10/04/2020
BEIJING, April 9 (Xinhua) — Chinese Vice Premier Hu Chunhua held a phone conversation on Thursday with British Chancellor of the Exchequer Rishi Sunak on advancing bilateral cooperation on epidemic prevention and economic development.
Hu, who leads the Chinese delegation to the China-UK Economic and Financial Dialogue (EFD), noted that Chinese President Xi Jinping and British Prime Minister Boris Johnson recently held two phone conversations and reached important consensus on jointly dealing with the pandemic and developing China-UK relations.
The Chinese side stands ready to work with the British side to implement the consensus reached by the two leaders, deepen practical cooperation in such fields as epidemic prevention and finance, and provide Britain with support and assistance within its capabilities in medical supplies and other fields, Hu said.
The vice premier expressed hope that the two sides will further strengthen cooperation under the framework of the United Nations and the Group of 20, promote macroeconomic policy coordination, cut tariff, remove barriers, and facilitate the flow of trade, so as to maintain the stability of the global industrial supply chain and promote sustainable growth of the world economy.
For his part, Sunak thanked China for its support and assistance, adding that Britain stands ready to strengthen bilateral cooperation in epidemic prevention, economy and finance through channels like the China-UK EFD, so as to continuously advance bilateral relations.
Source: Xinhua
Posted in advancing, bilateral cooperation, Britain, British Chancellor of the Exchequer, British Prime Minister, China-UK Economic and Financial Dialogue (EFD), China-UK EFD, China-UK relations, Chinese delegation, Chinese President Xi Jinping, Chinese Vice-Premier Hu Chunhua, cut tariff, Economic development, epidemic prevention, facilitate, flow of trade, global, Group of 20, industrial, macroeconomic policy coordination, phone conversation, Prime Minister Boris Johnson, promote, remove barriers, Rishi Sunak, stability, Supply chain, sustainable growth, Thursday, Uncategorized, United Nations, world economy. |
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19/10/2019
- Vice-Premier Hu Chunhua will lead delegation at two-day summit that is expected to be attended by 400 officials and 200 businesspeople
- Observers say it is Beijing’s latest effort to regain momentum in the region and will be closely watched in the US
Samoan capital Apia will host the third China-Pacific Island Countries Economic Development Cooperation Forum, which begins on Sunday. Photo: Alamy
China will seek to expand its economic and diplomatic influence in the South Pacific at a forum this weekend, amid growing concern from the US and its allies over Beijing’s push in the strategically important region.
Vice-Premier Hu Chunhua will lead the Chinese delegation at the third China-Pacific Island Countries Economic Development Cooperation Forum in the Samoan capital Apia, which begins on Sunday. It is expected to be attended by 400 officials and more than 200 businesspeople.
Hu, the former Communist Party chief of China’s manufacturing powerhouse Guangdong who now overseas commercial and agricultural affairs, is expected to deliver a keynote speech at the opening ceremony.
Beijing sees the two-day forum as “timely” and “a good opportunity to deepen mutually beneficial cooperation between China and the Pacific”, a commerce ministry spokesperson told the official Economic Daily newspaper.
Trade, agriculture and fisheries, as well as tourism, infrastructure and climate change were at the top of the agenda for the forum, the spokesperson said.
Leaders of all the Pacific nations – except the four that do not have formal diplomatic ties with Beijing – are expected to attend the forum. Australia, which has “observer status” at the summit, will send Ewen McDonald, deputy secretary of the Department of Foreign Affairs and Trade and the head of its Pacific office.
Vice-Premier Hu Chunhua will lead the Chinese delegation at the forum. Photo: EPA-EFE
The forum comes after China hailed a “new breakthrough” in the region following the decision last month by the Solomon Islands and then Kiribati – despite warnings from the US – to cut diplomatic ties with Taipei and switch to Beijing.
They are the latest of Taipei’s allies to be
poached by Beijing as it ramps up pressure on the self-ruled island that it sees as a renegade province to be reunited with the mainland, by force if necessary.
Observers said this weekend’s forum was Beijing’s latest effort to regain momentum in the Pacific.
“Having one of China’s top 25 officials visit the region so soon after [Chinese President] Xi Jinping spent close to three days in Papua New Guinea last November is certainly significant,” said Jonathan Pryke, director of the Pacific Islands programme at the Lowy Institute in Sydney, referring to Hu’s position in the 25-member Politburo.
