Latest news with #andRoad
The Sun
4 days ago
- Business
- The Sun
HKQAA International Sustainability Forum • Hong Kong 2025: Support the Government's Roadmap on Sustainability Disclosure, Foster cross-border Cooperation and Green Development
HONG KONG SAR - Media OutReach Newswire - 30 May 2025 - Hong Kong Quality Assurance Agency (HKQAA) held the HKQAA International Sustainability Forum • Hong Kong 2025 at the Convention Hall of Hong Kong Convention and Exhibition Centre. Mr Tse Chin-wan, BBS, JP, Secretary for Environment and Ecology of the Government of HKSAR; Mr Christopher Hui, GBS, JP, Secretary for Financial Services and the Treasury of the Government of HKSAR; Dr Chen Gang, Acting SG of BRI International Green Development Coalition; and Mr Gao Guosheng, Member of the Party Leadership Group of the Guangdong Provincial Administration for Market Regulation, Secretary of the Party Committee and Secretary General of the Guangdong Intellectual Property Administration are the officiating guest and special guest. In addition, Dr Bernard Chan, JP, Acting Secretary for Commerce and Economic Development of the Government of the HKSAR, officiated the Thematic Forum – Pathways to the Sustainable Development of the Silver Economy; and Mr Wei Dunsheng, Deputy Mayor of Nanping Municipal People's Government, Fujian Province, officiated the Thematic Forum – Shaping a Sustainable and Livable City: Green Industry, Shared by the World. Linked policymakers and business leaders to explore green opportunities and low-carbon transition of the BRI Sustainable development and low-carbon transition have become a global topic of concern, receiving significant attention from both the business and financial sectors. The Forum invited local and overseas political and business leaders, experts and academics to share their experiences and insights. In the Morning Forum – Seizing Green Finance Opportunities in the Low-Carbon Transition of the Belt and Road Initiative and the Greater Bay Area, the special guest speakers included Dr Zhang Jianyu, Chief Development Officer of BRI International Green Development Coalition; Mr Riyadi Suparno, Executive Director of Tenggara Strategics (speaker from Indonesia); Mr Ronnie Tham, Partner at Treo Capital (speaker from Malaysia); and Mr Leo Horn-Phathanothai, Founder and CEO, Just Transitions Incubator (JUTI) (speaker from Thailand). 'We took the lead in launching the Green Finance Certification Scheme in 2018 to help enable Hong Kong to leverage its strengths as a Belt and Road investment and financing platform to attract international capital and boost Belt and Road development. Moreover, we have forged a cooperative relationship with BRI International Green Development Coalition, which is jointly initiated by Ministry of Ecology and Environment of our country and international organisations. We aim to promote exchanges and mutual recognition of carbon standards with BRI countries, strengthen capacity-building training, and foster closer green cooperation,' said Ir C. S. Ho, Chairman of the HKQAA. In the Afternoon Forum – Implementing Sustainable Development and Climate Financial Disclosure, the special guest speakers included Representative of Beijing Municipal Finance Bureau; Ms Janey Lai, Chief Executive Officer, The Accounting and Financial Reporting Council; Mr Leng Bing, Member of the International Sustainability Standards Board (ISSB); Prof Liu Yifang, Director, Sustainable Standards Research Center, Central University of Finance and Economics, Professor and PhD Supervisor of School of Economics. Climate Impact GPS Campaign: supporting the Government's roadmap on climate disclosure HKQAA announced on the event that it took the lead in launching the HKQAA Climate Impact GPS Campaign earlier this year in support of the sustainability disclosure policies of our country and the HKSAR Government. This initiative aims to engage organisations, including the banking sector and the listed companies, in building capacity to address climate-related risks and opportunities so as to well prepare required climate-related financial disclosures by offering industry-based technical guidance, workshops and software tools, including the scope 3 greenhouse gas emissions calculation tool. The Campaign is open to organisations at no cost, and nearly 90 participating organisations that joined the Pilot Program were recognised on a presentation ceremony in the Afternoon Session. Participating organisations of the Pilot Program gain prior access to preview relevant industry-based technical guidance, as well as participate in workshops and use the tools. In terms of promoting professional talent development, HKQAA is honoured to be invited to