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  Jan, 8th, 2018 Monday

BFA Update

Secretary General ZHOU Wenzhong attended the Third Round of China-Japan CEOs and Former Senior Officials’ Dialogue

On Dec 4th and 5th, 2017, the China Center for International Economic Exchanges (CCIEE) and the Japanese Economic Federation (Keidanren) held the Third Round of China-Japan CEOs and Former Senior Officials’ Dialogue in Tokyo, Japan.

Shaukat AZIZ: Asia should be coordinated, rather than “go it alone”.

The 2017 Boao Youth Forum for Asia (Hong Kong) was held in Hong Kong. Shaukat AZIZ, former Pakistani Prime Minister and BFA board member, delivered a keynote speech at the opening ceremony.

LEUNG Chun-ying: the Belt and Road Initiative should follow the principle of extensive consultation, joint contribution and shared benefits

At the opening ceremony and plenary session of 2017 Boao Youth Forum for Asia (Hong Kong), LEUNG Chun-ying, Vice Chairman of the National Committee of the Chinese People's Political Consultative Conference, delivered a keynote speech.

DONG Mingzhu: good enterprises should serve as the “Whampoa Military Academy” for talent cultivation

DONG Mingzhu, Chairperson of the Board of Gree, said at the 2017 Boao Forum for Asian Development Summit (Macao) that talents, especially young talents, were most important for developing the real economy.

Political and Economic News

UN world economic report: China contributed about one third to global economic growth this year

The report pointed out that world economic growth was gaining momentum and East Asia and South Asia remain the most economically dynamic regions in the world. China contributed approximately 1/3 to the global economic growth.

Goldman Sachs’report says that the overall unemployment rate in America may drop to 3.3%

In his latest report, Goldman Sachs’ chief economist Hades pointed out that the robust growth of US economy is expected to remove the idle space in its job market and drive other sectors of the economy toward full employment.

McKinsey & Co: emerging economies in Asia will become a major consumer of the fashion market.

According to The Business of Fashion and the 2018 Global Fashion Survey, the global fashion industry will hit USD 2.5 trillion in market value in 2018.

OECD: Retirement will be delayed in half of the countries

According to the Pension Review released by the Organization for Economic Cooperation and Development, half of its member states will delay their retirement ages from now until the year 2060, by 1.5 years for men and 2 years for women.

IMF report affirms China’ financial reform and points out the need for continued risk prevention.

The International Monetary Fund (IMF) released the China Financial System Stability Assessment on December 6. The Assessment showed that China’s economy continues to grow.S

Standard Chartered Bank’s special report says that the Belt and Road Initiative is gaining momentum

According to a special report released by Standard Chartered Bank, huge progress has been made in the implementation of the Belt and Road Initiative, which is gaining momentum lately.

Research Center

Development of Emerging Economies for AC2017

Asian Competitveness for AC2017

Progress of Asian Economic Integration for AC2017

Member Center

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Member update

CEFC and Fudan University Build Institute of Belt and Road & Global Governance

On November 5, 2017, CEFC China signed a cooperation agreement with Fudan University on the occasion of “High-Level Forum on the Belt and Road Initiative & Global Governance & Formal Launch of Fudan Institute of Belt and Road & Global Governance”.

Macau Foundation held a series of culture performance themed on the Belt and Road Initiative

A series of cultural performances themed on the Belt and Road Initiative co-organized by China International Cultural Communication Center.

China Minsheng Investment (CMIG) Asia (CMIG): the Belt and Road Initiative stimulates innovation in financial service

On December 12, 2017, CMIG Asia Asset Management Co., Ltd., a subsidiary of China Minsheng Investment Co., Ltd (CMIG), co-sponsored the 2017 Asia Pacific Asset Management Summit in Hangzhou as a strategic partner.

Yamal LNG project begins gas exports

Paris, 8 December, 2017, Total announces that the first cargo of liquefied natural gas (LNG) from Yamal LNG is ready to leave Sabetta. This first shipment is a major milestone for Yamal LNG, one of the biggest liquefied natural gas projects in the world.

APP (China) has been awarded the "Best Practice of Sustainable Development Goals for Chinese Enterprises in 2017"

On December 19,2017, the "2017 Sustainable Development Goals China Enterprise Summit" hosted by the U.N. Global Compact Network China was held in Beijing.

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