Tag: china

  • NUJ, China sign MOU on training, others

    The Nigeria Union of Journalists (NUJ) and the All China Journalists Association (ACJA) yesterday signed a Memorandum of Understanding (MoU) to enhance technical support and training.

    NUJ President, Abdulwaheed Odusile after signing the MoU with the leader of ACJA delegation, Zhang Mingxin in Abuja said the development signals the reviving of the NUJ/ ACJA cooperation which had gone dormant for years.

    Explaining the importance of the partnership, Odusile said:

    “The bilateral cooperation will in addition promote the development of our two unions as skill shared and knowledge acquired will be deployed to meet our development goals in research and training.”

    Initiated around 2000/2001 with an exchanged of visits by both unions, he said the cooperation did not last due to some teething problems encountered.

    His words: “It is therefore a happy moment for me that I have this singular honor of superintending over this reawakening.

    “Last year, both unions took the bold initiative of reviving this bond which today is culminating into signing this historic document, an agreement which, for the first instance will last for four years and may subsequently be reviewed and endorsed for another mutually agreed term.

    “It is also instructive to add that this cooperation will open more channels of communication for both of us and help promote and strengthen integration.

    “It will also enable us to achieve greater degree of participation in international activities and expand such activities for growth.”

    The leader of ACJA delegation, Zhang Mingxin, said the signing of the Mou is a welcome development because it will help foster growth.

    Mingxin appreciated media houses visited so far adding that ACJA will establish regular relationship with media houses.

    Several benefits, he noted have been recorded between Nigeria and China.

    His words: “Signing the MoU can only generate and foster good will between the two countries. It is an important step.”

    The Chinese delegation was made up of a lady and four other men.

  • South Korea to attend China’s Silk Road summit amid rift

    South Korea has accepted invitation from China to attend the new Silk Road conference, days after new president took office in Seoul pledging to engage in discussions with Beijing to ease tension over U.S. anti-missile system.

    “Chinese President Xi Jinping extended the invitation to the Belt and Road conference in Beijing during a telephone call with new South Korean President Moon Jae-in, Moon’s spokesperson, Yoon Young-chan, told a briefing on Friday.

    Ties between South Korea and China, who are important trade partners, have been strained by Seoul’s decision to host a U.S. Terminal High Altitude Area Defence (THAAD) anti-missile system in response to a growing missile threat from North Korea.

    China has protested against the deployment saying the system’s powerful radar can probe deep into its territory, undermining is security, destabilising the regional security balance and doing little to deter North Korea.

    Leaders of 29 countries and senior officials from many more gather in Beijing on Sunday for to discuss Xi’s initiative to expand trade links between Asia, Africa and Europe through billions of dollars in infrastructure investment.

    However, not until Thursday, South Korea had not been invited.

    “Moon will send a delegation headed by Park Byeong-seug, a veteran member of parliament and a senior official of Moon’s liberal Democratic Party.

    “Chinese Foreign Ministry spokesman Geng Shuang, asked whether China could discuss other issues with Park like THAAD, said his visit was “mainly” to attend the Belt and Road forum.

    “During the telephone call, Moon told Xi that he “understands China’s interest in the THAAD deployment and its concerns”, Yoon said.

    Moon also spoke to Xi about the difficulties faced by some South Korean companies doing business in China facing discrimination in retaliation for the THAAD deployment.

    China denies it has done anything to hurt South Korean businesses.

    “Park, the Member of Parliament heading the delegation, has been mentioned in South Korean media as a strong candidate to be Moon’s special envoy to China.

    “The Belt and Road initiative has been used by Xi to help showcase China as an open economy, although many diplomats and business groups have been skeptical about China’s aims.

    “North Korea, which considers China its sole major diplomatic ally and economic benefactor, is also expected to send a delegation to the two-day meeting in Beijing,’’ the Chinese Foreign Ministry said.

  • China conducting extensive espionage against Australia

    China is conducting extensive espionage against Australia, Australia’s most senior defence department official said on Friday, in a rare public accusation against its largest trading partner.

