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2020 China International Textile Machinery Exhibition and ITMA Asia exhibition will be postponed to June next year

In 2020, a novel coronavirus pneumonia outbreak forced global economic activity to press the “pause button”. Although China’s prevention and control situation has been further consolidated, the global outbreak and spread of the epidemic has made the international prevention and control situation more severe and complex.

China International Textile Machinery Exhibition and ITMA Asia always put the safety and interests of all exhibitors and visitors first. As a global textile machinery industry event with the highest degree of internationalization, the preparatory period of the joint exhibition is long. Considering a series of issues such as the international transportation cycle of overseas exhibitors’ exhibits, the opening of borders between countries and the mutual recognition of certificates, the organizer decided to hold the “2020 China International Textile Machinery Exhibition and ITMA” originally scheduled for October 15-19, 2020 The “Asia Exhibition” was postponed to June 12-16, 2021 in the National Convention and Exhibition Center (Shanghai).
As an international business platform of global industry, the recruitment of 2020 textile machinery joint exhibition was successfully completed at the end of March, and the registered area has exceeded the scheduled scale of the exhibition. But under the epidemic situation, despite the gradual restoration of domestic production and living order, international trade still faces huge risks and challenges.

At the same time, this year’s global economy has also been impacted by the epidemic. Based on the full study and judgment of the global economic trend and business environment, and combined with the IMF’s recent forecast of the global economic recovery growth in 2021 and the accelerated recovery of China’s economy, the organizer finally chooses the period of June 2021, hoping that exhibitors can make full use of this buffer period to cultivate their internal skills and bring more forward-looking new products Technology, new concepts; professional visitors can fully understand their own demands in a clearer and more comprehensive way during this period; meanwhile, the organizer will make every effort to promote the delayed services and guarantee work. For the enterprises applying for registration during the extension period, the organizer will open a waiting list, and increase the exhibition area as necessary to meet the exhibition demand of more enterprises, so as to ensure that the joint exhibition of textile machinery will help boost the industry market when the economy recovers next year.

It is believed that through multi-faceted energy storage, in June 2021, the textile machinery joint exhibition will bring more new equipment and new technology to the world in combination with the industry innovation concept and industrial application. When the global textile industry comes together again, it can not only experience the technical interpretation of “intelligent manufacturing”, but also feel the outbreak of dormant market demand. China International Textile Machinery Exhibition and ITMA Asia exhibition will continue to build a safe and more effective exhibition platform for the global textile industry, and press the “acceleration key” for the recovery and recovery of the global textile industry.

New year is coming, are you ready for 2019?

AFRICA AND CHINESE ARE FRIENDS

97% of Africa’s 33 least developed countries enjoy zero tariffs on Chinese products.

On the 28th Aguust, the China Office held a briefing on the economic and trade work of the Beijing summit of China Africa Cooperation Forum. At the meeting, Vice Minister of Commerce Qian Keming said that among the 33 least developed countries in Africa, 97% of their exports to China enjoy zero tariff. China will continue to open its markets to Africa, including hosting China’s International Import Exposition, which provides free booths for many of the least developed countries in Africa.

A reporter asked that in recent years, ChinaAfrican trade has maintained a relatively rapid growth, but the imbalance of trade is still relatively prominent. What measures will China take to expand African-China Trade and improve trade imbalance?

Generally speaking, trade between China and Africa is balanced. In the past 18 years from 2000 to 2017, China has a surplus in 8 years and a deficit in 10 years. Of course, different countries are not the same. Some African countries export more to China than we export to it. It is a surplus, and some are in deficit. Therefore, the overall situation is more balanced and healthy. Of course, there are differences between countries.

Qian Keming said that China has also taken many measures to expand its imports from Africa. For example, China has 33 least developed countries among the countries that have established diplomatic relations with Africa. 97% of its products exported to China enjoy zero tariff. In addition, China has organized a number of trade promotion delegations to Africa for procurement, held several special promotional meetings and comprehensive exhibitions to help African countries export their products to China, including Beijing, Guangzhou and Shanghai. In addition, China has also strengthened its cooperation with African Customs to help African countries improve their customs clearance efficiency and promote their exports.

Data show that China’s imports from Africa in 2017 were about $75.3 billion, up 33% year-on-year, higher than the 17% increase in foreign trade imports. Among them, the import of fruit, seafood, coffee, cotton increased faster, such as fruit growth of nearly 80%, coffee growth of about 40%.

