Day: January 11, 2022

(Xinhua)15:55, March 10, 2021

WASHINGTON, March 10 (Xinhua) — U.S. businesses in China are profoundly positive about doing business in 2021 and expect ties between Beijing and Washington to improve, a survey by the American Chamber of Commerce released Tuesday shows.

The survey, reported by Bloomberg, shows that as many as 81 percent of the 345 respondents see their industries in China growing in 2021. Half of the respondents said Chinas investment environment is improving, while only 12 percent believe it is deteriorating, the lowest since 2012.

Over 60 percent are confident the government will further open up its markets, according to the study.

Moreover, 45 percent see relations with the United States improving, registering a 15 percent increase from last year.

With China leading in economic recovery and the new U.S. administration in place, our members are cautiously optimistic regarding business growth in China, said the report.

(Xinhua)15:53, March 10, 2021

Screenshot of Burger Kings Twitter Page

WASHINGTON, March 9 (Xinhua) — U.S. fast food chain Burger King on Tuesday issued an apology for its tweet on International Womens Day that read: Women belong in the kitchen.

We hear you. We got our initial tweet wrong and were sorry, said the company.

Our aim was to draw attention to the fact that only 20% of professional chefs in UK kitchens are women and to help change that by awarding culinary scholarships. We will do better next time, the company tweeted.

The company said the tweet issued Monday was supposed to bring attention to its scholarship program aimed to help female Burger King employees pursue their culinary dreams. However, it had deleted the initial tweet due to abusive comments in the thread.

Burger King, headquartered in Miami-Dade County, in the southeastern U.S. state of Florida, was founded in 1953.

(Xinhua)09:49, March 11, 2021

TASHKENT, March 10 (Xinhua) — The strong and stable Chinese economy provides more opportunities for the Central Asian region amid the continued development of their trade and economic relations, an Uzbek expert said Wednesday.

Chinas achievements remain very attractive especially in the post-pandemic period when the Central Asian countries, including Uzbekistan, are taking measures to revive their economies, Anri Sharapov, a professor at the Tashkent State University of Oriental Studies, told Xinhua in an interview.

The driver of the expansion of Uzbekistans partnership with China is the trade, economic and investment spheres, said Sharapov. This is due to the fact that the strategic interests of Beijing and Tashkent at this stage completely coincide: Both sides are interested in preserving peace, stability and economic development in the region.

China has achieved tremendous economic success and its victory over absolute poverty 10 years ahead of schedule as set out in the United Nations 2030 Agenda for Sustainable Development is the most exciting chapter in the countrys history, he noted.

All this speaks about the effectiveness of the policy of the Communist Party of China, which creatively developed the theory of Marxism and used it in a new historical era in relation to the specific conditions of China, the expert said.

Noting Chinas large economic base and the scale of its openness, Sharapov said he believed that China will provide exceptional opportunities for the economic development of the whole world.

Economic recovery in China will also boost its demand for imports of raw materials, oil and gas, and agricultural products from Central Asia that would allow countries like Uzbekistan to increase their export volumes, he added.

Also, Chinas stable economic development will help to increase its investments in Central Asias large strategic projects, Sharapov said.

The COVID-19 pandemic has shown Chinas success in science and technology development, and its new technological progress will provide substantial assistance to the Central Asian countries in their economic reforms, he concluded.

(Peoples Daily Online)14:10, March 11, 2021

Chinas foreign trade will maintain its momentum of fast growth this year, analysts predicted.

The countrys imports and exports surged 32.2 percent year on year in the first two months of 2021, data from the General Administration of Customs showed on March 7. Notably, exports skyrocketed 50.1 percent year on year and in February alone, exports soared 139.5 percent from a year earlier.

Photo shows Nansha Terminal of Guangzhou Port in south Chinas Guangdong province. (Photo/Chinanews.com)

Chinas exports will be further boosted by the global economic rebound and robust demand from the overseas market.

Wang Tao, head of Asia Economic Research with UBS Investment Bank, said that the global economy is expected to rebound significantly this year as global COVID-19 cases look set to decrease sharply from the second quarter due to high vaccination coverage. This, he said, will help spur Chinas exports.

Zhong Zhengsheng, chief economist with Ping An Securities, also believed that Chinese exports would continue to expand this year thanks to the rising demand for Chinese products from overseas markets.

Zhong forecast that the consumer demand in the U.S., spurred by massive fiscal stimulus and increasing real estate investment in the country, would lead to a higher demand for Chinese products, giving a strong boost to Chinese exports in the next one or two quarters. Meanwhile, higher COVID-19 vaccination coverage in Europe is expected to fuel Chinas exports gradually in the next two or three quarters, Zhong added.

Chinas imports will be further facilitated by its accelerated economic recovery, which will help expand the countrys domestic market.

Last year, China was the only major economy in the world to show positive growth. Many economists believe that the Chinese economy may continue to outperform other countries this year and grow by more than 8 percent, and the robust economic recovery is expected to help expand imports.

According to the latest annual government work report, China will continue to provide policy support to beef up foreign trade growth. The country has rolled out a series of policies and measures to stabilize its foreign trade, including increasing credit supply to support small and medium-sized foreign trade enterprises and expanding the coverage of export credit insurance.

(Xinhua)15:21, March 08, 2021

BEIJING, March 8 (Xinhua) — Chinas top legislature will revise the Anti-Monopoly Law this year, according to a work report.

The annual work report of the National Peoples Congress (NPC) Standing Committee was submitted Monday to the ongoing fourth session of the 13th NPC for deliberation.