
12th China-LAC Business Summit held in Hengqin
The 12th China-LAC Business Summit was held at the Zhuhai International Convention & Exhibition Center in Shizimen Central Business District from 1 to 3 November.
In last week’s Hengqin Record, Alex Kocsis noted the “Three Critical Battles” among the Chinese government’s nine policy priorities in 2018, all of which impact considerably on Hengqin. This week he explains exactly what the “Three Critical Battles” refers to:
Hengqin Record: What are the Three Critical Battles?
Alex Kocsis: Xi Jinping has very clearly signaled that the Three Critical Battles are the top policy priorities for 2018. They are:
Progress on these three fronts will dominate official life in 2018. Policymakers across the system will be under pressure to demonstrate progress on all three initiatives.
Why these three areas? In his 24 January 2018 speech at the World Economic Forum in Davos, Vice Premier Liu He described the reason that these three areas were chosen:
“The Three Critical Battles are all about mending the most pronounced deficiencies in our development, and ensuring that we comprehensively build a moderately prosperous society,” he said.
Xi has promised to build a moderately prosperous society by 2021. This is how the Three Critical Battles fit in to that plan:
So what are the goals? The March 2018 Government Work Report defined the specific targets for the Three Critical Battles.
At the core of financial de-risking is slowing the pace of debt accumulation. Officials refer to this as “controlling the macro leverage ratio.” The financial “regulatory storm” succeeded in slowing the pace of debt accumulation in 2017. Expect the storm to keep raging in 2018.
The 12th China-LAC Business Summit was held at the Zhuhai International Convention & Exhibition Center in Shizimen Central Business District from 1 to 3 November.
Guangdong-Macau Cooperative Development Fund Management Co. will invest RMB2 billion to ensure completion of Hengqin Science City Phase I by 2021 and the inception of Phase II.
Trial operations of the submerged Hengqin Tunnel – Zhuhai’s first underwater passageway and the first sea-area composite large-diameter shield tunnel in China – commenced on 1 November.
On 23 October, Chinese President Xi Jinping announced the opening of the Hong Kong-Zhuhai-Macau Bridge at an opening ceremony in Zhuhai.
Chinese President Xi Jinping visited Hengqin’s GMTCM Park last Monday 22 October
Covering the 41st to 72nd floors of the 330-meter Zhuhai Tower, the luxury hotel features a signature butler service and world class dining.
Australia’s Ashleigh Barty achieved the biggest win of the year after taking out the 2018 WTA Elite Trophy Zhuhai at Hengqin International Tennis Center on Sunday.
The 12th China-LAC Business Summit was held at the Zhuhai International Convention & Exhibition Center in Shizimen Central Business District from 1 to 3 November.
Guangdong-Macau Cooperative Development Fund Management Co. will invest RMB2 billion to ensure completion of Hengqin Science City Phase I by 2021 and the inception of Phase II.
Trial operations of the submerged Hengqin Tunnel – Zhuhai’s first underwater passageway and the first sea-area composite large-diameter shield tunnel in China – commenced on 1 November.
The 2018 Hengqin-Macau Youth Entrepreneurship Training Camp held its opening ceremony on 26 October in Inno Valley HQ in Hengqin.
On 23 October, Chinese President Xi Jinping announced the opening of the Hong Kong-Zhuhai-Macau Bridge at an opening ceremony in Zhuhai.