News Updates

19th Oct, 2018 - 31st Oct, 2018
  • China’s non-financial outbound FDI reaches US$82 bn in first three quarters of 2018
    Chinese investment in foreign countries has been growing continuously, with non-financial outbound foreign direct investment (FDI) rising to $82 billion in the first nine months of 2018, an increase of 5.1 percent year-on-year, Economic Daily reported on Oct. 18. Statistics released by China’s Ministry of Commerce on Oct. 17 also indicate that foreign projects newly contracted by Chinese companies in the first three quarters of this year amounted to $154.5 billion, with a turnover of $109 billion realized during the same period, up 6.4 percent from the same period last year. (People's Daily, October 19, 2018)
  • China's GDP growth hits 6.7% in first three quarters in 2018
    China's GDP growth reached 6.7 percent year-on-year in the first three quarters of this year, according to official data released. Growth in the third quarter was 6.5 percent, down from 6.8 percent in the first quarter and 6.7 percent in the second quarter, according to the National Bureau of Statistics (NBS). (People’s Daily, October 19, 2018)
  • China urges Eurasia to safeguard world economic recovery with multilateralism, openness, connectivity
    Chinese Premier Li Keqiang has called on Asian and European countries to jointly safeguard the positive momentum of the global economic recovery, stressing the importance of multilateralism, open economy, connectivity and people-to-people exchanges. ((Xinhua, October 20, 2018)
  • Seaplane to boost maritime capability, firefighting
    China will have better capability in maritime search, rescue and firefighting as it moves closer to putting the world's largest amphibious aircraft into use. Developed and built by State-owned aircraft giant Aviation Industry Corp of China, the AG600 carried out its first water-based takeoff and landing at Jingmen Zhanghe Airport, one of China's leading amphibious airports in Jingmen, Hubei province, on Saturday. (China Daily, October 22, 2018)
  • China, Japan sign currency swap agreement
    The People's Bank of China, the country’s central bank, and the Bank of Japan signed an agreement for a bilateral currency swap on Friday for 200 billion yuan or 3.4 trillion yen, one of 12 cooperative documents inked during Japanese Prime Minister Shinzo Abe's visit to Beijing. (China daily, October 26, 2018)
  • Xi meets Japanese Prime Minister, urging effort to cherish positive momentum in ties President Xi Jinping met with Japanese Prime Minister Shinzo Abe in Beijing, calling on both sides to cherish the good momentum in bilateral ties. (China daily, October 26, 2018)
  • The Belt and Road Global Chambers of Commerce and Associations Conference was held in Beijing on Monday, Oct 30. Aiming to converge non-governmental resources of the Belt and Road and promote common development for chambers of commerce and associations, the conference was attended by governmental deputies, chambers presidents, heads of international organizations and scholars from over 60 countries and regions. (People's Daily, October 30, 2018)
  • China makes remarkable achievements in cultural exchanges over 40 years of reform and opening up In China's 40 years of reform and opening-up, the country has yielded fruitful results in cultural exchanges and communication with other countries. By the end of 2017, China had signed cultural cooperation agreements with 157 countries, and the number of cultural exchange plans totaled nearly 800. An intergovernmental cultural exchange and cooperation network covering major countries and regions had also been established. (People's Daily, October 31, 2018)
12th Oct, 2018 - 18th Oct, 2018
  • Xi reiterates China's commitment to free trade, globalization
    Chinese President Xi Jinping reiterated China's commitment to free trade and economic globalization while meeting with Stephen Perry, chairman of Britain's 48 Group Club in Beijing. (Xinhua, October 17, 2018)
  • Europe, China join hands drawing maritime blueprint
    Upon entering the ship repair zone at the port of Piraeus, southern Greece, one could easily notice the immense floating dock painted in black and red and mirrored in the glossy Aegean Sea. (Xinhua, October 13, 2018)
  • China will promote a higher level of opening up and will continue to be an ideal place for foreign investment, Premier Li Keqiang said in Beijing during his meeting with Harald Kruger, chairman of German carmaker BMW Group. (Xinhua, October 11, 2018)
  • Premier Li to further implement agreements reached at SCO Qingdao Summit A new chapter in Chinese multilateral cooperation will begin in Tajikistan as Chinese Premier Li Keqiang is among those attending the 17th meeting of the Council of Heads of Government of the Shanghai Cooperation Organization (SCO). (CNTV, October 12, 2018)
  • Import expo signals China's commitment to free trade, multilateralism, says expert
