Copyright © 2020 CGTN. Digital Silk Road is a priority area for BRI cooperation in the next stage. Wang Yi first conveyed a verbal message from President Xi Jinping to Prime Minister Yoshihide Suga and cordial greetings from Chinese leaders. China has a population of 1.4 billion and a middle-income group exceeding 400 million. Your email address will not be published. How a US backed 5G network can interface with a Chinese one remains to be seen. Our comments on the CPTPP and RCEP free trade deals China has signed can be found here and here. Our subscription service offers regular regulatory updates, 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. 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. Kevin Rudd, President of the Asia Society Policy Institute and former Prime Minister of Australia. Security issues in Libya and the situation in Iran were key items on the agenda at several of the meetings, according to news reports. Vaccines are the focus of international cooperation for the next stage. 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. In the coming decade, total import of goods into China is estimated to top 22 trillion US dollars. It links 11 countries, including Singapore, Canada, Australia, and Japan. But it … Chinese Foreign Minister Wang Yi will meet Japanese Prime Minister Yoshihide Suga, marking Beijing's first high-level contact with Japan's new leader. China's Foreign Minister Wang Yi. He is a distinguished diplomat who has served in Japan, and worked for many years in the Asian Department of the Ministry of Foreign Affairs. 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. 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. The high-quality development of the Chinese economy will provide stronger impetus and create broader space for high-quality Belt and Road cooperation.”. Posted : 2020-11-17 16:55. 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 trend that will continue. 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. As the virus is still rampaging globally, countries face a daunting task of COVID-19 containment. We have coordinated pandemic response measures, shared information and diagnostic and therapeutic experience, and provided each other with urgently needed medical supplies. External links. 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. 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. The meeting was chaired by the European Union (EU) High Representative for Foreign Affairs and Security Policy Josep Borrell. The world today is going through a pandemic and global changes, both unseen in a century. 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. Wang said China will continue working with Africa and ensure that the existing partnership will lead to prosperity in the continent. With global industrial and supply chains disrupted and international trade and investment contracting, the world economy slipped into recession. After the … “President Xi Jinping has proposed making the Belt and Road a model of cooperation, health, recovery and growth. and grow their operations. Minister Wang Yi has urged the US to change its strategic perceptions of China in 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. 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. 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). They will contribute to vaccine accessibility and affordability in developing countries and deliver benefits to BRI partners. Unilateralism and protectionism have been on the rise. businesses establish, maintain, In the message, Wang Yi … 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. Chinese Foreign Minister Calls for ‘Smooth Transition’ of Sino-U.S. Relations - Urging removal of ‘disruptions and obstacles,’ Wang Yi seeks to pave the … China will make vaccines a global public good when they become available for deployment. 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. 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 … A growing China will help drive global growth more strongly and make greater contributions to global economic recovery. Issues related to technology have been politicized by certain countries who are attempting to preserve their monopolistic position in high tech areas. Dezan Shira & Associates helps Such moves are not constructive. He has been serving as Foreign Minister since March 2013. All this is testimony to China’s firm commitment to free trade.”. 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. He was made a State Councilor (replacing Yang Jeichi who joined the Politburo) in March 2018. Wang said China will continue working with Africa and ensure that the existing partnership will lead to prosperity in the continent. Chinese Foreign Minister Wang Yi may visit Korea . Your email address will not be published. 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. The paradigm is aimed at promoting mutual openness and mutually reinforcing development between domestic and international circulations. 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. Op/Ed By Chris Devonshire-Ellis . Further comments about this can be seen here. 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). Wang has essentially said that “Chinese consumers have money and they want to buy. 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. Chinese Foreign Minister Wang Yi said the China-U.S. relation reache... d an important moment to shape the future. “As we speak, world economic recovery is still facing many uncertainties. The meeting was chaired by the European Union (EU) High Representative for Foreign Affairs and Security Policy Josep Borrell. On November 25, a large number of people gathered outside the official residence of Japanese Prime Minister Yoshihide Suga to protest the visit. 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. https://bit.ly/2WtDDqq See More China announced green standards for BRI projects would be implemented with immediate effect earlier this month. Save my name, email, and website in this browser for the next time I comment. Chinese Foreign Minister Wang Yi may visit Japan as early as next month for meetings with Prime Minister Yoshihide Suga and Wang’s counterpart … 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. 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. For BRI partners, our immediate priority is to defeat the virus through solidarity and cooperation. He is the first serving Foreign Minister to also be on the State Council. Notify me of follow-up comments by email. “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. The Belt and Road Initiative is now 75% in place, and China’s attitude towards ODI and developing China as a consumer society is now changing and already underway. Wang Yi has been with the Ministry of Foreign Affairs for most of his career. FILE PHOTO: Chinese Foreign Minister Wang Yi wearing a face mask following the coronavirus disease (COVID-19) outbreak attends the opening session of … These Are The 44 Key And Emerging European Freight Hubs To Watch - Silk Road Briefing. 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. 