“It shows clearly China’s attempt to recapture momentum after the West, and in particular Australia, have redoubled their efforts in maintaining and building relationships in the Pacific,” he said.
Papua New Guinea’s Prime Minister Peter O’Neill (second from left) and Chinese President Xi Jinping (second from right) pose for a photo during Xi’s visit in November. Photo: AFP
First held in Fiji in 2006, the forum is part of China’s efforts to expand its reach in the resource-rich region.
Back then, premier Wen Jiabao announced 3 billion yuan of concessional loans to Pacific nations and promised to facilitate more trade, medical aid and tourism with the countries. Chinese capital has been pouring into the region – particularly from the mining and fisheries sectors – ever since.
Of note was a 440 million yuan investment, supported by loans from the Export-Import Bank of China, to build a central business centre at Nuku’alofa, the capital of Tonga.
US and allies sideline China in PNG’s Bougainville by helping fund independence vote
As China’s influence grows, the South Pacific – a region traditionally under US hegemony, and on Australia’s doorstep – has “increasingly become a major power that cannot be neglected” and “an important part of China’s greater strategic landscape”, according to Shi Chunlin, an associate professor at Dalian Maritime University.
Trade has increased between China and the eight Pacific nations that have diplomatic ties with Beijing, rising to a combined US$4.32 billion last year – up 25 per cent from 2017.
China has also become the largest trading partner of new ally the Solomons, the second-largest to Papua New Guinea and Fiji, and the third-largest to Samoa.
China’s direct investment in the region has also jumped, reaching US$4.53 billion last year, a more than fourfold increase from the US$900 million of 2013.
Pryke said Beijing was expected to offer new support and loans to the Pacific nations.
“But the Pacific are much more picky about how they want to engage with all partners than they were a decade ago,” he added.
Returning from a trip to China earlier this month, Solomon Islands Prime Minister Manasseh Sogavare confirmed Beijing would provide a US$74 million grant to build a new stadium for the 2023 Pacific Games in the capital Honiara – something its former ally Taipei had committed to fund.
China Sam Group also reportedly signed an agreement on September 22 to lease the island of Tulagi in the Solomons, the site of a former Japanese naval base. The agreement mentioned the development of a refinery on the island, but critics said it could also potentially be used as a military base.
China is now the second-largest donor in the region, only after Australia, which has viewed Beijing’s financial largesse with suspicion.
Last year, in an apparent effort to counter China’s rising influence in the region, Australian Prime Minister Scott Morrison announced that Pacific countries would be offered up to US$2.18 billion in grants and cheap loans to build infrastructure.
Australian Prime Minister Scott Morrison last year announced up to US$2.18 billion in grants and cheap loans for infrastructure in Pacific nations. Photo: EPA-EFE
The US, meanwhile, has also been wary of China’s push in the Pacific, amid an escalating geopolitical competition between the world’s two largest economies across many fronts – from trade to tech supremacy and security. The US has long maintained exclusive defence access in the region through its Guam military base and security pacts with the Federated States of Micronesia, the Marshall Islands and Palau.
Derek Grossman, a senior defence analyst with the US-based Rand Corporation, said this year’s forum in Samoa was likely to be higher profile than previous years after Beijing lured away two more diplomatic allies from Taipei.
He said it would be “closely watched in the US for how Beijing continues to leverage sweet economic deals via its Belt and Road Initiative to potentially entice others to switch”.
“The US, along with close friends Australia, Japan and New Zealand, are becoming increasingly concerned over the prospects for China to one day curry enough influence in these small island states to gain port access that could be used for new naval bases,” he said.
The most important issue at the forum, he said, would be “whether the West assesses that China is making further inroads with these states”.
“The likely answer will be that it is, suggesting that the US and its partners will have to compete with China in this region to ensure that it remains ‘free and open’, per the US Indo-Pacific strategy,” he said.
Source: SCMP
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14/10/2019
LHASA, Oct. 13 (Xinhua) — A senior official has called for enhanced efforts in eradicating poverty in west China’s underdeveloped areas and making sure to win the battle against poverty on schedule.
Hu Chunhua, a member of the Political Bureau of the Communist Party of China Central Committee and chief of the State Council leading group of poverty alleviation and development, made the remarks when he inspected poverty-eradication work in Tibet Autonomous Region from Oct. 11 to 13.
