Foreign news
Shanghai Double Five shopping festival to further boost consumption
The Shanghai Double Five shopping festival, part of an event that runs through the month to spur consumption, kicked off in Shanghai on the first day of the May Day Holiday.
The shopping festival, similar to the popular Double Eleven shopping festival, is jointly organized by the Ministry of Commerce (MOFCOM), China Media Group (CMG), and the Shanghai Municipal Government.
The festival was launched in May last year by the Shanghai Municipal Government, aiming to boost consumption through e-commerce platforms. E-commerce giant Alibaba and startup Pinduoduo and other brands joined last year’s event.
The National Consumption Promotion Month, starting May 1, will last the entire month, featuring a series of activities promoting consumption across the country.
China’s consumer market has gradually recovered since this year. The newly-launched consumption promotion month will further stimulate market vitality, release consumption potential, and better serve to build a new development pattern, Wang Wentao, Chinese Minister of Commerce, said at the opening ceremony of the festival in Shanghai on Sunday.
Strong consumption has remained a major driving force for China’s economic growth for many years, and the event effectively lifts consumer confidence amidst the haze of the pandemic, Shen Haixiong, vice minister of the Publicity Department of the Communist Party of China Central Committee and CMG president, said at the ceremony.
Foreign news
California Transport Agency Seeks Partnership With NiDCOM On Creative Arts, Others
California State Transportation Agency (CalSTA) on Friday sought the partnership with the Nigerians in Diaspora Commission (NiDCOM) on creative arts, climate change, green jobs, Compressed Natural Gas (CNG) conversion and technology industries.
The News Agency of Nigeria (NAN) reports that a three-man CalSTA delegation led by its Secretary, Mr Toks Omishakin, said this while paying a courtesy visit to Mrs Abike Dabiri-Erewa, Chairman/CEO of NiDCOM, in Abuja.Omishakin said that CalSTA was one of the global largest agencies that had leading policies around the world in relations to climate change.
He added that for the last 40 to 50 years, the agency had engaged governments around the world to establish policies with better outcomes and impacts for the environment, including climate change.
According to him, Nigeria is the largest economy in Africa and for many years, the country has led African continent with her broad economy.
“So, very rarely that California engages countries in Africa, most of our agreements are with countries in Europe, Asia, Australia and South America.
“California does not have any agreement with countries in Africa when it comes to improving green jobs related to climate change .
“This visit is about how we can potentially set up a California-Nigerian partnership that is specifically addressing issues around climate change, green jobs, technology, creative arts and CNG conversion, these are the areas we want to specifically concentrate on.
“For instance, the creative arts industry all around the world, people know the industry that you call Nollywood, and Afro-beats more than ever.
“In addition, when it comes to United States of America’s creative industry like Hollywood, where a lot of film production happens, movies are made, TV shows are filmed just few miles way from Los Angeles.
“But when it comes to music like the Grammys and award shows for musicians across the world, it is held in Los Angeles, in the State of California.“Furthermore, when it comes to music in Africa. Nigeria is the epic centre for both music industry and movie industry and it’s the same thing for California, so there’s potential for partnership”, Omishakin said.
Responding, Dabiri-Erewa, Chairman of NiDCOM expressed appreciation for the visit led by Omishakin, a Nigerian-American who made Nigeria and the United States proud.
According to her, Nigerians are the best anywhere in the world and Omishakin is an example of Nigerians who are excelling in different fields all around the world.
“We are glad to welcome you home and we are glad that you’re talking business , and how California will be investing in Africa and Nigeria specifically.
“On your visit, you will see a lot of sectors where there can be more partnership with Nigeria.
“Also, part of your visit and tour, you will be meeting with the Transportation Minister and you will see one of the CNG conversion centres at the SMEDAN office, and also you will see products that are made in Nigeria that can be exported to California.
“Most importantly, we look forward to the partnership, bearing in mind that Nigeria is the biggest on the continent”, NiDCOM boss said.
She expressed optimism that in spite of the challenges facing Nigeria, the country would grow economically under President Bola Tinubu Administration.
The NiDCOM boss, who said that the President’s agenda was to build a one trillion economy, added that Nigerians needed to believe in government and themselves as well.
NAN reports that members of CalSTA delegation, who paid the courtesy visit included Mr Aditya Ramji, a Professor from the University of California, and Mr Giles Giovinazzi, Senior Advisor for CalSTA.
NAN
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