29/08/2019
Chinese President Xi Jinping meets with visiting Uzbek Prime Minister Abdulla Aripov at the Great Hall of the People in Beijing, capital of China, Aug. 28, 2019. (Xinhua/Yao Dawei)
BEIJING, Aug. 28 (Xinhua) — Chinese President Xi Jinping met with visiting Uzbek Prime Minister Abdulla Aripov here on Wednesday, calling on the two countries to jointly push forward the high-quality construction of the Belt and Road.
Xi asked Aripov to convey his sincere regards to Uzbek President Shavkat Mirziyoyev.
The key to the constant leap-forward development of China-Uzbekistan relations is that both sides always adhere to the spirit of good-neighborliness, mutual benefit and mutual assistance, according to Xi.
Xi stressed that he attaches great importance to the development of the China-Uzbekistan comprehensive strategic partnership, which is in line with the fundamental interests of the two countries and their peoples.
Hailing the achievements of the fifth meeting of the China-Uzbekistan intergovernmental committee of cooperation, Xi said that the cooperation goals set by the two sides will certainly be realized as long as the bilateral relationship stays on the right track.
Xi called on both countries to further promote the high-quality construction of the Belt and Road, enhance synergy between national development strategies, strengthen connectivity through cross-border roads and railways, expand cooperation in trade, investment, high and new technology, energy and other fields, as well as foster new highlight in people-to-people and cultural exchanges.
China is willing to increase imports of Uzbek quality agricultural products, Xi said, adding that Uzbekistan is welcome to attend the second China International Import Expo as guest of honor later this year.
In addition, Xi said that the two sides should work together to combat the “three evil forces” of terrorism, separatism and extremism, fight against drug trafficking and other transnational organized crimes.
The rejuvenation of the Chinese nation is to seek happiness for the Chinese people and will also benefit world peace and human progress, Xi said, stressing that China will absolutely not follow the old path of “a strong country must seek hegemony.”
China is ready to enhance coordination with Uzbekistan on international affairs, safeguard common interests of the two countries, uphold multilateralism and promote democracy in international relations, Xi said.
He also called on the two countries to work with other members of the Shanghai Cooperation Organization (SCO) to raise the awareness of a community with a shared future and lift cooperation in various fields, so as to promote further development of the SCO and benefit peoples of various countries in the region.
Aripov conveyed President Mirziyoyev’s sincere greetings and lofty respect to President Xi and his warm congratulations on the 70th anniversary of the founding of the People’s Republic of China.
President Mirziyoyev sincerely hopes China will achieve greater prosperity and early national rejuvenation under the leadership of President Xi, according to Aripov.
Calling China “the closest and most reliable neighbor and partner” of Uzbekistan, Aripov said that Uzbekistan will work with China to firmly implement the important consensus reached by the two heads of state.
Mirziyoyev has appointed a special agency to synergize development strategies with the Chinese side, actively promote cooperation with China on the construction of the Belt and Road, and expand people-to-people and cultural exchanges, according to Aripov.
Uzbekistan firmly supports China in safeguarding its sovereignty, security and unity, and will continue to actively work with China to combat the “three evil forces” of terrorism, separatism and extremism, said Aripov.
Aripov is paying an official visit to China from Tuesday to Thursday at the invitation of Chinese Premier Li Keqiang.
Source: Xinhua
Posted in Abdulla Aripov, Belt and Road construction, China alert, China International Import Expo, China International Import Expo (CIIE), China-Uzbekistan intergovernmental committee of cooperation, China-Uzbekistan relations, Chinese premier Li Keqiang, comprehensive strategic partnership, cross-border roads, drug trafficking, energy, extremism, founding of the People's Republic of China (PRC), good-neighborliness, hegemony, high and new technology, Investment, mutual assistance, mutual benefit, President Mirziyoyev, President Xi Jinping, railways, rejuvenation, separatism, Shanghai Cooperation Organization (SCO), Shavkat Mirziyoyev, terrorism, Trade, transnational organized crimes, Uncategorized, Uzbek President, Uzbek Prime Minister, Uzbek quality agricultural products, Uzbekistan |
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28/07/2019
- Chinese Foreign Minister Wang Yi wraps up tour of Brazil and Chile, as Colombian president heads for Beijing
- Ecuador president tells US Secretary of State Mike Pompeo ‘smaller countries pay when the big ones fight’
Chinese Foreign Minister Wang Yi is greeted by an honour guard as he arrives at the Itamaraty Palace for a meeting with his Brazilian counterpart Ernesto Araujo on Thursday. Photo: AP
Latin American countries are caught in the middle of a geopolitical tug of war between Beijing and Washington as China boosts its ties in the region in a bid to counterbalance the effects of its trade war with the US.
