Digital Silk Road is a priority area for BRI cooperation in the next stage. SEOUL (Reuters) - Chinese Foreign Minister Wang Yi arrived in South Korea for talks on Wednesday amid talk of a trip to Seoul by Chinese President Xi Jinping. (Kyodo) ==Kyodo Earlier in the day, meanwhile, Wang met with his South Korean counterpart Kang Kyung Wha to discuss arrangements for Chinese President Xi Jinping's visit to South Korea, among other things. Updated : 2020-11-17 17:23. They will contribute to vaccine accessibility and affordability in developing countries and deliver benefits to BRI partners. Yet observing the new 2020 Foreign Investment Law and the previously announced “Dual Circulation Policy” the other side of the coin can be viewed: ODI is deliberately being decreased to allow China to transform itself into a consumer economy. The concern is that two differing technologies will widen the communication gap between East and West – co-incidentally just at the time that Asia as a whole overtook the West in terms of wealth. Issues related to technology have been politicized by certain countries who are attempting to preserve their monopolistic position in high tech areas. It is a platform for economic cooperation, not a geopolitical tool. As the virus is still rampaging globally, countries face a daunting task of COVID-19 containment. Notify me of follow-up comments by email. (Kyodo) ==Kyodo. China is expected to become the only major economy to register positive growth this year. Over eight million pieces of emergency medical supplies have been delivered by the China-Europe Railway Express, and over 1,700 tons of medical supplies from China have been delivered around the world through the Silk Road in the Air. When asked whether Wang will discuss China's participation in the pact during his Japan visit, Zhao said China has always been a strong supporter of trade liberalization and facilitation and an important participant in regional cooperation and economic integration in the Asia-Pacific region. Suga said on Friday that Japan aims to expand a major regional free trade pact called the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). These Are The 44 Key And Emerging European Freight Hubs To Watch - Silk Road Briefing. NEW DELHI: The low key Japan visit of Chinese foreign minister Wang Yi was marked by vociferous protests by representatives of the Mongolian, Tibetan and Uighur communities. Wang’s statements concerning China’s overall policy are fully consistent with the new foreign investment law, the most recently revised negative list and the dual circulation strategy. The recently concluded Fifth Plenum of the 19th CPC Central Committee adopted the Recommendations for Formulating the 14th Five-Year Plan for Economic and Social Development and the Long-Range Goals for 2035, unveiling a blueprint for the next stage of China’s development. China's Foreign Minister Wang Yi. Yet no matter how the situation may evolve, the international community’s need for the Belt and Road remains unchanged; partners’ support for the Belt and Road remains unchanged; and China’s resolve to advance Belt and Road international cooperation remains unchanged.”. Come and sell to them.”. Personally, I continue to find it extraordinary that through the development and active promotion of free trade agreements, it is the Communist Party of China who are modelling their foreign policy on capitalist models, while Washington, embarking on trade protectionism and withdrawing from regional free trade agreements has been behaving more as a Soviet era bloc. Your email address will not be published. China News Agency, Beijing, December 23. “Progress has been made in projects such as the Jakarta-Bandung high speed railway, the China-Laos railway, and the Budapest-Belgrade railway. Chinese State Councilor and Foreign Minister Wang Yi sent a message of sympathies to Prime Minister and Minister for Foreign Affairs Josaia Voreqe Bainimarama over the casualties and severe loss of property caused by severe Tropical Cyclone Yasa. Op/Ed By Chris Devonshire-Ellis . Earlier in the day, meanwhile, Wang met with his South Korean counterpart Kang Kyung Wha to discuss arrangements for Chinese President Xi Jinping's visit to South Korea, among other things. Production and demand continue to pick up; employment is on the whole stable; fiscal and financial performance is steady; and market expectations have kept improving. The world today is going through a pandemic and global changes, both unseen in a century. On Thursday, the US formally asked the UN to trigger the “snapback”, a mechanism under the 2015 nuclear accord that allows a participant to restore pre-2015 sanctions on Iran, on the grounds that Tehran has significantly violated the agreement. Its stated aim is to build “a more open and efficient international cooperation platform; a closer, stronger partnership network; and to push for a more just, reasonable and balanced international governance system.”