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China to continue efforts for stable foreign trade, more foreign capital in 2020

China to continue efforts for stable foreign trade, more foreign capital in 2020

Beijing — Cross-border e-commerce pilot zones, negative list for foreign investment. In the new year, China will continue efforts in multiple fields to push for high-quality foreign trade development and
expand use of foreign investment, according to related Chinese officials.

China will further optimize the international market layout, commodity structure and modes of trade, consolidate traditional markets and expand emerging markets in 2020, said Li Xingqian, head of the Department of Foreign Trade with MOC, at a recently-held media briefing.

Efforts will also be made to cultivate new foreign trade business and import trade promotion innovation demonstration zones and upgrade processing trade, so as to build an open economy at a higher level and maintain steady foreign trade growth, he noted.

Besides, in December 30, the Customs Tariff Commission of the State Council released the 2020 version import and export tariff schedule which has been effective on January 1, 2020, to maintain transparency on tariff policy, continuously optimize the business environment and foster high-quality
trade development.

In 2019, thanks to favorable policies, China has reaped fruitful results in foreign trade development. Customs data showed that China’s foreign trade expanded 2.4% year on year to 28.5 trillion yuan from January to November, 2019.

Li noted that China’s foreign trade in the whole year of 2019 is likely to continue to top 30 trillion yuan (around US$4.26 trillion) and set a new record.

China’s export grows at a rate higher than that of the world’s major economies as a whole, and meanwhile, the quality of foreign trade continues to improve as the international market layout has become more rational and exports of high-tech, high-quality, and high-value-added products have grown rapidly, said Li. (Belt &Road Weekly Vol.5 No.1)


 

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Following reverse listing, public can now acquire shareholding in Paratus Namibia

Promotion

20 February 2020, Windhoek, Namibia: Paratus Namibia Holdings (PNH) was founded as Nimbus Infrastructure Limited (“Nimbus”), Namibia’s first Capital Pool Company listed on the Namibian Stock Exchange (“NSX”).

Although targeting an initial capital raising of N$300 million, Nimbus nonetheless managed to secure funding to the value of N$98 million through its CPC listing. With a mandate to invest in ICT infrastructure in sub-Sahara Africa, it concluded management agreements with financial partner Cirrus and technology partner, Paratus Telecommunications (Pty) Ltd (“Paratus Namibia”).

Paratus Namibia Managing Director, Andrew Hall

Its first investment was placed in Paratus Namibia, a fully licensed communications operator in Namibia under regulation of the Communications Regulatory Authority of Namibia (CRAN). Nimbus has since been able to increase its capital asset base to close to N$500 million over the past two years.

In order to streamline further investment and to avoid duplicating potential ICT projects in the market between Nimbus and Paratus Namibia, it was decided to consolidate the operations.

Publishing various circulars to shareholders, Nimbus took up a 100% shareholding stake in Paratus Namibia in 2019 and proceeded to apply to have its name changed to Paratus Namibia Holdings with a consolidated board structure to ensure streamlined operations between the capital holdings and the operational arm of the business.

This transaction was approved by the Competitions Commission as well as CRAN, following all the relevant regulatory approvals as well as the necessary requirements in terms of corporate governance structures.

Paratus Namibia has evolved as a fully comprehensive communications operator in Namibia and operates as the head office of the Paratus Group in Africa. Paratus has established a pan-African footprint with operations in six African countries, being: Angola, Botswana, Mozambique, Namibia, South Africa and Zambia.

The group has achieved many successes over the years of which more recently includes the building of the Trans-Kalahari Fibre (TKF) project, which connects from the West Africa Cable System (WACS) eastward through Namibia to Botswana and onward to Johannesburg. The TKF also extends northward through Zambia to connect to Dar es Salaam in Tanzania, which made Paratus the first operator to connect the west and east coast of Africa under one Autonomous System Number (ASN).

This means that Paratus is now “exporting” internet capacity to landlocked countries such as Zambia, Botswana, the DRC with more countries to be targeted, and through its extensive African network, Paratus is well-positioned to expand the network even further into emerging ICT territories.

PNH as a fully-listed entity on the NSX, is therefore now the 100% shareholder of Paratus Namibia thereby becoming a public company. PNH is ready to invest in the future of the ICT environment in Namibia. The public is therefore invited and welcome to acquire shares in Paratus Namibia Holdings by speaking to a local stockbroker registered with the NSX. The future is bright, and the opportunities are endless.