Get Quote

BOHAO ENTERPRISE CO., LTD

News

  • In the era of RCEP, manufacturing enterprises need to choose the right sea route
    After the signing of the RCEP agreement, Chinese manufacturing enterprises will surely make considerable progress under the new framework.On January 26, the Trade Promotion and Exchange Center of China Council for the Promotion of International Trade (CCPIT), together with relevant institutions, held an online training session on RCEP to help Chinese small and medium-sized manufacturing enterprises' export, to encourage Chinese manufacturing enterprises to use RCEP to go abroad. "The first step is to evaluate the current market."Shi Yiming, the responsible person of Made in China, explained to the participating enterprises how to export well under the RCEP agreement through the interpretation of global macro market and the panoramic analysis of RCEP market.Based on the global market environment, Shi believes that the future global trade market will form three systems.The first is the global landscape.All global communities have been developed step by step based on the background of globalization. In the future, either the WTO will continue to reshape the world order, or a new order will be established with large trade agreements as the core, such as CPTPP.The second is the anti-globalization pattern.Exit the TPP British European, America, India didn't join the RCEP, it can be seen compared to multilateral talks, bilateral or small range of negotiating lower cost and easier to perform, so the world is likely to be more depends on small of bilateral trade agreements, form some small circle and began slowly to reverse the globalization, it is a kind of pessimistic forecasts.In the middle case, globalisation may degenerate into semi-globalisation or countries may set up their own trading circles. Most people think of the RCEP mainly because it accounts for nearly 30% of the world's population and the global economy, but it is more important to see the huge differences between its member states.According to Shi, in terms of per capita GDP, Australia has the highest per capita GDP of US $60,000, while Cambodia, a member of the 10-nation Association of Southeast Asian Nations (ASEAN), has the lowest per capita GDP of US $1,000. The gap between these two countries is 60 times.Since the market situation is different in different countries, Chinese enterprises should also pay attention to the "specialization" in the choice.Asean has replaced the US as China's largest trading partner, Shi said, noting that China's demographic dividend is no longer due to rising production costs, an aging population and the loss of its workforce.However, these countries, led by ASEAN, are well positioned to undertake China's industrial transfer and accelerate China's international production capacity cooperation in the manufacturing sector.Australia, which is also a member country of RCEP, is rich in resources. Chinese enterprises can process these resources and sell value-added products to ASEAN for resource integration. However, they should pay attention to the judgment of the origin of import and export goods. "Enterprises can choose overseas markets based on two dimensions: the country's population and its average GDP."As a result, more attention should be focused on Japan, Mr Shi said.In addition, what should be paid special attention to in RCEP is that China and Japan have reached tariff reduction for the first time, which is of constructive significance to China-Japan cooperation. Under the influence of the epidemic, cross-border e-commerce has played a huge role.Then how can cross-border e-commerce help manufacturing enterprises to export well under the framework of RCEP?First, you can leverage platform traffic.The era of digital marketing has arrived, and it is possible to establish business connections through online means.The second is to use SEO, SEM and social media for targeted promotion.Shi Yiming to China made network as an example, through SEO search engine optimization, users in China made network search related products, can provide high matching degree, strong relevance of the product page.At the same time, made-in-China has a million followers account on Twitter, which enables it to publish quality content and promote it, making it more convenient to contact overseas customers quickly and accurately.Third, don't forget the line.Overseas Warehouse is an important support for cross-border e-commerce enterprises to realize localized operation abroad. Enlisting in one RCEP member country through overseas Warehouse is equivalent to entering all countries in the region.Shi advised manufacturing companies to pay attention to the state's support policies in overseas warehouses.

    2021 01/29

  • The global trade in services has yet to recover
    Global trade in services fell 24 percent in the third quarter of 2020 compared with the same period in 2019, according to the World Trade Organization (WTO) on Wednesday. The decline was only slightly higher than the 30 percent drop in the second quarter of 2020, which was in sharp contrast to the strong rebound in goods trade.The data showed that global trade in services in November 2020 was 16% lower than the same period in 2019, with poor prospects for recovery as the second wave of the epidemic led many countries to adopt stricter blockade measures and restrictions on travel and related services will continue into the first quarter of 2021. The WTO noted that statistics support earlier expectations that the Covid-19 pandemic hit trade in services much harder than trade in goods, with global trade in goods falling by only 5% in the third quarter of 2020 compared with the same period in 2019.Travel continues to be the most affected sector of trade in services, with global travel down by 68% in the third quarter of 2020 compared to the same period in 2019. Other sectors of trade in services also saw declines, but computer services bucked the trend and grew by 9%, as global demand for computing services such as cloud computing continues to increase.

    2021 01/27

  • The World Trade Organization has ruled that US measures against South Korea are illegal
    The World Trade Organization (WTO) on Tuesday ruled that the US Department of Commerce violated WTO rules in conducting anti-dumping and countervailing investigations against some South Korean exports. According to the report, the US Department of Commerce failed to take into account the evidence submitted by the ROK in time in its four anti-dumping investigations and two anti-subsidy investigations, and used only "available facts" as the basis of the investigation, respectively violating the WTO's Anti-dumping Agreement and the Agreement on Subsidies and Countervailing Measures.At the same time, the panel rejected the South Korean side's accusation that the US had used "adverse available facts" as evidence in the investigation. According to the WTO Agreement on Subsidies and Countervailing Measures, in the course of countervailing investigation, if the party under investigation is unable to provide evidence, the investigation authority of the importing country can use the evidence already obtained to make a decision. Such evidence is called "available facts".The so-called "adverse available facts" refers to the US regulations that, when deciding to use the "available facts", if the investigative authorities also find that the party under investigation is not cooperating, they can determine that the missing information is detrimental to the party under investigation and then make a relevant ruling. In February 2018, South Korea filed a case at the WTO against some of the measures in a number of investigations by the United States into South Korean exports.The U.S. investigation involves some corrosion-resistant steel products, cold-rolled steel, hot-rolled steel and large transformers exported from the Republic of Korea. Under WTO dispute settlement procedures, if a party disagrees with the findings of the panel's report, it may request a review of the findings to the Appellate Body within 60 days of the report's release.But for now, the appellate body has stalled because of unilateral US obstruction.

