Pubblicato in: Economia e Produzione Industriale, Problemia Energetici, Senza categoria

Cina. Lng e problemi energetici. Lng +53% a/a.

Giuseppe Sandro Mela.

2017-12-28.

Cielo stellato

Si è oramai abituati che quando i media parlano della Cina ci si domanda di chi stiano parlando: sembrerebbero essere del tutto scollati dalla realtà dei fatti, imprigionati in un idealistico universo onirico pregno di bucoliche rimembranze.

Eppure la realtà dovrebbe essere estremamente semplice: la si può capire ricordandosi le operazioni che si sarebbero dovute imparare in prima elementare.

È un fatto stupefacente, che forse potrebbe essere meglio spiegabile ammettendo che i media scrivano in perfetta malafede.

*

Cerchiamo di ragionare.

Se è vero che nel 1960 il pil procapite cinese era 90 Usd, è altrettanto vero che negli ultimi trenta anni l’economia cinese si è espansa ad incredibile velocità, e ad oggi il pil ppa cinese ammonta a 23,122.027 miliardi Usd contro i 19,362.129 americani.

La Repubblica Popolare Cinese ha circa cinque volte gli abitanti degli Stati Uniti: nulla da stupirsi quindi se la Cina abbia bisogno di risorse energetiche cinque volte maggiori quelle statunitensi.

Reperire una simile quantità di prodotti energetici nel breve volgere di trenta anni è stata impresa degna di menzione: non era assolutamente detto che la Cina ce la avrebbe fatta.

The World Bank riporta come nel 2007 l’80.95% dell’energia fosse prodotta da centrali alimentate a carbone.

Ovvio quindi il tentativo di diversificazione rafforzando il nucleare

Cina. Centrali elettriche nucleari. 37 reattori attivi, 60 in costruzione, 179 programmati.

ed aumentando le importazioni di gas naturale, allo stato gassoso ed a quello liquefatto.

Yamal. Gli Usa hanno perso, la Russia ha vinto e raddoppia. – Bloomberg

Russia. Yamal. Francia e Germania con il muso nella greppia delle sanzioni.

La migliore distribuzione delle centrali elettriche ha fatto scendere le dissipazioni della rete dall’8.2% del 1982 al 5.47% del 2014.

Energia. Il problema degli elettrodotti a lunga distanza. Le dissipazioni.

*

In questo ultimo novembre, il gas importato via pipelines è incrementato del 27.4%, mentre quello liquefatto del 53%.

Dovrebbe essere cosa evidente come la Cina non sia al momento nella condizione di ristrutturare il proprio comparto energetico. Con un pil in crescita al ritmo del 7% annuo la Cina ha non solo un disperato bisogno di energetici, ma soprattutto di poterli ottenere a prezzi più bassi il possibile. In pochissime parole: deve utilizzare ciò che ha e che può acquisire.

Sotto questa ottica di lettura, l’ultimo articolo di Bloomberg in materia è surreale al limite del patetico. Sembrerebbero essersi dimenticati quanto poco sia ecologica l’estrazione del gas naturale.

«The world’s largest energy user is facing a winter supply crunch after demand surged this year amid President Xi Jinping’s fight against smog, which has focused on cutting the use of coal in favor of cleaner-burning gas»

*

«Parts of the country started facing shortages just two weeks into winter, with Hebei and Shandong provinces in the north and central Hubei reporting supply shortfalls last month and curtailing supplies to businesses and factories in order to keep homes warm.»

*

«China’s surging winter heating needs will create larger summer-winter splits in the global LNG market and exacerbate price swings»

* * *

Il furor ‘ecologico‘, il tarlo liberal di energie ‘pulite‘ spinge alla demonizzazione delle centrali a carbone che peraltro restano al momento essenziali per vivere. Gli inverni cinesi non sono per nulla miti, e le persone assiderate ben poco se ne fanno dell’aria pulita. I morti non necessitano del riscaldamento.

Viene alla mente il dialogo tra Babieca e Ronzinante:

«Sei metafisico! No, è che non mangio»


Bloomberg. 2017-12-24. China’s LNG Imports Surge to Record Amid Winter Heating Crunch

– LNG imports rise 53% y/y to record 4.06 million tons: GAC

– November Pipeline supplies up 27.4% y/y to 2.5 million tons

*

China’s imports of liquefied natural gas in November surged 53 percent to a record as the nation scrambles to meet fuel shortages amid peak winter demand and government’s drive to cut coal use.

– LNG imports rose 53 percent from the same month last year to 4.06 million metric tons, according to data posted Saturday on the website of the General Administration of Customs. Shipments in the first 11 months of the year are up 48.4 percent.

– Pipeline gas imports advanced 27.4 percent to 2.5 million tons

“Terminal operators have been maximizing their capacities to import as much as they can,” Liu Guangbin, an analyst with SCI International, said before the data release.

The world’s largest energy user is facing a winter supply crunch after demand surged this year amid President Xi Jinping’s fight against smog, which has focused on cutting the use of coal in favor of cleaner-burning gas. Parts of the country started facing shortages just two weeks into winter, with Hebei and Shandong provinces in the north and central Hubei reporting supply shortfalls last month and curtailing supplies to businesses and factories in order to keep homes warm.

Spot LNG prices in Northeast Asia rose this week to $10.90 per million British thermal units, the highest in three years, according to industry publication World Gas Intelligence.

The National Development & Reform Commission, China’s top economic planner, last week reiterated its call for gas suppliers including China National Petroleum Corp. and China National Offshore Oil Corp. should speed up LNG imports to meet winter demand.

Bloomberg. 2017-12-21. China’s Winter Misery Brings LNG Traders Gift of Volatility

– Market to swing from tight winters to loose summers: WoodMac

– China’s LNG imports are up 48% this year through October

*

China’s self-inflicted heating crisis this winter signals deeper seasonal price swings that may be a boon for liquefied natural gas traders.

The arrival of a price-depressing glut of the fuel is no longer seen as inevitable. Instead, China’s surging winter heating needs will create larger summer-winter splits in the global LNG market and exacerbate price swings. That’s what has happened this year, as the cost of spot cargoes has nearly doubled since June.

It’s yet another ripple effect of China’s quest for cleaner skies, as policies forcing homes and factories to switch from burning coal to natural gas have reduced smog in Beijing while also creating shortages of the heating fuel in frigid northern cities. Traders and energy companies with access to tankers and uncommitted supply are positioned to benefit, Kerry-Anne Shanks, an analyst at Wood Mackenzie Ltd., said in an interview in Singapore.

“We see a market developing that’s quite strong in the winter, and in the summer is loose,” Shanks said. “It plays to the strengths of portfolio players who have the flexibility to deliver supplies to the premium markets.”

Spot LNG in Singapore was priced at $10.26 per million British thermal units on Monday, according to a Singapore Exchange Ltd. assessment, almost double the $5.141 it cost in early June.

Until this year, market consensus was that a flood of new gas export projects coming online in Australia, Russia and the U.S. would engulf a market marked by tepid demand growth.

Then China’s President Xi Jinping decided to make clearing smoggy skies a key part of his agenda. Government agencies converted millions of homes and tens of thousands of factories from coal to gas this year. LNG imports jumped by 48 percent over the first 10 months of the year, putting China on the verge of passing South Korea to become the world’s second-largest importer after Japan.

At the same time, construction problems have delayed some new production projects, such as Inpex Corp.’s Ichthys and Royal Dutch Shell Plc’s Prelude in Australia, said Graeme Bethune, chief executive officer of consultant EnergyQuest. Several LNG developments in the U.S. have also been pushed back to 2019 from next year, he said.

“Conventional wisdom said there would be a tsunami of new LNG coming that will force down LNG prices,” Bethune said. “Instead, moves by China are boosting prices. The question going forward is how much of these elevated prices are due to secular reasons and how much is due to seasonal demand.”

Shrinking Glut

China’s rising need for gas, as well as new demand from emerging markets spurred by lower prices, mean that a forecast glut of the fuel next year may be smaller and end sooner than earlier forecast. That’s an incentive for exporters from Australia to Qatar to reconsider projects that have been delayed or canceled.

“The strength of global LNG demand growth has surprised in 2017, and that could happen again in 2018,” Australia’s Woodside Petroleum Ltd. said in a statement. “That indicates that both LNG suppliers and LNG buyers are going to have to get to work to underpin new LNG supply projects, perhaps sooner than some expected.”

Most LNG demand is either from power and industrial use that is relatively flat through the year, or residential use that peaks in the winter when homes need to be heated. Many of the world’s largest LNG importers are in the northern hemisphere, so the peaks tend to arrive at the same time. Less storage space in China compared to countries like the U.S. limits its winter supply buffer and has contributed to the need for more imports.

Natural gas demand in China will be driven by coal-to-gas switching by industrial users, analysts at Goldman Sachs Group Inc. said in a report earlier this month, forecasting that the country’s heating challenges will keep markets tight for the next two to three winters.

All that adds up to a market that will be over-supplied in summer months and tight in winter, said Kittithat Promthaveepong, a gas analyst with industry consultant FGE in Singapore. In the summer, spot prices could drop low enough that some plants have to curtail production.

“The moment you reach the winter periods, there will be a lot of demand pull again,” he said. “We definitely think we’re going to see tight winters again in 2018 and 2019. The prices will spike up again in the winter months, but the extent should be lower due to the new U.S. and Australian supplies.”

Annunci
Pubblicato in: Cina

Nepal. Belt and Road. Progetto di collegamento ferroviario moderno con la Cina.

Giuseppe Sandro Mela.

2017-12-24.

Nepal 001

Diventa financo noioso riportare tutte le nuove tratte del progetto Belt and Road: ogni settimana inaugurano una nuova tratta oppure varano un nuovo progetto.

A giudicare dai risultati, i cinesi stanziano e spendono il denaro con rara oculatezza. Sarebbero un esempio da imitare.

*

Una sola considerazione.

La Cina sta investendo in questo progetto 1,500 miliardi di dollari americani.

L’Occidente ha investito in QE quasi seimila miliardi di dollari. Avrebbe potuto finanziare quattro progetti grandiosi tanto quanto il Belt and Road.

Non osiamo immaginare quali avrebbero potuto essere i ritorni economici ed il benessere propagato in tutto il mondo.


China Org. 2017-12-12. China’s rail: A Nepali dream

Currently, Nepal is at the helm of a parliamentary election, the first of its kind after the new constitution. As the nation is gripped by the election fever, an alliance of two major communist parties — CPN (Maoist Centre) and CPN (UML) — has generated heated debates on infrastructure developments. The first and second phases of polling are over, and the preliminary results have clearly shown landslide victory of the communist parties. 