China’s Foreign Minister Wang Yi wraps up a tour of Latin America on Sunday which began last week in Brazil and ended with an official visit to Chile. He returns to Beijing on the same day Colombia’s President Ivan Duque Marquez arrives for a three-day state visit to China which will include a meeting with Chinese President Xi Jinping.
Wang was in Brazil for the latest summit of foreign ministers from the BRICS countries – an association of emerging countries made up of Brazil, Russia, India, China and South Africa – as well as the third China-Brazil foreign ministers’ comprehensive strategic dialogue with Brazilian Foreign Minister Ernesto Araujo.
China has overtaken the US as Brazil’s largest trading partner, with Brazilian soybeans – one of the country’s biggest exports – and other agricultural products replacing American imports since the start of the US-China trade war a year ago.
Brazilian soybeans – one of the country’s biggest exports – and other farm products are being sold to China as a result of the trade war. Photo: Reuters
The growing importance of China to Brazil’s economy has created a difficult position for President Jair Bolsonaro, who accused Beijing of trying to buy Brazil during his election campaign, but changed tack on assuming office in January.
In March, Bolsonaro called China his country’s “main partner, politically as well as economically and commercially” and announced plans to travel to Beijing this year, a visit which was confirmed on Tuesday for late October.
China is now Latin America’s second largest trading partner with bilateral trade at US$307.4 billion, growing 18.9 per cent over the previous year, according to China’s ministry of commerce, in a relationship focused on commodity imports, including mining products like copper and energy, as well as soybeans and other agricultural goods.
While the US and China have tentatively agreed to resume talks in Shanghai next week, China and Latin American countries are likely to continue deepening their trade relations as production chains realign as a result of the trade war, according to Gustavo Oliveira, assistant professor of global and international studies at the University of California, Irvine.
“This means Chinese imports of Latin American agricultural and mineral commodities, and Latin American imports of Chinese manufactured products and hi-tech, might contribute to China’s ability to stand its ground against US pressure,” he said.
China in Latin America: partner or predator?
Oliveira said domestic contradictions in most Latin American countries complicated relations with China, as few leaders had the capacity to press or leverage China for much. “Unfortunately, therefore, most in this crop of Latin American leaders are basically placing themselves as junior partners or pawns in the geopolitical tug of war between the US and China.”
US Secretary of State Mike Pompeo put the pressure on Latin American countries over their relationship with China during his four-day tour of the region last weekend, when he visited Argentina, Ecuador, Mexico, and El Salvador.
In a joint interview with Pompeo during the visit, Ecuador’s new President Lenin Moreno defended the country’s China ties, and urged Washington and Beijing to resolve their conflicts for the benefit of other nations in the region.
“We hope that the US and China, the greatest powers in the world now, will find agreement easily because, unfortunately, when the big ones are discussing or fighting and have conflicts, the ones that are paying for all of that are the smaller countries,” he said.
“Now, when two elephants fight, the ones who lose are the insects who are of course being crushed by the elephants in the attempt to evade them.”
US Secretary of State Mike Pompeo (left) and Ecuadorian President Lenin Moreno hold a joint press conference during Pompeo’s tour of Latin America on July 20. Photo: EPA-EFE
Pompeo blasted China’s role in the region during a previous tour of South America in April, when he singled out Beijing’s support for President Nicolas Maduro of Venezuela. Maduro is backed by Beijing, Russia and other allies, while the US and many European countries have supported opposition leader Juan Guaido as legitimate president since elections in January.
Speaking from Chile on that tour, Pompeo said Beijing’s calls for non-intervention in Venezuela were “hypocritical” and aimed at protecting Beijing’s investments in the country, as well as debts owed to China by Venezuela.
Pompeo also accused Beijing of “sowing discord” in the region through debt traps. “When China does business in places like Latin America, it often injects corrosive capital into the economic bloodstream, giving life to corruption and eroding good governance,” he said.
Professor Cui Shoujun of Renmin University in Beijing said Washington’s concerns about “debt trap diplomacy” in Latin America reflected concerns that China’s growing involvement in financing infrastructure and development projects would make the region more pro-China.
