China's Supply-Side Structural Reforms: Progress and Outlook
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Agreements That Have Undermined Venezuelan Democracy Xxxxxxxxxxxxxxxxxxxxxxthe Chinaxxxxxxxxxxxxxxxxxxxxxx Deals Agreements That Have Undermined Venezuelan Democracy
THE CHINA DEALS Agreements that have undermined Venezuelan democracy xxxxxxxxxxxxxxxxxxxxxxThe Chinaxxxxxxxxxxxxxxxxxxxxxx Deals Agreements that have undermined Venezuelan democracy August 2020 1 I Transparencia Venezuela THE CHINA DEALS Agreements that have undermined Venezuelan democracy Credits Transparencia Venezuela Mercedes De Freitas Executive management Editorial management Christi Rangel Research Coordinator Drafting of the document María Fernanda Sojo Editorial Coordinator María Alejandra Domínguez Design and layout With the collaboration of: Antonella Del Vecchio Javier Molina Jarmi Indriago Sonielys Rojas 2 I Transparencia Venezuela Introduction 4 1 Political and institutional context 7 1.1 Rules of exchange in the bilateral relations between 12 Venezuela and China 2 Cash flows from China to Venezuela 16 2.1 Cash flows through loans 17 2.1.1 China-Venezuela Joint Fund and Large 17 Volume Long Term Fund 2.1.2 Miscellaneous loans from China 21 2.2 Foreign Direct Investment 23 3 Experience of joint ventures and failed projects 26 3.1 Sinovensa, S.A. 26 3.2 Yutong Venezuela bus assembly plant 30 3.3 Failed projects 32 4 Governance gaps 37 5 Lessons from experience 40 5.1 Assessment of results, profits and losses 43 of parties involved 6 Policy recommendations 47 Annex 1 52 List of Venezuelan institutions and officials in charge of negotiations with China Table of Contents Table Annex 2 60 List of unavailable public information Annex 3 61 List of companies and agencies from China in Venezuela linked to the agreements since 1999 THE CHINA DEALS Agreements that have undermined Venezuelan democracy The People’s Republic of China was regarded by the Chávez and Maduro administrations as Venezuela’s great partner with common interests, co-signatory of more than 500 agreements in the past 20 years, and provider of multimillion-dollar loans that have brought about huge debts to the South American country. -
Shanghai Municipal Commission of Commerce Belt and Road Countries Investment Index Report 2018 1 Foreword
Shanghai Municipal Commission of Commerce Belt and Road Countries Investment Index Report 2018 1 Foreword 2018 marked the fifth year since International Import Exposition Municipal Commission of Commerce, President Xi Jinping first put forward (CIIE), China has deepened its ties releasing the Belt and Road Country the Belt and Road Initiative (BRI). The with partners about the globe in Investment Index Report series Initiative has transformed from a trade and economic development. to provide a rigorous framework strategic vision into practical action President Xi Jinping has reiterated at for evaluating the attractiveness during these remarkable five years. these events that countries should of investing in each BRI country. enhance cooperation to jointly build Based on extensive data collection There have been an increasing a community of common destiny and in-depth analysis, we evaluated number of participating countries for all mankind , and the Belt and BRI countries' (including key and expanding global cooperation Road Initiative is critical to realizing African nations) macroeconomic under the BRI framework, along with this grand vision. It will take joint attractiveness and risks, and identified China's growing global influence. By efforts and mutual understanding to key industries with high growth the end of 2018, China had signed overcome the challenges ahead. potential, to help Chinese enterprises BRI cooperation agreements with better understand each jurisdiction's 122 countries and 29 international Chinese investors face risks in the investment environment. organizations. According to the Big BRI countries, most of which are Data Report of the Belt and Road developing nations with relatively The Belt and Road Country (2018) published by the National underdeveloped transportation and Investment Index Report 2017 Information Center, public opinion telecommunication infrastructures. -
Annual Reportreport
