Instant Translate

19 Jul 2017

Lead and Build Team Relations with 100% Government Fundings

Lead and Build Team Relations

Watch 2-min video at here
You are a manager, supervisor, department head, HR Manager, or someone that is responsible for results in your company. With today's uncertain economy, you wondered what can you do to keep your team intact and happy? Most importantly, can you and your team perform up to the expectations of your stakeholders?
Unknown to many, we are now living in a replacement economy. Jobs are being replaced by Artificial Intelligence, mobile apps, and outsourcing. Even entire industries are being threatened with new challengers like Uber and Air BnB. It seems that your people are still playing catch up. The question is are they able to cope with this rapid change?
We all know that if your people are not able to perform, your company may not exist. This may not be far fetched, as evidenced by the retrenchments of established players like Nestle, Singapore Press Holdings and banks.
It is obvious that we can not change the environment, but we can change ourselves.

You know deep inside that if you and your team can take charge, establish better work relationships, be more pro-active learn new skills and take on more responsibilities, you and your company have a better chance of survival.
This short seminar is designed for busy executives, managers, directors, and bosses that want to make the change today, not tomorrow. In this 2-hour high impact course, AndyTheCoach will reward you with workable strategies and action plans on the following:
  1. The reason why most people are not performing and what to do about it.
  2. Getting your people to perform by making everyone a leader and build better team relations
  3. Establish team processes to promote collaboration
  4. Minimize and resolve conflicts at work
  5. Be a better leader and drive people to higher performance
  6. The ultimate in leading people and building relations: do the impossible
Date: 31 July 2017 Monday 3 to 5 pm
Venue: 7500A Beach Road, 02-346, The Plaza, Singapore 199591
Fee: $50 
Register at here or call 6225-1784 for assistance or text to 8201-4347

17 Jul 2017

How to Win At Work

Program title: How to Win at Work

Target Audience: People that are working now, full time and part time, as an employee or self-employed

Program prerequisites: None

Learning outcome: At the end of this course, you will be able to know what are the practical ways that you too can win at work and be a high-value employee/ 

Key Learnings:
  1. Demands in today's business: you just cannot rely on safe strategies
  2. Importance of winning at work and becoming high value employees
  3. Uncovering what's holding you back to contributing more at work
  4. Top 10 things that every employer is looking for in an employee
  5. Finding your internal motivation at work: knowing your purpose
  6. Passion at work and how to be more passionate in your work
  7. The 5-Ways Leverage to be a Higher Profits Employee: low maintenance, 
  8. Top 35 Strategies on the 5-Ways
  9. 20 ways to be more efficient at work
  10. Going the extra mile and going all the way
  11. Handling stress and perturbation
  12. The ultimate of wining at work: leave a legacy

13 Jul 2017

You Don't Need to Look Like a Leader

As a full-time Coach and Trainer having over 81,131 executives in 14 countries since 1996, I believe that everyone is a leader and everyone can rise to the top leadership position of any organization.  There is no requirement of background, wealth, education or connections. However, many people still don't want to be a leader because they think that being a leader is difficult and requires too many sacrifices. The top 7 misunderstandings of being a leader include:

1.     A Leader Must Be Tough.  Softness doesn't mean not effective, and sometimes being tough will alienate followers instead.
2.     You Must Be The Best.  The best may not lead because they prefer to be led. That doesn't mean that the leader is mediocre and incompetent. 
3.     A Leader Must Behave Like a Leader at All Times. This is called fake leadership because ultimately a leader is just a normal human being like anyone. A leader is not God or a representative of God. In fact if you behave weak at times you will touch more peoples' hearts and get more loyal followers
4.     You Must Have A Strong Team In Order to Lead Well.  This is the most daunting and untrue requirement that frightens most people.  In fact a leader builds his own team.  Even if he already has a strong team, he still must turn the strong team into strong followers or he is just an ineffective leader.
5.     A Leader Cannot Fail. Even The Buddha fails, so why can't a leader fail?  In fact failure often makes the leader stronger.  You just look at the many failed war attempts by Sir Winston Churchill of Britain and China's Mao Ze Dong and you'll know how true is this point.
6.     You Must Be Ready to Lead.  No one is ever ready for anything in life, what is more important than readiness to lead is the will and commitment to lead.

