Archive for ‘Indonesia’

14/03/2019

China-ASEAN trade hits record high in 2018

NANNING, March 13 (Xinhua) — Total volume of trade between China and the Association of Southeast Asian Nations (ASEAN) countries hit a record high of 587.87 billion U.S. dollars in 2018, up 14.1 percent year on year, an official with the Ministry of Commerce said Wednesday.

China-ASEAN trade maintained a strong upward momentum last year, with two-way investments amounting to 205.71 billion U.S. dollars, said Yang Weiqun, deputy head of the Department of Asian Affairs, Ministry of Commerce.

The mutual investment stock has grown 22 times since 2004, Yang added when attending a senior officials meeting for the 16th China-ASEAN Expo, which is scheduled to be held from Sept. 20 to 23 in Nanning, capital of south China’s Guangxi Zhuang Autonomous Region.

The theme of this year’s expo is “Building the Belt & Road, Realizing Our Vision for A Community of Shared Future,” with Indonesia as the Country of Honor.

Yang said China hopes to take this chance to strengthen communication and cooperation with ASEAN countries.

Gustanto, Consul General of the Consulate General of the Republic of Indonesia in Guangzhou, said the expo has made positive contributions to bilateral trade between Indonesia and China.

As the Country of Honor, Indonesia plans to bring more exhibitors and deepen bilateral economic and trade cooperation, he said.

Initiated in 2004, the expo is an important platform to promote trade and relations between China and the ASEAN.

Source: Xinhua

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11/03/2019

Xi joins deliberation with Fujian deputies at annual legislative session

  • (TWO SESSIONS)CHINA-BEIJING-XI JINPING-NPC-DELIBERATION (CN)

    Chinese President Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, joins deliberation with deputies from Fujian Province at the second session of the 13th National People’s Congress in Beijing, capital of China, March 10, 2019. (Xinhua/Li Xueren)

    BEIJING, March 10 (Xinhua) — President Xi Jinping on Sunday afternoon joined deliberation with deputies from Fujian Province at the second session of the 13th National People’s Congress, China’s national legislature.

    “[We] should create a favorable development environment for innovation, entrepreneurship and creativity,” said Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission.

    China should seek momentum from reform and opening up, unleash to the maximum the whole society’s power for innovation, entrepreneurship and creativity, and keep improving the country’s influence and competitiveness in a world that is undergoing profound changes, Xi said.

    Xi stressed creating favorable conditions for the development of small and medium-sized enterprises and young people, and establishing an acceleration mechanism for high-tech companies.

    He urged solid implementation of the policies and measures to encourage, guide and support the development of the private sector.

    Fujian must leverage the combined strengths of the special economic zone, pilot free trade zone, comprehensive experimental zone and the core zone of the 21st Century Maritime Silk Road, and keep exploring new approaches, Xi said.

    Xi called for efforts to explore new ways for integrated development across the Taiwan Strait.

    The two sides of the Taiwan Strait should enhance economic and trade cooperation, infrastructure connectivity, energy and resource exchanges, and shared industry standards, he said.

    Cross-Strait cooperation and cultural exchanges should be strengthened, he added.

    Xi stressed the importance of implementing the people-centered development concept in the work on Taiwan, urging efforts to benefit Taiwan compatriots in the same way as people on the mainland are served.

    He encouraged listening to the voice of Taiwan compatriots and research on what other policies and measures can be introduced to bring them benefits.

    Xi said that this year marks the 70th anniversary of the founding of New China, and it is necessary to ensure that no one in the country’s old revolutionary base areas falls behind in the process of building a moderately prosperous society in all respects.

    He called for adherence to targeted poverty alleviation and efforts to identify the root causes of poverty to enhance the effectiveness of anti-poverty measures.

    More efforts should be put into coordinating economic development with ecological protection, Xi said.

    Source: Xinhua

17/02/2019

Saudi crown prince heads for Pakistan amid India tensions

ISLAMABAD (Reuters) – Saudi Arabia’s Crown Prince Mohammed bin Salman is due to arrive in Pakistan on Sunday at the start of his tour of South Asia and China, but the visit risks being overshadowed by escalating tensions between nuclear-armed rivals India and Pakistan.