cooperate with the Beijing Municipal Finance Bureau on a sustainability information disclosure pilot and training project, helping the country steadily advance the development of its sustainability disclosure standards system. Moreover, a memorandum of understanding was signed at the Forum by Mr P C Chan, Chief Executive Officer of HKQAA, and Prof Karen Cheung, Director of Hong Kong Institute of Education for Sustainable Development. This memorandum aims to jointly promote the establishment and optimisation of sustainable development talent standards in Hong Kong, enhance talent cultivation and the upgrading of sustainable development skills, effectively drive industry-wide sustainable development, and foster Hong Kong and the entire Greater Bay Area as an international centre for sustainable development talent. ''I would like to take this opportunity to thank the HKQAA for its contributions to the development of green finance in Hong Kong. The HKQAA has been participating in the development of international standards for sustainable finance and launched the Green and Sustainable Finance Certification Scheme (formerly called Green Finance Certification Scheme) in 2018. I am delighted to know that the HKQAA also supports the development of a roadmap for sustainability disclosure in our country by contributing to the Beijing Municipal Bureau of Finance and Economy's pilot project for sustainability disclosure and talent development. At home, it has supported Hong Kong's own disclosure roadmap by establishing industry-specific climate risk tools to help local businesses prepare for future reporting requirements,' said Mr Christopher Hui, GBS, JP, Secretary for Financial Services and the Treasury, in his remarks via video. Introducing the Effectiveness and Potential Application of Structural Data Disclosure Model for Sustainability Disclosure HKQAA introduced a brand-new structural data disclosure model in 2024, named the 'Nexus Data Model'. With the meaning of nexus, the objective of the data model is to link material sustainability issues and to connect all stakeholders together. This model is already applied to HKQAA ESG Connect Program, Hong Kong Registration and will be used for other engagement, disclosure or assessment services in the future application. As the evaluation project leader of this data disclosure model, Professor Zhang Lin, School of Energy and Environment of the City University of Hong Kong, shared on the Afternoon Forum the team's finding based on data obtained from the HKQAA ESG Connect Program. The results confirmed that the data model effectively encourages businesses to adopt ESG initiatives and disclose progress on ESG, Carbon Action, Climate Response, and CBAM Ready, while strengthening stakeholder connections. Ultimately, it fosters a sustainable ESG Ecosystem, driving long-term ESG development. Establishing strategic partnership to promote high-quality development in the GBA On the Forum, under the witness of Mr P C Chan, Chief Executive Officer of HKQAA, and Mr Gao Guosheng, Member of the Party Leadership Group of the Guangdong Provincial Administration for Market Regulation, Secretary of the Party Committee and Secretary General of the Guangdong Intellectual Property Administration, a memorandum of understanding was signed by Mr K T Ting, HKQAA's Chief Operating Officer, and Mr Lu Yongchi, Chief Operation Officer of The Guangdong-Hong Kong-Macao Greater Bay Area Certification Promotion Centre. This memorandum aims to deepen cooperation in the field of testing and certification, advance the development of the Guangdong-Hong Kong-Macao Greater Bay Area, promote the alignment of regulatory mechanisms between the mainland and the Hong Kong and Macao regions, and support the high-quality development of the Greater Bay Area. Co-hosting green industry themed forum with the People's Government of Nanping Nanping is endeavouring to become the country's model city of green development, flourishing through its green industries. Co-hosted by HKQAA and the People's Government of Nanping, Fujian Province, Thematic Forum – Shaping a Sustainable and Livable City: Green Industry, Shared by the World focused on topics of carbon measurement, value of ecological products, and the bamboo industry. Mr Wei Dunsheng, Deputy Mayor of Nanping Municipal People's Government, Fujian Province, was the officiating guest of the Thematic Forum. Launched a silver-friendly registration scheme to support the Government's silver economy policy The presentation ceremony of the Hong Kong Green and Sustainability Contribution Awards 2025 was held on the event. The Awards aim to encourage companies to incorporate sustainable practices into their management