7.     A Leader is a Good Talker.  What is more important than talking is listening.  True leaders don't talk much and give credit to his team. But he practices deep listening, as what Thict Niat Hanh, the famous Vietnamese monk, does all the time. For details on how to lead well when you are not at the top, come for 360 Degree Leadership course, details at http://asiatrainers.com/index.php/2-featured/59-360-degrees-leadership

6 Jul 2017

How to Inspire and Drive People with Sun Tzu Art of War

Whether you are a leader or follower, over the peak or climbing your way up, feeling the pinch of this economy or doing well now, you know deep inside very well that you can do much better.

I am not talking about doing 10% or 20% better, I'm talking about double or triple your results. From your past experience, you know this is possible as you have done this before. But why are you where you are now?  Is it the economy or is it because you are at a certain stage of your life cycle?

Sun Tzu in the Art of War 孙子兵法 said that war is inevitable, and we must win all the way, for failure is not an option. He also said that there are 5 factors that determine the outcome of any war: Purpose, Lead, Climate, Support and Methods.  The foremost among them is Purpose, for if you have a strong and compelling purpose, you have already won in your hearts.

To drive and inspire yourself to greatness, you need to have a strong purpose. That means having the vision and mission.

Despite having all these, many people still don't make it. They tried very hard and yet success often eludes them. Sun Tzu in the Art of War said that we must win to fight, not fight to win. If you fight to win, the price of winning could be very high.  That may deter you from future winnings. Ask people that have tried many times to win a championship in a singing contest if they would like to contest again, they would say no. Because the process of winning is so grueling, just the thought of it will make you freeze.

That's why people cannot repeat their own success or prevent themselves from becoming successful or becoming more successful. Psychologists called this self-sabotage.  Self-sabotage happens when we sabotage our own success, i.e. we make ourselves not successful. I'm sure you know of many situations where you know every well you can do much better but you justify yourself that 'it's okay to take it easy and go slow' and you simply let go of the opportunities for you to be more successful.

In the Art of War, self-sabotage comes from 'win at all cost', which is the most damaging type of winning.  When we win at all costs, we win but that win produces self-sabotage later on. Sun Tzu said the best is to win to fight, and to win without fighting, through the use of strategies and stratagems. Stratagems are covered in another related book called 36 Stratagems 三十六计

For more on how to inspire and drive people using ideas about 'deception', 'spies' and 'fire', come for our latest course on 26 July 2017 Wednesday 2 to 5.30 pm. Special discounts for our blog readers, you can get 50% discount, at only $99 instead of $199.  Click here or email to andy@asiacaochingtraining.com for more information and registration

2 Jul 2017

PayNow: Make & Receive Money with Mobile Phones

7 Ways to Earn Money On Your Spendings

Find out how to receive and pay people in Singapore using FREE PayNow mobile app at here

