Archive for ‘China-Africa Economic and Trade Expo’

10/08/2019

Xi Focus: China’s head-of-state diplomacy breaks new ground

BEIJING, Aug. 10 (Xinhua) — Chinese President Xi Jinping has led new advances in the development of major country diplomacy with Chinese characteristics.

Xi had a packed diplomatic schedule in the first half of 2019. In April-May, he chaired or attended three events China hosted in a row in just more than half a month. In June, he made four overseas visits and attended four important international meetings in a month.

Amid immense changes in the international situation, the head-of-state diplomacy has led the way forward.

FORGING GLOBAL PARTNERSHIP NETWORK

Xi made his first overseas visit this year in March to three European countries: Italy, Monaco and France, injecting strong impetus into the China-EU comprehensive strategic partnership.

Major-country relations continued to grow. In June, Xi paid a state visit to Russia where he and Russian President Vladimir Putin elevated the China-Russia ties to a comprehensive strategic partnership of coordination for a new era. It was Xi’s eighth visit to Russia and his 31st meeting with Putin since he took office as the Chinese president in 2013.

Friendly exchanges with neighboring countries were deepened. In June, he paid a state visit to the Democratic People’s Republic of Korea (DPRK), opening a new chapter for China-DPRK friendship. Also in June, Xi visited Kyrgyzstan and Tajikistan and met with Japanese Prime Minister Shinzo Abe in the Japanese city of Osaka. All in all, Xi met or held talks with more than 30 leaders of neighboring countries in the first half of the year.

Common progress with the vast majority of developing countries was advanced. Xi congratulated the inauguration of the China-Africa Institute, the opening of the Coordinators’ Meeting on the Implementation of the Follow-up Actions of the Beijing Summit of the Forum on the China-Africa Cooperation, and the first China-Africa Economic and Trade Expo.

Xi also chaired a China-Africa leaders’ meeting on the sidelines of the G20 summit in Osaka, at which leaders reached a broad consensus on a range of issues.

LEADING GLOBAL OPENNESS, COOPERATION

Xi has said a few anti-globalization movements that have emerged in the world cannot stop the tide of globalization.

Thinking in big-picture terms, a Chinese poem says, helps one dispel the clouds to see the sun.

At the G20 summit in Osaka, Xi announced China’s further opening-up measures which have since strengthened the confidence of the global economy.

On the sidelines of the G20 summit, Xi met with U.S. President Donald Trump. They agreed to advance a China-U.S. relationship featuring coordination, cooperation and stability.

China is playing a more positive role in the multilateral trading system, taking globalization toward the direction of more inclusiveness and benefit for all, said World Trade Organization Director General Roberto Azevedo.

Meanwhile, the China-proposed principle of extensive consultation, joint contribution and shared benefits is gaining worldwide recognition.

In April, the Second Belt and Road Forum for International Cooperation was attended by about 6,000 participants from 150 countries and 92 international organizations.

A study published by the World Bank found that fully implementing deeper policy reforms of the Belt and Road Initiative would lift 32 million people out of moderate poverty, increase global trade by up to 6.2 percent and increase global income by as much as 2.9 percent.

WORKING TOGETHER FOR BETTER FUTURE

The Chinese president has called on countries around the world to make concerted efforts and jointly shape the future of humanity.

In various occasions ranging from the global governance forum co-hosted by China and France to the Conference on Dialogue of Asian Civilizations, Xi put forward China’s approaches on global governance and encouraged all parties to build consensus on upholding multilateralism.

China has been committed to firmly upholding the international system with the United Nations at its core and international law as its foundation, and standing on the side of justice as China plays an active role in endeavors such as advancing the political settlement of the Korean Peninsula issue and supporting maintaining the Iran nuclear deal.

China has become a strong pillar of international cooperation and multilateralism, according to UN Secretary-General Antonio Guterres.

At the three events China hosted in the first half of the year, Xi expounded on the concept of building a community with a shared future for humanity from different perspectives: help developing countries break growth bottlenecks, tackle environmental challenges and look to culture and civilization to play their role.

All won broad recognition.

Under Xi’s leadership, the major country diplomacy with Chinese characteristics is sailing towards a brighter future.

Source: Xinhua

08/06/2019

Factbox: China, Africa to embrace closer economic, trade ties

BEIJING, June 8 (Xinhua) — China and African countries will see more intimate economic and trade ties as the first China-Africa Economic and Trade Expo will open on June 27 in Changsha, the capital city of Hunan Province.

A total of 53 African countries have confirmed to attend the expo, and international organizations including the United Nations Industrial Development Organization, the World Food Programme and the World Trade Organization will also send representatives to attend the event.

Here are some facts and figures revealing the growing vitality of trade between China and Africa as well as broader economic exchanges.

— China has been the largest trading partner of Africa for 10 consecutive years.

— In 2018, trade volume between China and Africa amounted to 204.2 billion U.S. dollars, up 20 percent year on year.

— China’s imports of non-resource products from Africa have increased significantly. In 2018, China’s imports from Africa went up 32 percent year on year, with the imports of agricultural products up 22 percent.

— China’s exports of mechanical, electrical and high-tech products accounted for 56 percent of its total exports to African countries.

— China has finished the negotiations of a free trade agreement with Mauritius.

— More than 3,700 Chinese enterprises have been set up in Africa by the end of 2018, with combined direct investment over 46 billion dollars.

— China’s financial institutions have established more than 10 branches in Africa.

— South Africa and seven other countries have included the Chinese currency renminbi (RMB), or the yuan, in their foreign exchange reserves.

— China has formed RMB clearing arrangements with Zambia and signed currency swap agreements with four African countries including Morocco.

Source: Xinhua

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