“China’s interests in Latin America go beyond raw materials extraction,” he said. “The biggest point of tension between the US and China in the region is perhaps that China presents an alternative model for development that is very different from the Western model.”
‘Mr Pompeo, you can stop’: China hits back over Latin America criticism
While the US was drumming up tensions about China across the world, Beijing was not openly retaliating but responding with investment and trade for global partners, said Kevin Gallagher, researcher on China-Latin America ties, and professor at Boston University.
“The US points fingers and makes angry speeches in the region as China cuts investment deals and helps address infrastructure needs,” he said.
“Latin American countries’ governments are rightly keeping their heads down on the broader geopolitical winds, and are getting down to business with their largest trading partner.”
Source: SCMP
Posted in Argentina, Beijing, Boston University, Brazil, Brics countries, Chile, China alert, Chinese foreign minister Wang Yi, Chinese President Xi Jinping, Colombian president, copper, Ecuador, Ecuador president, El Salvador, elephants, energy, Ernesto Araujo, European countries, grows, India alert, influence, insects, Itamaraty Palace, Ivan Duque Marquez, Latin America, Mexico, Mike Pompeo, mining products, President Lenin Moreno, President Nicolas Maduro, Renmin University, Russia, Shanghai, South Africa, soybeans, Trade, tussle, Uncategorized, University of California, Irvine, US, US Secretary of State, Venezuela, Washington |
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22/07/2019
Chinese State Councilor and Foreign Minister Wang Yi (R) meets with Minister of Foreign Affairs and International Cooperation of the United Arab Emirates (UAE) Sheikh Abdullah bin Zayed Al Nahyan in Beijing, capital of China, July 21, 2019. (Xinhua/Yan Yan)
BEIJING, July 21 (Xinhua) — Chinese State Councilor and Foreign Minister Wang Yi met with Sheikh Abdullah Bin Zayed Al Nahyan, minister of Foreign Affairs and International Cooperation of the United Arab Emirates (UAE), here Sunday.
Hailing the UAE as China’s important and reliable partner in the Middle East, Wang said China stands ready to work with the UAE to implement the consensus reached by the two countries’ leaders, deepen their partnership under the Belt and Road Initiative, promote cooperation in various fields, enhance people-to-people exchanges, strengthen cooperation on anti-terrorism and law enforcement, and bring the China-UAE comprehensive strategic partnership to higher levels.
Sheikh Abdullah said the UAE is willing to strengthen cooperation with China in trade, investment, energy, culture, education and third-market cooperation, and to work for closer coordination within the United Nations and in regional affairs.
Source: Xinhua
Posted in Belt and Road Initiative (BRI), China-UAE comprehensive strategic partnership, Chinese State Councilor, Chinese State Councilor and Foreign Minister Wang Yi, Culture, education, energy, Investment, Middle East, minister of Foreign Affairs and International Cooperation, Sheikh Abdullah Bin Zayed Al Nahyan, third-market cooperation, Trade, UAE Foreign Minister, Uncategorized, United Arab Emirates (UAE), United Nations |
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08/07/2019
- Compact plants proposed to ease pollution but backers must win over wary public
China is exploring the idea of using small nuclear power plants to phase out coal- and gas-fired heating generators in smog-afflicted northern China. Photo: Reuters
China plans to build a pilot small-scale nuclear reactor that could replace coal or gas to heat towns and cities in its colder northern regions, an official with the state-owned developer in charge of the project said on Monday.
The small heating reactor was planned for the city of Jiamusi in northeastern Heilongjiang province, one of two proposed units with a combined capacity of 400 megawatts, Wang Xujia, a senior engineer with the State Power Investment Corp, said on the sidelines of an industry conference.
“The project is still under central government review for approval,” Wang said, adding that the developer aimed to put the project into operation by 2024.
China has been exploring the use of small nuclear reactors – less than a fifth of the size of a standard reactor – as alternative heating systems in smog-prone northern regions.
The state provides heating throughout northern China from November to March, using predominantly coal- or gas-fired boilers.
State-owned China National Nuclear Corp (CNNC) has already conducted trial runs for a “district heating reactor” (DHR) design, which it says can supply heat to 200,000 urban households.
China-built nuclear reactors may enjoy home advantage as delays and costs stymie foreign competitors
The DHR model consists of a reactor core immersed in a water-filled tank. It is estimated to require investment of 1.5 billion yuan (US$217 million) and take three years to build, making it cheaper and quicker to construct than conventional reactors.