decisions and daily operations, and recognise their efforts and contributions. Ｏrganisations and venues from Hong Kong, Mainland China and overseas were honoured. This year, 'Promote High-Quality Elderly Living', 'Promote Silver-friendly Community' and 'Promote Halai-friendly Community' categories were newly added to the Awards. The awards of 'Promote High-Quality Elderly Living' and 'Promote Silver-friendly Community' were presented by Dr Bernard Chan, Acting Secretary for Commerce and Economic Development of the Government of the HKSAR, who also officiated the Thematic Forum – Pathways to the Sustainable Development of the Silver Economy. HKQAA has been launching various certification and registration schemes in line with government policy directions to continuously enhance the professionalism and recognition of the industry. To support the Working Group on Promoting Silver Economy led by the Deputy Chief Secretary for Administration, HKQAA has introduced the HKQAA Hong Kong Registration – Silver-friendly Series. This series aims to guide enterprises in tapping into the silver market through three main aspects – venues, products and services, while also creating a better living environment for the elderly. HKQAA will continue to promote the registration scheme, encouraging more enterprises to participate and jointly respond to the government's policy of promoting the silver economy. 'I would like to thank the Hong Kong Quality Assurance Agency for taking the lead in launching the 'Hong Kong Registration – Silver-Friendly Series' in support of the Government's efforts to promote the silver economy. This registration scheme sets out a set of criteria from the perspective of silver consumers, guiding enterprises to enhance their venues, products, and services. I also call on more enterprises to actively take part in the scheme by integrating silver-friendly elements into their daily operations and creating a consumption environment that better caters to the needs and preferences of the silver generation, thereby boosting 'silver consumption' and driving economic growth,' said Dr Bernard Chan, JP, Acting Secretary for Commerce and Economic Development, in his remarks. Organisation's Sharing on Sustainability Strategies JEC has been a long-standing ally in Hong Kong's sustainability efforts, aligning with the 2050 Net-Zero mission by providing innovative sustainability solutions to both public and private sectors for decades. JEC's AI digital solution and environmental engineering projects deliver real ESG impact, transforming how businesses and cities thrive sustainably. Regarding JEC's innovations are shaping a more sustainable Hong Kong, JEC's vision is to pioneer even smarter and more sustainable engineering innovations, making them accessible across Hong Kong and Asia. JEC's mission contributes to Hong Kong's 2050 Net-Zero future. JEC looks forward to connecting with all sectors to shape a greener tomorrow. First, JEDI, JEC's AI digital solution, optimizes energy and detects faults in buildings. Its algorithms analyze weather forecasts, past energy consumption, equipment pattern and utility bills to build predictive models, ensuring precise energy management. In 2024, JEDI saved over 8 million kilowatt-hJEC'ss and cut over 4 million kilograms of CO2 across grade A commercial buildings, campuses, and transport hubs in APAC. By analysing real-time data, like chiller performance, it slashes energy costs by 8-26%. For instance, in a commercial tower, JEDI's fault detection reduced downtime, boosting efficiency and meeting BEAM Plus standards. Next, through working with the government, JEC's environmental engineering projects strengthen Hong Kong's sustainability. The Tseung Kwan O Desalination Plant, launched in 2023, uses reverse osmosis to supply ultimately increase to 135,000 million litres, equivalent to around 5% of Hong Kong's potable water demand. Its solar panels generate renewable energy to account for 16% of total energy usage, reducing grid dependence by 30% and earning BEAM Plus Platinum certification. The Shek Wu Hui Sewage Treatment Works employs advanced treatment technology, enhancing water quality and earning a 2021 HKIBIM Bronze. At O·PARK2, JEC's waste-to-energy facility handles food waste daily through anaerobic digestion to create biogas for electricity production. This process contributes to exporting significant amounts of energy annually, powering local households, and effectively reducing greenhouse gas emissions. JEC's Pilot Biochar Production Plant in EcoPark, Tuen Mun, processes tonnes of woody waste annually to produce tonnes of biochar, reducing emissions and serving as a soil conditioner and pollutant filter.