. With rigorous containment measures in place, many Belt and Road projects have kept going with no layoffs. and grow their operations. FILE PHOTO: Chinese Foreign Minister Wang Yi wearing a face mask following the coronavirus disease (COVID-19) outbreak attends the opening session of … Chinese Foreign Minister Wang Yi may visit Korea . Media commentators speculate that with Yang Jeichi, Wang Qishan and Liu He, diplomacy is being given a … Chinese SOEs are increasingly taking minority equity positions in ODI deals, needing the research and technology, while in possession of a substantial global market. That is probably an unsustainable position as inevitably competing technologies will need to talk to each other. Live: Chinese State Councilor and Foreign Minister Wang Yi delivers an address. Chinese Foreign Minister Wang Yi said the China-U.S. relation reache... d an important moment to shape the future. Wang … What has happened shows that extensive consultation, joint contribution and shared benefits represents the right way toward better global digital governance. Copyright © 2020 CGTN. Chinese Foreign Minister Wang Yi wrapped up the first stop of his five-nation African tour following a full day of high-level meetings with Egyptian and Arab regional leaders. (Xinhua/Du Xiaoyi) TOKYO, Nov. 25 (Xinhua) -- Visiting Chinese State Councilor and Foreign Minister Wang Yi met with former Japanese Prime Minister Yasuo Fukuda here on Wednesday and both sides agreed on the importance to … Sorry, your blog cannot share posts by email. China’s foreign minister Wang Yi has called for better relations with the incoming Biden administration, saying a confrontation between the US and China would "spell disaster" for "humanity as a … China has put its money where its mouth is in terms of partnering overseas in healthcare and this can be expected to be a major driver of future BRI and global healthcare development. South Korean President Moon Jae-in meets with visiting Chinese State Councilor and Foreign Minister Wang Yi in Seoul, South Korea, Nov. 26, … He has been serving as Foreign Minister since March 2013. Kevin Rudd, President of the Asia Society Policy Institute and former Prime Minister of Australia. Statements by Prime Minister Benjamin Netanyahu and Chinese Foreign Minister Wang Yi at the start of their meeting. Wang has essentially said that “Chinese consumers have money and they want to buy. Handling and processing China-Europe freight is a major opportunity for logistics businesses, and especially those processing digital data and intelligence across borders. Visiting Chinese State Councilor and Foreign Minister Wang Yi (R) meets with former Japanese Prime Minister Yasuo Fukuda in Tokyo, Japan, Nov. 25, 2020. Chinese Foreign Minister Wang Yi addressed the Asia Society on Dec. 18, marking the first comprehensive speech by a senior Chinese official on Sino-American relations since Joe … (Reuters) - The United States should choose dialogue and consultation with China instead of pursuing “unacceptable” unilateral sanctions against Chinese companies, China’s State … Wang Yi first conveyed a verbal message from President Xi Jinping to Prime Minister Yoshihide Suga and cordial greetings from Chinese leaders. We support Chinese and foreign companies in participating in cooperation projects in an open and transparent manner following market rules and the principle of fairness and sharing benefits and risks. China’s policies will spur another boom in FDI into China in the coming years. In the coming decade, total import of goods into China is estimated to top 22 trillion US dollars. New Delhi: Chinese Foreign Minister and State Councillor Wang Yi Friday said any attack on the Communist Party of China (CPC) is an attack on people of that country and that Beijing believes in peaceful coexistence when it comes to conducting diplomacy. In Q3 alone it included 48 outbound investments in JV’s and drug research for a July-September total of US$2.503 billion, with an average investment size of US$52 million. Our comments on the CPTPP and RCEP free trade deals China has signed can be found here and here. Minister Wang Yi has urged the US to change its strategic perceptions of China in “Confronted by the most serious pandemic in a century, China has taken swift, resolute and extraordinary measures to contain the virus and ensure economic and social development. On November 25, a large number of people gathered outside the official residence of Japanese Prime Minister Yoshihide Suga to protest the visit. How a US backed 5G network