However, while the various designs will use only a fraction of the radioactive material of a conventional nuclear plant, officials acknowledge the biggest challenge is convincing the public the reactors are safe and reliable.
“The planned project in Jiamusi will be located in a remote area of the city which undermines its economic efficiency, but since it is just a demonstration project we just want to complete one first and show it to the public,” Wang said.
China aims to raise total nuclear capacity to 58 gigawatts by the end of next year, but it has not launched any new conventional reactors in more than three years.
China expected to miss target for 2020 nuclear capacity
After Japan’s Fukushima accident in 2011, China conducted a root-and-branch safety review and decided it would only use the most advanced “third generation” technology for any new projects.
However, those technologies – including Westinghouse’s AP1000 and the Areva-developed EPR – have proved to be expensive, complex and prone to long construction delays.
In a bid to broaden its options, the country is developing smaller units and plans to launch its first “small modular reactor” on the island province of Hainan at the end of this year.
China also planned to launch floating nuclear reactors with the aim of developing a fleet of ship-mounted nuclear generators that could be deployed on islands in Southeast Asia, Song Danrong, a reactor designer at CNNC, told Monday’s conference.
This article appeared in the South China Morning Post print edition as: Pilot nuclear reactor may replace coal in north
After brief pause, China rushes to build more nuclear power plants
China General Nuclear Power and rival China National Nuclear plan to build four more reactors on mainland
Under draft rules, nuclear power projects in China will need local support
Posted in Areva-developed EPR, “district heating reactor” (DHR), China General Nuclear Power, China National Nuclear Corp (CNNC), China National Nuclear Corporation, coal, coal or gas, coal- and gas-fired heating generators, floating nuclear reactors, Fukushima accident, heat, Heilongjiang province, Jiamusi, Pilot nuclear reactor, ship-mounted nuclear generators, small test nuclear reactor, smog-prone north, south china morning post, State Power Investment Corp, Uncategorized, Westinghouse’s AP1000 |
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08/07/2019
- Senior industry official Wang Shoujun predicts up to 30 reactors could be built over next decade
- Calls for more financial and policy support for sector to optimise export trade
A Hualong One ZH-65 steam generator, part of China’s home-grown nuclear technology which it is hoping to export as part of its Belt and Road Initiative. Photo: Xinhua
As many as 30 nuclear reactors could be built by China over the next decade as part of the Belt and Road Initiative, a senior industry official told a meeting of the country’s top political advisory body this week.
Wang Shoujun, a standing committee member of the China People’s Political Consultative Conference, told delegates on Wednesday that China needed to take full advantage of the opportunities provided by the belt and road plan and give more financial and policy support to its nuclear sector.
China-built reactors may have advantage over foreign competitors
“‘Going out’ with nuclear power has already become a state strategy, and nuclear exports will help optimise our export trade and free up domestic high-end manufacturing capacity,” he said, according to a report on the CPPCC’s official website.
Wang said China needed to improve research and development, localise the production of key nuclear components, and grow both the domestic and foreign nuclear markets to give full play to the country’s “comprehensive advantages” in costs and technology.
Wang, also the former chairman of the state-owned China National Nuclear Corp, said nuclear projects under the belt and road plan could earn Chinese firms as much as 1 trillion yuan (US$145.52 billion) by 2030, according to more details of his speech published by BJX.com.cn, a Chinese power industry news portal.
He said 41 nations taking part in the belt and road plan already had nuclear power programmes or were planning to develop them, and China only needed to secure a 20 per cent market share to create five million new jobs in the sector, according to the news portal.
The CPPCC did not immediately respond to a request for comment.
China is in the middle of a reactor building programme which it hopes will serve as a shop window to promote its home-grown designs and technologies overseas, especially its own third-generation reactor design known as Hualong One.
But the pace of construction at home has slowed amid technological problems and delays at some key projects, as well as a suspension of new approvals that lasted more than three years.
Wang, according to BJX.com.cn, said there was overcapacity among local nuclear manufacturers, but the domestic market value for nuclear equipment could reach more than 48 billion yuan a year within two years. He did not say how much it was worth currently.
