Tire maker plans to establish new projects based on reciprocal growthEditor's Note: ChemChina acquired a 65 percent stake in Italian tire maker Pirelli in 2015, with an investment of 7 billion euros ($7.87 billion).

The Belt and Road Initiative represents an extraordinary and comprehensive opportunity to develop deeper mutual knowledge of different cultures and to establish new and fruitful cooperation projects based on reciprocal growth and a win-win perspective.

The expanding code sharing and other cooperation such as the launch of reciprocal frequent flyer benefits marked a major step of both airlines in extending the China-US air route network, said China Southern Airlines.

The two airlines will also launch reciprocal frequent flyer benefits and lounge access next year.

Second, China's opening-up has had the reciprocal benefit that its companies now operate around the world.

The Mutual Recognition of Funds (MRF), launched in 2015, allows reciprocal purchase and sale of mutual investment funds domiciled in Hong Kong and the mainland.

The Belt and Road Initiative, which aims to build trade and infrastructure networks connecting Asia with Europe and Africa and promote industrial cooperation, has emerged as an important means to seek reciprocal development.

Cruz said the deal will help "drive tourism, and economic and cultural exchange between the UK and China by facilitating reciprocal leisure and business travel".

"Having a reciprocal import deal, where all parties mutually benefit, is a brilliant step forward for beer lovers in the UK and in China.

"It is in everyone's interest to promote a constructive engagement between China and the US that focuses on removing the barriers to fair and reciprocal market access in each other's economies. "

By combining unilateral tariff cuts with reciprocal tariff reductions through FTAs, China aims to expand its degree of opening-up, and further advance trade and investment liberalization and globalization, said Gao Lingyun, a researcher at the Institute of World Economics and Politics, which is part of the Chinese Academy of Social Sciences.

In a reciprocal manner, China has expressed its serious apprehensions regarding Australia's anti-dumping and countervailing measures on three specific Chinese products, namely wind towers, railway wheels and deep drawn stainless steel sinks, as well as the improper practices in Australia's trade remedy investigations against China, he told a weekly news conference in Beijing.

"One of the things that could happen would be a reciprocal reduction in tariffs," he said.

Michael Hart, president of the American Chamber of Commerce in China, said at the sideline forum that greater market access and reciprocal arrangements between countries are needed for enterprises to make better decisions on new investments.

Free from the hindrance of institutional arrangements and human factors, barriers to entry and exit will be eliminated for domestic entities, while foreign countries will benefit on a reciprocal basis, facilitating the flow of resources, factors and products at low costs, Liu added.

Yao Rongjun, founder of Qiao-Dong Strategy, another Chinese brand promoter, said international communication not only brings brands with bigger reputations, but a reciprocal effect to boost their domestic development.

"Despite the COVID-19 pandemic, China remains a key driving force for global economic recovery and a development partner based on win-win mentality and the reciprocal interests of the 'south' developing world," he said.

Overall, the CAI promises to make the investment relationship between the EU and China more balanced and more reciprocal.

The high-level and reciprocal market access commitments reached between China and the EU in the CAI will solidify not only the European companies already in China and Chinese companies already in the EU, but also those that may be new entrants in both markets as a result of the agreement.

The law, which took effect on Tuesday, states that if any country or region abuses export control measures to endanger China's national security and interests, China can take reciprocal measures commensurate with the actual conditions.

The law, which took effect on Tuesday, stated that if any country or region abuses export control measures to endanger China's national security and interests, the country can take reciprocal measures based on actual conditions.

"He expressed belief that the summit will further promote trade among BRICS countries and help reach more reciprocal deals.

He expressed belief that the summit will further promote trade between BRICS countries and help reach more reciprocal deals.

Jens Eskelund, China chief representative of Danish shipping and logistics giant A. P. Moller-Maersk, said the permission for foreign carriers to carry out international relay is very welcome news and represents a tangible step for foreign carriers in China toward achieving market access on reciprocal terms.

Under the partnership, members will further ease market access standards, cut tariffs and offer reciprocal policies.

The two sides launched a reciprocal code share agreement last year, followed by reciprocal lounge access and loyalty benefits in 2019.

"CIIE not only displays the development and rise of China under the policy of reform and opening-up but also presents a national image that is open, innovative, inclusive, reciprocal and committed to promoting the development of regional and global economies in the new era," he said.

"Our longer-term objective is to have free and fair and reciprocal trade.

Talking about development and cooperation between China and Brazil in terms of sustainability, Li said that with abundant resources from Brazil and advanced technologies from China, the combination would be promising and reciprocal for both sides.

"China has continuing opportunities to diversify and strengthen its banking sector by supporting reciprocal market access to both countries' banking sectors, which will increase both market efficiency and financial innovation," he said.

According to Lan, both sides will further strengthen exchanges and cooperation in fiscal and tax policies, and more efforts should be made to encourage think tanks of both countries to enhance sharing of experiences and collaborative research through seminars and reciprocal visits.

Meanwhile, the country will seek to further deepen cross-border audit supervision cooperation in a law-based and reciprocal manner.

The Wealth Management Connect allows residents in the Guangdong-Hong Kong-Macao Greater Bay Area to buy investment products sold by banks in reciprocal areas.

At this stage, a remote onboarding service for opening investment accounts at banks in reciprocal areas is not permitted under the program because of investor protection concerns.

The People's Bank of China (PBOC) renewed a reciprocal currency swap agreement with its Ukrainian counterpart earlier this week, allowing the exchange of local currencies between the two central banks for up to 15 billion yuan ($2.17 billion), or 62 billion hryvnias, for three years.

CECIF aims to develop links between the Belt and Road Initiative and the Investment Plan for Europe on a mutually beneficial and reciprocal basis.

China's stocks dropped over 3 percent on market opening Friday after China and the US announced reciprocal taxes on imports.

The central banks of China and New Zealand on Friday announced they would renew a reciprocal currency arrangement that would support the settlement of bilateral cross border transactions.

Officials said that this historic partnership will facilitate open dialogue and reciprocal visits between the two associations where members can share knowledge, expand their commercial networks and build new partnerships.