Meeting and Reception with the Ambassador and Consuls General of Belgium in China – Wednesday 27 January 2016 – 18h00 – Brussels
Dec-21-2015 By : fcccadmin
The Flanders-China Chamber of Commerce (FCCC) is organizing a meeting with the Ambassador and Consuls General of Belgium in China. This event will take place on Wednesday 27 January 2016 at 18h00 at BNP Paribas Fortis, Kanselarijstraat 1 in Brussels. This event is an excellent opportunity to discuss your companies’ activities in China with the Ambassador and Consuls General of Belgium in China.
Programme:
6.00 pm Registration
6.30 pm Speeches by
Mr Bert De Graeve, Chairman, Flanders-China Chamber of Commerce Mr Michel Malherbe, Ambassador of Belgium in China Mrs Cathy Buggenhout, Consul General of Belgium in Shanghai Mr Christian de Lannoy, Consul General of Belgium in Guangzhou Mrs Michèle Deneffe, Consul General of Belgium in Hong Kong and Macao
7.00 pm Exchange of views and networking with the Ambassador and Consuls General
8.00 pm End of Programme
If you are interested in attending this event, please register online before 21 January 2016.
The participation fee for members is 45 € (excl.VAT). The fee for non-members is €75 (excl.VAT).
Chinese NGO sues Volkswagen
By : fcccadmin
The China Biodiversity Conservation and Green Development Foundation, an NGO based in Beijing, has filed a lawsuit against Volkswagen over the company’s cheating on emissions readings. It is the first public-interest lawsuit in China related to pollution from automobile exhaust. The group said it hopes to attract attention to the need to supervise motor vehicle exhaust.
PBOC launches trade weighted index (TWI) for the yuan
By : fcccadmin
China aims to maintain a stable yuan by measuring the currency against a basket of foreign currencies to create a flexible exchange rate system. The People’s Bank of China (PBOC) has recently released a trade-weighted index (TWI) for the yuan that measures the yuan’s valuation against a basket of the 13 currencies of China’s major trading partners. The TWI will be adjusted regularly. The U.S. dollar, euro and the yen are the three largest components in the basket, accounting for 26.4%, 21.4% and 14.7% respectively. The yuan has appreciated about 1.45% against the basket of currencies since the end of 2014 and weakened 5% against the U.S. dollar under the official reference rate. Yuan stability will now be measured in TWI terms.
China becomes a member of the EDRB
By : fcccadmin
The European Bank for Reconstruction and Development (EBRD) has approved China as a new bank shareholder. China’s membership will help to connect its Belt and Road Initiative with the Investment Plan for Europe and open up new investment opportunities for regions where the EBRD is active. The EBRD will not do business in China, but Chinese enterprises and financing institutions can start projects and build financial cooperation among its 36 members that can borrow money from the bank. Besides China, the existing shareholders include 64 countries and two international organizations. EBRD President Suma Chakrabarti said the bank plans to work closely with the Asian Infrastructure Investment Bank (AIIB). Experts said future cooperation between the two banks will focus on infrastructure construction, energy and railway projects. Last year, the EBRD issued a total of €8.9 billion in debt, of which €800 million was for countries in Central Asia, a region of importance on the Belt and Road routes. Peter Kung, Vice Chairman of KPMG China, said that the move will accelerate projects under the Belt and Road Initiative, which will provide significant support for China’s economic growth in the coming year, the China Daily reports.
Microsoft to adapt Windows 10 for Chinese government
By : fcccadmin
Microsoft is forming a joint-venture in China to tailor a version of its new Windows 10 computer operating system for use by the Chinese government and certain state-owned enterprises (SOEs). The joint venture, tentatively called C&M Information Technologies, is being created in a partnership with state-owned China Electronics Technology Group and will be based in Beijing. Windows 10 is not currently allowed to be installed on Chinese government computers.
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