During the nationwide campaigns, two top leaders of Nepal’s major communist parties Pushpa Kamal Dahal ‘Prachanda’ and KP Sharma Oli have repeatedly promised to link Nepal and China via rail services. Excited after the polls suggest the possibility of a landslide victory for the communist parties, the two former communist prime ministers have received warm applauds from the general public  and the private sector for vowing to bring in more Chinese investments to Nepal. 

Following the election alliance, the two communist parties have also issued a joint election commitment paper where they have promised to connect the eastern part of Nepal to the western belt and Rasuwa-Kathmandu-Pokhara-Lumbini via electronic rail services in the coming five years.   

Railway services are a long-awaited yet unfulfilled dream for the Nepalis. This is a serious issue since if Nepal were to use China’s existing high-speed train of 300 km per hour, Nepal’s east to west could be covered in about three hours while the journey from Kerung to Kathmandu, Kathmandu to Pokhara, and Pokhara to Lumbini could take only half an hour each.

Currently, the development of railway infrastructure has become a hot issue in discussions among scholars, university teachers and students, journalists and politicians too. In its editorial titled “A Rail to China” on November 12, Nepal’s popular vernacular newspaper NayaPatrika daily stated that railway in Nepal has become an image; an opportunity and an impression of strangeness among folks. But recently, the possibility of railway services has emerged as a tangible and achievable reality, ending decades-long gossip, further states the editorial. 

At a news conference in Kathmandu on November 17, Chinese Ambassador to Nepal Yu Hong said China is willing to become connected to Nepal via road and rail services. In the press brief organized after the 19th National Congress of the Communist Party of China to familiarize the Nepali media about the concept of Chinese President Xi Jinping, the Chinese ambassador also said China was committed to developing road and railways for deeper integration in economic, social, cultural and trade issues between the two countries. 

Constructing the railways from China to Nepal is obviously an arduous task given the adverse geographic terrain. But, the Nepali dream for the railway is expected to materialize due to Nepal’s participation in BRI, age-old close ties with China, Nepal’s political commitment to development followed by an upcoming stable communist government and, most importantly, Nepalese citizens’ deep rooted psyche to end the Indian high-handedness in Nepal that manifested in the economic blockade in 2015. 

To quote the statements of Nepal’s former Prime Minister, who is also a renowned architect, seems relevant here. “The extreme geography cannot limit us. Modern infrastructure technologies have offered many things for us. The Qinghai-Tibet Railway has already shown how modern railway technologies can link the most remote and difficult to reach places. So, linking China’s Tibet autonomous region and Nepal is possible both through technical and economic means,” Dr Bhattarai said in his speech made in the “21st Century Maritime Silk Road International Expo” in China’s Guangdong Province. 

Likewise, the dream for China’s train to Nepal has come further closer after a high-level 35-member Chinese team visited Rasuwa, Kathmandu, Pokhara and Lumbini, to carry out the preliminary feasibility study of a railway in Nepal in the second week of November. 

China’s National Railway Administration Deputy Chief Zheng Jian and other high-ranking officials visited Nepal and had interactions with top-level bureaucrats of the Ministry of Physical Infrastructure and Transport in Kathmandu. As the alignment of the railways was an issue of discussions among others, the team shall prepare estimates for the total cost after working on the feasibility study. However, based on the preliminary survey, the construction is forecast to cost NPR 270 billion for the 100 km railway from the Chinese border town of Kerung to Kathmandu. 

China is expected to construct a railway to Kerung, a small town along the Nepal-China border, by 2020 which will then stretch to connect to Nepal, given Nepal’s political commitment. So, enhancing road links between Nepal and China is not only related to reducing transportation costs or trade promotion, rather it should be viewed in a bigger framework to overhaul the economies of the peoples in both the countries. The railway shall create a huge market and this in turn would yield productivity growth and cultural connectivity. And, China’s role in railway development would be a landmark support for Nepal’s stability and prosperity. This is what the Nepalis are expecting from their northern neighbor.

Pubblicato in: Devoluzione socialismo, Unione Europea

Europa dell’Est e povertà dilagante. Incuria dell’Unione Europea.

Giuseppe Sandro Mela.

2017-12-23.

2017-12-16__Europa dell'Est e povertà dilagante.__001

Fare paragoni è sempre cosa antipatica, ma alla fine si è obbligati a farlo.

Mentre non passa giorno che non si legga come la Cina abbia ampliato il proprio programma One Belt One Road, investendo oltre 1,500 miliardi Usd in infrastrutture in Asia, in Africa ed adesso anche nei paesi dell’est europeo, sembrerebbe lecito domandarsi cosa abbia mai fatto l’Unione Europea per i paesi confluiti nell’Unione dopo l’implosione del comunismo.

La figura dovrebbe essere esplicativa.

L’Unione Europea ha esportato solo la sua Weltanschauung liberal e socialista ideologica: tutti omosessuali oppure nessuno aiuto; accettare le ngo (ong) oppure nessun aiuto; accettare la Corte di Strasburgo oppure nessun aiuto. Fondi in gran parte per personale, molto scarsi per gli investimenti, specie nelle infrastrutture.

Alla resa dei conti, ad oggi la Cina ha investito nelle infrastrutture nei paesi ex-est europeo una cifra quattro volte maggiore di quella erogata dall’Unione Europea.

«Around half of Romanians say they have problems such as affording heat or food»

*

«Romania may have the European Union’s fastest-growing economy, but it’s also unrivaled in a less flattering indicator: social deprivation»

*

«inability to keep their homes warm or afford a meal with meat or fish every other day»

* * * * * * * *

È troppo facile ripetere che la colpa è dei Rumeni.

È troppo facile dare sempre la colpa agli altri.

Ad oggi, investe in Romania, in infrastrutture, più la Cina che non l’Unione Europea.

La realtà è questa.


Bloomberg. 2017-12-14. EU’s Fastest Growth Rate Masks Deepest Level of Deprivation

Around half of Romanians say they have problems such as affording heat or food.

*

Romania may have the European Union’s fastest-growing economy, but it’s also unrivaled in a less flattering indicator: social deprivation.

One in two Romanians cited problems including an inability to keep their homes warm or afford a meal with meat or fish every other day, according to a Eurostat report this week. That’s more than three times the EU average. Romania’s economy grew 8.8 percent in the third quarter, the most in almost a decade.

Despite Bulgaria being the bloc’s poorest country in terms of gross domestic product per capita, Romania fared worse than its neighbor in the annual deprivation survey. The data show some ex-communist EU members will need to maintain their recent economic outperformance to significantly narrow the wealth gap with the continent’s richer west. That may not be easy.

Romania’s government “cut investment to the lowest level on record, failed to absorb EU funds and stoked uncertainty in the private sector by changing taxation,” said Dan Bucsa, a London-based economist at UniCredit Bank AG. “All these will weigh on potential growth and will prevent a faster convergence in living standards.”

It wasn’t all bad news for eastern Europe. Levels of deprivation in the Czech Republic and Poland dropped below those of France and the U.K. That may provide hope for Romania and others still struggling.

Pubblicato in: Cina, Materie Prime, Russia

Russia. Klyuchevskoye. Appaltato ai Brics lo sfruttamento delle miniere aurifere.

Giuseppe Sandro Mela.

2017-12-12.

Klyuchevskoye 002

Klyuchevskoye è un paese posto a 50.75 latitudine nord, posto al confine tra Russia e Mongolia.

Dire che sia un posto freddo di inverno sarebbe riduttivo: ci si gela. Facilmente il termometro scende sotto i -50°C.

Però questa zona dispone di giacimenti auriferi, non troppo ricchi, ma degni di essere utilizzati. I costi di estrazione sono alquanto elevati in comparazione con quelli delle miniere del South Africa, ma con le attuali quotazioni dell’oro lo sfruttamento inizierebbe ad essere remunerativo.

Ma il discorso non si estingue nel mero aspetto economico.

Gran ruolo svolge quello politico.

Klyuchevskoye 001

«The purpose of the agreement is to implement the investment project to develop the Klyuchevsky gold deposit in the Trans-Baikal Territory»

*

«Concluding the agreement will facilitate the formation and development on an integrated complex for mining and processing minerals and help create about 3,000 jobs in the region»

*

«By signing the directive, Russia approved the draft Agreement between the Government of the Russian Federation and the Government of the People’s Republic of China on Cooperation to Implement the Project to Develop the Klyuchevskoye Gold Deposit (hereinafter referred to as the Agreement).»

*

«The Agreement consolidates the terms allowing the company China National Gold Group Hong Kong Limited (Hong Kong, People’s Republic of China) or any other company it fully controls (either directly or indirectly) to acquire no less than 60 percent and no more than 70 percent of the voting shares of the Rudnik Zapadnaya-Klyuchi joint stock company»

*

«including the formation and development on an integrated complex on mining and processing minerals»

*

«The Agreement provides for the production of precious metals on Russian territory. It also includes measures to support Russian producers of mining and other auxiliary equipment»

* * * * * * * *

La Cina controllerebbe il pacchetto di maggioranza, ma ad agire sarebbe un consorzio.

«A consortium made up of the Chinese state-owned mining firm China National Gold Corporation, India’s SUN Mining Group and the Russian Far East Development Fund, as well as funds from South Africa and Brazil is prepared to invest up to $500 million in the development of the Klyuchevskoye gold field in the Transbaikal region (over 4,000 miles east of Moscow).»

Al di là degli aspetti su citati, sarebbe da mettere in evidenza il rapporto collaborativo che si sta instaurando tra i paesi afferenti il Brics.

Sono solitamente accordi nei quali tutte le componenti devono poter godere di una propria parte.

Questa è una gran bella lezione per l’Occidente.


The Russian Government. 2017-11-17. Russia’s approval of the draft cooperation agreement between the governments of Russia and China to develop the Klyuchevskoye gold deposit (Trans-Baikal Territory)

The purpose of the agreement is to implement the investment project to develop the Klyuchevsky gold deposit in the Trans-Baikal Territory. Concluding the agreement will facilitate the formation and development on an integrated complex for mining and processing minerals and help create about 3,000 jobs in the region.

Reference

Submitted by the Ministry of Industry and Trade.

By signing the directive, Russia approved the draft Agreement between the Government of the Russian Federation and the Government of the People’s Republic of China on Cooperation to Implement the Project to Develop the Klyuchevskoye Gold Deposit (hereinafter referred to as the Agreement).

The Agreement consolidates the terms allowing the company China National Gold Group Hong Kong Limited (Hong Kong, People’s Republic of China) or any other company it fully controls (either directly or indirectly) to acquire no less than 60 percent and no more than 70 percent of the voting shares of the Rudnik Zapadnaya-Klyuchi joint stock company with a view to creating favourable terms for investment cooperation in developing the Klyuchevskoye gold field.