Source: SCMP
Posted in Belt and Road Initiative (BRI), belt and road plan, BJX.com.cn, China expert, China National Nuclear Corp (CNNC), CPPCC’s official website, home-grown, Hualong One, Hualong One ZH-65 steam generator, lays out, nuclear path, nuclear reactors, nuclear technology, standing committee member of the China People’s Political Consultative Conference, trillion yuan, Uncategorized |
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04/07/2019
- Development minister leads high-level investment forum in Beijing
- Points to free trade agreements and preferential duty deals to offset trade war pressures for Chinese factories
Sri Lankan Minister for Development Strategies and International Trade Malik Samarawickrama at the Sri Lanka Investment Forum in Beijing on Wednesday. Photo: Simon Song
Sri Lanka is wooing Chinese manufacturers, urging them to make use of its preferential duty-free treatment by the US and Europe as a way to offset the growing tariff pressure of the trade war.
The country’s development minister, Malik Samarawickrama, was in Beijing on Wednesday as part of an investment forum at the Sri Lankan embassy attended by dozens of Chinese businesspeople.
“China has invested heavily in infrastructure and they are assisting us to invest in ports, roads, railways, water supplies and so on. Now we would like China to get involved in setting up their manufacturing plants in Sri Lanka, primarily for the purpose of exports,” he said.
“They can make use of the preferential market access we have – we have duty free access to the European Union countries and we have free trade agreements with Pakistan, Singapore and India. And, since the cost of manufacturing in China is going up, we would like the Chinese to look at Sri Lanka for their manufacturing and we want it to be exported back to China.”
Sri Lanka, bruised from Easter bombings, seeks US$1 billion loan from China
Along with trade officials and diplomats, Samarawickrama, one of Sri Lanka’s most senior government ministers, was also keen to boost investor confidence following the deadly Easter Sunday bombings in Colombo which killed 253 people.
“Let me assure you, absolutely, Sri Lanka is safe for investment,” he told the dozens of representatives from Chinese state-owned and private companies who attended the forum.
“We must bring to your notice that none of the industries have been affected as a result of the bombings and none of the export orders were cancelled or delayed. This is a testament to the resilience of the economy.”
China is one of Sri Lanka’s largest trading partners and – sometimes controversially – the largest financier of its booming new infrastructure. Other big lenders to the island nation are the Asian Development Bank and Japan.
Earlier this year the Sri Lankan government signed a US$989.5 million loan agreement with China’s Export-Import Bank for a major new motorway project. And last month Sri Lanka’s finance ministry confirmed it was in talks with the China-led Asian Infrastructure Investment Bank (AIIB) for a further loan of nearly US$1 billion for energy and motorways.
Did Japan and India just launch a counter to China’s Belt and Road?
The surge of Chinese investment has raised concerns that Sri Lanka could become caught up in the rivalry between China and India as Beijing seeks to expand its influence in South Asia and the Indian Ocean.
Last month, Sri Lanka signed an agreement with India and Japan to jointly develop the East Container Terminal at the Port of Colombo, which some observers said could become a competitor to the China-funded Hambantota Port, and was perhaps a sign that the island nation was seeking to neutralise the growing influence of China.
Samarawickrama denied claims the involvement of Japan and India in Sri Lanka’s biggest port project was to counter China’s influence.
Under the agreement, he said, the terminal was owned by Sri Lanka Port Authority, with a 51 per cent stake, while Japan and India would develop the remaining 49 per cent.
“We need the expertise from Japan,” Samarawickrama said. “We need the Indians to get involved in the operation because 75 per cent of the transshipment cargoes in the Colombo port come from India and India is extremely important to us.
“They are the operators of the terminal and they are not building any ports.”
Source: SCMP
Posted in Asian Development Bank, Asian Infrastructure Investment Bank (AIIB), Beijing, Belt and Road (B&R), China alert, China’s Export-Import Bank, chinese manufacturers, Colombo, East Container Terminal, energy, impact, India alert, Indian Ocean, Japan, major new motorway project, motorways, offset, Port of Colombo, South Asia, Sri Lanka, Sri Lanka Investment Forum, Sri Lankan Minister for Development Strategies and International Trade, trade war, Uncategorized |
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11/04/2019
WASHINGTON (Reuters) – The United States and China have largely agreed on a mechanism to police any trade agreement they reach, including establishing new “enforcement offices,” U.S. Treasury Secretary Steven Mnuchin said on Wednesday.
Mnuchin, speaking on CNBC television, said that progress continues to be made in the talks, including a “productive” call with China’s Vice Premier Liu He on Tuesday night. The discussions would be resumed early on Thursday, Washington time, he added.
