ABCF Anniversary, Chinese Economy, RCEP, Digital Currency Commentary from the Web, Week 24, 2021

The ABCF celebrated its second anniversary online on June 14

The ABCF celebrated its second anniversary on June 14 with a virtual event featuring the launch of the association’s magazine Exchanges, which may be viewed at this link, and a discussion on “Cultural consciousness within the Sino-Caribbean context”, moderated by Rasheed Griffith, Christopher Lee and May Tao. 

The meeting was addressed by Ambassador Yan, the ambassador of the People’s Republic of China to Barbados; Permanent Secretary Simone Rudder of the Barbados Ministry of Foreign Affairs and Foreign Trade; the Deputy Director General of the Chinese People’s Association for Friendship with Foreign Countries from Beijing, China, Mr JI Wei, and representatives of regional Chinese and Friendship associations.

The discussion attracted participants from across the Caribbean and China. The full recording of the anniversary celebration may be found on Youtube at this link.


China’s Economy: 40 Years of Soaring Exports

Animated Chart: 40 Years of Soaring Exports in China

China has the second highest GDP in the world, and it exports 15% of all the world’s goods. But how did this come to be?

A mere 40 years ago, China’s economy was in an entirely different situation, making up less than 1% of global exports and still in the infancy stages of building its economy. This animated chart from the UNCTAD showcases China’s rise to global trade dominance over time. Source: Visual Capitalist.


China Emerging  1978 - 2008 an enlightening book by WU Xiao-bo

The rise of China’s economy over the past thirty years is undoubtedly one of the most remarkable events in human history. People outside China consider the country’ s amazing transformation a mystery. Those inside China have been challenged with a colossal task taking more than 1.3 billion people from an agrarian existence into the modern world in the face of intense conflicts of interest and complicated domestic and international economic situation. No nation ever did it before; none will ever do it again. This book presents, through vivid language and hundreds of photographs covering diverse aspects of Chinese society, a wide array of significant events and influential figures that have profoundly impacted the course of China s development from 1978 through 2008. Examples include the fall of the Gang of Four, the establishment of Lenovo, the country s first special economic zone, China s entry into the WTO, the Sichuan Earthquake, and the Beijing Olympic Games. Key Features(1) Unveils the mystery behind China s past 30 years of rapid economic growth(2) First book ever written about the amazing rise of Chinese enterprises between 1978 and 2008 (3) Includes hundreds of photographs capturing significant events from 1978 to 2008 (4) Covers major events as recent as the Sichuan earthquake and the 2008 Beijing Olympic Games.


RCEP Explained 

The World’s Biggest Trading Bloc Will Soon be in Asia-Pacific. An infographic from Visual Capitalist.


China’s digital currency lead provides lessons for others

China has overtaken many more advanced economies in adopting digital paymentsHardly any Chinese consumer now carries cash or even knows where to find an ATM.

China has been working on its digital currency roadmap from as early as 2014 and leads the rest of the 86% of the world’s central banks that are experimenting with central bank digital currency. Source: OMFIF.