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  Feb, 28th, 2018 Monday

BFA Update

Secretary General ZHOU Wenzhong visited Guangdong Province

From February 26th to 27th, 2018, Secretary General ZHOU Wenzhong visited Guangdong on invitation.On February 26th, Deputy Secretary General of People's Government of Guangdong Province ZHANG Hu met with Secretary General ZHOU at the behest of Provincial Governor MA Xingrui.

WANG Yi: The theme of this year’s Boao Forum for Asia is reform and opening up

WANG Yi, the Foreign Minister of China, revealed at a press conference at the First Session of the 13th National People’s Congress on the 8th day that the highlights of China’s diplomacy this year are mainly manifested in the four major events in China.

On-site meeting on preparations of Boao Forum for Asia Annual Conference 2018 held in Hainan

MAO Chaofeng, a member of the Standing Committee of the Hainan Provincial Party Committee and Executive Vice Governor of Hainan Province, led a team to conduct a comprehensive inspection of the preparations for the Boao Forum for Asia Annual Meeting 2018.

Political and Economic News

World Bank: Global wealth increased 66% between 1995 and 2014

In its latest report “The Changing Wealth of Nations 2018”, the World Bank pointed out that in the past 20 years, global wealth has increased by leaps and bounds, but per capita wealth in more than 20 countries with different income levels declined or stagnated.

The Fed raises interest rates four times this year, Goldman Sachs said Asian markets can withstand the pressure

The testimony by the new Federal Reserve Chairman Powell in the US House of Representatives and the Senate triggered a downturn in Asian stock markets. Powell hinted that the Fed may raise interest rates four times in 2018.

The latest forecast of the IMF World Economic Outlook: China’s economy grows 6.6% in 2018

Recently, the International Monetary Fund (IMF) released on its website the global outlook for the year 2018 with the theme of “Brighter Prospects, Optimistic Markets, Challenges Ahead”.

Goldman Sachs 79-page complete report on Blockchain: from theory to practice

Now Silicon Valley and Wall Street are obsessed with blockchain. However, the potential of the blockchain is more detailed and far-reaching. From theory to practice, we explore a slew of specific real-world application scenarios that cover a variety of markets and industries, including leisure tourism, energy, real estate, and finance.

Gain insight into world tourism economic trends in 2018 through one report

Based on the research and analysis of core data such as the total size of the global tourism economy, the Report on World Tourism Economy Trends (2018) forecasts that the total number of global trips reaches 11.88 billion in 2017, which is 1.6 times the global population size.

McKinsey & Company report predicts 10 trends in artificial intelligence in 2018

According to a report released by McKinsey, a management consulting company, Alphabet, Google’s parent company, invested approximately $30 billion in artificial intelligence and Baidu invested some $20 billion in this field in 2017.

OECD warns: Global economic recovery may be counterbalanced by trade conflicts

The latest medium-term economic outlook report released by the Organisation for Economic Co-operation and Development (OECD) suggests that global economic growth has gradually strengthened, investment witnesses robust growth, trade growth has rebounded, and employment has picked up.

Research Center

Development of Emerging Economies for AC2017

Asian Competitveness for AC2017

Progress of Asian Economic Integration for AC2017

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Member update

China Construction Bank New Zealand Branch holds opening ceremony

On the afternoon of February 2, local time, New Zealand Branch of China Construction Bank Corporation held its celebration for opening ceremony in Auckland. The guests from the political, business and financial sectors in New Zealand and China attended the ceremony.

Kehui HitGen announces cooperation with Pfizer in scientific research

Kehui HitGen Pharmaceutical R&D Co., Ltd., a Chengdu-based private biotechnology company (“Kehui HitGen”) mainly engaged in the development and research of new candidate drugs, announced today that it had signed a two-year contract with Pfizer Inc.

China Minsheng Investment sets up “Love Equation” engineer group

On the afternoon of February 7, a ceremony was held to award the flag to the engineer group for China Minsheng Investment “Love Equation” charity event at the headquarters of China Minsheng Investment in Shanghai.

SINOMACH signed a comprehensive strategic cooperation agreement with Dongfang Electric and China XD

On February 11, the signing ceremony for the comprehensive strategic cooperation agreement among SINOMACH, Dongfang Electric and China XD Group was held at the headquarters of SINOMACH.

Promotion conference of COSCO Shipping’s Arctic Line in Japan kicks off cooperation under Ice Silk Road

On the afternoon of February 9, COSCO SHIPPING Lines (Japan) Co., Ltd. and COSCO Shipping Specialized Carriers Co., Ltd. jointly organized the “Promotion Conference for COSCO Shipping’s Arctic Line Customers” in Tokyo.

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