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. On December 21, 2020, State Councilor and Foreign Minister Wang Yi attended a video conference of foreign ministers on the Iranian nuclear issue. Sorry, your blog cannot share posts by email. He was made a State Councilor (replacing Yang Jeichi who joined the Politburo) in March 2018. Visiting Chinese State Councilor and Foreign Minister Wang Yi (R) meets with former Japanese Prime Minister Yasuo Fukuda in Tokyo, Japan, Nov. 25, 2020. 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. 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. 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. The BRI is an initiative that is completely open and above board. 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. seven years in the making – soon, according to Chinese Foreign Minister Wang Yi, who met ambassadors from the 27 EU nations in Beijing on Monday. Wang, who … On November 25, a large number of people gathered outside the official residence of Japanese Prime Minister Yoshihide Suga to protest the visit. Handling and processing China-Europe freight is a major opportunity for logistics businesses, and especially those processing digital data and intelligence across borders. 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. At the annual large-scale press conference, President Putin emphasized the establishment of a high degree of mutual trust and profound fr The metro train in Lahore, a project under the China-Pakistan Economic Corridor, is now open to traffic. 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 Wang Yi lashed out at the US on Friday for its “completely unreasonable” demand to reimpose sanctions on Iran. To make the Belt and Road a model of cooperation, we need to promote openness and win-win cooperation. including the most recent legal, tax and accounting changes that affect your business. Our cooperation has played an important role in helping countries fight the virus, stabilize the economy, and protect people’s livelihoods. 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. Chinese State Councilor and Foreign Affairs Minister Wang Yi has reiterated his nation’s commitment to aid Africa’s development aspirations. Come and sell to them.”. International logistics is facing an imbalance in supply and demand. Required fields are marked *. On December 21, 2020, State Councilor and Foreign Minister Wang Yi attended a video conference of foreign ministers on the Iranian nuclear issue. 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. Notes: Wang emphasizes the need for continuing development of green solutions, underlining China’s recent statements it intends to cease carbon emissions by 2060. The life, safety and health of people around the world are under threat. It has followed the principles of openness, inclusiveness and transparency, and of extensive consultation, joint contribution and shared benefits. 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. 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. 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”. 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. 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. 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. 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. 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. 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). Wang Yi was speaking through his translator after a meeting with Foreign Affairs Minister Stephane Dion in Ottawa. 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. A stream of new projects have been launched. 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. 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 ». In many ways, the future for China investments has never looked so good and the playing field to get into the market so attractive. Beijing ICP prepared NO.16065310-3, Chinese FM Wang Yi to visit Japan, S. Korea Nov. 24-27. China’s policies will spur another boom in FDI into China in the coming years. (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 … During his visit to Japan, Wang will hold talks with Motegi and meet with other Japanese politicians, said spokesperson Zhao Lijian. According to China Investment Research China’s spending in this sector has significantly increased in 2020. Chinese Foreign Minister reaffirms support for Africa’s development aspirations 3 min read. Chinese Foreign Minister Wang Yi may visit Korea as soon as Nov. 25, according to diplomatic sources. 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. "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. 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. Updated : 2020-11-17 17:23. In terms of unilateralism and protectionism, these are veiled criticisms of US Government policy, and especially the decision by the States to pull out of the CPTPP trade deal and raise tariffs on imported goods from China. Statements by Prime Minister Benjamin Netanyahu and Chinese Foreign Minister Wang Yi at the start of their meeting. 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. 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. 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. 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. 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. China will continue to deepen reform and expand opening-up. “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. China has joined the COVAX initiative led by the WHO. We have provided support and help to the best of our ability for COVID-19 response and economic recovery in many of our BRI partners. Otherwise, Wang is again critical of the US in the digital field, where China’s 5G technology has been banned from installations at the behest of the United States under the pretext of security issues. 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 … 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. 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. 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. Credit: AP On Friday, the Trump administration blacklisted more than 60 Chinese companies citing national security and human rights. Live: Chinese State Councilor and Foreign Minister Wang Yi delivers an address. Chinese State Councilor and Foreign Affairs Minister Wang Yi has reiterated his nation’s commitment to aid Africa’s development aspirations. Wang Yi said that China-Russia relations have maintained a high level and particularity. Stay Ahead of the curve in Emerging Asia. Wang … 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. Chinese Foreign Minister Wang Yi Proposes Four Suggestions on Iranian Nuclear Issue. China is expected to become the only major economy to register positive growth this year. That is probably an unsustainable position as inevitably competing technologies will need to talk to each other. It is a platform for economic cooperation, not a geopolitical tool. In the message, Wang Yi expressed his sincere sympathies to the Fijian government and people on their sufferings, indicated confidence that … 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. 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 … The momentum of steady recovery of the Chinese economy is good news for the world. (Kyodo) ==Kyodo. Wang … We provide excerpts of his speech and comments on these as follows. 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