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China-Kazakhstan economic, cross-border e-commerce ties to grow: Freedom Holding CEO
Yahoo Finance· 2025-09-11 09:30
Core Insights - Freedom Holding's CEO, Timur Turlov, highlights an increase in cross-border e-commerce between China and Kazakhstan following a cooperation agreement signed in Beijing [1][5] - The agreement aims to enhance economic ties and facilitate payment systems between the two countries [2][5] Group 1: Agreement and Economic Ties - Freedom Bank, part of Freedom Holding, has partnered with Verum Payments and UnionPay Business to support Kazakhstan-China cross-border e-commerce [2][5] - The cooperation agreement was signed during Kazakhstan President Kassym-Jomart Tokayev's official visit to China, indicating strengthening relations between Kazakhstan and China [5] Group 2: Payment Systems and Infrastructure - The agreement will help establish payment channels and correspondent accounts in both yuan and US dollars, enhancing trade facilitation [3][7] - UnionPay Business will assist in developing the technical infrastructure necessary for these payment systems, while Freedom Bank will focus on expanding the payment system across Central Asia [7] Group 3: Future Opportunities - Turlov emphasizes the potential to create interoperable platforms that can facilitate cross-border financial flows while adhering to regulatory standards [4] - The company aims to collaborate with Chinese fintech firms and utilize various payment gateways, including WeChat, to streamline payments between the two nations [4] Group 4: Investment Context - Kazakhstan has been a key destination for China's Belt and Road Initiative, with significant investments totaling US$23 billion in the first half of 2025 [6] - The largest investment project in Kazakhstan is a US$12 billion aluminum complex led by East Hope Group, showcasing the scale of Chinese investment in the region [6]
CICC Participates in the 10th Belt and Road Summit in Hong Kong
Globenewswire· 2025-09-11 02:44
Group 1 - The 10th Belt and Road Summit was held in Hong Kong, co-organized by the HKSAR Government and HKTDC, with CICC as a strategic partner [1][3] - The summit's theme was "Collaborate for Change • Shape a Shared Future," focusing on achievements, multilateral cooperation, and future development opportunities [3] - Key speakers included John Lee, Chief Executive of the Hong Kong SAR, and Professor Frederick Ma, Chairman of HKTDC, who delivered speeches at the opening ceremony [3] Group 2 - Chen Liang, Chairman of CICC, emphasized the importance of new quality productive forces such as the digital economy, green industries, and AI as drivers of economic growth [4] - Digital products and services are increasingly central to the international expansion of Chinese enterprises, particularly in Southeast Asia, the Middle East, and Africa [4] - New industries and narratives are emerging from these productive forces, creating investment opportunities and driving a revaluation of Chinese assets [5] Group 3 - CICC aims to maintain its philosophy of "Chinese Roots, International Reach," providing comprehensive financial services to global clients [6] - The firm is focused on fostering technological innovation and enhancing capital connectivity under the Belt and Road Initiative [6] - CICC's extensive network and cross-border practices enable it to offer high-quality financial services across various sectors, including investment banking and asset management [7]
Former SCO's Secretary General:The SCO’s future shines in a multipolar world|SFC Markets and Finance
Core Points - The Shanghai Cooperation Organization (SCO) is evolving as a significant entity in the global landscape, focusing on sustainable development, digitalization, and connectivity among its member states [1][4][11] - The Tianjin Declaration serves as a strategic framework for the SCO's development over the next decade, emphasizing comprehensive cooperation in various sectors [3][12] Group 1: Sustainable Development - 2025 has been designated as the "Year of SCO Sustainable Development," marking a commitment to systemic cooperation in sustainability initiatives [4][10] - The SCO is prioritizing the "green" economy, with recent agreements including a Joint Declarative Document on sustainable development signed at the 6th Meeting of SCO Environment Ministers [5][6] - A total of 18 projects worth approximately five billion yuan were signed at the Sustainable Development Forum in April 2025, showcasing tangible commitments to ecological principles [6] Group 2: Digital Economy - The digital economy is identified as a key driver for sustainability, with agreements made to enhance cooperation in areas such as data circulation, digital infrastructure, and AI solutions [7][8] - Cross-border e-commerce among SCO countries has seen double-digit growth, indicating successful digital and logistics integration [8] Group 3: Connectivity and Infrastructure - The SCO is advancing both "hard" and "soft" infrastructure projects, including the China–Kyrgyzstan–Uzbekistan railway, which aims to