The Sun
6 days ago
- Business
- The Sun
China, ASEAN, GCC forge innovative trilateral cooperation amid global risks
KUALA LUMPUR: Amid escalating global challenges, China, the Association of Southeast Asian Nations (ASEAN), and the Gulf Cooperation Council (GCC) countries have forged a groundbreaking path in cross-regional cooperation. In a historic move, they convened a landmark trilateral summit in Kuala Lumpur, the capital of Malaysia -- ASEAN's current chair -- marking a bold step toward collective resilience, economic synergy, and a shared vision for prosperity. At the inaugural ASEAN-China-GCC Summit on Tuesday, Chinese Premier Li Qiang called on the three parties to set a global benchmark in openness, development cooperation and cross-civilization integration. His call comes at a critical juncture, as rising protectionism and escalating geopolitical tensions threaten to fracture the international order. Amid global economic headwinds and mounting uncertainties, Li noted that by strengthening connectivity and collaboration, the three sides can forge a vibrant economic circle and a powerful engine for growth, which holds profound significance not only for their respective prosperity but also for advancing peace and development across Asia and the world. 'As some countries are becoming more protectionist and isolationist, the summit was a good initiative and effort to counter these emerging trends,' said Lee Pei May, a political expert at the International Islamic University Malaysia. 'The summit proves that economies can complement rather than compete with one another, easing the worries that countries can only develop if they turn inward,' Lee added. At the tripartite gathering, Li urged all sides to work together to build a model of global cooperation and development in three aspects -- creating a model of cross-region openness, forging a model of cooperation across different development stages, and fostering a model of cross-civilization integration. At the summit, the leaders committed to further strengthening Belt and Road cooperation, with a focus on deepening ties in connectivity, trade, industrial and supply chains, agriculture, energy, finance, and the digital economy. They pledged to accelerate trilateral integration, fostering robust, inclusive, and sustainable development for all. The summit adopted a joint statement, which was hailed as 'detailed, elaborate' and a strong message of trilateral solidarity and cooperation by Malaysian Prime Minister Anwar Ibrahim. In the joint statement, the relevant countries acknowledged their joint efforts to promote closer cooperation between ASEAN, GCC and China, and China's vision to build a closer ASEAN-China community with a shared future and a China-Arab community with a shared future in the new era. Andrew Kam Jia Yi, senior research fellow with the Institute of Malaysian and International Studies at the National University of Malaysia, said the summit highlights how the strengths of each party can complement one another. 'The GCC's energy and financial resources, ASEAN's growing consumer base, and China's technological and financial capacities together create more resilient supply chains and boost food and energy security for all,' he said. Following the summit, Li also delivered remarks at the opening ceremony of the ASEAN-China-GCC Economic Forum 2025. He emphasized China's commitment to energizing trilateral cooperation through its high-quality development, pledging to firmly expand high-level opening up, promote mutual reinforcement between domestic and international circulations and share the opportunities of China's development with countries of ASEAN and GCC, and enterprises from around the world. The trilateral cooperation mechanism not only fosters collaborative agreements across regions, but creates a novel platform of communication and dialogue for the Global South countries to closely coordinate on regional and international affairs and amplify their voices on the global stage. The joint statement recognizes the need to strengthen confidence in the rules-based multilateral trading system with the World Trade Organization at its core, and reaffirms the countries' resolve to make economic globalization more open, inclusive, balanced, and beneficial to their peoples and future generations. During talks with other leaders on the sidelines of the summit, the Chinese premier voiced China's readiness to push for a greater role of the Global South in improving global governance. In his meeting with Vietnamese Prime Minister Pham Minh Chinh, Li said that China looks to strengthen communication and cooperation with Vietnam and jointly protect the common interests of the Global South countries. During their meeting a day before the summit, Li told Sheikh Sabah Al-Khaled Al-Hamad Al-Sabah, crown prince of Kuwait, that China is committed to strengthening communication and coordination with Kuwait through various multilateral platforms to push for more just and equitable global governance and a more harmonious, stable and prosperous world. The trilateral summit 'encourages other regions to pursue similar models of collaboration,' Kam said. 'It is a sign of growing solidarity, where countries of the Global South are working together to shape their own futures, assert their priorities on the global stage, and build a more equitable and stable world order from the ground up,' the scholar added.¦