    Chinese spying on Australia has been the subject of much speculation by analysts but senior government officials have largely steered clear of making public complaints.

    “It is no secret that China is very active in intelligence activities directed against us. It is more than cyber,” Dennis Richardson, secretary of the Defence Department, said in a speech in Canberra.

    Questions about China’s involvement in Australia arose in 2015, with the lease of a commercial and military port in the northern city of Darwin to a Chinese firm said to have close ties to China’s military.

    The deal sparked a backlash over the security implications and drew a rebuke from U.S. government officials.

    Australia has blocked several notable infrastructure bids made by Chinese companies since then.

    While authorities do not release details of their reasons for rejecting bids, Richardson said Chinese spying was a major factor in government decision-making.

    Chinese foreign ministry spokesman Geng Shuang said he was not aware of Richardson’s comments, but said China would prefer to see Australian officials working to improve cooperation.

    “We hope that relevant people on the Australian side can say more things that can benefit the development of China-Australia relations, do more to benefit the deepening of cooperation, and not make irresponsible comments,” Geng told a daily news briefing.

    In April, Australia and China agreed that neither country would conduct or support cyber-enabled theft of intellectual property, trade secrets or confidential business information following talks between their leaders.

    Australia recently appointed David Irvine, former director of its domestic spy agency, as chairman of its foreign investment advisory committee, which advises on the government on offshore transactions.

    Irvine’s appointment came a few months after Australia created an infrastructure body that will, among other functions, check whether foreign-led bids for key assets, including power grids and ports, could pose any national security risks.

    Richardson said China’s covert activity in Australia extended into the ethnic Chinese community and media.

    “The Chinese government keeps a watchful eye inside Australian Chinese communities and effectively controls some Chinese-language media in Australia,” said Richardson.

  • China/Africa trade investment ‘off to a flying start’ in 2017

    China’s trade with African countries rose nearly one-fifth in the first quarter from a year earlier, while its direct investment in the continent soared 64 percent, the Chinese commerce ministry said on Thursday.

    Sun Jiwen, spokesperson at the ministry said trade cooperation between China and Africa is “off to a flying start” in 2017, thanks to policy benefits from a cooperative framework laid down by the Chinese and African leaders in South Africa in 2015.

    China has a relationship with Africa which pre-dates its current resource-hungry economic boom.

    In previous decades, China’s Communist leaders supported national liberation movements and newly independent states across the continent.

    Chinese President Xi Jinping announced plans to plough 60 billion dollars into African development projects at a summit in Johannesburg in 2015, saying it would boost agriculture, build roads, ports and railways and cancel some debt.

    Sun said China’s total trade with Africa rose 16.8 per cent to 38.8 billion dollars in the first quarter, its first quarterly increase on a yearly basis since 2015.

    “That’s mainly thanks to a 46 per cent year-on-year jump in imports from Africa in the first quarter with agricultural imports rising 18 per cent, while Chinese exports recorded a smaller fall of one per cent from a year earlier,” Sun said.

    China’s non-financial direct investment to the continent also jumped 64 per cent in the quarter, as countries such as Djibouti, Senegal and South Africa all saw a more than 100 per cent rise in the quarter.

    China’s growing investment in the region is also likely to have been buoyed by its ambitious global trading strategy known as the Belt and Road Initiative, which appeared to be gaining traction recently, particularly in parts of East Africa where major infrastructure and defence projects are being built.

    China’s trade relations with African countries are often dominated by big natural resource deals, triggering criticism from some quarters that China is only interested in the continent’s mineral and energy wealth

    Africans broadly see China as a healthy counterbalance to Western influence but, as ties mature, there are growing calls from policymakers and economists for more balanced trade relations.

  • China receives 138 million tourists

    Mr Jack Wang, a member of the China International Travel Service(CITS) on Tuesday announced that the Chinese tourism sector received about 138 million tourists in 2016.

    Wang told the News Agency of Nigeria (NAN) in Guangzhou City of Guangdong Province of China, that the Chinese tourism sector was currently booming.

    The tour guide, with a working experience spanning about 40 years, said that local and international tourists were currently being attracted to China’s scenic sites and ancient monuments.

