BRI projects thrive in Middle East despite COVID-19 threats

(Xinhua)10:09, December 14, 2020

CAIRO, Dec. 13 (Xinhua) — Casting shadow over the world this year, the COVID-19 pandemic has been suffocating almost all economies and strangling their business activities, especially the cross-border cooperation.

Nevertheless, in remote deserts and along the Gulf bay, Chinese workers, shoulder to shoulder with local friends, have never stopped their efforts in building various projects of landmarks, energy and technologies.

These projects under the China-proposed Belt and Road Initiative (BRI) have been lighting up the murky circumstances and creating a brighter future for participants and the China-Middle East ties.

AFRICAS TALLEST SKYSCRAPER-TO-BE

The project team focuses on safety standards, and we are particularly impressed by the new technologies and methods from China, said Yara, a student from Egypts Ain Shams University, when visiting the construction site of a new capital CBD project by China State Construction Engineering Corporation (CSCEC).

Located some 50 km east of the capital Cairo, the project is under construction by Chinese and Egyptian workers. It includes a planned 385-meter high Iconic Tower, which is expected to be the tallest skyscraper in Africa upon completion, a candidate for Egypts another landmark like pyramids.

The tower is a spectacular project built by a perfect team. Ibrahim Samy, professor from the Faculty of Engineering and Materials Science at German University in Cairo, expressed amazement after a visit in October.

In late November, the main structure of a high-rise office building completed its roof-sealing, a milestone in the project, and an even more remarkable achievement considering all the difficulties from the pandemic.

Since the virus outbreak in Egypt this February, the CSCEC has adopted strict anti-virus measures to ensure the safety in the construction area, where all the staff and workers are required to wear face masks and gloves, ride in designated vehicles, and receive regular temperature tests.

Around 7,000 personnel working and living there have been protected from the pandemic, some of them saying its much safer here.

The CSCEC (Egypt) will continue to strengthen the security barrier against the pandemic, push forward the construction of the new capital CBD project, and create a happy living environment for the Egyptian people, said the construction giant on its social media.

A LETTER OF THANKS

After what we have experienced, choosing to stay and work for the project will become one of our most beautiful memories. I call it solidarity and brotherhood, said Fang Jie, construction manager of Hunutlu Thermal Power Plant in Turkey, in a letter to his colleagues. Thank you all.

Turkey, the worst-hit country by COVID-19 in the Middle East, has so far registered over 1.8 million infections. However, altogether 1,831 Chinese and Turkish personnel chose to stay and continue their work.

Moreover, to speed up the construction, 455 Chinese staff members, some of them having newborn babies or just graduating from school, flew to Turkey and joined the project in August, regardless of health risks.

The Chinese side has also organized volunteers to clean the beach near the construction site, and invested in improving local environment for sea turtles to lay and hatch eggs, earning good reputation from local residents.

Located in the southern province of Adana, the Hunutlu project, with a total investment of 1.7 billion U.S. dollars mainly from the Shanghai Electric Power Company, is Chinas biggest project with direct investment in Turkey, and a flagship project linking the BRI with Turkeys Middle Corridor vision.

It, including the construction of the power plant and ports specially designed for coal transportation, is expected to have a capacity of 1,320 megawatt after completion, and to generate 9 billion kilowatt hours every year with full operation, accounting for an estimated 3 percent of all electricity supplies across Turkey.

KEEPER OF PROMISE

In the desert of southeastern Jordan, over 2,000 Chinese staff members are constructing the Attarat Oil Shale Power Plant. It is expected to become Jordans largest one upon completion, meeting around 15 percent of the countrys need for power.

After two months of suspension caused by COVID-19, construction has been gradually resumed since early May, said Luo Xiongdong, with China Energy Engineering Group Guangdong Power Engineering, constructor of the project.

He said Chinese workers were not startled by the pandemic, even when the situation in Jordan has worsened in past weeks, but continued their work with high-level preventive measures, so as to keep the promise for the Arab country.

One generator under construction will be delivered by the end of this year and another one next year, Luo added.

Ibrahim Gharaibeh, a researcher at the University of Jordans Center for Strategic Studies, said the BRI and Chinese people have helped launch and push forward the plant project, which creates huge opportunities for Jordan, a state highly dependent on energy imports.