The Sun
6 days ago
- Business
- The Sun
China, ASEAN, GCC boost trilateral ties amid global challenges
KUALA LUMPUR: Amid escalating global challenges, China, the Association of Southeast Asian Nations (ASEAN), and the Gulf Cooperation Council (GCC) countries have forged a groundbreaking path in cross-regional cooperation. In a historic move, they convened a landmark trilateral summit in Kuala Lumpur, the capital of Malaysia -- ASEAN's current chair -- marking a bold step toward collective resilience, economic synergy, and a shared vision for prosperity. At the inaugural ASEAN-China-GCC Summit on Tuesday, Chinese Premier Li Qiang called on the three parties to set a global benchmark in openness, development cooperation and cross-civilization integration. His call comes at a critical juncture, as rising protectionism and escalating geopolitical tensions threaten to fracture the international order. Amid global economic headwinds and mounting uncertainties, Li noted that by strengthening connectivity and collaboration, the three sides can forge a vibrant economic circle and a powerful engine for growth, which holds profound significance not only for their respective prosperity but also for advancing peace and development across Asia and the world. 'As some countries are becoming more protectionist and isolationist, the summit was a good initiative and effort to counter these emerging trends,' said Lee Pei May, a political expert at the International Islamic University Malaysia. 'The summit proves that economies can complement rather than compete with one another, easing the worries that countries can only develop if they turn inward,' Lee added. At the tripartite gathering, Li urged all sides to work together to build a model of global cooperation and development in three aspects -- creating a model of cross-region openness, forging a model of cooperation across different development stages, and fostering a model of cross-civilization integration. At the summit, the leaders committed to further strengthening Belt and Road cooperation, with a focus on deepening ties in connectivity, trade, industrial and supply chains, agriculture, energy, finance, and the digital economy. They pledged to accelerate trilateral integration, fostering robust, inclusive, and sustainable development for all. The summit adopted a joint statement, which was hailed as 'detailed, elaborate' and a strong message of trilateral solidarity and cooperation by Malaysian Prime Minister Anwar Ibrahim. In the joint statement, the relevant countries acknowledged their joint efforts to promote closer cooperation between ASEAN, GCC and China, and China's vision to build a closer ASEAN-China community with a shared future and a China-Arab community with a shared future in the new era. Andrew Kam Jia Yi, senior research fellow with the Institute of Malaysian and International Studies at the National University of Malaysia, said the summit highlights how the strengths of each party can complement one another. 'The GCC's energy and financial resources, ASEAN's growing consumer base, and China's technological and financial capacities together create more resilient supply chains and boost food and energy security for all,' he said. Following the summit, Li also delivered remarks at the opening ceremony of the ASEAN-China-GCC Economic Forum 2025. He emphasized China's commitment to energizing trilateral cooperation through its high-quality development, pledging to firmly expand high-level opening up, promote mutual reinforcement between domestic and international circulations and share the opportunities of China's development with countries of ASEAN and GCC, and enterprises from around the world. The trilateral cooperation mechanism not only fosters collaborative agreements across regions, but creates a novel platform of communication and dialogue for the Global South countries to closely coordinate on regional and international affairs and amplify their voices on the global stage. The joint statement recognizes the need to strengthen confidence in the rules-based multilateral