![]() ![]() The celebration of Chinese New Year is actually divided into three significant days Little Year, Chinese New Year (a.k.a the Spring Festival), and the Lantern Festival. However, there is a whole timeline of history and traditions that most of us are not even aware about. The numbers are even closely compared to those who celebrate Christmas globally (also 2 billion!) So, what is it exactly that makes this holiday so special? On the surface it seems that this day is mostly about Chinese culture and festivities. million Chinese Americans who celebrate in the United States alone. About 2 billion worldwide, one fourth of the total global population, celebrates Chinese New Year. Thank you all and I wish this seminar a success.Xīn Nián Kuài Lè! Happy New Year! It’s once again that special time of year for the Asian community. I hope the Irish business community would fully appreciate this logic, sensibly find the right answer to the question, and continuously serve as active promoters to pave a way of mutual understanding and mutually beneficial cooperation for a brighter future of the relations between our two countries. If one seeks to "de-risk" from China, it will turn its back on opportunities, cooperation, development and future. The past decade of China-Ireland strategic partnership for mutually beneficial cooperation have witnessed fruitful results in economic, trade and investment cooperation between China and Ireland, delivering both countries huge and tangiable benefits rather than "risks".Ĭhina is the world's second largest economy, the 2nd largest importer of goods and services, the largest manufacturing country and the largest commodity trading nation. It has the world's biggest and most promising market with fastest-growing middle-income population of 400 million. China and Ireland share extensive common interests, the convergence of our views far outweighs our differences, and our cooperation far outweighs our competition. The figures speak for themselves, and the conclusions are clear and unambiguous. In 2015, Chinese investment in Ireland was quite limited, while in 2021, direct investment from Chinese mainland in Ireland reached 9.2 €billion, creating over 5,000 jobs. More than 40 Chinese companies, including Huawei, WuXi Biologics, TikTok, have established their presence in Ireland. Ireland has been enjoying a trade surplus with China for 14 consecutive years.Ĭhina-Ireland two-way investment keeps growing rapidly as well. Now China is Ireland's 4th largest trade partner, the 5th largest goods export market, the 7th largest service export destination, the largest trading partner in Asia Pacific, the fastest-growing major market and the largest overseas market for Irish pork and baby fomula. According to Eurostat, our bilateral trade volume in 2014 was 3.7 €billion, while the figure in 2022 reached 25.3 €billion, with an average annual increase of 27%, much higher than Ireland's overall trade growth in the same period, which is 10.7%. The bilateral trade volume between our two countries has hit new record for 9 consecutive years since 2014. Recent years have witnessed a good momentum in China-Ireland trade relations. When we make judgment on such a momentous issue, we must turn to past for inspriation and guidance. This might not be a bad thing, as the debate will help us get closer to fact and truth. This question is now under debate in Ireland. ![]() Here the questions come up: Is a peaceful, cooperative and open China an opportunity or a risk to Ireland? ![]() I suppose all the Irish friends present here today have already assessed the risks of attending this seminar before your coming.īut when talking about "de-risking", one must first consider what and where those risks are. If I do not say a few words on de-risking, it seems that I am not that fashionable. It is my great pleasure to attend Ireland-China Trade and Investment Seminar hosted by HSBC and Ireland China Business Association.ĭuring the past few weeks, "de-risk from China" has become a hot phrase in Europe, including here in Dublin. On 16 May 2023, Chinese Ambassador He Xiangdong gave remarks at Ireland-China Trade and Investment Seminar, hosted by HSBC Ireland and Ireland China Business Association. Full text is as follows:
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