(Incorporated in the Cayman Islands with limited liability) Stock Code: 691 20092009 AnnualAnnual ReportReport Annual Report 2009Annual Report 2009 Headquarter: Sunnsy Industrial Park, Gushan Town, Changqing District, Jinan, Shandong, China Hong Kong Office: Room 2609, 26/F, Tower 2, Lippo Centre, 89 Queensway, Admiralty, Hong Kong Contents DEFINITIONS 2 I COMPANY PROFILE 3 II CORPORATE INFORMATION 6 III FINANCIAL DATA SUMMARY 14 IV CHANGES IN SHARE CAPITAL AND SHAREHOLDINGS OF SUBSTANTIAL SHAREHOLDERS AND THE DIRECTORS 15 V BASIC INFORMATION ON DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES 22 VI REPORT ON CORPORATE GOVERNANCE 30 VII MANAGEMENT DISCUSSION AND ANALYSIS 38 VIII REPORT OF THE DIRECTORS 51 IX SIGNIFICANT EVENTS 59 X INDEPENDENT AUDITOR’S REPORT 61 XI FINANCIAL STATEMENTS 63 China Shanshui Cement Group Limited • Annual Report 2009 1 Definitions In this annual report, unless the context otherwise requires, the following words and expressions have the following meanings: “Company” or “Shanshui Cement” China Shanshui Cement Group Limited “Group” or “Shanshui Group” the Company and its subsidiaries “Reporting Period” 1 January 2009 to 31 December 2009 “Directors” Directors of the Company “Board” Board of Directors of the Company “Stock Exchange” The Stock Exchange of Hong Kong Limited “Listing Rules of the Stock Exchange” the Rules Governing the Listing of Securities on the Stock Exchange “SFO” Securities and Futures Ordinance (Cap. 571) (as amended, supplemented or otherwise modified from time to time) “Hong Kong” Hong Kong Special -
RESPONSIBLE BUSINESS in AFRICA | Chinese Business Leaders’ Perspectives on Performance and Enhancement Opportunities 3 Table of Contents
RESPONSIBLE BUSINESS IN AFRICA CHINESE BUSINESS LEADERS’ PERSPECTIVES ON PERFORMANCE AND ENHANCEMENT OPPORTUNITIES Chen Xiaohong, Li Zhaoxi, Jia Tao, Li Guoqiang, Zhou Yan – Enterprise Research Institute, Development Research Centre of the State Council of P.R. China Simon Zadek, Kelly Yu, Maya Forstater, Guy Morgan – AccountAbility November 2009 AUTHORS Related AccountAbility publications Advancing Sustainable Competitiveness of China’s Transnational Corporations, 2009 AccountAbility, IISD, and DRC Governing Collaboration: Making Partnerships Accountable for Delivering Development, 2008 AccountAbility The State of Responsible Competitiveness 2007: Making Sustainable Development Count in Global Markets, 2007 • AccountAbility in association with Fundação Dom Cabral • Spanish version in association with Reporte Social • Chinese version in association with WTO Tribune Investing in Standards for Sustainable Development: The Role of International Development Agencies in Supporting Collaborative Standards Initiatives, 2007 AccountAbility Development as Accountability: Accountability Innovators in Action, 2007 AccountAbility Available to download from www.accountability21.net Authors Simon Zadek Chen Xiaohong Managing Partner, Senior Research Fellow and AccountAbility Director, Enterprise Research [email protected] Institute (ERI), Development Research Center (DRC) of the State Council, P.R.China. Kelly Yu [email protected] Senior Principal, AccountAbility Li Zhaoxi [email protected] Senior Research Fellow, former Deputy Director Enterprise Research Institute Maya Forstater (ERI), Development Research Senior Associate Partner, Center (DRC) of the State AccountAbility Council, P.R.China. [email protected] [email protected] Li Guoqiang Jia Tao Senior Research Fellow, Assistant researcher, Enterprise Research Institute Enterprise Research Institute (ERI), Development Research (ERI), Development Research Center (DRC) of the State Center (DRC) of the State Council, P.R.China. Council, P.R.China. -
The Program of CHINA MINING 2017
The Program of CHINA MINING 2017 Friday, Sept.22nd, 2017 PM Inaugural Meeting of China Mining International Productivity Cooperation Enterprises Alliance (Banquet Hall, 4th Fl, Crown Plaza Hotel, Tianjin Meijiang Center) Hosted by: China Mining Association Chair: Yu Qinghe, Vice President & Secretary-General , China Mining Association 15:30-16:00 Preliminary Meeting: • Discuss Proposal of “China Mining International Productivity Cooperation Enterprises Alliance” (Draft) • Discuss Regulations of “China Mining International Productivity Cooperation Enterprises Alliance” (Draft) • Discuss Candidate for President, Vice Presidents and Secretary-General of the first Council • Participants: Representatives of Founders and Members of the Alliance Inaugural Meeting: • Announce Approval Document of National Development and Reform Commission • Speech by Leader from MLR 16:00-17:00 • Speech by Leader from International Cooperation Center of National Development and Reform Commission • Speech by Founder Representative--China Minmetals • Address by New Elected President of the Council • Inauguration Ceremony(Leaders from MLR, NDRC, Departments of MLR, China Mining Association) 17:30-20:00 "Night of BOC" (No.6 Building, Tianjin Guest House) (Invitation ONLY) Mining Cooperation Communication Cocktail Party of CHINA MINING 2017(Hosted by China Mining Association)(Banquet Hall, 4th Fl, Crown Plaza Hotel, 17:30-21:00 Tianjin Meijiang Center) 1/9 Saturday, Sept.23rd, 2017 AM 08:30-09:00 Doors open to the delegates Opening Ceremony of CHINA MINING Congress and Expo 2017 (Rm. Conference Hall N7, 1st Fl.) Chair: The Hon. Cao Weixing, Deputy Minister, Ministry of Land and Resources, PRC 09:00-9:50 • The Hon. Jiang Daming, Minister of Land and Resources, PRC • The Hon. Wang Dongfeng, Mayor of Tianjin, PRC • H.E. -
Environmental Impacts of China Outward Foreign Direct Investment
GEORGE BUSH SCHOOL OF GOVERNMENT AND PUBLIC SERVICE Environmental Impacts of China Outward Foreign Direct Investment Case Studies in Latin America, Mongolia, Myanmar, and Zambia Nour Al-Aameri, Lingxiao Fu, Nicole Garcia, Ryan Mak, Caitlin McGill, Amanda Reynolds, Lucas Vinze Advisor: Dr. Ren Mu Capstone Project for The Nature Conservancy 2012 1 Table of Contents Executive Summary ............................................................................................................................ 2 Country Report .................................................................................................................................. 6 Part I: China Overview………………………………………………………………………………………………………………………..8 Part 2: South America ........................................................................................................................... 29 Part 3: Mongolia……………………………………………………………………………………………………………………………….41 Part 4: Myanmar…………………………………………………………………………………………………………………………….…50 Part 5: Zambia……………………………………………………………………………………………………………………………………68 Policy Recommendations ................................................................................................................ 85 Part I: Environmental Regulation and FDI Debate…………………………………………………..………………………….86 Part II: Case Study Comparisons of OFDI Environmental Legislation and Challenges…………………………87 Part III: NGO Literature Review…………………………………………………………………………………………………………90 Part IV: Recommendations……………………………………………………………………………………………………………….92 2 Executive Summary China’s -
Sino-Venezuelan Relations: Beyond Oil
Issues & Studies© 44, no. 3 (September 2008): 99-147. Sino-Venezuelan Relations: Beyond Oil JOSEPH Y. S. CHENG AND HUANGAO SHI Sino-Venezuelan relations have witnessed an unprecedented inti- macy since the beginning of Hugo Chávez's presidency in 1999. While scholars hold divergent views on the possible implications of the suddenly improved bilateral relationship, they have reached a basic consensus that oil has been the driving force. This article explores the underlying dy- namics of this relationship from the Chinese perspective. It argues that oil interest actually plays a rather limited role and will continue to remain an insignificant variable in Sino-Venezuelan ties in the foreseeable future. Despite the apparent closeness of the ties in recent years, the foundation forcontinued improvement in the future seems farfromsolid. Sino-Venezue- lan relations have caused serious concerns in the United States, which, for centuries, have seen Latin America as its sphere of influence. Although the neo-conservatives are worried about the deviant Chávez administration and a rising China, the chance of any direct U.S. intervention remains slim. Nevertheless, the China-U.S.-Venezuelan triangular relationship poses a JOSEPH Y. S. CHENG (鄭宇碩) is chair professor of political science and coordinator of the Contemporary China Research Project, City University of Hong Kong. He is the founding editor of the Hong Kong Journal of Social Sciences and The Journal of Comparative Asian Development. He has published widely on political development in China and Hong Kong, Chinese foreign policy, and local government in southern China. His e-mail address is <[email protected]>. -
The China Analyst 中国分析家 a Knowledge Tool by the Beijing Axis for Executives with a China Agenda March 2011
