Day: December 12, 2022

FUZHOU, China, Dec. 12, 2022 /Xinhua-AsiaNet/– Recently, the promotional video of Fuzhou of Fujian Province, titled “The Fuzhou Waiting for You to Explore — Green Economy”, was released through overseas social media accounts including “Paris Oriental Center”, “Discover Fujian” and “Discover Fuzhou”, showing the world Fuzhou, a green city with harmonious integration of nature and industry, ecological and modernized development.

In the promotional video, greenness can be seen everywhere across the city, such as in modern high-rise buildings, riverside parks, country footpaths and ancient towns and houses. Wind power facilities scattering along its coast steadily brings clean energy to the city. Its e-governance and digital services deliver an efficient, convenient and smart urban life, according to the Publicity Department of the CPC Fuzhou Municipal Committee.

Lately, China’s “traditional tea-making techniques and related customs” was included in the Representative List of the Intangible Cultural Heritage of Humanity of the United Nations Educational, Scientific, and Cultural Organization (UNESCO). The jasmine tea scenting process of Fuzhou is one of the representative programs of the list, and also a symbolic achievement of Fuzhou’s green development.

From the “single office service”, which pioneered the centralized review and approval service in China, to the “one-stop service”, the standardized and transparent “green track” creates a world-class business environment. From green property to green community, Fuzhou is showcasing a green city of business, livability and tourism for people all over the world.

Source: The Publicity Department of the CPC Fuzhou Municipal Committee

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SHENZHEN, China, Dec. 12, 2022 /Xinhua-AsiaNet/–On December 9, 2022, the Shenzhen Global Investment Promotion Conference was held. It led to the negotiation and signing of 315 project contracts, including those with Amazon, Intel, and Maersk, encompassing a total planned investment of 879 billion yuan.

From 2019 to 2021, the Shenzhen Global Investment Promotion Conference witnessed the cumulative negotiation and signing of more than 600 projects; these have resulted in a total intended investment of more than 2 trillion yuan. In the past four years, along with steadily rising investment, a large number of projects of strategic emerging industries, such as new energy, electronic information, ecological protection, biomedicine, and new materials, have been established and developed in Shenzhen.

Multinational corporations have been the eyewitnesses of China’s opening up to the outside world and important participants in China’s economic and social development. At this year’s conference, foreign investment projects covered various fields, including advanced manufacturing, new-generation information technology, biomedicine and health, marine industry, and modern services.

“We plan to invest in the construction of, in the Yantian Comprehensive Bonded Zone, an omnichannel, intelligent, and green integrated logistics center that will influence the Asia-Pacific region in a positive way. We will work with Shenzhen to explore the confirmation of carbon rights, investigate the construction of carbon trading, and look into the possibilities of increasing input in green fuel,” said Caroline Wu, Managing Director of Greater China of Maersk.

Maersk represents many foreign businesses that have contributed to the development of Shenzhen and will progress along with this City of Innovation.

During the investment conference, 48 major projects, with international influence and core competitiveness, were signed. BYD Chairman Wang Chuanfu and other well-known entrepreneurs called on the global market, “To invest in Shenzhen is to invest in the future!”

“Once a border town and now an international metropolis, Shenzhen continues to create miracles,” said James Chang, Managing Partner of Regional Economic Clusters and South Markets of PwC China. Today, nearly 360 Fortune 500 companies from 173 countries and regions have invested in Shenzhen.

Shenzhen’s governmental departments, companies, and associations are also constantly going out and getting deeply linked with global investors. The activities of this conference cover 16 cities outside of China.

Throughout the Tokyo session, representatives, from the Shenzhen Economic and Trade Office in Japan and the Japan-China Economic Association, signed a letter of intent to jointly promote exchange and cooperation between Shenzhen and Japanese businesses in the fields of new energy, energy conservation, and environmental protection.

“We once again extend an invitation to global businessmen: Invest in Shenzhen, Build a Winning Future,” said Zhang Feimeng, Director of the Commerce Bureau of Shenzhen Municipality. He said that Shenzhen will continue to strengthen the protection of foreign investment, improve foreign investment services, and facilitate and deepen investment and cooperation by holding a series of activities, including policy presentations and investment promotions.

