Archive for ‘Chinese premier Li Keqiang’

23/11/2019

Germany’s BASF starts building $10-billion petrochemical project in China

BEIJING (Reuters) – German chemical giant BASF (BASFn.DE) has begun construction of its $10-billion (£7.8 billion) integrated petrochemicals project in China’s southern province of Guangdong, the company said in a statement on Saturday.
The project based in the city of Zhanjiang will be China’s first wholly foreign-owned chemicals complex, for which a framework agreement was signed in January.
It will primarily produce engineering plastics and thermoplastic polyurethane (TPU), and some petrochemical products widely used in automotive, electronics and new energy vehicles industries.
The project’s first phase is expected to be launched in 2022, with production capacity of 60,000 tonnes per year (tpy), taking BASF’s total capacity of engineering plastics and TPU to 290,000 tpy in the Asia-Pacific region.
The entire project is planned to be completed by 2030, the company said, making it the third-largest BASF site worldwide, following Ludwigshafen in Germany and Antwerp in Belgium.
BASF plans to employ a comprehensive smart manufacturing concept at the project, deploying automated packaging, high-tech control systems and automated guided vehicles, it added.
“(The project) will form a solid foundation for a world-class industrial cluster in Zhanjiang and establish stronger business connections between South China and other Asian countries,” Stephan Kothrade, a BASF regional official in China, said in the statement.
The project is “a signal showing China’s efforts of further opening-up are taking effect,” Chinese Premier Li Keqiang said, according to a central government website.
China would treat enterprises with all types of ownership structures, as well as domestic and foreign firms, equally and without discrimination, he added.
Source: Reuters
22/11/2019

Chinese premier meets int’l institutions leaders on world economy

CHINA-BEIJING-LI KEQIANG-INT'L INSTITUTIONS LEADERS-ROUNDTABLE MEETING (CN)

Chinese Premier Li Keqiang and leaders of six major international economic and financial institutions meet the media after their fourth roundtable meeting in Beijing, capital of China, Nov. 21, 2019. The six leaders are World Bank Group President David Malpass, International Monetary Fund Managing Director Kristalina Georgieva, World Trade Organization Deputy Director-General Alan Wolff, International Labor Organization Director-General Guy Ryder, Organization for Economic Cooperation and Development Secretary-General Angel Gurria and Financial Stability Board Chairman Randal Quarles. (Xinhua/Yue Yuewei)

BEIJING, Nov. 21 (Xinhua) — Chinese Premier Li Keqiang held a roundtable meeting with leaders of six major international economic and financial institutions in Beijing on Thursday.

The six leaders are World Bank Group President David Malpass, International Monetary Fund Managing Director Kristalina Georgieva, World Trade Organization Deputy Director-General Alan Wolff, International Labor Organization Director-General Guy Ryder, Organization for Economic Cooperation and Development Secretary-General Angel Gurria and Financial Stability Board Chairman Randal Quarles.

Li expressed hope to build consensus, boost confidence and deepen cooperation through the meeting, so as to promote the sustained, healthy and stable development of world economy.

It is the fourth roundtable meeting for Li and leaders of the six institutions. This year’s meeting features the theme of “promoting openness, stability and high-quality development of the world economy.”

Source: Xinhua

21/11/2019

Chinese premier meets World Bank chief

CHINA-BEIJING-LI KEQIANG-MALPASS-MEETING (CN)

Chinese Premier Li Keqiang meets with World Bank President David Malpass at the Great Hall of the People in Beijing, capital of China, Nov. 20, 2019. (Xinhua/Rao Aimin)

BEIJING, Nov. 20 (Xinhua) — Chinese Premier Li Keqiang met with World Bank President David Malpass on Wednesday, expressing the willingness to deepen cooperation with the World Bank in key areas.

Li said the World Bank is a globally important multilateral development institution and China attaches importance to developing its relations with the World Bank and stands ready to deepen cooperation with the World Bank in key areas such as environmental protection, biodiversity and poverty alleviation through financial and intellectual cooperation.

At the same time, China will fulfill its international responsibilities and obligations as a large developing country to jointly promote global development, Li said.

The current international situation is complicated and grim, with the downward pressure on the world economy increasing and the economic growth of major economies slowing down, Li noted.

