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Business Recorder
05-05-2025
- Business
- Business Recorder
PCJCCI welcomes high-profile Chinese business team's visit
LAHORE: In a significant development for Pakistan-China economic relations, the Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) welcomed a high-profile Chinese business delegation comprising senior representatives from over ten influential companies and institutions. The visit aimed to explore new avenues for collaboration across critical sectors including renewable energy, advanced manufacturing, industrial technology, healthcare, aerospace, real estate development, and policy innovation. The delegation, led by David Zhu, Head of the Chinese Delegation, featured notable figures such as Musar Yang of the All-China Federation of Industry and Commerce (ACFIC), and representatives from the Chamber of Commerce for High Technology Equipment Industry, Beijing Hangxing Transmission Technology Co, Ltd, and other forward-looking enterprises. Nazir Hussain, President of PCJCCI, and Zafar Iqbal, Vice President of PCJCCI, extended a warm welcome and facilitated a full-day programme of business dialogues, sectoral briefings, and B2B networking sessions. The event served as a critical platform for building trust, exchanging ideas, and identifying mutually beneficial partnerships. Brig Mansoor Saeed Sheikh (Retd) Senior Vice President PCJCCI emphasized on the importance of technology transfer as a key pillar of bilateral cooperation. China, with its global leadership in digital infrastructure, AI, green technology, and smart manufacturing, expressed willingness to share expertise and facilitate joint ventures in Pakistan. 'We envision Pakistan not only as a strategic partner but also as a hub for industrial growth and innovation,' said David Zhu. 'Through cooperative R&D, localized production, and knowledge exchange, we can elevate the capabilities of both countries and make significant contributions to the regional economy.' Nazir Hussain added, 'Pakistan offers the perfect environment for technology localization. With China's technical depth and our strategic location, we can build industries of the future from solar technology and electric vehicles to AI-powered logistics and e-commerce.' An important highlight of the meeting was China's invitation for Pakistani businesses to showcase their products in China's extensive wholesale market network, where participation is offered free of cost. These markets, supported by government-led platforms, allow international sellers to access millions of Chinese consumers and buyers without incurring the typical trade entry barriers. 'This is an unmatched opportunity for Pakistani SMEs, exporters, and manufacturers,' noted Musar Yang. 'We want to see more Made-in-Pakistan products in Chinese markets, and we're here to make that happen.' PCJCCI leadership praised this initiative as a step toward trade democratization and committed to helping local businesses register and prepare to participate in these international wholesale trade hubs. Both parties acknowledged the need for structural reforms and policy alignment to fully unlock the potential of Pakistan-China economic cooperation. Key recommendations included: Creating sector-specific working groups for renewable energy, ICT, and health tech, Simplifying cross-border regulations and customs procedures for smoother trade, establishing a joint innovation fund to support startups and co-develop technologies, setting up a bilateral business advisory council to inform future policy directions. The delegation expressed strong interest in collaborating with PCJCCI to draft reform proposals and initiate pilot programs in selected industrial zones under the CPEC framework. Zafar Iqbal, Vice President PCJCCI said that this is not just a visit it is the beginning of a new era of bilateral cooperation, together, we can foster innovation, improve trade balance, and empower our business communities with the tools they need to thrive. Copyright Business Recorder, 2025
South China Morning Post
01-05-2025
- Business
- South China Morning Post
China's ex-trade negotiator takes lesser role as Trump tariff war heats up
Wang Shouwen , China's former vice-minister of commerce and one of its chief trade negotiators during the first Trump administration, has taken on a lesser role at a semi-official commerce body. Advertisement His new title at the All-China Federation of Industry and Commerce (ACFIC), the country's largest non-governmental chamber of commerce, remains undisclosed, but the ACFIC website confirmed Wang had taken part in a study session as a member of its leadership team on Wednesday. Beijing announced last month that Li Chenggang, China's envoy to the World Trade Organization, would replace Wang, who played a key role in negotiating the 2020 US-China trade deal and rose to the No 2 position in the Ministry of Commerce in 2022. Wang's name was removed from the ministry's leadership roster shortly after a statement from the Ministry of Human Resources and Social Security unveiled the personnel changes on April 16, without clarifying the reasons or what Wang's new assignment would be. It remains unclear why Wang, 59, has been transferred from the high-stakes full-ministerial position as the country's chief trade negotiator to a lesser role at the ACFIC, which operates under the Communist Party's United Front Work Department Advertisement Wang is still six years away from the retirement age for a ministerial-level official. His transfer to the less prestigious ACFIC role may indicate he is starting to wind down his career. His removal, and the appointment of 58-year-old Li as the country's new commerce vice-minister and international trade representative, made international headlines amid US President Donald Trump's renewed trade war with China.