Statistics show that in the first 10 months of 2022, Shenzhen actually utilized $9.179 billion of foreign investment, up 4.3% from the previous year.

The projects signed on site cover such fields as new-generation information technology, digital fashion, green and low-carbon industries, biomedicine and health, and marine industry. Wang Rui, Chair of Intel China, stated that Intel’s science and technology innovation center in the Greater Bay Area will soon open in Shenzhen.

According to Frank Muhlon, the Chief Executive Officer of ABB’s E-mobility Business, which has previously invested in Shenzhen, Shenzhen is an open and inclusive city with thriving high-tech industries. Among these industries in particular, new energy vehicles are developing with strong momentum.

Among the 20 strategic emerging industry clusters and the 8 future industries that Shenzhen plans to prioritize, many have performed well in the first three quarters. For example, intelligent connected vehicles (ICVs) grew 44.5%, new materials 22.6%, high-end medical devices 14.1%, and the marine economy 10.1%.

According to Wang Jun, Deputy Director of Development and Reform Commission of Shenzhen Municipality, the business environment is an important part of the city’s core competitiveness and attractiveness, and Shenzhen has always regarded the optimization of the business environment as the No. 1 reform project. This year, Shenzhen introduced the Implementation Plan for Shenzhen as a Pilot City of Innovative Business Environment Improvement, and initiated the Greater Bay Area combined port program. Until now, Shenzhen Port has opened a total of 26 combined port points, that cover nearly 90% of the cities in the Greater Bay Area.

Apart from attracting businesses and investment, Shenzhen has spared no effort to attract talent. The event on December 9 saw guests promoting Shenzhen and welcoming entrepreneurs, investors, and scientists in “road show”. Last month, the well-known structural biologist Yan Ning announced in Shenzhen that she would resign from her teaching position overseas to work full-time to help create the Shenzhen Medical Academy of Research and Translation. Statistics show that in 2022, Shenzhen’s full-time academicians grew by 12 to reach 86, overseas returnees increased by 8,384 to break the 190,000-mark, and the total number of high-level talent, from home and abroad, reached 22,000.

According to Zeng Yi, Chairman of China Electronics Corporation (CEC), whose headquarters were moved to Shenzhen last year, Shenzhen has an advantage of a talent highland. CEC had 11,000 openings according to its original global school recruitment program, yet nearly 130,000 resumes were received, which was 12 times that of the openings. “In particular, the number of high-end talent, applying for the Future Scientists Program that we are concerned about, is about 25-30 times that of the openings.”

“Shenzhen is the epitome of the strength, stability, resilience, and great potential of China’s economy,” said Xue Zhandong, President of the Shenzhen Meso-economy Institute. He said China’s determination to expand its high-level opening-up would not change, and the door of China’s opening-up would only get wider and wider.

Source: The Commerce Bureau of Shenzhen Municipality

Basseterre, Dec. 12, 2022 (GLOBE NEWSWIRE) — Prime Minister Terrance Drew of the island nation of St Kitts and Nevis was in Dubai recently for a state visit that not only aims to strengthen bilateral relations but also glean lessons from the United Arab Emirates that will pivot the island into a sought-after business and leisure hub in the Caribbean.

The new prime minister and his delegation had several meetings and engagements over the four-day trip which took place from 29 November to 3 December 2022.

The two regions have enjoyed years of fruitful relations that have resulted in several areas of cooperation in which both countries have achieved together. This includes the signing of a historic Air Services Agreement. The seminal move paved the way for air traffic between the Federation of St Kitts and Nevis and the UAE.

The UAE also expressed previous interest in assisting the twin island Federation in adapting stronger climate change resilient measures, particularly as it relates to infrastructure. As climate related weather patterns become more fierce, St Kitts and Nevis is looking to tap into Dubai’s knowledge and expertise in constructing durable and resilient structures.