    According to him, the number of in-bound tourists to Guandong Province alone in 2016 was 33 million.

    “There is currently an increasing number of local and international tourists to the various well-developed scenic sites across Provinces and Cities in China.

    “China’s tourism sector is now really booming. And this is really contributing to the growth of China’s economy today.

    “In 2016 alone, available statistics have showed us that China received about 138 million in-bound tourists from different parts of the world.

    “In Guandong Province, where I have been operating for the past 40 years, about 33 million tourists were received in 2016,’’ he said.

    Wang said that the increasing number of tourists to China had continued to have multiplier effects on the operations of Hoteliers, transport operators, caterers and souvenir makers and sellers.

    The tourists’ management expert also said that the thriving Chinese tourism sector was currently providing means of livelihood and job opportunities to Chinese nationals.

    He disclosed that there was currently a growing trend among the Chinese of taking time out of their busy schedules to engage themselves, their families and friends in local tourism.

    Wang said that during the celebration of the Chinese New Year and Chinese festivities, millions of Chinese at home and abroad had cultivated the habit of visiting the different ‘panoramic sites.

  • FG tasks diaspora on national development

    The Federal Government has tasked Nigerians in the diaspora on the need to assist the country attain economic and technological development.

    Minister of Science and Technology, Dr Ogbonnaya Onu, said at the ministry’s Investment Forum in New York, organized for Nigerians, that the diaspora had a lot to contribute to the country.

    “Our visit to New York is to get our people in the Diaspora to think home, just imagine what other nations diaspora have been able to achieve for them.

    “If we look at India, there is no way India would have attained the level of development that it have attained today; India is orbiting Mars.

    “India is a space power, India is a nuclear power. India could never have achieved this level without the contributions of her citizens in the Diaspora; the same way China.

    “So we believe that Nigerians in the diaspora, through NIDO (Nigerians In Diaspora Organization) United States, NIDO Worldwide, should be in a position to help our nation.

    “To move from the position we are today to the position where we can be the truly great nation that nature has destined us to be.

    “And what that means is that we are now, that we’ve come to our Nigerians in the diaspora, to now look at the researches that we have already conducted in the country.

    “These researches, we’ve taken all the risks that you need to take if you were to do it yourself.”

    Onu disclosed that the Federal Institute of Industrial Research, Oshodi (FIIRO) has about 250 products that they have taken up to commercialization level.

    “If we had enough venture capital, there would be people who would come, chasing after these products because that is the easiest way to make money.

    “But we would prefer to hand over this research not even as a partner; you enter into an agreement whereby there would be some fees – the normal license fees.

    “If it is a Nigerian company, we would be very happy to do so because this company will come, establish the facility in Nigeria and be in a position to now hire Nigerians.

    “It will also be in a position to help grow our Gross Domestic Product for the whole country and then you as a Nigerian, you will be making money and you pay more tax to government.”

    Onu said the task of developing Nigeria had now become an urgent one, particularly with science and technology at the livewire of the development.

    He promised to protect the intellectual property so that no other person would come to lay claim to ownership.

    Some diaspora Nigerians commended the ministry and its agencies for their research breakthroughs and called for transparency and removal of bottlenecks in government businesses to aid investment.

     

  • Nigeria-China trade volume hits $10b

    The total trade volume between Nigeria and China for the first quarter of this year has hit $10billion but while China’s is surplus, Nigeria’s is deficit, the Chinese Foreign Trade Centre has said.

    Speaking through the Centre’s Deputy Director-General and China’s Import and Export Fair Secretary General, Xu Bing, yesterday, at the concluding ceremony of the 121st session of the Canton Fair in Guangzhou, China, he said 1, 531 Nigerian businessmen visited the fair, being the second largest visitors next to Egypt.

    The event attracted 200,000 buyers from 210 countries of the world. There were 24,000 exhibitors at the Fair.

    According to him, there is great cooperation potentials between Nigerians and the Canton Fair, which exhibition it hopes to bring to the Nigeria soon.

