Global-China Information Service

Abstract : The number of internet users in China had reached 940 million as of June, accounting for one-fifth of the world's total, according to a report on China's internet development released Tuesday. A live streamer (L) sells seafood products via internet at Haitou Town in Lianyungang, east China’s Jiangsu Province, June 10, 2020. (Xinhua/Li Yuze) The internet penetration rate in China reached 67 percent, about 5 percentage points higher than the global average. BEIJING, Sept. 29 (Xinhua) — The number of internet users in China had reached 940 million as of June, accounting for one-fifth of the world’s total, according to a report on China’s internet development released Tuesday. The internet penetration rate in China reached 67 percent, about 5 percentage points higher than the global average, said the report issued by the China Internet Network Information Center. Residents in 98 percent of China’s poor villages had access to the internet through fiber-op...

Abstract : China's international trade surplus in goods and services last month stood at 312.1 billion yuan (about 45 billion U.S. dollars), official data showed on Tuesday. BEIJING, Sept. 29 (Xinhua) — China’s international trade surplus in goods and services last month stood at 312.1 billion yuan (about 45 billion U.S. dollars), official data showed on Tuesday. The country’s trade income amounted to over 1.69 trillion yuan, while expenditure was at 1.38 trillion yuan, according to data released by the State Administration of Foreign Exchange. China’s goods trade income came in at 1.57 trillion yuan with an expenditure of 1.16 trillion yuan, leading to a 405.6-billion-yuan surplus, the data showed. The services trade saw a deficit of 93.4 billion yuan, as the sector’s income and expenditure stood at 125.2 billion yuan and 218.6 billion yuan, respectively. Enditem About Xinhua Silk Road Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal....

Abstract : Chinese tech giant Lenovo Group will build a manufacturing facility in Hungary, the country's Minister of Foreign Affairs and Trade Peter Szijjarto said here on Tuesday. BUDAPEST, Sept. 29 (Xinhua) — Chinese tech giant Lenovo Group will build a manufacturing facility in Hungary , the country’s Minister of Foreign Affairs and Trade Peter Szijjarto said here on Tuesday. The 8.2-billion-Hungarian-forint (26.3 million U.S. dollars) plant will be built in Ullo on the outskirts of the capital, with a two-billion-forint government grant, according to Szijjarto. “The investment will create 1,000 jobs and introduce advanced technological solutions. Production at the plant could start in early 2021,” the minister said, adding that the investment would accelerate industrial production based on development, meaning it offers great opportunities for the Hungarian economy and Hungarian engineers. Szijjarto stressed that Lenovo’s decision confirmed that leading technol...

Abstract : The purchasing managers' index (PMI) for China's manufacturing sector came in at 51.5 in September, up from 51 in August, the National Bureau of Statistics (NBS) said Wednesday. BEIJING, Sept. 30 (Xinhua) — The purchasing managers’ index (PMI) for China’s manufacturing sector came in at 51.5 in September, up from 51 in August, the National Bureau of Statistics (NBS) said Wednesday. A reading above 50 indicates expansion, while a reading below reflects contraction. It is the seventh month in a row that the figure has remained in the expansion territory. Commenting on the sustained expansion, NBS senior statistician Zhao Qinghe said the Chinese economy keeps recovering steadily with increasing positive factors as the country continues to advance the policies of balancing epidemic control and economic development. In September, the sub-index for production stood at 54, up 0.5 points month on month, while that for new orders rose 0.8 points to 52.8. With th...

Abstract : China has issued a set of guidelines to promote inter-provincial government affairs services in a bid to further streamline government administration. BEIJING, Sept. 29 (Xinhua) — China has issued a set of guidelines to promote inter-provincial government affairs services in a bid to further streamline government administration. According to the document issued by the General Office of the State Council, China will facilitate 140 items of inter-provincial government affairs services of high demand. The first batch of 58 such service items, including the registration of market entities, will be made available by the end of this year. The document clarified that priority should be given to services concerning people’s livelihood and the interests of enterprises. It urged efforts to enable more administrative matters to be processed online. The capacity of a national coordinated government affairs service platform should be improved, the document said, calling ...

