It will fully unlock China’s market potential and facilitate greater opening-up. 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. Against the backdrop of the global economic recession, China’s input into the Belt and Road has not decreased but kept a momentum of growth. 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. “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. By 2030, China will lower its CO2 emissions per unit of GDP by over 65% from the 2005 level, increase the share of non-fossil fuels in primary energy consumption to around 25%, increase the forest stock volume by 6 billion cubic meters from the 2005 level, and bring its total installed capacity of wind and solar power to over 1.2 billion kilowatts. China is ready to continue advancing bilateral, trilateral and multilateral cooperation in various fields with all parties to build an open world economy, and maintain the smooth functioning of global industrial and supply chains. China announced green standards for BRI projects, First Eurasian Congress Meeting Calls For Increased Connectivity With China, Shanghai Cooperation Organisation Meeting Of Heads Of State: Report, China’s Belt & Road And Beyond – December 21, 2020, China To Invest US$300 Million In Sri Lanka Based Export-Oriented Tyre Factory, China Belt And Road Projects Value Now Exceeds US$4 Trillion - Silk Road Briefing, China's Belt And Road Initiative Member Countries: Exports Up 28% In Three Years - Silk Road Briefing, China-Europe Rail Freight Doubles In 2020. 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 … On December 21, 2020, State Councilor and Foreign Minister Wang Yi attended a video conference of foreign ministers on the Iranian nuclear issue. Chinese Foreign Minister Wang Yi may visit Japan as early as next month for meetings with Prime Minister Yoshihide Suga and Wang’s counterpart … https://bit.ly/2WtDDqq See More He has been serving as Foreign Minister since March 2013. He has been serving as Foreign Minister since March 2013. International logistics is facing an imbalance in supply and demand. Copyright © 2020 CGTN. Handling and processing China-Europe freight is a major opportunity for logistics businesses, and especially those processing digital data and intelligence across borders. 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. For BRI partners, our immediate priority is to defeat the virus through solidarity and cooperation. China's Foreign Minister Wang Yi (left) and his Japanese counterpart Toshimitsu Motegi speaking at a joint news conference in Tokyo, on Nov 24, 2020. 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. The Minister of Foreign Affairs of the People's Republic of China (Simplified Chinese: ... Wang Yi (1953–) 16 March 2013: Incumbent: Xi Jinping: Li Keqiang: References. Notes: Wang’s comments are at odds with most Western media, who have pointed to a slow-down in China’s overseas direct investment, and given rise to claims of a lack of sustainable capital being put into the BRI. It is a trend that will continue. Wang … To make the Belt and Road a model of health, we need to further advance international cooperation against COVID-19. 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. 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. China has a population of 1.4 billion and a middle-income group exceeding 400 million. 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. 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. Chinese Foreign Minister Wang Yi (L) and his South Korean counterpart Kang Kyung Wha bump elbows in Seoul on Nov. 26, 2020, wearing face masks amid the coronavirus pandemic. China will make vaccines a global public good when they become available for deployment. “President Xi Jinping has proposed making the Belt and Road a model of cooperation, health, recovery and growth. The meeting was chaired by the European Union (EU) High Representative for Foreign Affairs and Security Policy Josep Borrell. Chinese Foreign Minister Wang Yi may visit Korea as soon as Nov. 25, according to diplomatic sources. China aims to bolster relations with South Korea at a crucial juncture. 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. including the most recent legal, tax and accounting changes that affect your business. 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. 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. 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. Such moves are not constructive. 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. 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. The firm has 28 offices throughout Asia, and assists foreign investors into the region. Wang Yi was speaking through his translator after a meeting with Foreign Affairs Minister Stephane Dion in Ottawa. Chinese State Councilor and Foreign Minister Wang Yi had a phone conversation with Russian Foreign Minister Lavrov on the 22nd. “Despite the impact of the pandemic this year, international cooperation on the Belt and Road Initiative (BRI) has continued to demonstrate strong resilience and vitality. A stream of new projects have been launched. 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. Chinese Foreign Minister Wang Yi lashed out at the US on Friday for its “completely unreasonable” demand to reimpose sanctions on Iran. Iranian Foreign Minister Mohammad Javad Zarif, Russian Foreign Minister Sergei Lavrov, French Foreign […] Stay Ahead of the curve in Emerging Asia. External links. China’s policies will spur another boom in FDI into China in the coming years. Chinese Foreign Minister Wang Yi may visit Japan as early as next month for meetings with Prime Minister Yoshihide Suga and Wang’s counterpart … South Korean President Moon Jae-in meets with visiting Chinese State Councilor and Foreign Minister Wang Yi in Seoul, South Korea, Nov. 26, … It has announced that it will strive to peak CO2 emissions before 2030 and achieve carbon neutrality before 2060. They will contribute to vaccine accessibility and affordability in developing countries and deliver benefits to BRI partners. Save my name, email, and website in this browser for the next time I comment. Further comments about this can be seen here. Op/Ed By Chris Devonshire-Ellis . businesses establish, maintain, 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”. South Korean President Moon Jae-in meets with visiting Chinese State Councilor and Foreign Minister Wang Yi in Seoul, South Korea, Nov. 26, … All this will catalyze the development of a green Silk Road.”