“We’ve pretty much agreed on an enforcement mechanism, we’ve agreed that both sides will establish enforcement offices that will deal with the ongoing matters,” Mnuchin said, adding that there were still important issues for the countries to address.
Mnuchin declined to comment on when or if U.S. tariffs on $250 billion worth of Chinese goods would be removed. Although President Donald Trump said recently that a deal could be ready around the end of April, Mnuchin declined to put a timeframe on the negotiations, adding that Trump was focused on getting the “right deal.”
“As soon as we’re ready and we have this done, he’s ready and willing to meet with President Xi (Jinping) and it’s important for the two leaders to meet and we’re hopeful we can do this quickly, but we’re not going to set an arbitrary deadline,” Mnuchin added.
The United States is demanding that China implement significant reforms to curb the theft of U.S. intellectual property and end forced transfers of technology from American companies to Chinese firms.
Washington also wants Beijing to curb industrial subsidies, open its markets more widely to U.S. firms and vastly increase purchases of American agricultural, energy and manufactured goods.
The Chinese commerce ministry on Thursday confirmed that senior trade negotiators from both countries discussed the remaining issues in a phone call following the last round of talks in Washington.
“In the next step, both trade teams will keep in close communication, and work at full speed via all sorts of effective channels to proceed with negotiations,” Gao Feng, the ministry’s spokesman told reporters in a regular briefing in Beijing.
Mnuchin did not address whether the enforcement structure would allow the United States a unilateral right to reimpose tariffs without retaliation if China fails to follow through on its commitments.
People familiar with the discussions have said that U.S. negotiators are seeking that right, but that China is reluctant to agree to such a concession. Alternatively, the United States may seek to keep tariffs in place, only removing them when China meets certain benchmarks in implementing its reforms.
Mnuchin said he and U.S. Trade Representative Robert Lighthizer, who is leading the negotiations, are focused on “execution” of drafting the documents in the trade agreement.
The two sides are working on broad agreements covering six areas: forced technology transfer and cyber theft, intellectual property rights, services, currency, agriculture and non-tariff barriers to trade, according to two sources familiar with the progress of the talks.
“Some of the chapters are close to finished, some of the chapters still have technical issues,” Mnuchin said.
Source: Reuters
Posted in agricultural products, agriculture, China alert, Currency, cyber theft, energy, forced technology transfer, Intellectual Property Rights, manufactured goods, non-tariff barriers, President Donald Trump, President Xi Jinping, Robert Lighthizer, Services, Steven Mnuchin, tariffs, trade deal enforcement offices, U.S. Trade Representative, U.S. Treasury Secretary, Uncategorized, US, Vice-Premier Liu He, Washington |
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09/03/2019
BEIJING, March 9 (Xinhua) — China will expand the mixed ownership reform to more than 100 state-owned enterprises (SOEs), an official with the country’s state-asset regulator said Saturday.
“There will be more than 100 SOEs in the fourth batch of mixed ownership reform, which will be pushed ahead in key areas,” Xiao Yaqing, head of the State-owned Assets Supervision and Administration Commission of the State Council, said at a press conference on the sidelines of the annual legislative session.
Since 2016, China has selected 50 SOEs in three batches to conduct the pilot reform in fields including power, energy, civil aviation, telecommunications, and defence.
The first three batches have done a good job in exploring and experimenting with the means, equity ratio and governance structure of mixed ownership, Xiao said.
Next, China will create a sound environment for the reform so that enterprises of all kinds of ownership can realize integrated and common development, he added.
Source: Xinhua
Posted in China alert, Civil aviation, Defence, energy, exploring and experimenting, mixed ownership, power, Reform, State-owned Assets Supervision and Administration Commission of the State Council, state-owned enterprises (SOEs), telecommunications, Uncategorized, Xiao Yaqing |
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03/03/2019
URUMQI, March 2 (Xinhua) — Farmers at a small village in western Xinjiang hardly had any days off this winter. Production at a walnut processing factory is going full throttle to meet demand.
Yusup Tursun and his wife are walnut farmers in Kupchi Village in Yecheng County on the edge of the Taklimakan Desert. The couple has been hired by a new walnut processing facility in the village, with the husband a quality inspector and his wife working part-time cracking nuts.
As a main base for walnut production, Yecheng has over 38,000 hectares of high-quality thin-shell walnut groves.
“It used to be quite difficult to sell the walnuts. The factories, with so many products, have made it easier for the sales,” Yusup said.