can interface with a Chinese one remains to be seen. The BRI partners are actively developing Silk Road e-commerce, digital transport corridors, cross-border fiber optic cables for information transmission and the China-ASEAN Information Harbor. This year, the value of its domestic retail market will surpass 6 trillion US dollars. Chinese State Councilor and Foreign Affairs Minister Wang Yi has reiterated his nation’s commitment to aid Africa’s development aspirations. NEW DELHI: The low key Japan visit of Chinese foreign minister Wang Yi was marked by vociferous protests by representatives of the Mongolian, Tibetan and Uighur communities. Save my name, email, and website in this browser for the next time I comment. This is further compounded by the ‘Dual Circulation Strategy’ and and it is of note that Wang specifically mentions China’s market potential and middle class consumer base. Despite the onslaught of COVID-19 this year, BRI partners have convened 30-plus international video conferences under a dozen or so BRI multilateral platforms to coordinate policies and advance practical cooperation on finance, taxation, energy, green development, anti-corruption and other areas. The metro train in Lahore, a project under the China-Pakistan Economic Corridor, is now open to traffic. The meeting was chaired by the European Union (EU) High Representative for Foreign Affairs and Security Policy Josep Borrell. Our cooperation has played an important role in helping countries fight the virus, stabilize the economy, and protect people’s livelihoods. Chinese State Councilor and Foreign Minister Wang Yi delivers an … Chinese State Councillor and Foreign Minister Wang Yi's Nov. 25 to 27 visit to Seoul has left more questions than answers as the two countries showed some differing priorities in bilateral relations. Chinese Foreign Minister reaffirms support for Africa’s development aspirations 3 min read. Although EU negotiators have been discussing with China improvements on the current status of EU-China trade, and have targeted access to Chinese markets as an area on concern, it is interesting to note that in fact, German FDI into China increased to US$37.8 billion in 2020, up from US$21.6 billion in 2019, proof if needed that China’s market liberalisation has succeeded. China will make vaccines a global public good when they become available for deployment. Wang Yi said that China-Russia relations have maintained a high level and particularity. But it … Chinese State Councilor and Foreign Minister Wang Yi will visit Japan and South Korea from November 24 to 27 at the invitation of his Japanese counterpart Toshimitsu Motegi and South Korean counterpart Kang Kyung-wha, the Chinese Foreign Ministry said on Friday. Wang Yi was speaking through his translator after a meeting with Foreign Affairs Minister Stephane Dion in Ottawa. China has established fast tracks with many countries, BRI partners in particular, and green lanes with interested parties to facilitate personnel flows and smooth delivery of goods.”. Wang said China will continue working with Africa and ensure that the existing partnership will lead to prosperity in the continent. It is a chorus by BRI partners, not a solo show by China. In the first three quarters, China’s economy resumed positive growth. To make the Belt and Road a model of health, we need to further advance international cooperation against COVID-19. Unilateralism and protectionism have been on the rise. With global industrial and supply chains disrupted and international trade and investment contracting, the world economy slipped into recession. In the message, Wang Yi … All this will catalyze the development of a green Silk Road.”. He was made a State Councilor (replacing Yang Jeichi who joined the Politburo) in March 2018. "China is positive and open to different FTAs as long as they conform to the direction of regional economic integration in the Asia-Pacific region, conform to the principles of transparency, openness, and inclusiveness, and are conducive to maintaining the global free trade system with the WTO at its core," Zhao noted. Wang Yi is a member of the 19th CPC Central Committee. Chinese State Councilor and Foreign Affairs Minister Wang Yi has reiterated his nation’s commitment to aid Africa’s development aspirations. China has a population of 1.4 billion and a middle-income group exceeding 400 million. In the first three quarters this year, China’s non-financial direct investment in countries along the Belt and Road increased by nearly 30% year-on-year. The possible visit, which Seoul’s Ministry of Foreign Affairs said was still being negotiated, would be the first time Beijing’s top diplomat has visited Korea since Joe Biden beat incumbent President Donald Trump in the