Sichuan Economy and Trade Trends

Monthly, July 2016

Published by CCPIT Sichuan Council

Contents

Macro Economy

Sichuan Industrial Investment Increased by 10.5% in the First Five Months

In the first five months, all enterprises in Sichuan achieved an industrial investment of RMB 316.8 billion with a year-on-year growth of 10.5%, 5.1% higher than the growth rate of the national data. The investment for technical transformation of the whole province reached RMB 229.1 billion, with a year-on-year growth of 14.4%, 7.6% higher than previous year. Both of these two indicators are continuously rising at a double-digit rate.

In accordance with the regional distribution, investments made in key regions are growing fast. In the first five months, 12 cities and prefectures made a total industrial investment of RMB 10 billion, accounting for nearly 80% of the gross value of Sichuan Province. Chengdu played an important role, contributing 5.81% growth to the industrial investment of the whole province. Many major projects like BOE and Citroen made great and fast contributions. Across Sichuan Province, nine cities and prefectures achieved investment on technical transformation of over RMB 10 billion and they are continuing to grow. Among them are the three cities of Chengdu, Meishan and Deyang, which are rising at a rate of more than 30%, contributing 9.15%, 1.88% and 1.93% growth to the technical transformation investment of the whole province respectively.

Newly-commenced projects contributed enormously to Sichuan Provincial industrial investment. The number of newly-commenced projects throughout Sichuan Province rose in the first five months with a year-on-year growth of 47.1%, 11.2% higher than the same period last year. The number of new technical transformation projects reached 2,880 with a year-on-year growth of 58.4%. (June 27^th, Sichuan Daily/Dong Shimei)

Chengdu E-Commerce Turnover Increased by 23% in the First Half Year

In the first half of the year, the e-commerce turnover of Chengdu was up to RMB 468.051 billion (excluding bulk commodity turnover), with a year-on-year growth of 23%. The trading volume of B2B was RMB 395.363 billion, and online retail sales reached RMB 72.688 billion, with a year-on-year growth of 32.55%.

According to the 2016 Annual Working Plan of Chengdu on E-Commerce Business, Chengdu aims to achieve the following goals: an e-commerce turnover of over RMB 750 billion; online retail sales of over RMB 150 billion; a mobile e-commerce turnover of over RMB 100 billion; and an e-commerce application rate attaining 80%. In order to realize these objectives, Chengdu is building a long-lasting innovative incubation mechanism, constantly carrying out e-commerce innovation and entrepreneurship demonstration assessment activities, and trying to developing 100 innovative companies and 300 entrepreneurial enterprises (teams). (July 22^nd, Sichuan Daily/Shao Mingliang and Zhang Yuxi).

Foreign Trade

Attract High-Level Chinese Talents Abroad Back for Start-up Business

MIT-CHIEF Western China Cooperation Base Unveiled in Chengdu

The MIT-CHIEF Western China Cooperation Base jointly built by the MIT-China Innovation and Entrepreneurship Forum and the Association of Chengdu Talent Development Promotion was unveiled in Chengdu on June 25^th. By establishing communication and cooperation platforms, more talent from all around the world will come to Chengdu for start-up business.

The MIT-China Innovation and Entrepreneurship Forum started to conduct the “Entrepreneurship Project China Tour” activities since 2013. It leads North American scientific entrepreneurship groups to make circuit road shows in Chinese first- and second-tier cities every year to help them cooperate with companies in industrial parks, seek partners and solve financing problems.

The Forum made its debut at the series of activities held by the 2016 China (Chengdu) Global Innovation and Entrepreneurship Fair. In addition to jointly build the Western China Cooperation Base with the Association of Chengdu Talent Development Promotion, the Forum also brought 15 excellent entrepreneur teams, who won the highest prize in different competitions and passed repeated selections in America. Among them, five groups made road shows at the meeting venue.

The same day, the Association of Chengdu Talent Development Promotion formed a friendship association with the WRSA Entrepreneurship Alliance. (June 26^th, Sichuan Daily/Chen Bihong)

Mianyang Cross-Border E-Commerce Customs Clearance Platform Officially Operated

The Visa Application Center for the Netherlands in Chengdu was officially opened on May 30^th. Chengdu citizens can obtain a visa to the Netherlands on their doorstep within 48 hours.

The Netherlands Visa Application Center, at Room 2012, Building B, Times Plaza, No. 2 Zongfu Road, Jinjiang District, Chengdu, is now open for applications for business visas, tourist visas and visas for family visits. Citizens can get a visa for a short stay of 90 days within 48 hours, and the application fee is only EUR 84.

The Center will provide more high-quality and special services, such as temporary appointments, dealing with Schengen Visa application problems through phone calls to the Call Center, and handling visa application status inquiries via the Internet or messages. In addition, the new Application Center will also record the biometric data of the applicants and submit visa applications according to Schengen provisions.

Sichuan has had frequent economic and trade cooperation with the Netherlands in recent years. The total volume reached USD 3 billion in 2015.

