17/04/2020
- Fu Chengyu, the former chairman of China National Offshore Oil Corporation (CNOOC), says hostility towards Beijing will increase after the coronavirus
- US will try to ‘thwart China’s rise’ and economic fallout from Covid-19 will be worse than the global financial crisis, says Fu
Former Sinopec chairman Fu Chengyu says China will face a more hostile world post coronavirus. Photo: EPA
The world is set to become more hostile for China after the coronavirus as the risk of “black swan” events gathers for Beijing, a heavyweight in China’s state oil industry has warned, reflecting growing wariness about the geopolitical environment among political and business elites.
Fu Chengyu, the former chairman of both China National Offshore Oil Corporation (CNOOC) and Sinopec Group, painted an ominous picture of increasing antagonism from the United States and damaging unforeseen events, known as black swans, like Covid-19
at an online symposium organised by business magazine Caijing.
The US would “mercilessly” suppress China in the fields of economics, trade, finance and technology, and Washington was set on taking advantage of the coronavirus pandemic to “forge a less favourable international environment for” the nation, Fu said this week.
“We’ve smelled the odours and new plots against China are in formation,” he said.
After the epidemic, the external environment for our survival will be more severe – Fu Chengyu
“After the epidemic, the external environment for our survival will be more severe … we must prepare for the worst and do our best to achieve the best possible results.”
While Fu has retired from his posts at state companies, he is an influential voice in
with decades of experience and contacts in the US petroleum sector.
Fu was a counterpart of Rex Tillerson, who was chairman of ExxonMobil from 2006 to 2017, and served as US State Secretary under President Donald Trump until March 2018.
While at the helm of CNOOC in the early 2000s, he felt political heat from Washington over a US$18.5 billion takeover bid for the American oil company Unocal in 2005, which the company was subsequently forced to withdraw.
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“The crisis stemming from the coronavirus pandemic won’t be over in just one or two years … the impact will last longer than the 2008 global financial crisis,” he said.
He added that China would face numerous “black swan” risks in the future.
President Xi Jinping warned in 2019 that China must be on guard for black swan risks as well as “grey rhino” events, referring to an obvious threat that is often neglected.
Geopolitics is getting worse and worse, and we need to be very careful. The US will try various ways to thwart China’s rise, and energy is an important area
To respond to the economic fallout from the coronavirus, China must do more to create a self-sustaining domestic economy, Fu said, and in particular reduce input prices for gas and electricity and boost public services such as health care and education.
“Geopolitics is getting worse and worse, and we need to be very careful,” Fu said. “The US will try various ways to thwart China’s rise, and energy is an important area.”
The US could potentially form a new oil export alliance with Saudi Arabia and Russia to make it possible to cut oil supplies to China, he said.
“China must be prepared for such a scenario, and even when supplies are cut off, we can have some basic self-protection.”
Source: SCMP
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16/10/2019
Chinese Premier Li Keqiang, also a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, visits a startup community in Xi’an, capital of northwest China’s Shaanxi Province, Oct. 15, 2019. Li made an inspection tour in the cities of Xi’an and Xianyang in northwest China’s Shaanxi Province from Monday to Tuesday. (Xinhua/Pang Xinglei)
XI’AN, Oct. 15 (Xinhua) — Chinese Premier Li Keqiang has stressed deepening reform and opening-up to facilitate steady economic growth and continuously improve people’s livelihood.
Li, also a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, made the remarks during his inspection tour in the cities of Xi’an and Xianyang in northwest China’s Shaanxi Province from Monday to Tuesday.
In his visit to a community in Xi’an, Li stressed that the renovation of old residential communities can improve the livelihood of people, especially those with financial difficulties, and is conducive to boosting effective investment and consumption.
In this regard, Li called for efforts to upgrade community facilities and enhance public services such as elderly care and childcare.
When visiting a restaurant, Li said measures should be taken to guarantee the supply of pork and stabilize vegetable prices to ensure the basic livelihood of those facing difficulties. He also urged the implementation of policies of cutting taxes and fees for private businesses.
The country will make unswerving efforts to open up wider, give equal treatment to both domestic and overseas businesses registered in China, continuously improve the business environment, and intensify the protection of intellectual property rights, said the premier during his visit to Samsung China Semiconductor Co., Ltd.
Commenting on the great development potential of China’s western regions, Li urged greater efforts to create a good business environment, pledging more targeted policy support.
At the construction site of the Yinchuan-Xi’an high-speed railway, the premier underscored the acceleration of key infrastructure projects in west China and encouraged effective investment in spurring development and improving people’s livelihood.
Li, while visiting a startup community, urged efforts to improve the business environment for entrepreneurship and innovation.
Source: Xinhua
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29/09/2019
- New system to enable businesses and government agencies to verify mainland-issued travel permits
The new system is expected to expand access to the public transport system on the mainland. Photo: Roy Issa
Hong Kong and Macau residents and “overseas Chinese” may soon be able to have full access to public services on the mainland using their China-issued travel documents, state news agency Xinhua reported.
Xinhua reported on Wednesday that the National Immigration Administration was putting a platform in place to enable government agencies and businesses to verify mainland-issued travel permits for Hong Kong and Macau residents.
“As soon as the platform becomes operational, these overseas travellers can, from October, have access to 35 public services, ranging from transport, to finance, education, communications, medical care and accommodation,” the report said.
According to the report, “overseas travellers” cover Hong Kong and Macau residents and ethnic Chinese living overseas.
But it did not say why the new measures did not apply to people from Taiwan.
The administration did not respond to requests for comment on Thursday.
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The new measure appears to be part of a long-term strategy by Beijing to foster closer ties between the mainland and Hong Kong and Macau.
In the last few years, the central government has launched a host of incentives for Hong Kong and Macau residents and businesses, including opportunities in the Greater Bay Area development plan in southern China.
Ivan Zhai, executive director of the Hong Kong Chamber of Commerce in China-Guangdong, welcomed the new measure.
“If such an arrangement can be fully implemented, Hong Kong businesspeople who operate on the mainland will be thrilled,” Zhai said.
The Hong Kong business community has long lobbied for relaxation over areas such as train ticketing and hotel registration.
Zhai said that although Hong Kong and Macau residents could now book high-speed train tickets with their mainland-issued travel permits, there were few ticket machines that could automatically read the permits, complicating the process.
“There are also hotels on the mainland that can only entertain guests with Chinese identity cards and currently Hong Kong travellers can only go to hotels that are authorised to accept the mainland-issued travel permits,” he said.
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According to the report, there will be stiff penalties for departments or businesses misusing information collected through the platform.
Zhai said Hong Kong businesspeople who travelled to the mainland often were more likely to be concerned about convenience than the risk of invasion of privacy.
“If you are a frequent traveller in China, you would have expected that the relevant departments of the Chinese government already have information about you anyway,” he said.
Source: SCMP
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28/05/2019
CHENGDU, May 27 (Xinhua) — Wang Yang, China’s top political advisor, underlined efforts to curb separatists, maintain normal religious practices and alleviate poverty during a visit to the Tibetan Autonomous Prefecture of Garze in Sichuan Province from Saturday to Monday.
Efforts should be made to guide religious people to willingly uphold the Party’s leadership, promote patriotism and correctly understand the relations between the law and religious doctrines, said Wang, a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee and chairman of the Chinese People’s Political Consultative Conference National Committee.
He instructed local authorities to improve the management of temples and counteract infiltration by hostile foreign forces.
Wang also urged them to improve the quality of poverty relief projects, upgrade local infrastructure and public services and allocate more resources to the areas suffering absolute poverty.
Source: Xinhua
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