We all know that to be financially wealthy, we need to have cash flow and increase in the value of the things we possess. For example, if you are living in your house that brings you rental income (from one of the rooms) and your house’s value is much higher than what you paid for it, you are considered financially wealthy.
But to have cash flow, you need to spend less than what you earn and get passive income (i.e. income earned when you are not working, like dividends from shares).
Other than spending less than you earn, why not save money on your spendings?  When you save money on your spendings, you are indirectly earning money on your spendings. This may sound impossible, but there are 7 ways you can do that:
1. Use Your Phone and Save with Apps There are many apps for your phone, where you save simply by shopping and scanning your receipts. Apps like Saivian, Walmart’s Savings Catcher etc, allow you to shop, scan the receipt and get cash back up to 20% on the items you bought.
Many offer additional coupons and savings by completing tasks, referring friends and reaching milestones. It’s a great way to save on items you purchase without clipping coupons. 
2. Bulk Buy:
Buy in bulk is a great way to save money. For example, I have the HSBC Goldlen Village cinema card, where I save 32% on my cinema tickets whole year round (except for 4 public holicdays). I need to buy a minimum of 10 tickets first but the expiry is 12 months so it is easy to consume the bulk buys.
Many sites (like Lazada) and retailers (like Mustafa) offer savings when you buy in bulk, just check with them and negotiate for a good discount, which is anything above 10%
3.  Credit Card Cash Backs
Yes, many credit cards like Diners Club International offers 5% rebate on your groceries at Sheng Shiong supermarkets. Visa, MasterCard, Amex, JCB and even now Alipay too offer cash back like $100 when you spend a certain amount, like $3,000 in a month
4. Deal of the Day:
When you do feel like splurging and taking the family out for a night on the town or on a vacation, do it frugally. Use sites like Groupon and LivingSocial to spend less on dining out together and these days you can even find cheap getaways and vacations through the websites.
Many retailers offer a deal of the day. If it’s on your list, and not something you need right away, you may want to watch for these deals.
5. Purchase a Club Membership
Consider the pricing on the products you buy often buy like books, stationery and household items.  Often you have to pay for membership to get a good 10% discount (like Popular) but as long as your savings is higher than the membership fees, you are saving or earning money on your regular purchases!
7. Sign up for a birthday discount
If you often need to shop for little kids, plenty of stores have birthday clubs that you can sign up to. You get a coupon for each birthday, something you can cash in for substantial rewards and discounts.
Many restaurants offer free meals for the birthday boy and girl. Make sure you plan in advance.  You can always ask the restaurant to offer you a free birthday cake when you celebrate birthdays at their eateries.
The key points is you don’t spend more to get the savings, you are spending as per normal but with good planning and strategy, you can get good savings and earn money on your spendings. Isn’t this a good way to be financially wealthy?

By Andy Ng, a Chartered Accountant by training with a MBA from UK. Andy is a full-time passionate business coach and trainer that helps people to be financially and spiritually wealthy through programs in sales, leadership and finance. Visit www.asiatrainers.com or see him in action at www.youtube.com/AndyNgCoach

26 Jun 2017

How to Avoid The Traps of Happiness

Are you happy now?  As a full-time Coach and Trainer since 2001, I have come across many people who are not happy because they told me that they are not getting anywhere in their career and life. On the other hand, I too met a few businesspeople who earn more than a million dollars a year complaining to me that they envy other people’s happiness. Jack Ma, one of the richest Chinese in the world that founded and owned Alibaba, revealed in public videos that he is pretty unhappy now and was the happiest when he was struggling in building up his business.

So it seems that wealthy people are just as unhappy as people without money. This may come as a comfort for poor people, but it nevertheless stop them  from becoming rich. This is because if happiness is our reason to be rich, if you now know that being rich does not bring you happiness, why would you want to be rich?  That’s why I think it is of utmost importance that people do not get any idea that happiness has got to do with your wealth. 

In fact we know that happiness is a state of your mind, and having money simply means that you have more means to buy things that make you happy, but that alone does not bring you happiness. For happiness is something to be pursued, it is not something that we can hold on to. For when we achieved what we set out to achieve, we soon get dissatisfied and are soon looking for the next thing that brings us happiness. Just look at how happy you were when you first purchased your new smartphone but how soon you realized that there are other smartphones that are better than what your and how soon you developed such unhappiness!

Other than this, the other trap of happiness is to keep on seeking pleasure, thinking that sensual pleasures will bring you happiness. Attending festivals, drinking, shopping, eating in expensive restaurants and take part in parties of course will make you happy. The problem is when you become too accustomed to these pleasures, they lose their power to make you happy. You need even more bigger pleasures to get the same or more happiness.

So it seems that happiness is a declining feeling, the more you have happiness, the more you feel unhappy.  This is what psychologists called happiness traps, for you cannot just decide to be happy any more than you can decide to be taller. Happiness is not a finite thing, but the sum of lived feelings. Happiness is thus not just being in a good mood and feeling joyous, it is a way of life, a mental attitude. The good news is anyone can avoid the traps of happiness and cultivate happiness.

The 3 easy ways to avoid the traps of happiness are:
1.     Forget about trying to be happy, just be happy now with a happy state of mind. For example, even if you were stuck in a massive traffic jam, you can choose to be happy by focusing on the moment.  Just focus on your breathing and you will instantly acquire a state of calmness and momentary happiness and forget about the ordeal of traffic jams! 
2.     Share happiness, for the more you share happiness, the more others will share happiness with you too and soon you will be happy throughout the day. To test this, try to post something that makes people feel good in your social media and see what happens.
3.     It’s the journey that brings us happiness, not the destination. So just focus on the journey and you’ll be happy. Happy journeying!