Implementation of the investment project to develop the Klyuchevskoye gold deposit will support the deposit’s geological exploration and mining, including the formation and development on an integrated complex on mining and processing minerals. The Agreement provides for the production of precious metals on Russian territory. It also includes measures to support Russian producers of mining and other auxiliary equipment.

The Agreement will facilitate the creation of jobs in the Trans-Baikal Territory (about 1,000 direct jobs and about 2,000 related jobs), higher tax revenues for the budgets of the Russian Federation, and the development of the region’s infrastructure.

In accordance with the federal law On International Treaties of the Russian Federation, after it is signed the Agreement must be ratified because it establishes rules that differ from those stipulated by Russian law.


Russia Beyond. 2016-10-24. BRICS countries to invest $500 million in Russian gold deposit

A new agreement to restart exploration and extraction at a mine in Siberia marks a milestone in the development of economic ties among the BRICS nations.

A consortium made up of the Chinese state-owned mining firm China National Gold Corporation, India’s SUN Mining Group and the Russian Far East Development Fund, as well as funds from South Africa and Brazil is prepared to invest up to $500 million in the development of the Klyuchevskoye gold field in the Transbaikal region (over 4,000 miles east of Moscow). The agreement was signed during the most recent BRICS summit, which that took place in the Indian resort of Goa on Oct. 15-16. According to plans for the site, Klyuchevskoye will become operational three years after investment becomes available and will yield some 6.5 tons of gold per year.

This is the first mining deal in the history of BRICS that involves all five member states, which makes it particularly significant, says Wiktor Bielski, global head of commodities research at VTB Capital. Bielski adds that the agreement paves the way for bigger projects in the future that can benefit a wide range of BRICS investors.

Benefits for the partners

The Klyuchevskoye gold deposit was explored a long time ago, however, the bulk of the gold was not extracted because of the costly development process that was halted some 20 years back,according to Alexei Kalachev, an expert analyst with FINAM investment firm in Moscow. The China National Gold Corporation, however, has the relevant technological experience to extract and process the gold, Kalachev said.

The deposit is currently owned by India’s SUN Gold, Ltd., part of the SUN Mining Group, which has not begun to develop it. In August 2016, the Russian Federal Antimonopoly Service said that the China National Gold Group intended to buy 70 percent in the deposit from SUN Gold. According to Kalachev, the idea of a consortium may have evolved from an attempt to speed up the deal at the highest levels.

The Klyuchevskoye gold deposit is not especially rich; at its stated production volumes and reserves, it will have a life cycle of 11-12 years, while the average life cycle of gold mines worldwide is 15-16 years, says Artem Kalinin, a portfolio manager at Leon Family Office. Additionally, the cost of production at Klyuchevskoye is being forecast at the average global level. “That said, the Chinese are used to operating in this mode: the country’s steel and coal industries have very weak production costs, but they have so far been feeling quite alright thanks to cheap financing and state support,” Kalinin said.

Russian gold mining companies are currently not taking part in developing Klyuchevskoye, but according to Kalinin, Russia stands to gain regardless of who develops the site. “The Russians will get an opportunity to borrow new technologies and to get an infrastructure that the Chinese will build,” he said.

Alexei Kalachev notes that other obvious upsides for Russia include a rise in tax revenues, new jobs and an inflow of foreign investment.

What’s in it for China?

Despite the fact that China is the world’s leader in gold mining and one of the world’s largest consumers of the precious metal, its resource base is rather weak, says Kalinin. The CIS countries host the majority of the world’s gold reserves — 28 percent. Another 20 percent of the reserves are located in North America while Asian reserves make up just 11 percent.

Oleg Remyga, head of China studies at the Moscow School of Management Skolkovo, notes that China’s gold production is falling — it was down 0.4 percent in 2015 — while consumption is rising — up + 3.7 percent in 2015. “Hence, the clear ambition of Chinese companies to enter international markets,” Remyga explained.

According to Remyga, the China National Gold Group’s investment in the Klyuchevskoye deposit is part of this bigger drive for resources. Chinese companies have already purchased shares in Canada’s Pinnacle Mines, Ltd. as well as 50 percent of shares in a deposit in Papua New Guinea owned by Barrick Gold Corp. “I am convinced that it is just the beginning of acquisitions of Russian gold-mining assets by Chinese companies, such as Zijin Mining, China Gold, Zhaojin Mining Industry, and Shandong Gold,” Remyga said, adding that negotiations with them have been going on already for five years. 


Russia Beyond. 2016-10-24. Kamchatka to quadruple gold mining to 18 tons by 2025

The project to be presented at the Eastern Economic Forum in September

The Kamchatka Terrotiry will boost gold mining fourfold from 4.2 tons in 2015 to 18 tons by 2025, with the bulk of it provided by a concentration mill at the Ozernovskoe goldfield. This project will be presented at the second Eastern Economic Forum, Kamchatka Governor Vladimir Ilyukhin said on Aug. 29.

“The Ozernovskoe goldfield is the largest among those explored in Kamchatka. Its area is 100 square km and its gold volume is around 10 tonnes yearly. We plan to attain gold mining levels of around 15-18 tons yearly,” the governor stated.

Apart from the Ozernovskoe goldfield concentration plant, Kamchatka will also present its air terminal, battery farm and greenhouse projects at the EEF.

The second Eastern Economic Forum is scheduled to take place on Sept. 2-3 in Vladivostok.

Pubblicato in: Cina, Commercio, Economia e Produzione Industriale, Unione Europea

Cina. Ceec, un nome da imparare. Dazi ridotti dal 17.3% al 7.7%.

Giuseppe Sandro Mela.

2017-11-27.

Visegrad 001

Tutte le notizie possono essere commentate da differenti punti di vista, ciascuno dei quali mette in particolare risalto uno dei tanti aspetti.

Tra di questi, uno è costantemente sorvolato e sottotaciuto dai media occidentali: argomento particolarmente scomodo, ma non per questo inesistente.

Mentre l’Occidente sta dibattendosi in una crisi politica di severa portata, che raggiunge il suo massimo espressivo nella impossibilità di formare governi coesi e determinati, con movimenti e partiti minoritari che si rifiutano di accettare il ruolo di essere minoranze, mentre l’Occidente disperde l’opinione pubblica su temi etici e morali di dubbia consistenza ed utilità, mentre l’Occidente constata la evanescenza delle proprie teorie economiche non più, e vistosamente, in grado di gestire i tempi correnti, la Cina e la Russia stanno sviluppando un piano politico ed economico volto a formare un nuovo baricentro euroasiatico.

Molte quindi le possibili considerazioni.

In primo luogo, mentre in passato l’Occidente rendeva conto di gran parte dell’economia mondiale, al momento attuale le nazioni del G-7 generano circa il trenta per cento del pil mondiale. Il sistema economico occidentale non ha quindi dimensioni e forza per condizionare il resto del mondo, mentre questo ultimo ha dimensioni e forza per condizionare l’Occidente. La conseguenza è lapalissiana: l’Occidente non è più libero di scegliersi le strade da percorrere e le modalità di azione: o si adegua, oppure soccombe.

In secondo luogo, l’Unione Europea ha iniziato a frantumarsi. Se i partiti bollati come ‘populisti’ non hanno ancora conquistato dei governi europei, con la loro stessa presenza ne condizionano indirizzi ed azioni. La crisi politica francese ed austriaca, spagnola ed italiana, nonché quella tedesca paralizzano l’Unione Europea. Paralisi politica che si riverbera severamente sulla attività della Banca Centrale, proprio nel momento di inizio del tapering.

In terzo luogo, fino a quando aveva un qualche potere, Frau Merkel ed i suoi alleati europei si erano posti per motivazioni ideologiche in posizioni conflittuali con i paesi del Visegrad e, più generalmente parlando, con quelli dell’est europeo, Russia compresa. In alcune dichiarazioni, la dirigenza dell’Unione si era anche sbilanciata al punto di voler imporre al Visegrad sanzioni. Alla luce dell’attuale crisi queste posizioni sembrerebbero essere non più a lungo sostenibili.

In quarto luogo, come prima ricordato, l’Unione Europea non è più libera di decidere ciò che vuole. La Cina, assieme alla Russia, ha sviluppato il Ceec, China and Central and Eastern European Countries, nel cui ambito si muove con saggi criteri paritetici, senza esercitare la minima pressione sulle situazioni interne dei paesi membri. Una unione economica di sedici paesi. Molto significativo l’esame del sito di questa nuova organizzazione. Le fotografie prese ad icona dei singoli stati, per Bosnia Erzegovina, Bulgaria, Repubblica Ceka, Estonia, Ungheria, Lettonia, Macedonia, Polonia, Serbia, e Slovenia sono chiese, fatto del tutto impensabile invece nell’Unione Europea.

In quinto luogo, appaiono evidenti almeno due aspetti dell’interna questione. Come detto prima, la Cina non interferisce in nulla nei problemi interni dei paesi partner, ma investe cifre colossali in infrastrutture di trasporti ed utilities che nell’ambito del progetto Belt and Road superano abbondantemente i millecinquecento miliardi di dollari. Queste due considerazioni evidenziano il netto contrasto con il modo di agire dell’Unione Europea, che devolve la quasi totalità del proprio bilancio in welfare oppure in imprese ideologiche avulse dalle esigenze correnti dei mercati.

In sesto luogo, i numeri parlano chiaro. I paesi dell’est europeo stanno ricevendo più fondi dalla Cina che non dall’Unione Europea, che, anzi, fa persino pesare quel poco che concede. È evidente che alla fine queste nazioni saranno anche costrette a rivedere il proprio schieramento in seno alla Nato, con tutte le sequenziali conseguenze.

*

Dazi doganali ridotti dal 17.3% al 7.7%?

Sicuramente questa manovra faciliterà le esportazioni verso la Cina, anche se nel contempo ne consoliderà la leadership. Ma altrettanto sequenzialmente evidenzia come un miglioramento del sistema economico occidentale dipenda più dalla Cina e dalla Russia che non dall’Occidente.


XinuaNet. 2017-11-26. China to cut tariffs on consumer goods

BEIJING, Nov. 24 (Xinhua) — China will further reduce tariffs on consumer goods, including food and infant formula, in the third cut since 2015.

Effective next month, the average import tax on some food, health products, medicine, daily chemicals, clothing, footwear, and other products will drop to 7.7 percent from 17.3 percent, the Ministry of Finance (MOF) said Friday in an online statement.

Some types of baby milk powder and diapers will have zero tariffs, according to an MOF list.