He said the Chinese economy has been deeply integrated into the world economy, and the country is deepening reform and expanding opening up, accelerating the building of a market-oriented, law-based and international business environment and further invigorating the market.

“China is willing to deepen mutually beneficial cooperation with all parties, uphold the rules-based free trade system, tide over difficulties and inject impetus into global economic growth and respective development,” Li added.

Malpass said the current world economy is facing severe challenges that need to be addressed by all parties.

China’s economic development has great potential and remarkable achievements have been made in opening up to the outside world, Malpass said, noting that the Chinese government is making unremitting efforts in the areas of economic growth, aging, scientific and technological innovation and environmental protection, and the World Bank is willing to strengthen cooperation with China in these areas, he added.

Source: Xinhua

04/11/2019

Seven years on, still no RCEP trade deal, and India pulls out

  • Hopes were high a regional summit could finally wrap up negotiations on the Regional Comprehensive Economic Partnership
  • But despite claims of ‘significant progress’ in the 16-nation talks, India remains a stumbling block
Indian Prime Minister Narendra Modi and China’s Premier Li Keqiang attend the Regional Comprehensive Economic Partnership Summit in Bangkok. Photo: AFP
Indian Prime Minister Narendra Modi and China’s Premier Li Keqiang attend the Regional Comprehensive Economic Partnership Summit in Bangkok. Photo: AFP
Fifteen of the countries involved in negotiating a mammoth 16-nation Asian trade pact were on Monday hoping to seal the deal after seven years of talks but faced a fresh setback as India signalled it was pulling out over terms that were against New Delhi’s interests.
A joint statement by all 16 states involved in the Regional Comprehensive Economic Partnership (RCEP) said 15 economies had “concluded text-based negotiations for all 20 chapters and essentially all their market access issues”, and would undertake legal scrubbing of the proposed pact before a formal signing in 2020.
But “India has significant outstanding issues, which remained unresolved”, the statement said.
“All RCEP participating countries will work together to resolve these outstanding issues in a mutually satisfactory way. India’s final decision will depend on satisfactory resolution of these issues.”
Multiple Indian media outlets reported that Prime Minister Narendra Modi had told a Monday evening meeting of leaders from the RCEP countries that “neither the talisman of [Mahatma Gandhi] nor my own conscience permit me to join the RCEP”.

“When I measure the RCEP agreement, with respect to the interest of Indians, I don’t get a positive answer,” he was quoted as saying.

Indians protest against the Modi-led government’s backing of the Regional Comprehensive Economic Partnership. Photo: AFP
Indians protest against the Modi-led government’s backing of the Regional Comprehensive Economic Partnership. Photo: AFP

Henry Gao, a law professor at the Singapore Management University focusing on international trade law, said an RCEP without India would be “even more worthwhile” for the so-called RCEP-15.

He cited two reasons: India’s “low ambitions” for the pact, and the high level of integration among the countries of East and Southeast Asia which are part of the RCEP-15.

“A mega trade deal like RCEP will only further accelerate the integration process and greatly boost trade and economic growth in the region,” Gao said.

Explained: Regional Comprehensive Economic Partnership (RCEP)
Earlier expectations were that the joint statement would declare at least a “substantial conclusion”, “near conclusion” or “in principle conclusion” of the RCEP, which aims to create a free-trade zone spanning 39 per cent of the world economy.
The phrasing used to describe the progress of negotiations is being closely parsed because, since it requires endorsement from all RCEP countries, it accurately captures the sentiment of all the 16 negotiating teams.
Last year, Singapore, as chair of the Association of Southeast Asian Nations (Asean), pushed for a conclusion of the deal, but eventually the joint statement declared that only “substantial progress” had been made.
Asean countries plus six others are negotiating the trade pact. Photo: AFP
Asean countries plus six others are negotiating the trade pact. Photo: AFP

Indian media, citing government sources, said the pact’s inadequate protection against import surges, the possible circumvention of rules of origin, and a lack of “credible assurances” on market access and non-tariff barriers, proved too much for New Delhi to swallow.

India,

facing fierce domestic criticism for being in the pact despite opposition even from

Modi’s 

Hindu nationalist support base, last week piled on a fresh set of demands that other countries balked at, negotiators from Southeast Asian countries said over the weekend.