Written by Andy Ng at AsiaTrainers, a Business and Personal Coach and Trainer with over 17 years of full-time coaching experience. Contact Andy at the usual social media platforms. 

SUN TZU PEOPLE MANAGEMENT (NEW) 

Using Art of War strategies to Lead and Manage Your Teams Successfully
 
Date: 30 June 2017 Friday 2 to 5.30 pm
 
Venue: The Plaza 02-346, 7500A Beach Rd (inside Parkroyal Hotel building)   
 
Fee: $199 each, $149 each for 2 & above, $99 each for 5 & above
(no GST). With PIC 40% cash back or 400% tax deduction
 
Watch short video at https://youtu.be/97TAyj4dESE

Sun Tzu (or Sūn Zǐ in pinyin) was a 500 BC Chinese general, military strategist, and author of The Art of War, an immensely influential ancient Chinese book on military strategy. Many great leaders like Margaret Thatcher and Ronald Reagan study his work and became legendary leaders. Many corporate leaders paid thousands of dollars to attend courses to learn Sun Zi secrets. 
 
We at Asia Trainers believe that you too can learn master his secrets with just two hundred dollars. This is because we take the essence and compile them into a 4-hour course that will leave you with just enough materials to lead your team to greater heights. Since October 2010, we have trained over 1,137 leaders coming from countries including Hong Kong, Japan, Myanmar and even China. 
 
The most valuable lesson out of his 13 chapter of 5,000 words must be found in the 3rd chapter: Win Without Fighting. 
 
As translated from The Art of War: Generally, in war the best thing is to take the enemy state whole and intact; to ruin it is inferior to this. To capture the entire army is better than to destroy it. Hence, to win on hundred victories in one hundred battles is not the acme of skill.
 
To subdue the enemy without fighting is supreme excellence. In short, win without fighting is the best. 
 
How does it apply to your people management and leadership?
a Enemy here refers to not your enemy but your team that you are leading and managing. 
 
b. Take the enemy state whole and intact means you must lead your team wholly with not just their bodies, but also their minds, hearts and spirits. 
 
c. Never destroy the bodies, minds, hearts and spirits of your team. So you cannot over-work them for you will be destroying their bodies and minds. You also cannot break their hearts by not delivering on your promises and make them give up on you. Finally, you may destroy their spirits when you unknowingly make them a fool in front of others.
 
d. To win without fighting in leadership is to lead without your team knowing that you are leading them. A leader is at his best when people barely knows he exists, when the work is done, the team will say: we did it ourselves. This is because the leader has empowered the team so much and they have become so competent that they are mini leaders themselves, thus the leader is leading without actually leading them. This must be the highest form of leadership. Lead without Leading. 
 
e. If you too want to be a great leader, learn from the master.
 

POWER-PACKED CONTENTS INCLUDE:

  1. Art of War simplified and clarified
  2. How knowing Sun Tzu Art of War will help you lead and manage people
  3. Applying the Five Elements of Sun Zi (Mission, Climate, Ground, Head and Methods) to your people management and leadership now
  4. How to Know Yourself Know Others per Sun Zi
  5. Leading when People Don't Want to be led
  6. Sun Tzu 6 Strategies of War to manage and lead people happily and willingly
  7. Engaging people with the art of deception or 计
  8. Dealing with Difficult people using Sun Tzu 'Fire' strategy
  9. How to drive people to perform at their best using 36 Stratagems of 'straight' and 'odd'
  10. The Ultimate in Sun Zi: Take the entire Nation (body, mind, heart & spirit)
 
Benefits:

  1. Practical Ideas to be an effective Leader and Manager
  2. Align Entire Team to achieve Real Results
  3. Increase Productivity & Teamwork
  4. More impetus to achieve more with less
  5. Happier and more Fulfilling Life!