In the United Arab Emirates (UAE), with which China has comprehensive strategic partnership, staff of Harbin Electric International Company Limited also kept the pace in building the Hassyan clean coal power plant.

Safeguarded by high-standard health and hygiene measures, the company has realized important achievements, such as the connection to the grid for power generation. At the beginning of December, the projects commercial operation started.

As a key project to play an important role in supporting the UAE Clean Energy Strategy 2050, the Hassyan plant is the first investment project by the Silk Road Fund in the Middle East, and will be the first clean coal power plant in Mideast when completed.

Chinas housing prices remain stable in November

(Xinhua)14:05, December 14, 2020

BEIJING, Dec. 14 (Xinhua) — Chinas housing market remained stable in November, with slower month-on-month growth in home prices in major cities, official data showed Monday.

New home prices in four first-tier cities — Beijing, Shanghai, Guangzhou and Shenzhen — rose 0.2 percent month on month in November, 0.1 percentage points slower from the previous month, according to data from the National Bureau of Statistics (NBS).

On a month-on-month basis, new home prices in 31 second-tier cities and 35 third-tier ones both edged up 0.1 percent.

Prices of resold homes in first-tier cities edged up 0.5 percent month on month in November, with the rise unchanged from the previous month. Prices in the resold home market in second-tier cities went up 0.1 percent and third-tier cities saw a month-on-month growth of 0.2 percent.

On a year-on-year basis, home prices in first-tier cities went up 3.9 percent last month, retreating from a 4.1-percent expansion seen a month earlier, while those in second-tier cities rose 4.2 percent.

In November, local governments continued to implement the long-term mechanism in the housing market and adopted measures to promote the steady and sound development of the sector, said Sheng Guoqing, a senior NBS statistician.

In the latest quarterly monetary policy report, Chinas central bank reiterated that the property sector will not be used as a means of short-term stimulus and vowed to maintain the continuity, consistency, and stability of property financial policies.

Facing the sweeping impacts of the coronavirus outbreak and other economic headwinds, Chinese policymakers have kept property policy largely stable in 2020, guiding the market to gradually recover from the virus-induced slump.

Chinas investment in property development rose 6.3 percent year on year in the first 10 months, picking up from the 5.6-percent increase in the first nine months, official data showed.

Investment in residential buildings came in at 8.63 trillion yuan (about 1.32 trillion U.S. dollars), up 7 percent from the same period last year, quickening from the 6.1-percent surge in Jan.-Sept. period.

Commercial housing sales in terms of floor area totaled 1.33 billion square meters in the first 10 months, basically unchanged compared with the same period last year.

Tokyo stocks close higher as BOJ survey shows business sentiment improving

(Xinhua)16:14, December 14, 2020

TOKYO, Dec. 14 (Xinhua) — Tokyo stocks closed higher Monday as the market mood was buoyed by the Bank of Japans Tankan business sentiment survey showing improvement for a second quarter, underscoring hopes for the pandemic-hit economys recovery.

The 225-issue Nikkei Stock Average added 79.92 points, or 0.30 percent, from Friday to close the day at 26,732.44.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, rose 8.51 points, or 0.48 percent, to finish at 1,790.52.

Marine transportation, machinery and consumer credit issues comprised those that gained the most by the close of play.

Chinas Henan sees foreign trade cross 100 bln yuan in Nov.

(Xinhua)16:34, December 14, 2020

ZHENGZHOU, Dec. 14 (Xinhua) — Central Chinas Henan Province saw its foreign trade cross 100 billion yuan (about 15.3 billion U.S. dollars) in November, a monthly record, local authorities said.

From January to November, the provinces foreign trade has grown 11.5 percent to more than 574 billion yuan, according to Zhengzhou customs.

Henans exports reached 351.5 billion yuan, up 4.7 percent year on year, and imports totaled 222.7 billion yuan, an increase of 24.2 percent in the first 11 months of this year.

Integrated circuits and components used in the mobile industry are the major imports of the province. Mobile phones, which form the main export item of Henan, account for about 56 percent of the total foreign trade value, customs said.