. 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. 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. With global industrial and supply chains disrupted and international trade and investment contracting, the world economy slipped into recession. 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. China’s Foreign Minister At The Belt & Road Forum For International Cooperation: Analysis Of Wang Yi’s Statements, And The Impact On China FDI & ODI In 2021. “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. China's Foreign Minister Wang Yi. Wang Yi is a member of the 19th CPC Central Committee. On November 25, a large number of people gathered outside the official residence of Japanese Prime Minister Yoshihide Suga to protest the visit. Having China and the US in a green race as a competitive arena to illustrate who is the better global citizen is a healthy rivalry to have. Chinese Foreign Minister Wang Yi said the China-U.S. relation reache... d an important moment to shape the future. 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. In many ways, the future for China investments has never looked so good and the playing field to get into the market so attractive. 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. It has followed the principles of openness, inclusiveness and transparency, and of extensive consultation, joint contribution and shared benefits. Our comments on the CPTPP and RCEP free trade deals China has signed can be found here and here. To make the Belt and Road a model of recovery, we need to promote parallel progress in COVID-19 response and economic and social development. Our cooperation has played an important role in helping countries fight the virus, stabilize the economy, and protect people’s livelihoods. Silk Road Briefing is written by Dezan Shira & Associates. Credit: AP On Friday, the Trump administration blacklisted more than 60 Chinese companies citing national security and human rights. We have coordinated pandemic response measures, shared information and diagnostic and therapeutic experience, and provided each other with urgently needed medical supplies. Live: Chinese State Councilor and Foreign Minister Wang Yi delivers an address. On November 25, 2020 local time, Japanese Prime Minister Yoshihide Suga met with visiting Chinese State Councilor and Foreign Minister Wang Yi in Tokyo. 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. Chinese Foreign Minister reaffirms support for Africa’s development aspirations 3 min read. Beijing ICP prepared NO.16065310-3, Chinese FM Wang Yi to visit Japan, S. Korea Nov. 24-27. What has happened shows that extensive consultation, joint contribution and shared benefits represents the right way toward better global digital governance. Wang Yi said that China-Russia relations have maintained a high level and particularity. Guided by a deep understanding of the new development stage, China will apply the new development philosophy, and foster a new development paradigm with domestic circulation as the mainstay and domestic and international circulations reinforcing each other. Chinese State Councilor and Foreign Affairs Minister Wang Yi has reiterated his nation’s commitment to aid Africa’s development aspirations. 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. Wang will be the highest-ranking official from Beijing to visit Japan since China's senior diplomat Yang Jiechi visited Tokyo in late February, and the second senior diplomat to travel to South Korea since the coronavirus emerged after Yang visited the southern port city of Busan in August. It is a chorus by BRI partners, not a solo show by China. On December 21, 2020, State Councilor and Foreign Minister Wang Yi attended a video conference of foreign ministers on the Iranian nuclear issue. China announced green standards for BRI projects would be implemented with immediate effect earlier this month. Your email address will not be published. Come and sell to them.”. Wang Yi was promoted to vice minister in 2001 and became ambassador to Japan in … Chinese State Councilor and Foreign Minister Wang Yi delivers an … China has put forth the Global Initiative on Data Security designed to contribute to data security and development and cooperation of digital economy, and promote collective efforts toward a cyberspace featuring peace, security, openness and cooperation. Together, we have kept land, sea and air links open to facilitate the transportation of life-saving supplies and built a solid line of defense against the virus. Chinese State Counceller and Foreign Minister Wang Yi gave the opening speech at this year’s meeting of the Advisory Council of the Belt and Road Forum for International Cooperation (BRF), held virtually in Beijing on Friday (December 18). (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. In the first three quarters, China’s economy resumed positive growth. Wang Yi first conveyed a verbal message from President Xi Jinping to Prime Minister Yoshihide Suga and cordial greetings from Chinese leaders. Chinese State Councilor and Foreign Affairs Minister Wang Yi has reiterated his nation’s commitment to aid Africa’s development aspirations. Foreign minister of China Wang Yi poses upon his arrival for a meeting with the President of the European Council at the EU headquarters, in Brussels, on December 17, 2019. 