Just as recently as the 1960s, Dubai’s economy was merely dependent on the revenues generated from trade and oil exploration concessions. A major chunk of revenue obtained from oil reserves started to flow in 1969 and the rapid development of Dubai began – including major infrastructure like schools and hos­pitals and, over the years, it trans­formed Dubai into the business hub we know today.

St Kitts and Nevis developed and instituted its citizenship by investment programme in 1984 as a way to increase and diversify revenue generation. For nearly 40 years the programme has been instrumental in catapulting the nation from just a small island in the Caribbean to a globally recognized investment destination.

Without this foreign direct investment into the nation, St Kitts and Nevis would have certainly progressed at a much slower pace than desired.

The government of St Kitts and Nevis has made considerable progress in reducing its public debt and is among other countries in the Caribbean that supplement their economic activity through CBI programmes which provide astute investors with the option to obtain citizenship by investing in the country. The new government administration of St Kitts and Nevis believes that residents of the United Arab Emirates (UAE) have a lot to benefit from its CBI programme.

The country is looking to build its reputation on the international stage and the CBI programme is one way to direct foreign direct investment to innovative projects across the spheres of education, health, agriculture and tourism.

For example, the travel and tourism sector accounted for one tenth of the gross domestic product (GPD) in St Kitts and Nevis in 2021, dropping for the second consecutive year. Part of the funds channeled the citizenship by investment programme will be used to revitalize the sector and re-establish St Kitts and Nevis as must-visit destination.

Attracting the right kind of developers who will inject cash into developing attractive real estate projects that will charm discerning investors, is one way to grow the tourism sector. Not only that but the upgrading and development of important infrastructure such as schools, hospitals, airports and hotel chains is another way the funds will be used to not only bring up tourist numbers but investors too.

The visit was also aimed at deepening relationships with important stakeholders including international investors and government approved agents, who play a vital role in promoting and supporting the country’s recently upgraded citizenship by investment programme.

St Kitts and Nevis is the first country of the Caribbean Community to establish a formal diplomatic presence in the UAE, recently opening an embassy and consulate in the region.

The members of the delegation which included, Cabinet Secretary, Dr Natta, Attorney General, Mr. Wilkin, Minister of Tourism, Ms. Henderson, Mr. Anthony and Ms. Galloway, were positive following the visit and believe that there were many lessons learned from visit that they could take back home and implement.

The visit also signifies to the world St Kitts and Nevis is open for business. During the visit, business partners, investors and citizens were able to meet the Prime Minister and the accompanying delegation members at an exclusive cocktail event that was hosted by the High Commission of St Kitts and Nevis during the trip.

The visit provided an opportunity for St Kitts and Nevis to attract investors who seek mutually beneficial partnerships with the nation.

Saint Kitts and Nevis administers one of the most successful citizenship by investment programmes in the world. This government delegation was aimed at showing investors, entrepreneurs and families from the UAE that they are all welcome in Saint Kitts and Nevis.

The Prime Minister’s visit has come at a time when the economies of many countries are affected by the lingering impact of the COVID-19 pandemic and by the consequences of the Ukraine-Russia conflict.

Prime Minister Drew is on a drive to find and implement solutions that will prosper St Kitts and Nevis and one of those actions included upgrading the country’s CBI programme – the government is taking measures to sustain and enhance the image of the twin-island federation’s CBI programme, so it is more transparent and follows the principles of integrity and good governance.

The St Kitts and Nevis government also recently launched its “Venture Deeper” campaign. This is a branding campaign aimed at highlighting the country’s famous and marked natural environment while introducing elements of introspective self-discovery and intention.

The campaign’s visual assets, showcased at a May 20 media premiere in New York, highlighted St Kitts and Nevis’ lush natural environment, including the territory’s rainforest, abundant historic landmarks and immersive cultural experiences.

St Kitts and Nevis’ revamped citizenship by investment programme is aimed at intelligent investors looking not only to prosper themselves, but those who are sustainability minded in their investment decisions.

PR St Kitts and Nevis
Government of St. Kitts and Nevis
mildred.thabane@csglobalpartners.com

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