enhance regional connectivity and trade [9][10] - Efforts to modernize border crossings and simplify visa procedures are underway to eliminate logistical bottlenecks, fostering trade diversification and economic growth [9] Group 4: Financial Mechanisms - The establishment of an SCO Development Bank is under discussion, which would complement existing financial mechanisms and support sustainable projects [13] - The SCO Interbank Consortium has already backed over 500 projects valued at more than $20 billion, indicating a strong foundation for future financial initiatives [13] Group 5: Future Directions - The SCO aims to align closely with the Belt and Road Initiative, focusing on digital transformation, green finance, and logistics integration to enhance cooperation [16][21] - China's experience in poverty alleviation, technological leadership, and governance is seen as a model for other SCO member states, promoting shared learning and collaboration [22][23][24]
CGTN: President Xi highlights friendship, cooperation and multilateralism at SCO Summit
Globenewswire· 2025-08-31 10:50
The Shanghai Cooperation Organization Summit 2025 is taking place in China's port city of Tianjin. Since Saturday, Chinese President Xi Jinping has been holding bilateral meetings with visiting foreign leaders. CGTN published an article covering Xi's talks, in which he highlighted the significance of friendship, cooperation and multilateralism in international relations and global governance. BEIJING, Aug. 31, 2025 (GLOBE NEWSWIRE) -- Chinese President Xi Jinping is holding intensive bilateral meetings with ...
X @Bloomberg
Bloomberg· 2025-08-20 13:40
China wants Afghanistan to formally join its Belt and Road Initiative, the Afghan foreign ministry said in a post on X after the two countries’ foreign ministers held talks in Kabul https://t.co/1Gfw8NDQ9H ...
机器人赛事汇聚东盟国家约1800名学生参与 广西科协倾力打造“东盟科普大家庭”
Ke Ji Ri Bao· 2025-07-31 09:16
Group 1 - The 22nd Guangxi Youth Artificial Intelligence and Robotics Competition was held in Guigang, attracting around 1,600 domestic participants and approximately 200 participants from ASEAN countries, showcasing the growing scale of international participation [1] - The competition featured various events, including a Super Track Race where students designed and programmed robots to complete tasks, highlighting the emphasis on design, debugging, and programming skills [1] - The event reflects Guangxi's efforts to promote technological exchanges with ASEAN countries, as stated by the Vice Chairman of Guangxi Association for Science and Technology [1] Group 2 - Guangxi has leveraged its geographical advantages and the Belt and Road Initiative to enhance its role as a bridgehead for ASEAN countries, focusing on building a family of science popularization [2] - The establishment of the China-ASEAN Science Popularization International Exchange Center in 2019 has facilitated high-level international science communication by integrating resources from various sectors [2] - Future plans include expanding science popularization cooperation and improving the quality of content to reach more ASEAN countries [2] Group 3 - The Guangxi Science and Technology Museum is developing an ASEAN Technology Exhibition, with an AI science popularization exhibition to be featured at the China-ASEAN Technology Transfer and Innovation Cooperation Conference [3] - A new science museum is under construction in Chongzuo, expected to be completed in October, which will serve as a new landmark for Sino-Vietnamese science communication [3] - Guangxi Association for Science and Technology aims to attract more countries to participate in the ASEAN science popularization family to foster technological and cultural exchanges [3]
‘The free world is receding’: America’s influence is in decline and Trump is an ‘accelerant’ of it
MSNBC· 2025-07-20 21:17
Geopolitical Landscape & Influence - The United States' global influence is perceived to be declining, while China's is growing, a trend predating the Trump administration but accelerated by it [1] - Many countries find it hard to negotiate with the Trump administration due to policies like tariff announcements [1] - China's Belt and Road Initiative involves over 1 trillion USD investment in the last 20 years, 10 times the size of the Marshall Plan [1] - Freedom House data indicates a decrease in democratic countries and an increase in authoritarianism over the past 19 years [1] Economic & Strategic Competition - China is the world's largest producer of steel, aluminum, and electric vehicles, and a major producer of coal and alternative energy [1] - Countries partnering with China through the Belt and Road Initiative may face issues such as low project standards, uncompleted projects, and debt impacting their sovereignty [1] - The Trump administration's decision to allow Nvidia to export H20 chips to China raises concerns about access to critical technology [1] - The US needs to provide viable alternatives to China's offerings, including working with allies on critical tech projects [1][2] Soft Power & Strategic Advantages - The US possesses significant soft power advantages, including a leading higher education system with more top 100 universities than the next 10 countries combined, generating 100 billion USD from foreign students and 1 trillion USD from tourism [3] - Restricting foreign students and clamping down on diversity, equity, and inclusion initiatives at universities undermines a major strategic advantage [4] - USAID and State Department initiatives, such as foreign aid, are crucial for competing with China by providing assistance like building roads and hospitals [6][7][8] - American culture, exemplified by figures like Taylor Swift and Beyonce, remains a unique and powerful attractor for the US [11]