XinuaNet. 2017-03-05. China collects over 400 bln yuan in taxes from major FTZs

BEIJING, March 5 (Xinhua) — China collected 409 billion yuan (59.3 billion U.S. dollars) in taxes in four major free trade zones (FTZs) last year, data from the State Administration of Taxation (SAT) showed.

The tax revenue growth was driven by fast development, reasonable industrial structure and strong innovation in the Shanghai, Tianjin, Fujian and Guangdong FTZs.

Nearly 90 percent of the tax revenue came from the modern services sector, while high-end manufacturing witnessed strong growth in tax revenue, SAT data showed.

SAT data showed tax receipts from car manufacturing had annual growth of 44 percent last year, 34 percentage points higher than the national average.

Internet, software and information technology services posted stellar growth in tax revenues. The Guangdong FTZ, supported by tech-hub Shenzhen, saw tax revenues from the two sectors increase 470 percent and 390 percent respectively year on year.

FTZs are part of government efforts to test reform policies, including interest rate liberalization and fewer investment restrictions to better integrate the economy with international practice.

China launched its first FTZ in Shanghai in 2013. In late 2014, Tianjin, Fujian and Guangdong were allowed to set up a second group of FTZs. Another seven were approved in August 2016 in a bid to replicate the success of previous trials.


XinuaNet. 2017-11-26. Chinese premier leaves for Hungary visit, SCO meeting in Russia.

«BEIJING, Nov. 26 (Xinhua) — Chinese Premier Li Keqiang left Beijing on Sunday morning for an official visit to Hungary and the sixth meeting of heads of government of China-Central and Eastern European Countries in Budapest.

Li will also attend the 16th meeting of the Council of Heads of Government (Prime Ministers) of the Shanghai Cooperation Organization in the Russian city of Sochi from Nov. 30 to Dec. 1.»


XinuaNet. 2017-11-26. Premier Li vows to bring China-CEEC cooperation, China-Hungary ties to new high

«BUDAPEST, Nov. 26 (Xinhua) — Chinese Premier Li Keqiang has vowed to bring cooperation between China and the 16 Central and Eastern European countries (CEEC) and relations between China and Hungary to a higher level.

Li made the statement in an article published on the newspaper The Hungarian Times before attending the sixth meeting of heads of government of China and the CEEC on Nov. 26-29 in Budapest and paying an official visit to Hungary. Full Story»

*

BUDAPEST, Nov. 26 (Xinhua) — Chinese Premier Li Keqiang has vowed to bring cooperation between China and the 16 Central and Eastern European countries (CEEC) and relations between China and Hungary to a higher level.

Li made the statement in an article published on the newspaper The Hungarian Times before attending the sixth meeting of heads of government of China and the CEEC on Nov. 26-29 in Budapest and paying an official visit to Hungary.

“This is an important meeting held at the fifth anniversary of the launching of China-CEEC cooperation (16+1 cooperation). I’m looking forward to the meeting and the visit,” Li said.

Noting that Chinese President Xi Jinping announced in May the establishment of a comprehensive strategic partnership between the two countries, Li said he is full of confidence about China-Hungary relations and the prospect of China-CEEC cooperation.

The premier recalled that the first China-CEEC economic and trade forum was held in Budapest in 2011 and, a year later, the 17 countries established a new trans-regional cooperation platform, called the 16+1 cooperation.

Over the five years, the 16+1 cooperation has been growing and the mechanism improving, bringing about remarkable progress to cooperation in all fields, Li said.

Political mutual trust between China and the CEEC countries has been deepened, with the two sides having established cooperation mechanisms in about 20 areas, he said.

Economic cooperation has been growing steadily, with bilateral trade increasing to 58.7 billion U.S. dollars in 2016 from 43.9 billion dollars in 2010 and the completion of a number of landmark infrastructure projects, said the premier.

People-to-people exchanges have been strengthened in the fields of education, culture, health, tourism, media, think tank, political party and youth, and at local levels, he said.

After a great start, the 16+1 cooperation demands a new direction and new momentum, the premier said, adding that he will work with CEEC leaders to review what the two sides have achieved in the five years and draw a blueprint for the future.

On China-Hungary ties, Li said both countries are beneficiaries and supporters of economic globalization, and it is in line with the fundamental interests of the two countries to stick to trade and investment liberalization and facilitation.

Speaking highly of the strategic alignment of the China-proposed Belt and Road Initiative with Hungary’s Eastern Opening policy, Li said the Belt and Road Initiative and 16+1 cooperation have put the two countries’ economic and trade cooperation on a fast lane, with progress made in the areas of investment, finance, agriculture, scientific and technological innovation and small and medium-sized enterprises.

China and Hungary have also made strides in people-to-people exchange and cooperation in the areas of culture, education, sports, tourism and traditional Chinese medicine, he said.

Both sides hold that China-Hungary ties have entered the best period in history, Li said.

The 19th National Congress of the Communist Party of China has set out a grand blueprint and action guideline for future development of China, said Li, adding that a more open and prosperous China will surely bring more and greater opportunities to all countries in the world including Hungary.


XinuaNet. 2017-11-26. Commentary: Less anxious, more active EU needed in China-CEE cooperation

«BUDAPEST, Nov. 26 (Xinhua) — As Chinese Premier Li Keqiang heads to Budapest on Sunday for the sixth meeting of heads of government of China-Central and Eastern European (CEE) Countries, the once lagging behind part of Europe gets another chance to showcase its new title — the fastest growing region in Europe.

Data from the European Union (EU) lists Romania (8.6 percent in Q3, 2017), Latvia (6.2 percent), Poland and Czech Republic (both 5.0 percent) as top four fastest growing economies in the Union, which happen to be members of the China-CEE cooperation framework and take the lion’s share of China’s investment in the region.»


XinuaNet. 2017-11-26. Transport most promising field of cooperation between Poland, CEEC, China: Polish PM.

WARSAW, Oct. 25 (Xinhua) — Polish Prime Minister Beata Szydlo on Wednesday said transport is “one of the most promising fields of cooperation between Poland, the whole Central and Eastern Europe, and China.”

She made the statement as ministers of transport from China and Central and Eastern European Countries (CEEC) met here on Wednesday for the second CEEC-China Transport Ministers’ Meeting, which aims to improve cooperation in the area of transport.

During the opening ceremony, Szydlo said Poland has plans to develop the country’s transport infrastructure, including road, rail, air, sea links and inland waterways.

He Jianzhong, vice-minister of transport of China, said that China is willing to work with CEEC to promote the integration of Eurasian transport, accelerate interconnection of infrastructure and work together for a new chapter in China-CEEC transport cooperation.

 

Pubblicato in: Cina, Devoluzione socialismo, Senza categoria, Unione Europea

Spagna. Catalogna. Problema non locale ma mondiale, ed anche cinese.

Giuseppe Sandro Mela.

2017-11-06.

gatto Incazzato 01

La situazione spagnola si è risolta come da copione.

Un referendum velleitario portato avanti da velleitari.

Una cosa è organizzare manifestazioni di piazza, un’altra pubblicare vignette su Facebook, un’altra ancora fomentare sentimenti irrazionali: in fondo questo è uno dei segni del decadimento di questa società dei videogiochi.

La libertà, quella vera, la si conquista con il sangue e sempre con il sangue la si mantiene.

La storia non usa mezze misure: la storia non è agone per gli eunuchi.

Restano sul tavolino, irrisolti, tutti i problemi di una Europa nella quale gli spiriti nazionali e le tradizioni locoregionali stanno pigliando sempre più vigore e pongono il problema politico e diplomatico di come ricomporre la civile convivenza.

Problemi che sembrerebbero suggerire più un sistema confederato che un stato europeo.

Ma non ci si illuda.

Proprio ieri, quarantamila baschi sono scesi in strada, nonostante la pioggia battente, a dimostrare per la Catalogna.

Thousands of Basque protesters take sides in Catalonia dispute

Catalogna oppure Scozia, Veneto oppure kurdi, questi problemi di identità nazionale e storica sono aspetti reali e concreti, che i governi non possono eludere più a lungo. Nel contempo sono solo parzialmente locali: in realtà sono di interesse globale. Occorre essere ben equilibrati.

Come l’unità di Italia non fu certo decisa a Torino, bensì a Parigi ed a Londra, allora egemoni in Europa, così ogi per la Catalogna è stato fattore fondamentale la voce del paese emerso verso l’egemonia mondiale.

«Catalonia attracted 40 percent of China’s total investment in Spain as 29 Chinese companies chose to base themselves in Catalonia»

*

«China’s position on this issue has been consistent and unequivocal…We understand and support the Spanish government’s effort to uphold national unity, ethnic solidarity, and territorial integrity, oppose the act of splitting the country and undermining the rule of law, and believe Spain is capable of upholding the social order and safeguarding the rights and interests of its citizens»

*

«La Cosco, azienda leader del settore navale cinese e perno della Nuova Via della Seta nel mar Mediterraneo, porta a termine l’acquisizione dei maggiori porti spagnoli da JP Morgan e nomina il cinese Kai Sun, già noto per aver gestito l’acquisizione del Pireo, come amministratore delegato del consorzio Noatum Ports. Insieme a lui è stato nominato come presidente di Noatum sempre il cinese Wei Zhang e nel c.d.A. arriva anche un altro cinese, Ken Chan. Una triade cinese che oggi sa di avere in mano una buona parte del commercio navale spagnolo»

*

Piaccia o meno, questa è solo una constatazione di Realpolitik.


The Diplomat. 2017-11-01. China Backs Spanish Government Amid Catalonia Crisis

Amid the escalating Catalonia crisis, China offered the Spanish government its “consistent and clear” support.

On October 27, Catalonia declared independence from Spain after a disputed referendum. Minutes later, Madrid announced it would resume direct rule of Catalonia.  On October 30, Spain’s state prosecutor called for charges of rebellion, sedition, fraud, and misuse of funds against the former Catalan leaders, while the former regional president has already left for Belgium with other members of his administration, according to Reuters.

Faced with a round of questions related to the Catalonia crisis at the regular press briefing, Chinese foreign ministry spokesperson Hua Chuying offered the Spanish government strong support, despite noting that the issue actually “ falls within Spain’s internal affairs.” Hua said:

«China’s position on this issue has been consistent and unequivocal…We understand and support the Spanish government’s effort to uphold national unity, ethnic solidarity, and territorial integrity, oppose the act of splitting the country and undermining the rule of law, and believe Spain is capable of upholding the social order and safeguarding the rights and interests of its citizens.»

Regarding relations between China and Spain, Hua said, “We will continue to develop friendly cooperation in various fields with Spain following the principle of mutual respect for each other’s sovereignty and territorial integrity and mutual non-interference in each other’s internal affairs. ”

Generally speaking, China tends to oppose most independence or secessionist movements around the world, since China itself is struggling with advocacy for independence in various regions.