Apart from Chengdu, the Netherlands will also open visa application centers in Hangzhou and Shenzhen in the near future. Visa centers in Fuzhou, Jinan, Nanjing and Shenyang have been opened in succession in spring this year, while those in Changsha, Kunming, Wuhan and Xi'an will be open in autumn. (July 1^st, Sichuan Daily/Zeng Xiaoqing and Zu Mingyuan)

The First Non-Stop Air Route from Chengdu to Prague Will Open on August 12^th

The Chengdu-Prague air route opened this February will be reset for regular non-stop flights from August 12^th. The flights will depart every Tuesday and Friday, and it will take about ten hours to fly from Chengdu to Prague. This is the first non-stop China-Europe air line in Western China, and the second European air line opened by Sichuan Airlines after the Chengdu-Moscow air line.

The non-stop flight from Chengdu to Prague will be more convenient than transferring in Amsterdam, Frankfurt and other European cities. At least three hours will be saved during the whole journey and passengers will be free from a series of complicated and troublesome transfer formalities. According to the relevant personnel from the Marketing Department of Sichuan Airlines, many other flights from Chengdu to Western China and all parts of the country can also take this route. In virtue of the 72-hour transit visa-free policy, Chengdu, known as the “Fourth Aviation City”, attracted more passengers coming to transfer to international flights.

The Czech Republic, in central Europe, can complement with many regions in the west part of China. Many Chinese investors treat the Czech Republic as their first choice for investment. The production base of Sichuan Changhong has become the largest manufacturing project of Sichuan in the Czech Republic. The non-stop Chengdu-Prague air line will link Western China to Central and Eastern Europe, and will be conducive to the implementation of the “the Belt and Road” initiative. (July 8^th, Sichuan Daily/Cai Chao and Wang Meiling)

Italian Helicopter Production Base Set in Zigong

The signing ceremony of an Italian helicopter production base project was held in Zigong on July 5^th. The project was jointly invested by Italian SKT and Sichuan Yufeng Corporation with a total amount of RMB 1 billion.

The first phase of the project achieved an annual production of 180 helicopters, and this rose to 350 after the second phase was completed. SKT promised to introduce relevant technology to China for the production of gasoline, diesel and diesel-electric engines, and other spare parts of airplanes within 3 years after signing the contract.

The project will commence this September and has many major facilities including 800m to 1000m long runways, a production and assembly shop, an airport apron, a helicopter exhibition hall, a helicopter hangar, an aerial parts store, special ground equipment, and communication and navigation devices. It is expected that the first “Made in Zigong” helicopter will have its first trial flight in October 2017. (July 10^th, Sichuan Daily/Yang Guoqing and Huang Zejun)

Key Projects

Sichuan Province Plans to Put RMB 200 Billion on Railway Construction in the Next Five Years

By 2020, 13 Railways Running in and Out of Sichuan will be Built

According to the “13^th Five-Year Plan”, an investment of over RMB 200 billion is planned to be made on Sichuan railway construction. By the year 2020, there will be 13 railways going in and out of Sichuan Province.

Presently, 17 projects, including Xi’an-Chengdu, Chengdu-Guiyang, and Chengdu-Kunming high-speed railways, are under construction. According to the plan, 18 projects, including Chengdu-Beijing, Chengdu-Kunming, Xining-Chengdu, Mianyang-Suining-Neijiang, Hanzhong-Bazhong-Nanchong, Sichuan-Tibet, and Panzhihua-Dali railways, will be started in succession. By 2020, the railway running mileage across the province will reach over 6,000 km, and the high-speed railway running mileage will be over 2,100 km. An 8-hour economic circle taking Chengdu as the center to Beijing, Tianjin and Hebei, Yangtze River Delta, Pearl River Delta and other key economic zones will be built. At maximum of 1 to 4 hours will be needed for travel from Chengdu to provincial capitals nearby. The huge railway network will cover 21 cities and prefectures as well as more than 85% county-level cities in Sichuan.

Pre-feasibility studies on the Chengdu-Dazhou Section of the Chengdu-Beijing High-Speed Railway and the Chengdu-Zigong Section of the Chengdu-Kunming High-Speed Railway have been completed. The Chengdu-Beijing High-Speed Railway starting from Chengdu and passing through Nanchong and Dazhou, goes into Chongqing, combines with Chongqing-Wanzhou and Zhengzhou-Wanzhou High-Speed Railways, and ends in the Beijing-Tianjin-Hebei Economic Area. The Chengdu-Kunming High-Speed Railway, starting from Chengdu, passes through Tianfu International Airport, combines with Chuannan High-Speed Railway in Zigong, and connects to the Chongqing-Kunming High-Speed Railway in Yibin. The two high-speed railways will become two major channels in and out of Sichuan, improving the traffic efficiency from Sichuan to the East, North and South, and helping the Sichuan railway network switch to the national high-speed railway network as soon as possible. (June 28^th, Sichuan Daily/Wang Meiling)

Industries

Western Modern Service Industry Research institute Established in Luzhou

The Western Modern Service Industry Research Institute was established in Jiangyang District, Luzhou City, on June 30^th. Jointly established by the government, enterprises, schools, and institutes, the Research Institute is a non-profit organization. Based on an enterprise operating mechanism, it is a comprehensive organization with the functions of conducting scientific research, and providing high-quality management and services.

