“There are many converging visions and interests between the One Belt One Road initiative and the Juncker Investment Plan”, Ambassador Yang of the Chinese Mission to EU highlights from Brussels

Ambassador Yang China-Europe Investment Forum

HE Ambassador Yang Yanyi at the rostrum of China-Europe Investment and Connectivity Forum that took place on 09 November 2015 at the Committee of the Regions.

Remarks of HE Ambassador Yang of the Chinese Mission to EU at the Forum on China-Europe Investment and Connectivity Cooperation which took place at the Committee of the Regions in Brussels on 09 November 2015. The Forum took place in presence of Jyrki Katainen, Vice President of the European Commission, responsible for Jobs, Growth, Investment and Competitiveness and Markku Markkula, President of the Committee of the Regions.

 

Your Excellency Mr. Jyrki Katainen, Vice President of the European Union, Distinguished Guests, 

Ladies and Gentlemen,
 On behalf of the Chinese Mission to the EU, I have great pleasure to welcome everyone to today’s forum focusing on China-Europe Investment and Connectivity Cooperation.

This is the first ever collaboration between the Chinese Mission to the EU and the Committee of Regions to organize such a significant event. And I wish to thank all those involved for their hard work and excellent preparation.

China and Europe have seen one of the most comprehensive and productive relationships in the world, one that has undergone remarkable transformation since the establishment of diplomatic relations between China and the EU back in 1975 and one that has implications far beyond their bilateral ties. 

During Chinese President Xi Jinping’s visit to the EU in March 2014, both China and the EU agreed to forge comprehensive strategic partnership featuring peace, growth, reform and civilization and strengthen the global dimension of their cooperation.

As follow-ups to this historical visit, the 17th China-EU Summit held last June identified five priority areas of cooperation, namely exploring synergies between the One Belt One Road initiative and the Juncker Investment Plan, connectivity, digital economy, legal affairs dialogue and facilitation of people-to-people exchanges. And the 5th China-EU High-Level Economic Dialogue held last September, discussed in depth implementation of the consensus reached at the 17th China-EU Summit, focusing on strengthening cooperation on investment.

Obviously, today’s forum is conducted at the right juncture and the right place for us to explore the significance and impact of China-EU cooperation on our respective and the global economy, and particularlycollaboration, coordination and cooperation between China and the EU.

To say it is the right juncture is because the international community has been yearning for visions and initiatives that are powerful enough to create the necessary momentum to bring us out of the sluggish global economic recovery.  

Now the world economic outlook is still clouded by considerable uncertainties and volatilities.  Demand in the advanced economies remains lackluster and growth potential anemic.  The key markets are expected to encounter varying degrees of economic slowdown.  

That said, “Every cloud has a silver lining”. On the not so distant horizon we do see a glimmer of hope.Judging from the overwhelming participation by nations from different continents in the establishment of the Asian Infrastructure Investment Bank, the AIIB, and positive responses to exploration of building synergy between the Belt-Road initiative and the Juncker Investment Plan, it is apparent that the regional and global market regard these visions and efforts as driving forces that can provide the world economy with fresh and much-needed impetus to the otherwise mundane global growth outlook. 

Further more, the combined forces of the One Belt One Road initiative and the Juncker Investment Plan will contribute to advancing our respective restructuring and development agenda and building a community of shared interest.

Obviously, there are many converging vision and interest between the One Belt One Road initiative and the Juncker Investment Plan. They are all geared at continuously promoting reform, structural adjustment, improving the well-being of the people, and integratingdevelopment into global prosperity and growth by further opening market, expanding foreign trade and investment, orderly advancing financial reform, actively participatingin the process of global economic governance and contributing to building an open world economy system. 

The advancement of our shared vision and agenda, including the proposed China-EU joint investment cooperation, the launching of China -EU connectivity platform and AIIB,as well as China-EU cooperation in the digital economy including 5G will facilitate China’s medium-high-speed growthand medium-high-level development and the EU’s investment in resources of jobs and growth, and notably in its Single Digital Market, deepening its Economic and Monetary Union and consolidating the Euro area as well as achieving more fundamental reform. 

To say this is the right place is because Brussels boasts to be the Heart of Europe and one of the world-leading hubs for commerce, finance, culture, logistics, and top-quality universities, academics, institutions and think-tanks. Being extensively-connected with markets inside and outside Europe, Brussels offers an ideal venue for West meeting East and Europe meeting China.

Over the years, like elsewhere in the world, China and its relationship and cooperation with other major global players and economies have become the focus of attention within and without the EU institution. And the One Belt One Road initiative and its synergy with the EU development strategy, particularly coordination and cooperation in such fields as investment, connectivity, climate change, innovation, digital economy, cyber security, smart-cities, low-carbon cities, sustainable development, circular economy and green growth haveattracted lively discussions and heated debates.

It’s even more encouraging that there has been growing views if not consensus that China and the EU should take a farsighted and strategic approach with regard to their partnership. 

They should remain open and inclusive, take each other’s development as opportunities, manage “irritants”in a prudent manner and make sure that ideological differences or specific disagreements would not come in the way of long-term and steady growth of their relations.

They should achieve long-term, sustainable benefitsby increasing strategic communication and political mutual trust, advancing bilateral cooperation and CEEC cooperation in a flexible and pragmatic way, synergizingtheir respective development strategies, and deepeningcooperation in business, investment, finance and infrastructure and translating the potential of theirstrategy and initiative into tangible benefits.