WHO warns of mass trauma caused by COVID-19 pandemic

(Xinhua)13:54, March 06, 2021

GENEVA, March 5 (Xinhua) — World Health Organization (WHO) officials said on Friday that the COVID-19 pandemic has caused more mass trauma than World War II and warned of its lasting consequences.

The world has experienced mass trauma because World War Two affected many, many lives, WHO director-general Tedros Adhanom Ghebreyesus said at a virtual press conference.

And now, even with this COVID pandemic, with bigger magnitude, more lives have been affected, almost the whole world is affected, he said, adding that the pandemic induced mass trauma is beyond proportion and even bigger than what the world experienced after the Second World War.

Countries have to see it as such, and prepare for that, he warned.

Evidence of mass trauma has been presented by other organizations, such as the International Council of Nurses, which warned on Jan. 13 of the effects of the pandemic on nurses mental health.

Mass trauma could even affect transmissibility, as it would be very difficult to sustain behaviors that stop the epidemic for affected communities, said Michael Ryan, executive director of the WHOs Health Emergencies Programme, at the press conference.

The mental health and psychosocial support to individuals and communities must be central to all recovery plans and must be costed in to those plans, he said.

According to Maria Van Kerkhove, COVID-19 technical lead for the WHO, there needs to be a lot more emphasis by governments, by communities, by families, by individuals to look after our well-being.

COVAX delivers over 20 mln doses of COVID-19 vaccines to 20 countries WHO

(Xinhua)13:54, March 06, 2021

GENEVA, March 5 (Xinhua) — COVAX, the international vaccine campaign co-led by the World Health Organization (WHO) and its partners, had delivered more than 20 million doses of COVID-19 vaccines to 20 countries, the WHO chief said on Friday.

Earlier this week, the first COVID-19 vaccination campaigns in Africa using doses provided by COVAX began in Ghana and Cote dIvoire, which were later followed by shipment to another 18 countries, mostly in Africa.

In the next week, COVAX will deliver 14.4 million doses to a further 31 countries,WHO Director-General Tedros Adhanom Ghebreyesus told a press briefing.

However, the volume of doses being distributed through COVAX is still relatively small, only covering between two and three percent of the population of the countries receiving the vaccines through COVAX, he said.

Tedros said his organization is working on efforts to connect companies who are producing vaccines with others who have excess capacity to fill and finish, as as to help speed up production and increase volumes.

He also reiterated the call for vaccine technology transfer from companies owning patents on vaccines to those who can produce them.

A good example of this approach is AstraZeneca, which has transferred the technology for its vaccine to SKBio in the Republic of Korea and the Serum Institute of India, which is producing AstraZeneca vaccines for COVAX, he said.

COVAX aims at ensuring that no participating economy will be left behind in accessing COVID-19 vaccines. Its core target is to deliver two billion vaccine doses by the end of 2021.

North Macedonia receives first batch of Russian vaccines against COVID-19

(Xinhua)09:02, March 08, 2021

File Photo

SKOPJE, March 7 (Xinhua) — The first batch of 3,000 doses of the Russian vaccine Sputnik V against COVID-19 arrived in North Macedonia on Sunday, Health Minister Venko Filipce said via a Facebook post.

The minister said that the first shipment of 3,000 doses of Sputnik V, which arrived at Skopje International Airport on Sunday, will ensure the continuation of the immunization process that has already started in the country.

A total of 200,000 doses of vaccines have been ordered, according to Filipce.

These vaccines will be used to vaccinate the elderly with chronic diseases and elderly citizens in the nursing houses, Filipce added.

Vaccination against COVID-19 started in North Macedonia on Feb. 17.

On Sunday, the Health Ministry reported 333 new COVID-19 cases, taking the total tally of confirmed coronavirus cases in North Macedonia to 107,163, with 94,729 recoveries and 3,195 fatalities.

As the world is struggling to contain the pandemic, vaccination is underway in an increasing number of countries with the already-authorized coronavirus vaccines.

Meanwhile, 261 candidate vaccines are still being developed worldwide — 79 of them in clinical trials — in countries including Germany, China, Russia, Britain, and the United States, according to information released by the World Health Organization on Friday.

China, Canada extend currency swap deal

(Xinhua)10:39, January 14, 2021

BEIJING, Jan. 13 (Xinhua) — The central banks of China and Canada have renewed a bilateral currency swap agreement, the Peoples Bank of China (PBOC) said Wednesday.