Qian Keming disclosed that China will continue to open its markets to Africa, including hosting China International Import Exposition. China has provided free booths to many of the least developed countries in Africa. The first China

International Import Exposition has aroused great international repercussions. It can be said that one ticket is hard to get. One booth is very precious and there are many. All countries do their work and try to win more booths, but China keeps these booths and provides them to the least developed countries in Africa free of charge, exhibiting their products and letting their products come into China. In addition, China has helped African countries to accelerate industrialization, encourage Chinese enterprises to invest in Africa and increase their export capacity. Personnel training is also conducted, including customs officers and trade promotion personnel. To help African countries improve customs infrastructure and enhance export capacity.

India has retaliated tariff on American goods

As a result of the U.S. tax on steel and aluminum, India is ready to carry out counter measures to some of the imported products from the United States from the 4, and that is, from today’s announced plan.

In March, the US government, on the basis of “national security”, announced that it would impose 25% and 10% tariffs on imported steel and aluminum products, and that the total amount of India will be expropriation of $165 million, or about 1 billion 127 million yuan.

In late June, the Indian government launched a counter-measure to impose tariffs on a variety of U.S. agricultural products, steel products and iron ore from August 4. American farm products affected by the measure include apples, almonds, walnuts, chickpeas and so on. Chickpeas will be subject to up to 60% tariffs.

The United States wantonly undermines international trade rules. This trade hegemony threatens the foundations of the multilateral trading system. India experts criticize the US trade policy and say India should seek new countermeasures to counteract this effect.

Ro Kumar, a professor of economics at the Tata Academy of Social Sciences in India: now, the United States is the largest trading partner in India. In the future, India should increase trade with other countries to reduce this dependence. I have always believed that China and India have great potential to increase trade volume.

Kulkarni, President of the Mumbai international observer foundation, India: the United States should not impose its own rules of trade on other countries, especially if the rules are only beneficial to the United States and cause losses to other countries. In today’s economic globalization, this practice is totally wrong. India, China and other developing countries should unite to oppose the unilateralism and protectionism of the United States and strive to establish a new world economic order based on a fair, fair, mutually beneficial and win-win basis.

The United States adds 200 billion US dollars on Chinese product tariffs, including clothing and textiles.

In July 10th, the US government issued a list of tariffs on China plus 10% tariffs on China’s $200 billion product. Trump has recently threatened to aggravate the trade war with China.

Robert Lighthizer, US trade representative, said: “we are considering tariffs on China’s $200 billion product, which just makes the Sino US trade balance.” The tariff will not take effect immediately, but it will take a two month review process at the hearing in from August 20th to 23rd.

The official said the official said the tariff was mainly aimed at some of the products made from China’s 2025 plan, including chemicals, textiles, food, clothing and handbags, electronic products, metal products and soda products. The protective products industry will also be affected, including shampoo and cosmetics. When making tariff lists, the US trade representative mainly considered some products that might interfere with China’s economy.

Lighthizer said the US government has clearly expressed concern about the trade deficit between China and the United States, but China has not responded. “Over the past year, Trump has been patiently urging China to stop unfair trade practices, open markets and fair market competition,” he said. But China not only does not seriously handle our legitimate concerns, but also implements retaliatory tariffs on us products.
Trump warned that if China retaliated against US $34 billion in July 6th, he could impose tariffs on at least 500 billion US dollars in China.

Despite the threat of Trump, China imposed retaliatory tariffs on the United States shortly after the $34 billion tariff came into effect. Trump has repeatedly threatened to aggravate the trade war with China. The Sino US trade war has also disrupted the global financial market order, including stocks, currencies and trade in commodities from soybeans to coal.
Trump’s duty to levy tariffs on China and the European Union, Canada and Mexico has been condemned by foreign and domestic trade friendly legislators. Some countries have announced retaliatory tariffs and other measures against the United States, and American industrial companies have said trade wars have forced them to postpone expansion and overseas investment plans.

The exchange rate of RMB on the shore rose more than 100 points against the dollar.

In July 9th, the offshore RMB exchange rate rose to more than 100 points against the US dollar. Meanwhile, the offshore RMB exchange rate rose nearly 200 points and was around 6.64. As of 9:35, the offshore and offshore RMB exchange rates were 6.6347, 6.6420 respectively.

On the same day, the central parity of RMB against the US dollar was depreciated by 57 basis points, 6.6393, and two days in a row.

People’s Bank of China senior research fellow should say that the renminbi is approaching the relative equilibrium level, and the future is more inclined to wide band two-way fluctuation rather than unilateral depreciation. Once the US dollar index weakens, the renminbi will resume its appreciation.

Dragon Boat Festival in China

Dragon Boat Festival in China

The Dragon Boat Festival (Duanwu Festival, Duānwǔ Jié, Double Fifth, Tuen Ng Jit) is a traditional holiday that commemorates the life and death of the famous Chinese scholar Qu Yuan (Chu Yuan). The festival occurs on the fifth day of the fifth month on the Chinese lunisolar calendar.