Abstract : With the size of its economy and population, China plays a very important role in strengthening multilateralism, and provides benefits for more countries, said a senior official of the Association of Southeast Asian Nations (ASEAN). JAKARTA, Sept. 29 (Xinhua) — With the size of its economy and population, China plays a very important role in strengthening multilateralism, and provides benefits for more countries, said a senior official of the Association of Southeast Asian Nations (ASEAN). “We believe that China can provide more benefits to the world by working very closely with all the countries on many issues,” ASEAN’s Deputy Secretary-General Kung Phoak told Xinhua in a video interview here Monday. Kung Phoak expressed his confidence about China’s role in upholding multilateralism, as it is the world’s second largest economy and a populous nation having many countries as its cooperation partners. He said that promoting multilateral cooperation depends on the effort...

Abstract : China unveiled its 2020 list of the top 500 Chinese companies Monday, reflecting resilience in the country's large firms that are underpinning the growth of the world's second-largest economy. BEIJING, Sept. 29 (Xinhua) — China unveiled its 2020 list of the top 500 Chinese companies Monday, reflecting resilience in the country’s large firms that are underpinning the growth of the world’s second-largest economy. At a time when the country is faced with mounting uncertainties abroad, China’s big companies have stood up against the challenges and responded actively with structural upgrades, said Wang Zhongyu, head of the China Enterprise Confederation and China Enterprise Directors Association, which compiled the list. A closer look at the list revealed changes that are taking place to help the economy weather external shocks and achieve long-term, sustainable growth. RISING REVENUES The new list, issued for the 19th consecutive year, showed that the country’s lar...

Abstract : The Hainan free trade port in south China's Hainan Province on Monday launched its first inter-continental shipping line linking the port with Australia and other Asia-Pacific countries. HAIKOU, Sept. 28 (Xinhua) — The Hainan free trade port in south China’s Hainan Province on Monday launched its first inter-continental shipping line linking the port with Australia and other Asia-Pacific countries. The Yangpu-South Pacific-Australia route will connect ports in China, the Philippines , Papua New Guinea and Australia, according to authorities in Hainan’s Yangpu Economic Development Zone. At present, two ships with a total of 1,740 containers have been put into operation on the route. Officials said the new line will facilitate trades of coconut, beef, minerals, logs and consumer products between China and South Pacific countries. Chinese authorities on June 1 released a master plan for the Hainan free trade port, aiming to build the southern island province into...

Abstract : China has applied for 4,435 blockchain patents so far, accounting for about half of the world's total, according to an industry report released on Monday. NANCHANG, Sept. 29 (Xinhua) — China has applied for 4,435 blockchain patents so far, accounting for about half of the world’s total, according to an industry report released on Monday. The 2020 Blockchain Industry Development Report jointly compiled by Tsinghua University, Peking University and China Institute of Communications was issued at the 2020 China International Blockchain Technology and Application Conference in Nanchang, capital of east China’s Jiangxi Province. Blockchain is the core technology of the next-generation Internet with the characteristics of unforgeability, decentralization, openness and transparency, said Chen Xiaohong, an academician of the Chinese Academy of Engineering. “The new generation of information technologies such as blockchain, big data, Internet of Things and artificial intelli...

Abstract : China stands ready to work with Cuba to deepen political mutual trust, expand cooperation in breadth and depth, and promote China-Cuba traditional friendship to produce new outcomes, Chinese State Councilor and Foreign Minister Wang Yi said Monday. Chinese State Councilor and Foreign Minister Wang Yi (L) meets with Cuban Ambassador to China Carlos Miguel Pereira at the reception hosted by the Cuban Embassy to celebrate the 60th anniversary of the establishment of diplomatic ties between China and Cuba in Beijing, capital of China, Sept. 28, 2020. (Xinhua/Liu Bin) BEIJING, Sept. 28 (Xinhua) — China stands ready to work with Cuba to deepen political mutual trust, expand cooperation in breadth and depth, and promote China-Cuba traditional friendship to produce new outcomes, Chinese State Councilor and Foreign Minister Wang Yi said Monday. Wang made the remarks when attending the reception hosted by the Cuban Embassy to celebrate the 60th anniversary of the establishment ...