 The Western Modern Service Industry Research Institute cooperated with governmental competent departments, non-government organizations, companies and experts to study the development of the modern service industry of Western China. This was on dependent on the scientific research, consulting and training resources of Sichuan Provincial Production Service Association and Academy of Macroeconomic Research of Sichuan University. This laid solid foundation for the establishment of Western Sichuan modern service industry highlands and the “three centers” (including Western Logistics Center, Western Trading Center and Western Financial Center). With the long-term objective of building a regional modern service industry development think tank which is located in Luzhou and services the entire western region based on rich resources in Sichuan Province, the Research Institute will also establish a talent cultivation base to attract foreign and domestic investors. (July 1^st, Sichuan Daily/Jiang Caixuan and Luo Zhiyang)

The Chengdu Center for National Carbon Market Capacity Building Approved to be Established

The Chengdu Center for National Carbon Market Capacity Building (hereinafter referred to as “Chengdu Center”) received official approval from the National Development and Reform Commission. The Chengdu Center is the 7^th of its kind built in China after Shenzhen, Beijing, Shanghai, Guangdong, Hubei and Chongqing, and the first established outside of the national non-carbon emission permit trading experimental area.

According to the official reply from the National Development and Reform Commission, the Chengdu Center will be jointly established by Sichuan University; Sichuan Provincial Economic Information Center; Chengdu Branch; Chinese Academy of Sciences; Sichuan Academy of Social Sciences; Sichuan Provincial Research Center for Science and Technology Promotion and Development; Chengdu Branch Center of China Quality Certification Center; and Chengdu Branch Center of SinoCarbon Innovation and Investment Co., Ltd., under the guidance of Sichuan United Environment Exchange.

After receiving approval, the Chengdu Center will give training to relevant parties, including carbon emission permit trading administrative departments, emission control companies, third parties, and industrial associations to ensure the smooth operation of carbon market construction and other related works. According to the relevant personnel from the Sichuan Development and Reform Commission, the existing training venue in the Chengdu Center can receive 1,200 people. The Western Environment Trading Center is expected to be put into service in 2018. At that time, the Chengdu Center will give training for over 10 thousand employees each year to provide professional teams and guaranteed technologies for establishment of the Western Carbon Trading Center of Sichuan. (July 10^th, Sichuan Daily/Wang Chengdong and Liang Xianrui)

The China Smart City Big Data Innovation Alliance Unveiled in Chengdu

The China Smart City Big Data Innovation Alliance was unveiled in Chengdu Hi-Tech Zone on July 15^th. The Alliance will establish a platform for collaborative innovation of relevant enterprises and organizations; market cooperation and talent cultivation to promote the creative effects of the big data in a smart city establishment; standardize and lead the standardization and technical development of domestic smart city big data; and boost the industrialized application of big data technology.

 The Alliance, a body for collaborative innovation and technology promotion, has cooperated with many famous agencies and companies, including the Institute of Computing Technology Chinese Academy of Sciences, the University of Southern California, Huawei, and Digital China. This was structured by smart city-related big data companies, research institutions, and non-government associations. (July 16^th, Sichuan Daily/Zhang Lan)

The China (Western) Tyre Resources Recycling Industrial Park set up in Yanting

The (Western) China Tyre Resources Recycling Industrial Park was established in Yanting a few days ago, with a total investment of RMB 2.3 billion.

Covering a total area of 1350 mu (900,000 m²), the Industrial Park can process 400,000 tons of tyres yearly. Its businesses mainly include rubber powder, reclaimed rubber and tyre manufacturing, abandoned tyre recycling, rubber production, packaging and logistics, technical research, and development, as well as tests and inspections. The first phase of the Industrial Park, with an area of 421 mu (280,667 m²), has been established presently. Ten companies have set their branch offices within this area. It can process 200,000 tons of abandoned tyres each year and achieve an annual output value of RMB 1 billion.

For the second phase of the Industrial Park, a comprehensive industrial chain will be formed. This will be integrated with rubber asphalt and rubber production, building waterproofing, auto tyre resources comprehensive utilization, technology research and development, and complete equipment export. (July 18^th, Sichuan Daily/Yuan Jihong and Zu Mingyuan)

The World’s Second Largest Hard Disc Magnetic Head Manufacturer Will Set up Base in Chengdu

Metering System Research and Development Base of Shenzhen Kaifa Technology Co. Ltd. went into operation in Chengdu Hi-Tech Zone on July 20^th. With a total investment of about RMB 500 million, the Base will mainly provide services involving smart grid system software, big data and smart water, electricity, and gas meter research and development, as well as relevant products manufacturing. Its products will be exported to European countries and the overseas market.

Shenzhen Kaifa Technology Co. Ltd. is the most important company in the China Electronics Corporation (CEC), and the second largest professional hard disc magnetic head manufacturer in the world. The company signed an investment cooperation agreement with the Chengdu Hi-Tech Zone in February and decided to establish a metering system research and development base in Chengdu. According to the estimation, the designed daily electricity meter production capacity will be up to more than 10,000 in the initial stages. (July 21^st, Sichuan Daily/Zhang Lan)

Convention & Exhibition Economy

The 2016 China (Chengdu) Global Innovation and Entrepreneurship Fair Ended

The 2016 China (Chengdu) Global Innovation and Entrepreneurship Fair (hereinafter referred to as the 2016 Chengdu GIEF) ended on June 26^th. The fair, lasting 3 days, contributed to 3,000 project transactions, and achieved an estimated trading volume of over RMB 16 billion, creating a new high record.

