News
China’s trade in services moves onto fast lane of development
By Qiu Haifeng
China’s services trade has maintained fast growth. Data from the country’s Ministry of Commerce (MOFCOM) showed that China’s imports and exports of services totaled over 1.45 trillion yuan ($214.6 billion) in the first quarter of 2022, rising 25.8 percent year on year.
Its exports of services grew 30.8 percent to 713.98 billion yuan and imports of services reached 743.01 billion yuan with a year-on-year increase of 21.3 percent. The growth of services exports outpaced import growth by 9.5 percentage points, resulting in a 56.4-percent drop in the country’s services trade deficit to 29.03 billion yuan from the same period last year.
Zhao Zhonghui, director of the translation center of BERIS Engineering and Research Corporation in Qingdao city, east China’s Shandong province, has been busy dubbing a program of Shandong TV into Lao with her colleagues.
“This is a new service export project we launched this year. We’ve so far finished translating the Chinese subtitles into Lao, English and Romanian, and basically accomplished the dubbing work,” said Zhao, adding that the program will be aired on Lao National Television and Romanian public television TVR in a few days.
According to Zhao, the company completed the multilingual dubbing and subtitle translation of more than 10,000 standard episodes of TV programs in 2021. The programs it exported last year, which were 450,000 minutes in total length, have been broadcast on TV stations and online video platforms in 195 countries and regions and received over 10 billion hits globally, bringing the company an export value of several billion yuan.
During the rapid development of trade in services, knowledge-intensive service industry, as a key field, made remarkable progress and showed stronger export competitiveness, noted Zhang Jianping, head of the Center for Regional Economic Cooperation under the Chinese Academy of International Trade and Economic Cooperation.
China’s trade in knowledge-intensive services climbed 14.1 percent to 615.66 billion yuan in the first quarter of the year, according to an official with the Department of Trade in Services and Commercial Services of the MOFCOM.
Knowledge-intensive services exports expanded 16.3 percent to 350.06 billion yuan, among which exports of such fields as telecommunications, computer and information services, other business services, as well as intellectual property royalties registered fast growth, rising 22.1 percent, 14.6 percent and 11.2 percent, respectively.
Imports of knowledge-intensive services grew 11.4 percent to 265.6 billion yuan during the period.
The sound performance of China’s trade in services is attributed to Chinese enterprises’ increasing competitiveness and the government’s policies and measures.
On August 26, 2021, China officially began to implement a negative list for cross-border trade in services in the southern island province of Hainan. The introduction and implementation of the negative list represented a major breakthrough in the management model of trade in services and signaled further opening-up in cross-border trade in services.
An MOFCOM official recently disclosed that the country plans to formulate a negative list for cross-border trade in services that is applicable to all of its 21 pilot free trade zones (FTZs) this year, and will promote the introduction of a national negative list for cross-border services trade in due course.
In March, the general office of the MOFCOM issued a circular on making good use of the guidance funds for the innovative development of services trade to support the development of new trade forms and models, encouraging leveraging new ways of financing to stimulate new trade forms and models.
The MOFCOM and six other government departments lately approved a new batch of 40 specialized bases for featured services export. China is now home to 112 bases for featured services export, which cover seven fields including culture, traditional Chinese medicine, digital services, human resources, geographic information, intellectual property and language services.
The 2022 China International Fair for Trade in Services (CIFTIS), which is scheduled to be held both online and offline in September, will focus on trends in services trade, highlight digitalization and green development, and add a thematic exhibition of environment services.
Six kinds of activities will be held during this year’s CIFTIS, including the Global Trade in Services Summit, exhibition, conference and forum, promotion and negotiation, achievement release as well as supporting activities.
The exhibition will cover an area of no less than 126,000 square meters, and over 100 conferences, forums, promotion and negotiation activities will be held.
As an important part of international trade and a major field of international economic and trade cooperation, services trade plays a key role in building a new development pattern.
Last year, the value added of China’s service sector accounted for 53.3 percent of the country’s GDP, and the country’s total trade in services reached 5.3 trillion yuan, ranking second in the world for eight consecutive years.
On the whole, China’s trade in services is characterized by constantly expanding scale, steadily increasing added value and continuously growing competitiveness, and still has huge potential for growth and great market opportunities.
News
“Nigeria’s Biggest Ever Coalition, Civil Groups, Professionals, Labour, Artisans, Declare for Bola Tinubu”
In what is being described as an unprecedented political development ahead of the 2027 general elections, a broad-based national coalition cutting across civil society organisations, professional bodies, labour groups, artisan associations, and other grassroots networks has announced plans to formally endorse President Bola Ahmed Tinubu for a second term in office.
The coalition, spearheaded by the Coalition of Civil Society Organisations in Nigeria, COCSON, now extends far beyond the traditional civic space, bringing together over 1,500 groups from diverse sectors of the Nigerian society. Participants include human rights organisations, medical and legal professionals, trade and artisan unions, community-based organisations, and influential labour leaders, reflecting a wide national spread and multi-sectoral backing.
The historic convention is scheduled to hold on May 17, 2026, where leaders and representatives of the various groups are expected to converge in what organisers say will be the largest endorsement gathering in Nigeria’s history. The event will serve as the official platform for the coalition to collectively declare support for President Tinubu’s re-election bid.
In a major demonstration of grassroots mobilisation, the coalition also revealed plans to submit a compiled total of 20 million signatures of Nigerians who have endorsed the President’s candidacy. The signatures, gathered through extensive nationwide engagement, are being positioned as a clear indication of public support cutting across regions, professions, and social strata.