Abstract : China's economy is expected to grow by 2.0 percent in 2020, up from the 1 percent growth projection released in June, the World Bank said on Monday. WASHINGTON, Sept. 28 (Xinhua) — China’s economy is expected to grow by 2.0 percent in 2020, up from the 1 percent growth projection released in June, the World Bank said on Monday. Enditem About Xinhua Silk Road Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal. China’s silk road economic belt and the 21st century maritime silk road website, include BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI). Source: China’s economy to grow by 2.0 pct in 2020, says World Bank

Abstract : China has always opposed the United States' unreasonable action of bullying foreign enterprises by abusing state power and the concept of national security, foreign ministry spokesperson Wang Wenbin said on Monday. BEIJING, Sept. 28 (Xinhua) — China has always opposed the United States’ unreasonable action of bullying foreign enterprises by abusing state power and the concept of national security, foreign ministry spokesperson Wang Wenbin said on Monday. Wang made the remarks in response to a query about a preliminary injunction issued by a federal judge Sunday night against a U.S. administration’s order to ban the popular video-sharing social networking platform TikTok from American online app stores. “We hope the U.S. side will earnestly respect market economy and fair competition principles, abide by international economic and trade rules, and provide a fair, just, open, and non-discriminatory business environment for enterprises from all countries to invest an...

Abstract : China will offer emergency humanitarian aid worth 300,000 U.S. dollars to Sudan, Chinese Ambassador to Sudan Ma Xinmin said on Monday. Chinese Ambassador to Sudan Ma Xinmin (C) attends a virtual reception to celebrate the 71st anniversary of the founding of the People’s Republic of China at the Chinese embassy in Khartoum, Sudan, Sept. 28, 2020. China will offer emergency humanitarian aid worth 300,000 U.S. dollars to Sudan, Chinese Ambassador to Sudan Ma Xinmin said on Monday. (Photo by Mohamed Khidir/Xinhua) KHARTOUM, Sept. 28 (Xinhua) — China will offer emergency humanitarian aid worth 300,000 U.S. dollars to Sudan, Chinese Ambassador to Sudan Ma Xinmin said on Monday. “We believe that the Sudanese government and people will definitely be able to overcome the floods and rebuild their homes as soon as possible,” Ma said at a virtual reception held at the Chinese embassy in Khartoum to celebrate the 71st anniversary of the founding of the People’s Republic of China. ...

Abstract : Livestreaming, real-time app push notifications, video meetings… Under the impact of COVID-19, both media outlets and technology developers have gained a deeper awareness of the new ways that people acquire and exchange information. SHANGHAI, Sept. 28 (Xinhua) — Livestreaming, real-time app push notifications, video meetings… Under the impact of COVID-19 , both media outlets and technology developers have gained a deeper awareness of the new ways that people acquire and exchange information. At a forum that concluded Monday, leading media providers and tech firms in China underlined the importance of further cooperating with each other to cope with changes taking place in the two industries. Experts and representatives from the industries and the government shared their insights on media-tech integration during the two-day 2020 China Internet Media Forum held in Shanghai. TECH PLUS MEDIA During the COVID-19 pandemic, media outlets in China have acted rapidly to provide...