Furious efforts that continued up to Sunday night failed to bridge the gap between India and the 15 countries.
India’s concerns about RCEP remain the major obstacle to world’s largest trade deal

Indian critics of the RCEP say the deal will have a ruinous impact on the South Asian economy, which has trade deficits with the other 15 countries.

The biggest opposition has come from the country’s long protected industries, such as its dairy sector, which fears it could be wiped out by lower tariffs on Australian and New Zealand products that would result from the RCEP.

Indian government sources on Monday said the country had not made last-minute demands, but Southeast Asian negotiators said major demands were made as late as Thursday.

Gao, the Singapore-based law professor, said it “makes sense for India to stay out” as it would have faced “a lot of competition from Chinese manufactured products” if it were part of the deal.

“India could temporarily shield its firms from Chinese competition by staying out, but whether this will work in the long term is a different question,” he said.

Source: SCMP

04/11/2019

Li urges China, ASEAN to uphold multilateralism, free trade

THAILAND-BANGKOK-LI KEQIANG-CHINA-ASEAN LEADERS' MEETING

Chinese Premier Li Keqiang addresses the 22nd China-ASEAN (10+1) leaders’ meeting in Bangkok, Thailand, Nov. 3, 2019. (Xinhua/Zhai Jianlan)

BANGKOK, Nov. 3 (Xinhua) — Chinese Premier Li Keqiang on Sunday called on China and ASEAN to uphold multilateralism and free trade, resist risks and realize common development at the 22nd China-ASEAN (10+1) leaders’ meeting in Bangkok.

Since China and ASEAN established dialogue relations, they have brought benefits to each other and the wider region, Li said, adding that China always supports ASEAN’s central role in East Asian cooperation.

Noting that the mounting downward pressure on the global economy brings new severe challenges, Li said China and ASEAN countries should jointly uphold multilateralism and free trade, withstand risks and realize common development.

The premier said China and ASEAN countries should stick to the principle of shared benefits and win-win outcomes, and speed up the work to upgrade economic and trade cooperation.

He called for an early conclusion of the negotiations on the Regional Comprehensive Economic Partnership (RCEP) so as to lay the foundation for East Asia’s economic integration, and the implementation of the China-ASEAN Free Trade Area Upgrade Protocol to promote trade and investment liberalization and facilitation.

Li said China and ASEAN countries should enhance strategic mutual trust and safeguard peace and stability in the region.

The Code of Conduct (COC) in the South China Sea is an upgraded version of the Declaration on the Conduct of Parties in the South China Sea (DOC). Last year, China proposed that all parties should try to finish the COC talks in three years. The first reading of the single draft negotiating text of the COC in the South China Sea has been completed ahead of schedule, and the second reading has been launched.

Li said he hopes all sides will actively carry forward the consultations according to the previously agreed timetable, meet each other halfway, and safeguard peace and stability in the South China Sea.

The premier also said China and ASEAN countries need to carry forward their friendship from generation to generation, and stay ready to enhance people-to-people and cultural exchanges in such areas as media, health, education and tourism.

China is willing to train 1,000 administrative health staff and technical professionals in the following three years for ASEAN and will support projects such as the China-ASEAN Young Leaders Scholarship, said the premier.

Stressing that China will unswervingly pursue the path of peaceful development and an opening-up strategy of mutual benefit, Li said China is willing to synergize the Belt and Road Initiative with the development strategies of ASEAN as a whole and its members as well.

He urged to accelerate the construction of the existing economic corridors, promote infrastructure connectivity cooperation, as well as support the building of the Brunei Darussalam Indonesia Malaysia Philippines East ASEAN Growth Area.

Li encouraged innovation cooperation in the areas including digital economy, artificial intelligence, big data and cyber security, and the establishment of a China-ASEAN partnership on blue economy to enhance maritime exchanges and cooperation.

Thailand’s Prime Minister, also the rotating chair of ASEAN, Prayut Chan-o-cha, Philippine President Rodrigo Duterte, Brunei’s Sultan Haji Hassanal Bolkiah, Indonesian President Joko Widodo, Malaysian Prime Minister Mahathir Mohamad, Vietnamese Prime Minister Nguyen Xuan Phuc, Myanmar’s State Counselor Aung San Suu Kyi, Singaporean Prime Minister Lee Hsien Loong, Lao Prime Minister Thongloun Sisoulith and Cambodian Prime Minister Samdech Techo Hun Sen attended the meeting. Li and Prayut co-chaired the meeting.

