Connect with us

Investment

Growing trade, investment flows now hallmark of BRI

Published

 on

Employees of China Railway No 8 Engineering Group Co undertake construction work inside a tunnel in Laos in September. [Photo/Xinhua]

Commerce between China, participating economies up by 1.5% to $1.01 trillion

Win-win cooperation and rising development opportunities have become the hallmarks of the Belt and Road Initiative-and ample proof can be found in the steady growth in trade and investment flows between China and the participating economies in the past seven years, experts said.

In the first three quarters of this year, China’s trade with BRI economies rose 1.5 percent to 6.75 trillion yuan ($1.01 trillion), according to the General Administration of Customs.

Particularly, trade with Vietnam and Turkey increased 18.5 percent and 17.1 percent, respectively. Corresponding figures for Poland and Thailand were 13 percent and 10.9 percent, respectively.

The surge in the number of China-Europe freight train trips signifies the strengthening economic and trade ties between China and BRI-related economies.

Despite the COVID-19 pandemic, more than 5,120 train trips were made on the route during the first half of this year, up 36 percent from a year earlier, according to China State Railway Group Co. By the end of September, the freight service operated 30,000 trains since its launch.

Goods trade between China and BRI economies went up from $1.04 trillion in 2013 to $1.34 trillion in 2019.

China’s outbound direct investment in BRI economies reached $117.31 billion during the period. By the end of 2019, ODI stock was $179.47 billion, or 8.2 percent of China’s total.

The growth of nonfinancial ODI in BRI economies was even more obvious in the first nine months of this year, surging almost 30 percent on a yearly basis to more than $13 billion, according to the Ministry of Commerce.

“It’s not a surprise at all that trade and investment activities between China and the BRI regions keep growing, and became a bright spot amid the global contraction in trade and investment activities this year, because the BRI propels trade and economic cooperation that lead to mutual benefits and development,” said Bai Ming, deputy director of international market research at the Chinese Academy of International Trade and Economic Cooperation.

The BRI has been attracting an increasing number of participants since its inception because it was founded on the principle of achieving shared growth through collaboration, he said.

Through the BRI, countries and regions are able to further tap each other’s potentials in trade and investment by exploiting advantages, maximizing strengths and overcoming weaknesses, he said.

Besides, there are a lot of sub-platforms under the framework of the BRI, which also contribute toward economic development of all the countries and regions concerned, he said, citing examples of China’s free trade agreements with other countries.

According to a CAITEC report, China had signed 17 FTAs with 25 countries by the end of 2019, and 12 more FTAs are likely to be signed or upgraded. The country signed an FTA with Cambodia in October.

It had signed 200 cooperation agreements with 138 countries and regions and 30 international organizations under the BRI framework as of May, according to a recent CAITEC report.

Besides, the BRI increasingly encompasses more than just transport infrastructure, moving into power generation and utilities, oil and gas pipelines, and telecommunications.

In addition, the BRI embraces social infrastructure like education, healthcare, software and innovation, according to a Deutsche Bank report published late last year.

Zhang Jianping, director-general of the China Center for Regional Economic Cooperation, which is part of the CAITEC, said China’s efforts to sign FTAs, double taxation agreements, multilateral/bilateral investment agreements, and information technology agreements, besides building a network of free trade zones, effectively facilitate trade and investment activities with BRI-related economies. Increased trade and investments will thus provide continuous development momentum to all the economies concerned.

Progress in BRI-related policy coordination, unimpeded trade, connectivity in facilities, financial integration, and people-to-people exchanges also boost inter-region trade and investment activities, he said.

Source link

Continue Reading

Investment

Cominar Real Estate Investment Trust Announces December 2020 Monthly Distribution – Canada NewsWire

Published

 on


QUÉBEC CITY, QC, Dec. 3, 2020 /CNW/ –  Cominar Real Estate Investment Trust (“Cominar”) (TSX: CUF.UN) announced today a distribution of 3.00 cents per unit to unitholders of record as at December 15, 2020, payable on December 31, 2020.

