, was taken by the Chamber of Greek-Chinese Economic Cooperation, along with the business associations of the Chinese community in Athens and other groups representing citizens of Athens, under the Auspices of the City of Athens. We send you the relevant article from the Chinese News Agency Xinhua, from the Journalists Maria Spiliopoulou and Valentini Anagnostou, accompanied with photographs by Marios Lolos. Greeks express solidarity with Chinese people in novel coronavirus outbreak by Maria Spiliopoulou, Valentini Anagnostopoulou The pedestrian path at the foot of the Acropolis hill in the heart of Athens was lit red on Friday evening for an hour, as Greeks and Chinese people living in Greece held a symbolic gathering and walked around the neighborhood holding Chinese red lanterns. Under the auspices of the City of Athens, the Chamber of Greek-Chinese Economic Cooperation, a member of SRCIC, along with business associations of the Chinese community in Athens and other groups representing citizens of Athens, organized the event to express solidarity with the Chinese people who are battling the novel coronavirus outbreak and stigmatization. "We feel obliged … this is something we feel deep in our souls, to offer support, to tell them we are here, standing by their side, they are in our thoughts, they have our solidarity. This is very important and we see it from their reactions to our emails,” said Fotis Provatas, president of the chamber and former vice mayor of Athens. George Vernicos, president of the Economic and Social Committee of Greece, general secretary of the Greek Tourism Confederation and general secretary of the chamber, was also among the participants. "There are very close ties connecting Greeks and Chinese historically and culturally. Whatever concerns China affects us and we feel the impact immediately. Therefore, we wish to send a message of friendship and solidarity that we stand by their side in this difficult period,” Vernicos said. "We are here to send a message of solidarity with Chinese people. We are all Chinese,” said Stavros Monemvasiotis, member of the Chamber of Greek-Chinese Economic Cooperation. "We hope that this will be over very soon so that we continue our creative cooperation,” said Kostas Konstantinidis, managing director of a company specializing in digital consultancy in culture, which has been promoting China-Greece cultural exchanges in recent years. Culture has been a strong link between China and Greece, the two ancient civilizations, and cultural exchanges between them have increased in recent years, strengthening bilateral friendship and cooperation in many other fields. Ilias Chatzichristodoulou, director of Athens Digital Arts festival, communicates with his Chinese friends every day via emails. They are organizing performances by Greek artists in China this May. The coronavirus epidemic is a factor which worries them, but has not derailed their plan. "Everybody's heart, including people in Greece, should be this bright,” he said, raising the Chinese red lantern. "This bullying we are witnessing currently should not exist,” he added, referring to the discrimination against Chinese people in a few countries recently. "It is obvious that this is racism expressed by people with no education and no brains. But it is still a dangerous racism. It is equally dangerous if it is against Chinese or Africans or Europeans. We should be and we will be decisive in addressing this phenomenon in Greece and Europe as a whole,” Provatas told Xinhua. Many Chinese have been living and working in Greece for years, forging strong bonds of friendship with Greeks. "We live together as brothers for decades. We cannot allow this. If we will allow any person with no brains to attack Chinese children today, if we don’t stop it, tomorrow he will attack other children,” Provatas stressed. The Greek society defends the right of each individual, regardless of race, skin color or religion, to live in peace without anyone insulting them, he said. The world should show gratitude to the Chinese people for their courage and sacrifices in battling the disease decisively and in preventing its spread to other countries, he said. "We really admire the patience and determination of the Chinese people facing this problem … We appreciate and we admire all this gigantic effort, their determination and discipline, because they know that this is the only way to help themselves and the world from the further spread of the epidemic,” Provatas noted. Source: xinxuanet.com
ACCDA visits Chinese Embassy in Lebanon
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ACCDA visits Chinese Embassy in Lebanon
17 Feb 2020
A delegation from the Arab Chinese Cooperation and Development Association (ACCDA), headed by Mr. Kassem Tofailli, met the Chinese Ambassador to Lebanon Mr. Wang Kejian. The delegation included the two vice-presidents, Dr. Pierre El-Khoury and Dr. Jamil Hudeib, the Secretary General, Mukhtar Haidar, a group of university professors, intellectuals, journalists, and a number of Lebanese students pursuing their studies in Chinese universities. While the Society's delegation expressed its full solidarity with China in the ordeal facing the epidemic of the new Coronavirus, a presentation of the initiatives undertaken by the association to this day to show solidarity with the Chinese people, especially at the Arab and European levels. ACCDA also announced the organization of a round table in the association’s headquarters between the ambassador and various Lebanese health media experts to clarify the health situation and its repercussions on China and the world. The Association also announced the preparation to send a solidarity and investigative delegation from Arab to China that helps explain the reality of what is going on. In turn, Ambassador Kejian thanked the delegation for its solidarity initiative and presented the latest developments of the epidemic on the ground. The Chinese ambassador said that the work did not stop containing the epidemic, and that cooperation continues at the highest levels with the World Health Organization in a wide framework of transparency, exchange of experiences, information and a map of the spread of the virus. Ambassador Keijian added that Beijing sent twenty medical teams to Wuhan in Hubei Province, the epidemic spread center, and that three of them were successfully mixing Chinese medicine with Western Medicine to stop the spread of the epidemic, and although the number of those recovering from it is constantly increasing, the epidemic has not reached yet the peak point, when new discovered infections will subside and recovery rates will rise. The Chinese ambassador explained the new outbreak of the Corona virus, which still imposes a complete quarantine on Hubei Province and some of its main cities. The Association affirmed that it stood by all possible means and determination alongside the great Chinese people and its wise leadership. Source: ACCDA