Chinese President Xi Jinping has taken a particularly strong stance toward any independent movements within China’s territory. During the recent 19th National Congress of the Chinese Communist Party, Xi said in his opening speech that China will “resolutely safeguard the national sovereignty and territorial integrity and will absolutely not tolerate the tragedy of the country’s split.”

Against this backdrop, China’s position on Catalonia crisis is in line with its domestic policy.

Meanwhile, China has been strengthening ties with Spain in recent years. Particularly, Chinese investment in Spain has been increasing in a remarkable pace. According to a report from Baker McKenzie, a multinational law firm, in 2016, China’s investment in Spain quadrupled compared to the previous year, reaching €1.7 billion ($1.98 billion). Catalonia, in particular, received the most attention from Chinese investors. According to the government of Catalonia, in 2015, Catalonia attracted 40 percent of China’s total investment in Spain as 29 Chinese companies chose to base themselves in Catalonia.  The government of Catalonia also said it “aims to attract Chinese and other Asian companies and facilitate the implementation and distribution of their goods in Europe.”

At the recent press briefing, Hua mentioned that China is  “paying great attention” to the situation in Catalonia.

Pubblicato in: Cina, Finanza e Sistema Bancario

Banche di Hong Kong. Negli ultimi cinque anni il +14% all’anno.

Giuseppe Sandro Mela.

2017-11-01.

2017-10-31__Cina__Bank of China (Hong Kong) Ltd.

Bank of China (Hong Kong) Ltd


La regola aurea per diventare, e rimanere, ricchi è quella di evitare i suggerimenti dei consulenti economici e finanziari poveri.

Sarebbe una pia illusione che un funzionario a 1,400 euro al mese possa dare i suggerimenti necessari all’arricchimento. Se avesse saputo darli, sarebbe divento lui stesso ricco.

Una banca taccagna e piangiolenta, tutta tesa ad ossequiare leggi, normative e regolamenti è tale perché non sa proprio come fare a regolarsi. Si dovrebbe poi pretendere che usi buon senso con i clienti?

Oppure, come si potrebbe pretendere che una banca con i conti in dissesto possa rendere fiorenti i nostri conti?

*

Ma il mondo è diventato piccolo, molto piccolo.  Hong Kong è una simpaticissima città: vi si trova tutto e di tutto. Ivi comprese delle signore banche.

Che godono un’ottima salute, accolgono a braccia aperte e, soprattutto, stanno pazientemente a sentire le esigenze dei clienti, che seguono con la cura di una nutrice. Non taglieggiano i clienti con commissioni esose, e ben si guardano da cambiare unilateralmente le condizioni del conto.

Non esiste esigenza alla quale rispondano: non è possibile. E questo anche per chi avesse un conto talmente piccolo da fare tenerezza. Sanno che è compito loro farlo diventare un conto di tutto rispetto.

Come risultato, guadagnano e fanno guadagnare.

Hong Kong retail banks’ profits up 4.5 per cent in first three quarters

Banks are closing branches all over the world, but why not in Hong Kong?

L’ HSBC Group aveva nel 2016 una revenue di 47.96 miliardi Usd

Bank of China (Hong Kong) Ltd. Financial Highlights.

«Tight cost control along with better asset quality has allowed Hong Kong’s biggest banks to offer shareholders the highest returns in the region»

*

«The large banks in Hong Kong are some of the most profitable in the world»

*

«In this regard, HSBC Hong Kong, Bank of China Hong Kong and Hang Seng Bank have performed much better than Standard Chartered and Bank of East Asia»

*

«Morgan Stanley analysts calculated that Hong Kong banks’ have offered returns with a compound annual growth rate of approximately 14 per cent over the past five years, the strongest performance among all the Asia Pacific ex Japan MSCI country bank indices for the period»

* * * * * * * *

Riassumendo.

Negli ultimi cinque anni le banche di Hong Kong hanno fruttato mediamente il 14% ogni anno.

È un biglietto da visita degno di essere preso in attenta considerazione.


South China Morning Post. 2017-10-29. Hong Kong banks among world’s most profitable thanks to low costs, better asset quality

Tight cost control along with better asset quality has allowed Hong Kong’s biggest banks to offer shareholders the highest returns in the region.

*

The large banks in Hong Kong are some of the most profitable in the world, partly due to their low costs, according to industry experts.

Banking analysts say this is partly a result of market fundamentals, but also comes down to cost control decisions taken by the banks themselves. In this regard, HSBC Hong Kong, Bank of China Hong Kong and Hang Seng Bank have performed much better than Standard Chartered and Bank of East Asia.

Other factors driving the sector’s profitability include high loan growth and few substantial problems with asset quality.

Morgan Stanley analysts calculated that Hong Kong banks’ have offered returns with a compound annual growth rate of approximately 14 per cent over the past five years, the strongest performance among all the Asia Pacific ex Japan MSCI country bank indices for the period.

Their performance can also be seen in Hong Kong’s contribution to the results of the large global banks with a presence in the city.

HSBC Group as a whole made pre tax profits of US$10.2 billion in the first half of this year; HSBC in Hong Kong alone made nearly half that figure – US$4.6 billion.

Standard Chartered announced first half pre tax profits of US1.91 billion at a group level; Standard Chartered Bank Hong Kong made just over a third of that – US$662 million.

“[This] offers a reminder of the dominance of Hong Kong, despite the fact that Standard Chartered’s recent growth in Hong Kong has been ‘soft’ relative to peers,” Ian Gordon, head of bank research at Investec, said in a report.

Anil Agarwal, head of Asia ex Japan banks research at Morgan Stanley, said profitability of the largest banks in Hong Kong was “partly the nature of the beast”.

“For banks the largest cost is on the liability side, actually raising the assets to lend. But in Hong Kong, if you have consolidated market share, you need a lot fewer branches to raise a deposit base,” he said.

In Hong Kong, deposits per capita are over US$200,000, the highest in Asia. To take an example at the opposite end of the spectrum, in India they are 80,000 rupees (US$1,200).

Consequently, large banks in Hong Kong can raise a lot of money more cheaply than their competitors overseas, and gain greater returns when they lend it out.

However, Agarwal said the low cost base of the largest Hong Kong banks was also a result of actions taken by the banks themselves.

Morgan Stanley analysts, including Agarwal, said in a report that of the top five banks in Hong Kong, the three largest (HSBC Hong Kong, Bank of China Hong Kong and Hang Seng) were much more efficient from a cost perspective than the other two (Standard Chartered and Bank of East Asia).

The first three had a cost to income ratio of under 40 per cent in 2016, as opposed to one of about 60 per cent for BEA and Standard Chartered.

BEA is in the middle of a three year cost cutting programme, although Standard Chartered says it has completed its attempts to cut costs.

“The three largest banks are absolutely great in terms of cost control,” said Agarwal.

“It is easy for banks to fritter away cost advantage by spending more on staff costs or expansion, but the largest Hong Kong banks have been very disciplined in keeping a tight leash on cost income ratios.”

As for profits, loan growth has been strong in Hong Kong, and across the sector loans in the first six months of this year were up 15 per cent compared to the same period last year.

One reason for this was policies on the mainland. Deleveraging means that mainland banks are less willing to lend to corporates, who instead look to Hong Kong banks. Yue Yi, chief executive of Bank of China Hong Kong, said in June that capital controls on the mainland had driven more Chinese corporates to borrow in Hong Kong.

However, even loans for use in Hong Kong were up 14 per cent year on year, as the economy has performed well.

As for asset quality, analysts have two major concerns for Hong Kong banks – mainland lending, and mortgages – but neither offer a major threat at this stage.

“China-related lending, undoubtedly, will remain the biggest concentration risk for Hong Kong banks. However, the way it is managed and supervised is evolving and we have been seeing corrective actions from some banks or in other cases just a sensible slow-down which supports their loan quality,” said Sabine Bauer, senior director at ratings agency Fitch.

As for property, this is a concern but residential mortgages made up just 5 per cent of the banking systems assets at the end of 2016, and since then the HKMA has taken repeated action to limit banks’ exposure to the property sector.



Bank of China (Hong Kong) Ltd.
Tel.: +852-2826-6888
Fax: +852-2810-5830
Sito Web

Bank of Communications Co., Ltd. – Hong Kong Branch
Tel.: +852-2239-5559
Sito Web

China CITIC Bank International Ltd.
Tel.: +852-2287-6767
Sito Web

China Construction Bank (Asia) Corporation Ltd.
Tel.: +852-2779-5533
Fax: +852-3718-3273
Sito Web

Chiyu Banking Corporation Ltd.
Tel.: +852-2843-0111
Fax: +852-2810-4207
E-mail: chiyu@chiyubank.com
Sito Web

Chong Hing Bank Ltd.
Tel.: +852-3768-6888
E-mail: customerservice@chbank.com
Sito Web

Citibank (Hong Kong) Ltd.
Tel.: +852-2860-0333
Fax: +852-3009-2883
Sito Web

Dah Sing Bank Ltd.
Tel.: +852-2828-8168
Sito Web

DBS Bank (Hong Kong) Ltd.
Tel.: +852-2290-8888
Sito Web

Fubon Bank (Hong Kong) Ltd.
Tel.: +852-2842-6222
Fax: +852-2810-1483
E-mail: cs.inquiry.fbhk@fubon.com
Sito Web

Hang Seng Bank Ltd.
Tel.: +852-2822-0228
Fax: +852-3409-1235
Sito Web

HSBC – The Hong Kong and Shanghai Banking Corporation Ltd.
Tel.: +852-2233-3000
Sito Web

Industrial and Commercial Bank of China (Asia) Ltd.
Tel.: +852-2189-5588
Fax: +852-2758-1340
Sito Web

Nanyang Commercial Bank Ltd.
Tel.: +852-2622-2633
E-mail: nanyang@ncb.com.hk
Sito Web

OCBC Wing Hang Bank Ltd.
Tel.: +852-2815-1123
Fax: +852-2541-7459
Sito Web

Public Bank (Hong Kong) Ltd.
Tel.: +852-8107-0818
E-mail: contact@publicbank.com.hk
Sito Web

Shanghai Commercial Bank Ltd.
Tel.: +852-2818-0282
Sito Web

Standard Chartered Bank (Hong Kong) Ltd.
Tel.: +852-2886-8868
Fax: +852-2535-4282
Sito Web

Tai Sang Bank Ltd.
Tel.: +852-2544-5011
Fax: +852-2545-5242
Sito Web

Tai Yau Bank Ltd.
Tel.: +852-2522-9002
Fax: +852-2522-3296
Sito Web

The Bank of East Asia Ltd.
Tel.: +852-2211-1333
Sito Web

Wing Lung Bank Ltd.
Tel.: +852-2309-5555
Fax: +852-2530-5798
Sito Web

Pubblicato in: Criminalità Organizzata

Racket delle ong. Questo è il titolo del Gatestone Institute.

