Latest news with #ZhangYiming
Yahoo
21-05-2025
- Business
- Yahoo
China's Hainan FTP Promotion Event Successfully Held in Dubai
HAIKOU, China, May 21, 2025 (GLOBE NEWSWIRE) -- On May 19, the 2025 Hainan Free Trade Port (FTP) promotion event, focusing on the liberalization and facilitation of trade and investment, was held in Dubai. Jointly organized by the Hainan Provincial People's Government and the Chinese Embassy in the UAE, with support from the China Council for the Promotion of International Trade Hainan Provincial Committee (CCPIT Hainan) and the China Chamber of International Commerce Hainan Chamber of Commerce (CCOIC Hainan), the event aimed to facilitate high-level dialogue and practical cooperation. H.E. Abdullah Ahmed Al Saleh, Undersecretary of the Ministry of Economy, stated that the UAE will actively align with the FTP's financial liberalization and cross-border trade facilitation policies, exploring innovative cooperation models in emerging fields such as AI and blockchain. UAE delegates at the conference expressed full confidence in the prospects of bilateral cooperation, stressing that governments, industrial parks, and trade promotion agencies of both sides should play an active role in advancing bilateral economic and trade collaboration. During the conference, Hainan signed four batches of agreements with institutions from the UAE, Saudi Arabia, and other countries, covering new energy, free trade zone development, logistics parks, automotive trade, and headquarters base development. Hainan provincial leadership underscored that after the customs closure, the FTP will adopt a framework centered on "zero tariffs, low tax rates, and a simplified tax system" to cultivate a market-oriented, law-based, and internationalized business environment. They highlighted the importance of deepening cooperation with the UAE in areas like the digital economy and green energy. Chinese Ambassador to the UAE Zhang Yiming noted that the FTP's open policies closely align with the UAE's 50-Year Development Plan, adding that bilateral collaboration will set a new benchmark for China-Middle East economic and trade cooperation. Hainan is intensifying efforts to build itself into a free trade port (FTP), aiming to establish independent customs operations by the end of 2025. Source: CCPIT Hainan CONTACT: Contact person: Ms. Fu, Tel: 86-10-63074558
Yahoo
20-05-2025
- Business
- Yahoo
Hainan Free Trade Port-UAE Promotion Conference Held in Dubai
HAIKOU, China, May 20, 2025 /PRNewswire/ -- A report from Hainan International Media Center (HIMC): On May 19, the 2025 China Hainan Free Trade Port-UAE Promotion Conference was successfully held in Dubai. Over 250 government and free trade zone participants from the UAE and Hainan, along with business leaders and media representatives, attended the event. The focus was on trade and investment liberalization and facilitation, encompassing cooperation in sectors such as new energy, finance, biopharmaceuticals, healthcare, and agarwood, injecting strong momentum into the establishment of the Hainan FTP as an innovative hub for China-UAE economic and trade relations. In his opening address, Feng Fei, Secretary of the CPC Hainan Provincial Committee highlighted the province's firm commitment to creating a free trade port with a market-oriented, law-based, and internationalized business environment and "zero tariffs, low tax rates, and a simplified tax system" at its core. He further emphasized that Hainan would focus on promoting in-depth cooperation with the UAE in the digital economy and green energy. Chinese Ambassador to the UAE Zhang Yiming pointed out that the open policies of the Hainan FTP are highly consistent with the UAE's "50-Year Development Plan," and the cooperation between the two sides will set a new benchmark for China-Middle East economic and trade cooperation. Abdulla Al Saleh, Under-Secretary of Foreign Trade and Industry at the UAE Ministry of Economy, said that the UAE will actively link in with the Hainan FTP's financial liberalization and cross-border trade facilitation policies and jointly explore innovative cooperation models in cutting-edge fields such as artificial intelligence and blockchain. Dr. Ali M. Al-Khouri, Secretary-General of the Office of the Deputy Prime Minister and Minister of Interior of the UAE and Chairman of the Arab Federation for Digital Economy, Marwan Al Marri, Regional Director of Asia from Dubai Chambers, and Omar Al Muhairi, Senior Vice President for Government Affairs at DP World Group, expressed their confidence in the cooperation prospects between the UAE and the Hainan FTP. At the event, the Hainan Provincial Bureau of International Economic Development provided a systematic breakdown of the advantageous policies and development opportunities of the Hainan FTP. Meanwhile, Hainan Provincial Financial Supervision and Administration Bureau and the Danzhou Municipal Government conducted thematic presentations on financial opening pilot initiatives, cross-border capital flows, and new investment opportunities in the Danzhou-Yangpu Economic Circle, respectively. In a bid to promote bilateral cooperation, representatives from Mingyang Group, Qilu Pharmaceutical, Mellser International Medical Center, and the Hainan Agarwood Industry Association shared information about Hainan's distinctive industries, specialty products, and plans to expand into the Middle Eastern market. During the meeting, Hainan signed four strategic cooperation agreements with enterprises from the UAE and Saudi Arabia, covering new energy, logistics parks, automobile trade, and headquarters base construction. A business negotiation session was arranged after the meeting, during which representatives of more than 100 Chinese and Arab companies met and laid the groundwork for future cooperation. View original content to download multimedia: SOURCE Hainan International Media Center (HIMC) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Khaleej Times
20-05-2025
- Entertainment
- Khaleej Times
Dubai: Chinese ambassador wears kandura during talks with Sheikh Maktoum