At the meeting, ASEAN leaders expressed congratulations on the 70th anniversary of the founding of the People’s Republic of China, saying that the ASEAN-China partnership is the most dynamic one in all the partnerships ASEAN has forged.

Speaking highly of the new cooperation progress over the past year, the leaders said their countries would like to take an active role in building the Belt and Road, expand cooperation in areas of inter-connectivity, science and technology innovation, e-commerce, smart cities and blue economy, and increase two-way investment.

They also expressed the hope that the ASEAN-China trade volume can exceed 1 trillion U.S. dollars at an early date.

The leaders also applauded the new progress made in the COC negotiation, saying that their countries would like to maintain the momentum and advance the process.

During the meeting, China and ASEAN agreed to make an action plan to implement The Joint Declaration on China-ASEAN Strategic Partnership for Peace and Prosperity (2021-2025), issued statements on the Belt and Road Initiative, smart cities and media exchanges, and announced that the year 2020 will be the year of China-ASEAN digital economy cooperation.

Li arrived in Bangkok late on Saturday for an official visit to Thailand and a series of events including the 22nd China-ASEAN (10+1) leaders’ meeting, the 22nd ASEAN-China, Japan and South Korea (10+3) leaders’ meeting, and the 14th East Asia Summit.

Source: Xinhua

03/11/2019

Chinese premier calls for advancing South China Sea COC consultations as scheduled

BANGKOK, Nov. 3 (Xinhua) — Chinese Premier Li Keqiang said Sunday that he hopes all sides will actively carry forward consultations on the Code of Conduct (COC) in the South China Sea according to the previously agreed timetable.

Li made the comment at the 22nd China-ASEAN (10+1) leaders’ meeting in Bangkok.

The South China Sea situation has been generally stable as a result of concerted efforts between China and the Association of Southeast Asian Nations (ASEAN) member states, Li said.

“Last year, I proposed a vision that the COC talks will be completed in three years,” he said, adding that in the past year, the first reading of the single draft negotiating text of the COC in the South China Sea has been completed ahead of schedule, and the second reading has been launched.

The COC is an upgraded version of the Declaration on the Conduct of Parties in the South China Sea (DOC). Relevant sides are expected to follow the DOC principles, resist disruptions, meet each other halfway, and finish the second reading in 2020, Li said.

Li called on all sides to uphold peace, friendship, and cooperation in the South China Sea and safeguard lasting peace, stability in the region.

Source: Xinhua

02/11/2019

Interview: Chinese premier’s visit to further deepen Thailand-China ties, says Thai PM

BANGKOK, Nov. 2 (Xinhua) — The upcoming visit by Chinese Premier Li Keqiang to Thailand will further deepen the comprehensive strategic cooperative partnership between China and Thailand, Thai Prime Minister Prayut Chan-o-cha told Xinhua recently.

Li is scheduled to attend the 22nd China-ASEAN (10+1) leaders’ meeting, the 22nd ASEAN-China, Japan and Republic of Korea (10+3) leaders’ meeting, and the 14th East Asia Summit in the Thai capital Bangkok and pay an official visit to Thailand.

Prayut expressed his welcome to Li’s visit in the written interview, adding that in recent years, the bilateral comprehensive strategic cooperative partnership has continued to deepen on the basis of mutual respect, mutual trust, mutual-benefit and win-win cooperation.

The two sides have witnessed frequent exchange of visits by high-ranking officials and deepened communication, which were demonstrated by the rapid delivery of key connectivity projects such as the Thai-Chinese high speed rail and the high speed rail project linking three airports in Thailand, said Prayut.

Both Thailand and China attach great importance to infrastructure and connectivity construction and have achieved notable results in bilateral economic cooperation, Prayut added.

Noting that as this year’s rotating chair of ASEAN, Thailand has proposed the “Connecting the Connectivities” approach, Prayut said that Thailand has been striving to push forward the building of the Thai-Chinese high speed rail project and enhance the synergy between China’s Guangdong-Hong Kong-Macao Greater Bay Area and Thailand’s Eastern Economic Corridor (EEC).

