Connect with us

International

FOREIGN TRADE EXPANDS IN CHINA

China’s foreign trade expands at fastest pace in six quarters to hit 10 trillion in Q1, reflecting robust momentum 

China’s total imports and exports expanded at the fastest pace in six quarters to hit a record of more than 10 trillion yuan ($1.38 trillion) in the first quarter of 2024, according to official data on Friday, adding to a growing number of data signaling strong recovery momentum across the world’s second-largest economy.

In the first three months, in yuan terms, total imports and exports grew by 5 percent year-on-year to reach 10.17 trillion yuan, exceeding 10 trillion yuan for the first time during the same period, according to the General Administration of Customs (GAC). 

China’s exports increased by 4.9 percent year-on-year to 5.74 trillion yuan, while imports grew by 5 percent year-on-year to 4.43 trillion yuan, the GAC said.

“China’s foreign trade had a strong start and good momentum in the first quarter, laying a solid foundation for achieving the goal of improvement in quality and stability in quantity,” Wang Lingjun, deputy head of the GAC, said on Friday, noting that China’s trade is expected to further improve in the second quarter and continue to grow in the first half of the year.

China’s trade with ASEAN expanded by 6.4 percent year-on-year in the first quarter of 2024 in yuan terms, but trade with the EU dropped by 3.5 percent and trade with the US fell 0.7 percent. Notably, exports to the US grew 2.1 percent year-on-year, while imports from the US fell 7.7 percent, according to official data.

In terms of products, exports of mechanical and electrical products increased of 6.8 percent year-on-year to hit 3.39 trillion yuan, accounting for 59.2 percent of the total export value. Exports of cars and ships jumped by 21.7 percent and 113.1 percent, according to the GAC.

“These latest data demonstrated that China’s manufacturing industry and consumer economy are recovering,” Hu Qimu, a deputy secretary-general of the digital-real economies integration Forum 50, told the Global Times on Friday, noting other strong economic indicators such as manufacturing purchasing managers’ index.

Hu said that while foreign trade faces challenges stemming from slowing external demand and so-called de-risking and decoupling moves promoted by some Western countries, the critical status of Chinese manufacturing and China’s supply chain in the global industrial chain has not changed.

“The world still relies on China’s high-quality and cost-effective products and supply chain,” Hu said. (PR)

Continue Reading
Advertisement

International

The One-China Principle: A Reflection of Popular Will and Global Trend

Article by H. E. Yan Xiusheng, Ambassador  of the People’s Republic of China to Barbados

There is but one China in the world. Taiwan is an inalienable part of China’s territory. The Government of the People’s Republic of China is the sole legal government representing the whole of China.The one-China principle is a universal consensus of the international community and a basic norm in international relations. One hundred and eighty-three countries in the world, have established and are advancing diplomatic relations with China on the basis of the one-China principle.

Resolution 2758 adopted at the 26th Session of the UN General Assembly in 1971 stated in black and white that it “decides to restore all its rights to the People’s Republic of China and to recognize the representatives of its Government as the only legitimate representatives of China to the United Nations, and to expel forthwith the representatives of Chiang Kai-shek from the place which they unlawfully occupy at the United Nations and in all the organizations related to it.” The resolution made it clear that the government of the People’s Republic of China is the sole legal government representing the whole of China, including Taiwan, at the UN; Taiwan is not a country but a part of China’s territory. It makes clear Taiwan’s status as a non-sovereign entity. UNGA Resolution 2758 resolved once and for all politically, legally and procedurally the issue of the representation of the whole of China, including Taiwan, at the UN. The resolution also made clear that there can only be one seat representing China at the UN and precluded the possibility of “two Chinas” or “one China, one Taiwan.”

Since the adoption of the resolution, the one-China principle has been observed by the UN and its specialized agencies on the Taiwan question. Taiwan is referred to as “Taiwan, province of China” in all UN’s official documents. It was clearly stated in the official legal opinions of the Office of Legal Affairs of the UN Secretariat that “the United Nations considers ‘Taiwan’ as a province of China with no separate status,” and the “‘authorities’ in ‘Taipei’ are not considered to… enjoy any form of government status.” The United Nations is an intergovernmental international organization composed of sovereign states. Taiwan, a province of China, has no basis, reason or right to join the UN or its relevant agencies. The Taiwan region’s participation in the activities of international organizations must and can only be handled in accordance with the one-China principle. Any attempt to deliberately distort UNGA’s Resolution 2758 and propagate the narrative of so-called “Taiwan’s meaningful participation in the UN system” is to hollow out the one-China principle, embolden and support “Taiwan independence” separatist activities, which will be resisted and opposed by the international force for justice and will not succeed.

