Economy >International Economic Cooperation
WCIF
WCIF (Western China International Fair) is an annual international event co-sponsored by the western region of China, and also an important diplomatic, commercial, and investment platform. It plays a significant role in promoting cooperation between the western provinces, between them and other parts of the country, and between China and the rest of the world. It was begun in 2000 and has been held annually in Chengdu of Sichuan province.
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China is world’s largest industrial robot market

Although China lags behind neighbors South Korea and Japan in automation on a per capita basis, things could change as Chinese authorities claimed Sunday China is now the world’s largest industrial robot market with over 30 robot factories under construction. “Robotics and the Internet will transform global manufacturing, and China is entering a golden decade for the development of domestically produced robots,” said Qu Daokui, deputy director of the State Engineering Research Center for Robotics in Shanghai on Sunday. The past decade has seen the cost of robot production decrease by 5 per cent annually, while labor cost has been growing by 10 per cent year on year, according to Qu. “Though large in quantity, China has a low robot density with 23 units for every 10,000 workers, compared to the world average of 58 units,” he said. “Only a quarter of the robots in the Chinese market are domestically made and the three core parts and components of domestic robots have long relied on imports.” There were about 420 robot enterprises in China as of September and more than 30 factories under construction, Qu said. Robotics will promote the transformation and upgrading of China’s work force, and companies will face new challenges such as employing and training staff and transforming production technology and management, he added. China’s labour wages are set to increase by 10 per cent or more in 2014, driving more low-cost manufacturers out of the country. Beijing’s embrace of higher wages to help bolster consumer spending is expected to spark a jump in factories using automation and robots. A recent report by the International Federation of Robotics says China became the biggest robot market with a share of 20 per cent of the total supply in 2013. About 70 per cent of the total robot sales in 2013 were in Japan, China, the United States, Korea and Germany. “36,560 industrial robots were sold in 2013 in China. Thereof, Chinese robot suppliers installed about 9,000 units according to the information from the China Robot Industry Alliance (CRIA). Foreign robot suppliers increased their sales by 20% in China. Between 2008 and 2013, total supply of industrial robots increased by about 36% per year on average in China,” says the report.

Chengdu Consolidates Its Position as the Leading City in Western China

CHENGDU, China, Nov. 29, 2016 /PRNewswire/ The 16th Western China International Fair (WCIF) washeld in Chengdu, Sichuan province, China from November 3-14. Chengdu, a fast growing metropolis in western China, is again drawing wide attention globally. The city will play a wider, deeper and more dynamic role on the world stage, as it continues its evolution in becoming one of China's leading cities. The event's tagline "Western China,Opportunities for the World" accurately reflects Chengdu's ascendance as a city of increasing importance, not only in China, but also globally. At present, Chengdu is home to 278 of the Fortune Global 500 companies, including 201 foreign businesses that have chosen Chengdu as a base for their Chinese operations. Chengdu is also the selected location within China for more than 6,650 foreign-invested companies. In 2015 alone, Chengdu benefited from US$10 billion in foreign direct investment (FDI). In the first nine months of 2016, the city's government signed deals for224 major projects (including existing projects that needed additional capital), representing a total investment valued at 242.9 billion yuan(approx. US$36.8 billion). The investment included 18 large-scale projects where the funding in each individually exceeded 3 billion yuan. With its unique set of characteristics, Chengdu has become a popular investment destination and an ideal business venue for investors worldwide. Chengdu played host to an increasing number of major events of global importance, including the WCIF, the 22nd World Route Development Forum, the third G20 Finance Ministersand Central Bank Governors Meeting, 2016 China (Chengdu) Global Innovation and Entrepreneurship Fair, 2015 Airport Cities Asia Pacific Conference & Exhibition, the12th World Chinese Entrepreneurs Convention and 2013Fortune GlobalForum. The long list of international events that chose Chengdu as the venue demonstrates the level to which the city has become an attractive location for an event or for the home of one's business in China. As of November 15, the city had hosted 505 large conferences and exhibitions so far for the year, including 122 international events, achieving 97.1 per cent of its annual target. The aggregate exhibition area reached 3.183 million square meters, up 10.7 per cent year on year and fulfilling 96.5 per cent of its annual target. Total revenue from the conference and exhibition industry stood at 71,210 million yuan, up 12.8 per cent year on year and achieving 91.4 per cent of its annual target. Direct revenue totaled 8,210 million yuan, up 12.7 per cent year on year and meeting 90.7 per cent of its annual target, while overall revenue reached 69,710 million yuan, up 12.8 per cent year on year and meeting 91.5 per cent of its annual target. The number of visitors tallied at 87.8 million, up 3 per cent year on year, while 4,430 temporary jobs were created, up 10.7 per cent year on year. Chengduis evolving into one of China's leading cities, becoming not only a regional economic hub, but also a center for science and technology, cultural creativity, foreign contact and all modes of transportation in westernChina. Looking forward, the city expects to play an increasingly important role in global resource integration and competition as well as in global city rankings and as an industrial ecosystem. All signs point to Chengdubecoming one of the leading Chinese cities in terms of comprehensive strength and economic power.