Parts of Tibet, Xinjiang Uygur Autonomous Region, and provinces of Sichuan, Qinghai, Gansu and Yunnan are major targeted areas for the country to win an overall combat against poverty on schedule.
Hu said the poverty alleviation campaign has entered a crucial stage and the country will continue its efforts unswervingly to ensure all rural population living in poverty-hit areas will be lifted out of poverty.
More efforts should be made to satisfy the need of poor population in terms of compulsory education, basic medical care, safe housing and drinking water.
To consolidate achievements of poverty relief campaign, more measures should be taken, including boosting poverty-alleviation industries and county-level economy, and enhancing follow-up support for people relocated from harsh living conditions, he added.
Source: Xinhua
Posted in Chinese Vice-Premier Hu Chunhua, Gansu Province, Hu Chunhua, member of the Political Bureau of the Communist Party of China Central Committee, poverty-eradication work, Qinghai Province, sichuan province, State Council leading group of poverty alleviation and development, Tibet Autonomous Region, Uncategorized, Vice Premier Hu Chunhua, Xinjiang Uygur Autonomous Region, Yunnan Province |
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13/10/2019
- The leaders agreed to set up a mechanism to boost economic ties and tackle India’s trade deficit with China after their second informal summit
- As 2020 is the 70th anniversary of diplomatic ties between both countries, India and China will hold 70 events next year to promote relations
Indian Prime Minister Narendra Modi and Chinese President Xi Jinping during their meeting in Mamallapuram, Chennai. Photo: EPA
Chinese President
Xi Jinping and Indian Prime Minster
Narendra Modi concluded their second informal summit on Saturday by pledging to overcome trade differences and appreciate “each other’s autonomous foreign policies”, signalling an effort to focus on mutual interests rather than on long-standing contentious issues.
Modi remarked that both sides had agreed to be “sensitive” to each other’s concerns and not let differences escalate into disputes, while Xi called for communication to “alleviate suspicions” and for India and China to enhance strategic mutual trust, according to state news broadcaster CCTV.
Their desire to look beyond irritants in diplomatic ties, including a decades-long border row and China’s close military ties with India’s arch rival, Pakistan, comes as Beijing is embroiled in a tariff war with Washington that has rocked the global economy.
In a sign of China’s willingness to address India’s trade deficit with it, the leaders agreed to launch a “High Level Economic and Trade Dialogue”.
As Xi meets Modi, Chinese in Chennai hope to witness the ‘Wuhan spirit’
Chinese Vice-Premier Hu Chunhua and Indian Finance Minister Nirmala Sitharaman will meet regularly to discuss ways to boost two-way trade and investments, Indian foreign secretary Vijay Gokhale said in a media briefing.
India has a US$53 billion trade deficit with China, which makes up almost a third of its total trade deficit. It is also facing pressure to decide if it will commit to the China-led
(RCEP), which aims to create the world’s largest trading bloc involving 16 countries before the end of the year.
Narendra Modi exchanges gifts with Xi Jinping. Photo: AFP
Negotiations are ongoing with talks taking place in Bangkok this week, but India’s domestic producers have opposed the agreement over fears of a flood of Chinese imports. On Friday, the Indian government rejected clauses in the agreement related to e-commerce, according to reports.
Gokhale told the media briefing that both leaders, who met in the coastal town of Mamallapuram about 50km away from Chennai, briefly discussed the RCEP.
“PM Modi said India was looking forward to the RCEP but it is important that RCEP is balanced, that a balance is maintained in trade in goods, trade in services and investments,” he said, adding that Xi agreed to further discussions of India’s concerns on the issue.
Narendra Modi with Xi Jinping in Mamallapuram. Photo: EPA
CCTV said Xi had six suggestions for how China and India could further improve ties, including assessing each other correctly and stepping up cooperation between their militaries. Besides economic and trade dialogue, China welcomed Indian pharmaceutical and IT companies to invest there, he said.
“We should look at disputes with a correct mind, and not let disputes affect cooperation.
“Both sides should properly and fairly get a solution for border disputes that are acceptable to each other … [and] cautiously handle each other’s core interests, and take proper measures to control issues that cannot be resolved immediately,” the president reportedly said.