12 Jun 2017

Customer Service with Sun Tzu Art of War

Customer Service Using Sun Tzu Art of War


How do you apply Sun Tzu Art of War, a 2,500-years old military classic, into modern day customer service?  Indeed many strategies can be applied, but first we must understand the essence of the Art of War, which is 2 elements:
  1. Win to Fight, not Fight to Win
  2. Win Without Fighting, not Win With Fighting
Sun Tzu (or Sūn Zǐ in pinyin) was a 500 BC Chinese general, military strategist, and author of The Art of War, an immensely influential ancient Chinese book on military strategy. Many great leaders like Margaret Thatcher and Ronald Reagan studied his work and became legendary leaders. Many corporate leaders paid thousands of dollars to attend courses to learn Sun Tzu secrets. 

We believe that you too can learn master Sun Tzu secrets and apply them to your work easily.  This is because we take the essence and compile them into an 8-hour course that will leave you with just enough materials to serve your customers and lead your business to greater heights. Since October 2010, we have trained over 1,137 leaders coming from countries including Hong Kong, Philippines, Cambodia, Japan, Sri Lanka and even China

The most valuable lesson out of Sun Tzu Art of War comprising 13 chapters of 5,000 words must be found in the 3rd chapter: Win Without Fighting

As translated from The Art of War: Generally, in war the best thing is to take the enemy state whole and intact; to ruin it is inferior to this. To capture the entire army is better than to destroy it. Hence, to win on hundred victories in one hundred battles is not the acme of skill.

To subdue the enemy without fighting is supreme excellence. In short, win without fighting is the best. 

How does it apply to your CUSTOMER SERVICE in your company?

1.   ‘Enemy’ here refers to not your enemy but your customers, both internal and external, both free and paid customers, that you are serving and managing everyday
2.   ‘Take the enemy state whole and intact’ means you must serve your customers wholly not just with your company’s policies and procedures but also your entire team’s hearts and souls  
3.  Never destroy the bodies, minds, hearts and spirits of your customers.  You also cannot break their hearts by not delivering on your promises and make them give up on you. Finally, you may destroy their spirits when you unknowingly make them a fool in front of others, especially in difficult situations.
4.   To ‘win without fighting’ in customer service is to serve your customers without having to fight with your own internal organization. Specifically, serving your customers shouldn’t be at the expense of your company's profits, like giving them credit when you know that they are not credit worthy
5.    A service provider is at his best when his customers hardly know he serves them.  This is because the service provider has served without serving, he puts service as his life’s highest purpose and every little action of his is about putting customers first, yet he never feels the strains of serving customers.
6.   If you too want to be a great service provider, learn the strategies and tactics of the Art of War from one of the masters in this field.

POWER-PACKED CONTENTS for customer service with sun Tzu art of war INCiLUDE:

1.     Sun Tzu Art of War 孙子兵法 simplified and clarified
2.     Myths and truths of the art of war and the author Sun Tzu
3.     Key elements of Chinese culture and wisdom, especially on Wu Wei and Humility, and how do they apply to your customer service now
4.     How knowing Sun Tzu Art of War will help you serve and manage customers better
5.     Applying the Five Elements of Sun Zi (Mission, Climate, Ground, Head and Methods) to your customer service now
·       Demonstration of how to serve a difficult customer using the 5 Elements
·       Your case study of service recovery using the 5 Elements
6.     How to ‘Know yourself Know Others’ by knowing the different types of customers and what do they need the most
7.     Sun Tzu 6 Strategies of War to serve customers efficiently and effectively
·       Exercise on how to cut a piece of wood with paper
·       Top 20 Ways to serve customers from the heart using Sun Tzu 6 Strategies
8.     Engaging people with Sun Tzu’s Art of Deception or
9.     Dealing with Difficult customers using Sun Tzu 'Fire' and ‘Terrain’ strategy
10. Using The 36 Stratagems 三十六计of 'straight' and 'odd' in dealing with customer issues
11. The Ultimate in Sun Zi: Take the entire Nation (body, mind, heart & spirit)

Benefits:
·       Practical Ideas to be an effective service provider
·       Align entire customer service team to achieve Real Results
·       Increase Productivity & Teamwork
·       More impetus to achieve more with less
·       Happier and more Fulfilling Life!