Xi Jinping Meets with Chancellor Angela Merkel of Germany

On October 29, 2015, President Xi Jinping met at Diaoyutai State Guesthouse with Chancellor Angela Merkel of Germany. Both sides spoke positively of China-Germany relations, and agreed to further intensify bilateral practical cooperation in various fields, and maintain a healthy, stable and constant development of China-Germany all-round strategic partnership. Xi Jinping welcomed Angela Merkel for her eighth visit to China since she took office as German Chancellor, noting that the close exchanges between Chinese and German leaders revealed the high-level development of bilateral relations. China-Germany relations not only bear on the well-being of the two peoples, but also impact the China-EU cooperation and the global economic development at large. The development of bilateral all-round strategic partnership should not only base on bilateral scope, but also expand its horizons to China-EU relations, Asia-Europe relations and the whole international relationship. Both sides should consolidate political mutual trust, respect each other's development path, understand and take care of each other's core interests and major concerns and maintain the momentum of close exchanges at all levels. Positive results have been yielded from the Action Outline for China-Germany Cooperation. Both countries should further tap cooperation potential, forge more cooperation growth points and push for new and constant progress in bilateral cooperation in finance, urbanization, agriculture, electric vehicles, energy conservation and environmental protection, intelligent manufacturing, internetization of production and other fields. China welcomes Germany to take part in the development of China's central and western areas and the process of revitalizing the old industrial bases in northeast China, and to be the guest of honor at the Western China International Fair (WCIF) in 2016. China and Germany enjoy broad cooperation space in a number of sectors including culture, education, sports, health care and medical treatment, social welfare and disability cause. China supports the Year of China-Germany Youth Exchange to be held by the two countries next year. Xi Jinping pointed out that China-Germany relations and China-EU relations complement each other. China is willing to, together with EU organizations and all its member states, carry out all-round cooperation to forge the China-EU four major partnerships featuring peace, growth, reform and civilization. China and the EU have reached consensus in building connectivity platforms, promoting facilitation of personnel exchanges and accelerating the negotiations on China-EU Investment Agreement. It is hoped that Germany could play a positive role in pushing forward these initiatives. China appreciates Germany's active support and participation in the initiatives of the "Belt and Road" and the Asian Infrastructure Investment Bank (AIIB), and is ready to enhance cooperation with Germany within the G20. Angela Merkel said that recent years witnessed a high-quality development of Germany-China relations. Both sides enjoy close exchanges at all levels and constantly deepened exchanges and cooperation in such areas as politics, economy as well as people-to-people and cultural engagement. Under the new circumstances, Germany is ready to deepen practical cooperation with China in economy, trade, industry and finance and take an active part in the construction of the "Belt and Road" and the AIIB. Germany and China share a number of common interests and huge cooperation potential in international affairs, and therefore both sides should enhance coordination and join efforts to address relevant global issues and safeguard international and regional security and stability. Germany supports China to join the European Bank for Reconstruction and Development, backs the RMB's incorporation into Special Drawing Rights (SDR) basket of currencies of the International Monetary Fund (IMF), and supports the implementation of the IMF quota reform. Germany will cooperate with China to ensure the success of the G20 summit to be held next year. Angela Merkel briefed on the current EU situation, how to address the refugee issue, the debt crisis and other issues, and extended gratitude to China's support. Xi Jinping noted that developing relations with the EU has always been a priority in China's diplomacy. China firmly supports the European integration process and wants to see a prosperous and united EU. China is willing to work with the EU to continuously push forward practical cooperation in all fields and enhance coordination in macro-economic policies. Both sides also exchanged views on major international and regional topics of common interests.

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1 Western China International Fair will be held in Chengdu, China starting on 03rd Nov, 2016. This Trade Show is a 12 day event and will end on 14th November

2 In Chengdu, China, PR, the trade show WCIF - Western China International Fair is held in Century City New International Convention & Exhibition Centre.

3 Western China International Fair (WCIF) originated from China Western Development under the approval of the Chinese State Council, is co-hosted by 16 ministries and commissions including National Development and Reform Commission and Ministry of Commence as well as 12 provinces (regions and municipalities) in western China.