The China Analyst 中国分析家 A knowledge tool by The Beijing Axis for executives with a China agenda March 2011 Doing Business in a Fast Changing China Features China in 2030: Outlines of a Chinese Future 6 China’s Construction Industry: Strategic Options for Foreign Players 9 Gearing Up: Engaging China’s Globalising Machinery Industry 12 Clean Coal: China’s Coming Revolution 15 Regulars China Sourcing Strategy 26 China Capital: Inbound/Outbound FDI & Financial Markets 30 Strategy: China Shenhua 34 Regional Focus: China-Africa 39 Regional Focus: China-Australia 44 Regional Focus: China-Latin America 48 Regional Focus: China-Russia 52 The Westward Shift of Growth in China* Five Largest Provincial GDP, USD, Q3 2010 Five Fastest Growing Provincial GDP, % y-o-y, Q3 2010 Guangdong - USD 473.6 bn Tianjin - 17.9% Jiangsu - USD 440.7 bn Hainan - 17.6% Shandong - USD 424.3 bn Chongqing - 17.1% Zhejiang - USD 281.7 bn Shanxi - 15.7% Henan - USD 254.3 bn Ningxia - 15.5% Five Highest Provincial Five Fastest Growing Provincial Average Urban Wages, USD, Q3 20101 Average Urban Wages, % y-o-y, Q3 20102 Beijing - USD 6,845 Shanghai - USD 6,777 Tibet - USD 5,287 Tianjin - USD 5,021 Guangdong - USD 4,281 Hainan - 20.6% Ningxia - 19.6% Xinjiang - 19.4% Gansu - 16.7% Sichuan - 16.0% Five Highest Provincial Total Profits of Five Fastest Growing Provincial Total Profits Industrial Enterprises, USD, Jan-Nov 2010 of Industrial Enterprises, % y-o-y, Jan-Nov 2010 Shandong - USD 81.1 bn Shanxi - 124.6% Jiangsu - USD 71.1 bn -
2016 Top 250 International Contractors – Subsidiaries by Rank Rank Company Subsidiary Rank Company Subsidiary
Overview p. 38 // International Market Analysis p. 38 // Past Decade’s International Contracting Revenue p. 38 // International Region Analysis p. 39 // 2015 Revenue Breakdown p. 39 // 2015 New Contracts p. 39 // Domestic Staff Hiring p. 39 // International Staff Hiring p. 39 // Profit-Lossp. 40 // 2015 Backlog p. 40 // Top 10 by Region p. 40 // Top 10 by Market p. 41 // Top 20 Non-U.S. International Construction/Program Managers p. 42 // Top 20 Non-U.S. Global Construction/Program Managers p. 42 // VINCI Builds a War Memorial p. 43 // How Contractors Shared the 2015 Market p. 44 // How To Read the Tables p. 44 // Top 250 International Contractors List p. 45 // International Contractors Index p. 50 // Top 250 Global Contractors List p. 53 // Global Contractors Index p. 58 THE FALCON EMERGES Turkey’s Polimeks is building the NUMBER 40 $2.3-billion Ashgabot International Airport in Turkmenistan. The terminal shape is based on a raptor species. PHOTO COURTESY OF POLIMAEKS INSAATTAAHUT VE SAN TIC. AS TIC. VE SAN OF POLIMAEKS INSAATTAAHUT PHOTO COURTESY International Contractors Seeking Stable Markets Political and economic uncertainty in several regions have global firms looking for markets that are reliable and safe By Peter Reina and Gary J. Tulacz enr.com August 22/29, 2016 ENR 37 0829_Top250_Cover_1.indd 37 8/22/16 3:52 PM THE TOP 250 INTERNATIONAL CONTRACTORS 27.9% Transportation $139,563.9 22.9% Petroleum 21.4% Int’l Market Analysis $114,383.2 Buildings $106,839.6 (Measured $ millions) 10.8% Power $54,134.5 6.0% Other 2.2% 4.1% $29,805.5 0.8% Manufacturing Industrial Telecom $10,808.9 $20,615.7 $ 4,050.5 2.8% 0.2% 1.0% Water Hazardous Sewer/Waste $13,876.8 Waste $4,956.0 $1,210.5 SOURCE: ENR DATA. -
China Minmetals
PROJECT REPORT THE CORPORATE RESPONSIBILITY TO RESPECT HUMAN RIGHTS IN CHINA AND GLOBALLY A case-based learning project involving business leaders from Chinese state-owned enterprises and multi-national corporations from diverse geographies PROJECT PARTNERS Peking University International Law Institute Beijing Rong Zhi Corporate Responsibility Institute Tracktwo Global Business Initiative on Human Rights CONTACT DETAILS Professor Liang Xiaohui Peking University International Law Institute [email protected] http://en.law.pku.edu.cn/ Dr Wang Xiaoguang, Director Beijing Rong Zhi Corporate Responsibility Institute [email protected] http://www.rzcsri.org Malin Oud, Founder and Managing Director Tracktwo [email protected] www.tracktwo.se Katryn Wright, Programme Director Global Business Initiative on Human Rights [email protected] www.global-business-initiative.org © Report Copyrighted by Creative Commons http://creativecommons.org/licenses/by-nc-nd/3.0 August 2014 2 Acknowledgements The project partners and conveners would like to acknowledge the contributions