    The Fair, which holds biannually on April 15 and October 15, is the second largest import and export market in the world, contributing $2.1 trillion to the Chines gross domestic product (GDP).

    It is organised by the China’s Central Bank as a comprehensive form of export of small and medium size Chinese merchandise and products.

    Bing said: “This is our own way of contributing and promoting an open world policy to the world and drive its implementations.

    “That is why over the years, the fair has never been halted since inception, including during the SARS, disease outbreak in 2003.”

  • Counterfeit products: Count us out, says China

    The Chinese Government has debunked claims by some Nigerian businessmen that it dumps fake and substandard goods in their market.

    Rather, the Asian citizens accused Nigerian business men of insisting that quality specification be reduced to reduce cost when they want to import products from them.

    The Organising Committee of China International Auto Products EXPO (CIAPE) Vice Chairman, Mrs. Zhang Yazhu, who stated this, urged the Federal Government to put policies in place to bar importers from asking for and importing low quality goods.

    He spoke in Lagos at the Lagos Chamber of Commerce & Industry (LCCI) and Nigeria- China Auto Parts Economic & Trade Seminar & Business Matchmaking Meeting.

    She expressed regrets over the dubiousness of a majority of importers who she accused of rubbishing the name of her country for business.

    She said when the goods were imported what the public would know is that they were worthless.

    According to Yazhu, Chinese businessmen love money just like their Nigerian counterparts and may be lured into making quick money due to the pressure of quick gain.

    She, however, said Chinese products were sold all over the world without complaints of sub- standardisation.

    She, therefore, urged policy makers to embark on advocacy that would encourage importers to act with good conscience as far as the lives of their citizenry were concerned.

    She said: “We have big and reliable manufacturers in China recognised by our home government, but if a Nigerian importer decides to buy from the streets, the Government of China will not be held responsible for buying poor quality goods.

    Yazhu said the essence of the expo was to showcase reliable manufacturers from China. “My argument and sincere advice is that Nigerians should stop asking our manufacturers for lower quality goods.

    “The Chinese auto parts market is growing in leaps and bounds and we have even gone past that to engage in energy cars. As a country with a huge population, we are happy doing business with Nigeria but their business men must play by the rules,” she said.

    Advisory Partner & Chief Economist, PriceWaterHouseCoopers (PWC), Dr. Andrew S. Nevin, said Nigeria could be a top car manufacturer if the right policy was in place. He regretted that over 86 per cent of cars sold last year in Nigeria were second hand.

    Nevin urged that the gap between cars made outside Nigeria and those  inside it be bridged, noting that it is the only way the economy would grow. He regretted that South Africa with smaller population has a thriving car industry unlike in Nigeria where used cars are the order of the day.

    On why the auto sector is not developed, Nevin attributed it to lack of an effective auto finance system. He regretted that 87 per cent of cars sold locally were sold in cash, while only a miserly 17 per cent of the cars are financed, especially for those who work in blue chip companies.

    While stressing that no economy could grow without basic structures in place, Nevin said: “There is the need to check the uncontrolled dumping of Tokunbo cars in the country in addition to the importers paying the right duties for imported cars.

    “The government should also work on the structuring of auto parts to ensure strategic distribution and marketing that will ensure that only genuine products are sold unlike the current situation where counterfeit products are passed as genuine parts.”

    Nevin said Nigeria could become a car hub where various brands of cars were manufactured in five years, if the right policies were in place and implemented.

    A Chevrolet brand importer, Mr. Gabrial Omowunmi, narrated his experience on his first visit to China. He said he was apprehensive as he thought every Chinese product was fake. He, however, said that to his dismay, his Chinese partners complained that it is only Nigerians and Angolans that insisted on their producing fake and substandard products.

    Omowunmi advised that stricter measures be put in place for imported products to ensure that quality goods are imported, especially now that there is recession.

    Earlier, LCCI President Mrs. Nike Akande said the auto and allied products sector was crucial to economic growth.

    She observed that over 90 per cent of the haulage of goods and the movement of persons were done through road transportation. She, therefore, canvassed the revitalisation of the railways.