Seven companies make products from the nuts — walnut milk, walnut candies and edible oil. The shells are made into coloring agent and pollutant-absorbing carbon.
Diversity in the walnut products pushed the industry output to a new high of 2 billion yuan (about 299 million U.S. dollars). Three in every five people work in the walnut industry in Yecheng, where 550,000 people live.
Across Xinjiang, processing facilities are established to add value to agricultural products. Transport and logistical services are improved to boost the sales of Xinjiang’s signature agricultural products such as Hami melons, Korla pears and Turpan grapes.
UP THE VALUE CHAIN
Xinjiang is also moving up the value chain in two of its traditional industries — cotton and coal.
As one of the main cotton production bases in China, Xinjiang holds sway in the textile industry. By making full use of its cotton resources and geographical advantages as a portal for opening up, the region no longer sees itself as just a production base for raw materials. Starting from 2014, China’s leading garment and apparel makers including Ruyi Group, HoDo Group, and Huafu Fashion Co. Ltd invested in the region and built factories.
These factories have produced added benefits and created jobs for the local people. Xinjiang produces 1.5 million tons of yarn and over 40 million ready-made garments every year. More than 400,000 people work in the industry.
In the eastern part of the coal-rich Junggar Basin, workers have found that the snow is cleaner than before. The Zhundong Economic Technological Development Park, about 200 km west of Urumqi, is home to China’s largest coal field.
A stringent environmental requirement is applied to the park, said Ren Jianpin, director of the management committee of the park. Coal enterprises are required to control coal dust, install equipment to recycle water and coal slags are processed into construction materials, he said.
The park is focused on boosting high-end industries in aluminum and silicon materials, which generate more value and have less impact on the environment, he said.
GOING HI-TECH
Last year, a large-scale bio-based plant went into operation in Usu City to turn corn into nylon. The Cathay Industrial Biotech, a Shanghai-based biotech company, is the investor.
Nylon is usually made from petroleum, and the use of crops such as corn and wheat to make recyclable and environment-friendly nylon has promising business prospects, said Wang Hongbo, vice general manager of the company’s Usu branch.
The Usu branch will have an annual output of 100,000 tons of bio-based polyamide, and it is expected to boost the development of downstream industries in the future, he said.
The oil-rich city of Karamay has also received a hi-tech boost as cloud computing firms eye the dry and cold weather in the area. Karamay is home to many key state-level projects and IT-industry leaders, including a global cloud service data center for Huawei, data centers for the China National Petroleum Corp. (CNPC) and China Mobile.
Xinjiang is making new breakthroughs in precision machining, new materials, manufacturing and textiles.
Data from the regional statistics bureau show that the value added of the hi-tech manufacturing in Xinjiang rose by 32.1 percent year-on-year in 2018.
FURTHER OPENING UP
As a core area on the Silk Road Economic Belt, Xinjiang has maintained solid growth momentum in foreign trade. Foreign trade volume between Xinjiang and 36 countries and regions along the Belt and Road (B&R) totaled about 291.5 billion yuan (43.5 billion U.S. dollars) in 2018, up 13.5 percent year on year.
Economic observers say that there is still much room for Xinjiang to scale up its processing trade to raise the level of imports and exports.
Xinjiang will further develop an export-oriented economy in 2019 and participate in economic exchanges with neighboring countries, according to the regional government’s work report released in January.
Source: Xinhua
Posted in agricultural products, aluminum, Ürümqi, Belt and Road (B&R), bio-based plant, bio-based polyamide, Cathay Industrial Biotech, China alert, China Mobile, China National Petroleum Corp. (CNPC), coal, coloring agent, corn, cotton, edible oil, environment-friendly, Hami melons, HoDo Group, Huafu Fashion Co. Ltd, Huawei, Karamay, Korla pear, Korla pears, Kupchi Village, logistical services, nylon, pollutant-absorbing carbon, quality inspector, recyclable, Ren Jianpin, Ruyi Group, Shanghai-based biotech company,, silicon, Silk Road Economic Belt, Taklimakan Desert, Transport, Turpan grapes, Uncategorized, Usu City, walnut, walnut candies, walnut milk, Wang Hongbo, Xinjiang, Yecheng County, Yusup Tursun, Zhundong Economic Technological Development Park |
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23/02/2019
WASHINGTON (Reuters) – President Donald Trump said on Friday there was “a very good chance” the United States would strike a deal with China to end their trade war and that he was inclined to extend his March 1 tariff deadline and meet soon with Chinese President Xi Jinping.