Abstract : Washington's ban on TikTok and a related series of lawsuits are pushing the United States down the road of isolation, experts have said. BEIJING, Sept. 28 (Xinhua) — Washington’s ban on TikTok and a related series of lawsuits are pushing the United States down the road of isolation, experts have said. Rather than global integration and free competition, such a ban discriminates against companies from certain countries, said Carl F. Fey, professor of international business at Finland’s Aalto University. “I think it is questionable if this ban meets World Trade Organization’s principles of openness and transparency,” he said. “I am for an interconnected world with few barriers,” he said, adding that U.S. President Donald Trump’s administration has departed from this, and that he does not believe it represents the values that the United States has traditionally stood for. “It is hard for most Americans like me to imagine that our government would ban major communicat...

Abstract : Xiang Ngeun No. 3 Tunnel, the last tunnel along the China-Laos Railway in Luang Prabang Province, some 210 km north of Lao capital Vientiane, was drilled through on Tuesday. VIENTIANE, Sept. 29 (Xinhua) — Xiang Ngeun No. 3 Tunnel, the last tunnel along the China-Laos Railway in Luang Prabang Province, some 210 km north of Lao capital Vientiane, was drilled through on Tuesday. So far, all the 75 tunnels across the China-Laos Railway have been holed. The successful completion of the tunnels indicates that the controlling factors affecting the China-Laos railway project have basically been removed. It also indicates that the China-Laos Railway is shifting from the large-scale civil engineering stage to station construction and installation, to the preparation for operation and management. The China-Laos Railway crosses the Mekong River twice, passing through two some-60-km tropical forest mountain areas, with complex geology and harsh construction environment such as ste...

Abstract : The cooperation on new energy vehicles (NEVs) between China and Germany has made remarkable progress over the past decade since the two countries forged a strategic partnership on electric vehicles in June 2011. HAIKOU, Sept. 28 (Xinhua) — The cooperation on new energy vehicles (NEVs) between China and Germany has made remarkable progress over the past decade since the two countries forged a strategic partnership on electric vehicles in June 2011. As part of the ongoing 2nd World New Energy Vehicle Congress (WNEVC 2020) held in Haikou, capital of south China’s Hainan Province running from Sept. 27 to 30, the Sino-German Forum on Cooperation and Development of NEVs was held Monday, reviewing the achievements and sharing future outlook of Sino-German cooperation on e-mobility. The forum was attended by government officials, representatives of automakers and suppliers in the NEV industry, as well as experts from universities and research institutes in both countries. Wan G...

Abstract : German carmaker Volkswagen is positioning itself to take a leading role in the development of China's new-energy vehicle (NEV) industry, with plans for large-scale financial investment in the coming years. HAIKOU, Sept. 28 (Xinhua) — German carmaker Volkswagen is positioning itself to take a leading role in the development of China’s new-energy vehicle (NEV) industry, with plans for large-scale financial investment in the coming years. Volkswagen, together with its Chinese joint-venture partners, will invest 15 billion euros (about 17.5 billion U.S. dollars) in China alone by the end of 2024, fueling the country’s e-mobility push, Stephan Wollenstein, CEO of Volkswagen Group China, said Monday. Wollenstein made the announcement at the Sino-German Forum on Cooperation and Development of NEVs, part of the ongoing 2nd World New Energy Vehicle Congress (WNEVC 2020), held in Haikou, capital of south China’s Hainan Province. “By 2025, Volkswagen Group will have an annual...

Abstract : China's central bank has pledged to step up support for the real economy amid efforts to further lower lending rates and financing costs via reform. BEIJING, Sept. 28 (Xinhua) — China’s central bank has pledged to step up support for the real economy amid efforts to further lower lending rates and financing costs via reform. The People’s Bank of China (PBOC) will work to make sure that newly added financing flows will focus on the manufacturing sector and medium, small and micro firms, the PBOC said in a statement on Monday after a regular meeting of its monetary policy committee. The prudent monetary policy is forward-looking, precise, and timely, which strongly supports epidemic prevention and control measures, the resumption of work and production, as well as the development of the real economy, the meeting noted. Stressing that the monetary policy should be more flexible and targeted, the meeting urged efforts to ensure the delivery of monetary policy instru...