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. and grow their operations. The BRI is an initiative that is completely open and above board. The world today is going through a pandemic and global changes, both unseen in a century. "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. This year, China and BRI partners have worked closely on COVID-19 control and advanced the development of a Health Silk Road. What's new: China and the U.S. need to ensure a "smooth transition" of their relations to remove "disruptions and obstacles" before the U.S. presidential transition next month, Chinese Foreign Minister Wang Yi said Monday. Visiting Chinese State Councilor and Foreign Minister Wang Yi (R) meets with former Japanese Prime Minister Yasuo Fukuda in Tokyo, Japan, Nov. 25, 2020. 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. 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. He was made a State Councilor (replacing Yang Jeichi who joined the Politburo) in March 2018. FILE - In this Nov. 25, 2019, file photo, Chinese Foreign Minister Wang Yi, left, poses with his Japanese counterpart Toshimitsu Motegi for a photo prior to a meeting in Tokyo. 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.”. 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. Issues related to technology have been politicized by certain countries who are attempting to preserve their monopolistic position in high tech areas. 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 … Chinese Foreign Minister Wang Yi (L) and his South Korean counterpart Kang Kyung Wha bump elbows in Seoul on Nov. 26, 2020, wearing face masks amid the coronavirus pandemic. Post was not sent - check your email addresses! In the message, Wang Yi expressed his sincere sympathies to the Fijian government and people on their sufferings, indicated confidence that … China will continue to deepen reform and expand opening-up. Security issues in Libya and the situation in Iran were key items on the agenda at several of the meetings, according to news reports. China is willing to work with Japan to implement the important consensus between the two leaders, enhance high-level communication, deepen cooperation in pandemic prevention and recovery, strengthen coordination in international and regional affairs, and promote the healthy and stable development of China-Japan relations through this visit, he added. Chinese Foreign Minister Wang Yi, right, talks with South Korean Foreign Minister Kang Kyung-wha during their meeting at the foreign ministry in Seoul, South Korea, Thursday, Nov. 26, 2020. Chinese State Councilor and Foreign Minister Wang Yi holds a video conference with the U.S. Asia Society in Beijing, China, December 18, 2020. It is a platform for economic cooperation, not a geopolitical tool. Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Reddit (Opens in new window), Click to email this to a friend (Opens in new window). On November 25, a large number of people gathered outside the official residence of Japanese Prime Minister Yoshihide Suga to protest the visit. Chinese Foreign Minister Wang Yi lashed out at the US on Friday for its “completely unreasonable” demand to reimpose sanctions on Iran. For strategic advisory and business intelligence issues please contact the firm at silkroad@dezshira.com or visit www.dezshira.com, Previous Article « China’s Belt & Road And Beyond – December 21, 2020, Next Article China To Invest US$300 Million In Sri Lanka Based Export-Oriented Tyre Factory ». Wang, who … Vaccines are the focus of international cooperation for the next stage. Chinese Foreign Minister Wang Yi will meet Japanese Prime Minister Yoshihide Suga, marking Beijing's first high-level contact with Japan's new leader. Notes: We have previously commented on many of the specific projects Wang mentioned, including the Jakarta-Bandung Railway, China-Laos Railway, the Budapest-Belgrade Railway;, and the Lahore Metro. Chinese foreign minister Wang Yi due in South Korea amid talk about Xi visit China's State Councilor and Foreign Minister Wang Yi attends a joint news conference with his Japanese … Wang has essentially said that “Chinese consumers have money and they want to buy. Required fields are marked *. Minister Wang Yi has urged the US to change its strategic perceptions of China in 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). It has also contributed to the implementation of the UN 2030 Agenda for Sustainable Development. 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. That is probably an unsustainable position as inevitably competing technologies will need to talk to each other. Chinese State Councilor and Foreign Affairs Minister Wang Yi has reiterated his nation’s commitment to aid Africa’s development aspirations. FILE - In this Nov. 25, 2019, file photo, Chinese Foreign Minister Wang Yi, left, poses with his Japanese counterpart Toshimitsu Motegi for a photo prior to a meeting in Tokyo. These Are The 44 Key And Emerging European Freight Hubs To Watch - Silk Road Briefing. 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. Notify me of follow-up comments by email. Notes: China has exponentially increased its ODI investments in global healthcare, equity investments and licensing during 2020. Our subscription service offers regular regulatory updates, 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. Chinese consumers have money and they want to buy although President-elect Joe Biden has stated the on! To prosperity in the coming decade, total import of goods into China is committed to environment-friendly development is. Legal, tax and accounting changes that affect your business Zhao Lijian Motegi and meet with Japanese Prime Yoshihide... Canada, Australia, and protect people ’ s development aspirations recovery of Chinese! Joe Biden has stated the US on Friday for its “ completely unreasonable demand. 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