trading system with the World Trade Organization at its core, and reaffirms the countries' resolve to make economic globalization more open, inclusive, balanced, and beneficial to their peoples and future generations. During talks with other leaders on the sidelines of the summit, the Chinese premier voiced China's readiness to push for a greater role of the Global South in improving global governance. In his meeting with Vietnamese Prime Minister Pham Minh Chinh, Li said that China looks to strengthen communication and cooperation with Vietnam and jointly protect the common interests of the Global South countries. During their meeting a day before the summit, Li told Sheikh Sabah Al-Khaled Al-Hamad Al-Sabah, crown prince of Kuwait, that China is committed to strengthening communication and coordination with Kuwait through various multilateral platforms to push for more just and equitable global governance and a more harmonious, stable and prosperous world. The trilateral summit 'encourages other regions to pursue similar models of collaboration,' Kam said. 'It is a sign of growing solidarity, where countries of the Global South are working together to shape their own futures, assert their priorities on the global stage, and build a more equitable and stable world order from the ground up,' the scholar added.¦
Borneo Post
7 days ago
- Business
- Borneo Post
China, Asean, GCC forge innovative trilateral cooperation amid global risks
Li attends the Asean-China-GCC Summit in Kuala Lumpur on May 27, 2025. – Xinhua photo KUALA LUMPUR (May 28): Amid escalating global challenges, China, the Association of Southeast Asian Nations (Asean), and the Gulf Cooperation Council (GCC) countries have forged a groundbreaking path in cross-regional cooperation. In a historic move, they convened a landmark trilateral summit in Kuala Lumpur, the capital of Malaysia – Asean's current chair – marking a bold step toward collective resilience, economic synergy, and a shared vision for prosperity. At the inaugural Asean-China-GCC Summit on Tuesday, Chinese Premier Li Qiang called on the three parties to set a global benchmark in openness, development cooperation and cross-civilisation integration. His call comes at a critical juncture, as rising protectionism and escalating geopolitical tensions threaten to fracture the international order. Amid global economic headwinds and mounting uncertainties, Li noted that by strengthening connectivity and collaboration, the three sides can forge a vibrant economic circle and a powerful engine for growth, which holds profound significance not only for their respective prosperity but also for advancing peace and development across Asia and the world. 'As some countries are becoming more protectionist and isolationist, the summit was a good initiative and effort to counter these emerging trends,' said Lee Pei May, a political expert at the International Islamic University Malaysia. 'The summit proves that economies can complement rather than compete with one another, easing the worries that countries can only develop if they turn inward,' Lee added. At the tripartite gathering, Li urged all sides to work together to build a model of global cooperation and development in three aspects – creating a model of cross-region openness, forging a model of cooperation across different development stages, and fostering a model of cross-civilisation integration. Li attends the Asean-China-GCC Summit in Kuala Lumpur on May 27, 2025. – Xinhua photo At the summit, the leaders committed to further strengthening Belt and Road cooperation, with a focus on deepening ties in connectivity, trade, industrial and supply chains, agriculture, energy, finance, and the digital economy. They pledged to accelerate trilateral integration, fostering robust, inclusive, and sustainable development for all. The summit adopted a joint statement, which was hailed as 'detailed, elaborate' and a strong message of trilateral solidarity and cooperation by Malaysian Prime Minister Datuk Seri Anwar Ibrahim. In the joint statement, the relevant countries acknowledged their joint efforts to promote closer cooperation between Asean, GCC and China, and China's vision to build a closer Asean-China community with a shared future and a China-Arab community with a shared future in the new era. Andrew Kam Jia Yi, senior research fellow with the Institute of Malaysian and International Studies at the National University of Malaysia, said the summit highlights how the strengths of each party can complement one another. 