U.S. election earlier this month. Your email address will not be published. The Advisory Council and BRF is an international political and economical forum, attended by numerous foreign heads of state and government ministers, in addition to representatives from  130 countries and international institutions. Dezan Shira & Associates helps A stream of new projects have been launched. Posted : 2020-11-17 16:55. The penny may not have dropped in the West, but China is actively engaged in changing its economic and fiscal model to become a consumer based society. As I mentioned last week in the article China’s Belt & Road Initiative: Key Developments To Expect In 2021 Wang’s outlying again of China’s state policies spell great news for China investors. Wang is also expected to meet with Japanese Prime Minister Yoshihide Suga during his two-day trip, Japan's Kyodo News reported citing Japanese officials. Such moves are not constructive. Not long ago, we signed the Regional Comprehensive Economic Partnership and announced our readiness to favorably consider joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. To make the Belt and Road a model of growth, we need to unleash new drivers of the world economy. Notes: The ‘Paradigm’ Wang refers to is impacted by new Foreign Investment Law and subsequent Negative List, which further liberalised the Chinese domestic market. He said the U.S. caused the relations to hit a low point since 1979, and urged “to restart dialogue, return bilateral relations to the right track”. The joint statement issued at the High-level Video Conference on Belt and Road International Cooperation sent a strong message of collectively fighting the virus, strengthening connectivity and promoting economic recovery, and reaffirmed to the world the strong confidence in Belt and Road international cooperation. China has also taken an active part in the G20’s Debt Service Suspension Initiative (DSSI), ranking the first among G20 members in terms of deferral amount. We will continue to work with others to enhance the cooperation frameworks of fast tracks and green lanes, strengthen land, sea and air multi-modal transport, and further enhance the efficiency and quality of key international corridors. It will fully unlock China’s market potential and facilitate greater opening-up. Wang Yi riffed on a number of familiar tunes, from China’s role in post-COVID-19 recovery to the shibboleth of “non-interference.” Chinese Foreign Minister Wang … SEOUL: Chinese Foreign Minister Wang Yi is due to visit South Korea on Wednesday (Nov 25) amid talk of a trip to Seoul by Chinese President Xi Jinping. Visiting Chinese State Councilor and Foreign Minister Wang Yi (R) meets with former Japanese Prime Minister Yasuo Fukuda in Tokyo, Japan, Nov. 25, 2020. For BRI partners, our immediate priority is to defeat the virus through solidarity and cooperation. Multilateral platforms including the BRI International Coalition for Green Development, the BRI Green Investment Principles and the BRI Green Investment Fund are growing in depth and vitality. Concerning the China-Europe Railway Express, freight volumes between China and Europe doubled in 2020, and although this was partially in response to the closing of air corridors, increased efficiency and costs will ensure these routes remain their vitality. During his visit to Japan, Wang will hold talks with Motegi and meet with other Japanese politicians, said spokesperson Zhao Lijian. Chinese State Councillor and Foreign Minister Wang Yi's Nov. 25 to 27 visit to Seoul has left more questions than answers as the two countries showed some differing priorities in bilateral relations. It has also contributed to the implementation of the UN 2030 Agenda for Sustainable Development. Chinese State Councilor and Foreign Minister Wang Yi sent a message of sympathies to Prime Minister and Minister for Foreign Affairs Josaia Voreqe Bainimarama over the casualties and severe loss of property caused by severe Tropical Cyclone Yasa. He is the first serving Foreign Minister to also be on the State Council. In many ways, the future for China investments has never looked so good and the playing field to get into the market so attractive. Important progress has been made in phase III trials carried out by China’s vaccine companies and firms in BRI partner countries such as Russia, Egypt, Indonesia, Pakistan and the UAE. Chinese State Councilor and Foreign Minister Wang Yi had a phone conversation with Russian Foreign Minister Lavrov on the 22nd. Now, more than ever, is the time to actively become engaged in selling products and services to China, and it is of profound importance for international companies to note that this is Chinese State Policy. 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