Abstract : The General Office of the State Council has issued a guideline on promoting the high-quality development of the animal husbandry industry, outlining priorities to boost the sector's efficiency and competitiveness. BEIJING, Sept. 27 (Xinhua) — The General Office of the State Council has issued a guideline on promoting the high-quality development of the animal husbandry industry, outlining priorities to boost the sector’s efficiency and competitiveness. Efforts will be made to form a new high-quality development pattern in the sector that will see greater efficiency, safer products, efficient resource use, environmentally friendly production and effective regulation. The guideline calls for efforts to facilitate the development of a modern farming system and strengthen the cultivation and promotion of exceptional breeds. To this end, subsidies will be provided to aid breeding programs in pastoral areas. The policy paper calls for further improvements to the country’...

Abstract : Profits of China's major industrial firms totaled 612.81 billion yuan (about 90 billion U.S. dollars) in August, increasing by 19.1 percent year on year, data from the National Bureau of Statistics showed Sunday BEIJING, Sept. 27 (Xinhua) — Profits of China’s major industrial firms totaled 612.81 billion yuan (about 90 billion U.S. dollars) in August, increasing by 19.1 percent year on year, data from the National Bureau of Statistics showed Sunday. Enditem About Xinhua Silk Road Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal. China’s silk road economic belt and the 21st century maritime silk road website, include BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI). Source: China’s industrial profits up 19.1 pct in August

Abstract : The China-Malaysia Culture and Tourism Month-Fun with Nature campaign kicked off on Saturday at Malaysia's National Zoo, drawing over 1,000 visitors on its first day. Malaysian dancers perform traditional dancing during the opening ceremony of the China-Malaysia Culture and Tourism Month-Fun with Nature campaign in Kuala Lumpur, Malaysia, Sept. 26, 2020. The China-Malaysia Culture and Tourism Month-Fun with Nature campaign kicked off on Saturday at Malaysia’s National Zoo, drawing over 1,000 visitors on its first day. (Xinhua/Zhu Wei) KUALA LUMPUR, Sept. 26 (Xinhua) — The China-Malaysia Culture and Tourism Month-Fun with Nature campaign kicked off on Saturday at Malaysia’s National Zoo, drawing over 1,000 visitors on its first day. Running for three weeks, a series of activities will be organized every weekend including cultural performances, cultural exhibition of traditional Chinese arts and crafts as well as other activities. With multiple booths set up outsid...

Abstract : A senior official of the Communist Party of China (CPC) and Uzbek Prime Minister Abdulla Aripov agreed on Friday to push for greater achievements in bilateral cooperation. BEIJING, Sept. 27 (Xinhua) — A senior official of the Communist Party of China (CPC) and Uzbek Prime Minister Abdulla Aripov agreed on Friday to push for greater achievements in bilateral cooperation. In a phone conversation, Guo Shengkun, Chinese chairman of the China-Uzbekistan intergovernmental committee of cooperation, said that under the strategic guidance of Chinese President Xi Jinping and Uzbek President Shavkat Mirziyoyev, bilateral relations have reached an unprecedented high level. Since the outbreak of the COVID-19 pandemic, China and Uzbekistan have been supporting and helping each other and carried out effective cooperation against the pandemic, said Guo, who is also a member of the Political Bureau of the CPC Central Committee and who heads the Commission for Political and Legal Affai...

Abstract : China's yuan strengthened against a basket of currencies last week, according to the China Foreign Exchange Trade System (CFETS). BEIJING, Sept. 28 (Xinhua) — China’s yuan strengthened against a basket of currencies last week, according to the China Foreign Exchange Trade System (CFETS). The CFETS yuan exchange rate composite index, which measures the yuan’s strength relative to a basket of currencies, came in at 94.46 on Sept. 25, up 0.34 points from a week earlier, according to the CFETS. The index compares the yuan with the value of 24 currencies, including the U.S. dollar, euro and Japanese yen. Last week also saw an index that measures the yuan against the Bank for International Settlements currency basket up 0.33 points to 98.26. The index measuring the yuan against the Special Drawing Rights basket went down 0.02 points to 92.67. Enditem About Xinhua Silk Road Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal. China’s silk...