Compared with the first Global Innovation and Entrepreneurship Fair held in Chengdu in 2015, the 2016 Chengdu GIEF was much grander, more internationalized, and standardized.

During this period, 12 forums were carried out and achieved plenteous intangible results. Three Nobel Prize winners, ten academicians of the Chinese Academy of Sciences and the Chinese Academy of Engineering, more than 20 presidents of well-known domestic and overseas colleges and universities, over 30 mayors of the world's innovation and entrepreneurship cities, and more than 300 global business elites, entrepreneurship and investment agencies, founders of incubation carriers, and representatives of innovation and entrepreneurship organizations attended the Fair. They not only brought about the latest information on molecular biology and cytology, new generation IT gravitational waves, and leading technologies, but also shared successful experience about urban transformation and industrial upgrading. The SVIEF (Silicon Valley Innovation & Entrepreneurship Forum), the largest hi-tech grand gathering in Silicon Valley, left its home for the first time and came to Chengdu.

At the Fair, visitors saw a variety of hi-tech products they had never seen before, like capsule trains, Bluetooth router, and S-shaped robots. Three trading activities related to technical achievements, equity investment, and talents trading were conducted at that time. Over 240 scientific and technical companies, colleges and universities, and technology transfer offices from all over the world came to the Fair with their electronic information, biological medicines, and intelligent manufacturing results. More than 1,500 scientific and technological achievements were released and traded on site. More than 600 equity investment institutions and company representatives gathered together. Chengdu Qianhai Industrial Investment Fund, the first government investment fund in Chengdu, was established at that moment. About RMB 40 billion was invested for the first phase of establishing. In terms of talent trading, over 70 famous head-hunting companies from home and abroad attended the talents trade meeting, including HRoot, CIIC, SAP and BRecruit, the Global 500 enterprises, local top-ranking companies and research teams, as well as colleges and universities. At the meeting, over 7,300 people received consultation services on site, and more than 2,000 received a consultation online. (June 27^th, Sichuan Daily/Zhang Minghai)

The 3^rd China International Logistics Development Conference will be Held in Suining

The press conference for the 3^rd China International Logistics Development Conference and the 4^th China (Sichuan) International Logistics Exposition was held in Beijing for the first time on July 13^th. According to the statement, the Logistics Development Conference will be conducted in Suining between October 30^th and November 1^st.

With the theme of “interconnection and win-win cooperation”, major activities will be held at the appointed time, including the Logistics Industry Supply-Side Structural Reform Summit, six special activities including the Western China Logistics Purchasers Meeting, and the Logistics Finance Innovation Development Meeting, as well as two supporting activities. Domestic and overseas logistics exports and leading companies’ representatives will gather together at the 3^rd China International Logistics Development Meeting to share their opinions on modern logistics, strategic development opportunities, and directions. In-depth discussions on improving resources allocation efficiency and strengthening the effectiveness of logistics supply will be held at the Logistics Industry Supply-Side Structural Reform Summit.

With a covering area of 15,000 m², the exhibition hall, set in Suining, will be divided into four exhibition areas themed by logistics equipment, smart logistics, logistics industrial parks, and logistics companies respectively. Through the real products and models on display and the experience platform, visitors can understand the latest information about domestic and overseas modern logistics industrial development, have a truly intuitive experience, and establish cooperative relationships with each other.

Serving as the gold node city between Chengdu and Chongqing, and an important secondary comprehensive transportation hub of Sichuan, the People’s Government of Suining will take the modern logistics industry as a breakthrough point for economic transformation and upgrade. Presently, Suining has over 230 logistics companies, including 16 provincial key logistics companies, over 100,000 employees, and has been titled as the “National Modern Logistics Demonstration City”, the “Chinese Logistics Demonstration Base”, and the “Provincial Modern Logistics Pilot Demonstration City”. (July 14^th, Sichuan Daily/Yuan Min)

The First Big Data Application Congress of China Kicked Off in Chengdu

The First Big Data Application Congress of China kicked off in Chengdu on July 14^th. More than 2,000 professional personnel and more than 6,000 registered audience members from the big data field and relevant sectors participated in the congress. Famous academicians E Weinan from the Chinese Academy of Sciences and Ni Guangnao from the Chinese Academy of Engineering were present.

Under the leadership of the Ministry of Industry and Information Technology of the P.R.China, the Sichuan Provincial People’s Government, and the Chengdu Municipal People’s Government, the Congress was jointly organized by the Chinese Big Data Expert Commission, China Electronics Corporation, the Chinese Institute of Electronics, and the Sichuan Provincial Economic and Information Commission. Within the two days, two main forums, 11 special forums, 86 lectures, and over 10 round-table meetings with the common theme of “big data and intelligent times” were carried out to discuss the deep integration of big data with other industries and fields, as well as the technical innovation and industrial development of big data. The Cover Media of Sichuan Daily Group undertook the Big Data and Media Connection Forum to specially study the great opportunity brought about by big data to enhance media connections.