    2021 01/25

  • ECLAC estimates that the region's exports to China will grow by 2 per cent in 2020
    The United Nations Economic Commission for Latin America and the Caribbean (ECLAC) on Tuesday released its preliminary report on the region's foreign trade in 2020, estimating that the region's exports to China will buck the trend by 2 percent in 2020. The report said that the rapid spread of the Covid-19 epidemic in 2020 and the measures taken by governments to prevent the epidemic have seriously hit international economic and trade activities. It is estimated that Latin America and the Caribbean will see a decline in exports by 13% and imports by 20% in 2020, which is the worst performance since the international financial crisis. The report estimates that exports within Latin America and the Caribbean will fall by 24 per cent in 2020, while exports to the US and the EU will fall by 14 per cent and 13 per cent respectively.Exports to China from the region rose 2 per cent, led by agricultural products, minerals and metals. Exports from Latin America and the Caribbean to China have continued to grow since March 2020, as the country has moved quickly to contain the epidemic and promote economic recovery, the report said. ECLAC had forecast that the Latin American and Caribbean region would contract by 7.7 per cent in 2020 and grow by 3.7 per cent in 2021.

    2021 01/25

  • Chinese companies help Chile promote electric mobility
    Chile's Ministry of Energy and the Ministry of Transport and Telecommunications jointly launched an electric taxi replacement project Wednesday, aiming to promote electric mobility.China's BYD Company won the bid and obtained the sole supplier qualification for the first phase of the project, supplying 50 pure electric vehicles for the project. The project will provide financing for taxi owners to trade in their cars for electric vehicles at a discount, as well as to buy and install home charging devices, Energy Minister Juan Carlos Hovette said at a news conference. Tamara Berrios, head of BYD's Chile operations, said the company hopes that by participating in the project, it can demonstrate the advantages of electric cars in environmental protection and cost reduction, continue to maintain its advantage in the local market and facilitate green mobility. In 2019, Chile proposed to achieve the goal of "carbon neutrality" by 2050, and developing electric travel is one of the important measures to reduce carbon emissions in Chile.

    2021 01/23

  • The central bank is soliciting public opinions to strengthen anti-monopoly supervision measures in the payment sector
    To guard against payment risks and promote the healthy development of the payment service market, the People's Bank of China (PBOC), together with other relevant departments, has drafted a draft of the Regulations on Non-bank Payment Institutions (hereinafter referred to as the Regulations), according to the PBOC's website on January 20.The Regulations encourage the principles of openness and competition, and establish a sound marketization mechanism in terms of institutional access and withdrawal, business rules and so on.At the same time, the Regulations strengthen anti-monopoly regulatory measures in the field of payment, clearly define the scope of the relevant market and the criteria for determining the dominant market position, and maintain the market order of fair competition. Preventing financial risks in the field of payment is an important link to prevent the occurrence of systemic financial risks.In June 2010, the People's Bank of China formulated the Measures for the Administration of Payment Services for Non-financial Institutions, which laid the regulatory foundation for non-bank payment institutions (hereinafter referred to as "payment institutions").In recent years, the payment service market has developed rapidly, innovation has emerged in an endless stream, risks are complex and volatile, and institutions face new requirements for exit and disposal, the central bank said.There is an urgent need to accelerate the introduction of Regulations, enhance the legal level of supervision of payment institutions, and further standardize the compliance operation of payment institutions. "The Measures for the Administration of Payment Services for Non-financial Institutions, as a departmental regulation, will be upgraded to the Regulations as an administrative regulation with a higher legal level and stronger deterrence, which will better regulate the payment and clearing market.""Said Dong Ximiao, chief researcher of Lianlian Finance and part-time researcher of Financial Research Institute of Fudan University. Specifically, the Regulations adhere to the concept of functional supervision.Emphasize that the same businesses abide by the same rules and avoid regulatory arbitrage and regulatory gaps.At the same time, we should combine institutional supervision with operational supervision.In accordance with the principle of "license first, license later", we will exercise institutional supervision over payment institutions, and at the same time exercise all-round supervision over their business operations and related transactions.Moreover, insist on penetrating regulation.We will strengthen supervision over access and changes to shareholders, actual controllers and ultimate beneficiaries. It is worth noting that the Regulations take preventing systemic financial risks as the bottom line and enrich the means of supervision.It is clear that the anti-monopoly regulatory measures in the field of payment should be strengthened, the scope of relevant markets and the criteria for identifying dominant market positions should be clearly defined, and the market order of fair competition should be maintained.According to the Regulations, if "a non-bank payment institution occupies half of the market share of the national electronic payment market", the central bank may consult the anti-monopoly law enforcement agency of the State Council to examine whether the payment institution has a dominant market position. Dong said the regulation and the anti-monopoly law are effectively aligned, giving the central bank the power to determine the monopoly of the payment service market, filling the gap in previous laws and regulations.The regulations in the aspect of antitrust and prevent capital sprawl detailed rules, is the central economic work conference, "strengthen anti-monopoly and prevent capital sprawl" spirit embodies, antitrust regulation helps strengthen the payment service market, maintaining fair market competition order, protect the legitimate rights and interests of market participation main body, promote health high quality payment service market development.

    2021 01/22

  • China and the Philippines have actively promoted cooperation in infrastructure construction
    The Department of Transportation of the Philippines recently signed a commercial contract with a Chinese company for the Subic-Clark Railway Project worth about US $940 million.The project is by far the largest inter-governmental cooperation project between China and the Philippines, and is also the flagship project of the Philippine government's "Great Construction, Special Construction" program. Located in central Luzon, the Philippines, the project is an important part of the island's planned rail network, connecting the Subic Bay Free Port Area and Clark International Airport, as well as connecting with the Philippine Northern Line.The Subic - Clark Railway is about 71 km long and is planned to extend to Clark New Town in the long term.The project, which mainly adopts Chinese standards, will be designed according to a single-track standard gauge freight railway and will take about 42 months to build.After completion, it will realize the multi-modal transportation of ports, railways and air in the economic core region of the Philippines, effectively improve the efficiency of logistics and transport, reduce logistics costs, and help unleash the economic development potential of the regions along the route.The Chinese embassy in the Philippines said the project would be financed by China.In the next step, China and the Philippines will negotiate a loan agreement for the project. In April 2017, the Philippine government launched the "Build, Build" plan, which is expected to invest 8.4 trillion Philippine pesos (US $174.8 billion) in infrastructure development over six years.The construction projects cover roads, Bridges, airports, railways, ports, flood control facilities, etc.As the joint construction of the "One Belt And One Road" and the "Great Construction and Special Construction" plan have been fully aligned, a number of Chinese companies have participated in the infrastructure construction of the Philippines, and the cooperation projects between the two governments are also making steady progress. On January 14, the Ministry of Public Works and Highways of the Philippines signed a commercial contract with a Chinese company for the Davo-Samar Island Bridge project.Located in the southern Mindanao region, the project plans to build a cross-sea bridge across the Bakiputan Strait, connecting Davao City, the country's third largest city, with the island garden city of Samar.The 3.86km-long bridge, with a two-way four-lane design, will significantly shorten the travel time between the two places.Mark Vera, Minister of Public Works and Highways of the Philippines, said that after the completion of the project, it will effectively promote people-to-people exchanges between the two places. It is estimated that 25,000 people will travel between the two places every day, which will further exploit the local economic resources and tourism potential and promote the development of people's livelihood. In the first 11 months of 2020, China's non-financial direct investment in the Philippines increased by 263% year on year, and a number of large-scale investment projects are stepping up.Chinese Ambassador to the Philippines Huang Xilian said that in the face of the impact of the epidemic, China and the Philippines have actively shared experience in resuming work and production, continued to promote personnel and goods exchanges, and pragmatic cooperation has shown new highlights.According to a recent article in the Manila Standard, the joint construction of the "One Belt And One Road" has helped the Philippines improve infrastructure conditions such as railways, water conservancy and Bridges, and the Philippines-China comprehensive strategic cooperative relations have been further deepened.