Abstract : Egyptian-Chinese cooperation in the fight against the COVID-19 pandemic reflects the strength and durability of the two countries' relations, said Egyptian Minister of State for Information Osama Heikal. SHARM EL SHEIKH, Egypt , Sept. 27 (Xinhua) — Egyptian-Chinese cooperation in the fight against the COVID-19 pandemic reflects the strength and durability of the two countries’ relations, said Egyptian Minister of State for Information Osama Heikal. “In such circumstances, countries need to cooperate with each other in a way that demonstrates solidarity and reflects strength in relationships … Egyptian-Chinese cooperation is a good example,” the minister told Xinhua in a recent interview. Egypt-China relations are strong and deeply-rooted, and will gain a greater momentum in the coming years, he said. The minister praised China’s handling of the pandemic, saying that every country has dealt with the crisis according to its own circumstances. “I believe that the E...

Abstract : China published the 2020 list of the top 500 Chinese enterprises on Monday, which showed improved performance and more research and development (R&D) spending by the companies. ZHENGZHOU, Sept. 28 (Xinhua) — China published the 2020 list of the top 500 Chinese enterprises on Monday, which showed improved performance and more research and development (R&D) spending by the companies. The new list, jointly issued by the China Enterprise Confederation and China Enterprise Directors Association for the 19th consecutive year, showed that the combined net profit of the firms rose 10.2 percent year on year. China Petrochemical Corporation topped the list, followed by the State Grid Corporation of China and China National Petroleum Corporation. Among the 500 firms, 431 reported R&D data. Their combined R&D spending totaled 1.08 trillion yuan (158.2 billion U.S. dollars), with the proportion of R&D expenditure to operating revenue rising to a historical high o...

Abstract : China will take steps to implement the three-year action plan on reforming the country's state-owned enterprises (SOEs), according to a conference here on Sunday. Chinese Vice Premier Liu He, also a member of the Political Bureau of the Communist Party of China Central Committee and head of the State Council leading group for state-owned enterprise(SOE) reform, addresses a national teleconference on the implementation of the three-year action plan on reforming the country’s SOEs, which is presided over by State Councilor Wang Yong, deputy head of the group, in Beijing, capital of China, Sept. 27, 2020. (Xinhua/Yin Bogu) BEIJING, Sept. 27 (Xinhua) — China will take steps to implement the three-year action plan on reforming the country’s state-owned enterprises (SOEs), according to a conference here on Sunday. The SOEs should become market entities with core competitiveness and push forward the mixed-ownership reform in an active yet prudent manner, said the nationa...

Abstract : Profits of China's major industrial firms maintained steady recovery in August as the production and operations of enterprises further improved, official data showed on Sunday. BEIJING, Sept. 27 (Xinhua) — Profits of China’s major industrial firms maintained steady recovery in August as the production and operations of enterprises further improved, official data showed on Sunday. Profits of China’s major industrial firms totaled 612.81 billion yuan (about 90 billion U.S. dollars) last month, increasing by 19.1 percent year-on-year, data from the National Bureau of Statistics (NBS) showed. The growth narrowed 0.5 percentage points from July. The recovery momentum of industrial profits was further consolidated last month as supply and demand gradually improved, said senior NBS statistician Zhu Hong. In August, profits of the equipment manufacturing sector reported relatively fast growth, up 23.1 percent year on year, while those of the auto manufacturing industry wen...

Abstract : China's central bank on Sunday continued to pump cash into the banking system via reverse repos to maintain liquidity. BEIJING, Sept. 27 (Xinhua) — China’s central bank on Sunday continued to pump cash into the banking system via reverse repos to maintain liquidity. The People’s Bank of China injected 20 billion yuan (about 2.94 billion U.S. dollars) into the market through 14-day reverse repos at an interest rate of 2.35 percent, according to a statement on its website. The move was intended to maintain stable liquidity in the banking system at the end of the third quarter, the central bank said. A reverse repo is a process in which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future. China pursues a prudent monetary policy in a more flexible and appropriate way, according to this year’s government work report. Enditem About Xinhua Silk Road Xinhua Silk Road (en.imsilkroad.com) ...