Organisers of the event stated that the decision to back President Tinubu is driven by what they described as tangible strides in economic reforms, governance, and national stability. They emphasised that the inclusion of non-traditional actors such as artisans, market groups, and labour unions underscores a broader national consensus that transcends the usual civil society framework.
Political analysts say the scale and diversity of this coalition mark a significant shift in Nigeria’s political landscape, where support structures are no longer confined to political parties and elite stakeholders but are increasingly driven by a fusion of grassroots and professional constituencies.
As momentum builds towards the May 17 convention, observers are keenly watching how this expansive alliance will shape political narratives and influence voter sentiment in the lead-up to the 2027 elections.
Further details on the convention and breakdown of participating groups are expected to be unveiled in the coming days.
In what is being described as an unprecedented political development ahead of the 2027 general elections, a broad-based national coalition cutting across civil society organisations, professional bodies, labour groups, artisan associations, and other grassroots networks has announced plans to formally endorse President Bola Ahmed Tinubu for a second term in office.
The coalition, spearheaded by the Coalition of Civil Society Organisations in Nigeria, COCSON, now extends far beyond the traditional civic space, bringing together over 1,500 groups from diverse sectors of the Nigerian society. Participants include human rights organisations, medical and legal professionals, trade and artisan unions, community-based organisations, and influential labour leaders, reflecting a wide national spread and multi-sectoral backing.
The historic convention is scheduled to hold on May 17, 2026, where leaders and representatives of the various groups are expected to converge in what organisers say will be the largest endorsement gathering in Nigeria’s history. The event will serve as the official platform for the coalition to collectively declare support for President Tinubu’s re-election bid.
In a major demonstration of grassroots mobilisation, the coalition also revealed plans to submit a compiled total of 20 million signatures of Nigerians who have endorsed the President’s candidacy. The signatures, gathered through extensive nationwide engagement, are being positioned as a clear indication of public support cutting across regions, professions, and social strata.
Organisers of the event stated that the decision to back President Tinubu is driven by what they described as tangible strides in economic reforms, governance, and national stability. They emphasised that the inclusion of non-traditional actors such as artisans, market groups, and labour unions underscores a broader national consensus that transcends the usual civil society framework.
Political analysts say the scale and diversity of this coalition mark a significant shift in Nigeria’s political landscape, where support structures are no longer confined to political parties and elite stakeholders but are increasingly driven by a fusion of grassroots and professional constituencies.
As momentum builds towards the May 17 convention, observers are keenly watching how this expansive alliance will shape political narratives and influence voter sentiment in the lead-up to the 2027 elections.
Further details on the convention and breakdown of participating groups are expected to be unveiled in the coming days.
News
How ISWAP killed Army Col. Six others in Borno.
☆☆☆As Troops Foil Series of Ambushes.
Troops of the Nigerian Army under operation Hadin Kai have foiled a series of ambush by suspected members of the Islamic State West Africa Province (I SWAP) terrorist along the Monguno in Borno state.
Islamic state of West Africa province (ISWAP) have attacked the Nigerian army from Monguno 242 Battion Barrack in Borno State on their way to reinforce the camp.
A serving Nigerian Army Colonel was reportedly killed in an ambush by insurgents in Monguno, Borno State, during a reinforcement mission
Source added said that colonel I.A. Muhammad was ambushed by ISWAP and killed along with four other soldiers.
Community confirmed that the troops who were on a fighting patrol as part of operation,came under fire from suspected terrorists
As of the time of felling this report, there has been no official statements from the Nigerian Army regarding the accident.
News
Dogara Felicitates Dangote at 69, Applauds His Enduring Impact on Africa
Hon. Yakubu Dogara, former Speaker of the House of Representatives and Chairman of the Credit Guarantee Company Limited (NCGC), has joined Nigerians and the global business community in celebrating Alhaji Aliko Dangote on his 69th birthday. In a detailed tribute, Dogara described Dangote as “a visionary whose life’s work has become a cornerstone of Africa’s economic transformation.”
Dogara emphasized that Dangote’s entrepreneurial journey is one of resilience and foresight. From humble beginnings, he built the Dangote Group into Africa’s largest conglomerate, with investments spanning cement, sugar, salt, fertilizers, and the landmark Dangote Refinery. These ventures, Dogara noted, have not only revolutionized industries but also created millions of jobs, strengthened Nigeria’s economy, and reduced dependence on imports. “Alhaji Dangote is not just an entrepreneur; he is a nation-builder whose vision has redefined what is possible for Nigeria and Africa,” Dogara said.
He pointed out that the Dangote Refinery, in particular, represents a turning point in Nigeria’s energy sector, offering the promise of self-sufficiency in petroleum products and positioning the country as a major player in global energy markets. “This singular achievement underscores his commitment to solving Africa’s most pressing challenges through bold and innovative solutions,” Dogara remarked.
Beyond his industrial empire, Dogara praised Dangote’s philanthropy through the Dangote Foundation, which has invested heavily in healthcare, education, and humanitarian relief. From building hospitals and funding scholarships to providing aid during crises, Dangote’s generosity has touched countless lives across the continent. “His philanthropy reflects a deep commitment to humanity. He has shown that true greatness lies not only in building industries but also in uplifting lives,” Dogara added.
Dogara also reflected on the inspirational power of Dangote’s story, stressing that his rise from modest beginnings to global prominence serves as a beacon of hope for young Africans. “His journey proves that with hard work, faith, and determination, Africans can build enterprises that rival the best in the world. He remains a shining example of African excellence,” he concluded.
As Dangote celebrates his 69th birthday, his legacy continues to resonate far beyond Nigeria’s borders. His life stands as a testament to the transformative power of vision, enterprise, and compassion—an enduring reminder that Africa’s future can be defined by innovation, resilience, and generosity
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