    2021 01/21

  • Upgrading business models and strengthening weak links will promote the high-quality development of cross-border e-commerce
    China will be the only major economy in the world to achieve positive growth in trade in goods by 2020, thanks to the contribution of new forms of foreign trade such as cross-border e-commerce.The total value of China's imports and exports of goods in 2020 was 32.16 trillion yuan, up 1.9 percent from 2019, among which cross-border e-commerce imports and exports were 1.69 trillion yuan, up 31.1 percent, of which exports were 1.12 trillion yuan, up 40.1 percent, the data showed. In response, Li Kuiwen, spokesman of the General Administration of Customs and director of the Statistics and Analysis Department, said: "In 2020, China will show strong resilience and comprehensive competitiveness in the face of unprecedented difficulties and challenges.Going forward, the customs will continue to focus on the development of new business forms and the concerns of enterprises, and continue to promote the high-quality development of new business forms of cross-border e-commerce." "In recent years, China's cross-border e-commerce has developed rapidly. Statistically, it has exceeded the overall growth rate of foreign trade, indicating the strong momentum of cross-border e-commerce development.Looking ahead, there are still many opportunities for the development of cross-border e-commerce."Hu Qimu, a senior researcher at Digital Economy Think Ttank, said that the Covid-19 epidemic has changed the buying habits of many consumers. Online consumption has replaced traditional offline shopping, bringing huge market dividends to cross-border e-commerce.With the signing of RECP and China-EU Investment Agreement, cross-border e-commerce will gain greater development opportunities with the improvement of China's foreign trade environment.In the process of building a new development pattern of double cycles, cross-border e-commerce will be further strengthened with the development of domestic consumer market, especially the construction of consumption nodes, and the improvement of relevant supporting mechanisms of domestic free trade zones. The data of enterprises in the industry also confirms the hot development of the industry.Dunhuang, a B2B export platform for cross-border e-commerce, has revealed a compound revenue growth rate of more than 60% for three consecutive years.In overseas "black five" "network" shopping season as an example, the traditional dunhuang net 2020 "black five" during the "net" big promoting turnover of record platform was set up for 16 years, over 35% of the merchandise category double year-on-year, commodity categories of more than 50% of the annual highest, in French, Spanish market at the same time also reached the highest single site."With a huge market space and high potential, cross-border e-commerce will attract more capital and technology investment in the future, which is good for the industry," said Wang Shutong, founder and chairman of Dunhuang. In addition, some new trends in the development of cross-border e-commerce deserve attention. Independent stations and DTC have become hot words in the industry, and all kinds of third-party overseas warehouses have sprung up like mushrooms.For the majority of small, medium and micro enterprises with weak anti-risk ability, during the epidemic period, cross-border e-commerce platform integrating trade and service has become an important choice to expand overseas business. "Based on the data feedback from Dunhuang Network, we have increased the layout of overseas warehouses in Spain and Poland along the China-Europe Railway.By the end of 2020, the overseas warehouse sales business has accounted for 80% of the company's total volume, and the sales volume of this part of the product will increase more than threefold."Michael, the seller of outdoor cycling supplies in Dunhuang website, said, "the logistics time of the company has achieved a jump from about a month to 7 days or even 1 days. The service experience of buyers and store praise rate have increased directly, and the logistics cost has been saved by 20% at the same time." Similar to the development trajectory of domestic e-commerce, the booming development of social networks such as Facebook, Instagram and TikTok has spawned a large number of web celebritys and "baggers", while the home scene under the restriction of the epidemic has further accelerated the online, fragmented and diversified shopping channels and purchasing habits of overseas consumers.Wang Yiliang, general manager of Dunhuang Myyshop Business Division, said: "In the future, decentralization is the trend of the development of e-commerce, and it is necessary to seize the incremental market." However, from the current situation, there are also some prominent problems in the development of cross-border e-commerce. "First, there is a huge gap in cross-border e-commerce, which restricts the improvement of cross-border e-commerce service level.Second, overseas warehousing and cross-border logistics are still weak spots, dragging down users' consumption experience.Third, from the perspective of supply chain security, the supplier diversification of cross-border e-commerce needs to be improved."Hu Qimu believes that in the future, enterprises in the industry should adapt the medicine to the situation, strengthen the introduction and training of cross-border e-commerce talents, build a diversified supply chain, and further improve the consumer experience.As for supervision, Hu Qimu suggested that with the update and iteration of cross-border e-commerce, the relevant supervision mechanism and supporting laws and regulations also need to be further improved.