Abstract : China saw a current account surplus in the second quarter (Q2), reversing from a deficit seen in the first quarter as the economy recovered amid control of the COVID-19 epidemic. BEIJING, Sept. 26 (Xinhua) — China saw a current account surplus in the second quarter (Q2), reversing from a deficit seen in the first quarter as the economy recovered amid control of the COVID-19 epidemic. The current account surplus reached 110.2 billion U.S. dollars in Q2, as compared with a deficit of 33.7 billion dollars in Q1, data from the State Administration of Foreign Exchange showed. The capital and financial account recorded a deficit of 34.5 billion dollars. Trade in goods posted a surplus of 161.3 billion dollars, while trade in services saw a deficit of 29.5 billion dollars. In the first half of this year, the country saw a current account surplus of 76.5 billion dollars, accounting for 1.2 percent of the country’s GDP, data from the administration showed. The administ...

Abstract : Bilateral relations between China and Cuba will continue to be reinforced for a brilliant future, a Cuban expert has said. by Yosley Carrero HAVANA, Sept. 25 (Xinhua) — Bilateral relations between China and Cuba will continue to be reinforced for a brilliant future, a Cuban expert has said. “The two countries share common goals and principles such as solidarity and mutual respect,” said Jose Luis Robaina, a senior researcher at Havana’s Center for the Study of International Politics. Robaina made the comment to Xinhua during a recent interview, which came ahead of the 60th anniversary of the establishment of diplomatic ties between China and Cuba to be marked on Sept. 28. “The friendship between the two governments and peoples have stood the test of time thanks to the excellent links that unite the Communist Party of China and the Communist Party of Cuba,” he said. In September 1960, the leader of the Cuban socialist revolution Fidel Castro received approva...

Abstract : The Boao Forum for Asia (BFA) Secretariat Haikou Office was inaugurated in Haikou, capital of south China's Hainan Province, on Friday. HAIKOU, Sept. 25 (Xinhua) — The Boao Forum for Asia (BFA) Secretariat Haikou Office was inaugurated in Haikou, capital of south China’s Hainan Province, on Friday. “We open the Secretariat’s Haikou Office to recognize the valuable contributions of Hainan Province over the past 20 years. The office reaffirms and reinforces our commitment to the development and prosperity of the province and its people. I look forward to more productive cooperation between Hainan and the forum as the office goes into operation,” said Ban Ki-moon, chairman of the BFA. Former French Prime Minister Jean-Pierre Raffarin, who is a member of BFA Council of Advisors, said that the BFA is a tremendous asset for Hainan, as it gathers global ideas and has promoted the balanced development of Hainan, Asia and the entire world. “I do hope this brand-new initiativ...

Abstract : In September 2014, Chinese President Xi Jinping and then Sri Lankan President Mahinda Rajapaksa jointly inaugurated cooperation project Colombo Port City. — Colombo Port City is the largest foreign direct investment project in Sri Lanka’s history. — It will be “the main income generator for the future of Sri Lanka,” Prime Minister Mahinda Rajapaksa said. — Dimantha Mathew, head of research at Colombo-based investment bank First Capital Holdings PLC, said the project is important for Sri Lanka which is trying to establish itself as a regional financial hub. — The Sri Lankan government is now planning to build Colombo Port City into the country’s first special economic zone for services. by Shiran Illanperuma COLOMBO, Sept. 26 (Xinhua) — In September 2014, Chinese President Xi Jinping and then Sri Lankan President Mahinda Rajapaksa jointly inaugurated cooperation project Colombo Port City, which planned to reclaim 269 hectares of land from the sea to build...