  • Nigeria, others to enjoy China’s zero tariff for imports 

    Nigeria, Congo-Brazzaville, and Ethiopia, among others, are to enjoy zero tariff set by the Chinese Government for imported products from the African continent, China’s Deputy Director-General, Department of Africa Affairs, in the Ministry of Finance, Ambassador Dai Bing, has said.

    He added that Nigeria and other beneficiary African countries would enjoy several poverty alleviation programmes under the Chinese intensive development programme for the African continent.

    Dai stated that under the programme, China started with four provinces: Shantou; Chenzhen; Xiamen and Zhuhai. He said if the succeeds, it can expand to other areas, but if it doesn’t, the negative effect can be curtailed. “We have chosen some African countries for industrial cooperation namely Nigeria, Congo-Brazzaville, Ethiopia and others,” he said.

    The Chinese envoy added that China already has a 10-point action plan for and with Africa. They are industrialisation, agriculture modernisation, infrastructure, financial services, and development.

    Other include trade and investment facilities (which will centre mostly on promotion of African trade in China); poverty alleviation (Dai made reference to China’s poverty alleviation programme, which he said has already taken 730 million people out of poverty, with only 50 poor people remaining.

    According to him, China also hopes to get rid of poverty in Africa in five years and hopes to share its experience in poverty alleviation with Nigeria. He said in the area of public health, China has good medication for malaria eradication, which Nigeria can benefit from.

    With regards to the Forum of China and Africa Cooperation (FOCAC), Dai said that the 10 action plan was closely linked with Africa’s 2063 development agenda, which the country has already keyed into. He said this was agreed at a summit in Johannesburg, South Africa, in 2015.

    “At the summit, our President announced the 10 point agenda plan between China and Africa. And this 10 point cooperation plan has closed relations with your agenda 2063. We have started deeply on the 2063 agenda. We know the priority and the directions of the African continent,” Dai stated.

    He noted that in China’s cooperation plan, the priority was industralisation and agriculture, which are also the African continent’s priority. “The Chinese Government also promised $60 billion as supporting fund for our cooperation.

    “This $60 billion funding support is not only the cash. So, in this $60 billion, only $5 billion is used for non -interest loans; or $8 billion for the next three years. They are based on an all -beneficial principle, to help African countries promote their living standards and capability-building,” he explained.

    Dai said the other $35 billion is a beneficial loan; $20 billion is for capital projects. The money will be invested in sustainable development of infrastructure and assistance in Africa to help improve their business environment.

    “We are here to learn two principles; the first principle is that any country that wishes to absorb any foreign investment must have sound funds and complete laws and regulations and fair environment for law enforcement, which would ensure that investors feel safe.

    “It must have beneficial/proficient policies to ensure investors feel pleased to make profit. It must have light efficient and practical one-stop government services to make investors feel comfortable…” he said.

  • China-Nigeria trade volume hits $10bn

    China-Nigeria trade volume hits $10bn

    The total trade volume between Nigeria and china for the first quarter of this year has hit $10bn; wherein china is surplus and Nigeria deficit, says Chinese Foreign Trade Centre.

    The Centre’s Deputy Director General and China’s Import and Export Fair Secretary General, Xu Bing, Thursday, disclosed this at the concluding ceremony of the 121st session of the Canton Fair in Guangzhou, China.

    No fewer than 1, 531 Nigerian businessmen visited the fair, being the second largest visitors next to Egypt.

    The event attracted 200,000 buyers from 210 countries of the world.

    There were 24,000 exhibitors at the Fair.

    According to him, there is great cooperation potentials between Nigerians and the Canton Fair, which exhibition it hopes to bring to the Nigeria soon.

    The Fair, which holds biannually on April 15 and October 15, is the second largest import and export market in the world, contributing $2.1tn to its national GDP.

    It is organised by the China’s Central Bank as a comprehensive form of export of small and medium size Chinese merchandise and products.

    Bing said: “This is our own way of contributing and promoting an open world policy to the world and drive its implementations.

    “That is why over the years, the fair has never been halted since inception, including during the SARS, disease outbreak in 2003.”