What Do People Do?

The Dragon Boat Festival is a celebration where many eat rice dumplings (zongzi), drink realgar wine (xionghuangjiu), and race dragon boats. Other activities include hanging icons of Zhong Kui (a mythic guardian figure), hanging mugwort and calamus, taking long walks, writing spells and wearing perfumed medicine bags.

All of these activities and games such as making an egg stand at noon were regarded by the ancients as an effective way of preventing disease, evil, while promoting good health and well-being. People sometimes wear talismans to fend off evil spirits or they may hang the picture of Zhong Kui, a guardian against evil spirits, on the door of their homes.

In the Republic of China, the festival was also celebrated as “Poets’ Day” in honor of Qu Yuan, who is known as China’s first poet. Chinese citizens traditionally throw bamboo leaves filled with cooked rice into the water and it is also customary to eat tzungtzu and rice dumplings.

Public Life

The festival was long marked as a cultural holiday in China. However, it wasn’t until 2008 that the Dragon Boat Festival was recognized as a traditional and statutory public holiday in the People’s Republic of China.

Background

Many believe that the Dragon Boat Festival originated in ancient China based on the suicide of the poet and statesman of the Chu kingdom, Qu Yuan in 278 BCE.

The festival commemorates the life and death of the famous Chinese scholar Qu Yuan, who was a loyal minister of the King of Chu in the third century BCE. Qu Yuan’s wisdom and intellectual ways antagonized other court officials, thus they accused him of false charges of conspiracy and was exiled by the king. During his exile, Qu Yuan composed many poems to express his anger and sorrow towards his sovereign and people.

Qu Yuan drowned himself by attaching a heavy stone to his chest and jumping into the Miluo River in 278 BCE at the age of 61. The people of Chu tried to save him believing that Qu Yuan was an honorable man; they searched desperately in their boats looking for Qu Yuan but were unable to save him. Every year the Dragon Boat Festival is celebrated to commemorate this attempt at rescuing Qu Yuan.

The local people began the tradition of throwing sacrificial cooked rice into the river for Qu Yuan, while others believed that the rice would prevent the fishes in the river from eating Qu Yuan’s body. At first, the locals decided to make zongzi in hopes that it would sink into the river and reach Qu Yuan’s body. However, the tradition of wrapping the rice in bamboo leaves to make zongzi began the following year.

Symbols

A dragon boat is a human-powered boat or paddle boat that is traditionally made of teak wood to various designs and sizes. They usually have brightly decorated designs that range anywhere from 40 to 100 feet in length, with the front end shaped like open-mouthed dragons, and the back end with a scaly tail. The boat can have up to 80 rowers to power the boat, depending on the length. A sacred ceremony is performed before any competition in order to “bring the boat to life” by painting the eyes. The first team to grab a flag at the end of the course wins the race.

The zong zi is a glutinous rice ball with a filling and wrapped in corn leaves. The fillings can be egg, beans, dates, fruits, sweet potato, walnuts, mushrooms, meat, or a combination of them. They are generally steamed.

It is said that if you can balance a raw egg on its end at exactly noon on Double Fifth Day, the rest of the year will be lucky.

The hanging of calamus and moxa on the front door, the pasting up pictures of Chung Kuei, drinking hsiung huang wine and holding fragrant sachets are said to possess qualities for preventing evil and bringing peace. Another custom practiced in Taiwan is “fetching noon water,” in which people draw well water on the afternoon of the festival in the belief that it will cure all illnesses.

The Ministry of foreign affairs responded to the White House statement: changing the face is a loss to the credibility of the country


It is reported that the US White House issued a statement on 29 days that the US side will publish a list of China’s major industrial and technical products of US $50 billion by June 15th and will impose a 25% tariff on it. At the regular press conference of the Ministry of foreign affairs in May 30th, a reporter asked China for further comment on the matter.

 

Foreign Ministry spokesman Hua Chunying said that the spokesman of China’s Ministry of Commerce had responded to this question last night. I think everyone’s feeling is the same. In international relations, every change of face and rejection is another loss and waste to the credibility of our country. The US side’s statement is obviously contrary to the consensus reached recently between China and the United States in Washington. We urge the US dialect and trust to follow the Chinese side according to the spirit of the joint declaration.

Hua Chunying said that China has always advocated that the economic and trade differences should be handled and solved in a constructive manner through an equal dialogue and consultations and in a constructive way. This is in line with the fundamental interests of the two countries and the people of the two countries, as well as the common expectation of the international community. “In other words, China does not want to fight, but it is not afraid of a trade war. The soldiers will come to block the water. If the United States persists in its willfulness and rash conduct, China will take resolute and effective measures to safeguard its legitimate interests.