THESE ARE WHAT SOME OF OUR CLIENTS AND PAST PARTICIPANTS HAVE TO SAY:

·       AndyTheCoach has used Sun Tzu Art of War and 36 Stratagems to apply in customer service. I like the part on Besiege Wei to Save Zhao and Kill with a Borrowed Knife
Andrew Tan, CFO, Visa International Pte Ltd

·       Very inspirational. I enjoyed the movie clips with the right messages driven. Thanks AndyTheCoach at www.asiatrainers.com
Eileen Quek, Operations Manager, Knight Frank Estate Management

·       Today's training by AndyTheCoach on Sun Tzu Art of War on customer service lets me know what I do not know, especially the part on knowing people. I like the use of the 5 elements, especially the use of positioning
Dr Sangeeta Biswas, Managing Director, Ayu Herba Pte Ltd
                                                          
·       Andy Ng has given us good ideas on customer service using very practical ideas passed from 2,500 years - Sun Zi Art of War and 36 Stratagems. I enjoyed every minute of his course.

Edward Wong, Manager, The Neilsen Company (S) Pte Ltd

1 Jun 2017

An App that Combines the Functions of 14 Apps

Everyone uses WhatsApp, and people that use WeChat knows that WeChat is more than WhatsApp. WeChat is a super app, it combines the functions of 14 apps: Facebook, Linked-In, Twitter, Blogger, Youtube, Instagram, Wordpress, Paypal, E-Bay, Slideshare, Udemy, WhatsApp, Eventbrite and Messanger. No wonder WeChat has become the most valuable component of Asia’s most valuable company, Tencent Holdings.

As of May 2017, WeChat has 938 million daily active users, vs 762 million a year ago. It pays to tap into the vast market that exists on WeChat FOC including Mobile Commerce, Official Account, Live Streaming and Target Marketing. Learn:

In this FREE 2.5 hours of hands-on training WECHAT FOR BUSINESS, we teach you the following:

1.   How to create WeChat Official Account FOC

2.   17 Ways to promote your products and services

3.   The FREE and EASY way to reach out to markets beyond China via Daily Broadcast

4.   Effective and Zero Cost Ways to Get People to Come to You via WeChat


Trainer: Warren Teh, WeChat Expert and Creator of tens of WeChat Official Accounts.

Faciilator: Andy Ng (enquiries tel 8201-4347)

Date of Training: 6 June 2017 Tuesday 2.30 pm to 5 pm
Fee: $99, $0 for referred people
Venue: The Plaza 02-346, 7500A Beach Road, Singapore 199591

Get yourself referred or Register via private message to Andy or WhatsApp to Andy at 8201-4347 now!  Click here (Eventbrite) for details of this course

20 May 2017

7 Reasons Why I Like China

With the current craze on Belt and Road Initiative, many people have taken a serious look at China again. From my several trips to China in the past one year, there are 7 reasons why I like China:

#1 - The people are friendly, although they may not be courteous or wanting to please you. But they get things done.  And from my interactions with them, people in China seem to be happy.

#2 - The food is delicious and cheap. A good meal for me costs about 10 to 20 RMB, which is very cheap and good, for they often include rice, soup, meat and vegetable

#3 - Safe. Crime rate is low in China, and risks of terrorist attack is low due to the tight control of the government over everyday life in China

#4 - Transport is cheap and good. Public transport by bus, train and high speed trains are cheap.  Metro starts at 2 RMB while Uber-like taxis (Didi) is often half price of taxis, which starts from less than 10 RMB. 

#5 - Abundant business opportunities due to the high growth rates over the past few decades and not showing any serious slowdowns as of today (May 2017). Whatever business you are doing in your home country you can bring it to China, except for media that is not under government control

#6 - Vibrant, lively, and endlessly entertaining. The night never sleeps and the morning starts as early as 6.30 am

#7 - Thousands years old and ultra modern Art, culture, history, architecture - FANTASTIC!!