'The GCC's energy and financial resources, Asean's growing consumer base, and China's technological and financial capacities together create more resilient supply chains and boost food and energy security for all,' he said. Following the summit, Li also delivered remarks at the opening ceremony of the Asean-China-GCC Economic Forum 2025. He emphasised China's commitment to energising trilateral cooperation through its high-quality development, pledging to firmly expand high-level opening up, promote mutual reinforcement between domestic and international circulations and share the opportunities of China's development with countries of Asean and GCC, and enterprises from around the world. The trilateral cooperation mechanism not only fosters collaborative agreements across regions, but creates a novel platform of communication and dialogue for the Global South countries to closely coordinate on regional and international affairs and amplify their voices on the global stage. The joint statement recognises the need to strengthen confidence in the rules-based multilateral trading system with the World Trade Organisation at its core, and reaffirms the countries' resolve to make economic globalisation more open, inclusive, balanced, and beneficial to their peoples and future generations. During talks with other leaders on the sidelines of the summit, the Chinese premier voiced China's readiness to push for a greater role of the Global South in improving global governance. In his meeting with Vietnamese Prime Minister Pham Minh Chinh, Li said that China looks to strengthen communication and cooperation with Vietnam and jointly protect the common interests of the Global South countries. During their meeting a day before the summit, Li told Sheikh Sabah Al-Khaled Al-Hamad Al-Sabah, crown prince of Kuwait, that China is committed to strengthening communication and coordination with Kuwait through various multilateral platforms to push for more just and equitable global governance and a more harmonious, stable and prosperous world. The trilateral summit 'encourages other regions to pursue similar models of collaboration,' Kam said. 'It is a sign of growing solidarity, where countries of the Global South are working together to shape their own futures, assert their priorities on the global stage, and build a more equitable and stable world order from the ground up,' the scholar added. – Xinhua Asean-China-GCC Summit China Li Qiang Xinhua
The Advertiser
25-05-2025
- Business
- The Advertiser
Indonesian president, Chinese premier in trade meeting
Chinese Premier Li Qiang has met with Indonesia's President Prabowo Subianto to discuss ways to expand trade and investment during the US global trade war and as economic globalisation faces headwinds. Li arrived in Indonesia's capital, Jakarta, on Saturday for a three-day visit to Southeast Asia's largest economy. It was the first stop of his first overseas visit this year. Indonesia and China are member states of the Group 20 major developing countries and emerging economies and of BRICS. Li brought 60 Chinese prominent businesspeople for his address to the Indonesia-China Business Reception on Sunday evening. He emphasised in his remarks that China's economy has achieved rapid growth this year despite increasing external challenges. "The current international situation is a stalemate," Li said at the event which was also attended by Subianto, "Unilateralism and protectionism are on the rise, bullying behaviour is increasing." He called on all countries to seek common ground while resolving differences through dialogue and peaceful coexistence. Subianto expressed gratitude to the Chinese government and its companies "that have participated in our economy, created jobs, transferred technology and built trust among all businesses, especially in our homeland". He also invited Chinese businesspeople to invest more in Indonesia. Two-way trade exceeded $US147.8 billion ($A227.5 billion) last year, growing by 6.1 per cent. Li said for nine consecutive years, China has been Indonesia's largest trading partner, and its Belt and Road co-operation program has seen substantive progress, including nickel smelting plants and Whoosh, the commercial service of Southeast Asia's first high-speed railway which has been operating since October 2023, carrying nearly 10 million passengers. Chinese Premier Li Qiang has met with Indonesia's President Prabowo Subianto to discuss ways to expand trade and investment during the US global trade war and as economic globalisation faces headwinds. Li arrived in Indonesia's capital, Jakarta, on Saturday for a three-day visit to Southeast Asia's largest economy. It was the first stop of his first overseas visit this year. Indonesia and China are member states of the Group 20 major developing countries and emerging economies and of BRICS. Li brought 60 Chinese prominent businesspeople for his address to the Indonesia-China Business Reception on Sunday evening. He