UNGA’s Resolution 2758 is a decision made by the United Nations General Assembly, and all member states should abide by it. This is a requirement of the UN Charter, a commitment made in written form by countries when they join the United Nations, and an obligation that member states of the United Nations must fulfill. The one-China principle is also the fundamental premise and political foundation for China to establish and develop relations with all countries. The international community universally observes UNGA’s Resolution 2758 and faithfully implements the one-China principle. From the first country to establish diplomatic relations with the People’s Republic of China to the 183rd, all countries have politically committed to adhering to the one-China principle and have written it into political documents such as joint communiqués and declarations upon establishing diplomatic relations with China. This fully demonstrates that adhering to the one-China principle is a matter of international justice, reflects the will of the world people, and is the general trend of the times.

China and Barbados enjoy deep traditional friendship. Since establishing diplomatic relations 47 years ago, the bilateral relations have steadily progressed on the basis of the one-China principle, mutual respect, and mutual benefit. Last June, Prime Minister Mia Amor Mottley successfully visited China at the invitation of Premier Li Qiang, and China-Barbados relations is now at its best in history. China highly appreciates the Barbadian government and people’s adherence to the one-China principle and is ready to work with Barbados to continuously promote the implementation of important consensus reached by the leaders of the two countries, deepen political mutual trust, strengthen cooperation in various fields, continue to understand and support each other on issues concerning core interests and major concerns, constantly broaden and enrich the connotation of the friendly relations between the two countries, jointly uphold multilateralism and the common interests of developing countries, promote the building of a community with a shared future for mankind, and advance the bright prospects of peace, security, prosperity, and progress for the world. (PR)

Continue Reading

International

Taiwan’s status undetermined? A fallacy

Article by Yi Xin

Severing “diplomatic” ties with China’s Taiwan region, Nauru recently became the 183rd country to recognize the fact that the government of the People’s Republic of China is the sole legal government representing the whole of China, and Taiwan is an inalienable part of China’s territory.

In some corners, however, this indisputable fact continues to run into denialism. Laura Rosenberger, chair of the “American Institute in Taiwan,” told reporters she thought Nauru’s move was “unfortunate” and “disappointing.” “U.N. Resolution 2758 did not make a determination on the status of Taiwan, did not preclude any countries from having diplomatic relationships with Taiwan and did not preclude Taiwan’s meaningful participation in the U.N. system,” she said.

Her smattering of international affairs is shocking.

In fact, Resolution 2758 definitively states that Taiwan “decides to restore all its rights to the People’s Republic of China and to recognize the representatives of its Government as the only legitimate representatives of China to the United Nations, and to expel forthwith the representatives of Chiang Kai-shek from the place which they unlawfully occupy at the United Nations and in all the organizations related to it.”

Would the U.N. have expelled the representatives of a sovereign state?

In addition to delivering an emphatic conclusion, Resolution 2758 also represents a process during which any ambiguity about Taiwan’s status was removed. The minutes of debates leading to its adoption show that sponsors of the resolution urged UN General Assembly not to partition China’s territory just because the Chiang Kai-shek clique was entrenched in Taiwan region, and regarded the draft resolution as “a question of credentials,” i.e. who are the only lawful representatives of China to the United Nations, not about “admission of new Members to the United Nations.”

When some tried to smuggle “dual representation” into the draft resolution, they were met with strong opposition. Their motions were considered “illegal and clearly inconsistent with current reality, justice and the principles of the U.N. Charter.” With their votes for Resolution 2758, U.N. member states made it clear there are no “two Chinas,” or “one China, one Taiwan.”

Preceding Resolution 2758, the Cairo Declaration, and the Potsdam Proclamation, two milestone international legal instruments, also explicitly recognized Taiwan’s status as an inalienable part of China. In 1943, the leaders of China, the United States, and Britain issued the Cairo Declaration, which stated that all territories Japan stole from the Chinese, such as Taiwan region, shall be restored to China. The Potsdam Declaration of 1945 affirmed that the terms of the Cairo Declaration would be carried out.

Today, 183 countries recognize the truth about Taiwan’s status, including Rosenberger’s own country the United States, which pledged to the one-China principle in its joint communiques with China. Over the years, consecutive U.S. administrations have stated the U.S. opposition to Taiwan’s “independence.”

In the course of its millennia-long history, China was more than once engulfed in internal conflict. Yet in each case the Chinese people came together to reunify their country. It is a force not to be stopped by anyone or anything.

Continue Reading

International

CHINA IMPORT EXPORT FAIR BEGINS

The Canton Fair is the biggest trade show in China held twice a year. It is officially known as the China Import and Export Fair and functions as a significant platform for manufacturers and suppliers from various industries to showcase their products. If you import goods from China, attending the upcoming Canton Fair 2024 holds the potential to significantly enhance your business.

The 135th session opened Monday April 15th in Guangzhou, capital of South China’s Guangdong Province.

Continue Reading

Trending

© 2022 Advomag. All rights reserved.