    2021 01/19

  • A vibrant industrial ecosystem strengthens the confidence of European companies in investing in China
    In the year 2020, China-EU economic and trade cooperation has deepened.In the first 11 months of last year, the 27 EU countries' actual investment in China reached US $117.98 billion, and China's cumulative direct investment in the 27 EU countries exceeded US $80 billion. In particular, the conclusion of the China-EU Investment Agreement has further upgraded China-EU economic and trade relations.Under the current circumstances, China-EU economic and trade cooperation has given a strong boost to the economic and social development of both sides and will give a strong boost to the recovery of the world economy in the post-epidemic era. The European Union Chamber of Commerce in China recently told China Trade News that the conclusion of the China-EU Investment Agreement, which has attracted much attention, will undoubtedly further deepen the bilateral economic and trade relations and unleash the potential of each other's economic development.The European Chamber of Commerce in China believes that mutually beneficial cooperation is of vital importance to both sides. Both sides should further open up and create a more level playing field in the future so as to bring tangible benefits to each other's businesses. The EU is China's largest trading partner and China is the EU's second largest trading partner. There is huge potential for trade and investment cooperation between the two sides and there is still much room for further development.The European Chamber of Commerce in China Business Confidence Survey 2020, released by the European Chamber of Commerce in China and Roland Berger Consulting, shows that the Chinese market is a strong attraction for most EU companies in China, with more than 60 percent of respondents saying that China is still one of their top three investment destinations. In response, the European Chamber of Commerce in China believes that the growing domestic demand, the improvement of the innovation environment and the vibrant industrial ecosystem in China have made EU companies more committed to the Chinese market. During the epidemic, the European Chamber of Commerce in China witnessed the mutual cooperation between China and Europe in fighting the epidemic, and they believe that this should continue to be reflected in future bilateral economic and trade cooperation.Relevant data show that in 2020, China-Europe freight trains made 12,400 journeys and transported 1.35 million TEU, up 50% and 56% respectively year-on-year, with a comprehensive heavy container rate of 98.4%, among which 9.31 million pieces of epidemic prevention materials and 76,000 tons were delivered.This has given a strong boost to China's anti-epidemic cooperation with other countries and regions along the Belt and Road, and played an important role in stabilizing the global industrial chain and supply chain. At the same time, the European Chamber of Commerce in China noted that in recent years, with China's economic growth slowing down and the changing international political and economic situation, the development of European and European companies in China has also encountered new difficulties and challenges.Hit by the epidemic and trade frictions, nearly 30 percent of enterprises expect their research and development and business will be negatively affected, and there will be a decline in revenue, and 14 percent of enterprises said they will have to cut costs through layoffs to make up for business losses. The EU Chamber looks forward to a better understanding of the significance of the new development pattern to the development of foreign enterprises in China, which was proposed by China last year to accelerate the construction of a new development pattern featuring domestic circulation as the main body and mutually reinforcing domestic and international cycles.The European Union chamber of commerce in China that, overall, binary better than simple domestic circulation or international circulation, for foreign companies, international circulation is more important, especially under the background of the sino-us trade friction, close contact with European enterprises can make China better balance its position in the international market. The EU Chamber hopes that China will further open up its domestic market, tap the potential of local consumption and reduce its dependence on exports in the context of accelerating the construction of a new pattern of double-cycle development.In September last year, the European Chamber of Commerce in China released the EU Business Proposal in China 2020/2021, which gives a detailed analysis of how long-standing problems in China's business environment affect the sustainable development of European and European companies in China. The European Chamber of Commerce in China believes that giving full play to the huge market potential will not only promote China's sustained economic growth, but also effectively avoid some of the problems that constrain China's economic development, such as the growth of debt and the acceleration of aging population.Especially at present, with the spread of the Covid-19 epidemic and the threat of economic "decoupling", it is critical for China to carry out meaningful new practices of reform and opening up.

    2021 01/19

  • The European Commission said the outbreak could exacerbate economic imbalances in the euro zone
    The Eurogroup held its first video conference of 2021 on Thursday local time.In its assessment submitted to the Eurogroup, the European Commission pointed out that the new epidemic is exacerbating macroeconomic imbalances in the eurozone countries.Eurogroup Chairman and Irish Finance Minister Donoghue said, this further demonstrates the necessity of implementing policy coordination in the Eurozone. Countries should seize the window of opportunity of the EU economic recovery plan, seek a balance between short-term investment and long-term reform, and achieve sustainable economic recovery. European Commission Economic Commissioner Gentiloni, who also attended the meeting, said the greater the impact of the new pandemic, the greater the pressure on euro zone countries, such as public deficits, would not only lead to uneven economic recovery, but also worsen social inequality within countries.Mr Gentiloni therefore called for the EU's economic recovery plan to be implemented as soon as possible to avoid this. At present, the specific composition and regulation of the plan have been agreed on at the EU level, and each member state must submit the national plan formally in the second half of February this year, which will be reviewed by the European Commission in two months, and then approved by the European Council.At the same time, member states must quickly complete the domestic approval process for their own resources in the EU's long-term budget, paving the way for up to 750 billion euros in financing from the European Commission in financial markets.

    2021 01/19

  • Japan Media: How the West Misreads the One Belt And One Road Initiative
    In trying to understand China's international agenda, and in particular the concept of the One Belt And One Road initiative, my main concern is that the size of the loan is over-focused as a measure of thOne Belt And One Roadccess of the BBB1.This approach is wrong for three reasons. First of all, when Chinese President Xi Jinping launched the "One Belt And One Road" initiative in Kazakhstan in September 2013, he did not just mention infrastructure. In fact, in his speech, he specifically mentioned five goals for initial cooperation: policy communication, road connectivity, unimpeded trade, currency circulation, and people-to-people connectivity. China's policy bank loans consist of a range of concessional and non-concessional loans, mainly provided by the China Development Bank and the Export-Import Bank of China.If one proposes that the size of lending by Chinese policy banks is a measure of a project's long-term direction or even short-term success, one is forgetting the core element of the One Belt And One Road's actual agenda.A more nuanced assessment of OBOR's progress might be that, in terms of the goal of improving "policy communication," the change in the loan size may reflect the success of One Belt And One Road. Second, China's development finance lending is broader than major policy banks' loans for large infrastructure projects in developing countries.While CDB and Exim's sovereign loans are an important part of China's broader "One Belt And One Road" agenda, they are far from the only type of lending, let alone investment. One example is the $850m in financing that CDB and Bank of China provided to the Export-Import Bank of Africa in 2015.Indeed, even loans from these policy banks are increasingly being negotiated not with debtor countries on a project basis but with regional and national financial institutions.In 2015, for example, CDB lent $3bn to Indonesia's state-owned Mandiri Bank, People's Bank and State Bank Indonesia.The local banks agreed to work with Indonesian and Chinese contractors to invest in high-speed and light rail, airport renovation and energy projects. A third reason lending is not enough to measure progress in One Belt And One Road construction is that microfinance can also produce transformative results.A recent paper by Danny Rodrik, a professor at Harvard University, says that while big companies are the most productive and innovative in Africa, it is small firms that create jobs.Thus, the provision of microcredit to African financial institutions to increase their capacity to lend to SMEs could change the local development landscape as much, if not more, than a flagship infrastructure project.The same is true of China's soft power in these regions. The use of loan size data as an indicator of the progress of the Belt and Road projects is flawed.It is clear that lending to infrastructure projects, particularly at the official level by policy banks, is only one perspective from which to view the One Belt And One Road's vision for global development.