“I think that we both feel there’s a very good chance a deal will happen,” Trump said.
Liu agreed there had been “great progress”.
“From China, we believe that (it) is very likely that it will happen and we hope that ultimately we’ll have a deal. And the Chinese side is ready to make our utmost effort,” he said at the White House.
The Republican president said he probably would meet with Xi in March in Florida to decide on the most important terms of a trade deal.
Extending the deadline would put on hold Trump’s threatened tariff increase to 25 percent from 10 percent on $200 billion of Chinese imports into the United States. That would prevent a further escalation in a trade war that already has disrupted commerce in goods worth hundreds of billions of dollars, slowed global economic growth and roiled markets.
Optimism that the two sides will find a way to end the trade war lifted stocks, especially technology shares. The S&P 500 stock index reached its highest closing level since Nov. 8. Oil prices rose to their highest since mid-November, with Brent crude reaching a high of $67.73 a barrel. [.N] [O/R]
CURRENCY AGREEMENT
Trump and Treasury Secretary Steven Mnuchin said the two sides had reached an agreement on currency. Trump declined to provide details, but U.S. officials long have expressed concerns that China’s yuan is undervalued, giving China a trade advantage and partly offsetting U.S. tariffs.
Announcement of a pact aimed at limiting yuan depreciation was putting “the currency cart before the trade horse,” but would likely be positive for Asian emerging market currencies, said Alan Ruskin, global head of currency strategy at Deutsche Bank in New York.
“How can you agree to avoid excessive Chinese yuan depreciation or volatility if you have not made an agreement on trade that could have huge FX implications?” Ruskin asked in a note to clients.
In a letter to Trump read aloud by an aide to Liu at the White House, Xi called on negotiators to work hard to strike a deal that benefits both country.
Trump said a deal with China may extend beyond trade to encompass Chinese telecommunications companies Huawei Technologies and ZTE Corp.
The Justice Department has accused Huawei of conspiring to violate U.S. sanctions on Iran and of stealing robotic technology from T-Mobile US Inc.
Chinese peer ZTE was last year prevented from buying essential components from U.S. firms after pleading guilty to similar charges, crippling its operations.
MEMORANDUMS NO MORE
Trump appeared at odds with his top negotiator, U.S. Trade Representative Robert Lighthizer, on the preliminary terms that his team is outlining in memorandums of understanding for a deal with China. Trump said he did not like MOUs because they are short term, and he wanted a long-term deal.
“I don’t like MOUs because they don’t mean anything,” Trump said. “Either you are going to make a deal or you’re not.”
Lighthizer responded testily that MOUs were binding, but that he would never use the term again.
Reuters reported exclusively on Wednesday that the two sides were drafting the language for six MOUs covering the most difficult issues in the trade talks that would require structural economic change in China.
Negotiators have struggled this week to agree on specific language within those memorandums to address tough U.S. demands, according to sources familiar with the talks. The six memorandums include cyber theft, intellectual property rights, services, agriculture and non-tariff barriers to trade, including subsidies.
U.S., China sketch outlines for trade deal
An industry source briefed on the talks said both sides have narrowed differences on intellectual property rights, market access and narrowing a nearly $400 billion U.S. trade deficit with China. But bigger differences remain on changes to China’s treatment of state-owned enterprises, subsidies, forced technology transfers and cyber theft of U.S. trade secrets.
Lighthizer pushed back when questioned on forced technology transfers, saying the two sides made “a lot of progress” on the issue, but did not elaborate.
The United States has said foreign firms in China are often coerced to transfer their technology to Chinese firms if they want to operate there. China denies this.
The U.S. Chamber of Commerce on Friday urged the U.S. government to ensure the deal was comprehensive and addressed core issues, rather than one based on more Chinese short-term purchases of goods.
China has pledged to increase purchases of agricultural produce, energy, semiconductors and industrial goods to reduce its trade surplus with the United States.
China committed to buying an additional 10 million tonnes of U.S. soybeans on Friday, U.S. Agriculture Secretary Sonny Perdue said on Twitter. China bought about 32 million tonnes of U.S. soybeans in 2017. The commitments are a “show of good faith by the Chinese” and “indications of more good news to come,” Perdue wrote.
China was the top buyer of U.S. soybeans before the trade war, but Beijing’s retaliatory tariffs on U.S. soybeans slashed business that had been worth $12 billion annually.
Source: Reuters
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