Giuseppe Sandro Mela.

2017-09-15.

Mafia 011

«Italy has received almost 100,000 people so far this year»

*

«This summer, even more than in previous years, it has become plain that some of the NGOs working in the Mediterranean are acting as something more than intermediaries»

*

«Many have in fact been acting as facilitators. This makes the NGOs effectively no more than the benign face of the smuggling networks»

*

«Undercover workers have also discovered NGOs handing vessels back to the smugglers’ networks, effectively helping them to continue their criminal enterprise indefinitely»

*

«A group that which seeks to oppose Europe’s current self-destructive insane trajectory can now not even source independent financial support»

*

«Groups, however, that continue to push Europe along its current trajectory continue to get all the official support they need»

*

«In the difference in reaction to these two groups lies a significant part of the story of the ruin of a continent»

* * * * * * *

«Across the EU as a whole, a recent survey found that 76% of the European public think that the European Union’s handling of the whole crisis has been poor.»

*

«A significant amount of the “rescue” part of the migrant crisis (finding boats and transferring those onboard onto safe vessels or guiding their vessels into port) has been done by NGOs»

*

«Organisations such as Save the Children and Médecins sans Frontières have been invited to do this by European government agencies, and many of them receive significant levels of government funding as well as charitable giving from the public»

*

«It may easily be argued, of course, that pro-migration NGOs that are colluding with smuggling gangs and assisting them in their work are “likely to cause loss of life”, if not in the Mediterranean then in encouraging thousands of people to give their money to smuggling gangs and encouraging millions more to set out for a new life in a continent which is increasingly less likely to receive them with warmth»

* * * * * * *

Queste parole suonano come macigni.

«pro-migration NGOs that are colluding with smuggling gangs»

Nulla da stupirsi quindi che la società civile mondiale stia insorgendo contro il potere criminale delle ogn (ngo).

Ong. Tempi durissimi. India avvia inchiesta sulla Bloomberg Philanthropies.

«Following the enquiry, permits of about 8,875 NGOs have been revoked for a variety of reasons ranging from non-filing of returns or non-compliance with Foreign Contribution Regulation Act»

^ ^ ^

More Than 7,000 Foreign NGOs in China: Only 91 Registered So Far

Cina. Una nuova legge sulle Ong (Ngo).

«Many other foreign NGOs, especially those working in political sensitive areas like legal advocacy or political education, are left in legal limbo»

^ ^ ^

«The Russian “foreign agent” law, officially “On Amendments to Legislative Acts of the Russian Federation regarding the Regulation of the Activities of Non-profit Organisations Performing the Functions of a Foreign Agent”, is a law in Russia that requires non-profit organizations that receive foreign donations and engage in “political activity” to register and declare themselves as foreign agents.» [Fonte]

*

NGO Head First Russian Charged Under ‘Foreign Agent’ Law

* * * * * * *

Soros George. Uno stato negli stati. Ecco i suoi principali voivodati.

Nota Importante.

Una società civile ha il suo legale e legittimo governo, stabilito secondo tradizione, che quindi governa secondo le leggi proprie di quella società, di quella nazione, interpretando il sentimento popolare.

È del tutto mezognero che associazioni private, per di più sovvenzionate dall’estero, alle quali aderisce un misero manipolo di persone stipendiate, si arroghino il “diritto” di poter rappresentare la “società civile”, tutta la nazione.

Non rappresentano altro che gli interessi per i quali sono state costituite.


Gatestone Institute. 2017-09-04. New NGO Racket: Smuggling, Inc.

– Although the European Union successfully bribed Turkish President Recep Tayyip Erdogan last year — inducing him to slow the flow of migrants heading through Turkey into Greece — Italy has received almost 100,000 people so far this year.

– This summer, even more than in previous years, it has become plain that some of the NGOs working in the Mediterranean are acting as something more than intermediaries. Many have in fact been acting as facilitators. This makes the NGOs effectively no more than the benign face of the smuggling networks. Undercover workers have also discovered NGOs handing vessels back to the smugglers’ networks, effectively helping them to continue their criminal enterprise indefinitely.

– A group that which seeks to oppose Europe’s current self-destructive insane trajectory can now not even source independent financial support. Groups, however, that continue to push Europe along its current trajectory continue to get all the official support they need. In the difference in reaction to these two groups lies a significant part of the story of the ruin of a continent.

*

Sometimes it is in the gap between things that the truth emerges.

In recent years Europe has been on the receiving end of one of the most significant migrant crises in history. In 2015, in just a single year, countries such as Germany and Sweden found themselves adding 2% to their respective populations. Although much of the public continue to labour under the misapprehension that those still coming are fleeing the Syrian civil war; in fact, the majority of those now entering Europe are from Africa, particularly from sub-Saharan Africa.

Although the European Union successfully bribed Turkish President Recep Tayyip Erdogan last year — inducing him to slow the flow of migrants heading through Turkey into Greece — Italy has received almost 100,000 people so far this year. Spain — which had ducked much of the movement of recent years — now finds itself receiving thousands of people who are sometimes (as in this memorable footage from earlier this month) simply landing on the country’s beaches and running straight into the country. In doing so, they are not only breaking into Europe in a fashion that is illegal, but flouting all the asylum protocols, and other protocols, however inadequate, that are meant to exist.

In reaction to such events, the Spanish authorities have done something extraordinary. They have gone the way of the Italian authorities and made more efforts to intercept boats heading towards the country. Not in order to turn them around or block them, but in order to “rescue” them. In merely one day last week, the Spanish coastguards “rescued” 600 migrants. The purpose of the quotation marks around “rescue” is because its use in this context is highly contestable. Somebody may be rescued from a burning car, or rescued from a sinking boat. But if thousands of people intentionally head across narrow stretches of water, it can hardly be said that each and every one of them has been “rescued’.

What have they been rescued from? They may be rescued from war. Or they may be rescued from poverty. Or slightly less rosy economic prospects than someone born in Spain. Most of these people have simply been rescued from Africa or whatever their country of origin. This situation leads to the questions which European politicians even now refuse to address — which is whether Europe should indeed be “rescuing” anyone who ends up in a boat near Europe.

Whenever they are polled, the public in Europe consistently say that they want the migration to slow down or stop. This is a majority opinion in every European country. Across the EU as a whole, a recent survey found that 76% of the European public think that the European Union’s handling of the whole crisis has been poor. But it is in the gap between the treatment of two actors in this crisis that we can discern a terrible fact about the fate of Europe.

Throughout the crisis of recent years — and especially since the height of the crisis in 2015 — the official vessels operated by the European states have been joined by members of non-governmental organsations (NGOs), either on the vessels or running vessels of their own. A significant amount of the “rescue” part of the migrant crisis (finding boats and transferring those onboard onto safe vessels or guiding their vessels into port) has been done by NGOs. Organisations such as Save the Children and Médecins sans Frontières have been invited to do this by European government agencies, and many of them receive significant levels of government funding as well as charitable giving from the public.

Yet, this summer, even more than in previous years, it has become plain that some of the NGOs working in the Mediterranean are acting as something more than intermediaries. Many have in fact been acting as facilitators. Agents who have infiltrated the NGO groups have found collusion between the NGOs and the smugglers networks, including coordination with these brutal and mercenary organisations. Investigations have found NGOs to have been breaking their own agreed operating rules by coordinating locations to meet and pick up vessels sent out by the smugglers. This makes the NGOs effectively no more than the benign face of the smuggling networks. Undercover workers have also discovered NGOs handing vessels back to the smugglers’ networks, effectively helping them to continue their criminal enterprise indefinitely.

In frontline countries such as Italy, this unlawful activity has been causing growing public anger. Elsewhere in Europe, the notion that these NGOs are not entirely angelic in their operations is taking longer to sink in. But compare the reaction to them — in receipt as they continue to be of large quantities of public and governmental money — with a group that has a different view to that of the NGOs.

At the start of this summer, a group called “Defend Europe” raised money to hire and sail a ship off the coast of Italy. The ship aimed to deter migrants from crossing the Mediterranean. One activist was recorded saying, “We want to get a crew, equip a boat and set sail to the Mediterranean ocean to chase down the enemies of Europe.” Some of the other characters and rhetoric associated with this movement may be equally unsavoury. For some weeks, the “Defend Europe” vessel, with banners prominently displayed, has floated in the Mediterranean and told people in a variety of languages, “No Way. You will not make Europe home” and “Stop human trafficking.”

Now one may abhor this tactic, approve of it, or feel a whole range of emotions in between. The treatment of “Defend Europe’, however, compared to the pro-migration NGOs, is startling. In recent weeks, when the “Defend Europe” vessel had some minor technical problems, it caused undisguised glee in the Western media. The suggestion that a pro-migration NGO vessel might have to rescue it caused even more delight. Now the group has had its sources of funding withdrawn. Not that “Defend Europe” would ever have received government aid. Far from it. But this past week, the US-based crowd-funding website Patreon shut down the group’s profile page, making it impossible for them to raise funds through it. The ostensible cause was that Patreon believed the actions of “Defend Europe” were “likely to cause loss of life.”

It may easily be argued, of course, that pro-migration NGOs that are colluding with smuggling gangs and assisting them in their work are “likely to cause loss of life”, if not in the Mediterranean then in encouraging thousands of people to give their money to smuggling gangs and encouraging millions more to set out for a new life in a continent which is increasingly less likely to receive them with warmth. A group that seeks to oppose Europe’s current self-destructive trajectory can now not even source independent financial support. Groups, however, that continue to push Europe along its current trajectory continue to get all the official support they need. In the difference in reaction to these two groups lies a significant part of the story of the ruin of a continent.

Pubblicato in: Cina, India, Russia

‘Time for BRICS to assume a leadership role’

Giuseppe Sandro Mela.

2017-09-04.

2017-09-04__Cina__001

Il miglior commento al Summit di Xiamen sembrerebbe essere quello fatto dal Governo della China:

Time for BRICS to assume a leadership role

«For decades, resources have been monopolized by developed nations, leaving developing nations lacking infrastructure and social development.

Contributing more than half of global growth over the past ten years, the BRICS nations are finding their own solutions to address the governance disparity.

The bloc’s New Development Bank (NDB), which was launched in 2014 with a focus on infrastructure and sustainable development projects, stands as a good example of what a new kind of world governance would look like.