Business Recorder
30-04-2025
- Business
- Business Recorder
Team comprising over dozen Chinese companies arrives
ISLAMABAD: The top leadership of more than a dozen Chinese companies has arrived in Islamabad to explore investment opportunities across various sectors in Pakistan. The high-level delegation is scheduled to meet with key Pakistani government officials to discuss potential areas of collaboration and business development. The visiting firms represent a diverse range of industries including high-tech manufacturing, new energy, electronics, aviation, satellite communications, smart technologies, and mining. 2,300 Chinese companies operating in Pakistan: VP PCJCCI 1) All-China Federation of Industry and Commerce (ACFIC): The All-China Federation of Industry and Commerce (ACFIC) founded in 1953. It primarily works as national chamber of commerce representing private enterprises in China, focusing on supporting the non-public economy and facilitating cooperation between private businesses and the government. Its main domains include industry, commerce, technology, manufacturing, and trade. ACFIC also plays a significant role in policy advocacy and economic development. The organization is closely linked with the Chinese Communist Party and helps align private sector growth with national goals. 2) Chamber of Commerce for High Technology and Equipment Industry: The Chamber of Commerce for High Technology and Equipment Industry under ACFIC was notably active and formally highlighted in 2023, during the Conference for Chamber of Commerce for High Technology and Equipment Industry held in Jiangxi (Nanchang) in November 2023. Founded to support private enterprises in advanced manufacturing, technology, and industrial modernization, it focuses on fostering collaboration between businesses and government. The chamber is key in policy advocacy, technological innovation, and expanding market access for high-tech industries. It was notably active in recent years, aligning with China's strategic goals for industrial upgrading and innovation-driven growth. 3) New Energy Operations Committee of the China Electricity Equipment Management Association is a specialized body within the China Electricity Equipment Management Association (CEEMA) focused on the operational aspects of new energy technologies and equipment. This committee deals with issues related to the integration, operation, and maintenance of new energy sources like solar, wind, and hydropower into China's power grid. 4) China Jinhua (Yiwu) Wenzhou General Chamber of Commerce to develop Pakistan China Free Trade Zone. China Jinhua (Yiwu) Wenzhou General Chamber of Commerce represents business interests from Zhejiang province and plays a key role in developing the Pakistan-China Free Trade Zone. The chamber promotes trade and investment cooperation between China and Pakistan, supporting businesses in navigating local regulations and facilitating market access. It works closely with Pakistani authorities to boost industrial growth and cross-border collaboration. This initiative is part of broader efforts to strengthen economic ties and enhance connectivity under the China-Pakistan Free Trade Agreement. 5) Precise Development (HK) Limited: The Precise Development is a consultancy company which primarily deals with all the industrial linkages of the All-China Federation of Industry in Commerce (ACFIC). This company as a parent company for industry, commerce, technology, and policy advocacy for various chamber of commerce across China. 6) Xi'an Yufei Electronic Technology Co Ltd Technical Collaboration in Data Link & Communication Solutions for the UAV Industry Xi'an Yufei Electronic Technology Co Ltd (R), founded in 2015 and headquartered in Shaanxi Province, China, specializes in the research and development of communication equipment and electronic technologies. The company holds 58 patents and focuses on providing advanced data link and communication solutions, particularly for the IT industry. Xi'an Yufei also plays a significant role in advancing China's UAV technology through its specialized electronic communication products. 7) Rongzhihang Information Technology (Suzhou) Co Ltd: Manufacturing of Civil Aircraft Components; Civil Aircraft Maintenance, Bushings, Clamps Rongzhihang Information Technology (Suzhou) Co Ltd, founded on March 24, 2020, specializes in manufacturing civil aircraft components and providing civil aircraft maintenance services. Their product range includes bushings, clamps, and other precision parts essential for aircraft operations. The company supports the aviation industry by providing high-quality components. 8) Sichuan Andy Technology Industrial Co Ltd: The company provides secure and reliable satellite communication data links Sichuan Andy Technology Co Ltd, founded in 2000. This company manufactures a wide range of products to meet the various customized needs of customers. It has been focusing on the satellite communication industry. The company's business scope includes the development and operation of very small aperture terminal (VSAT) earth stations, satellite communication systems, and related telecom services. It also engages in drone sales, communication product development, and information system integration, supporting advanced satellite transmission and communication technologies. Sichuan Andy Technology collaborates with major telecom operators like China Mobile to deliver integrated communication solutions. 9) Hefei Changwei Zhixuan Technology Co Ltd is a technology company based in Hefei, China, specializing in intelligent digital solutions and advanced technology applications. The company focuses on innovation in areas such as smart equipment and digital transformation to support industrial and commercial clients. It was founded in 2016 and has been contributing to the development of smart technology in its region since then. 10) Beijing Xiaotunpai Technology Co Ltd specializes in the R&D and manufacturing of infrared thermal imaging devices and systems for healthcare Beijing Xiaotunpai Technology Co Ltd. It was founded on December 22, 2015. The company specializes in the research, development, and manufacturing of infrared thermal imaging devices and systems, mainly for healthcare applications such as non- contact temperature measurement and medical diagnostics. It is based in Beijing and focuses on advanced infrared technology to support medical monitoring and fever screening. The company has a registered capital of approximately 13.33 million RMB. 11) Beijing Hangxing Transmission Technology Co Ltd (AMIED), founded in 2011, specializes in electro-optical solutions for aerospace, aviation, and marine applications. The company develops advanced servo systems and transmission technologies tailored to meet the demanding requirements of these industries. Headquartered in Beijing, it plays a key role in enhancing the performance and reliability of critical aerospace and marine equipment through innovative electro-optical products. Beijing Hangxing supports China's strategic development in high-precision aerospace and maritime technologies. 12) Zhongke Hongtai (Anhui) New Energy Technology Co Ltd plans for investment and construction of renewable energy power plants; collaboration on PV panel & module production line capacity deployment; energy storage battery production line capacity cooperation. It was founded in 2023, focuses on investing in and constructing renewable energy power plants. The company collaborates on expanding production capacity for photovoltaic panels, modules, and energy storage batteries. Based in Anhui, it supports China's clean energy development through advanced technology and industry cooperation. 13) Beijing Masterful Sci-Tech Co Ltd is involved in copper ore mining, contributing to China's resource extraction sector. Chinese companies, including state- backed ones, have been actively investing in copper mining both domestically and internationally, particularly in resource-rich countries. Copyright Business Recorder, 2025
