icts appear to have a religious or ethnic basis, some scholars believe their root cause may be economic, with ethnic divisio
s serving as a way to exclude other groups from access to scarce resources and opportunities. Whatever its so
urce, inequality of opportunity has a highly disruptive effect on governance and hence growth.
But these obstacles are not insurmountable. For one th
ing, developing countries now have huge potential export markets in middle-inc
ome countries, and no longer depend entirely on advanced economies for access to global markets.
There is also a renewed awareness of the importance of infrastructure in e
nabling growth. In addition to roads, railways and ports, electricity and digital conn
ectivity are crucial. In this regard, the rapid expansion of cellular wireless technology, combined with the install
ation of high-capacity undersea broadband pipes around Africa, represents major prog
ith so many applications in different parts of industry and the economy, and we want agreements, project by project.”
Raffarin was appointed special envoy on China affairs by French President Emmanuel Mac
ron. He pointed out that it is not pragmatic to have an agreement about every industrial sector, because, as sovereig
n states, both countries need to protect the interests of their own businesses and industries.
“It’s easier to go project by project, and, after some experience, we can add a larger vision,” Raffarin said.
His comments came after Italy signed a BRI memorandum of understanding with China during
Xi’s visit to Rome last week to become the first G7 country to join the global infrastructure plan.
According to China’s Ministry of Commerce, from January to November 2018, China’s direct investment in France reached $330 mil
lion. China’s growing investment in Europe has prompted concerns in the West, which Raffarin thinks are misplaced.
llati said, noting that the Italian and Chinese peoples have always trusted each other and
maintained profound friendship, with close ties in such fields as economy and trade, and culture.
The Senate speaker said she agrees with Xi on his remarks about the traditional friendly exchanges between the two cou
ntries dating back over 2,000 years, published in leading Italian newspaper Corriere della Sera ahead of his visit.
China and Italy are major countries that boast a rich culture, she said, adding that Italy is willing to boost communication and c
ooperation with the Chinese side in such fields as culture, art, language, heritage protection, tourism, science and tec
hnology, and innovation, and encourage their youths to increase exchanges and mutual understanding.
year. We must build a presence there.”In the fourth quarter of 2018, Oppo outcompeted Samsung to
become the largest smartphone vendor in Thailand with a market share of 22.2 percent, gro
wing about 70 percent year-on-year, according to the market research company Canalys.
Its products and services are also well received in other South Asian and Sout
heast Asian countries, including India, and African countries such as Kenya.
In 2018, Oppo shipped 113 million units of smartphones wor
ldwide, garnering a global market share of more than 8 percent, according to IDC data.
Other Chinese smartphone makers, including Huawei, Xiaomi and Vivo, are also looking beyon
d their home turf for growth. In this context, Oppo believes it has an edge over others as it first started its i
nternational journey as early as in 2009 in Thailand, much before others jumped on the going-global bandwagon.
mote the reform and opening-up. There are many things in the pipeline for foreign direct i
nvestment. The government plans to allow many companies in different kinds of sectors. In this
upcoming session, the new law regarding foreign direct investment will be discussed. I believe more Sudanese co
mpanies will be allowed to come to China and more Chinese companies will go to Sudan.
I noticed many important things mentioned in today’s report. It talk
s about employment, the protection of the environment, the opening-up of the Chin
ese economy and external trade, which are very impressive. As an ambassador, I wish success to the Chin
ese government in the coming year and I’d like to see more Chinese investors invest in Tunisia.
When it comes to the opening-up of the financial sector, the bond mark
et, the development of multi-tier capital market, the continued emphasis on controlling lev
erage, I think those are some of the issues that we are very interested in. And we are going to study the report.
We haven’t seen the final version of the Foreign Investment Law yet. We
will look at it. But further opening up, especially related to service sector, is very imp
ortant. I think it will bring big benefits for China and big benefits to all the countries in the world.