from the following organisations and individuals. Their contributions to this project do not imply endorsement of this report, the substance of the project or the learning cases. The views expressed in this report are solely those of the project partners. The project partners are grateful to the companies that have participated in this project: BASF; China Minmetals; China Ocean Shipping Company (COSCO); CPI Yunnan International Power Investment Company; Flextronics; General Electric; HP; Shell; Sinosteel; and The Coca-Cola Company. The companies participating in this project have demonstrated a welcome level of openness within safe-space discussions and in the inclusion of their learning cases in this publication. -
Annual Report Chairman’S Statement
2 Corporate Profile 3 Performance Highlights 4 Chairman’s Statement 9 Business Overview Contents 19 Management’s Discussion and Analysis 37 Report of the Board of Directors 49 Report of the Supervisory Committee 53 Report on Corporate Governance Practices 59 Profile of Directors, Supervisors and Senior Management 65 Investor Relations 67 Independent Auditor’s Report 69 Consolidated Balance Sheet 71 Balance Sheet 73 Consolidated Income Statement 74 Consolidated Statement of Comprehensive Income 75 Consolidated Statement of Changes in Equity 77 Consolidated Cash Flow Statement 78 Notes to the Consolidated Financial Statements 189 Terms & Glossaries 191 Corporate Information 2 Corporate Profile 3 Performance Highlights 4 Chairman’s Statement 9 Business Overview Contents 19 Management’s Discussion and Analysis 37 Report of the Board of Directors 49 Report of the Supervisory Committee 53 Report on Corporate Governance Practices 59 Profile of Directors, Supervisors and Senior Management 65 Investor Relations 67 Independent Auditor’s Report 69 Consolidated Balance Sheet 71 Balance Sheet 73 Consolidated Income Statement 74 Consolidated Statement of Comprehensive Income 75 Consolidated Statement of Changes in Equity 77 Consolidated Cash Flow Statement 78 Notes to the Consolidated Financial Statements 189 Terms & Glossaries 191 Corporate Information Corporate Profile China Communications Construction Company Limited (“CCCC” or the “Company”), initiated and founded by China Communications Construction Group (Limited) (“CCCG”, a state-owned enterprise under the SASAC), was incorporated on 8 October 2006. Its H shares were listed on the Main Board of the Hong Kong Stock Exchange with stock code of 1800.HK on 15 December 2006. It is the first large state-owned transportation infrastructure group entering the overseas capital market. -
China Weigao Reducer Success Case (Large Enterprise Version) Serial Company Name Serial Company Name
China Weigao reducer success case (large enterprise version) serial Company Name serial Company Name 1 Shanghai Automobile Group Co., Ltd. 231 Chongqing Textile Holding (Group) Company 2 Dongfeng Motor Corporation 232 Aoyang Group Co., Ltd. 3 Huawei Investment Holdings Co., Ltd. 233 Guangxi Shenglong Metallurgy Co., Ltd. 4 China Ordnance Equipment Group Corporation 234 Lingyuan Iron and Steel Group Co., Ltd. 5 China Minmetals Corporation 235 Futong Group Co., Ltd. 6 China FAW Group Corporation 236 Yongfeng Group Co., Ltd. 7 China Ordnance Industry Corporation 237 Shandong Taishan Iron and Steel Group Co., Ltd. 8 Beijing Automobile Group Co., Ltd. 238 Xinjiang Zhongtai (Group) Co., Ltd. 9 Shandong Weiqiao Venture Group Co., Ltd. 239 Guangdong Haida Group Co., Ltd. 10 China Aviation Industry Corporation 240 Jiangsu Yangzijiang Shipbuilding Group Corporation 11 Zhengwei International Group Co., Ltd. 241 Shenzhen Oufeiguang Technology Co., Ltd. 12 China Baowu Iron and Steel Group Co., Ltd. 242 Dongchen Holding Group Co., Ltd. 13 Lenovo Holdings Co., Ltd. 243 Xinjiang Goldwind Technology Co., Ltd. 14 China National Chemical Corporation 244 Wanji Holding Group Co., Ltd. 15 Hegang Group Co., Ltd. 245 Tsingtao Brewery Co., Ltd. 16 China Shipbuilding Industry Corporation 246 Tasly Holding Group Co., Ltd. 17 Guangzhou Automobile Industry Group Co., Ltd. 247 Wanfeng Auto Holding Group Co., Ltd. 18 Aluminum Corporation of China 248 Wuhan Institute of Posts and Telecommunications 19 China National Building Material Group Co., Ltd. 249 Red Lion Holdings Group Co., Ltd. 20 Hengli Group Co., Ltd. 250 Xinjiang Tianye (Group) Co., Ltd. 21 CRRC Corporation Limited 251 Juhua Group Company 22 Xinxing Jihua Group Co., Ltd.