BEACON » Wen Jiabao http://www.cosmizen.com Business Economy And Commerce Online News Fri, 11 Apr 2014 08:36:40 +0000 en-US hourly 1 http://wordpress.org/?v=3.8.2 China will continue to Spur Its Firms to Invest in Vanuatu http://www.cosmizen.com/2010/04/china-will-continue-to-spur-its-firms-to-invest-in-vanuatu/ http://www.cosmizen.com/2010/04/china-will-continue-to-spur-its-firms-to-invest-in-vanuatu/#comments Tue, 13 Apr 2010 14:54:16 +0000 http://www.cosmizen.com/?p=826 Continue reading]]> Prime Minister of Vanuatu Edward Natapei met Chinese Premier Wen Jiabao at Beijing in honour of latter’s invitation. Natapei’s 6-day visit to China is expected give added fillip to the already strong China-Vanuatu bilateral relations.

During the meet, the Chinese premier announced that his country would continue to encourage its enterprises to invest and increase trade with Vanuatu primarily to improve the island nation’s business capabilities. Wen further added that his country was committed to proceed with comprehensive aid package to Vanuatu without any quid pro quo arrangements.

While Natapei reciprocated by saying his country would like to strengthen communication and coordination with China in addressing financial crisis and climate change. Both the premiers were present at the signing ceremony of bilateral agreements on economic and technological co-operation.

Wen observed that the developing countries, in particular, the least developed ones, small island states and African countries, have suffered a lot from global issues including financial crisis and climate change. And therefore he felt, the international community should give meticulous care to countries like Vanuatu to ensure a balanced and sustainable development of the world.

China has confirmed that it would co-operate and support technologically, technically and financially to improve Vanuatu’s citizens’ livelihood along with an accent on infrastructure and personnel training promotion, to enhance the country’s self-development capabilities. It said that it would try to create several platforms for people to make social exchanges to strengthen bilateral ties.

Vanuatu, an island nation situated in the South Pacific Ocean, off Australia also maintains strong economic and cultural ties with Australia, France, New Zealand and the UK, though it stopped direct aid since 2005. Australia continues to provide support to Vanuatu since its independence in 1980, the bulk of external assistance, including to the police force, which has a paramilitary wing.

Besides his visit to Beijing, Natapei would be covering cities including Changsha, Guangzhou and Shenzhen. He hopes to utilize china’s expertise in different fields for the development of his country through this trip.

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China Acts by welcoming More Indian Goods http://www.cosmizen.com/2010/01/china-acts-by-welcoming-more-indian-goods/ http://www.cosmizen.com/2010/01/china-acts-by-welcoming-more-indian-goods/#comments Fri, 22 Jan 2010 15:41:04 +0000 http://www.cosmizen.com/?p=723 Continue reading]]> The Chinese Premier Wen Jiabao gave assurance to the visiting Indian Commerce and Industry Minister Anand Sharma that his country would do everything to iron out trade imbalances with India. New Delhi had been complaining about the trade deficit for the past few years as its largest trading partner’s exports recorded lopsided growth after years of bilateral trade.

Sharma who was in China to attend the eighth Joint Economic Group dialogue urged the host country to remove tariff and non-tariff barriers on import of Indian rice, fruits and vegetables. He also requested to facilitate landing rights for Indian TV channels in China, and the import of more Indian films.

Sharma informed that New Delhi had doubled its foreign workers visa quota to 40, a decision that likely to help more Chinese firms than any other. However, the number of immigrant workers is still not allowed to exceed more than one percent of the total number of workers employed in any project. While China’s Commerce Minister Chen Demin reciprocated by saying that Indian workers would also get visas on liberal basis.

During the meet, Wen showed keen interest in improving bilateral ties with India and said that only if India and China shared common development platform that they could translate this century into an Asian one. Similarly, Sharma said the time for exclusivity in the international governance structure was over; and both nations would have to be at the front of a new global governance architecture.

After meeting several Chinese leaders, Sharma claimed the meet was very positive and substantive as it covered every component of the bilateral ties. He said that he received assurance from Beijing to encourage the Indian firms in the information technology, pharmaceutical and construction sectors to work with local partners to have ‘more presence and access’ in China.

In 2008–09, China exports to India stood at about $27bn while India’s remained around $11bn. China and India plan to take advantage of its vast consumer base of about 2.5bn people which could be larger than any bloc or region excluded of these two nations.

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