Star of January: Chamber of Commerce and Industry of the Republic of Moldova
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Star of January: Chamber of Commerce and Industry of the Republic of Moldova
16 Jan 2020
Chamber of Commerce and Industry of the Republic of Moldova The CCI of the Republic of Moldova is an institution intended to support and represent interests of its members and of the business communities in the Republic of Moldova in its relations with government bodies, foreign business circles and International bodies. – The Chamber organizes its activities in the framework of the CCI Sectors of Business Committees; – Ensures access of the CCI members to analytical, economic, statistical, financial information; – Ensures the expertise related to the development trends of the business environment; – Ensures the public-private dialogue, participates as a member of advisory bodies established with central and local public authorities. To learn more about CCI’s functions, please click the following link: https://chamber.md/en/the-main-functions-of-the-chamber-of-commerce-and-industry/ Recent Activities 1. International Business Forum “Moldova 2020 – shaping the future of international business cooperation” The Chamber of Commerce and Industry of the Republic of Moldova (CCI RM), a member of SRCIC, has the great pleasure of inviting you to theInternational Business Forum“Moldova 2020 –shaping the future of international business cooperation”. The event will be hosted by the CCI RM on January, 30 2020 in Chisinau. For more information, please click the following link: http://srcic.org/news/international-business-forum-moldova-2020/ Interactiveness From L to R: VeaceslavBurlac, Mayor of Criuleni, Lu Jianzhong, Chairman of SRCIC, and Mihail Bilba, Vice Presidentof CCI of RM On October 2018, Mihail Bilba, Vice Presidentof Chamber of Commerce and Industry of the Republic of Moldova (CCI of RM) led the Moldovan delegation including Governor of Drochia, Mayor of Criuleni, Deputy Mayor of Edinet, and President of Chamber of Commerce and Industry Moldova-China (CCI-MC) also on behalf of Mayor of Chetrosu to attend the 2018 Silk Road Business Summit (Zhangjiajie city). Mihail Bilba, Vice Presidentof CCI of RM (M),and Boris Foca, President of CCI-MC (R) attending the 2018 Silk Road Business Summit At the Summit, the Silk Road Chamber of International Commerce (SRCIC) and China Association for Friendship (CAF) jointly inaugurated the Silk Road Urban Alliance (SRUA). Representatives of Drochia State, Criuleni City, Edinet City, and Chetrosu City signed the Memorandum of Understanding (MOU), officially becoming the members of SRUA. Awarding Ceremony for SRUA members After the Summit, the Chamber of Commerce and Industry Moldova-China also became a member of SRCIC.
International Business Forum “Moldova 2020 – shaping the future of international business cooperation”
International Business Forum “Moldova 2020 – shaping the future of international business cooperation”
7 Jan 2020
The Chamber of Commerce and Industry of the Republic of Moldova (CCI RM), a member of SRCIC, has the great pleasure of inviting you to the International Business Forum “Moldova 2020 –shaping the future of international business cooperation”. The event will be hosted by the CCI RM on January, 30 2020 in Chisinau. The International Business Forum is organized in cooperation with the European Union's projectEnterprise Europe Networkwith the aim of fostering the investment and commercial cooperation between the entrepreneurs from the Republic of Moldova and the foreign business community. Leading representatives from SMEs, R&D institutions and governments will join you to discuss exciting new economic and commercial opportunities and to develop new business relationships. The Forum is organized in the framework of the National Exhibition “Made in Moldova” which will take place from January 29th to February 2nd 2020 at the International Exhibition Centre “Moldexpo” in Chisinau. The exhibition is organized annually by the Chamber of Commerce and Industry of the Republic of Moldova. The event has become over years one of the biggest and most prestigious exhibitions in the country. At the previous XVIIIth edition, 450 economic operators attended the exhibition on an area of 4680 square meters. In view of the importance of the event for strengthening and diversifying the international economic relations, we would be honored to welcome you as our guest and would appreciate your support in informing the representatives of the business community from your region /country about the opportunities and benefits of taking part in the International Business Forum “Moldova 2020 –shaping the future of international business cooperation”. For the high-level organization of the forum and thorough planning of the B2B meetings, we would be grateful to receive feedback regarding your intention of participation and the registration of companies from your region by January 20th, 2020. For registration, please follow the link: https://international-business-forum-moldova-2020.b2match.io/ For further information and to confirm attendance please contact the Chamber of Commerce and Industry of the Republic of Moldova - Department of International Relations, phone. +373 22 22 13 91/+373 22 22 26 26 e-mail: een@chamber.md. For the agenda, please click here to download.
Chairman's Message

Greetings from the Silk Road Chamber of International Commerce! On behalf of SRCIC, I would like to welcome you to our website!

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