19 May 2017

Using Your Smartphone During Our Training

Most trainers will ask their students to not use their mobile phones during training. Not for us at Asia Trainers. Our Chief Trainer Coach Andy Ng does the opposite: we require all our students to continue using their smartphones as follows:
  1. Use our free wifi and put their phones to silent mode
  2. All can check updates on their mobile phones every hour. People that need extra time may request for it, with the condition to stay back a little to make up for lost training time
  3. All are given free links to further learn on their smartphones via Udemy, Youtube and blogs (eg www.AndyNgTrainer.blogspot.sg) and sites like www.changingminds.org 
  4. We incorporate hands-on exercises using smartphones (eg colour personality analysis, handwriting and numerology) FOC
  5. We provide free training on how to use WeChat effectively (15 minutes demo session)
  6. Optional: students may take another 15 minutes to learn FOC on how to create and create professional videos with only their smartphones and nothing else (using tools like Magisto)
  7. How to tap into FREE online education streamings

15 May 2017

Belt and Road Initiative Grand Plans

On 14th May 2017, China’s President Xi Jinping sought to attract countries to join his ambitious “Belt and Road Initiative” at an international forum on Sunday.
Xi’s massive trade and investment grand plan seeks to connect nations along the new Silk Road routes through economic cooperation and infrastructure development.
We sum up Xi’s key offerings as covered in his keynote speech at the Belt and Road summit on Sunday morning.

Boosting funds

China’s Silk Road Fund will increase funding by 100 billion yuan, Chinese banks will extend 300 billion yuan in overseas capital, the China Development Bank will splash out 250 billion yuan, and the Export and Import Bank of China will add 130 billion yuan in special loans to Belt and Road projects. In all, China pledged at least 780  bllion yuan for this grand belt and road initiative plan.

Countering protectionism

China’s Belt and Road Initiative is based on the historic roots of the Silk Road, it focuses on Asia, Europe and African continents, and is open to all friends,” Xi said.
Speaking against the rising trend of protectionism characterised by some of US President Donald Trump’s policies, the Chinese leader said that two millennia ago, the ancient trade routes used to be open, tolerant and strove towards win-win cooperation. The modern world today, being more interconnected than ever, was in a position where difficulties could be resolved in many different ways, he said.

“We are living in a world with constant challenges: The world economy needs new growth drivers, its development needs to be more balanced and universal, the wealth gap should be narrowed, while some regions are plagued with turbulence and terrorism,” Xi said. “Peace, development and governance are challenges for all human beings. This is what I keep thinking about.”

Enhancing cooperation

“History is the best teacher. The history of the ancient Silk Road showed us that we can move along with mutual respect and development and towards the future of happiness, peace and harmony if we bravely walk the first step.”
“The countries along the ancient Silk Road were once places with milk and honey, but now are full of turbulence, conflicts and crisis. Such conditions must be addressed. We must have mutual cooperation and a sustainable security outlook, try to tackle hot issues and insist on political resolution.”
China would work with the Asian Infrastructure Investment Bank, the New Development Bank and the World Bank to support Belt and Road projects, Xi said. An international import fair would be held in China next year. Beijing would also set up a liaison office for follow-up activities generated after the two-day Belt and Road Forum for International Cooperation.

Reaffirming China’s objectives

During his speech, Xi reiterated Beijing’s objectives for the Belt and Road initiative.
“We will not follow the old way of geopolitical games during the push for the Belt and Road Initiative, but create a new model of win-win and cooperation. It will not form a small group undermining stability, but is set to build a big family with harmonious co-existence.”
“China’s construction of the Belt and Road Initiative is not to make a new start, but to connect development strategies of different countries and complement each other’s advantages ... China is willing to share its development experience with all the rest of the world, but we will not intervene into other nation’s internal affairs, export our social system and development model, nor force others to accept them.”

Reiterating the focus of the Belt and Road

“A country’s opening-up is like the creation of butterfly from cocoon. It brings rebirth with short-term pain. We must orient the construction of Belt and Road Initiative on opening-up and try to solve problems concerning economic growth and balance.”
“We will build an open platform, defend and develop an open world economy, jointly create an environment good for opening-up and development, and push for a just, reasonable and transparent international trade and investment system so that production materials can circulate orderly, be allocated with high efficiency and markets are deeply integrated.”

Development is always the key to solve any problems. So, the construction of Belt and Road Initiative should focus on this fundamental issue of development, drive up growth potentials of participating countries and achieve the economic integration, interaction and sharing.”