Fintech PR

Why has China achieved remarkable successes in promoting cooperation under Belt and Road Initiative?

Published

1 year ago

October 17, 2023

why-has-china-achieved-remarkable-successes-in-promoting-cooperation-under-belt-and-road-initiative?

BEIJING, Oct. 17, 2023 /PRNewswire/ — A report from People’s Daily: China will host the third Belt and Road Forum for International Cooperation (BRF) in Beijing from Oct. 17 to 18. It is reported that representatives from over 140 countries and more than 30 international organizations have confirmed their attendance at the event.

Despite the turbulent international situation, China has rolled out the red carpet to welcome guests from all over the world, which demonstrates the country’s unswerving commitment to promoting world peace and development.

Over the past decade since Chinese President Xi Jinping proposed the Belt and Road Initiative (BRI), stories of win-win cooperation have continued to unfold along this public road of shared opportunities and common development.

So far, over 150 countries and more than 30 international organizations have signed more than 200 BRI cooperation agreements with China; the Asian Infrastructure Investment Bank has grown from 57 founding members to 109 members, which account for 81 percent of the world’s population and 65 percent of global GDP; and more than 80 routes have been launched for the China–Europe freight trains, reaching 217 cities in 25 European countries.

Experience over the past 10 years has fully proven that the BRI is an open and inclusive platform and a global public good jointly built by all partners.

International analysts have eagerly sought to understand what allowed China to conceive the grand initiative and accomplish significant achievements in furthering its development.

The BRI is the result of China’s reflections on the future and destiny of humanity. In March 2013, in the face of the profound questions of “What is wrong with the world?” and “What should we do about it?”, which concern the world, history and the times, Xi creatively proposed the concept of building a global community with a shared future for mankind.

By launching the BRI, China aims to put this concept into practice and build a practical platform and open up paths for creating an open, inclusive, clean and beautiful world that enjoys lasting peace, universal security and common prosperity.

The BRI stemmed from China’s unshakeable pursuit of world peace and development. China unswervingly follows the path of peaceful development. It safeguards world peace to ensure its own growth, and contributes to world peace through its own development.

Taking the path of peaceful development is China’s response to international concerns about its development direction, and also a reflection of the confidence and consciousness of the Chinese people in achieving their development goals.

By proposing the BRI, China strives not only to pursue its own development and enhance its capacity to safeguard world peace, but also to benefit the world by strengthening the forces for upholding world peace and development.

In pursuing Belt and Road cooperation, China will not resort to the outdated geopolitical maneuvering, but will create a new model of win-win cooperation. It will not form “a small group detrimental to stability”, but will try to create “a big family of harmonious coexistence”.

The success of the BRI represents the success of China’s development path and experience. China has achieved the two miracles of rapid economic growth and long-term social stability, resolved its problem of absolute poverty once for all, and realized its first centenary goal of building a moderately prosperous society in all respects. The fundamental reason for these achievements is that China has found a successful development path that is suited to its national conditions and people’s aspirations and supported by its people.

With nine percent of the world’s arable land and six percent of the freshwater resources, China feeds nearly one-fifth of the world’s population. In 2022, China’s GDP expanded to 121 trillion yuan ($16.56 trillion), while its share of the global economy rose to 18 percent, demonstrating remarkable development achievements.

The success of China’s development path has strengthened other developing countries’ determination to pursue paths based on their own national realities, and China’s great achievements in development have boosted other developing countries’ confidence in realizing national prosperity, national rejuvenation and improving people’s wellbeing. The BRI has provided valuable opportunities for other developing countries to draw on China’s development experience.

The success of the BRI is the success of China’s commitment to open development. Only when a country is strong enough can it have the confidence to open its doors to the world, and opening up in turn enhances its prosperity. The BRI is a major initiative China has launched to expand opening up. It is not a solo endeavor by China, but a collaborative effort involving all stakeholders.

In the face of a rising tide of de-globalization, China remains firmly committed to high-level opening up, creating an even brighter future for cooperation under the BRI.

The BRI has continuously broken deadlocks, removed bottlenecks and spurred innovations, showing the world that only by building an open world economy can countries improve the wellbeing of their peoples.

As former Spanish Prime Minister Jose Luis Rodriguez Zapatero pointed out, the BRI upholds an open and inclusive vision for development that transcends borders and zero-sum game mindset, which is precisely the development philosophy the world urgently needs today.

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Fintech PR

7th CIIE Successfully Wraps: Highlights by the Numbers

Published

4 hours ago

November 28, 2024

CISION (PR Newswire)

7th-ciie-successfully-wraps:-highlights-by-the-numbers

SHANGHAI, Nov. 28, 2024 /PRNewswire/ — The 7^th China International Import Expo (CIIE) drew to a successful close on November 10th in Shanghai. While many intangible achievements and connections were made, this year’s data shows how the Expo achieved unprecedented success in global participation and business opportunities. Tentative deals totaled USD 80.01 billion, marking a 2 percent increase from the previous year.

Vibrant Participation from around the World

As a crucial platform for global collaboration, the 7^th CIIE invited 77 countries and international organizations from five continents for the Comprehensive Country Exhibition. Participants incorporated unique cultures, national identities, and modern technology into booth designs, with an impressive lineup of over 200 captivating events hosted at the booths. A total of 3,496 companies from 129 countries and regions participated in the Enterprise & Business Exhibition, including 1,585 companies from 104 countries in the Belt and Road Initiative, 1,106 companies from 13 countries in the Regional Comprehensive Economic Partnership, and 132 exhibitors from 35 least developed countries.

