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Selwyn Times: June 20, 2017

30 Tuesday

30 Tuesday June 20 2017 Latest Christchurch news at www. .kiwi SELWYN TIMES Belt and Road Forum for Future Cooperation The Belt and Road Forum for International Cooperation (BRF) which was concluded in May 14-15 outlined the roadmap for the success of the Belt and Road Initiative. Twenty-nine foreign heads of state and government attended the forum. Other delegates included officials, entrepreneurs, financiers and media from over 130 countries and regions, which are home to more than two thirds of the world’s population and their combined gross domestic product accounts for 90 percent of the world’s total. The second BRF will be held in China in 2019. The forum yielded a list of outcomes, which included 76 consensuses comprising more than 270 detailed results in five key areas, namely policy, infrastructure, trade, financial and people-to-people connectivity. It sent a positive signal for all parties to work together to build a community of shared future, which would be extremely important for China and the world. Large Investment Demand A joint communiqué was issued at the forum, vowing to work on a long-term, stable and sustainable financing system, as well as to enhance financial infrastructure connectivity, by exploring new finance models, platforms and services. The projects will require innovative financing mechanisms -- a mix of public and concessional finance and commercial capital. Stronger Financial Connectivity Meanwhile, besides the actual fund injection, future cooperation would gradually extend from the building of hardware such as roads and ports to softer sectors such as management and services. Funding services and financial support would be one of the service and institutional improvements that would take more shares in the next round of Belt and Road construction. Nine Chinese-funded banks have set up 62 direct branches and representative offices in 26 countries along the Belt and Road as of the end of 2016, offering tailored services to local clients. At the same time, 54 commercial banks from 20 countries and regions along the Belt and Road have established branches, financial companies or representative offices in China, seeking opportunities with the initiative. According to the Guiding Principles on Financing the Development of the Belt and Road, governments along the Belt and Road should coordinate to provide favorable policy environments for financing. The guiding principles also suggest letting the private sector play a larger role in the initiative, and encouraging financial innovation while enhancing cooperation on financial regulation. Consolidated Consensus China aims to work with other countries to build the Belt and Road into an open platform of cooperation and a solution for challenges, including a lack of new growth drivers, development imbalance and terrorism. President Xi Jinping said China hoped to create a big family of harmonious co-existence, and the pursuit of the Belt and Road will not resort to outdated geopolitical manoeuvring. To ease concerns, Xi said China has no intention of interfering in internal affairs of other countries, exporting its social system and model of development, or imposing its will on others. accounting for 8.5 percent of total overseas investment made by Chinese enterprises. The Chinese President in his speech also mentioned China will expand China-Europe railway cargo services and establish new mechanisms, including a liaison office for the forum’s follow-up activities and a research centre. With coordinated and sustained collaboration among all parties concerned, the forum will mark the start of the Belt and Road 2.0. Opportunities for New Zealand Attending the forum showed that New Zealand wanted to be part of the discussion. New Zealand and China signed a ground-breaking memorandum of understanding on Belt and Road Initiative in March. The longer-term target is to work with China to develop a plan on how New Zealand can participate and contribute to the initiative. One of the eye-catching outcomes of the forum was China’s hefty financial support to advance the initiative, including an additional 100 billion yuan (14.5 billion U.S. dollars) to the Silk Road Fund. China will also encourage its financial institutions to conduct overseas yuan fund businesses with an estimated amount of about 300 billion yuan. China’s decision to scale up financial support for the Belt and Road, after billions of U.S. dollars of investment over the past three years, underscored the country’s resolution to push forward the initiative. The Belt and Road will be open to all. All countries, from Asia, Europe, Africa, Oceania or the Americas, can be partners of the initiative. So far, the initiative has won support from more than 100 countries and international organizations, of which over 40 have signed cooperation agreements. Landmark Significance The Belt and Road initiative has gone beyond vision and become a reality, delivering tangible benefits to countries along the routes. From Mongolia to Malaysia, Thailand to Pakistan and Laos to Uzbekistan, many projects, including high-speed railways, bridges, ports, industrial parks, oil pipelines and power grids, are being built. Since 2013, Chinese businesses have invested more than 60 billion U.S. dollars in countries along the Belt and Road. The investment totalled 14.5 billion dollars in 2016 alone, This advertorial page is supported by The Chinese Consulate Coming back from the Belt and Road Forum for International Cooperation, Paul Goldsmith who is New Zealand’s Minister of Science and Innovation, Minister of Tertiary Education, Skills and Employment, said the forum “was a very impressive and significant event.” As the head of the New Zealand delegation, Goldsmith said during an interview that he sees the Belt and Road Initiative as the re-management, re-invention and re-invigoration of the ancient trade routes. He said “The Silk Road is a starting point and an expression of support for the open market, reducing trade barriers, increasing connectivity across the world. He said that as a small trading nation, New Zealand “obviously has a keen interest on all those things” and New Zealand is well aware of the opportunities that China provide especially for bilateral trade. Being Minister of Science and Innovation, Mr. Goldsmith is particularly interested in the themes of the Belt and Road Initiative on innovation, which is the particular field that New Zealand is focused on. New Zealand is also looking into how the two countries can continue to work together on innovation in many fields. New Zealand universities have long time relationships with Chinese leading universities. Mr. Goldsmith said that there’s a good prospect for New Zealand and China to further develop science connections under the Belt and Road Initiative.

SELWYN TIMES Latest Christchurch news at www. .kiwi Tuesday June 20 2017 31 Kirkwood Intermediate Sports and Technology Update Sport is an important part of our school life and students are given many opportunities to participate in the large variety of sports we offer. Mastering the ability to work as a team and learning to be a good sport is a significant part of being a Kirkwood student. This term, our pupils have been involved with the Cross Country, Intermediate School’s Duathlon and have enjoyed the start of our winter sports programme which includes: Netball, Football, Rugby, Hockey and Table Tennis. As well as these, we will participate in Athletics, Swimming, Basketball, Rythmic and Artistic Gymnastics. Sports Technology education at Kirkwood explores how, beginning with a need or opportunity, new products are developed and how new developments impact on our world. Students gain knowledge and skills essential for all kinds of careers and for everyday life. Technology As well as experiencing a variety of technology classes, our students are able to choose special interest technology extension classes including coding arduino microchips, robotics, 3D printing, special engineering projects, Maori carving and food competitions. Hard Materials - Students work with wood, metal and plastics to develop a range of hands-on skills. Foods Room - Special breakfast lessons encourage students to make healthy choices. Soft Materials - Students follow a design process to create original projects. Electronics - To learn the technological process students work with electronic components. Remember, you are welcome to our Open Day & Night on Tuesday 4 July 9.00am – 12 noon & 7.00pm – 8.30pm Come and have a look at what our children are doing. Kirkwood Intermediate is an inclusive school with professional leadership. We are situated near numerous bus routes and there are still limited spaces for 2017. If you would like to find out more about us, please contact us on 348 7718. Phil Tappenden Principal Kirkwood INTERMEDIATE SCHOOL Please visit our website www.kirkwood.school.nz for information and to download an enrolment form or ring the office on 348 7718