    2021 01/18

  • The rule of law editorial | so VIP make anger
    Beijing Haidian District Market Supervision Bureau recently to Beijing Kuwo Technology Co., Ltd. issued a written decision on administrative punishment.Kuwo was fined 50,000 yuan by Haidian District Market Supervision Bureau because users still received advertisements after buying VIP membership, which did not match the promotional text "advertising block" on the page. Faced with the text "without advertising push, quietly enjoy your music time", consumers yearn for it and spend money to buy luxury VIP services, but still receive advertising "gifts" pop up from time to time.KuI company explained that luxury VIP members can block commercial advertisements unrelated to KuI APP and broadcast room advertisements on the playing page, but the promotion and public service advertisements related to KuI APP, products and content are not covered by the shielding scope. As the awareness of intellectual property rights is deeply rooted in people's hearts, users of the music platforms gradually have the awareness of VIP. On the one hand, they can listen to some copyrighted music, and on the other hand, they can avoid being disturbed by advertisements and improve their use experience.But at the same time, the "routine" of each business is also more and more, said good member to "outside the domain" advertisement, actually can only block off part of advertisement.Such a "luxurious" VIP, has been selected to recommend the advertisement, can not but let a person breathless. About the closure of advertising, the company said that the current new version of this page in the face of luxury VIP "advertising shield" scope made a detailed definition and explanation.This is different from the common people's understanding of VIP membership service, and Kume should make clear to consumers, rather than wait for users to have a bad experience, and then explain the behavior of not blocking advertising.The behavior of the parties violates the "advertisement law" the provisions of the first paragraph of article 8: advertising for goods in the performance, function, origin, purpose, quality, composition, price, producer, expiry date, promise, and other forms of content, provider, or to the service, quality, price, and promise to have said, should be accurate, clear and understand. It has to be said that many video and music platforms will be VIP user rights and interests in the adverse terms of the user "hide very deep", but will attract the user of the terms listed separately, and even make advertising rolling broadcast.Fortunately, more and more users are able to recognize this kind of scam and take legal action.It's also a reminder that while making money is important, consumer word of mouth can't be ignored.The trust built up over years between business and consumers can sometimes be broken by a single mistake, leading to a company's downfall. Kuwo company rather than hide, it is better to directly list the price.How much does it cost to screen ads outside the platform? How much does it cost to completely screen all ads? You can charge extra for watching and listening to videos, music and other items.There have also been instances of well-known TV dramas being paid for on-demand. Although it aroused heated discussion among netizens at the time, it was finally accepted by netizens because it did not violate the law and was just a market-oriented adjustment.Trying to retain free users without offering real benefits to VIPs is a dissincere approach that will eventually be eliminated in the choice of users. In the context of the Covid-19 epidemic, the innovation of Internet business has added impetus to the social economy, and the application of Internet in China's laws has also given great support and help.As an Internet enterprise, it should consciously follow the principle of honesty and credit. From the perspective of serving users, it should redesign the web page and terms, add prominent logos, facilitate users to understand the true content of the service, guarantee the legitimate rights and interests of consumers, and standardize the operation in order to achieve steady and long-term development.

    2021 01/15

  • Optimize business layout and contribute to the construction of a new development pattern
    The Fifth Plenary Session of the 19th CPC Central Committee pointed out that we should speed up the construction of a new pattern of development with the domestic cycle as the main body and the domestic and international cycles mutually reinforcing.This is a strategic decision made by the CPC Central Committee with Comrade Xi Jinping at its core in light of China's stage of development, changing environment and changing conditions. It is of far-reaching significance to China's medium - and long-term economic development and world economic recovery. Since May 23, 2020, xi jinping, general secretary in visit to participate in the 3rd session of the thirteenth session of the CPPCC economic committee put forward the new development pattern, the ministry of trade and investment promotion ccpit follow-up study, fully aware of the spiritual essence of constructing new development pattern, rich connotation and the significance of comprehensive grasp of international business and domestic business relations, serious study business layout, adjusting and optimizing their clinging to the Internet, such as big data technology to accelerate the application of new opportunities, improve with industrial and commercial institutions at home and abroad, trade promotion organization, enterprise cooperation, improve trade and investment promotion ability and work efficiency. In opening up to the outside world, CCPIT leads the domestic and international business communities on one hand and shoulders an important mission in building a new pattern of development on the other.The Ministry of Trade and Investment Promotion will be more proactive in promoting unimpeded domestic circulation in the following areas: First, we will deeply participate in the preparation of key exhibitions such as the China-Arab States Expo and the Northeast Asia Expo, step up our participation in the preparation of national level exhibitions such as the service trade fair and the import and export fair, and vigorously promote the import of advanced technology and equipment, key spare parts and components, and high-quality consumer goods. Second, we will support local governments and industries in holding exhibitions of foreign trade quality products, strengthen training on exporting to domestic market, and provide information on supply and demand of foreign trade enterprises' products for domestic market, so that more high-quality foreign trade products can serve domestic production and life. Third, we will speed up the construction of service centers in pilot free trade zones, provide suggestions for the innovative development of pilot free trade zones, provide all-round services for enterprises in pilot free trade zones to expand cooperation with other countries, and help create new heights of opening-up. Fourth, we will focus on building the "Invest in China" platform, utilize internal and external resources of the trade promotion system, bring in the strength and services of professional institutions, make investment promotion more precise and effective, and stimulate the investment vitality of the whole society. Fifth, we will improve the system for monitoring the business environment, carry out tier-level research on the business environment, organize government-enterprise dialogues, implement policies, and encourage local governments to improve the business environment. Sixth, we will organize "local business trips" to increase exchanges between Chinese and foreign enterprises and promote more quality cooperation projects. At the same time, the Ministry of Trade and Investment Promotion will continue to strengthen its external efforts to better integrate the domestic cycle into the international cycle and make the international cycle better serve the domestic cycle: One is promoting regional comprehensive economic partnership agreements (RCEP) and so on the fta, write the fta business applications guide series, to perfect the service platform for web, database and so on, promote implementation of BBS held the fta, organization levels and training for industry, local, enterprise, further enhance utilization rate of the fta. Second, promote and improve the content and service means of the "Trade Promotion Cloud Exhibition" platform, increase publicity in China, and make it an important platform for service enterprises to expand foreign trade. The third is to implement the "China Brand Promotion Action", integrate the national industry brand enterprises and products, through the organization of exhibitions, docking and negotiation, focus on the external publicity, promote them to go out better. Fourth, close connection with key overseas economic and trade cooperation zones, strengthen promotion efforts, recommend and organize industrial enterprises to connect with the park, and promote enterprises to go abroad together. Fifth, we will work hard to compile and publicize the Guidelines on the Business Environment of Countries (Regions) for Enterprises' Overseas Investment, so as to provide precise reference for enterprises' overseas investment. Sixth, we should make full use of the Expo Dubai and other international platforms to fully explain the new development landscape, enhance people-to-people ties and build a community with a shared future for mankind.