emphasised in his remarks that China's economy has achieved rapid growth this year despite increasing external challenges. "The current international situation is a stalemate," Li said at the event which was also attended by Subianto, "Unilateralism and protectionism are on the rise, bullying behaviour is increasing." He called on all countries to seek common ground while resolving differences through dialogue and peaceful coexistence. Subianto expressed gratitude to the Chinese government and its companies "that have participated in our economy, created jobs, transferred technology and built trust among all businesses, especially in our homeland". He also invited Chinese businesspeople to invest more in Indonesia. Two-way trade exceeded $US147.8 billion ($A227.5 billion) last year, growing by 6.1 per cent. Li said for nine consecutive years, China has been Indonesia's largest trading partner, and its Belt and Road co-operation program has seen substantive progress, including nickel smelting plants and Whoosh, the commercial service of Southeast Asia's first high-speed railway which has been operating since October 2023, carrying nearly 10 million passengers. Chinese Premier Li Qiang has met with Indonesia's President Prabowo Subianto to discuss ways to expand trade and investment during the US global trade war and as economic globalisation faces headwinds. Li arrived in Indonesia's capital, Jakarta, on Saturday for a three-day visit to Southeast Asia's largest economy. It was the first stop of his first overseas visit this year. Indonesia and China are member states of the Group 20 major developing countries and emerging economies and of BRICS. Li brought 60 Chinese prominent businesspeople for his address to the Indonesia-China Business Reception on Sunday evening. He emphasised in his remarks that China's economy has achieved rapid growth this year despite increasing external challenges. "The current international situation is a stalemate," Li said at the event which was also attended by Subianto, "Unilateralism and protectionism are on the rise, bullying behaviour is increasing." He called on all countries to seek common ground while resolving differences through dialogue and peaceful coexistence. Subianto expressed gratitude to the Chinese government and its companies "that have participated in our economy, created jobs, transferred technology and built trust among all businesses, especially in our homeland". He also invited Chinese businesspeople to invest more in Indonesia. Two-way trade exceeded $US147.8 billion ($A227.5 billion) last year, growing by 6.1 per cent. Li said for nine consecutive years, China has been Indonesia's largest trading partner, and its Belt and Road co-operation program has seen substantive progress, including nickel smelting plants and Whoosh, the commercial service of Southeast Asia's first high-speed railway which has been operating since October 2023, carrying nearly 10 million passengers. Chinese Premier Li Qiang has met with Indonesia's President Prabowo Subianto to discuss ways to expand trade and investment during the US global trade war and as economic globalisation faces headwinds. Li arrived in Indonesia's capital, Jakarta, on Saturday for a three-day visit to Southeast Asia's largest economy. It was the first stop of his first overseas visit this year. Indonesia and China are member states of the Group 20 major developing countries and emerging economies and of BRICS. Li brought 60 Chinese prominent businesspeople for his address to the Indonesia-China Business Reception on Sunday evening. He emphasised in his remarks that China's economy has achieved rapid growth this year despite increasing external challenges. "The current international situation is a stalemate," Li said at the event which was also attended by Subianto, "Unilateralism and protectionism are on the rise, bullying behaviour is increasing." He called on all countries to seek common ground while resolving differences through dialogue and peaceful coexistence. Subianto expressed gratitude to the Chinese government and its companies "that have participated in our economy, created jobs, transferred technology and built trust among all businesses, especially in our homeland". He also invited Chinese businesspeople to invest more in Indonesia. Two-way trade exceeded $US147.8 billion ($A227.5 billion) last year, growing by 6.1 per cent. Li said for nine consecutive years, China has been Indonesia's largest trading partner, and its Belt and Road co-operation program has seen substantive progress, including nickel smelting plants and Whoosh, the commercial service of Southeast Asia's first high-speed railway which has been operating since October 2023, carrying nearly 10 million passengers.