In contrast to the quota system of other international financial institutions based on the role of a certain member, members of the NDB have equal voting power, a distinctive feature of the bank.

China has put forward the “BRICS Plus” proposal this year by inviting the leaders of Egypt, Guinea, Mexico, Tajikistan and Thailand to attend the Dialogue of Emerging Markets and Developing Countries during the summit and engage in dialogue with the BRICS members.

This will allow the BRICS summit to be an effective platform for voicing the needs, demands and aspirations of both the developing and underdeveloped nations in the world, and enable the organization to play a more decisive role in global governance.»

*

«Xi will chair the Dialogue of Emerging Markets and Developing Countries on Sept. 5, which will be attended by the leaders from the five BRICS countries, as well as the leaders of Egypt, Mexico, Tajikistan, Guinea and Thailand.»

* * * * * * *

«Time for BRICS to assume a leadership role»

*

Da un punto di vista meramente economico, se si considera il pil per potere di acquisto, il mondo genera 108,036,500 milioni Usd, la Cina 17,617,300 (16.31%) e gli Stati Uniti 17,418,00 (16.12%). L’Eurozona rende conto di 11,249,482 (10.41%) ed il Gruppo dei G7 di 31.825,293 (29.46%). Però i Brics conteggiano un pil ppa di 32,379,625 Usd, ossia il 29.97% del pil ppa mondiale. I Brics valgono come i paesi del G7.

Di conseguenza, la voce dell’Occidente vale nel mondo al massimo per il 29.46%, ma quella degli Stati Uniti vale solo il 16.12% e quella dell’Eurozona uno scarno 10.41%.

*

Fatevi adesso un piccolo conto: quando valgono i Brics Plus?


China Org. 2017-09-04. Xi shares vision on BRICS new ‘golden decade’

Chinese President Xi Jinping has shared his vision for the BRICS cooperation which he believes will enter a second “golden decade” if the emerging-market countries work together to overcome the challenges of weak growth and threats to world peace.

Addressing the BRICS Business Forum in Xiamen on Sunday, with Brazilian President Michel Temer and South African President Jacob Zuma in audience, Xi said after ten years a fully-fledged BRICS cooperation framework is taking shape.

With Russia’s Vladimir Putin and India’s Narendra Modi joining in, the leaders of the world’s five major developing countries will chart way forward for the bloc at the ninth BRICS summit scheduled for Sept. 3-5.

Xi on Sunday refuted the assertion that BRICS is losing luster.

He said despite headwinds causing growth setbacks, the BRICS countries are “fully confident” about their growth potential and the future outlook.

Tangible Benefits

BRIC was first coined in 2001 to describe four emerging economies with fast growth and great potential. The concept turned into a formal cooperation framework in 2006. Four years later, South Africa joined. BRIC became BRICS.

Xi said the past decade has seen the BRICS countries making headway in pursuing common development. Their combined GDP grew 179 percent, trade increased 94 percent and urban population expanded 28 percent during the period.

The development of the BRICS countries over the past decade has delivered tangible benefits to more than 3 billion people.

Xi said three important practices of the shared value should be carried forward — treating each other as equals, seeking results-oriented cooperation, and bearing in mind the well-being of the world.

“Dialogue without confrontation, partnership without alliance,” Xi summed up the cooperation principle in a simple phrase.

He said the principle has gained growing endorsement and has become a positive energy in the international community.

Rising Up To Challenges

The Chinese president said the global economy remains in a period of adjustment featuring weak growth and no apparent new drivers. Due to sluggish growth, protectionism and inward-looking mentality are on the rise. Uneven development and a deficit of fairness have become more acute.

He challenged BRICS countries to create new impetus for growth and continue to improve global economic governance.

“We should not ignore problems arising from economic globalization or just complain about them. Rather, we should make joint efforts to find solutions,” Xi said.

He said the BRICS countries should promote the building of an open global economy, advance trade and investment liberalization and facilitation, build new global value chains, and rebalance economic globalization.

“Only openness delivers progress, and only inclusiveness sustains such progress,” Xi said.

The long road to peace is not smooth, Xi said, calling on the BRICS countries to play a constructive part in the process of resolving geopolitical hotspot issues and make due contributions.

He envisioned flames of war dying and displaced refugees returning home as dialogue and consultation settle issues in Syria, Libya and the Palestine-Israel conflict.

Making Bigger Pie

The Chinese president said the development of emerging market and developing countries is not intended to “move the cheese of anyone” but to “make the pie of the global economy bigger.”

Over the past ten years, the share of the five BRICS countries in the global economy has more than doubled. They have contributed to more than half of global growth.

Xi said more emerging market and developing countries should be involved because BRICS, as a platform with global influence, concerns more than five countries.

During the Xiamen summit, China will hold the Dialogue of Emerging Market and Developing Countries, where the leaders of Egypt, Guinea, Mexico, Tajikistan and Thailand will join the BRICS leaders in discussing global development cooperation and South-South cooperation.

While outreach programs have existed in past BRICS summits since 2013, it is the first time participating leaders have come from around the world, but not just neighbors of the host country.

Xi said this “BRICS Plus” approach should be promoted to build an open and diversified network of development partners for the bloc.

Marching On With Reform

Turning to China, Xi said the country had made the “right choice” on deepening reform and will march on in strides.

“The past decade has not only seen solid progress in the BRICS cooperation; it has also witnessed the unfolding of all-round reform and opening up in China and its rapid economic and social development,” Xi told the forum.

He said China’s economic aggregate grew by 239 percent over the past ten years and the lives of its 1.3 billion-plus people have been significantly improved.

In the first half of 2017, the Chinese economy expanded by 6.9 percent and added 7.35 million new urban jobs.

Xi said China has been making increasingly more contribution to regional and global economy.

He said the Belt and Road Initiative, for example, is not a tool to advance any geopolitical agenda, but a platform for practical cooperation.

The initiative is not a foreign aid scheme, but one that advocates interconnected development with extensive consultation, joint contribution and shared benefits.

“Going forward, China will continue to put into practice the vision of innovative, coordinated, green, open and inclusive development,” he said.

“We will adapt to and steer the new normal of economic development, push forward supply-side structural reform, accelerate the building of a new system for an open economy, drive economic development with innovation, and achieve sustainable development,” Xi said.


China Org. 2017-09-04. Xi, Putin meet on bilateral ties, DPRK nuclear test

Chinese President Xi Jinping met with his Russian counterpart Vladimir Putin on Sunday, calling for enhancing mutual support and strategic coordination.

The two leaders also agreed to appropriately deal with the latest nuclear test conducted by the Democratic People’s Republic of Korea (DPRK).

Putin is in the southeastern Chinese coastal city of Xiamen, Fujian Province, to attend the ninth BRICS summit and the Dialogue of Emerging Market and Developing Countries scheduled for Sept. 3-5.

The two sides should consolidate the high-level mutual political trust, firmly strengthen mutual support and enhance strategic coordination, Xi said.

The role of bilateral cooperation mechanisms should be well played to advance projects in key areas including energy, aerospace and aviation, as well as nuclear power.

He urged advancing the integration of the Belt and Road Initiative with the Eurasian Economic Union.

Mutual understanding and friendship between the two peoples should be promoted through closer people-to-people and cultural exchanges and those at local levels, he said.

Xi also called on enhancing military cooperation as well as coordination on multilateral arenas.

China is willing to join hands with Russia to raise the bilateral relations to a higher level, promoting respective development and jointly safeguarding regional and world peace and stability, he said.

On BRICS cooperation, Xi said it is in line with the interests of the BRICS countries and the expectation of international community, especially the emerging market and developing countries, to enhance the group’s cooperation and enable the BRICS countries to play a more important role in international affairs.

The BRICS countries should consolidate solidarity and cooperation to send out positive signals to the world, chart the course and define the priorities for cooperation based on the overall situation, strengthen coordination to enhance international influence, and improve mechanisms of BRICS cooperation, said Xi.

China is willing to work with Russia and other BRICS countries to achieve fruitful results at the Xiamen summit and implement the outcomes effectively so that the BRICS can usher in a second “golden decade” of cooperation.

For his part, Putin said it is significant for China and Russia to strengthen comprehensive strategic partnership of coordination and boost communication and coordination on major international and regional issues.

He said Russia stands ready for closer cooperation with China in such areas as investment, energy, agriculture, infrastructure, and aerospace and aviation.

The two countries should also increase exchanges in culture, education, sports, media and tourism as well as those at local levels. Military exchanges should be closer, he said.

While discussing international and regional issues, the two leaders agreed to appropriately deal with the DPRK’s latest nuclear test.

The DPRK on Sunday successfully detonated a hydrogen bomb that can be carried by an intercontinental ballistic missile (ICBM), DPRK’s Central Television announced. This was the sixth nuclear test the DPRK has undertaken.

China’s Foreign Ministry issued a statement, expressing firm opposition to and strong condemnation of the nuclear test.

Xi and Putin agreed to stick to the goal of denuclearization on the Korean Peninsula and keep close communication and coordination to deal with the new situation.

After the meeting, the two leaders visited an exhibition on intangible cultural heritage originated from southern Fujian Province.


China Org. 2017-09-04. Xi calls for synergizing development strategies among BRICS countries.

Chinese President Xi Jinping on Monday called on BRICS countries to synergize their development strategies to stimulate growth potential.

Xi made the remarks while addressing the ninth BRICS summit in the southeastern Chinese city of Xiamen, which was also attended by leaders of Brazil, Russia, India and South Africa.

The five countries should find areas where their respective development policies and priorities converge, and work to build a big market for trade and investment, achieve smooth flow of currency and finance, and realize infrastructure connectivity, Xi said.

“Despite our differences in national conditions, our five countries are in a similar stage of development and share the same development goals. We all face an arduous task in growing the economy,” Xi noted.

He said strengthening the complementarity of their development strategies will bring out their comparative strengths in resources, market and labor force, release the growth potential of the five countries and the creativity of their 3 billion people, and open up huge space for development. P Xi said the five countries need to plan well at the macro level and take concrete actions in key areas.

“With a focus on structural reform and sustainable development, we need to expand our converging interests and share experience on innovation, entrepreneurship, industrial development and production capacity to boost our economic development,” said Xi.

He said it is important to strike a balance between the speed of growth and the quality and efficiency of growth. By implementing the 2030 Sustainable Development Agenda, BRICS countries have the opportunity to achieve balanced economic, social and environmental progress, and bring about interconnected and inclusive development, said Xi.


China Org. 2017-09-04. China to enhance cooperation with Thailand: Xi

Chinese President Xi Jinping met with Thai Prime Minister Prayut Chan-o-cha on Monday, calling for enhanced bilateral cooperation in various fields.