The swap line has a size of 200 billion yuan (about 30.96 billion U.S. dollars), or 39.39 billion Canadian dollars. It will be valid for a five-year period and can be extended on mutual consent.

The currency swap extension between the two central banks will help promote bilateral financial cooperation, expand the use of local currencies and facilitate trade and investment, the PBOC said in an online statement.

A currency swap sees the two parties agree to exchange a certain amount of foreign currency at a pre-determined rate, protecting against fluctuations.

Xi Jinping on Asian Infrastructure Investment Bank

(Xinhua)09:43, January 17, 2021

BEIJING, Jan. 16 (Xinhua) — Saturday marked the fifth anniversary of the founding of the Asian Infrastructure Investment Bank (AIIB).

Chinese President Xi Jinping has firmly supported the operation and development of the AIIB, the first China-proposed multilateral financial institution, and has spoken of the institution on many occasions.

The following are some highlights of his remarks:

— To address issues emerging in the course of economic globalization, countries should pursue more inclusive global governance, more effective multilateral institutions, and more robust regional cooperation. In this context, the AIIB may grow into a new platform that promotes development for all its members and facilitates the building of a community with a shared future for mankind.

— With more good friends and partners getting on board for higher-quality cooperation, the AIIB has established itself on the global stage as a new type of professional, efficient and honest multilateral development bank.

— The AIIB should commit itself to serving the development needs of all its members and providing more high-quality, low-cost and sustainable investment for both traditional and new types of infrastructure.

— China will continue working with other members to support the AIIB and make it a success, and contribute more to the global response to risks and challenges and the pursuit of shared development.

— The founding and opening of the AIIB will bring about a better investment environment and more job opportunities and trigger greater medium- to long-term development potential on the part of developing members in Asia. This, in turn, will inject impetus into economic growth in Asia and the wider world.

— The AIIB and the existing global development financial institutions will complement each others advantages.

— The founding of the AIIB proves once again that where there is a will, there is a way.

— The initiative to establish the AIIB is a constructive move. It will enable China to undertake more international obligations, promote the improvement of the current international economic system, and provide more international public goods. This is a move that will help bring mutual benefits and win-win outcomes to all sides.

WHO hopes COVID-19 vaccination underway in every country in next 100 days

(Xinhua)11:11, January 16, 2021

GENEVA, Jan. 15 (Xinhua) — The chief of World Health Organization (WHO) Tedros Adhanom Ghebreyesus on Friday urged fairness of access to COVID-19 vaccines, saying he wants to see vaccination underway in every country in the next 100 days.

Speaking at a virtual press conference from Geneva, Tedros stressed that efforts should be made to ensure that middle and low-income countries are equally protected.

High-income countries are disproportionately represented among countries that started vaccinating, the WHO chief said, stressing that the lessons from previous epidemics should not be forgotten.

I know what its like to come from a continent where not all health services are available, he said, adding that when AIDS drugs first rolled out, they were only available in rich countries until a historic movement of health advocates, civil society and manufacturers provided a rollout of low-cost antiretroviral drugs.

He recalled that in the H1N1 pandemic, which hit the world in 2009-2010, by the time low-income countries received vaccine supply, the pandemic was over. We dont want this to be repeated, said Tedros.

I want to see vaccination underway in every country in the next 100 days, so that health workers and those at high-risk are protected first, he said.

Mariangela Simao, WHO Assistant Director-General for Drug Access, Vaccines and Pharmaceuticals, told the press conference that so far, 38 of the 46 countries that had started vaccinations are high-income countries.

She emphasized that COVAX, a WHO-led mechanism to ensure vaccine access for all, was there to correct the course and allow access to vaccines for low to middle-income countries.

The world we live in is not a fair world, Simao said. The COVAX facility is a way for us to reach fairness.

According to the WHO official, under the COVAX mechanism, We hope to have good news for you on this in February of this year.

As the world is struggling to contain the pandemic, vaccination is underway in some countries with the already-authorized coronavirus vaccines.

Meanwhile, 236 candidate vaccines are still being developed worldwide — 63 of them in clinical trials — in countries including Germany, China, Russia, Britain and the United States, according to information released by the WHO on Jan. 12.