Participants thought that policies provided guarantees, technologies offered bases, and application played an important role in big data industrial development. Application is not only the motive power for big data technical innovation and industrial development, but also the key point of manifesting the value of big data in economic development and social progress.

In order to build a big data center in Western China and the most powerful data city in China, Chengdu Municipal People’s Government is speeding up the construction of industrial cluster development zones, including the Tianfu Software Park. This relies on big data core technology and key products in the Hi-Tech Zone, the Big Data Industrial Park based on big data innovation and entrepreneurship in Jingrong Town, Pixian County, and the Chongzhou information Security (Big Data) Industry Demonstration Park centered on Smart Data Processing Center and big data security. In addition, the government is also enhancing its efforts to popularize the application of big data in the fields of intelligent transportation, urban management, food security, environmental protection, safe production, modern logistics, e-commerce, and deep integration of informatization and industrialization. (July 15^th, Sichuan Daily/Zhang Shoushuai)

The 2016 3^rd G20 Financial Ministers and Central Bank Governors Meeting Held in Chengdu

The 3^rd G20 Financial Ministers and Central Bank Governors Meeting was held in Chengdu from July 23^rd to 24^th 2016. Finance minister, Lou Jiwei, and president of the People’s Bank of China, Zhou Xiaochuan, hosted the meeting. Discussions were held at the meeting about the current global economic situation, the “framework of powerful, sustainable and balanced development”, international financial structure, investment and infrastructure, reform of finance departments, international taxation cooperation, green finance, climate funds, and anti-terrorism financing. The relevant main achievements have been reviewed and a communiqué of the meeting has been published for the 2016 G20 Hangzhou Summit.

A commitment was made at the meeting that further action should be taken to revive worldwide trade and boost investment.

Relevant experts thought that although the global economy is reviving, it is still fragile and downside risks still exist. The result of the UK’s EU Referendum added some uncertainty to the global economy. G20 members have been ready to cope with the potential economic and financial impacts brought about by the UK’s EU Referendum, and they hope Britain will remain a close partner of the EU. Some indicated that G20 was taking actions to enhance confidence and accelerate economic growth, and restated that they would use all political tools including currency, financial, and structural reform policy alone and together to achieve strong, sustainable, balanced, and inclusive growth. It was committed that currency policy will keep supporting economic activities and preserving price stability. In reference to the pivotal role of structural reform, someone also emphasized that finance strategy played an equally important role in achieving common growth. Policy measures that are fit for all countries, and may be taken as occasion requires, are still under research. In order to avoid competitive devaluations and a pegged exchange rate, and to resist all kinds of protectionism, close exchange and communication on the foreign exchange market will be maintained.

The G20 agenda for deepening structural reform was reviewed and approved at the meeting. The guiding principle for structural reform on the nine fields confirmed at the Conference of Washington in this April was set, and a monitoring and evaluation indicator system for structural reform passed the deliberation. G20 has made new progress in implementing the growth strategy and will finish the upgrade of this and the calling account before the 2016 G20 Hangzhou Summit. Relevant authorities will take further action to revive global trade and enhance investment efforts to relieve an excessive imbalance and to advocate inclusive growth when pursuing for economic growth.

More than 11 multilateral development banks made commitments, including setting quantitative objects in the Joint Vision Statement on Supporting Infrastructure Investment Action, announcing the establishment of the Global Infrastructure Interconnection Alliance, and accepting the Policy Guidelines on G20/OECD Infrastructure and SMEs Financing Tools Diversification. The G20/OECD Corporate Governance Principles and the Advanced Principles on G20/OECD SMEs Financing were allowed to be effectively implemented.

The IFA Working Group’s suggestion to further perfect the global financial structure was approved. Efforts to protect the IMF-based Global Financial Safety Net will be enhanced to embrace the upcoming joint drills of the Chiang Mai Initiative Multilateralization and IMF. The 15^th overall share inspection, including a new share formula, is expected to be finished by IMF before the 2017 Annual Meeting. The World Bank Group was supported in implementing the deliberation results in accordance with the route map and time schedule. Unceasing efforts will be made to include the strengthened contract terms in the sovereign bond. In order to discuss and solve a series of sovereign debt problems, the Paris Club was authorized to be the major international official bilateral debt restructuring platform and attract more newly-developing creditor countries. China was welcomed to participate in the Paris Club Meeting and encouraged to play a more constructive role. The identity problem of potential members will be put forward for further discussion. Analysis and monitoring of capital flow, as well as risk control on the undue fluctuation of capital flow, need to be improved. Research will be done to make the utmost use of the SDR.