Wide Range of Cutting-Edge Innovations and Debuts

Innovative achievements and diverse debuts have consistently been a major highlight from each edition of the expo. At the 7^th CIIE, the Innovation Incubation Special Section showcased 360 innovative projects from 34 countries and regions, supporting the development of small and medium-sized enterprises (SMEs) and startups. In addition, multinational companies introduced 450 new products, services, and technologies, including over 100 global launches, 40 Asia premieres, and over 200 China debuts, unlocking momentum for new drivers of consumer demand.

International Perspectives and Collaborative Dialogues at the HQF

Serving as an important platform for international communication, the Hongqiao International Economic Forum (HQF) becomes a focal point of attention at each edition of the CIIE. Focusing on trending topics, the 7^th HQF attracted over 8,600 registrations and convened more than 300 globally renowned experts and leaders in politics, business, and academia. The 7^th HQF also released the World Openness Report 2024 alongside the World Openness Index, delivering a message of openness and fostering international cooperation.

The 7^th China International Import Expo was undoubtedly a complete success, demonstrating its significant role as a stage for advancing global cooperation. With preparations for the 8^th CIIE actively underway, the expo continues to expand opportunities for global trade and economic cooperation, warmly inviting countries and enterprises from abroad to join!

Visit CIIE official website for more information: https://www.ciie.org/zbh/en/?from=prnewswire

Contact: Ms. Cui Tel.: 0086-21-968888 Email: [email protected]

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Fintech PR

Europi Property Group AB (publ) successfully issues senior unsecured green bonds

Published

4 hours ago

November 28, 2024

CISION (PR Newswire)

STOCKHOLM, Nov. 28, 2024 /PRNewswire/ —

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR TO ANY PERSON LOCATED OR RESIDENT IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL OR WOULD REQUIRE REGISTRATION OR OTHER MEASURES TO DISTRIBUTE THIS ANNOUNCEMENT.

Europi Property Group AB (publ) (“Europi” or the “Company“) has successfully issued senior unsecured green bonds of EUR 50m under a framework of up to EUR 100m and a tenor of three years (the “Green Bonds“). The Green Bonds have a floating interest of 3M Euribor plus 500 basis points per annum. Europi intends to list the Green Bonds on the sustainable bond list of Nasdaq Stockholm within 12 months and Nasdaq Transfer Market within 60 days, with an ambition to have the Green Bonds admitted to trading within 30 days.

An amount corresponding to the net proceeds from the Green Bonds will be used in accordance with the Company’s green finance framework (the “Green Finance Framework“).

Skandinaviska Enskilda Banken AB (publ) and ABG Sundal Collier AB have acted as advisors in relation to the issue of the Green Bonds. Vinge has acted as legal counsel in relation to the issue of the Green Bonds.

More information regarding the Green Finance Framework and Sustainalytics’ second party opinion can be found at https://europi.se/bond-investors/

For further information, please contact:
Jonathan Willén, CEO, [email protected]
+46 (0) 8 411 55 77

About Europi (www.europi.se)
Europi Property Group, founded in 2019, is a pan-European real estate investment company headquartered in Stockholm (with an office also in London) investing discretionary capital across all sectors with a flexible investment strategy. Europi has since inception completed public and private transactions of more than €700m in gross asset value alongside its established network of local operating partners and completed four successful exists. By combining a truly entrepreneurial, active ownership approach with focus on social and environmental sustainability, Europi generates long term value and positive impact for all stakeholders.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/europi-property-group/r/europi-property-group-ab–publ–successfully-issues-senior-unsecured-green-bonds,c4073222

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Fintech PR

Bybit x Block Scholes Derivatives Report: ETH Outperforms BTC

Published

4 hours ago

November 28, 2024

CISION (PR Newswire)

bybit-x-block-scholes-derivatives-report:-eth-outperforms-btc

DUBAI, UAE, Nov. 28, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, in collaboration with Blocks Scholes, released the latest weekly derivatives analytics report and uncovered signals indicating ETH’s rise above BTC in the past week.

Fueled by news of current U.S. SEC Chair Gary Gensler’s departure at the end of the Biden administration’s term, ETH performance has positively surprised investors. In particular, open interest in ETH perpetual has been on the rise. Several large-cap altcoins also benefited from Gensler’s announcement, anticipating less scrutiny upcoming January.

Key Insights:

ETH outperformed BTC in open interest: Perpetual swap data has seen a gradual decline in BTC open interest while ETH contracts increased. ETH has also been taking a bigger share of daily trading volumes in the past 6-month time frame despite an overall slower market this week. The optimism could be attributed to hopeful investors’ expectation of a more crypto-friendly SEC Chair after Gensler’s last day on Jan. 20, 2025.

BTC price in retreat: BTC price’s ebbing from the $100K mark has flattened the ATM volatility term structure, with short-tenor options dipping below 60%. This mirrors a pattern observed since the U.S. election. Lower realized volatility explains the drop, while open interest in calls and puts remains unchanged, demands for short-term options this week have stagnated.

ETH options – bullish sentiment in moderation: ETH options show slightly more bullish sentiment than BTC options. Markets have recalibrated after the post-election high, but call options remain in the lead in both trading volumes and open interests.

Access the Full Report:

Read the full report in context here.

#Bybit / #TheCryptoArk /#BybitResearch

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

For more details about Bybit, please visit Bybit Press

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