    2021 01/15

  • China and Uzbekistan will expand cooperation platforms in the field of high-end new materials
    "We are the representative institution of the Ukrainian National Academy of Sciences in China and have recently started cooperation with a number of Chinese units."Recently, the director of the Chinese Research Center of the Ukrainian National Academy of Sciences' Institute of Materials Issues, Ye Hongguang, revealed to the reporter of China Trade News that the research center will strengthen and deepen the cooperation with the Liaoning Institute of Light Industry Science and the Zhejiang Cixi Bearing Industry Association. Fran Ukraine national academy of sciences institute of mining has material is the international famous materials research institute, now has thousands of scientific research personnel, has a complete system of scientific research and trial production base, mainly engaged in nuclear power, aviation, aerospace, military industry and other industrial equipment manufacturing advanced materials in the field of study and trial production, the main research direction includes powder metallurgy, nano materials, high temperature ceramic materials and biological materials. In September 2017, the Ukrainian National Academy of Sciences' Institute of Materials Issues signed a cooperation agreement with the Ningbo Municipal Government. The following year, the Chinese Research Center of the Ukrainian National Academy of Sciences' Institute of Materials Issues and the Ningbo Institute of Materials were established.At present, the two sides have achieved initial results in platform construction, talent introduction and industrial docking.The Uzbek side has sent more than 30 experts to work in Ninghai, and a number of cooperation projects with enterprises are being promoted. The China Research Center is the only platform for Uzbekistan to carry out technology transfer, research and development and technical services in China, carry out cooperation with Chinese universities, research institutions and enterprises, and promote the industrial application of scientific research achievements in the field of high-end new materials in China. "We are cooperating with China in the field of materials on behalf of Ukraine."In addition to Ninghai, the China Research Center also has two branches in Liaoning and Jiangxi provinces, Ye said.Under the guidance of the Liaoning Provincial Government, the China Research Center has been cooperating with the Liaoning Provincial Institute of Light Industry Science. The reporter learned that the Liaoning Institute of Light Industry Science was formed by the Liaoning Institute of Ceramics, Liaoning Institute of Papermaking, Liaoning Institute of Light Industry Machinery Design and Liaoning Institute of Household Electrical Appliances.After years of development, the institute has become a comprehensive institute with a wide range of research fields, strong comprehensive strength, and the ability to undertake major research tasks and solve complex technical problems. "Liaoning Light Industry Research Institute is trying to use our platform advantage and research resources to enter the Ningbo market."Ye Hongguang said that the Liaoning Institute of Light Industry and the research center to promote related technology to the Ningbo area, this time to strengthen cooperation, which is good for both sides. Cixi Bearing Industry Association is another domestic institution that has recently deepened cooperation with the research center.It is understood that Cixi is located in the east of Zhejiang, with a developed private economy, and the bearing industry is one of the three major industries in Cixi.Founded in 2019, Cixi Bearing Industry Association includes bearing industry research institutes, design institutes, universities and related industry enterprises.The association has been strengthening the cooperation with other institutions, and has established horizontal contact with the Luoyang Axis Research Institute Triangle Research Center, Zhongke Cixi Bearing Steel Research Center, etc. Ye Hongguang says, cixi bearing industry association want to dabble in areas such as anti-corrosion, lining, Ukraine national academy of sciences and Ukraine have been focus on these areas, uzbekistan has certain technical advantages in this aspect, the association tried to use the advanced technology of Ukraine into the upgrade product realization of member enterprises, so the cooperation with research center.Not long ago, the head of the association went to the wear-resistant coating laboratory of China Research Center for investigation and exchange, which laid a good foundation for the cooperation between the two sides. It is understood that the circle of friends of the Chinese Research Center of the Ukrainian National Academy of Sciences Franzevich Institute of Materials Issues is expanding.In the future, the center will make better use of its advantages to exchange, interact and cooperate with more domestic institutions, so as to provide a convenient channel and a high-quality platform for technical and personnel exchanges between China and Ukraine.

    2021 01/14

  • The State Council executive meeting proposed four measures to improve the business environment
    An executive meeting of the State Council on Thursday put forward four measures to improve the business environment, further breaking through the implementation of obstacles and improving the level of the rule of law for business environment. The meeting pointed out that improving the business environment is the key to invigorating market entities and is also an important measure to cope with the severe and complex situation and promote economic stability and recovery. The meeting heard a third-party assessment report on the implementation of the Regulations on Improving the Business Environment.The meeting pointed out that last year, despite extremely difficult conditions, more than 20 million new market entities were established, a substantial increase in the trend and a high level of activity could not have been achieved without the continuous improvement of the business environment. In response to the problems found in the assessment, the meeting stressed the need to further deepen the reform of "delegating power, delegating power, and providing services", step up the implementation of the Regulations on Improving the Business Environment, and unleash vitality to ensure fairness and justice in regulation and efficiency. The four measures include: First, we will encourage eastern regions and provincial capital cities to take the lead in benchmarking the world's most advanced, and support central and western regions, northeast China and non-provincial capital cities to significantly improve their business environment through reform.Second, we need to promote innovative measures such as the "one industry, one certificate", "one enterprise, one certificate" and "joint operation of licenses and licenses" to encourage more new market entities and operate in accordance with market rules.Third, we will promote fair competition, promote market-oriented reform of bidding for government projects, standardize intermediary services, and intensify the investigation and punishment of "hidden rules" that increase enterprises' financing costs in credit.Fourth, we need to improve the effectiveness of oversight, which is both loose and well-regulated. We need to make oversight more targeted and effective during and after operations, carry out comprehensive oversight and joint law enforcement, and ensure that key oversight covers all areas that affect people's lives, health and safety. Experts say that the business environment for enterprises is a matter of water and fish.As the forerunner of the reform of "delegating power, delegating power and providing services" and the referee of regulating market order, the market supervision authorities should focus on the smooth market access, orderly market opening, full market competition and standardized market order, and strive to build a unified and open "big market" system, and accelerate the construction of a market-oriented, law-based and international business environment.