They should be bold and pioneering in updating theircooperation by tapping new potential, generating new impetus and learning from each other’s governance experience and leading the global trend of development and reform.

Ladies and Gentlemen, events like today’s forum are imperative in taking forward the Belt-Road initiative and the EU development agenda. I have every confidence that, blessed with the unique advantages of shared aspiration and collective wisdom of the business sector, local communities, academia and governmental organizations, this Forum will contribute to implementing and delivering in full the enormous possibilities and opportunities presented by the Belt-Road initiative and the Juncker Investment Plan, and fulfilling our shared aspiration for peace, prosperity and progress.

We look forward to hearing about your insights on the topics and concrete proposals in front of us and I am sure that you will find today’s program rewarding and interesting.  

Thank you very much.”

Advertising

Advertising

Advertising

Advertising

Advertising

the sting Milestone

Featured Stings

Can we feed everyone without unleashing disaster? Read on

These campaigners want to give a quarter of the UK back to nature

How to build a more resilient and inclusive global system

Stopping antimicrobial resistance would cost just USD 2 per person a year

The Europeans with a job diminish dangerously

Global climate change: consequences for human health in Brazilian cities

We need new tools for the Big Data era

Climate change is exacerbating hunger in some of the world’s poorest countries. And those most at risk are the least to blame

This man swam under the East Antarctic ice sheet to highlight the impact of climate change

5 ways students can graduate fully qualified for the Fourth Industrial Revolution

Urgently address ‘defining challenges of our time’, to empower youth worldwide, top UN official tells forum

UN makes ‘declaration of digital interdependence’, with release of tech report

“Cyber security is a shared responsibility: stop, think, connect”, a Sting Exclusive by EU Commissioner Gabriel

New round of bargaining for the 2014 EU budget late in autumn

Security spillovers from Trump’s trade wars: China, Germany prepare for global disorder

Foreign investment to be screened to protect EU countries’ strategic interests

Commission proposes fishing opportunities in the Atlantic and North Sea for 2019

Women still struggle to find a job, let alone reach the top: new UN report calls for ‘quantum leap’

There is a forgotten solution to climate change that we must invest in – nature

UN chief pays tribute to ‘enduring contributions’ to regional, international diplomacy of Oman’s late Sultan Qaboos

This chart shows the fall in coal-power plants being planned around the world

Foreign Investment Screening: new European framework to enter into force in April 2019

We are on the edge of a new ‘cyber’ space age. This is how we make it a success

Corporations must help shape a better world – or risk being left behind

Can technology save life on Earth?

India’s strategy in space is changing. Here’s why

Connected Claims Europe on 18-19 September 2019, in association with The European Sting

New rules make household appliances more sustainable

Ocean Conference has potential to be a ‘global game-changer’

Why Nordic nations are the best places to have children

Lessons from the Global Entrepreneurship Index

EU Parliament: Follow the fraudulent money and confiscate it

Citizens to be the cornerstone of the Conference on the Future of Europe

First-ever EU defence industry fund to finance joint development of capabilities

Joint OECD and World Bank report urges governments to improve resilience to disasters and related fiscal risks

Further reforms needed for a stronger and more inclusive Argentine economy

Northern Ireland: Parliament wants to secure post-Brexit regional funding

People are scared of artificial intelligence – here’s why we should embrace it instead

Want to cut greenhouse gas emissions? Look to digital technologies

Scores killed in ‘barbaric’ attack on Mali village, UN chief urges restraint, calls for ‘dialogue’ to resolve tensions

Taxation: Commission refers Hungary to the Court for failing to apply the minimum EU excise duty on cigarettes

Vĕra Jourová, European Commissioner in charge of Justice

The New EU-US “Shield” for data privacy is full of holes

Veteran public official from Portugal elected to lead UN migration agency

US Tariffs on Steel and Aluminium: Statement of Trade Committee Chair

Meet the Junior Enterprise network at JEWC 2014!

Quality education an ‘essential pillar’ of a better future, says UN chief

Remarks by H.E. Ambassador Zhang Ming At the Reception in Celebration of the 70th Anniversary of the Founding of the People’s Republic of China

Investors have a role in securing our shared digital future

European Labour Authority ready to start working in October as decision is taken on new seat

Chart of the day: These countries have the largest carbon footprints

Nuclear non-proliferation treaty an ‘essential pillar’ of international peace, says UN chief

Mixed news about the Eurozone economy

Mental Health Policy, a significant driver for growth

Joint EU-U.S. statement following the EU-U.S. Justice and Home Affairs Ministerial Meeting

SCADA Security Conference 2017 in Prague, Czech Republic

Electronic cigarette – is it really a safer alternative to smoking?

Pharmaceuticals conceal drug side effects with the EU’s Court blessing

AIESEC Vlog

Rehn ready to sacrifice part of the real economy

Here are three ways blockchain can change refugees’ lives

How the gender commuting gap could be harming women’s careers

Economic Outlook: Weak trade and investment threaten long-term growth

Following week of bloodshed, ‘suffering of the Afghan people must end’: UN mission chief

UN General Assembly celebrates 20 years of promoting a culture of peace

More Stings?

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s