Images: Linnaea Mallette, Windmill Farm; Tom Ffiske, Woman On Grass With VR Headset; Jônatas Ferreira Jona F, Panama Canal; Mark Yang, Singapore Sea Lion and Skyline (Publicdomainpictures.net)
This issue of SinoExpress™, a monthly newsletter of SINOTALKS®, covers why California is well-placed to reap benefits brought by the Biden-Xi meeting, how the Metaverse brings China and Meta closer, what challenges the Panama and Suez Canals present to trade, and Singapore’s insights about Asia.
Image: Peter Griffin, Chinese Currency, Publicdomainpictures.net
China has signed memoranda of cooperation with Laos, Kazakhstan, and Pakistan to establish RMB clearing arrangements for handling cross-border transactions between China and these countries. Are other countries likely to follow suit and establish RMB clearing arrangements to strengthen their economic relations with China?
Since late 2021, China has been pushing the development of the Metaverse and expressing its keen interest in joining the Digital Economy Partnership Agreement, which was signed by Chile, New Zealand, and Singapore in June 2020. These efforts and their latest developments, together with President XI Jinping’s current visit to Central Asia, help show China’s strategic preparations for the future.
Image: Blue Planet Studio/Shutterstock.com
The Digital Economy Partnership Agreement (the “DEPA”) Joint Committee formally established a group to examine China’s application to join the agreement. How will the prospects of joining the DEPA further accelerate the development of China’s cross-border e-commerce in Asia, Latin America, and Oceania? Will China’s effort to join the DEPA help bring Chinese law in line with the international standards stated in the agreement?
Image: Alexander Lukatskiy/Shutterstock.com
The first batch of fresh avocados shipped to China from Kenya, Africa’s largest avocado exporter, just reached Shanghai. The shipment has arrived amid the growing trade between China and Africa. What aspects of China–Africa relations, apart from trade relations, are expected to show significant progress in the near future? Are there any challenges China and/or Africa will need to face as they turn towards expanding cooperation?
Image: Denis Belitsky/Shutterstock.com
China–Europe freight trains travel along more than 80 routes to connect nearly 200 cities in 24 European countries. In light of the win-win results for China and the countries along the routes, China has vowed to upgrade the service of these trains by establishing “international cooperation networks” and strengthening its support for cross-border e-commerce. What specific measures have been taken or agreed upon?
Image: Rastislav Kostelny/Shutterstock.com
The construction of the China–Kyrgyzstan–Uzbekistan Railway formally begins. Will it offer Kyrgyzstan and its neighboring countries unprecedented opportunities to become a hub of economic activities?
Left image: gnomeandi/Shutterstock.com
Right image: Peter Gudella/Shutterstock.com
The worsening food crisis around the world has made the China–Laos Railway, which opened in December 2021, even more important to China. Has China taken steps to help Laos so that the latter can manage related legal risks better? From China’s perspective, helping Laos maximize its benefits from this USD 6 billion railway project while minimizing the risks involved will strengthen the two countries’ relations and bode well for China’s presence in that region.