    2021 01/07

  • Six departments took steps to improve cross-border RMB policies
    To effectively do a good job, the full implementation of "six steady" the task of "six protect" decision deployment, promote formation in domestic large cycle as the main body, domestic and international binary mutual promotion of the new development pattern, recently, in conjunction with the National Development and Reform Commission, the Ministry of Commerce of the People's Bank of China and so on six departments jointly issued "on further optimization of cross-border renminbi policy support stability stable foreign trade foreign notice, since February 4, 2021. "Notice" is composed of five parts, including a total of 15 to cover the needs of the real economy to promote higher levels of trade and investment RMB facilitation, further simplify the cross-border renminbi settlement process, optimization of cross-border RMB investment and financing management, convenient people often cross-border yuan under cash RMB bank settlement account, convenient foreign institutions use five aspects, such as content. The Circular calls for promoting facilitation of trade and investment settlement in RMB at a higher level, focusing on the needs of the real economy, including carrying out nationwide trials of such facilitation and supporting cross-border RMB settlement of new forms of trade.At the same time, according to the commercial system reform, the timely adjustment of business processing and audit requirements. In terms of further simplify cross-border RMB settlement process, put forward "notice", optimize the cross-border RMB business list of key regulatory mechanism, electronic support documents audit, optimization of multinational enterprise group under the current account cross-border RMB central collection arrangement, across the country to carry out the foreign contracting engineering quality pilot enterprises cross-border RMB settlement business facilitation. In further optimize cross-border RMB investment and financing management, put forward "notice", relax restriction on part of the capital account RMB income use, convenience in foreign-funded enterprises in China, cancel the foreign direct investment (fdi) in business only door management requirements, optimize the management of overseas RMB loan business of domestic enterprises, simplify the management of the domestic enterprise RMB loan business overseas. In terms of facilitating individual cross-border RMB receipt and payment under current account, the Circular proposes to support the development of cross-border RMB settlement business under individual current account and facilitate individual RMB bank settlement account to receive remittance of the same name from Hong Kong and Macao. In addition, the Circular also proposed measures to facilitate the use of RMB bank settlement accounts by overseas institutions, requiring domestic banks to continuously enrich RMB financial products and provide efficient and convenient financial services for market entities to use RMB in foreign economic and trade activities and international cooperation. The People's Bank of China (PBOC) said it will work with relevant departments to implement the Circular, strengthen business guidance for commercial banks, continue to optimize policies on the cross-border use of the renminbi, and give full play to the role of cross-border renminbi business in serving the real economy and promoting trade and investment facilitation.

    2021 01/05

  • Britain signs a free trade deal with Turkey
    The UK and Turkey have signed an agreement to expand their trade arrangements, the UK's trade ministry said Wednesday.It's the first deal signed by the British Prime Minister Boris Johnson since he struck a trade deal with the EU. A continuing trade agreement between the UK and Turkey will basically replicate existing trade terms between the two countries, the report said. The Trade Continuity Agreement, signed online by trade officials from the two countries, will come into force on January 1, 2021, to ensure that the existing flow of goods will not be affected after the Brexit transition period ends. Trade between the UK and Turkey totalled £18.6bn in 2019.The UK is Turkey's second largest export market, mainly in precious metals, vehicles, textiles and electrical equipment.Britain said it was the fifth trade deal negotiated by its Department of Trade, after deals with Japan, Canada, Switzerland and Norway. Britain's International Trade Secretary Liz Truss said, "Today's agreement provides vital certainty for businesses and supports thousands of jobs in the manufacturing, automotive and steel industries in the UK." "This paves the way for a new and more ambitious agreement with Turkey in the near future, as part of the UK government's plan to sign a broad range of cooperation agreements with dynamic economies," Truss stressed. Britain and the European Union have agreed a post-Brexit trade deal.EU member states approved the agreement on the 28th local time January 1, 2021 provisional effect.

    2020 12/30

  • The application of digital RMB has been accelerated
    The digital RMB news continues, and the online scene continues to extend.Recently, Cloud of Everything announced that it was the first to complete the connection with the four major state-owned banks of Industry, Agriculture, China and Construction, and its users can use digital RMB to pay property fees online. All things cloud introduction, in the internal testing environment, in late August, Shenzhen Jinyu Blue Bay owners have completed the industry's first real transaction through digital RMB online payment of property fees.Since its subsidiary Vanke Real Estate opened the digital RMB payment service for the "Live here" APP of many owners, 28 property fees totaling more than 11,000 yuan have been paid online through this way. It is reported that all things cloud is one of the first enterprises to carry out the digital RMB pilot, and the pilot work is also carried out simultaneously by Didi, Meituan, Jingdong Digital Science, UnionPay Business, Lakala and other technology enterprises and payment institutions. On December 15, China's first insurance policy with digital RMB payment was successfully issued. The reporter learned that Zhongan Insurance and China Construction Bank started the cooperation of digital RMB in the online insurance scene application, and consumers can buy the premium E-Health 2020 version of the product through Zhongan Insurance APP.With the successful issuance of the first digital RMB insurance policy, Zhongan Insurance has successfully extended the application of digital RMB to the insurance field, and assisted the ecological construction of the digital RMB pilot wallet through the advantages of online insurance scenarios of Zhongan Insurance. As a regular research and development test of the digital RMB pilot project, the Shenzhen Municipal People's Government and the People's Bank of China (PBOC) jointly launched the "Giving Luohu Digital Renminbi Red Packets" campaign on October 12, in which 47,573 successful individuals received red packets and made 62,788 transactions worth 8.764 million yuan. On December 4, Suzhou announced that it would distribute 100, 000 red envelopes of 20 million yuan, each with 200 yuan, to eligible citizens, and select some of the customers who participated in the draw to participate in the offline wallet experience.In addition, JD.com supports citizens to use digital RMB to pay for their own products, making it the first online scene to be connected to digital RMB in the trial. It is reported that the digital RMB is still in the promotion stage, and has been carried out in Shenzhen, Chengdu, Suzhou, Xiongan New Area and other cities as well as the future Winter Olympics scene, the second batch of pilot will continue to add Shanghai, Changsha, Hainan, Qingdao, Dalian, Xi 'an six places.In terms of landing scenarios, digital RMB has supported multiple fields, including party fee payment, smart parking, transportation subsidy issuance, smart business circle construction, tax payment, e-commerce consumption, public welfare donation, insurance purchase, property payment and so on.