It was indicated that the market unrest and uncertainty highlighted the significance of establishing an open and anti-risk financial system. The rest of the core work for setting up a regulatory framework will be done and it has been agreed that the financial reform will be implemented timely, comprehensively, and consistently. The on-going macro prudential framework and tool summarizing work conducted by international organizations got great support. The Advanced Principle for G20 Digital Inclusive Finance, the Updated Version of G20 Inclusive Financial Index System and the Implementation Framework for G20 SMEs Financing Action Plan were accepted. All relevant countries and areas under administration were encouraged to implement the BEPS and participate in the inclusive framework equally. The objective criterions on identifying tax transparency uncooperative areas under administration submitted by the OECD was approved. The importance of taxation policy that accelerates economic growth and taxation certainty has been realized. The OECD and IMF were asked to finish the related follow-up work. The recent terrorist attack received strong condemnation. All countries will unite as one to fight against terrorism and destroy all resources, technologies, and channels of terrorist financing. In order to realize sustainable global economic growth, it is necessary to popularize green investment and financing. The G20 Green Finance Comprehensive Report and the optional measures for developing green finance put forward by the Green Finance Research Group won high appraisal. In addition, the Climate Funds Research Group was encouraged to do research on “providing and raising climate funds to mitigate and accommodate the climate in an effective and transparent way”. On the basis of conforming to the United Nations Framework Convention on Climate Change, relevant work on climate funds problems will be carried out in succession next year. (July 25^th, Sichuan Daily/Zhang Shoushuai and Zhang Lan)

CCPIT Sichuan Council

Su Hongyi Attended the “Sichuan-Thailand Rubber Wood Industry International Cooperation Meeting”

The Sichuan-Thailand Rubber Wood Industry International Cooperation Meeting, jointly sponsored by the CCPIT (China Council for the Promotion of International Trade) Sichuan Council, the Commercial Counselor’s Office of the Thailand Consulate-General in Chengdu, and the Chengdu Office of the International Trade Promotion Department of the Ministry of Commerce of the Thailand, was held in the Ritz-Carlton Hotel on June 24^th 2016. Inspector of the CCPIT Sichuan Council, Su Hongyi, commercial counselor of the Thailand Consulate-General in Chengdu, Li Huilan, and relevant personnel from the Chengdu Office of the International Trade Promotion Department of the Ministry of Commerce of the Thailand, the Thailand Society of Rubber Wood Industry, the Sichuan Provincial Association of Home Furnishing Industry, the Sichuan Chamber of Commerce for Import and Export of Furniture, and Heungkong Holding attended the meeting.

Su Hongyi started the meeting by delivering a welcoming address. Su introduced the general situation of economic and trade cooperation between Sichuan and Thailand, reviewed the CCPIT Sichuan Council’s achievements, and encouraged companies to cooperate in different ways to obtain more interests, and chambers of commerce to give full play to their advantages to provide better services for companies. Li Huilan and representatives from the Thailand Society of Rubber Wood Industry, the Sichuan Provincial Association of Home Furnishing Industry, the Sichuan Chamber of Commerce for Import and Export of Furniture, and Heungkong Holding made speeches successively. They gave introductions about the development of Thailand rubber wood industry, the general situation of the Sichuan home furnishing industry, and the current condition of Heungkong Holding’s projects in Chengdu respectively.

With the coordination of the CCPIT Sichuan Council and the Commercial Counselor’s Office of the Thailand Consulate-General in Chengdu, the Sichuan Provincial Association of Home Furnishing Industry signed the MoU (Memorandum of Understanding) with the Thailand Society of Rubber Wood Industry on site.

Many Sichuan home furniture companies established cooperative relationships with Thai rubber wood companies and had in-depth talks on raw material purchasing, logistics transportation, products sales, etc.

After the meeting, Thai companies went to Xindu to visit the Limei Home Furnishing Material Market and Heungkong Global Furniture Building Materials Hall and had face-to-face conversations with local businessmen. Through the visit, Thailand gained a more comprehensive understanding of the furniture industrial chain of Sichuan Province.

CCPIT Sichuan Council Led Delegation to Japan for Exhibitions and to Carry out Economic and Trade Activities

In order to promote the healthy and sound development of the Sichuan wedding industry and to improve Sichuanese wedding companies’ competitiveness, a delegation of 37 representatives from Sichuan wedding companies, under the leadership of the CCPIT Sichuan Council, went to Japan from June 20^th to 26^th for exhibitions and to carry out economic and trade activities. Within the seven days, the delegation traveled to and fro between Tokyo, Hakone, Kyoto and Osaka to learn from Japanese wedding industry exhibitions and to visit their wedding halls, chambers of commerce, and wedding market.

The Japanese wedding industry exhibitions showed the mature consumer market its wedding industry, professional technology, high vocational quality, and advanced management concept. All wedding-related products from paper flowers to electronic systems and building materials can be found there. Each exhibit was made with high-quality materials. All kinds of Japanese-style weddings which are popular at present were performed out at the exhibitions. By visiting and communicating with Japanese exhibitors, Sichuan representatives were very much inspired from some good ideas.