Gokhale told reporters that both countries had agreed to pursue, through special representatives, an ongoing dialogue on their disputed border. China and India have held more than 20 rounds of talks to resolve their boundary dispute, over which they went to war in 1962. Different mechanisms have been set up to maintain peace along the 4,000-kilometre (2,485-mile) so-called Line of Actual Control.
Xi and Modi bank on chemistry as they talk trade and terrorism
Gokhale confirmed that the leaders – who met for a total of seven hours over Friday and Saturday, with the bulk of their time spent in one-on-one talks – did not discuss
, a region that is currently divided between India and Pakistan but which both nuclear-armed rivals claim in full.
Since India revoked the autonomy of the area it controls in August and imposed a lockdown,
has lobbied its allies – including its all-weather friend China – to support its opposition to the move. New Delhi had reacted sharply to Beijing’s move to take the matter to the United Nations, insisting that it was a purely bilateral issue. Two days before the summit, Xi had hosted Pakistan Prime Minister Imran Khan and had assured him of China’s support on all core issues, a statement that had irked India.
Gokhale said both leaders “emphasised the importance of having independent and autonomous foreign policies”.
“President Xi said that the two countries needed to have more extensive dialogue in order to understand each other’s perspectives on major global and regional issues,” he added.
Narendra Modi exchanges gifts with Xi Jinping. Photo: AFP
The leaders also discussed terrorism, with a statement issued later by New Delhi saying both sides would make efforts to ensure the international community strengthened its framework “against training, financing and supporting terrorist groups throughout the world and on a non-discriminatory basis”.
The China-led multilateral Financial Action Task Force, which has been investigating Pakistan’s efforts to stamp out the financing of terrorism, is expected to decide soon if it would add Islamabad to its blacklist along with Iran and North Korea, a move that could invite stringent economic sanctions and drive away international financial institutions, both of which could affect Pakistan’s already-indebted economy adversely.
Gokhale added that as 2020 is the 70th anniversary of diplomatic ties between both countries, India and China will hold 70 events next year to promote people-to-people ties, with Modi accepting an invitation by Xi for the next informal summit to be held in China.
Both leaders had struck positive notes on the summit – with Xi describing their discussions as “candid” and between friends and Modi hailing the “Chennai Connect” meeting as marking a new era of cooperation between both countries.
War games, Kashmir and a US$57b question: the issues as Xi meets Modi
But analysts said they would be looking to see how the newly-announced high-level mechanism on trade panned out.
Narayani Basu, a New Delhi-based author, foreign policy analyst and China watcher felt the summit had achieved its purpose of bagging small wins for both sides.
“Discussing contentious issues would have defeated the purpose of the summit. The idea behind such a summit must be that despite the overarching posturing on different divergent issues, the two countries can achieve the easily-achievable wins. That is what the summit seems to have tried doing.”
But in terms of actual outcomes, she said she remained sceptical.
“I don’t think there has been much progress in the ties between the two countries since the last summit in Wuhan. Hence, this time, there is a lot more caution and scepticism towards such a summit,” she said, referring to the first summit last year in the Chinese city of Wuhan.
During Xi’s visit to southern India, which lasted 24 hours in all, Modi took him on a personal tour of temple monuments dating back to the seventh and eighth century in Mamallapuram when regional leaders had trade ties with Chinese provinces. He was also shown local artisan handicrafts and art forms, and gifted a handwoven silk portrait, a lamp and a painting.
Xi gave Modi a porcelain plate with the image of the prime minister’s face printed on it.
Xi Jinping with Narendra Modi in Mamallapuram. Photo: Reuters
On Friday, New Delhi announced that visa rules for Chinese nationals visiting India would be relaxed, with multiple-entry visas with a validity period of five years available from this month onwards. At present, most visas are single-entry and usually for between 30 and 60 days. Visa fees would also be reduced, the government said, with the multiple-entry visa costing US$80.
This was aimed at further enhancing “people-to-people exchanges between the two countries and [encouraging] more Chinese tourists to choose India as a destination for tourism purposes,” it said in a statement.
Xi left Chennai on Saturday afternoon and arrived in Nepal, which lies in between India and China. He will be the first Chinese president to visit Nepal in 22 years and is expected to sign a slew of deals with Nepal’s Prime Minister K.P. Sharma Oli, including the planned extension of the rail link from remote, mountainous Tibet to Nepal’s capital, Kathmandu.
