China Post on Sunday issued a set of two special stamps to celebrate the upcoming Chinese zodiac Year of the Snake.
This set of stamps, drawing inspiration from murals in the Mogao Grottoes, a UNESCO World Heritage Site in Dunhuang, northwest China's Gansu Province, and traditional folk customs, combines the image of snake with auspicious meanings. It not only embodies the unique charm of zodiac culture, but also demonstrates people's wisdom.
"The most critical challenge is how to highlight the key elements while avoiding the more intimidating aspects. It's a very difficult task. Our goal is to create a comprehensive design that integrates Chinese characters, the Chinese zodiac, and Dunhuang murals," said Pan Hu, one of the designers who is now a doctoral candidate at the Academy of Arts and Design, Tsinghua University.
"The snake is adorned with images of auspicious clouds and Ruyi, symbolizing endless good fortune and best wishes. Additionally, its gold and red colors represent the joy of our Spring Festival celebrations," said Zhang Wang, one of the designers and director of the Department of Oriental Art of Nankai University, specializing in traditional Chinese painting.
Also on Sunday, China Post, Hongkong Post and Macao Post and Telecommunications Bureau jointly issued the "Year of the Snake" souvenir sheet.
Since 1980, China has issued four rounds of zodiac stamps including those for the Year of the Snake in 1989, 2001 and 2013.
The Chinese Zodiac is represented by 12 animals to record the years and reflect people's attributes, including the rat, ox, tiger, rabbit, dragon, snake, horse, sheep, monkey, rooster, dog and pig.
China issues special stamps marking Year of the Snake
China issues special stamps marking Year of the Snake
A 25 percent import tariff on all foreign-built vehicles entering the United States has raised serious concerns for manufacturers in South Africa.
Automotive giants like Mercedes and BMW have long used South Africa as a base for global exports -- but those plans may be shifting into reverse gear after the U.S. announced the punitive measures.
"If you take, for example, BMW, 97 percent of the X3 that we are producing in Rosslyn is exported out of the country. We only sell 3 percent in South Africa, and there's a huge number of those vehicles that also go into the U.S. So there are companies in South Africa that are purely here not because they are selling vehicles in South Africa; they are here to produce vehicles for the global market, and it's important for them to remain globally competitive," said Mike Mabasa, CEO of the National Association of Automobile Manufacturers of South Africa.
U.S. automaker Ford, which has deep roots in South Africa, is also in the crosshairs.
The company recently invested over 300 million U.S. dollars to upgrade its Silverton plant in Pretoria, South Africa, for the production of the world's only plug-in hybrid Ranger, which has just entered production but could face delays or restrictions.
"If an American citizen wants to buy specifically a Ford Ranger that is a plug-in hybrid, they can only place an order in South Africa, nowhere else in the world. So, that means, obviously, the capacity of Ford to be able to produce those vehicles in big volumes is going to be constrained, because Americans are going be looking at another Ford that is produced in another country, or even in the United States," said Mabasa.
South Africa has long enjoyed duty-free automotive exports to the U.S. under the African Growth and Opportunity Act, but that relationship now hangs in the balance.
A sharp shift in U.S. foreign policy threatens to derail an industry that employs thousands and contributes around 5 percent to the country's economy.
"We produce less than 1 percent of global automotive vehicles, so to say. So, in reality, the impact on us is likely to be more disproportionate than those of our peers that produce at the same level. And the risk is actually created -- a concentration risk -- in countries that have greater capacity and are building more; in those countries will be able to absorb some of this," said Parks Tau, South Africa's minister of trade and industry.
Amid growing concerns about overreliance on the U.S. market, Amith Singh, national manager for manufacturing at Nedbank Commercial Bank, emphasized the importance of tapping into regional trade opportunities.
"I think we need to make better use of some of our local agreements, our African continental agreements. How do we leverage that? How do we partner with the government and private sector to start benefiting the countries and the economies aside from the United States? So, those could be the catalyst to drive our localization projects; it could be what we need to drive the African economy as opposed to being completely reliant on the States (United States)," he said.
South Africa is for now standing firm in its decision not to retaliate against steep U.S. import tariffs, set to take effect in just a few days.
Officials in Pretoria acknowledge the challenges posed by the current U.S. administration but are pursuing a diplomatic approach in hopes of maintaining stable relations and preserving the African Growth and Opportunity Act.
US tariffs rock South Africa’s auto industry