Prayut is in the southeastern Chinese coastal city of Xiamen to attend the Dialogue of Emerging Market and Developing Countries scheduled for Sept. 5.

China appreciates Thailand’s active participation in the Belt and Road Initiative, and is willing to strengthen cooperation with Thailand in areas of investment, railway, Internet finance, digital economy and e-commerce, Xi said.


China Org. 2017-09-04. Xi stresses China-Mexico strategic synergy

Chinese President Xi Jinping said Monday China and Mexico should synergize development strategies on the basis of their cooperative achievements since the two sides forged diplomatic ties 45 years ago.

Xi made the remarks when meeting with Mexican President Enrique Pena Nieto, who came to the southeastern Chinese coastal city of Xiamen to attend the Dialogue of Emerging Market and Developing Countries scheduled for Sept. 5.


China Org. 2017-09-04. China expects stronger partnership for upcoming BRICS summit

China wants to build stronger partnerships within and beyond the five BRICS countries during the upcoming BRICS Xiamen Summit, Chinese Foreign Minister Wang Yi said in Beijing Wednesday.

Speaking at a press briefing on the summit, Wang said that China expects outcomes in several areas, including strengthening economic and security cooperation, increasing cultural and people-to-people exchanges, enhancing institutional building, as well as promoting stronger partnerships with other emerging market countries and developing countries.

China will hold the BRICS Business Forum from Sept. 3 to 4, which will be the largest so far, Wang said.

Chinese President Xi Jinping will attend the opening ceremony of the forum and deliver a keynote speech, reviewing the progress that BRICS countries have made in the past ten years and looking to the future. Leaders of some other countries will also address the forum.

The BRICS Xiamen Summit opens on Sept. 4.

Xi will chair a small meeting of BRICS leaders, discussing world economy, global governance, international and regional hotspot issues, and national security and development. A larger meeting will focus on deepening cooperation, promoting cultural and people-to-people exchanges, as well as enhancing institutional building.

The BRICS leaders will also attend the opening ceremony of the BRICS Cultural Festival and Photo Exhibition, a meeting of the BRICS Business Council and a signing ceremony, which will be followed by a welcome banquet hosted by Xi and his wife, Peng Liyuan.

Three pillars

The BRICS mechanism has entered a new stage featuring the three pillars of economic cooperation, political and security cooperation, and people-to-people exchanges, Wang said. He added that there will be an increase in cultural activities involving BRICS countries this year as China holds the BRICS chairmanship.

China held the 2017 BRICS Games in its southern city of Guangzhou in June, marking the first comprehensive multilateral sports and cultural exchanges under the framework of BRICS cooperation.

China has also held a media forum, film festival, traditional medicine meeting and young diplomats forum, to promote friendship and understanding between the peoples of BRICS countries.

“The leaders of the BRICS countries will continue to accumulate consensus on strengthening people-to-people exchanges during the upcoming BRICS Xiamen Summit,” Wang said.

Beyond BRICS

Xi will chair the Dialogue of Emerging Markets and Developing Countries on Sept. 5, which will be attended by the leaders from the five BRICS countries, as well as the leaders of Egypt, Mexico, Tajikistan, Guinea and Thailand.

“It is in the interests of all sides to strengthen cooperation among emerging markets and developing countries through the BRICS platform, therefore China has proposed the ‘BRICS plus’ concept based on past experiences,” Wang said.

The dialogue will focus on deepening cooperation and promoting common development, and a statement will be released on the outcomes achieved on implementing a sustainable development agenda, promoting South-South cooperation, building partnerships and improving global governance.

Xi will hold a press conference after the dialogue to summarize the outcomes of the BRICS Xiamen Summit.

“China stands ready to work with other BRICS countries to make BRICS cooperation bigger, stronger and more solid to benefit not only the five BRICS countries, but also the whole world,” Wang said.


China Org. 2017-09-04. Ambassadors on BRICS Plus

BRICS Plus, as a model of expansion, was proposed by China on the basis of successful practices in former BRICS Summits. It is sought to establish widespread partnerships between BRICS member countries and other developing countries through dialogues and cooperation, expand our circle of friends, and shape the BRICS mechanism into an influential cooperation platform for South-South cooperation, so as to better reflect the common ground and collective will of the developing countries.

Then how do other developing countries make of the proposal? What opportunities does the BRICS Plus promise to them? To get some insight about these, China Today interviewed ambassadors of Iran, Georgia, Nepal, and South Sudan to China as well as two diplomats from Argentina and the Hashemite Kingdom of Jordan.

Iranian Ambassador to China Ali Asghar Khaji

“Since its founding, the BRICS cooperation mechanism has been representing a new cooperation concept, and played an important role in giving a voice in the international community on behalf of the developing world. The Iranian government showed its support to the BRICS Plus proposal when it was first put forward. As an important developing country in the region of North Africa and West Asia, Iran is poised to strengthen its cooperation with China under the framework of the Belt and Road and the BRICS Plus. In addition, we also hope China as a leading developing country, can play a bigger role in advancing cooperation among developing countries on such aspects as economy, security and social development.”

Pubblicato in: Cina, Russia

Brics Summit. Xiamen. Punto di vista della Bbc.

Giuseppe Sandro Mela.

2017-09-04.

2017-09-04__Xiamen__001

Diciamo subito che questo riportato sembrerebbe essere più un articolo di routine che un ripensamento approfondito.

A nostro sommesso parere, ovviamente opinabile, considera il Summit esclusivamente dal punto di vista occidentale: questa è una caratteristica, non certo un difetto. Ma l’ottica resta pur sempre parziale.

Non solo. Sicuramente l’aspetto economico e finanziario è del massimo interesse, ma ciò non esclude che esista e si stia sviluppando anche un progetto politico.

«China’s vice minister of commerce, Wang Shouwen, also suggested China was interested in establishing a free trade agreement with Mexico.»

*

«The Mexican President Enrique Pena Nieto is attending the dialogue at the invitation of the Chinese president.»

*

«The development of emerging markets and developing countries won’t touch anyone’s cheese, but instead will diligently grow the world economic pie»

*

«I am convinced that the Belt and Road initiative will serve as a new platform for all countries to achieve win-win cooperation»

*

«But the initiative has made India in particular quite uneasy, as it includes projects worth $62bn (£48bn) to be implemented in its neighbour and rival Pakistan»

*

«Construction began over the weekend on headquarters in Shanghai for the New Development Bank (NDB), which is the Brics alternative to the World Bank»

*

«To date, the NDB has invested in 11 projects, lending $1.5bn in 2016 with an additional $2.5bn in loans set for this year»

*

«China’s official Xinhua news agency reported that Chinese President Xi Jinping and Russian President Vladimir Putin met on the sidelines of the Brics meeting, and agreed to “appropriately deal” with North Korea’s nuclear test.»

*

«China said it strongly condemned the nuclear test and urged Pyongyang to stop its “wrong” actions»

*

«The US President suggested on Twitter that the US might stop “all trade with any country doing business with North Korea”»

* * * * * * *

Attendiamo che siano diffuse le relazioni ufficiali e le conclusioni del summit, tenendo però ben presente che non tutti gli accordi potrebbero essere resi pubblici.

Notiamo soltanto che alla presenza dell’Egitto si è aggiunta quella del Messico. Altri tasselli si stanno aggiungendo al puzzle sino-russo.


Bbc. 2017-09-04. Four things to watch at the Brics summit

The leaders of Brazil, Russia, India, China and South Africa are meeting amid heightened geopolitical tensions.

*

The summit of the so-called Brics nations brings together the five fast-growing economies, who are seeking a greater say in world affairs.

Economic ties will top the agenda at the three-day gathering in Xiamen, China which began Sunday.

But North Korea’s nuclear test and a border standoff between China and India could also colour discussions.

So what are the four key things to watch out for at this meeting?

  1. ‘Growing the pie’ without ‘touching the cheese’

While US President Donald Trump has pushed a protectionist trade agenda, pulling the US out of the Trans Pacific Partnership and renegotiating the North America Free Trade Agreement, China is striking a very different tone.

Chinese President Xi Jinping told the meeting that there is little to fear from closer trade ties.

“We should push for an open world economy, promote trade liberalisation and facilitation, jointly create a new global value chain, and realise a global economic rebalancing,” President Xi Jinping told Brics business leaders and senior officials in a speech on Sunday.

“The development of emerging markets and developing countries won’t touch anyone’s cheese, but instead will diligently grow the world economic pie,” he said.

But many countries have criticised China’s trade policies, saying they discriminate against foreign businesses.

Even within Brics, trade is heavily tilted in China’s favour, which has led to complaints from fellow members.

China’s vice minister of commerce, Wang Shouwen, also suggested China was interested in establishing a free trade agreement with Mexico.

The Mexican President Enrique Pena Nieto is attending the dialogue at the invitation of the Chinese president.

  1. One Belt One Road

The sheer scale of China’s massive international infrastructure project – known as One Belt One Road – means it is often on the agenda at high level economic meetings like this one.

The project aims to expand trade links between Asia, Africa, Europe and beyond through infrastructure investments.

“I am convinced that the Belt and Road initiative will serve as a new platform for all countries to achieve win-win cooperation,” said President Xi.

But the initiative has made India in particular quite uneasy, as it includes projects worth $62bn (£48bn) to be implemented in its neighbour and rival Pakistan.

Also, tensions between China and India remain high after a border standoff, which was resolved just days before the conference.

  1. The New Development Bank

Construction began over the weekend on headquarters in Shanghai for the New Development Bank (NDB), which is the Brics alternative to the World Bank.

The NDB was seen as the first major Brics achievement after the group came together to press for a bigger say in the world’s financial affairs.

The bank aims to address a massive infrastructure funding gap in the member countries, which account for almost half the world’s population.

To date, the NDB has invested in 11 projects, lending $1.5bn in 2016 with an additional $2.5bn in loans set for this year.

Still, the bank is small potatoes when compared with the World Bank, and some have questioned China’s commitment, given it heads up the bigger Asian Infrastructure Investment Bank.

  1. The nuclear elephant in the room

The conference had an unwelcome surprise in the form of North Korea’s sixth nuclear test on Sunday.

China’s official Xinhua news agency reported that Chinese President Xi Jinping and Russian President Vladimir Putin met on the sidelines of the Brics meeting, and agreed to “appropriately deal” with North Korea’s nuclear test.

China said it strongly condemned the nuclear test and urged Pyongyang to stop its “wrong” actions.

The US President suggested on Twitter that the US might stop “all trade with any country doing business with North Korea”.

China is an obvious target of his comments, given that it is North Korea’s largest trading partner.

Some critics, however, have suggested that this is very unlikely, as it would do significant damage to the US economy because China is also America’s largest trading partner.