The link will be part of Beijing’s ambitious infrastructure project to boost trade, the
(BRI), that Nepal joined two years ago.
More than 120 countries have signed on to the BRI, including Pakistan, where a series of projects worth US$46 billion are being constructed under the China-Pakistan Economic Corridor (CPEC). India has snubbed the BRI and questioned the transparency of funding agreements.
Source: SCMP
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18/06/2019
- British trade officials’ anxious moments unfounded as £500 million agreement signed
- Strong statement on Hong Kong protest by UK Foreign Secretary Jeremy Hunt fails to scupper talks
Chinese Vice-Premier Hu Chunhua (left) and British Chancellor Philip Hammond shake hands at London’s Mansion House. Photo: Reuters
China and Britain have clinched £500 million (US$630 million) worth of deals in a high-profile trip by a Chinese vice-premier to London on Monday, despite fears by British trade officials that the talks might be derailed because of protests in Hong Kong.
Vice-Premier Hu Chunhua and British Chancellor Philip Hammond vowed to work together to protect global trade, but not before officials in Whitehall wondered if the public uproar in Hong Kong would scupper a deal they see as a vital boost amid the Brexit uncertainty.
Hong Kong people took to the streets on two consecutive Sundays to protest against a bill that could allow extraditions from Hong Kong to mainland China. An estimated 2 million people took part in the most recent march on Sunday, calling for the bill to be scrapped altogether.
The anxiety of officials over the trade deal was compounded by a strongly worded statement by Jeremy Hunt, the foreign secretary now vying to be Britain’s next prime minister, who called on the Hong Kong government to “listen to the concerns of its people and its friends in the international community and to pause and reflect on these controversial measures”.
US forced to perform tricky balancing act over Hong Kong extradition bill
But as soon as Hong Kong Chief Executive Carrie Lam Cheng Yuet-ngor announced the suspension of the bill, Hunt issued another statement, this time “praising” the decision.
“Whitehall is so concerned about how the two events will affect each other. The foreign office didn’t want to understate the relevance of the Sino-British Joint Declaration, while the Exchequer wanted to make sure the deals would be signed,” a source with knowledge of the ongoing developments told the South China Morning Post.
The job consequently fell to Theresa May – who is entering her final days as prime minister – to raise the issue of Hong Kong with Hu.
Her office did not elaborate on their conversations, but a Conservative Party source said: “I expect her mention of Hong Kong to be minimal and a matter of mere gesture. To infuriate the world’s second biggest economy would be the last thing for a caretaker PM to do.”
Hong Kong has continued to be a subject of interest for foreign leaders following the suspension of the contentious bill that would allow anyone in Hong Kong suspected of mainly serious crimes to be sent to mainland China for trial.
China halts WTO battle over market economy status
US President Donald Trump would touch upon the issue if and when he met Chinese President Xi Jinping during the G20 summit in Japan later this month, US Secretary of State Mike Pompeo said on Sunday.
In the light of the ongoing trade war with the US,
but has been a largely untouched subject since Britain decided to leave the European Union a year later.
While in London, Hu co-chaired the latest China-UK Economic and Financial Dialogue with Hammond. The pair also officiated at the launch of the long-awaited London-Shanghai Stock Connect project, which went live on Monday and enables companies listed in Britain to sell shares in China.
Hong Kong must defend its values to forge an economic future
Under the scheme, Shanghai-listed companies can raise new funds via London’s stock market while British companies can broaden their investor base by selling existing shares in Shanghai.
Britain has hailed the deals with China as a diplomatic success amid the business uncertainties looming over Brexit, with Secretary for International Trade Liam Fox calling the creation of 175 new jobs in Britain “significant wins” for the British market.
Although Britain stopped short of endorsing China’s Belt and Road Initiative, the two countries concluded a memorandum of understanding on infrastructure cooperation in third countries, according to a statement by Britain’s Department of International Trade.
Britain also secured permission from China to export beef by the end of the year at the earliest, ending more than two decades of a Chinese government ban implemented in response to the BSE outbreak.
Source: SCMP
Posted in British Chancellor Philip Hammond, China-Britain trade dea, China-Britain trade deal, Chinese Vice-Premier Hu Chunhua, concerns, Hong Kong, Jeremy Hunt, London’s Mansion House, UK Foreign Secretary, Uncategorized |
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CHINDIA ALERT: You'll be living in their world, very soon 