The Thai prime minister said that he expected China and ASEAN to reach an agreement on dovetailing the Belt and Road Initiative and the Master Plan on ASEAN Connectivity 2025 during their upcoming meeting in Bangkok, adding that such move will contribute to speeding up the regional connectivity process.

He also said both countries could tap the potential of regional cooperation frameworks or initiatives such as Lancang-Mekong cooperation mechanism to strengthen cooperation.

The Thai government welcomes Chinese enterprises to invest in Thailand’s EEC, and will strongly support Thai-Chinese cooperation in technological innovation, e-commerce and other areas while learning from China’s experience in poverty-elimination, environmental protection and smog control, said the prime minister.

Prayut said the Thai side hopes that Li’s visit will further deepen the comprehensive strategic cooperative partnership between the two countries and boost the development of Thailand’s 20-year national strategy and the “Thailand 4.0” strategy, so as to help the country better deal with the ever-changing global economic and political situation.

On ASEAN-China ties, Prayut said the development of the strategic partnership between the two sides in the past decade has demonstrated that the relationship is the most fruitful one between ASEAN and its dialogue partners and also one of the important pillars in maintaining regional peace, stability, prosperity and sustainable development.

ASEAN and China have deepened cooperation and realized mutually beneficial and win-win results in various fields this year, including connectivity, smart cities, and people-to-people exchanges, which are priority areas defined in the China-ASEAN Strategic Partnership Vision 2030, he said.

Prayut said that Thailand believes that China will support ASEAN in community building, support ASEAN’s central role in regional cooperation and its bigger role in building an open and inclusive regional cooperation framework.

Source: Xinhua

02/11/2019

China-Uzbekistan relations enter golden period of rapid development: Premier Li

UZBEKISTAN-TASHKENT-CHINA-LI KEQIANG-ARRIVAL

Chinese Premier Li Keqiang, accompanied by Uzbek Prime Minister Abdulla Aripov, inspects the guard of honor during a welcome ceremony in Tashkent, Uzbekistan on Nov. 1, 2019. Li arrived here for the 18th meeting of the Council of Heads of Government of Member States of the Shanghai Cooperation Organization (SCO) and an official visit to Uzbekistan. (Xinhua/Huang Jingwen)

TASHKENT, Nov. 1 (Xinhua) — Chinese Premier Li Keqiang said on Friday that in recent years, relations between China and Uzbekistan have entered a golden period of rapid development under the strategic guidance of the two heads of state.

Li arrived here for the 18th meeting of the Council of Heads of Government of Member States of the Shanghai Cooperation Organization (SCO) and an official visit to Uzbekistan.

Upon Li’s arrival, Uzbek Prime Minister Abdulla Aripov and other senior Uzbek officials greeted the Chinese premier at the airport. Aripov also held a grand welcome ceremony for Premier Li.

Noting that Uzbekistan is a friendly neighbor of China, Li said this is his first official visit to the country as Chinese premier.

Li said he looks forward to having an in-depth exchange of views with Uzbek leaders on deepening bilateral relations and practical cooperation in various fields so as to lift the China-Uzbekistan comprehensive strategic partnership to a higher level and better benefit the two peoples.

Li pointed out that in the current complex international situation, the SCO is playing an increasingly prominent role in maintaining regional security and stability and promoting the development and prosperity of its member states.

He said he expects to have an in-depth exchange of views with all parties on implementing the consensus reached at the Bishkek summit this June and promoting the SCO development and multilateral cooperation.

Li said he believes that all parties will take this meeting as an opportunity to continue to carry forward the Shanghai Spirit, enhance good-neighborly friendship and mutually beneficial cooperation, expand mutual openness among member states, improve trade and investment liberalization and facilitation, and make greater contributions to the well-being of the people of all countries in the region.

During his visit to Uzbekistan, Li will meet with Uzbek President Shavkat Mirziyoyev. The Chinese premier will also hold talks with Prime Minister Aripov, and they will jointly witness the signing of cooperation documents between the two sides.

While attending the SCO meeting, Li will work with other leaders of SCO member states to plan future practical cooperation of the organization and sign cooperation documents.