PROFILE AS AT December 3, 2020

Cominar is one of the largest diversified real estate investment trusts in Canada and is the largest commercial property owner in the Province of Québec. Our portfolio consists of 314 high-quality office, retail and industrial properties, totalling 35.8 million square feet located in the Montreal, Québec City and Ottawa areas. Cominar’s primary objective is to maximize total return to unitholders by way of tax-efficient distributions and maximizing the unit value through the proactive management of our portfolio.

SOURCE COMINAR REAL ESTATE INVESTMENT TRUST

For further information: Analysts and Investors: Sylvain Cossette, President and Chief Executive Officer, [email protected]; Antoine Tronquoy, Executive Vice President and Chief Financial Officer, [email protected], Tel: (418) 681-8151; Media: Sandra Lécuyer, Vice President, Talent and organisation, [email protected]

Related Links

www.cominar.com

Let’s block ads! (Why?)



Source link

Continue Reading

Investment

Chevron Slashes Long-Term Investment 27% Following Oil Slump – Yahoo Canada Finance

Published

 on


Initiative de journalisme local

Les rassemblements interdits à Noël

Le gouvernement du Québec est finalement revenu sur sa décision initiale et interdira les rassemblements à Noël. Cette décision est prise en raison de la propagation du virus de la COVID-19. «Ce n’est pas réaliste de penser que nous allons réussir à réduire la progression du virus de façon satisfaisante d’ici Noël», a mentionné le premier ministre François Legault lors du point de presse tenu le 3 décembre. Il a ajouté qu’il comptait sur le «sens des responsabilités» des Québécois pour respecter la décision annoncée. Des amendes pourront être remises à ceux qui contreviendraient à cette interdiction. Les mesures annoncées en novembre, telles que l’enseignement à distance dans les jours qui précéderont et suivront le congé des Fêtes, ainsi que la réduction des activités des employeurs pendant cette période, seront maintenues. M. Legault souhaite que la province soit dans ses «meilleures dispositions possibles pour janvier afin de briser la vague». «On focalise beaucoup sur Noël et les rassemblements, mais je pense qu’on doit se pencher sur ce qui se passe dès maintenant, note Dr Horacio Arruda, directeur national de santé publique. Les chiffres sont assez alarmants pour qu’on doive appliquer les consignes à vigueur. Si on attend pour le confinement de Noël, on ne fera pas les gains nécessaires. Il faut que les cas baissent au maximum pour épargner notre système de santé.» Rappelons que le «contrat moral» proposé le 19 novembre permettait aux familles de se réunir lors de deux rassemblements du 24 au 27 décembre. Celui-ci était toutefois conditionnel à l’évolution de la pandémie et à la hausse des hospitalisations liées à la COVID-19. Avec un bilan de 11 823 personnes testées positives à la COVID-19, Laval a connu une hausse de 135 cas en 24 heures. Le total de décès depuis le début de la pandémie augmente à 728. Le Centre intégré de santé et de services sociaux de Laval cumule également 10 298  guérisons, ce qui signifie qu’il y a désormais 797 cas actifs confirmés (-37) sur le territoire lavallois. Parmi les personnes touchées, 26 sont hospitalisées, dont 8 aux soins intensifs. 26 employés de l’organisation de santé sont toujours absents du travail en raison de la COVID-19. Cinq résidences privées pour aînés (RPA) de Laval sont présentement touchées par la COVID-19. Voici la liste complète de celles-ci : Par ailleurs, le Jardin des Saules a été placé dans la catégorie des RPA en situation critique en raison du taux d’infection. Au Québec, le bilan est maintenant de 146 532 cas et 7155 décès. Au total, 737 personnes sont toujours hospitalisées, dont 99 aux soins intensifs.Nicholas Pereira, Initiative de journalisme local, Courrier Laval

Let’s block ads! (Why?)



Source link

Continue Reading

Investment

Investing in Ontario's Tourism Industry During COVID-19 | Ontario Newsroom – Government of Ontario News

Published

 on


Ontario Newsroom | Salle de presse de l’Ontario

We’re sorry but Ontario Newsroom doesn’t work properly without JavaScript enabled. Please enable it to continue.

Let’s block ads! (Why?)



Source link

Continue Reading

Trending