3/9/17 new: BRICS plus India, Brazil, China, Russia, S Africa + Mexico Egypt Thailand Guinea Tajikstan. At China G20, China debated best multi-win ideas for 21st youth productivity - that Adam Smith or Maynard Keynes would score. ref 1 -cg A B z AIIBnews -do you konw O2O destiny

online library of norman macrae-- Entrepreneurial Revolution - the curriculum of how to value small enterprise and sustainability exponentials of the net generation - was started by alumni of Norman Macrae The Economist 1972. By 1976, Norman was clarifying why the sixth of the world (whose brand reality is) communal pride and individually passionate to be Chinese need to be valued by netgen as critical friends to uniting sustainability race for planet and humanity. More on "why china" is systematically pivotal to 21st C coming of age in sidebar. Chinathanks.com maps 1) countries joining Chinese inspired sustainability open systems solutions as well as 2) which global youth professions (eg coding) are mapping value sustaining trades with china - eg EWTP : 21st C version of Silk Road of celebrated by Marco Polo and Hangzhou goal 14 oceans AIIB 1 ted hosts -- 2017 year of mapping sustainability banking -china to commercialize 5g by 2020 -valuing culture -jack ma 1 2 e3

Monday, May 25, 2015

Chile's Bachelet thanks China's president for building on 45 year twin nation relationship - the first on the contient- shanghai will host a chilean fetival day later in year

previously chile pavilion sucess at shanghai festival 2010

Longer thanks

25 May 2015 | OP-ED
    
The visit that Chinese Premier Li Keqiang begins this week to Brazil, Chile, Colombia and Peru marks a new milestone in the deepening of economic, political and cooperation ties between Latin America and the Caribbean and China.
Premier Li’s visit and the speech he will give to the region from ECLAC’s headquarters on May 25th are part of China’s sustained effort to forge a joint path since that country recognized in 2008 the strategic nature of relations with our region in its White Paper (the formal document where it states official policy in that regard).
These bilateral economic relations face many challenges, but there is a key word: diversification. In the last 15 years, ties have been highly dynamic. The value of bilateral trade grew 22 times greater between 2000 and 2014, and China is already the region’s second most important trading partner.
Foreign Direct Investment flows, and overall Chinese capital coming into Latin America and the Caribbean, have also expanded significantly. This process took place in a context in which the Chinese economy grew 10% annually between 2000 and 2011, stoking a commodities “supercycle” that benefited much of the region, particularly South American countries.
But since 2012, during an economic slowdown that has also affected the region, China has sought to grow at a pace that is compatible with its ambitious reform plan while trying to prevent a negative impact on job creation. For now, its annual growth is expected to be between 6% and 7% during the remainder of the current decade, meaning it will still have one of the world’s best rates. Meanwhile, in Latin America and the Caribbean, growth has fallen abruptly, due to internal factors—such as the stagnation of investment and weakening consumption—and external causes, including low growth in the euro zone and the deceleration of China itself, with the resulting decline in demand for commodities.
From a Latin American perspective, export diversification and increased productivity constitute the main pending issues: just five single products, all of them commodities, represented 75% of the value of regional shipments to China in 2013. Chinese investment in the region reinforces this pattern, considering that between 2010 and 2013 almost 90% of it was directed at extractive activities, particularly mining and hydrocarbons.
To advance towards more prosperous and less unequal societies, the region must overcome its excessive dependence on commodities exports. Therefore, while the expansion of trade and investment flows with China is key, it is equally important to develop actions aimed at modifying their structure.
If Chinese investment grows and diversifies in the coming years, it will be possible to promote not only export diversification towards that country, but also productive integration within the region. Additionally, if cooperation with China helps bridge our well-known gaps in infrastructure, logistics and connectivity, we can stimulate intraregional trade and the development of regional value chains.
Our countries’ rich accumulated experience with innovative social policies, urbanization, environmental protection and other matters can be useful for China as it addresses the major challenges that lie along its path to development. The China-Community of Latin American and Caribbean States (CELAC) Cooperation Plan 2015-2019, launched last January in Beijing, provides an appropriate institutional framework for advancing in all of these areas. Now both parties must agree to mutually beneficial actions to make that cooperation a concrete reality.

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