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Xi Jinping Embarks on First European Visit in Five Years Chinese President Xi Jinping is visiting Europe for the first time since 2019. Here is what to expect.

🌏 Just read Jacob Mardell's (The China Project) insightful report on the Belt and Road Initiative (BRI) titled "The Belt and Road at 10: Revisiting the last decade of China’s landmark foreign policy initiative." Its the first of four part series called, "Belt and Road Dispatch". Here are some key takeaways: 1️⃣ Complex Evolution: The BRI, launched in 2013, has evolved significantly, expanding from its original vision to a comprehensive global economic strategy. 2️⃣ Driving Force: SOEs: Chinese State-Owned Enterprises (SOEs) are a driving force behind the BRI. They pursue revenue, suggest projects, and secure financing, playing a pivotal role in its execution. 3️⃣ Engineering Expertise: Beyond finance, Chinese SOEs bring remarkable engineering capabilities to #BRI projects, even without direct Chinese funding. 4️⃣ Global Expansion: Chinese companies, particularly SOEs, have expanded globally through the BRI, contributing significantly to international contracting. 5️⃣ Developmental Philosophy: BRI aligns with the #chinese Communist Party's philosophy, viewing infrastructure as a catalyst for economic development and stability. 6️⃣ Market Entry: SOEs enter new markets at high levels, fostering diplomatic ties and business development, exemplified by projects like the Pupin Bridge in Serbia. 7️⃣ EU Challenges: #eu market entry faces regulatory hurdles and environmental requirements, posing challenges to Chinese companies. 8️⃣ Changing Financing Models: SOEs adapt by exploring alternative financing models, such as Build-Operate-Transfer (BOT), to share project risks. 9️⃣ Ongoing Evolution: The #BRI continues to evolve and remains a prominent part of China's global strategy, with SOEs playing a vital role. Jacob Mardell's report sheds light on the evolving landscape of the BRI and its global impact. #BeltandRoad #China #GlobalEconomy #xijinping 🌐 Here is the link to report

Reflecting on last week's #SDinKR trade mission, one thing is clear, WTCSD's Executive Director Nikia Clarke, Ph.D. says: ⤵️ 💬 "Our binational region has always been a remarkable place, but at this moment—with San Diego’s innovation ecosystem, Imperial Valley’s clean energy leadership, and Tijuana’s advanced manufacturing prowess—we can compete like never before." With and through our regional partners, including Imperial Valley Economic Development Corporation and Tijuana Economic Development Corporation, and our new and continued Korean partnerships, here's what we accomplished in South Korea—and where we're headed ⤵️ #sandiego #internationalbusiness https://lnkd.in/g3bTBRXx

My thoughts about the BRI for China Observers in Central and Eastern Europe (CHOICE): the BRI is mainly a branding strategy for China’s foreign policy and its most important consequence was to determine G7 countries to come up with similar initiatives like Global Gateway, PGII, or IMEC. https://lnkd.in/dv3rmans

Xi Jinping's Europe Visit: A Delicate Balancing Act Amid Trade Tensions This week, President Xi Jinping's tour through Europe becomes a focal point in the complex web of global trade relations. In Paris, the ambiance of diplomacy barely masks the underlying economic tensions, as Europe grapples with the dual challenge of curbing heavily subsidized Chinese exports while simultaneously courting Chinese investments to bolster its economic strategies. Europe's approach reflects a balancing act—publicly tightening the reins on imports like electric vehicles through potential tariffs, while privately securing investments that link directly to China's Belt and Road Initiative. The tension between protecting domestic industries and inviting foreign capital illustrates the intricacies of modern geopolitical strategies. As these dynamics unfold, they cast a long shadow over the global markets, with investors warily eyeing the oscillating signals for cues on future market directions. The outcomes of Xi's engagements could significantly influence sectors ranging from renewable energy to high-tech manufacturing, setting the tone for future economic interactions between China and the European Union. #GlobalTrade #EconomicDiplomacy #XiJinping #Europe #InvestmentStrategy