    The upcoming China International Import Expo (CIIE) is a clear signal of the country's commitment to unfettered free trade and multilateral mechanisms, said Argentine political observer Patricio Giusto. "The expo sends a strong message from China in favor of free trade and multilateralism," the public policy expert and head of consulting firm Diagnostico Politico (Political Diagnosis) told Xinhua in a recent interview. (Xinhua, October 12, 2018)
  • Book of Xi's discourses on building a community with a shared future for humanity published
    A book of Comrade Xi Jinping's discourses on "promoting the building of a community with a shared future for humanity" has been published by the Central Party Literature Press. The book, which was compiled by the Party history and literature research institution of the Communist Party of China (CPC) Central Committee, will be distributed across the country as of Sunday. (Xinhua, October 15, 2018)
  • Chinese ambassador dismisses as 'groundless' US accusation Beijing interfering in domestic affairs
    China's ambassador to the U.S. has hit back at claims his country is trying to hack next month's congressional elections. Cui Tiankai's comments come amid a deepening trade war between the U.S. and China. (CNTV, October 15, 2018)
  • Xi urges deeper military-civilian integration
    Chinese President Xi Jinping called for a stronger sense of mission for deeper military-civilian integration. Xi, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, made the remarks while presiding over the second session of the Central Commission for Integrated Military and Civilian Development, which he also heads. (Xinhua, October 16, 2018)
  • China, Netherlands call for free trade against protectionism
    China and the Netherlands appealed for global efforts to promote free trade and safeguard multilateralism in order to tackle the common challenges confronting the world. (Xinhua, October 16, 2018)
  • Xi sends congratulatory letter to Belt and Road energy ministerial conference
    Chinese President Xi Jinping sent a congratulatory letter to the Belt and Road Energy Ministerial Conference and International Forum on Energy Transition, which opened in the eastern Chinese city of Suzhou. The Belt and Road Initiative has been widely recognized and actively participated by the international community since it was proposed five years ago, with fruitful results achieved, Xi said in the letter. (Xinhua, October 18, 2018)
  • India and China have launched a programme to impart training to 10 Afghan diplomats which will be followed by similar joint plans to help rebuild the war-torn country, said China’s Ambas¬sador to India Luo Zhaohui. “This is just the beginning. China and India have respective advantages. For example, India has remarkable edge in agriculture and medical services, and China in hybrid rice and poverty reduction, he said. (Dawn News, October 16, 2018)
1st Oct, 2018 - 11th Oct, 2018
  • US-China trade spat harming 3rd parties, ‘every country’ in supply chain will be affected’, expert says
    The escalating trade dispute between China and the US is beginning to inflict economic damage on third-party countries, according to a new report.
    An analysis by the Centre for Economics and Business Research, an economic consultancy in London, concludes that US President Donald Trump’s trade measures have already hit £1.9 billion ($2.48 billion) of UK exports this year. The report is one of the first to highlight the global ramifications of the trade standoff between the US and China. (China Daily, October 03, 2018)
  • Hong Kong to uphold ‘one country, two systems’ principle, develop jointly with motherland: HKSAR chief executive
    Hong Kong, both a “contributor” to and “beneficiary” of the motherland’s 40 years of reform and opening up, should uphold the original spirit of the “one country, two systems” principle and continue developing jointly with the country. (Xinhua, October 01, 2018)
  • Mike Pence’s speech adds uncertainties to China-US relations: Young Chinese
    Mr. Pence said that competition does not always mean hostility, but regrettably, a big part of his speech embodied a kind of hostility. Pence’s speech was criticized by Taiwan writer and television personality Huang Zhixian, whose remarks were shared by many people. (People's Daily, October 09, 2018)
  • US urged to refrain from damaging China's interests
    Diplomats meet with Pompeo in Beijing, advocate talks to manage differences
  • Senior Chinese diplomats urged the United States on Monday to halt wrongdoing and stop conduct that damages China's interests. They said the country will take necessary measures and firmly safeguard its sovereignty, security and development interests.
    China-US relations are at a critical stage and face great challenges, said Yang Jiechi. (China Daily, October 09, 2018)
Credit: Nabila Jaffer