哈萨克斯坦专家:依托上合组织 中国是维护地区繁荣稳定重要力量 | 世界观·上合
Zhong Guo Xin Wen Wang· 2025-07-09 12:10
Group 1 - The event "Global Mayors' Dialogue·SCO Summit Cities" was held in Tianjin, emphasizing China's role in regional security and cooperation through initiatives like the Belt and Road Initiative and the Shanghai Cooperation Organization [1][2] - Gulnar Shaimergenova highlighted the significance of the Luban Workshop program in Tianjin, which provides skills training for youth and enhances China-Kazakhstan bilateral cooperation and industrial development [2]
Forums on China-Central Asia cooperation development, Silk Road int'l communication held in Astana
Globenewswire· 2025-06-25 10:08
Group 1: Event Overview - The China-Central Asia Cooperation Development Forum and the Third Silk Road International Communication Forum were held in Astana, Kazakhstan, with around 240 representatives from various sectors participating [1][2] - The event serves as an important platform for dialogue and cultural exchange between Central Asian countries and China, aiming to deepen cooperation in various fields [4][10] Group 2: Key Messages from Officials - Kazakh President Kassym-Jomart Tokayev emphasized the significance of the forums in enhancing exchanges and cooperation between China and Central Asia [3][4] - Fu Hua, president of Xinhua News Agency, highlighted the importance of a stable and prosperous Central Asia for global significance and expressed willingness to strengthen media exchanges and cooperation [5][6] - Qiu Xiaoqi, vice president of the China Public Diplomacy Association, noted the launch of the forum as a new chapter for media and cultural exchanges among the six countries [7] Group 3: Cooperation and Development Initiatives - Tursunali Kuziev from Uzbekistan's Cultural Heritage Agency expressed commitment to building a mutually beneficial relationship between Central Asia and China [8] - Chinese Ambassador to Kazakhstan Han Chunlin called for media to promote a favorable public opinion environment for the development of China-Central Asia relations [9] - Zu Bin from China Huadian Corporation stated the company's commitment to implementing the Belt and Road Initiative and promoting green cooperation in Central Asia [11] Group 4: Reports and Inaugurations - A think tank report titled "Championing the China-Central Asia Spirit: Achievements, Opportunities and Prospects for Regional Cooperation" was released during the event [13] - A center on China-Central Asia regional cooperation and development was officially inaugurated at the forum [12]
Curiosity-the wick in the candle | Mark Moodley | TEDxQMDS Qingdao Youth
TEDx Talks· 2025-06-23 15:25
Economic Shift & Geopolitics - The speaker argues there has been a rapid shift of economic power in the last 25 years, largely unnoticed [5] - The world order has changed significantly in the last 24-25 years [6] - The speaker challenges the Western media's narrative about China, finding it untrue based on personal observation [3][7] - The speaker highlights the "Thucydides Trap," suggesting the West is threatened by China's rise [16] - The speaker advocates for a multipolar world order, opposing hegemonic dominance by any single state [20][21][25] China's Economic Model & Development - China's economic model is described as a "socialist market economy," where the government owns core infrastructure but allows a private sector [14] - The private sector contributes significantly to China's GDP (60%), urban employment (80%), and new job creation (90%) [15] - China's rapid growth is likened to going from a bicycle to a spaceship in one lifetime, driven by economic reforms starting in 1978 [12] - The "Mayor's Economy" is mentioned as a development strategy, where local mayors are responsible for economic growth with state oversight [13] - China's Belt and Road Initiative is presented as a model for shared prosperity, contrasting with the concentration of wealth in the hands of a few in some Western economies [18][19] China's Future & Global Leadership - The World Bank projects China to be the number one economy by 2030 [27] - China is currently leading in areas like AI, electric vehicles (60 million), and digital finance [26] - The speaker emphasizes China's work ethic and long-term vision as key factors in its success [28] - A unified, multipolar system is needed to address global challenges like AI governance and pandemics [29]