Source: Xinhua

30/10/2019

Premier Li meets South African deputy president

CHINA-BEIJING-LI KEQIANG-SOUTH AFRICA-MEETING

Chinese Premier Li Keqiang meets with South African Deputy President David Mabuza at the Great Hall of the People in Beijing, capital of China, Oct. 29, 2019. (Xinhua/Ding Haitao)

BEIJING, Oct. 29 (Xinhua) — Chinese Premier Li Keqiang met with South African Deputy President David Mabuza Tuesday in Beijing, calling on the two sides to promote bilateral relations for new development.

Noting that South Africa is an important African country, Li said the continued development of bilateral relations is beneficial to China-Africa cooperation.

China is ready to work with South Africa to consolidate mutual political trust and promote practical cooperation and people-to-people exchanges to push for new development in bilateral relations, he said.

“Both China and South Africa are developing countries and have broad common interests,” said Li, adding that China stands ready to work with South Africa to closely communicate and coordinate in international and regional affairs and enhance cooperation in multilateral mechanisms such as the UN and BRICS, to jointly safeguard developing countries’ interests and maintain regional and world peace.

Mabuza, who is on an official visit to China and will co-chair the seventh plenary session of the China-South Africa Bi-National Commission with his Chinese counterpart, offered his congratulations for the 70th anniversary of the founding of the People’s Republic of China.

He thanked China for its long-standing support for South Africa and African countries’ development and conveyed his admiration for China’s great development achievements.

Mabuza said his country is willing to learn from China’s development experience, deepen practical cooperation across the board with China and push bilateral relations to reach a new level.

Source: Xinhua

29/10/2019

Chinese Premier’s trip to Uzbekistan, Thailand to cement ties, all-round cooperation among SCO, East Asia

BEIJING, Oct. 28 (Xinhua) — Premier Li Keqiang’s upcoming trip to Uzbekistan and Thailand is of great importance to cementing cooperation among both SCO members and East Asian states, as well as solidifying Chinese relations with Uzbekistan and Thailand, senior officials said at a press briefing Monday.

Premier Li is scheduled to attend the 18th meeting of the Council of Heads of Government (Prime Ministers) of the Shanghai Cooperation Organization (SCO) in the Uzbek capital Tashkent, pay an official visit to Uzbekistan, and attend the 22nd China-ASEAN (10+1) leaders’ meeting, the 22nd ASEAN-China, Japan and Republic of Korea (10+3) leaders’ meeting and the 14th East Asia Summit (EAS) in the Thai capital Bangkok before paying an official visit to Thailand, from Nov. 1 to 5.

During the SCO heads of government meeting, Li will explain Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era and share the successful construction experience of the People’s Republic of China in the past 70 years, according to Assistant Foreign Minister Chen Xiaodong.

“Li will exchange in-depth views with the leaders of the participating countries on enhancing solidarity and mutual trust among member states, building the Belt and Road Initiative and cooperation in such fields as economy and trade, industrial capacity, connectivity, finance, investment and people-to-people exchanges,” Chen said.

Noting it will be Li’s first official visit to Uzbekistan, Chen said the premier will exchange views with the Uzbek side on implementing the important consensus of the two heads of state, promoting the development of bilateral relations and international and regional issues of common concern. The two sides will sign a series of cooperation agreements covering economy and trade, investment, science and technology, customs and other fields.

Regarding the East Asian leaders’ meeting on cooperation, Chen said the premier will expound on China’s policy proposals for East Asian cooperation and propose more than 20 new initiatives for deepening cooperation under various mechanisms.

The East Asian leaders’ meeting this year will strengthen consensus, deepen cooperation, improve regional economic integration, promote regional common prosperity and development, and send out a positive signal of adhering to multilateralism and free trade, building an open world economy, according to Assistant Minister of Commerce Li Chenggang.

Calling Thailand a traditional friendly neighbor and important partner for the Belt and Road cooperation, Chen said Premier Li’s official visit to Thailand is the second visit by the premier in six years.

During the visit, the premier will exchange in-depth views with the leaders of the Thai side on bilateral relations and cooperation. The two sides will issue a joint press statement between the two governments and sign cooperation documents in such fields as technology and e-commerce.

Source: Xinhua

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