The trip comes days after a suicide bomber killed 44 Indian paramilitary police in the disputed Kashmir region. New Delhi has accused Pakistan of having a hand in the bombing and vowed to punish Islamabad, which denies involvement.

Prince Mohammed had also planned to visit Indonesia and Malaysia during the Asian tour, but those trips have been postponed, according to Malaysian and Indonesian officials. No reasons for the postponements or alternative tour dates were given.

Cash-strapped and in need of friends, Pakistan is welcoming the crown prince with open arms for a visit during which he is expected to sign investment agreements worth more than $10 billion.

Saudi Arabia has in recent months helped keep Pakistan’s economy afloat by propping up its rapidly dwindling foreign exchange reserves with a $6 billion loan, giving Islamabad breathing room as it negotiates a bailout with the International Monetary Fund.

The visit marks a deepening in ties between allies whose relationship has in the past centred on oil-rich Saudi Arabia backing Pakistan’s economy during difficult periods, and in return Pakistan’s powerful army lending support to Saudi Arabia and its royal family.
As the guardians of most holy sites in the birthplace of Islam, the Saudi royal family carries vast religious clout in Pakistan, a staunchly conservative and mainly-Muslim nation of 208 million people.
“What is happening in this relationship is a renewal of Pakistan’s commitment to help protect the royal family and the order as it exists in Saudi Arabia,” said Mosharraf Zaidi, Senior Fellow at Tabadlab, a Pakistani think tank focussed on global and local public policy.
“On the flip side, there is reassurance that Saudi Arabia will not only continue to serve as a strategic friend who will help shore up Pakistan’s finances when needed, but it’s also going to become a participant in the wider investment in Pakistan.”
Pakistan is shutting down its airspace and has stepped up security in Islamabad for the crown prince, who is set to become the first guest to stay at the Prime Minister’s House. Pakistan’s new populist premier, Imran Khan, has refused to use the residence in a bid to save taxpayers’ money.
Pakistani hopes for further investment opportunities from Saudi Arabia were dealt a blow on Saturday when the government announced that the Pak-Saudi Business Conference had been “postponed”.
Pakistani officials have already flagged up that Saudi Arabia will announce eight investment agreements, including a $10 billion refinery and petrochemicals complex in the coastal city of Gwadar, where China is building a port.
But the crown prince’s arrival comes amid a vow by India to isolate Pakistan internationally following the deadliest attack in Kashmir in decades.
New Delhi is demanding Islamabad act against the Jaish-e-Mohammad (JeM) militant group, which it says has the backing of the Pakistani state, over the bombing. Islamabad denies playing a role and has called for an investigation.
In Islamabad, the crown prince is expected to meet Khan and Pakistan’s army chief, Qamar Javed Bajwa.
44 killed in worst Kashmir attack in decades
He is also set to meet representatives of the Afghan Taliban militant group to discuss peace negotiations to end the 17-year civil war in Afghanistan, Pakistani government and Taliban sources say.
“We arrived in Islamabad today Sunday and others are on their way,” one senior Afghan Taliban figure told Reuters. “As per the plan we know so far, we are going to meet Mohammed bin Salman and his delegation members today at night and then on Monday.”
Source: reuters
26/01/2019

Saina Nehwal beats He Bingjiao, reaches Indonesia Masters final

Saina Nehwal will play the winner of the other semi-final between Chen Yufei and Carolina Marin for the title on Sunday

OTHER SPORTS Updated: Jan 26, 2019 16:30 IST

HT Correspondent
HT Correspondent
Hindustan Times, New Delhi
Saina Nehwal,He Bingjiao,Indonesia Masters
Saina Nehwal will play Chen Yufei or Carolina Marin in the final. (AFP)

Saina Nehwal defeated China’s He Bingjiao 18-21, 21-12, 21-18 in their Indonesia Masters semi-final to reach the final.

It was an intense three-set battle before Nehwal held her nerves in the deciding game to win the match. The Indian shuttler started the match strongly but blew a substantial lead to surrender the first game 18-21.

She made a strong comeback in the second game to take it 21-12. The deciding game turned out to be a tense affair as both the shuttlers refused to give an inch to the other. However, Nehwal held her nerves to prevail over her Chinese opponent 21-18 to win the thriller.

Nehwal will play the winner of the other semi-final between Chen Yufei and Carolina Marin for the title on Sunday.

Source: Hindustan Times

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