When visiting the Asian Federation of Wedding Culture, the delegation paid a visit to the well-known Japanese wedding dress designer, Ms. Yumi Katsura. They talked about introducing Japanese wedding dresses, tools, and advanced technologies to Sichuan. Our representatives introduced the current situation and development environment of the Sichuan wedding industry, and invited Ms. Yumi Katsura to lead her groups to Sichuan to build wedding halls, cooperate with Sichuan companies, develop the western market, and realize win-win cooperation. Ms. Yumi Katsura shared her valuable experience and feeling about the work, and gave us some advice. She told us she was 84 years old, had been engaged in the wedding dress design work for 50 years, and she would keep going because she loved this job. She emphasized that when developing the wedding industry, we should always remember to preserve our customs and traditional culture, which left a deep impression on us. It reminded us that in order to endow the industry with a longer development prospect, we needed to respect our traditional customs and absorb the contemporary fashion reasonably. The delegation also visited the most famous Japanese wedding hotel, Meguro Gajoen Hotel, and some other wedding venues, and had a close experience with the traditional and contemporary Japanese wedding customs, etiquette and culture.

During the stay in Japan, the delegation visited JETRO (Japan External Trade Organization) which is the partner of the CCPIT Sichuan Council. They had a talk about the cooperation between Sichuan and Japan. Our delegation introduced the CAPAS Chengdu and the China (Chengdu) Smart Industry International Expo to them and invited Japanese companies to Sichuan for relevant exhibitions. In addition, they exchanged opinions on some issues in terms of wedding company management, industry combination, market operation, and talent cultivation.

Vice President Li Li Visited New Zealand, Australia and Indonesia with His Delegation

 From June 15^th to 24^th, vice-president, Li Li, and his delegation made up of representatives from over 40 agricultural companies went to New Zealand, Australia, and Indonesia with invitations from the Australian Trade Commission, the New Zealand-China Council for the Promotion of International Trade, and the Indonesian Chamber of Commerce and Industry. This purpose of this visit was to carry out economic and trade activities to help companies go abroad, cooperate with the government to implement the "the Belt and Road” initiative, develop the economic and trade relationship between China and the Australia and New Zealand Free Trade Zone, and exploit the New Zealand, Australian and Indonesian markets.

During the stay in New Zealand, the delegation participated in the largest industry exhibition in the Southern Hemisphere, held in Hamilton. They had face-to-face communications with the local companies. From their talking, they witnessed the advanced level of other countries in the field of modern agricultural machine manufacturing, understood more about their own products, and found development opportunities in the Southern Hemisphere market.

The delegation attended the China Sichuan-New Zealand Agriculture Promotion and Corporation Meeting held jointly by the CCPIT Sichuan Council, the Sichuan Provincial Department of Agriculture, and the New Zealand-China Council for the Promotion of International Trade. About 40 people attended the meeting including councilors of Hamilton City, Philip Ye and Robo Pasco; director of the Hauraki Region Bureau of Economic Development, David Velden; chairman of Waikato Region Commerce Committee; business development consultant of the New Zealand Trade and Enterprise; and other senior officials as well as foreign company representatives. Sichuan representatives had a lively discussion with New Zealand representatives on issues related to agriculture and animal husbandry in terms of product export and proxy, technical cooperation, plant construction, investment, and mergers and acquisitions. All companies gave high praise to this meeting.

During the stay in Australia, the CCPIT Sichuan Council jointly held the China Sichuan-Australia Agriculture Promotion and Corporation Meeting with the Sichuan Provincial Department of Agriculture and the Australia International Trade Association and Associates in Sydney. Director of the Australia International Trade Association and Associates, Ian Bennet, director of the International Bureau of the New South Wales Ministry of Foundation, Ian Sanders, senior consultant of the Australian Trade Commission, Liu Bing, Australian officials, and more than 80 company representatives attended the meeting. Commercial counselor of the Chinese Consulate-General in Sydney, Wang Hongbo, attended the meeting and delivered the address. During this period, both Chinese and Australian companies held in-depth talks on veterinary medicine research and development, animal husbandry breeding technology, establishing production companies and general product agencies, breeding cattle introduction, and import and export trade.

In Indonesia, the delegation also visited the Indonesian Chamber of Commerce and Industry and the Indonesian-Chinese Chamber of Commerce. They held discussions on the feasibility of establishing an information exchange platform to promote company cooperation and set up the Sichuan Office of International Chamber of Commerce in Djakarta.

Vice-president, Li Li, invited many companies to attend the Western China International Fair, including the New Zealand-China Council for the Promotion of International Trade, the New Zealand Trade and Enterprise, the New Zealand Hauraki Region and Waikato Region, the Australia International Trade Association and Associates, the Australian Trade Commission, the Royal Agricultural Society of Victoria, the Victorian Employers’ Chamber of Commerce and Industry, the New South Wales Government, the Indonesian Chamber of Commerce and Industry and the Indonesian Chamber of Commerce and Industry to Sichuan. Along with these relevant companies, he also invited the China (Chengdu) Smart Industry International Expo and the CAPAS Chengdu, which are sponsored by our Council. Our invitation received a positive response from the foreign side.

“Black Technologies” are here! China (Chengdu) Smart Industry International Expo Invited You to Create the Future Together

With the theme based on industry, looking forward to the future, and building a well-known smart industry exhibition platform in the southwest part of the city, the 2016 China (Chengdu) Smart Industry International Expo, sponsored by the Sichuan Provincial Promotion Group Office of Information Security Industrial Development and the CCPIT Sichuan Council, will be unveiled in the Chengdu Century City New International Convention and Exhibition Center on August 3^rd.

Serving as the only smart industry expo in southwestern China, the Expo, which collected “black technology” products from numerous famous companies, can provide valuable opportunities for many scientific and technological magnates to take up the southwestern smart industry market.

With an area covering a total of 20,000 m², The 1^st China (Chengdu) Smart Industry International Expo had 103 exhibitors in total, mainly displaying products and technologies related to smart manufacturing, information technology, smart city, smart home, intelligent security protection, and digital entertainment.

Many famous domestic leading companies like Inspur, Changhong, iSoftStone, HIKVISION, VDIN, China Mobile, China Telecom, and China Unicom will display their cutting-edge products, technologies, and solutions at the Expo.

Within the 600m² space, Sichuan intelligent manufacturing industry representative companies will gather together in the Sichuan Intelligent Manufacturing Exhibition Zone to showcase their achievements in the establishment of smart cities and the intelligent manufacturing industry. These companies are from eight important cities and prefectures for smart industry development in Sichuan including Yibin, Meishan, Leshan, Liangshan, Guangyuan, Deyang, Ya’an, and Zigong. The local “black technologies” are particularly interesting.

All sorts of hi-tech products and advanced technologies that only exist in our imagination of life in the future can be seen at the Expo.

Life in the future is like this.

[Visible Changes] Smart Home, VR Equipment, Intelligent Security Protection

In the future, robots will clean your home for you, turn on your lights and adjust them to the most comfortable brightness, turn on the TV and change it to your favorite channel, adjust the temperature of the air conditioning to the proper degree, and run a bath for you. The intelligent electrical apparatus and robots will be able to give you a “noble” life in the near future.

Changhong, Jiangsu, NTU Electronic Information, and other famous companies will display their smart homes, robots and other smart products at the Expo. You can experience the intelligent life in advance. The advanced technology like situation reactions, remote controls, and self perception and judgment, as well as accessible smart home products, will change your understanding of modern life.

Life in the future is also full of danger. The intelligent security protection products can keep you away from danger. HIKVISION, VDIN, Infinova, and other leading intelligent security protection product manufacturers will display their monitoring equipment, sensors, and security terminals at the Expo.

In addition to safety, the most important thing in life is to be happy. VR (Virtual Reality) technology will become the mainstream of entertainment in the future. Local VR companies like Jingcheng Yinuo will bring about their latest VR products. You will enter into a brand new world after wearing a pair of special glasses. (Tip: Best not to behave comically when wearing the VR glasses in case of any embarrassment.)

In addition, DJI, China Graphics, Winshare, WJP, and Spaceon will bring their UAV, smart education, smart medical treatment, beidou watches, and other products here. These products will provide protection, convenience, and pleasure to your life.

[Invisible changes] Intelligent Manufacturing, Smart Cities, Big Data, Information Security

How to make the products? In the future, you will never see workers working in a factory. Workshops are machines. Materials sent into the factories will be made into different hi-tech products by robots, automatic control machine tools, and production control systems. The “Sichuan Intelligent Manufacturing Exhibition Zone” will be specially set up for the Expo. Many competitive intelligent manufacturing companies will show up at that time. Entrepreneurs, business owners, and plant managers will have the chance to watch robots working and feel the powerful function of intelligent manufacturing. All kind of smart products that have been widely applied will appear at the Expo, including Keidel robot, ZJL industrial robot, etc.

In addition to the manufacturing industry, other changes are quietly taking place in our city. The changes have brought about great convenience to people and met requirements for different people. In order to build a smart city, people try to realize IoE (Internet of Everything), intelligent perception, dynamic regulation, and intelligent decisions with IoT (Internet of Things) and big data. Yibin, Guangyuan, Zigong, and Deyang will demonstrate their achievements on building a smart city at the Expo. The big data cloud computing services and big data appliances of companies including Inspur, iSoftStone, Shuzhilian, and Incitedata, as well as the internet layer of the smart city designed by China Mobile, China Telecom, and China Unicom, the smart street lamps produced by Huati, and other various smart city infrastructures and terminal products, will give you an impressive experience of a smart and convenient urban life.

All the aforementioned products are derived from the internet. The interconnection of the internet laid a solid foundation for the industrial development, but also resulted in some hidden troubles, like the leakage of information. Under the leadership of CETC, many Chinese information security companies will display the most cutting-edge information protection technology in China. They will bear the responsibility to protect our online privacy from being violated.

The 2016 China (Chengdu) Smart Industry International Expo will certainly become the “milestone” event in the development process of the Sichuan smart industry. The organizing committee invites you on August 3^rd to experience “black technology” and to create a better future together at Chengdu Century City New International Convention and Exhibition Center.

A series of grand activities, including the World CIO Forum 2016, the 2016 China Internet and Information Security Conference, the 2016 China (Sichuan) Intelligent Manufacturing Innovation Cooperation Forum, and the 2016 G.L.A., will be held in succession during this period. You may have the opportunity to see some great people at this time. Please keep following us for more information.