China's ambassador to the UAE decided to add a traditional touch to a recent business meeting to discuss strengthening ties and boosting mutual cooperation. During the sitting with Sheikh Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister & Minister of Finance, the Chinese envoy to the country Zhang Yiming showed up wearing a traditional Emirati kandura. Sheikh Maktoum shared photos of him and Yiming on X and commented by saying that China is a key partner in shaping a sustainable developmental future. "We remain committed to building bridges of collaboration that serve the interests of our peoples, our region, and the world," he added. Donning kanduras This was not the first time Yiming is seen sporting the traditional attire. Last year, he posted a photo of him wearing it during a majlis with Dr Anwar Gargash, the diplomatic adviser to UAE President Sheikh Mohamed bin Zayed Al Nahyan. It was a great pleasure to meet my old friend Dr. Anwar Gargash @AnwarGargash at the majlis. Everyone was warm and friendly, making it an unforgettable day!ð��� — Zhang Yiming (@Amb_Yiming) July 12, 2024 Other photos showed him in a previous occasion wearing the traditional dress. Take a look: Iâ��m pleased to attend the family banquet hosted by Ahmed Salem Sudain, Chairman of the Board of Directors of the Emirates Society for Parents' Care and Relief, and to celebrate Eid al-Adha with my Emirati brothers! Wishing for ever-stronger relations between China and the UAE! — Zhang Yiming (@Amb_Yiming) June 25, 2024 But he is not the only pubic figure who was seen donning the kandura. In 2023, Spanish football great Andres Iniesta swapped his jersey for a kandura to mark the 52nd UAE National Day. Images on Instagram also depicted the supremely talented former Barcelona wearing an Arabic Bisht coat, a black robe with an embroidered gold border that is a status garment among Arab men, much like the black-tie tuxedo worked on special occasions in the West. Two-time Dubai tennis finalist Stefanos Tsitsipas also made a memorable entrance at the ATP Players' Party earlier this year, arriving on the red carpet wearing the traditional robe worn in the Middle East.
Business Insider
30-04-2025
- Business
- Business Insider
Top 10 countries with the most billionaires in 2025
As of 2025, the global billionaire landscape is dominated by a select group of countries, with the United States leading the pack by a significant margin. The United States is the leader in billionaire population with over 900 billionaires and a combined net worth of $6.8 trillion. China, India, and several European nations also have impressive figures of billionaires, highlighting global economic powerhouses. Global billionaire wealth is highly concentrated, with the USA, China, and India accounting for over 50% of all billionaires and their wealth. The latest rankings from Forbes World's Billionaires List reveal that the U.S. is home to over 900 billionaires, while China, India, and several European countries follow suit with impressive figures of their own. This concentration of wealth highlights global economic powerhouses and the increasing significance of tech, finance, and industrial sectors in shaping the world's wealthiest individuals. According to Forbes, there are now more than 3,000 billionaires worldwide, collectively worth a staggering $16.1 trillion. However, this immense wealth is highly concentrated, with just three countries (USA, China and India) accounting for over 50% of all billionaires and their wealth. In contrast, 17 nations each have only a single billionaire. The United States continues to dominate the list, with a record 902 billionaires, up from 813 last year, and a combined net worth of $6.8 trillion. Nearly a third of this year's billionaires hail from the U.S. Among the world's 15 centibillionaires, all but two are American. Elon Musk, with an estimated net worth of $342 billion, reclaimed the title of the world's richest person from Bernard Arnault ($178 billion) of LVMH, marking the first time since 2022. Other tech giants like Mark Zuckerberg of Meta ($216 billion), Jeff Bezos of Amazon ($215 billion), and Larry Ellison of Oracle ($192 billion) complete the top five. Here's a look at the top 10 countries with the highest number of billionaires in 2025; Rank Country No. of Billionaires Richest Individual Net Worth (Richest) 1 United States 902 Elon Musk $342 billion 2 China 450 Zhang Yiming $65.5 billion 3 India 205 Mukesh Ambani $92.5 billion 4 Germany 171 Dieter Schwarz $41 billion 5 Russia 140 Vagit Alekperov $28.7 billion 6 Canada 76 Changpeng Zhao $62.9 billion 7 Italy 74 Giovanni Ferrero $38.2 billion 8 Hong Kong* 66 Li Ka-shing $38.9 billion 9 Brazil 56 Eduardo Saverin $34.5 billion 10 United Kingdom 55 Michael Platt $18.8 billion The global billionaire landscape is dominated by five countries: the United States, China, India, Germany, and Russia. The US leads with 902 billionaires, driven by tech and innovation, with Elon Musk ($342B) exemplifying this dominance. China has 450 billionaires, led by Zhang Yiming ($65.5B) of ByteDance. India is seeing rapid growth with 205 billionaires, fueled by digital expansion and industry, led by Mukesh Ambani ($92.5B) of Reliance Industries.
South China Morning Post
04-04-2025
- Politics
- South China Morning Post
US diplomats in China face relationship ban, Xiaomi's fatal car crash: SCMP's 7 highlights
We have selected seven stories from this week's news across Hong Kong, mainland China, the wider Asia region and beyond that resonated with our readers and shed light on topical issues. If you would like to see more of our reporting, please consider subscribing Wang Xiaofeng, who was named a distinguished member by the Association for Computing Machinery in 2021, joined Indiana University Bloomington as an assistant professor in 2004 after receiving his PhD in computer engineering from Carnegie Mellon University. Photo: Handout Security raids on the homes of a noted Chinese-American cybersecurity researcher have reignited fears of racial profiling in Trump-led America, under what some are calling a de facto 'China Initiative 2.0'. The US government has imposed a sweeping ban prohibiting American diplomats, their families and security-cleared contractors in China from engaging in romantic or sexual relationships with Chinese citizens, Associated Press has reported. Zhang Yiming, the founder of ByteDance and China's richest man, has not obtained Singaporean citizenship, according to a statement from Douyin, the Chinese sister app of TikTok.