    2020 12/30

  • Buzz | integrated services also need to supply side reform of foreign trade
    Near the end of 2020, two furniture trade data is quite interesting.Data from the General Administration of Customs showed that from January to November, the export volume of furniture and its parts totaled 356.07 billion yuan, up 11.2 percent year on year.The accumulated imports of logs and sawn timber reached 102.00 billion yuan, down 10.8% year on year. The first is that the rapid growth of furniture export is good for the whole industry, but there are some concerns: the price of upstream raw materials and parts is rising and the supply may not be stable. After completing furniture orders, it is found that the shipping space booking is not only rising in price but also unable to go to sea for a long time. After the goods are shipped overseas, overseas warehouses are full.In addition, the rise of the RMB exchange rate will reduce the export profits of enterprises, and foreign merchants may cancel orders or be unable to pay for goods due to the epidemic. Second, imports of logs and sawn timber fell year-on-year, making it difficult for foreign trade enterprises to relax.Many enterprises mainly import raw materials for furniture production from abroad. In recent years, China's important furniture importing countries often have changes in the supply chain, so that Chinese furniture enterprises can not have no worries about the supply of raw materials, but constantly suffer pressure and tests.For example, Equatorial Guinea used to be an important source of timber imports to China, but has banned log exports since January 1, 2019.Laos and Myanmar, which are large suppliers of tropical logs to China, saw their exports to China drop sharply in the first half of 2020.In the field of wood and furniture, the international Forest Steward Council (FSC) certification has also become a "tiger in the way" for the transformation and upgrading of furniture foreign trade enterprises, because the certification requires wood and wood products to have a legal source of proof, which puts forward higher requirements for the supply chain management ability of Chinese furniture enterprises. From these two data to the joy and sorrow of furniture foreign trade enterprises can be seen, in recent years, especially in 2020, foreign trade enterprises are in urgent need of access to foreign trade comprehensive service categories and focus has changed a lot.One of the key points is that the pressure on the management of the industrial chain and supply chain has increased significantly, which needs to be supported.However, if we look at the contents provided by the well-known foreign trade service platforms such as OneTone and Yuman Global, the six functions of financing, customs clearance, tax refund, logistics, insurance and foreign exchange collection are basically included.Although the services they provide carry the words "supply chain", if you look closely at the details, the focus is mainly on supply chain finance, and the "financing" of the six basic functions can be grouped together.This and this year foreign trade enterprises feel pressure supply chain management and supply chain security and stability demand has an obvious gap. It can also be seen from the above situation that the comprehensive service platform for foreign trade enterprises is not a "one-stop" service.In fact, the integrated foreign trade service can not only increase the supply chain management function, but also add the exchange rate hedging function, export market research (consultation) and other functions, so as to truly meet the urgent needs of enterprises in an all-round way. Of course, we should also see that this involves the revision and expansion of the definition of foreign trade integrated services and foreign trade integrated service platform, and also involves the further improvement of policies and regulations. Only by the support and recognition of policies and regulations, can more comprehensive and more relevant foreign trade integrated service platforms emerge. In retrospect, foreign trade services evolved from "foreign trade agents" to "foreign trade integrated services", which also experienced a very long historical stage. Many foreign trade integrated service platforms also said that they were obviously different from the foreign trade agents in the past.To this end, we to the foreign trade integrated service function expansion toward the real "one-stop" might as well keep optimistic and patient.

    2020 12/25

  • Vaccines are also "America First", which is a terrible way to eat
    Recently, the best news for a world suffering from the Covid-19 outbreak has been that several vaccines have made good progress.Countries such as Russia and the United Kingdom have begun to vaccinate their citizens, some have announced vaccination plans, and others are actively ordering vaccine. But just as people began to see the light at the end of the tunnel, America First sprang back into the shadows.The President of the United States signed an executive order called Vaccines for America First, which directs the U.S. Department of Health to ensure that U.S. vaccine suppliers prioritize vaccines for all Americans. When the news came out, public opinion was in an uproar.The governments of Canada and the UK, close US Allies, rushed to reassure their citizens that there would be no material impact on their vaccination programmes.Why do they react so strongly?Because the scars of America's worldwide scramble for masks are still raw. The Americans themselves could not bear to look.CNN couldn't resist scoffing that it was just an "empty symbolic order."According to Fortune magazine, the current U.S. administration has done a terrible job of fighting the epidemic, and when it leaves office, it hopes to redeem some of its reputation with the vaccine, but it's too late. As the dominant player and beneficiary of the post-World War II international system, and as the most powerful country in the world today, what should the United States do?The answer is very clear.As a developed country, the United States has a "moral obligation" to ensure equitable distribution of the new crown vaccine around the world, Fauci, the nation's top infectious disease expert, said at an event."The U.S. government could scale up production, share technology with the World Health Organization, and scale up vaccine supply," said Maybarduk, director of Public Citizen's Medicine Access Initiative, a U.S. nonprofit watchdog group.This is the best way to shorten the duration of the epidemic, save lives and restore jobs.But there is a lack of effective global leadership." People are most popular in times of crisis.In the face of the Covid-19 epidemic, the worst global public health security crisis since World War II, the United States has done a disappointing job.The inaction in the face of the epidemic, the "America First" in the face of the scarce resources such as masks and vaccines, and all kinds of "blaming", smear...Some of America's politicians keep pushing the limits of what people think of them. Vaccines should undoubtedly be a global public good.Access to vaccines should be assessed on a priority basis, and it would be fair and humane for those who really need vaccines to receive their protection first.But America's "America First" approach to vaccine distribution has got off to a bad start. According to Duke University in the US, 9.6bn doses of the vaccine had already been pre-ordered.The United Nations and the World Health Organization are concerned that the first batches of vaccine have been snapped up by rich countries, leaving poor ones unprotected."No one is safe until everyone is safe," said Denordan, an epidemiologist at the University of Ottawa. Limiting global vaccine distribution would have broader consequences than just the rate of vaccination. "It's not beneficial for anyone to argue that one country has access to the vaccine before another." If you ask what has been the most profound experience of the epidemic, the answer should be that mankind share a common destiny and the interests of all countries are closely linked.The world is an indivisible community with a shared future. Solidarity and cooperation are the most powerful weapon against the epidemic.

    2020 12/14

SEE MORE

Email to this supplier

-
SEND

Browse by: All Products | China Suppliers Service is provided by Bossgoo.com

Copyright © 2008-2024 Bossgoo Co., Ltd. All rights reserved.

Your use of this website constitutes acknowledgement and acceptance of our Terms & Conditions