South Korea’s Ambassador to T&T, Dongil Oh boasts that while South Korea is a global manufacturing powerhouse, T&T is also an economic hub in the Caribbean and both countries must use their respective strengths to develop greater economic co-operation. He also pointed out that South Korea, which is a highly developed market economy, is the leader in several fields including semiconductors, automobiles, heavy industry, shipbuilding and energy industries. “Through global competitiveness, Korean companies are actively seeking to enter foreign markets. Therefore, I am sure that today’s exchange will lead to exchanges between the two business markets. T&T is recognised as an economic hub of the Caribbean region with an annual Gross Domestic product (GDP) exceeding US$28 billion which holds great potential for development. Most recently, with the opening of the Phoenix Park Industrial Estate, this will exponentially escalate the volume of manufactured goods that can be exported throughout the Americas, European and Korean markets,” he said. Oh spoke last Monday at a webinar hosted by the T&T Coalition of Services Industries (TTSCI) on doing business with South Korea as part of its Doing Business with the World Series. He noted that next year South Korea and T&T will celebrate the 40th anniversary of diplomatic ties. He reminded the business community that last year South Korea’s Prime Minister Han Duck-Su visited T&T to attend the 45th Caricom Summit. “This was the first time a South Korean prime minister visited the Caribbean region. On this historic event, he presented strategies to bolster South Korean and Caribbean collaboration and vowed to increase funding to the region by spending five times the current amount to US$3 million each year. To add to this milestone, we also had a largescale business delegation. Korea has proven its willingness to cooperate with T&T business in the areas of shipbuilding, energy, heavy industry and in many other sectors.” Read More: https://lnkd.in/g5yFTgFd

[Team France] FKCCI has joined forces with Business France Korea and the CCE Korea - French Foreign Trade Advisors to establish "Team France Korea," marking a historic moment as South Korea becomes the world's first country to host a local "Team France." 🎉🌏🇰🇷🇫🇷 On December 18th, under the guidance of Mr. Olivier BECHT, Minister Delegate for Foreign Trade, Economic Attractiveness, and French Nationals Abroad, and in the presence of H.E. Mr. Philippe Bertoux, Ambassador of France to Korea, a letter of intent was signed by Mr. David-Pierre Jalicon (CEO of D.P.J. & Partners Architecture and Chairman of FKCCI), Mr. Matthieu Lefort (Director of Business France Seoul office), and Mr. Pascal Robin (General Manager of Sanofi Korea and Chairman of CCE Korea), celebrating a collaborative effort to strengthen economic ties between France and Korea. 🌐📈💼 During the ceremony, Mr. Olivier BECHT acknowledged the unity among French economic partners in Korea, emphasizing the pivotal role played by FKCCI as one of the most important Chambers in Asia. He also highlighted Korea's significance as an economic partner, with bilateral trade volume increasing by 30% in recent years. 🚀📊💡 Read more about this collaborative effort towards fostering stronger economic relations between France and Korea! 🇫🇷🤝🇰🇷 FR: https://lnkd.in/gqipC_fd KO: https://lnkd.in/ghftw8Dq    #TeamFranceKorea #economic #partnership #FKCCI #business #collaboration #CCE #BusinessFrance #LOI #Seoul #signing #ceremony #cooperation #commitment #attractiveness #economicties #bilateraltrade #trade #investment #community #potential #growth 

𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐭𝐢𝐦𝐢𝐧𝐠: 𝐒𝐞𝐫𝐛𝐢𝐚'𝐬 𝐅𝐓𝐀 𝐰𝐢𝐭𝐡 𝐂𝐡𝐢𝐧𝐚 𝐚𝐧𝐝 𝐭𝐡𝐞 𝐥𝐚𝐮𝐧𝐜𝐡 𝐨𝐟 𝐚 𝐧𝐞𝐰 𝐄𝐮𝐫𝐨𝐩𝐞𝐚𝐧 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐂𝐨𝐮𝐧𝐜𝐢𝐥 🌍 In a fascinating sequence of events, Serbia's recent launch of the Council of European Business Associations and Chambers closely follows the signing of a free trade agreement (FTA) with China. This strategic alignment could signal Serbia's robust agenda to strengthen its global economic ties while balancing its relations between major economic powers. 🤝 𝐄𝐧𝐡𝐚𝐧𝐜𝐢𝐧𝐠 𝐄𝐮𝐫𝐨𝐩𝐞𝐚𝐧 𝐢𝐧𝐭𝐞𝐠𝐫𝐚𝐭𝐢𝐨𝐧 𝐚𝐦𝐢𝐝𝐬𝐭 𝐞𝐱𝐩𝐚𝐧𝐝𝐢𝐧𝐠 𝐠𝐥𝐨𝐛𝐚𝐥 𝐫𝐞𝐥𝐚𝐭𝐢𝐨𝐧𝐬𝐡𝐢𝐩𝐬 Serbia's initiation of this council, shortly after cementing its trade relations with China, can be seen as a step to reassure and further solidify its economic and trade commitments with European entities. This development may serve two strategic purposes: deepening local integration with European markets, while diversifying its trade partnerships globally. 🔗 𝐃𝐢𝐬𝐜𝐮𝐬𝐬𝐢𝐨𝐧 𝐏𝐨𝐢𝐧𝐭: 𝐁𝐚𝐥𝐚𝐧𝐜𝐢𝐧𝐠 𝐄𝐚𝐬𝐭 𝐚𝐧𝐝 𝐖𝐞𝐬𝐭 The establishment of this council on the heels of the FTA with China raises several questions: - How will Serbia balance its increased cooperation with China with its long-standing relationships with European markets? - What strategies could Serbia use to take advantage of its geographical and political position in Europe while engaging more with Asian markets? This new council promises to improve trade relations and foster a business-friendly environment that could benefit both local and European companies. It could also be a strategic move to ensure that European interests remain a priority as Serbia's trade diversifies eastwards. Let's discuss! How do you see Serbia strengthening its ties with China and Europe at the same time? What impact could this have on business and trade dynamics in the region? #InternationalTrade #EuropeanUnion #Serbia #ChinaFTA #EconomicDiplomacy #europe #innovation #electricvehicles #ev #automotive #battery #solar #renewables Wolfgang Bernhart Céline Büchel Christoph SIARA Rutger Van Raalten Roger Atkins Alessandro Blasi Peter Paul K. Jin Hwan Kwak Jurryt Liefveld Steven Lans Tjark Tjin-A-Tsoi Wouter D. van Westenbrugge Ruud Zandvliet Ruud Hopmans Dr. Simon Engelke Dr. Wilhelm Graupner Miloš Nikolić Marijanti Babic Arvea Marieni (安薇薇) Leonard F. Yankelovich Strahinja Babovic Marek Slavik Marek Kubik Peter Kritzer European Commission European Leadership Bernd Schäfer Kristina Edström Frans-Paul van der Putten Bart Kuijpers Henri Zeller Hans Stegeman Rajko Brokken Erwin Weber

The first China International Supply Chain Expo kicked off in Beijing on Tuesday 28th of November with over 1,000 representatives from over 90 countries in attendance. In his opening speech, Premier Li Qiang said that China hopes to build "resilient, efficient and dynamic global industrial and supply chains" with partners and opposes disruptions to global cooperation. The China-Britain Business Council's own Chair, Sir Sherard Cowper-Coles, also spoke at the opening of the Expo joining senior executives from the World Trade Organisation, the World Intellectual Property Organisation, the International Trade Centre, and the China Council for the Promotion of International Trade amongst others. It was both a privilege and an honour for the China-Britain Business Council to be the only foreign trade promotion body / national business organisation included in the opening speaker line up. There were 5 main points mentioned that China (represented by Premier Li Qiang) have committed to and it was supported by other Keynote speakers: 1) we will firmly maintain the stability and smooth flow of Global Industrial and Supply Chains. 2) we will stick to innovation-driven development. 3) we will expand cooperation on free economy. 4) we will promote the development of digital economy 5) the business community should play a unique role #china #chinabusiness #chinaeconomy #globalsupplychain #internationaltrade

Xi goes to Europe: